Bank failures in 1996
6 FDIC-insured institutions failed in 1996.
| Bank | Location | Date | Deposits (pre-failure) | Assets (pre-failure) |
|---|---|---|---|---|
| Commonwealth Thrift & Loan | Torrance, California | August 16, 1996 | $11M | $12M |
| Union Federal Bank, Fsb | Los Angeles, California | August 9, 1996 | $33M | $33M |
| Fairfield First Bank & Trust Co | Southport, Connecticut | July 12, 1996 | $57M | $57M |
| First Nb of the Panhandle | Panhandle, Texas | June 14, 1996 | $68M | $68M |
| People'S Bank & Trust | Borger, Texas | May 31, 1996 | $22M | $23M |
| Metrobank of Philadelphia | Philadelphia, Pennsylvania | March 8, 1996 | $39M | $40M |
Transcribed from the FDIC BankFind Suite failures dataset. Deposit and asset figures are from the last quarterly Call Report filed before failure, not balances on the failure date.