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Calendar Year

1997 in US Banking

1,527 bank events are on record for 1997: 1 failure, 1,240 mergers or acquisitions involving a bank, credit union or bank holding company, and 286 enforcement actions.

1
Failures
$27.9M in failed assets
1,240
Mergers
Federal Reserve NIC, banking organizations
286
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings

Jump to: Bank failures 1997 · Bank mergers 1997

How many banks failed in 1997?

1 bank failed in 1997, with $27.9M in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Nov 21, 1997 Southwest Bank Jennings, LA $27.9M First Southwest Bank

Which banks merged in 1997?

1,240 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1997.

See the fuller list: Bank mergers 1997 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Dec 31, 1997 Plains Service Corporation TX PlainsCapital Bank
Dec 31, 1997 Comerica Community Development Corporation MI Comerica Bank
Dec 31, 1997 First Bank of Beverly Hills, State Savings Bank CA First Bank of Beverly Hills
Dec 31, 1997 Consolidated Computer Center, Inc. OH The Park National Bank
Dec 31, 1997 Iowa Financial Bancorporation MN Lakeside Credit Co., Inc.
Dec 31, 1997 The Farmers and Savings Bank, Loudonville, Ohio OH First-Knox National Bank
Dec 31, 1997 Lowell Sun Employees Credit Union MA Jeanne D'Arc Credit Union
Dec 31, 1997 Langdon Bancshares, Inc. ND F & M Bancshares, Inc.
Dec 31, 1997 Culver National Bank CA Bank of Los Angeles
Dec 31, 1997 B. P. Corporation MN Lakeside Credit Co., Inc.
Dec 31, 1997 Alma Bancshares Corporation MO C.S. Bancshares, Inc.
Dec 31, 1997 Central Kansas Bankshares, Inc. KS Central Financial Corporation
Dec 31, 1997 Houston Bancorporation, Inc. TX Popular North America, Inc.
Dec 31, 1997 Coban, Inc. OR The Commercial Bank
Dec 31, 1997 C D S Employees Credit Union IL Valley Bell Credit Union
Dec 31, 1997 (unnamed) — Enterprise Banking, National Association
Dec 31, 1997 The Crockett State Bank TX First National Bank of Huntsville
Dec 31, 1997 Lytton Corporation CA Comerica Holdings Incorporated
Dec 31, 1997 (unnamed) — Sun Security Bank of America
Dec 31, 1997 Firstmondovi, Inc. WI Gebsco, Inc.
Dec 31, 1997 Flagship Bank FSB CA International City Bank Federal Savings Bank
Dec 31, 1997 PNC Bank, Kentucky, Inc. KY PNC Bank, N.A.
Dec 31, 1997 P N C Bank, Indiana, Inc. IN PNC Bank, N.A.
Dec 31, 1997 Atlas Federal Credit Union PA First Commonwealth Federal Credit Union
Dec 31, 1997 Humboldt Bancshares, Inc. KS CGB Acquisition Corporation
Dec 31, 1997 PNC Bank, Ohio, National Association OH PNC Bank, N.A.
Dec 31, 1997 Our Own Hardware Employees Credit Union MN MY Credit Union
Dec 30, 1997 Ford Bank Group, Inc. MN United New Mexico Financial Corporation
Dec 30, 1997 First National Bank of Dayton TX Paradigm Bank Texas
Dec 29, 1997 First Tule Bancorp of Delaware, Inc. DE Blackhawk Bancorporation
Dec 29, 1997 Colorado Business Bank, National Association CO CoBiz Bank
Dec 29, 1997 Bancshares Holding Company DE Independent Bancorp of Arizona, Inc.
Dec 29, 1997 Premier Trust Company VA First Virginia Bank
Dec 29, 1997 Ford Bank Group Holdings, Inc. DE Ford Bank Group, Inc.
Dec 23, 1997 Summit Credit Corp. NJ Summit Bancorp.
Dec 23, 1997 First Interstate Bank, FSB MT First Interstate Bank
Dec 23, 1997 Carolina State Bank NC First Charter Bank
Dec 22, 1997 American Republic Bancshares, Inc. MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 Wyoming National Bancorporation WY Blackhawk Bancorporation
Dec 22, 1997 The Merchants National Bank of Montgomery WV City National Bank of West Virginia
Dec 22, 1997 Alice Bancshares, Inc. MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 Peoples National Bank WV City National Bank of West Virginia
Dec 22, 1997 First State Bank and Trust, National Association WV City National Bank of West Virginia
Dec 22, 1997 Copper Bancshares, Inc. MN Lindeberg Financial Corporation
Dec 22, 1997 Norwest Indiana, Inc. IN Blackhawk Bancorporation
Dec 22, 1997 Goldenbanks of Colorado, Inc. MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 The Old National Bank of Huntington WV City National Bank of West Virginia
Dec 22, 1997 Parker Bankshares, Incorporated MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 The First National Bank of Hinton WV City National Bank of West Virginia
Dec 22, 1997 Valley-Hi Investment Company MN Independent Bancorp of Arizona, Inc.

The list holds 500 of the 1,240 mergers recorded for 1997.

Enforcement Actions in 1997

Action date Agency Institution Action
Oct 17, 1997 OCC Rock Hill National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Yarborough, Lisa H.
Oct 17, 1997 OCC Rock Hill National Bank C&D or PC&D Requiring Restitution: Yarborough, Lisa H.
Oct 15, 1997 OCC DNB National Bank Formal Agreement: Deuel County National Bank
Oct 14, 1997 OCC_OTS (individual) Orders of Removal/Prohibition: Christine M. Fox
Oct 2, 1997 OCC Wells Fargo Bank, National Association C&D or PC&D Requiring Restitution: Barnes, De'Lisa
Oct 2, 1997 OCC Wells Fargo Bank, National Association Prohibition/Removal Orders: Barnes, De'Lisa
Oct 1, 1997 OCC_OTS Family Bank FSB Supervisory Agreement: Family Bank, FSB
Sep 26, 1997 OCC_OTS (individual) Termination of Cease and Desist: Affiliated Computer Systems, Inc.
Sep 25, 1997 OCC_OTS First Federal Savings Bank of North Texas Supervisory Agreement: First Federal Bank of North Texas
Sep 25, 1997 OCC Ocala National Bank Formal Agreement: Ocala National Bank
Sep 23, 1997 OCC Wells Fargo Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Nelson, Timothy E.
Sep 23, 1997 OCC Wells Fargo Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): McKeith, Ann Tran
Sep 18, 1997 OCC Peoples National Bank of Commerce Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Peoples National Bank Of Commerce
Sep 17, 1997 FRB Skandinaviska Enskilda Banken Funding Inc. Civil Money Penalty $200,000: Skandinaviska Enskilda Banken, Stockholm, Sweden, Skandinaviska Enskilda Banken, New York, …
Sep 17, 1997 FRB Skandinaviska Enskilda Banken Funding Inc. Cease and Desist Order: Skandinaviska Enskilda Banken, Stockholm, Sweden, Skandinaviska Enskilda Banken, New York, …
Sep 16, 1997 OCC First National Bank of Steeleville Civil Money Penalty (CMP): Eads, Kerry
Sep 15, 1997 OCC (individual) Prohibition/Removal Orders: McClean, David
Sep 15, 1997 OCC Bank One, Colorado, National Association C&D or PC&D Requiring Restitution: McClean, David
Sep 12, 1997 OCC The First National Bank of Holdrege Formal Agreement: The First National Bank of Holdrege
Sep 12, 1997 OCC First National Bank in Pawhuska Formal Agreement: First National Bank In Pawhuska
Sep 8, 1997 OCC_OTS Astoria Federal Savings and Loan Association Revocable Grantor Trust Orders of Removal/Prohibition: Ingrid L. Roye
Sep 8, 1997 OCC_OTS Astoria Financial Corporation Cease and Desist: Ingrid L. Roye
Sep 5, 1997 OCC Bank of America, N.A. C&D or PC&D Requiring Restitution: Washington, Brenda L.
Sep 5, 1997 OCC_OTS North Penn Savings Association Orders of Removal/Prohibition: Rebecca Catino
Sep 5, 1997 OCC Bank of America, N.A. Prohibition/Removal Orders: Washington, Brenda L.
Sep 5, 1997 OCC Wells Fargo Bank (Arizona), N.A. Prohibition/Removal Orders: Cicconi, Helene
Sep 3, 1997 OCC_OTS Commercial Federal Bank, a Federal Savings Bank Orders of Removal/Prohibition: Robert P. Gerlofs
Aug 28, 1997 OCC_OTS Oceanmark Bank, a Federal Savings Bank Orders of Removal/Prohibition: Christina Acosta
Aug 27, 1997 OCC First National Bank of Holcomb Formal Agreement: First National Bank Of Holcomb
Aug 27, 1997 OCC_OTS Colombo Bancshares, Inc. Orders of Removal/Prohibition: Joel N. Fernebok
Aug 26, 1997 OCC_OTS Great Western Bank, a Federal Savings Bank Orders of Removal/Prohibition: Martin DeFovres Nguyen
Aug 26, 1997 OCC_OTS Fajardo Federal Savings Bank Cease and Desist: Fajardo FSB
Aug 25, 1997 OCC First National Bank of Newton Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Newton
Aug 25, 1997 OCC Bank of America, N.A. Prohibition/Removal Orders: Nguyen, Julie
Aug 19, 1997 OCC_OTS Liberty Bank for Savings Orders of Removal/Prohibition: Norine A. D'Ugo
Aug 18, 1997 OCC Banco Nacional, N.A. Prohibition/Removal Orders: Morris, John
Aug 18, 1997 OCC First National Bank and Trust Company Prohibition/Removal Orders: Towe, Edward
Aug 18, 1997 OCC First National Bank and Trust Company Prohibition/Removal Orders: Towe, Thomas E.
Aug 18, 1997 OCC Banco Nacional, N.A. Civil Money Penalty (CMP): Morris-Coll, John Alexander
Aug 14, 1997 OCC Heartland Bank Formal Agreement: Heartland Bank, National Association
Aug 12, 1997 FRB Bank of Lenawee Prohibition from Banking: Gregory D. Cannon
Aug 11, 1997 OCC_OTS Magnolia Federal Bank for Savings Orders of Removal/Prohibition: Kimberly G. McKinley
Aug 8, 1997 OCC First National Bank of Lake City & Creede Prohibition/Removal Orders: Nelson, Martha R.
Aug 8, 1997 OCC_OTS (individual) Orders of Removal/Prohibition: Karolyn C. Blum
Aug 7, 1997 OCC_OTS (individual) Supervisory Agreement: Dr. H. Chester Boston
Aug 6, 1997 OCC Bank of America, N.A. C&D or PC&D Requiring Restitution: Ford, Monica Lynn
Aug 6, 1997 OCC Bank of America, N.A. Prohibition/Removal Orders: Ford, Monica Lynn
Aug 5, 1997 OCC Key Florida Bancorp, Inc. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Igler, A. George
Aug 5, 1997 OCC_OTS Key Florida Bancorp, Inc. Civil Money Penalty: A. George Igler
Aug 5, 1997 OCC_OTS Key Florida Bancorp, Inc. Cease and Desist: A. George Igler

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