Data / Bank failures / 1996
US bank failures in 1996: 6 banks closed
6 banks failed in 1996, holding $232.6 million in assets and $230.4 million in deposits. The FDIC estimates the cost to its insurance fund at $60.6 million. The largest: First NB of the Panhandle ($68.1 million), Fairfield First Bank & Trust Co ($57.3 million), Metrobank of Philadelphia ($40.4 million). Most by state: CA 2, TX 2, CT 1, PA 1.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
Every failure, newest first
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Commonwealth Thrift & Loan | Torrance | CA | August 16, 1996 | $11.5 million | $10.9 million | $5.6 million | Frontier State Bank |
| Union Federal Bank, FSB | Los Angeles | CA | August 9, 1996 | $32.6 million | $32.7 million | $21.9 million | Dean Witter Trust FSB |
| Fairfield First Bank & Trust Co | Southport | CT | July 12, 1996 | $57.3 million | $57.3 million | $5.7 million | Norwalk Savings Society |
| First NB of the Panhandle | Panhandle | TX | June 14, 1996 | $68.1 million | $68 million | $16.3 million | Sun Bank |
| People's Bank & Trust | Borger | TX | May 31, 1996 | $22.7 million | $22.3 million | $3.4 million | Boatmen's First NB of Amari |
| Metrobank of Philadelphia | Philadelphia | PA | March 8, 1996 | $40.4 million | $39.2 million | $7.7 million | Jefferson Bank |
Other years
- 2026 4
- 2025 2
- 2024 2
- 2023 5
- 2020 4
- 2019 4
- 2017 8
- 2016 5
- 2015 8
- 2014 18
- 2013 24
- 2012 51
- 2011 92
- 2010 157
- 2009 148
- 2008 30
- 2007 3
- 2004 4
- 2003 3
- 2002 11
- 2001 4
- 2000 7
- 1999 8
- 1998 3
- 1997 1
- 1995 8
- 1994 15
- 1993 50
- 1992 181
- 1991 271
- 1990 382
- 1989 534
- 1988 470
- 1987 262
- 1986 204
- 1985 180
- 1984 106
- 1983 99
- 1982 119
- 1981 40
- 1980 22
- 1979 10
- 1978 7
- 1977 6
- 1976 17
- 1975 13
- 1974 4
- 1973 6
- 1972 2
- 1971 7
- 1970 7
- 1969 9
- 1968 3
- 1967 4
- 1966 7
- 1965 5
- 1964 7
- 1963 2
- 1962 1
- 1961 5
- 1960 1
- 1959 3
- 1958 4
- 1957 1
- 1956 2
- 1955 5
- 1954 2
- 1953 2
- 1952 3
- 1951 2
- 1950 4
- 1949 4
- 1948 3
- 1947 5
- 1946 1
- 1945 1
- 1944 2
- 1943 5
- 1942 20
- 1941 15
- 1940 43
- 1939 60
- 1938 74
- 1937 75
- 1936 69
- 1935 25
- 1934 9
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.