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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
Aug 30, 1997 Centerpoint Bank NH CFX Bank
Aug 30, 1997 Barnett Bank of Southeast Georgia National Association GA Barnett Bank, National Association
Aug 30, 1997 Appleton City Bancshares, Inc. MO Community First Bancshares, Inc.
Aug 29, 1997 The Bank of New Haven CT Citizens Bank of Connecticut
Aug 29, 1997 The Bank of Ocilla, Georgia GA Citizens Security Bank
Aug 29, 1997 Irwin Bancorp, Inc. GA Ameris Bancorp
Aug 26, 1997 Fort Wayne Police Department Federal Credit Union IN Fire Police City County Federal Credit Union
Aug 25, 1997 Burleson State Bank TX First State Bank of Texas
Aug 23, 1997 Riverside Bancshares, Inc. LA Mansfield Bancshares, Inc.
Aug 23, 1997 Citizens Savings Bank F.S.B. MD Provident Bank of Maryland
Aug 23, 1997 The Exchange State Bank KS Cornerbank
Aug 23, 1997 Mark Twain Illinois Bank IL Firstar Bank Missouri, National Association
Aug 23, 1997 Journal Employees Credit Union IA The Municipal Federal Credit Union
Aug 23, 1997 Mansfield Bank and Trust Company LA Community Bank of Louisiana
Aug 23, 1997 Progressive Bank, National Association-Bellaire OH Progressive Bank, N.A.
Aug 23, 1997 Mercantile Bank of Illinois IL Firstar Bank Missouri, National Association
Aug 22, 1997 West Columbia National Bank TX Norwest Bank Texas, South Central
Aug 22, 1997 The Farmers National Bank of Geneseo IL Wells Fargo Bank Illinois, National Association
Aug 18, 1997 Libsab Bancorp, Inc. KY Peoples First Corporation
Aug 16, 1997 Boatmen's Arkansas, Inc AR NB Holdings Corporation
Aug 16, 1997 Boatmen's Bancshares of Iowa, Inc. MO NB Holdings Corporation
Aug 16, 1997 Regions Bank of Tennessee TN Regions Bank
Aug 16, 1997 Boatmen's Sunwest, Inc. NM NB Holdings Corporation
Aug 16, 1997 Boatmen's Bank Iowa, National Association IA Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Arkansas AR Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Batesville AR Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Hobbs, National Association NM Bank of America, N.A.
Aug 16, 1997 Boatmen's Bank of Fort Dodge IA Bank of America, N.A.
Aug 16, 1997 Boatmen's Bank of North Iowa IA Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Russellville AR Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Gallup NM Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Rio Arriba, National Association NM Bank of America, N.A.
Aug 16, 1997 First National Bank of Houma LA Whitney National Bank
Aug 16, 1997 Boatmen's National Bank of Northwest Iowa IA Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Newark AR Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Northwest Arkansas AR Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Clovis, National Association NM Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Roswell, National Association NM Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of South Arkansas AR Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Albuquerque, National Association NM Bank of America, N.A.
Aug 16, 1997 Guaranty Federal Savings Bank TN Union Planters Bank of Kentucky, National Association
Aug 16, 1997 Boatmen's National Bank of North Central Arkansas AR Bank of America, N.A.
Aug 16, 1997 Tri-State Bank ID Zions Bancorporation, N.A.
Aug 16, 1997 SUNWEST Bank of Santa Fe NM Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Las Cruces, National Association NM Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Conway AR Bank of America, N.A.
Aug 16, 1997 Boatmen's Bank of Northeast Arkansas AR Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Hot Springs AR Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Pine Bluff AR Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Raton, National Association NM Bank of America, N.A.

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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