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Calendar Year

1997 in US Banking

616 bank events on record in 1997 — 1 failure, 500 mergers or acquisitions, and 115 regulatory enforcement actions.

1
Failures
$27,923,000 in failed assets
500
Mergers
NIC transformations
115
Enforcement
OCC / FDIC / FRB / OTS

Failures in 1997

DateBankHQAssetsAcquirer
1997-11-21SOUTHWEST BANKJENNINGS, LA$27,923,000FIRST SOUTHWEST BANK

Mergers & Acquisitions in 1997 (top 500 of 500)

DateAcquiredStAcquirer
1997-12-31P N C Bank, Indiana, Inc.INPNC BANK, NATIONAL ASSOCIATION
1997-12-31MERIDIAN LIFE INSURANCE COMPANYPAPENNCO LIFE INSURANCE COMPANY
1997-12-31CT MORTGAGE COMPANY OF TENNESSEE, INC.TNCT MORTGAGE COMPANY, INC.
1997-12-31CHASE ACCEPTANCE CORPORATIONTXCHASE FINANCIAL CORPORATION
1997-12-31NNW UTILITY FUNDING II, INC.ORNATIONSBANC LEASING CORPORATION
1997-12-31COMERICA COMMUNITY DEVELOPMENT CORPORATIONMIComerica Bank
1997-12-31PLAINS SERVICE CORPORATIONTXPLAINSCAPITAL BANK
1997-12-31PNC Bank, Ohio, National AssociationOHPNC BANK, NATIONAL ASSOCIATION
1997-12-31IOWA FINANCIAL BANCORPORATIONMNLAKESIDE CREDIT CO., INC.
1997-12-31CHASE FINANCIAL HOLDINGS, INC.OHCHASE FINANCIAL CORPORATION
1997-12-31Culver National BankCABank of Los Angeles
1997-12-31WF CHARITABLE FOUNDATION, THECAWELLS FARGO COMMUNITY FOUNDATION
1997-12-31C D S EMPLOYEES CREDIT UNIONILVALLEY BELL CREDIT UNION
1997-12-31CHASE MANHATTAN PARTICIPACAO EMPREENDIMENTOS LIMITADA—CHASE MANHATTAN HOLDINGS LTDA.
1997-12-31CHASE FINANCIAL CORPORATION OF FLFLCHASE FINANCIAL CORPORATION
1997-12-31(unnamed)—Enterprise Banking, National Association
1997-12-31BOATMEN'S EQUIPMENT FINANCE, INCGANATIONSBANC LEASING CORPORATION
1997-12-31The Farmers and Savings Bank, Loudonville, OhioOHFirst-Knox National Bank
1997-12-31CHASE FINANCIAL ACCEPTANCE CORPORATIONOHCHASE FINANCIAL CORPORATION
1997-12-31CT MORTGAGE COMPANY OF ILLINOIS, INC.ILCT MORTGAGE COMPANY, INC.
1997-12-31VALLEY MANOR, INC.MDLOYOLA FINANCIAL AND DEVELOPMENT CORPORATION
1997-12-31LOWELL SUN EMPLOYEES CREDIT UNIONMAJEANNE D'ARC CREDIT UNION
1997-12-31(unnamed)—Sun Security Bank of America
1997-12-31HAGENUK GMBH—PREUSSAG IMMOBILIEN GMBH
1997-12-31NATIONSBANC LEASING CORPORATION OF VIRGINIAVANATIONSBANC LEASING CORPORATION
1997-12-31NNW UTILITY FUNDING I, INC.ORNATIONSBANC LEASING CORPORATION
1997-12-31CHASE FINANCIAL CORPORATION OF PAPACHASE FINANCIAL CORPORATION
1997-12-31CHASE FINANCIAL SERVICES CORPORATIONAZCHASE FINANCIAL CORPORATION
1997-12-31CHASE FINANCIAL INVESTMENT CORPORATIONOHCHASE FINANCIAL CORPORATION
1997-12-31CONSOLIDATED COMPUTER CENTER, INC.OHPARK NATIONAL BANK, THE
1997-12-31OUR OWN HARDWARE EMPLOYEES CREDIT UNIONMNMY CREDIT UNION
1997-12-31CHASE FINANCIAL CORPORATION OF GAGACHASE FINANCIAL CORPORATION
1997-12-31PNC LEASING CORP., KENTUCKYKYPNC LEASING CORP.
1997-12-31FIRSTMONDOVI, INC.WIGEBSCO, INC.
1997-12-31CT MORTGAGE COMPANY OF SOUTH CAROLINA, INC.ILCT MORTGAGE COMPANY, INC.
1997-12-31LANGDON BANCSHARES, INC.NDF & M BANCSHARES, INC.
1997-12-31CHASE MANHATTAN FINANCIAL CORPORATION, LTD.OHCHASE FINANCIAL CORPORATION
1997-12-31WHITE EAGLE LIMITEDCTSURREY DOWNS/FIDOREO, INC.
1997-12-31CHASE FINANCIAL CORPORATION (NC)NCCHASE FINANCIAL CORPORATION
1997-12-31ATLAS FEDERAL CREDIT UNIONPAFIRST COMMONWEALTH FEDERAL CREDIT UNION
1997-12-31MARINE MIDLAND SERVICES CORPORATIONNYDELAWARE CREDIT CORP. (USA)
1997-12-31CT MORTGAGE COMPANY OF FLORIDA, INC.FLCT MORTGAGE COMPANY, INC.
1997-12-31DOVER MEADOWS, INC.MDLOYOLA FINANCIAL AND DEVELOPMENT CORPORATION
1997-12-31CHASE FINANCIAL CORPORATION OF COCOCHASE FINANCIAL CORPORATION
1997-12-31CENTRAL KANSAS BANKSHARES, INC.KSCENTRAL FINANCIAL CORPORATION
1997-12-31INTERTEK TESTING SERVICES INC.DETESTING HOLDINGS USA INC.
1997-12-31COBAN, INC.ORThe Commercial Bank
1997-12-31CT MORTGAGE COMPANY OF VIRGINIA, INC.ILCT MORTGAGE COMPANY, INC.
1997-12-31HOUSTON BANCORPORATION, INC.TXPOPULAR NORTH AMERICA, INC.
1997-12-31CHASE FINANCIAL MANAGEMENT CORPORATIONOHCHASE FINANCIAL CORPORATION
1997-12-31CROMWELL STATION, INC.MDLOYOLA FINANCIAL AND DEVELOPMENT CORPORATION
1997-12-31LOYOLA FINANCIAL CORPORATIONMDLOYOLA FINANCIAL AND DEVELOPMENT CORPORATION
1997-12-31EUROCOPTER S.A.—EUROCOPTER
1997-12-31FIRST BANK OF BEVERLY HILLS, STATE SAVINGS BANKCAFIRST BANK OF BEVERLY HILLS
1997-12-31CT MORTGAGE COMPANY OF GEORGIA, INC.ILCT MORTGAGE COMPANY, INC.
1997-12-31NATIONSBANC LEASING CORPORATION OF NORTH CAROLINANCNATIONSBANC LEASING CORPORATION
1997-12-31B. P. CORPORATIONMNLAKESIDE CREDIT CO., INC.
1997-12-31BUD PARK, INC.CTSURREY DOWNS/FIDOREO, INC.
1997-12-31HUMBOLDT BANCSHARES, INC.KSCGB ACQUISITION CORPORATION
1997-12-31LOYOLA INVESTORS, INC.MDLOYOLA FINANCIAL AND DEVELOPMENT CORPORATION
1997-12-31EAST HARTFORD CLEARING COMPANYCTSURREY DOWNS/FIDOREO, INC.
1997-12-31BAY WOODS, INC.MDLOYOLA FINANCIAL AND DEVELOPMENT CORPORATION
1997-12-31The Crockett State BankTXFIRST NATIONAL BANK OF HUNTSVILLE
1997-12-31CHASE MANHATTAN FINANCIAL CORPORATIONCACHASE FINANCIAL CORPORATION
1997-12-31LYTTON CORPORATIONCACOMERICA HOLDINGS INCORPORATED
1997-12-31Flagship Bank FSBCAInternational City Bank Federal Savings Bank
1997-12-31PNC Bank, Kentucky, Inc.KYPNC BANK, NATIONAL ASSOCIATION
1997-12-31ALMA BANCSHARES CORPORATIONMOC.S. BANCSHARES, INC.
1997-12-30First National Bank of DaytonTXParadigm Bank Texas
1997-12-30BLUEBIRD ASSET MANAGEMENT, INC.DESILVER ASSET MANAGEMENT, INC.
1997-12-30SEYMOUR SALES CORPORATIONINHOME PRODUCTS INTERNATIONAL, INC.
1997-12-30MIDLANTIC COMMERCIAL LEASING CORP.NYPNC LEASING CORP.
1997-12-30FORD BANK GROUP, INC.MNUNITED NEW MEXICO FINANCIAL CORPORATION
1997-12-29FIRST TULE BANCORP OF DELAWARE, INC.DEBLACKHAWK BANCORPORATION
1997-12-29OLD NORTH STATE BANK FINANCIAL SERVICESNCLSB INVESTMENT SERVICES, INC.
1997-12-29PREMIER TRUST COMPANYVAFirst Virginia Bank
1997-12-29FORD BANK GROUP HOLDINGS, INC.DEFORD BANK GROUP, INC.
1997-12-29BANCSHARES HOLDING COMPANYDEINDEPENDENT BANCORP OF ARIZONA, INC.
1997-12-29FINANCIAL TRUST LIFE INSURANCE CO.PAKEYSTONE FINANCIAL LIFE INSURANCE COMPANY
1997-12-29Colorado Business Bank, National AssociationCOCoBiz Bank
1997-12-23First Interstate Bank, FSBMTFIRST INTERSTATE BANK
1997-12-23SUMMIT CREDIT CORP.NJSUMMIT BANCORP.
1997-12-23Carolina State BankNCFIRST CHARTER BANK
1997-12-23FIRST INVESTORS FINANCIAL CORPORATIONNCNEUSE, INCORPORATED
1997-12-23KRAFTUBE MANAGEMENT, INC.AZDELCO REMY INTERNATIONAL, INC.
1997-12-23BALLANTRAE CORPORATIONMIDELCO REMY INTERNATIONAL, INC.
1997-12-22FIRST TULE BANCORP, INC.MNBLACKHAWK BANCORPORATION
1997-12-22KEN-CARYL INVESTMENT COMPANYMNINDEPENDENT BANCORP OF ARIZONA, INC.
1997-12-22LA PORTE BANCORPMNLINDEBERG FINANCIAL CORPORATION
1997-12-22AM-CAN INVESTMENTS, INC.MNBLACKHAWK BANCORPORATION
1997-12-22PARKER BANKSHARES, INCORPORATEDMNINDEPENDENT BANCORP OF ARIZONA, INC.
1997-12-22Peoples National BankWVCITY NATIONAL BANK OF WEST VIRGINIA
1997-12-22GOLDENBANKS OF COLORADO, INC.MNINDEPENDENT BANCORP OF ARIZONA, INC.
1997-12-22First State Bank and Trust, National AssociationWVCITY NATIONAL BANK OF WEST VIRGINIA
1997-12-22BANK OF MONTANA SYSTEMMTLINDEBERG FINANCIAL CORPORATION
1997-12-22The Old National Bank of HuntingtonWVCITY NATIONAL BANK OF WEST VIRGINIA
1997-12-22The First National Bank of HintonWVCITY NATIONAL BANK OF WEST VIRGINIA
1997-12-22WEST ONE LIFE INSURANCE COMPANYORU.S. BANCORP INSURANCE COMPANY, INC.
1997-12-22COPPER BANCSHARES, INC.MNLINDEBERG FINANCIAL CORPORATION
1997-12-22ALICE BANCSHARES, INC.MNINDEPENDENT BANCORP OF ARIZONA, INC.

Enforcement Actions in 1997

DateAgencyInstitutionAction
1997-12-15OCC_OTS(individual)Cease and Desist: Kiran A. Phansalkar
1997-12-11OCC_OTS(individual)Termination of Cease and Desist: J. B. Tate, Jr.
1997-12-11OCC_OTS(individual)Orders of Removal/Prohibition: Milton Alfredo Rodriguez
1997-12-08OCC_OTS(individual)Decision/Opinion and Order: Doolin Security SB, FSB
1997-12-04OCC_OTSSHORE HOLDINGS, INC.Supervisory Agreement: Shore Bank
1997-12-03OCC_OTSPEOPLES BUILDING AND LOAN COMPANY, THESupervisory Agreement: The Cheviot Building and Loan Company
1997-11-19OCC_OTSSTERLING GROUP INCSupervisory Agreement: Lee D. Adamanatidis
1997-11-17OCC_OTSFIRST FSBTermination of Cease and Desist: Edmund R. Lehman
1997-11-07OCC_OTSFAMILY SAVINGS BANK FSBOrders of Removal/Prohibition: Gaile D. Amos
1997-11-06OCC_OTSFIRST DAKOTA OF NEW MEXICO, INC.Orders of Removal/Prohibition: Melissa J. Acuna
1997-10-28OCC_OTS(individual)Cease and Desist: Girard SB, FSB
1997-10-28OCC_OTS(individual)Cease and Desist: First Bank of Beveraly Hills, FSB
1997-10-24OCC_OTS(individual)Cease and Desist: George J. Piccoli, Jr.
1997-10-24OCC_OTS(individual)Civil Money Penalty: George J. Piccoli, Jr.
1997-10-22OCC_OTSUNITED BANK OF TEXASOrders of Removal/Prohibition: Ali R. Davoudi
1997-10-14OCC_OTS(individual)Orders of Removal/Prohibition: Christine M. Fox
1997-10-01OCC_OTSFAMILY SAVINGS BANK FSBSupervisory Agreement: Family Bank, FSB
1997-09-26OCC_OTS(individual)Termination of Cease and Desist: Affiliated Computer Systems, Inc.
1997-09-25OCC_OTSFIRST FEDERAL SAVINGS BANK OF NORTH TEXASSupervisory Agreement: First Federal Bank of North Texas
1997-09-08OCC_OTS(individual)Cease and Desist: Ingrid L. Roye
1997-09-08OCC_OTS(individual)Orders of Removal/Prohibition: Ingrid L. Roye
1997-09-05OCC_OTS(individual)Orders of Removal/Prohibition: Rebecca Catino
1997-09-03OCC_OTS(individual)Orders of Removal/Prohibition: Robert P. Gerlofs
1997-08-28OCC_OTSOCEANMARK BANK, A FEDERAL SAVINGS BANKOrders of Removal/Prohibition: Christina Acosta
1997-08-27OCC_OTS(individual)Orders of Removal/Prohibition: Joel N. Fernebok
1997-08-26OCC_OTS(individual)Cease and Desist: Fajardo FSB
1997-08-26OCC_OTSGREAT WESTERN BANK, A FEDERAL SAVINGS BANKOrders of Removal/Prohibition: Martin DeFovres Nguyen
1997-08-19OCC_OTSLIBERTY BANK FOR SAVINGSOrders of Removal/Prohibition: Norine A. D'Ugo
1997-08-11OCC_OTS(individual)Orders of Removal/Prohibition: Kimberly G. McKinley
1997-08-08OCC_OTSFIRST FSBOrders of Removal/Prohibition: Karolyn C. Blum
1997-08-07OCC_OTSFIRST FEDERAL SAVINGS AND LOANSupervisory Agreement: Dr. H. Chester Boston
1997-08-05OCC_OTSKEY FLORIDA BANCORP, INC.Cease and Desist: A. George Igler
1997-08-05OCC_OTSKEY FLORIDA BANCORP, INC.Civil Money Penalty: A. George Igler
1997-07-29OCC_OTS(individual)Termination of Cease and Desist: Hancock SB, FSB
1997-07-24OCC_OTS(individual)Orders of Removal/Prohibition: Karen L. Evert
1997-07-22OCC_OTS(individual)Orders of Removal/Prohibition: Mark S. Todd
1997-06-25OCC_OTSSOUTHEASTERN FINANCIAL CORPORATIONSupervisory Agreement: Southeastern Financial Corporation
1997-06-19OCC_OTSEUREKA HOMESTEADCease and Desist: Roth, Murphy, Sanford & Co.
1997-06-19OCC_OTS(individual)Orders of Removal/Prohibition: Peggy L. Clark
1997-06-04OCC_OTSFIRST FS&LAOrders of Removal/Prohibition: Connie S. Dietrich
1997-06-02OCC_OTS(individual)Orders of Removal/Prohibition: Neta K. Williams
1997-06-02OCC_OTS(individual)Orders of Removal/Prohibition: Thressa D. Debrito-Dorsey
1997-05-30OCC_OTSFIRST FS&LAOrders of Removal/Prohibition: Bettye R. Gallien
1997-05-27OCC_OTSFIRST FS&LA OF LAOrders of Removal/Prohibition: Joan M. Davis
1997-05-27OCC_OTSFIRST FS&LA OF LAOrders of Removal/Prohibition: Josette Reid
1997-05-27OCC_OTS(individual)Orders of Removal/Prohibition: Peter Rodriguez
1997-05-27OCC_OTS(individual)Orders of Removal/Prohibition: Regina Traina
1997-05-21OCC_OTSNINTH WARD FCUSupervisory Agreement: Ninth Ward Savings Bank
1997-05-12OCC_OTS(individual)Orders of Removal/Prohibition: Tonianne M. Milne
1997-05-09OCC_OTS(individual)Cease and Desist: Kim M. Gracey
1997-05-09OCC_OTSMAIN LINE BANCSHARES, INC.Orders of Removal/Prohibition: Stephanie L. Zinni
1997-05-09OCC_OTS(individual)Orders of Removal/Prohibition: Paul E. Pajak
1997-05-09OCC_OTS(individual)Orders of Removal/Prohibition: Kim M. Gracey
1997-05-07OCC_OTS(individual)Orders of Removal/Prohibition: Amanda Stapleton
1997-05-06OCC_OTS(individual)Orders of Removal/Prohibition: Elizabeth Andersen
1997-05-05OCC_OTS(individual)Orders of Removal/Prohibition: Patricia A. Wassil
1997-04-28OCC_OTS(individual)Cease and Desist: Tracy A. Tyner
1997-04-28OCC_OTS(individual)Orders of Removal/Prohibition: Tracy A. Tyner
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Civil Money Penalty: Nutan Sahai
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Civil Money Penalty: Prem Nath Sahai
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Cease and Desist: Sanjay Chatrath
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Civil Money Penalty: Anil Sahai
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Cease and Desist: Mary Clausen
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Civil Money Penalty: Sanjay Chatrath
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Civil Money Penalty: Arun Kalra
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Cease and Desist: Prem Nath Sahai
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Civil Money Penalty: Priti Goel
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Civil Money Penalty: Neena Gupta
1997-04-16OCC_OTS(individual)Orders of Removal/Prohibition: Prem Nath Sahai
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Civil Money Penalty: Subhash Sahai
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Civil Money Penalty: Urmila Sahai
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Civil Money Penalty: Mary Clausen
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Cease and Desist: Subhash Sahai
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Cease and Desist: Subhash Sahai
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Cease and Desist: Urmila Sahai
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Cease and Desist: Susma Sahi
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Cease and Desist: Webster City Medical Service, P.C.
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Civil Money Penalty: Webster City Medical Service, P.C.
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Civil Money Penalty: Sushma Sahai
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Cease and Desist: Anil Sahai
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Cease and Desist: Neena Gupta
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Cease and Desist: Priti Goel
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Cease and Desist: Nutan Sahai
1997-04-16OCC_OTSMID-IOWA BANCSHARES CO.Cease and Desist: Arun Kalra
1997-04-10OCC_OTSF.S.B., INC.Supervisory Agreement: Centennial Savings Bank, F.S.B.
1997-04-04OCC_OTSFIRST FSBCease and Desist: James F. Gibson
1997-04-04OCC_OTSFIRST FSBCivil Money Penalty: James F. Gibson
1997-04-04OCC_OTSFIRST FSBOrders of Removal/Prohibition: James F. Gibson
1997-03-31OCC_OTS(individual)Decision/Opinion and Order: Doolin Security SB, FSB
1997-03-31OCC_OTS(individual)Cease and Desist: Kirby Keith Gordon
1997-03-31OCC_OTSCOMMERCIAL PACIFIC TRUST CO. LTD.Orders of Removal/Prohibition: Kirby Keith Gordon
1997-03-28OCC_OTS(individual)Cease and Desist: Hancock SB, FSB
1997-03-28OCC_OTS(individual)Cease and Desist: Michael E. Taylor
1997-03-24OCC_OTS(individual)Orders of Removal/Prohibition: Eller Hernandez
1997-03-20OCC_OTS(individual)Orders of Removal/Prohibition: Lenard Canta
1997-03-17OCC_OTS(individual)Orders of Removal/Prohibition: Julie Bryant
1997-03-14OCC_OTSEUREKA HOMESTEADOrders of Removal/Prohibition: Paul D. Clayton
1997-03-12OCC_OTS(individual)Orders of Removal/Prohibition: Dennis D. Konstanty
1997-03-06OCC_OTS(individual)Orders of Removal/Prohibition: Veotia R. DaSilva
1997-02-24OCC_OTSSUNBELT FEDERAL SAVINGS, FSBSupervisory Agreement: Bankers Federal Savings, FSB

Browse adjacent years: 1996 · 1998

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