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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
Sep 13, 1996 Boatmen's First National Bank of Oklahoma OK Boatmen's National Bank of Oklahoma
Sep 13, 1996 American Bancshares of Houma, Inc. LA Regions Financial Corporation
Sep 13, 1996 Boatmen's Oklahoma, Inc. MO Bbi Kansas, Inc.
Sep 13, 1996 First State Bank, Hubbard, Texas TX Norwest Bank Texas, Waco, National Association
Sep 13, 1996 Bank of the Desert, National Association CA Rabobank, N.A.
Sep 13, 1996 Cookson Pigments Employees Federal Credit Union NJ L'Oreal USA Federal Credit Union
Sep 13, 1996 H.I.P. Employees Federal Credit Union NY Financial Assurance Federal Credit Union
Sep 10, 1996 Northland Bancshares, Inc. MO Mark Twain Bancshares, Inc.
Sep 10, 1996 Mercantile Bancorporation Incorporated of Illinois MO Ameribanc, Inc.
Sep 10, 1996 Mercantile Bancorporation Inc. of Iowa MO Ameribanc, Inc.
Sep 10, 1996 Mercantile Bancorporation Inc. of Arkansas MO Ameribanc, Inc.
Sep 9, 1996 Security State Bank of Adams ND First United Bank
Sep 7, 1996 American State Bank NE Bank of Dixon County
Sep 7, 1996 (unnamed) — PNC Bank, N.A.
Sep 6, 1996 Lou Podell Federal Credit Union NY Warden Captree Federal Credit Union
Sep 6, 1996 Cumberland County Postal Employees Federal Credit Union NJ Bridgeton Onized Federal Credit Union
Sep 6, 1996 Glen Oaks Village Owners Federal Credit Union NY Consumers Federal Credit Union
Sep 5, 1996 Roseville Fraser City Employees Federal Credit Union MI Arc Credit Union
Sep 5, 1996 Beverly Bank of Lockport IL Beverly National Bank
Sep 5, 1996 Beverly Bank IL Beverly National Bank
Sep 5, 1996 Beverly Bank-Matteson IL Beverly National Bank
Sep 4, 1996 Alpine Bancorporation, Inc. IL Alpine Bancorporation, Inc.
Sep 1, 1996 Lafeda Federal Credit Union LA Southern Teachers & Parents Federal Credit Union
Sep 1, 1996 Farm Co-Op Federal Credit Union KS Central Kansas Credit Union
Sep 1, 1996 Central Bancorporation WA Pacific Northwest Bancorp
Sep 1, 1996 Hunter Park Federal Credit Union CA Visterra Credit Union
Sep 1, 1996 Baytown City Employee Credit Union TX Beacon Federal Credit Union
Sep 1, 1996 Wells Fargo Bank of Arizona, National Association AZ Wells Fargo Bank, N.A.
Sep 1, 1996 Riherd Bank Holding Company FL CNB Florida Bancshares, Inc.
Sep 1, 1996 Perpetual State Bank NC The Fidelity Bank
Sep 1, 1996 Gamco Employees Federal Credit Union KY Green River Area Federal Credit Union
Sep 1, 1996 Farmers and Dealers Bank FL CNB National Bank
Sep 1, 1996 Attco Memphis Employees Federal Credit Union TN Fedtrust Federal Credit Union
Sep 1, 1996 The First State Bank of Commerce OK Green Country Bank, FSB
Sep 1, 1996 First NH Investment Services, Inc. NH Citizens Bank New Hampshire
Sep 1, 1996 Citizens Bank and Trust KS Bank of Labor
Sep 1, 1996 Bankamerica National Trust Company NY (unnamed)
Aug 31, 1996 The Bank of Darien CT Lafayette American Bank
Aug 31, 1996 Bank of Weirton WV WesBanco Bank, Inc.
Aug 31, 1996 Twentieth Bancorp, Inc. WV Horizon Bancorp, Inc.
Aug 31, 1996 Slate Belt Federal Credit Union PA Ne Pa Community Federal Credit Union
Aug 31, 1996 Hometown Bancorporation, Inc. CT Hudson United Bancorp
Aug 31, 1996 Triangle PWC Employees Federal Credit Union WV Frick Financial Federal Credit Union
Aug 31, 1996 First National Financial Corporation GA Ameris Bancorp
Aug 31, 1996 Fleet Trust Company of Florida, National Association FL Fleet Trust and Investment Services Company, N.A.
Aug 30, 1996 Carlisle Bancshares, Inc. AR First United Bancshares, Inc.
Aug 30, 1996 Annapolis Bancshares, Inc. MD Sandy Spring Bancorp, Inc.
Aug 30, 1996 Delaware Trust Company DE Corestates Bank, National Association
Aug 30, 1996 Bank of Annapolis MD Sandy Spring Bank
Aug 30, 1996 Union Planters Bank, National Association TN Union Planters Bank, National Association

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

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