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 |
|---|---|---|
| Oct 11, 1997 | Laurel Bank | Promistar Bank |
| Oct 11, 1997 | Norwest Bank Texas, North Central | Wells Fargo Bank Texas, National Association |
| Oct 11, 1997 | Fayette Bank | Promistar Bank |
| Oct 6, 1997 | First State Bank | Stride Bank, N.A. |
| Oct 4, 1997 | RCSB Financial, Inc. | Charter-Michigan Bancorp, Inc. |
| Oct 4, 1997 | The Rochester Community Savings Bank | Charter One Bank, National Association |
| Oct 4, 1997 | Mercantile Bank | Mercantile Bank of Eastern Iowa |
| Oct 4, 1997 | Wilbur Savings Bank | Ambassador Bank of the Commonwealth |
| Oct 4, 1997 | Mercantile Bank of Dubuque, National Association | Mercantile Bank of Eastern Iowa |
| Oct 2, 1997 | Unity Savings Bank | Oak Hill Banks |
| Oct 2, 1997 | Linden Power Federal Credit Union | P S Burlington Employees Federal Credit Union |
| Oct 2, 1997 | Sparbank, Incorporated | First Midwest Bancorp, Inc. |
| Oct 2, 1997 | United Bank | Prairie Bank of Kansas |
| Oct 2, 1997 | Prime Bank | Prime Bank |
| Oct 2, 1997 | R R B Federal Credit Union | Great Lakes Credit Union |
| Oct 2, 1997 | First Independence Bank of Florida | Colonial Bank |
| Oct 1, 1997 | SBT Bancshares, Inc. | Union Planters Community Bancorp, Inc. |
| Oct 1, 1997 | Southwest Financial Group of Iowa, Inc. | Houghton State Bank |
| Oct 1, 1997 | Farmers Bancshares of Oberlin, Inc. | Gold Banc Acquisition Corp, Inc. II |
| Oct 1, 1997 | Citizens of Hardeman County Financial Services | Union Planters Community Bancorp, Inc. |
| Oct 1, 1997 | Beckley Federal Savings Bank | Bank of Raleigh |
| Oct 1, 1997 | Security Capital Corporation | M&I LLC |
| Oct 1, 1997 | Pacesetter Bank of Montpelier | Pacesetter Bank |
| Oct 1, 1997 | Emerson State Bank | Houghton State Bank |
| Oct 1, 1997 | 0IGHWAY Clippers Federal Credit Union | West Financial Credit Union |
| Oct 1, 1997 | Parky Maryland Federal Credit Union | Freedom of Maryland Federal Credit Union |
| Oct 1, 1997 | Texas Heritage Federal Credit Union | Alliance Credit Union |
| Oct 1, 1997 | Tri-City Federal Credit Union | Hapo Community Credit Union |
| Oct 1, 1997 | Delta Federal Savings, F.S.B. | First Federal Bank of Colorado |
| Oct 1, 1997 | The Whiteville Bank | Union Planters Bank of Southwest Tennessee |
| Oct 1, 1997 | Hawaiian Trust Company, Limited | Bank of Hawaii |
| Oct 1, 1997 | Wolfe Baron State Credit Union | Delco Postal Cu |
| Oct 1, 1997 | Guam Federal Credit Union | Delaware First Federal Credit Union |
| Oct 1, 1997 | Security Bank, S.S.B. | M&I Marshall and Ilsley Bank |
| Oct 1, 1997 | NBD Bank, National Association | Bank One, National Association |
| Oct 1, 1997 | Great Western Bank, a Federal Savings Bank | Washington Mutual Bank |
| Oct 1, 1997 | Stockmens Bank, National Association | Stockmens National Bank |
| Oct 1, 1997 | Thrift Drug Federal Credit Union | Ecu Credit Union |
| Oct 1, 1997 | South Weymouth Savings Bank | South Shore Bank |
| Oct 1, 1997 | Puget Sound Energy Federal Credit Union | Puget Sound Cooperative Credit Union |
| Oct 1, 1997 | Citizens State Bank of Santa Paula | Santa Barbara Bank & Trust, National Association |
| Oct 1, 1997 | Western Division P.S.P.& L. Employees Credit Union | Puget Sound Cooperative Credit Union |
| Oct 1, 1997 | Robbins Tire and Rubber Credit Union | Valley Credit Union |
| Oct 1, 1997 | The Greater New York Savings Bank | Astoria Bank |
| Oct 1, 1997 | City Savings Bank | Pacesetter Bank |
| Oct 1, 1997 | Atlantic Bank, N.A. | TD Bank, N.A. |
| Oct 1, 1997 | Stocktel Federal Credit Union | Central State Credit Union |
| Oct 1, 1997 | Ringling State Bank | First National Bank and Trust Company of Ardmore |
| Oct 1, 1997 | First Bank & Trust of Clarendon | Herring Bank |
| Sep 30, 1997 | FMB Title Services, Inc. | The Huntington National 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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