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 1, 1997 | Capitol Bank and Trust | Banco Popular, Illinois |
| Nov 1, 1997 | F & M Bank-Potosi | F & M Bank-Fennimore |
| Nov 1, 1997 | Farmers and Merchants Bank | Marquette Bank South Dakota, National Association |
| Nov 1, 1997 | Scott County Educational Federal Credit Union | Jackson Area Federal Credit Union |
| Nov 1, 1997 | Capitol Bank of Westmont | Banco Popular, Illinois |
| Nov 1, 1997 | Bank of South Dakota | Marquette Bank South Dakota, National Association |
| Nov 1, 1997 | River Associates Bancorp., Inc. | Popular North America, Inc. |
| Nov 1, 1997 | CNB Financial Corporation | Big Lake Financial Corporation |
| Nov 1, 1997 | Chessie-Newport News Credit Union | Bayport Federal Credit Union |
| Nov 1, 1997 | First State Bank of Uniontown | First National Bank of West Point |
| Nov 1, 1997 | Jefferson Bankshares, Inc. | Wachovia Corporation |
| Oct 31, 1997 | Triangle Bank Leasing Corp. | Triangle Bancorp, Inc. |
| Oct 31, 1997 | The Bank of Winter Park | The Huntington National Bank |
| Oct 31, 1997 | U. S. Bancorp, Inc. | Manufacturers Bank |
| Oct 31, 1997 | Egyptian Bancshares, Inc. | Community Financial Corp. |
| Oct 31, 1997 | Mi-Val B.U.C. Credit Union, Inc. | Day Air Credit Union, Inc. |
| Oct 31, 1997 | First Federal Savings & Loan Association of Chilton County | SouthFirst Bank |
| Oct 31, 1997 | Hath Federal Credit Union | Valley Federal Credit Union |
| Oct 30, 1997 | Atlanta Canco Federal Credit Union | Center Parc Credit Union |
| Oct 29, 1997 | Alhambra Federal Credit Union | F & a Federal Credit Union |
| Oct 29, 1997 | St. Marys Madison Federal Credit Union | Revity Credit Union |
| Oct 28, 1997 | Houston National Bank | Sterling Bank |
| Oct 25, 1997 | Jcpenney National Bank | The First National Bank of Wyoming |
| Oct 25, 1997 | Cushnoc Bank and Trust Company | Northeast Bank |
| Oct 25, 1997 | Prime Bank of Puerto Rico | Eurobank |
| Oct 25, 1997 | Union Bank/Sandwich | Centrue Bank |
| Oct 21, 1997 | Community Bancorporation | Americanwest Bancorporation |
| Oct 20, 1997 | Enterprise National Bank of Sarasota | Provident Bank of Florida |
| Oct 20, 1997 | Premier Bank-Central, National Association | First Vantage Bank /Tri-Cities |
| Oct 20, 1997 | Premier Bank, National Association | First Virginia Bank - Clinch Valley |
| Oct 18, 1997 | Boatmen's Bank of Tennessee | NationsBank of Tennessee, National Association |
| Oct 18, 1997 | Farmers & Merchants Bank of Trenton | Capital City Bank |
| Oct 18, 1997 | (unnamed) | Mercantile Bank of Central Missouri |
| Oct 18, 1997 | Continental Bank | Reliance Federal Savings Bank |
| Oct 18, 1997 | Branford State Bank | Capital City Bank |
| Oct 18, 1997 | Southwest Financial Bank and Trust Company | Suburban Bank & Trust Company |
| Oct 18, 1997 | Levy County State Bank | Capital City Bank |
| Oct 18, 1997 | AMCORE Bank, Belleville | Amcore Bank, National Association, South Central |
| Oct 17, 1997 | People's Bank and Trust Company | Old National Bank |
| Oct 17, 1997 | Sun State Bank | Nevada State Bank |
| Oct 17, 1997 | First Winnebago Corporation | Centre 1 Bancorp, Inc. |
| Oct 17, 1997 | Bank of Boston Connecticut | Fleet National Bank |
| Oct 17, 1997 | Sun State Capital Corporation | Zions Bancorporation |
| Oct 15, 1997 | (unnamed) | Cornerstone Community Bank |
| Oct 14, 1997 | The Old Phoenix National Bank of Medina | Firstmerit Bank, National Association |
| Oct 14, 1997 | EST National Bank | Firstmerit Bank, National Association |
| Oct 11, 1997 | SC Bancorp | Western Bancorp |
| Oct 11, 1997 | Tampico National Bank | UnionBank/Central |
| Oct 11, 1997 | Norwest Bank Texas, South, National Association | Wells Fargo Bank Texas, National Association |
| Oct 11, 1997 | The First National Bank of Manlius | UnionBank/Central |
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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