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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 22, 1997 First Tule Bancorp, Inc. MN Blackhawk Bancorporation
Dec 22, 1997 Comfort Bancshares, Inc. MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 La Porte Bancorp MN Lindeberg Financial Corporation
Dec 22, 1997 Ken-Caryl Investment Company MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 New Braunfels Bancshares, Inc. MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 Am-Can Investments, Inc. MN Blackhawk Bancorporation
Dec 22, 1997 Peoples State Bank, National Association WV City National Bank of West Virginia
Dec 22, 1997 The Home National Bank of Sutton WV City National Bank of West Virginia
Dec 22, 1997 Alexandria Securities and Investment Company MN Lindeberg Financial Corporation
Dec 22, 1997 United Texas Financial Corporation MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 Bank of Montana System MT Lindeberg Financial Corporation
Dec 22, 1997 Bank of Ripley, National Association WV City National Bank of West Virginia
Dec 22, 1997 Blue Ridge Bank, National Association WV City National Bank of West Virginia
Dec 22, 1997 Dickinson Bancorporation, Inc. MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 Babbscha Company MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 D.L. Bancshares, Inc. MN Lindeberg Financial Corporation
Dec 19, 1997 West-Ark Bancshares, Inc. AR First Commercial Corporation
Dec 17, 1997 Bank Corporation of Georgia GA Century South Banks, Inc.
Dec 16, 1997 Charlotte Observer Employees Credit Union NC Skyla Federal Credit Union
Dec 16, 1997 Entenmanns Employees Credit Union IL Meadows Credit Union
Dec 16, 1997 National Bank of Southern California CA Southern California Bank
Dec 15, 1997 Central Fidelity Banks, Inc. VA Wachovia Corporation
Dec 13, 1997 Citizens Bank of Talladega AL First Citizens Bank
Dec 13, 1997 West Branch State Bank IA First National Bank Iowa
Dec 13, 1997 (unnamed) — Firstar Bank Missouri, National Association
Dec 12, 1997 Zappco, Inc. MN U.S. Bancorp
Dec 12, 1997 Kearny Postal Employees Credit Union NJ Montclair Postal Employees Credit Union
Dec 12, 1997 Citizens Gwinnett Bankshares, Inc. GA Premier Bancshares, Inc.
Dec 11, 1997 Ekco Employees Fcu PA West Branch Valley Federal Credit Union
Dec 9, 1997 Rmi, Inc. WV City National Bank of West Virginia
Dec 8, 1997 Heritage Bank MO Legends Bank
Dec 6, 1997 Bankboyton, a Federal Savings Bank FL Fidelity Federal Bank & Trust
Dec 6, 1997 Marshalltown Savings Bank, FSB IA Home Federal Savings Bank
Dec 6, 1997 Citizens State Bank MO Metropolitan National Bank
Dec 6, 1997 Bank One, Oklahoma City OK Bank One, Oklahoma, National Association
Dec 6, 1997 First National Bank of the Berkshires MA Legacy Banks
Dec 6, 1997 Liberty Bank and Trust Company of Tulsa, National Association OK Bank One Trust Company, N.A.
Dec 5, 1997 Metropolitan Bancshares, Inc. MO Metropolitan National Bank
Dec 5, 1997 High Desert National Bank CA Business Bank of California
Dec 5, 1997 First National Bank of Grapevine TX First State Bank of Texas
Dec 5, 1997 Combancorp CA Popular North America, Inc.
Dec 4, 1997 Menomonie Shares, Inc. WI Dairy State Bancorp, Inc.
Dec 4, 1997 Menomonie Financial Services, Inc. WI Dairy State Bancorp, Inc.
Dec 4, 1997 Talco, Inc. WI Dairy State Bancorp, Inc.
Dec 2, 1997 Amboy Bancorporation NJ Amboy Bancorporation
Dec 2, 1997 County National Bank of South Florida FL Republic Security Bank
Dec 2, 1997 Cascade Community Bank WA Columbia State Bank
Dec 2, 1997 Cascade Bancorp, Inc. WA Columbia Banking System, Inc.
Dec 2, 1997 Golden Bancshares, Inc. IL Mercantile Bancorp, Inc.
Dec 2, 1997 Bank of Fife WA Columbia State Bank

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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