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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
Oct 25, 1996 The Bank of Commerce OK BancFirst
Oct 25, 1996 Commerce Bancorporation, Inc. OK BancFirst Corporation
Oct 25, 1996 Gibson County Bank IN Old National Bank
Oct 25, 1996 Granville United Bank NC Triangle Bank
Oct 24, 1996 Saint Paul Medical Center Credit Union TX OmniAmerican Bank
Oct 24, 1996 Volga Federal Credit Union SD Dakotaland Federal Credit Union
Oct 24, 1996 (unnamed) — Firstar Bank Missouri, National Association
Oct 22, 1996 Harry Rich Affiliates Federal Credit Union NJ L'Oreal USA Federal Credit Union
Oct 21, 1996 Youngs Rubber Employees Federal Credit Union NJ Credit Union of New Jersey
Oct 20, 1996 Workingmens Capital Holdings, Inc. IN Old National Bancorp
Oct 20, 1996 Onb Bank IN ONB Bloomington, National Association
Oct 19, 1996 First Citizens Bank CA California Federal Bank, a Federal Savings Bank
Oct 18, 1996 Yellowstone Bank, Absarokee, Montana MT The Yellowstone Bank
Oct 18, 1996 Mercantile Bank of Lake of the Ozarks MO Mercantile Bank of Central Missouri
Oct 18, 1996 Mercantile Bank of Phelps County MO Mercantile Bank of Central Missouri
Oct 18, 1996 The Yellowstone Bank, Columbus, Montana MT The Yellowstone Bank
Oct 18, 1996 Mercantile Bank of Warrensburg MO Mercantile Bank of Central Missouri
Oct 18, 1996 (unnamed) — Mercantile Bank of Central Missouri
Oct 18, 1996 St. Clair Federal Savings Bank AL National Bank of Commerce of Birmingham
Oct 18, 1996 Bank IV, National Association KS Nationsbank, National Association (Mid-West)
Oct 18, 1996 Boatmen's Kansas, Inc. KS Bbi Kansas, Inc.
Oct 18, 1996 The Yellowstone Bank MT The Yellowstone Bank
Oct 18, 1996 Mercantile Bank of West Central Missouri MO Mercantile Bank of Central Missouri
Oct 18, 1996 Mercantile Bank of Boone County MO Mercantile Bank of Central Missouri
Oct 17, 1996 Sutter Buttes Savings Bank, FSB CA Tri Counties Bank
Oct 15, 1996 Jdo Federal Credit Union PA C-B-W School Federal Credit Union
Oct 15, 1996 Crawford County Bank GA Southland Bank
Oct 14, 1996 Central Washington Bank WA Pacific Northwest Bank
Oct 12, 1996 Bank of North America FL Bankatlantic
Oct 12, 1996 Citizens Bank of Southern Missouri MO Union Bank
Oct 12, 1996 The Navarre Deposit Bank Company OH Sky Bank
Oct 12, 1996 Banco Central Hispano - Puerto Rico PR Banco Santander Puerto Rico
Oct 12, 1996 SCT Federal Credit Union TN Memorial Credit Union
Oct 12, 1996 Peoples Savings Association OH Fidelity Federal Savings Bank
Oct 7, 1996 The First National Bank of Westville IL First National Bank of Danville
Oct 7, 1996 Orland State Bank IL Marquette Bank
Oct 6, 1996 Southwest Financial Bank and Trust Company IL Southwest Financial Bank and Trust Company
Oct 5, 1996 Bank of Chapmanville WV Logan Bank & Trust Company
Oct 5, 1996 Graham Savings Bank, Inc., SSB NC Central Carolina Bank and Trust Company
Oct 5, 1996 The Anchor Bank of North Carolina NC The Anchor Bank
Oct 4, 1996 WesBanco Bank Kingwood, Inc. WV WesBanco Bank Fairmont, Inc.
Oct 3, 1996 Randolph County Bancorp IN First Merchants Corporation
Oct 2, 1996 Hawkeye Federal Savings Bank IA Commercial Federal Bank, a Federal Savings Bank
Oct 1, 1996 Burlington County Bank NJ Trenton Savings Bank FSB
Oct 1, 1996 Continental Bancorporation NJ Collective Bancorp, Inc.
Oct 1, 1996 Financial Bancorp, Inc. CO Community First Bankshares, Inc.
Oct 1, 1996 First Citizens Processing Services, Inc. SC First-Citizens Bank & Trust Company
Oct 1, 1996 Sierrawest Bank NV SierraWest Bank
Oct 1, 1996 First Midwest Asset Management Company IL First Midwest Bancorp, Inc.
Oct 1, 1996 Bancalabama, Inc. AL BNF Bancorp, Inc.

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.

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