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 |
|---|---|---|
| Nov 15, 1997 | Heartland Savings Bank | First Mid Bank & Trust, N.A. |
| Nov 15, 1997 | Chase Trust Company of California | J.P. Morgan Trust Company, N.A. |
| Nov 15, 1997 | GB Bancorporation | Zions Bancorporation |
| Nov 15, 1997 | Star Financial Bank, Marion | Star Financial Bank |
| Nov 14, 1997 | First Commercial Bank, SSB | Citizens Bank |
| Nov 14, 1997 | American National Savings Bank, Federal Savings Bank | Crestar Bank |
| Nov 14, 1997 | Glenwood Bancshares, Inc. | Hiawatha Bancshares, Inc. |
| Nov 14, 1997 | Fleet Bank | Fleet National Bank |
| Nov 14, 1997 | Roosevelt Bank | Firstar Bank Missouri, National Association |
| Nov 13, 1997 | Texas Bank | Bayshore National Bank of La Porte |
| Nov 13, 1997 | S&S Machinery Credit Union | Beacon Credit Union Incorporated |
| Nov 11, 1997 | Homestead Bank, S.S.B. | Planters & Merchants State Bank |
| Nov 11, 1997 | 1st United Bancorp | Wachovia Corporation |
| Nov 10, 1997 | Southern Security Bank Corporation | Sun American Bancorp |
| Nov 8, 1997 | Unicorp Bancshares-Texas, Inc. | Hibernia Corporation |
| Nov 8, 1997 | Farmers State Bank of Ferris | Union Bank/West |
| Nov 8, 1997 | Investors Savings Bank of South Carolina, Incorporated | Peoples Federal Savings and Loan Association |
| Nov 8, 1997 | OrangeBank | Hibernia National Bank of Texas |
| Nov 7, 1997 | First State Bank and Trust Company | Peoples Bank & Trust Company |
| Nov 7, 1997 | Regions Bank, National Association | Regions Bank |
| Nov 7, 1997 | Planters Bank and Trust Company of Claiborne Parish | Peoples Bank & Trust Company |
| Nov 7, 1997 | Investors Bancorporation, Inc. | Citizens Bancshares of Woodville, Inc. |
| Nov 6, 1997 | University Bank | International Bank of Commerce |
| Nov 6, 1997 | University Bancshares, Inc. | International Bancshares Corporation |
| Nov 6, 1997 | San Gabriel Valley Bank | Pacific Business Bank |
| Nov 1, 1997 | Citizens Bancorp of Delaware, Inc. | Delaware Financial, Inc. |
| Nov 1, 1997 | CNB Bancshares of Victoria, Inc. | Delaware Financial, Inc. |
| Nov 1, 1997 | Magna Bancorp, Inc. | Union Planters Corporation |
| Nov 1, 1997 | Bancunion Corp. | F & M Merger Corporation |
| Nov 1, 1997 | CBC Bancorp, Ltd. | Popular North America, Inc. |
| Nov 1, 1997 | Pioneer Bancorp, Inc. | Popular North America, Inc. |
| Nov 1, 1997 | First Charter Bancshares, Inc. | First Commercial Corporation |
| Nov 1, 1997 | Pacific National Bank of Nantucket | Fleet National Bank |
| Nov 1, 1997 | F & M Bank-Lancaster | F & M Bank-Fennimore |
| Nov 1, 1997 | Magnolia Federal Bank for Savings | Union Planters Bank of Southern Mississippi |
| Nov 1, 1997 | First New London Savings and Loan Association Incorporated | Liberty Bank |
| Nov 1, 1997 | Tri-County State Bank | Marquette Bank South Dakota, National Association |
| Nov 1, 1997 | (unnamed) | Banco Popular, Illinois |
| Nov 1, 1997 | One Valley Bank, FSB | One Valley Bank, National Association |
| Nov 1, 1997 | Dakota State Bank | Marquette Bank South Dakota, National Association |
| Nov 1, 1997 | National City Bank, Northwest | National City Bank |
| Nov 1, 1997 | Primary Bank | Granite Bank |
| Nov 1, 1997 | National City Bank of Ashland | National City Bank |
| Nov 1, 1997 | Greater York Municipal Employees Federal Credit Union | White Rose Credit Union |
| Nov 1, 1997 | First Bank | First Bank |
| Nov 1, 1997 | National City Bank, Northeast | National City Bank |
| Nov 1, 1997 | First Bank, A Federal Savings Bank | First Bank |
| Nov 1, 1997 | Morehouse School Employees Federal Credit Union | Shreveport Federal Credit Union |
| Nov 1, 1997 | Associated Credit Union | Associated Credit Union |
| Nov 1, 1997 | Van Wert National Bank | Community First Bank & Trust |
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 |
Browse adjacent years: 1996 · 1998
Or jump to a category: Failures · Mergers · Enforcement · Assistance