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 | Assets |
|---|---|---|
| Nov 21, 1997 | Southwest Bank | $27.9M |
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 | Acquirer |
|---|---|---|
| Dec 2, 1997 | County Financial Corporation | Republic Security Financial Corporation |
| Dec 1, 1997 | M G H Federal Credit Union | Indiana Members Credit Union |
| Dec 1, 1997 | First Bank of the Americas | Commercial Bank of New York |
| Dec 1, 1997 | Libertyville Bancorp, Inc. | Wintrust Financial Corporation |
| Dec 1, 1997 | (unnamed) | First Bank of California |
| Dec 1, 1997 | Tobacco Root Federal Credit Union | High Peaks Federal Credit Union |
| Dec 1, 1997 | Eastern American Bank, Federal Savings Bank | Resource Bank |
| Dec 1, 1997 | Comerica Mortgage Corporation | Comerica Bank |
| Dec 1, 1997 | PNC Trust Company of New York | PNC Bank, N.A. |
| Dec 1, 1997 | Guaranty Bancshares Holding Corporation | M C Bancshares, Inc. |
| Dec 1, 1997 | First American Bancorp | Alabama National Bancorporation |
| Dec 1, 1997 | (unnamed) | Union Planters Bank of Southeast Missouri |
| Dec 1, 1997 | First Acadian Bancshares, Inc. | Union Planters Corporation |
| Dec 1, 1997 | Lake Forest Bancorp, Inc. | Wintrust Financial Corporation |
| Dec 1, 1997 | First National Summit Bankshares, Inc. | Community First Bankshares, Inc. |
| Dec 1, 1997 | MD&F Employees Federal Credit Union | Members Credit Union |
| Dec 1, 1997 | Acadian Bank | Union Planters Bank of Louisiana |
| Dec 1, 1997 | Hinsdale Bancorp, Inc. | Wintrust Financial Corporation |
| Dec 1, 1997 | Guaranty Bank & Trust Company of Morgan City | M C Bank & Trust Company |
| Dec 1, 1997 | PNC National Bank of Delaware | PNC Bank, Delaware |
| Dec 1, 1997 | Fillmore Building & Loan Association | Port Richmond Savings |
| Dec 1, 1997 | PNC Mortgage Bank, N.A. | PNC Bank, N.A. |
| Nov 29, 1997 | Western Community Bank | WestStar Bank |
| Nov 29, 1997 | Signet Bank | Wachovia Bank, N.A. |
| Nov 29, 1997 | Signet Banking Corporation | Wachovia Corporation |
| Nov 29, 1997 | Daniel Employees Credit Union | Members Choice Credit Union |
| Nov 25, 1997 | Republic National Bancorp, Inc. | Community First Bankshares, Inc. |
| Nov 24, 1997 | First Security Bank of Wyoming | Wells Fargo Trust Company, N.A. |
| Nov 24, 1997 | Mount Carmel M B C Credit Union | Wright-Dunbar Area Credit Union, Inc. |
| Nov 24, 1997 | Southlake Bancshares, Inc. | First Financial Bankshares of Delaware, Inc. |
| Nov 24, 1997 | Roscoe Financial Services, Inc. | Roscoe Community Bankshares, Inc. |
| Nov 23, 1997 | Citizens National Bank of Madison | River Valley Financial Bank |
| Nov 22, 1997 | Mercantile Bank, FSB | Mercantile Bank of Eastern Iowa |
| Nov 22, 1997 | First Bank of Deer Park | Bayshore National Bank of La Porte |
| Nov 22, 1997 | First Bank | LegacyTexas Bank |
| Nov 22, 1997 | First Southeast Financial Corporation | The South Financial Group, Inc. |
| Nov 22, 1997 | Naval Hospital Credit Union | Navy Federal Credit Union |
| Nov 22, 1997 | First Federal Savings and Loan Association of Anderson | Carolina First Bank |
| Nov 22, 1997 | Norwest Bank Texas, South Central | Wells Fargo Bank Texas, National Association |
| Nov 22, 1997 | Texas National Bank of Baytown | Bayshore National Bank of La Porte |
| Nov 22, 1997 | Charter State Bank | First National Bank |
| Nov 22, 1997 | The First National Bank of Wilcox | Iowa - Nebraska State Bank |
| Nov 21, 1997 | Apci Plant 4 Federal Credit Union | Apci Federal Credit Union |
| Nov 21, 1997 | Mercantile Bank of Naples | First National Bank of Florida |
| Nov 20, 1997 | Hazelton Bancshares, Inc. | Bank of Hazelton |
| Nov 15, 1997 | Star Financial Bank, Columbia City, Indiana | Star Financial Bank |
| Nov 15, 1997 | Star Financial Bank, New Castle, Indiana | Star Financial Bank |
| Nov 15, 1997 | First American Bank, National Association | Bremer Bank, National Association |
| Nov 15, 1997 | The Chase Manhattan Trust Company of California, N.A. | J.P. Morgan Trust Company, N.A. |
| Nov 15, 1997 | Farmers State Bank | The Farmers State Bank of Union City |
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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