Levels of $^{96}\mathrm{Zr}$ populated following the ${\ensuremath{\beta}}^{\mathrm{\ensuremath{-}}}$ decay of the ${0}^{\mathrm{\ensuremath{-}}}$ ground state of $^{96}\mathrm{Y}$ have been investigated by \ensuremath{\gamma}-ray and conversion electron singles, \ensuremath{\gamma}-ray multispectral scaling, \ensuremath{\gamma}-\ensuremath{\gamma} and \ensuremath{\gamma}-${\mathrm{e}}^{\mathrm{\ensuremath{-}}}$ coincidence, and \ensuremath{\gamma}-\ensuremath{\gamma} angular correlation measurements. These data have been used to establish the population of eight excited levels of $^{96}\mathrm{Zr}$, to confirm the ${0}^{+}$ assignment of the 2695-keV level, and to determine a half-life of 5.4(1) s for $^{96}\mathrm{Y}$. The deduced beta transition strengths establish the decay to the ground state, with logft of 5.6, as one of the fastest first-forbidden decays known and support the notion of double subshell closure at Z=40 and N=56. The observed strong hindrance of transitions to excited ${0}^{+}$ states is indicative of shape coexistence. The observed level pattern of the band built on the ${0}_{2}^{+}$ state exhibits similarities to nearby vibrational-like nuclei having four valence protons and four valence neutrons. A four-particle, four-hole interpretation of the ${0}_{2}^{+}$ state is supported by the data, and we determine a deformation parameter, ${\ensuremath{\beta}}_{2}$\ensuremath{\sim}0.2, for this intruder bandhead.