Calendar Year
1996 in US Banking
1,476 bank events are on record for 1996: 6 failures, 1,203 mergers or acquisitions involving a bank, credit union or bank holding company, and 267 enforcement actions.
6
Failures
$232.6M in failed assets
1,203
Mergers
Federal Reserve NIC, banking organizations
267
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
Jump to: Bank failures 1996 · Bank mergers 1996
How many banks failed in 1996?
6 banks failed in 1996, with $232.6M in assets. Each failure below links to its own page.
| Date | Bank | Assets |
|---|---|---|
| Aug 16, 1996 | Commonwealth Thrift & Loan | $11.5M |
| Aug 9, 1996 | Union Federal Bank, FSB | $32.6M |
| Jul 12, 1996 | Fairfield First Bank & Trust Co | $57.3M |
| Jun 14, 1996 | First NB of the Panhandle | $68.1M |
| May 31, 1996 | People's Bank & Trust | $22.7M |
| Mar 8, 1996 | Metrobank of Philadelphia | $40.4M |
Which banks merged in 1996?
1,203 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1996.
See the fuller list: Bank mergers 1996 with largest deals and credit union mergers ›
| Date | Acquired | Acquirer |
|---|---|---|
| Oct 25, 1996 | The Bank of Commerce | BancFirst |
| Oct 25, 1996 | Commerce Bancorporation, Inc. | BancFirst Corporation |
| Oct 25, 1996 | Gibson County Bank | Old National Bank |
| Oct 25, 1996 | Granville United Bank | Triangle Bank |
| Oct 24, 1996 | Saint Paul Medical Center Credit Union | OmniAmerican Bank |
| Oct 24, 1996 | Volga Federal Credit Union | Dakotaland Federal Credit Union |
| Oct 24, 1996 | (unnamed) | Firstar Bank Missouri, National Association |
| Oct 22, 1996 | Harry Rich Affiliates Federal Credit Union | L'Oreal USA Federal Credit Union |
| Oct 21, 1996 | Youngs Rubber Employees Federal Credit Union | Credit Union of New Jersey |
| Oct 20, 1996 | Workingmens Capital Holdings, Inc. | Old National Bancorp |
| Oct 20, 1996 | Onb Bank | ONB Bloomington, National Association |
| Oct 19, 1996 | First Citizens Bank | California Federal Bank, a Federal Savings Bank |
| Oct 18, 1996 | Yellowstone Bank, Absarokee, Montana | The Yellowstone Bank |
| Oct 18, 1996 | Mercantile Bank of Lake of the Ozarks | Mercantile Bank of Central Missouri |
| Oct 18, 1996 | Mercantile Bank of Phelps County | Mercantile Bank of Central Missouri |
| Oct 18, 1996 | The Yellowstone Bank, Columbus, Montana | The Yellowstone Bank |
| Oct 18, 1996 | Mercantile Bank of Warrensburg | Mercantile Bank of Central Missouri |
| Oct 18, 1996 | (unnamed) | Mercantile Bank of Central Missouri |
| Oct 18, 1996 | St. Clair Federal Savings Bank | National Bank of Commerce of Birmingham |
| Oct 18, 1996 | Bank IV, National Association | Nationsbank, National Association (Mid-West) |
| Oct 18, 1996 | Boatmen's Kansas, Inc. | Bbi Kansas, Inc. |
| Oct 18, 1996 | The Yellowstone Bank | The Yellowstone Bank |
| Oct 18, 1996 | Mercantile Bank of West Central Missouri | Mercantile Bank of Central Missouri |
| Oct 18, 1996 | Mercantile Bank of Boone County | Mercantile Bank of Central Missouri |
| Oct 17, 1996 | Sutter Buttes Savings Bank, FSB | Tri Counties Bank |
| Oct 15, 1996 | Jdo Federal Credit Union | C-B-W School Federal Credit Union |
| Oct 15, 1996 | Crawford County Bank | Southland Bank |
| Oct 14, 1996 | Central Washington Bank | Pacific Northwest Bank |
| Oct 12, 1996 | Bank of North America | Bankatlantic |
| Oct 12, 1996 | Citizens Bank of Southern Missouri | Union Bank |
| Oct 12, 1996 | The Navarre Deposit Bank Company | Sky Bank |
| Oct 12, 1996 | Banco Central Hispano - Puerto Rico | Banco Santander Puerto Rico |
| Oct 12, 1996 | SCT Federal Credit Union | Memorial Credit Union |
| Oct 12, 1996 | Peoples Savings Association | Fidelity Federal Savings Bank |
| Oct 7, 1996 | The First National Bank of Westville | First National Bank of Danville |
| Oct 7, 1996 | Orland State Bank | Marquette Bank |
| Oct 6, 1996 | Southwest Financial Bank and Trust Company | Southwest Financial Bank and Trust Company |
| Oct 5, 1996 | Bank of Chapmanville | Logan Bank & Trust Company |
| Oct 5, 1996 | Graham Savings Bank, Inc., SSB | Central Carolina Bank and Trust Company |
| Oct 5, 1996 | The Anchor Bank of North Carolina | The Anchor Bank |
| Oct 4, 1996 | WesBanco Bank Kingwood, Inc. | WesBanco Bank Fairmont, Inc. |
| Oct 3, 1996 | Randolph County Bancorp | First Merchants Corporation |
| Oct 2, 1996 | Hawkeye Federal Savings Bank | Commercial Federal Bank, a Federal Savings Bank |
| Oct 1, 1996 | Burlington County Bank | Trenton Savings Bank FSB |
| Oct 1, 1996 | Continental Bancorporation | Collective Bancorp, Inc. |
| Oct 1, 1996 | Financial Bancorp, Inc. | Community First Bankshares, Inc. |
| Oct 1, 1996 | First Citizens Processing Services, Inc. | First-Citizens Bank & Trust Company |
| Oct 1, 1996 | Sierrawest Bank | SierraWest Bank |
| Oct 1, 1996 | First Midwest Asset Management Company | First Midwest Bancorp, Inc. |
| Oct 1, 1996 | Bancalabama, Inc. | BNF Bancorp, Inc. |
The list holds 500 of the 1,203 mergers recorded for 1996.
Enforcement Actions in 1996
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Jan 19, 1996 | FRB | Jefferson Bank | Prohibition from Banking: Steen Ronlov |
| Jan 17, 1996 | FRB | Banco Portugues Do Atlantico, S.A. | Prohibition from Banking: Anthony Delgado |
| Jan 16, 1996 | OCC_OTS | Charter Federal Savings and Loan Association | Termination of Cease and Desist: Charter FS&LA |
| Jan 11, 1996 | OCC_OTS | First Fidelity Trust Company, New York | Orders of Removal/Prohibition: Thomas D. Lovely |
| Jan 11, 1996 | OCC_OTS | First Fidelity Trust Company, New York | Cease and Desist: Thomas D. Lovely |
| Jan 10, 1996 | OCC_OTS | (individual) | Orders of Removal/Prohibition: Tamika M. Pack |
| Jan 10, 1996 | OCC_OTS | (individual) | Cease and Desist: Tamika M. Pack |
| Jan 10, 1996 | OCC_OTS | Marine View Savings and Loan Association | Cease and Desist: Radics & Co., LLC |
| Jan 10, 1996 | OCC_OTS | Plymouth Savings Bank | Cease and Desist: Cornelius Bottomley |
| Jan 10, 1996 | OCC | Summit National Bank | C&D or PC&D Requiring Restitution: Mannello, Joseph |
| Jan 10, 1996 | OCC | Summit National Bank | Civil Money Penalty (CMP): Manello, Joseph |
| Jan 2, 1996 | OCC_OTS | Commercial Federal Bank, a Federal Savings Bank | Orders of Removal/Prohibition: Christopher D. Rose |
| Jan 2, 1996 | OCC_OTS | Great Lakes National Bank Michigan | Cease and Desist: Melissa M. Hall |
| Jan 2, 1996 | OCC_OTS | (individual) | Cease and Desist: Kevin Spencer |
| Jan 2, 1996 | OCC_OTS | Commercial Federal Bank, a Federal Savings Bank | Cease and Desist: Christopher D. Rose |
| Jan 2, 1996 | OCC_OTS | Great Lakes Bancorp, A FSB | Orders of Removal/Prohibition: Melissa M. Hall |
| Jan 2, 1996 | OCC_OTS | Pacific Southwest Bank | Orders of Removal/Prohibition: Kevin Spencer |
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