FDIC failed bank list
Bank failures in 1996
6 insured banks failed in 1996, with combined assets of $232.6M and an estimated cost to the deposit insurance fund of $60.6M. California had the most (2).
| Bank | City | Closed | Assets | Acquirer | Est. cost to FDIC |
|---|---|---|---|---|---|
| Commonwealth Thrift & Loan | Torrance, CA | Aug 16, 1996 | $11.5M | Frontier State Bank | $5.6M |
| Union Federal Bank, FSB | Los Angeles, CA | Aug 9, 1996 | $32.6M | Dean Witter Trust FSB | $21.9M |
| Fairfield First Bank & Trust Co | Southport, CT | Jul 12, 1996 | $57.3M | Norwalk Savings Society | $5.7M |
| First Nb of the Panhandle | Panhandle, TX | Jun 14, 1996 | $68.1M | Sun Bank | $16.3M |
| People'S Bank & Trust | Borger, TX | May 31, 1996 | $22.7M | Boatmen'S First Nb of Amari | $3.4M |
| Metrobank of Philadelphia | Philadelphia, PA | Mar 8, 1996 | $40.4M | Jefferson Bank | $7.7M |