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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 HQ Assets Acquirer or resolution
Aug 16, 1996 Commonwealth Thrift & Loan Torrance, CA $11.5M Frontier State Bank
Aug 9, 1996 Union Federal Bank, FSB Los Angeles, CA $32.6M Dean Witter Trust FSB
Jul 12, 1996 Fairfield First Bank & Trust Co Southport, CT $57.3M Norwalk Savings Society
Jun 14, 1996 First NB of the Panhandle Panhandle, TX $68.1M Sun Bank
May 31, 1996 People's Bank & Trust Borger, TX $22.7M Boatmen's First NB of Amari
Mar 8, 1996 Metrobank of Philadelphia Philadelphia, PA $40.4M Jefferson Bank

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 St Acquirer
Aug 9, 1996 F & M Bank-Potomac VA F & M Bank - Northern Virginia
Aug 8, 1996 Pitts-Met Federal Credit Union NY Greater Together Federal Credit Union
Aug 5, 1996 Regional Bank of Colorado, National Association CO Wells Fargo Bank West, National Association
Aug 3, 1996 First State Bancorp of Princeton, Illinois, Inc. IL AMCORE Financial, Inc.
Aug 3, 1996 NBM Bancorp, Inc. IL AMCORE Financial, Inc.
Aug 3, 1996 Washington Federal Savings Bank VA Allfirst Bank
Aug 3, 1996 Amcore Bank National Association, Peru IL Amcore Bank, National Association, North Central
Aug 3, 1996 Northwestern Savings Bank, F.S.B. ND American Federal Bank
Aug 3, 1996 AMCORE Bank, Princeton IL Amcore Bank, National Association, North Central
Aug 3, 1996 AMCORE Bank, Gridley IL Amcore Bank, National Association, North Central
Aug 2, 1996 Union National Bancorp IN First Merchants Corporation
Aug 2, 1996 Wonderlic Companies, Inc. IL Richmond Bancorp, Inc.
Aug 1, 1996 Jackson Bancorporation MN Goodenow Bancorporation
Aug 1, 1996 Mid-America National Bancorp, Incorporated IL Associated Illinois Banc Corp
Aug 1, 1996 The Service Bank of Tonkawa OK (unnamed)
Aug 1, 1996 Crawford Bancorp, Inc. IL First Financial Corporation
Aug 1, 1996 (unnamed) — Cornerstone Bank
Aug 1, 1996 Howard County Employees Federal Credit Union MD Tower Federal Credit Union
Aug 1, 1996 Beeline Employees Federal Credit Union UT Utah First Federal Credit Union
Aug 1, 1996 Farmers State Bank of Ypsilanti ND Unison Bank
Aug 1, 1996 Union Planters Bank of Perryville, National Association MO Union Planters Bank of Southeast Missouri
Aug 1, 1996 Ergon Companies Credit Union MS Statewide Federal Credit Union
Aug 1, 1996 The Union Bank and Savings Company OH The Croghan Colonial Bank
Aug 1, 1996 The Kiowa State Bank CO Mountain Parks Bank-East
Aug 1, 1996 Mid-America National Bank of Chicago IL Associated Bank Chicago
Aug 1, 1996 The Kinsley Bank KS Farmers Bank & Trust
Aug 1, 1996 Bolder Bancorporation CO First National of Colorado, Inc.
Jul 31, 1996 Central Bankshares, Inc. GA Ameris Bancorp
Jul 31, 1996 Pioneer Bancshares, Inc KY Limestone Bancorp, Inc
Jul 31, 1996 Brandywine Mortgage Investors Corporation DE Republic Bank of New York
Jul 31, 1996 Eastside Holding Corporation GA Main Street Banks, Inc.
Jul 31, 1996 Green River Bancorp, Inc. KY Limestone Bancorp, Inc
Jul 31, 1996 Key Florida Bank, A Federal Savings Bank FL Regions Bank, National Association
Jul 31, 1996 Manville Savings Bank NJ Raritan Savings Bank
Jul 26, 1996 Tri-County Community Bank of Lehigh Acres FL Florida Community Bank
Jul 23, 1996 City of Charleston Employees Federal Credit Union WV Members Choice WV Federal Credit Union
Jul 20, 1996 F&M Bankshares of Reedsburg, Inc. WI Associated Banc-Shares, Inc.
Jul 20, 1996 West One Trust Company, Washington WA U.S. Bank of Washington, National Association
Jul 20, 1996 NBD Bank IL Bank One, National Association
Jul 19, 1996 State First Financial Corporation AR First Commercial Corporation
Jul 18, 1996 Sheldon Security Bancorporation, Inc. IA Sheldon Security Financial Corporation
Jul 17, 1996 Compass Equitable Texas, Inc. AL Royall Financial Corporation
Jul 17, 1996 First State Bank and Trust Company OK Great Plains National Bank
Jul 17, 1996 The First National Bank of Mangum OK Great Plains National Bank
Jul 15, 1996 Security Savings Bank IA First Bank, Federal Savings Bank
Jul 15, 1996 Valley State Bank IA First Bank, Federal Savings Bank
Jul 15, 1996 First Texas Bank TX OrangeBank
Jul 15, 1996 Nevada National Bank IA First Bank, Federal Savings Bank
Jul 14, 1996 The Chase Manhattan Bank (National Association) NY JPMorgan Chase Bank, N.A.
Jul 13, 1996 Summit Bank NJ Summit Bank

The list holds 500 of the 1,203 mergers recorded for 1996.

Enforcement Actions in 1996

Action date Agency Institution Action
Dec 24, 1996 OCC MetroBank, National Association Civil Money Penalty (CMP): Flanders, Gary W.
Dec 20, 1996 OCC_OTS Boston Five Financial Services, Inc. Cease and Desist: Thomas Steven Moynihan
Dec 20, 1996 FRB Bankers Company of New York Prohibition from Banking: Nir Kantor
Dec 19, 1996 OCC First Central Bank, National Association Prohibition/Removal Orders: Chow, David
Dec 19, 1996 OCC Capital Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Holtz, Abel
Dec 18, 1996 OCC First Central Bank, National Association Civil Money Penalty (CMP): Lew, Dr. Margin
Dec 17, 1996 OCC First Central Bank, National Association Civil Money Penalty (CMP): Lee, George
Dec 17, 1996 OCC First National Bank of Rochester Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Calabrese, Richard A.
Dec 17, 1996 OCC First National Bank of Glenwood C&D or PC&D Requiring Restitution: Oskey, Warren A.
Dec 17, 1996 OCC The First National Bank of the Panhandle C&D or PC&D Requiring Restitution: Berry, Gerald
Dec 17, 1996 OCC First National Bank of Glenwood Prohibition/Removal Orders: Oskey, Warren A.
Dec 17, 1996 OCC The First National Bank of the Panhandle Prohibition/Removal Orders: Berry, Gerald
Dec 17, 1996 OCC First National Bank of Glenwood Civil Money Penalty (CMP): Oskey, Warren A.
Dec 17, 1996 OCC First National Bank of Rochester Civil Money Penalty (CMP): Calabrese, Richard A.
Dec 12, 1996 FRB United Security Bancorporation Cease and Desist Order: David C. Myers
Dec 12, 1996 FRB United Security Bancorporation Cease and Desist Order: United Security Bancorporation, Lincoln, NE
Dec 12, 1996 OCC_OTS Corning Savings and Loan Association Cease and Desist: Corning S&LA
Dec 12, 1996 FRB United Security Bancorporation Cease and Desist Order: Harold S. Myers
Dec 11, 1996 FRB (individual) Prohibition from Banking: George T. Wittman
Dec 9, 1996 OCC_OTS Naugatuck Valley Savings and Loan Association Civil Money Penalty: Dominic J. Alegi
Dec 9, 1996 OCC_OTS Naugatuck Valley Savings and Loan Association Cease and Desist: Dominic J. Alegi
Dec 9, 1996 OCC First Central Bank, National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Chow, David
Dec 9, 1996 OCC Nationsbank Texas Corporation Prohibition/Removal Orders: Conner, Kathryn S.
Dec 9, 1996 OCC The First National Bank at Saint James Civil Money Penalty (CMP): Schutz, Gary
Dec 5, 1996 FRB (individual) Prohibition from Banking: Karen Sanford
Dec 5, 1996 OCC_OTS (individual) Cease and Desist: Michael E. Richardson
Dec 4, 1996 OCC Banc One Colorado Corporation Prohibition/Removal Orders: Munoz, David
Nov 22, 1996 OCC_OTS Universal Bank Civil Money Penalty: Universal Bank
Nov 22, 1996 OCC Mechanics National Bank Prohibition/Removal Orders: Morita, Gerold
Nov 22, 1996 OCC Mechanics National Bank Civil Money Penalty (CMP): Grabowski, Patrick F.
Nov 22, 1996 OCC Banco Nacional, N.A. Civil Money Penalty (CMP): Conde, Carlos
Nov 22, 1996 OCC First National Bank of Rochester Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Piraino, John
Nov 22, 1996 OCC Mechanics National Bank C&D or PC&D Requiring Restitution: Morita, Gerold
Nov 21, 1996 FRB Banco Latino International Cease and Desist Order: Banco Latino C.A., S.A.C.A., Caracas, Venezuela and Banco Latino International, …
Nov 18, 1996 OCC_OTS First Bank of Beverly Hills Cease and Desist: First Bank of Beverly Hills
Nov 18, 1996 OCC_OTS Girard Savings Bank Cease and Desist: Girard SB, FSB
Nov 15, 1996 OCC_OTS (individual) Cease and Desist: Stella Renee Jarvis
Nov 15, 1996 OCC_OTS (individual) Orders of Removal/Prohibition: Stella Renee Jarvis
Nov 14, 1996 OCC Fidelity National Mortgage Corporation Formal Agreement: Fidelity National Bank
Nov 14, 1996 FRB Nippon Credit Trust Company Civil Money Penalty $35,000: Thomas P. Rogers
Nov 14, 1996 FRB Nippon Credit Trust Company Cease and Desist Order: Thomas P. Rogers
Nov 13, 1996 OCC Banco Nacional, N.A. Prohibition/Removal Orders: Conde, Carlos
Nov 7, 1996 OCC_OTS (individual) Civil Money Penalty: Gilbert C., Sr. Gibson
Nov 7, 1996 OCC Rock Hill National Bank Prohibition/Removal Orders: Wright, Michael D.
Nov 1, 1996 FRB Arab American Bank Written Agreement: Arab American Bank, New York, NY
Oct 31, 1996 OCC_OTS American Federal Savings Bank Cease and Desist: Janice Calomiris
Oct 29, 1996 FRB (individual) Prohibition from Banking: Edward Stempniewicz
Oct 24, 1996 OCC BOKF, N.A. Prohibition/Removal Orders: Collier, Barbara J.
Oct 24, 1996 OCC Fidelity National Bank Civil Money Penalty (CMP): Ridgeway, William R.
Oct 22, 1996 OCC Wells Fargo Bank, National Association Prohibition/Removal Orders: El-Feghali, Debra E.

Browse adjacent years: 1995 · 1997

Or jump to a category: Failures · Mergers · Enforcement · Assistance