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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
Dec 31, 1997 Plains Service Corporation TX PlainsCapital Bank
Dec 31, 1997 Comerica Community Development Corporation MI Comerica Bank
Dec 31, 1997 First Bank of Beverly Hills, State Savings Bank CA First Bank of Beverly Hills
Dec 31, 1997 Consolidated Computer Center, Inc. OH The Park National Bank
Dec 31, 1997 Iowa Financial Bancorporation MN Lakeside Credit Co., Inc.
Dec 31, 1997 The Farmers and Savings Bank, Loudonville, Ohio OH First-Knox National Bank
Dec 31, 1997 Lowell Sun Employees Credit Union MA Jeanne D'Arc Credit Union
Dec 31, 1997 Langdon Bancshares, Inc. ND F & M Bancshares, Inc.
Dec 31, 1997 Culver National Bank CA Bank of Los Angeles
Dec 31, 1997 B. P. Corporation MN Lakeside Credit Co., Inc.
Dec 31, 1997 Alma Bancshares Corporation MO C.S. Bancshares, Inc.
Dec 31, 1997 Central Kansas Bankshares, Inc. KS Central Financial Corporation
Dec 31, 1997 Houston Bancorporation, Inc. TX Popular North America, Inc.
Dec 31, 1997 Coban, Inc. OR The Commercial Bank
Dec 31, 1997 C D S Employees Credit Union IL Valley Bell Credit Union
Dec 31, 1997 (unnamed) — Enterprise Banking, National Association
Dec 31, 1997 The Crockett State Bank TX First National Bank of Huntsville
Dec 31, 1997 Lytton Corporation CA Comerica Holdings Incorporated
Dec 31, 1997 (unnamed) — Sun Security Bank of America
Dec 31, 1997 Firstmondovi, Inc. WI Gebsco, Inc.
Dec 31, 1997 Flagship Bank FSB CA International City Bank Federal Savings Bank
Dec 31, 1997 PNC Bank, Kentucky, Inc. KY PNC Bank, N.A.
Dec 31, 1997 P N C Bank, Indiana, Inc. IN PNC Bank, N.A.
Dec 31, 1997 Atlas Federal Credit Union PA First Commonwealth Federal Credit Union
Dec 31, 1997 Humboldt Bancshares, Inc. KS CGB Acquisition Corporation
Dec 31, 1997 PNC Bank, Ohio, National Association OH PNC Bank, N.A.
Dec 31, 1997 Our Own Hardware Employees Credit Union MN MY Credit Union
Dec 30, 1997 Ford Bank Group, Inc. MN United New Mexico Financial Corporation
Dec 30, 1997 First National Bank of Dayton TX Paradigm Bank Texas
Dec 29, 1997 First Tule Bancorp of Delaware, Inc. DE Blackhawk Bancorporation
Dec 29, 1997 Colorado Business Bank, National Association CO CoBiz Bank
Dec 29, 1997 Bancshares Holding Company DE Independent Bancorp of Arizona, Inc.
Dec 29, 1997 Premier Trust Company VA First Virginia Bank
Dec 29, 1997 Ford Bank Group Holdings, Inc. DE Ford Bank Group, Inc.
Dec 23, 1997 Summit Credit Corp. NJ Summit Bancorp.
Dec 23, 1997 First Interstate Bank, FSB MT First Interstate Bank
Dec 23, 1997 Carolina State Bank NC First Charter Bank
Dec 22, 1997 American Republic Bancshares, Inc. MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 Wyoming National Bancorporation WY Blackhawk Bancorporation
Dec 22, 1997 The Merchants National Bank of Montgomery WV City National Bank of West Virginia
Dec 22, 1997 Alice Bancshares, Inc. MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 Peoples National Bank WV City National Bank of West Virginia
Dec 22, 1997 First State Bank and Trust, National Association WV City National Bank of West Virginia
Dec 22, 1997 Copper Bancshares, Inc. MN Lindeberg Financial Corporation
Dec 22, 1997 Norwest Indiana, Inc. IN Blackhawk Bancorporation
Dec 22, 1997 Goldenbanks of Colorado, Inc. MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 The Old National Bank of Huntington WV City National Bank of West Virginia
Dec 22, 1997 Parker Bankshares, Incorporated MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 The First National Bank of Hinton WV City National Bank of West Virginia
Dec 22, 1997 Valley-Hi Investment Company MN Independent Bancorp of Arizona, Inc.

The list holds 500 of the 1,240 mergers recorded for 1997.

Enforcement Actions in 1997

Action date Agency Institution Action
Aug 5, 1997 OCC Rosemount National Bank Formal Agreement: Rosemount National Bank
Jul 30, 1997 OCC Tri-County National Bank Civil Money Penalty (CMP): Swenson, Dale E.
Jul 29, 1997 OCC_OTS Hancock Savings Bank Termination of Cease and Desist: Hancock SB, FSB
Jul 25, 1997 OCC First National Bank and Trust Company Civil Money Penalty (CMP): Towe, Edward
Jul 25, 1997 OCC Bank of America, N.A. Prohibition/Removal Orders: Carcamo, Jocelyn
Jul 25, 1997 OCC First National Bank and Trust Company Civil Money Penalty (CMP): Towe, Thomas
Jul 24, 1997 OCC_OTS Ladysmith Federal Savings & Loan Association Orders of Removal/Prohibition: Karen L. Evert
Jul 23, 1997 OCC Clewiston National Bank Formal Agreement: Clewiston National Bank
Jul 22, 1997 OCC_OTS Fidelity Federal Bank, a Federal Savings Bank Orders of Removal/Prohibition: Mark S. Todd
Jul 21, 1997 OCC Wells Fargo Bank, N.A. Prohibition/Removal Orders: McCallum, Carole
Jul 17, 1997 OCC (individual) Prohibition/Removal Orders: Carrell, Cheryl
Jul 11, 1997 FRB (individual) Civil Money Penalty $900,000: Postipankki Ltd., Helsinki, Finland and Postipankki Ltd., New York, NY
Jul 8, 1997 OCC Bank of America, N.A. Prohibition/Removal Orders: Mesina, Michelle A.
Jun 25, 1997 OCC_OTS Southeastern Financial, Inc. Supervisory Agreement: Southeastern Financial Corporation
Jun 25, 1997 FRB Credit Lyonnais Prohibition from Banking: David A. Kuhn
Jun 23, 1997 FRB Zia New Mexico Bank Cease and Desist Order: G. A. Poling
Jun 23, 1997 FRB Zia New Mexico Bank Cease and Desist Order: Zia New Mexico Bank, Tucumcari, NM
Jun 20, 1997 OCC McAllen National Bank Formal Agreement: McAllen National Bank
Jun 19, 1997 OCC_OTS Community Bank of Excelsior Springs, a SB Orders of Removal/Prohibition: Peggy L. Clark
Jun 19, 1997 OCC_OTS Eureka Homestead Cease and Desist: Roth, Murphy, Sanford & Co.
Jun 16, 1997 OCC Metrobank of Philadelphia, N.A. Prohibition/Removal Orders: Weisbein, Raymond G.
Jun 16, 1997 OCC Metrobank of Philadelphia, N.A. Civil Money Penalty (CMP): Weisbein, Raymond G.
Jun 11, 1997 OCC Omni National Bank Formal Agreement: United National Bank
Jun 5, 1997 OCC First Union Bank International Prohibition/Removal Orders: Guarduci, John M.
Jun 4, 1997 FRB (individual) Cease and Desist Order: Michael Quinn
Jun 4, 1997 OCC_OTS First Federal Savings and Loan Association Orders of Removal/Prohibition: Connie S. Dietrich
Jun 2, 1997 OCC_OTS Local America Bank of Tulsa, A Federal Savings Bank Orders of Removal/Prohibition: Thressa D. Debrito-Dorsey
Jun 2, 1997 OCC_OTS Superior Financial Services, Inc Orders of Removal/Prohibition: Neta K. Williams
May 30, 1997 OCC_OTS First Federal Savings & Loan Association Orders of Removal/Prohibition: Bettye R. Gallien
May 30, 1997 OCC The First National Bank of Holland Formal Agreement: The First National Bank Of Holland
May 30, 1997 OCC (individual) Formal Agreement: Morgan Bank, N.A.
May 29, 1997 OCC Preston North National Bank Formal Agreement: Preston National Bank
May 29, 1997 FRB (individual) Prohibition from Banking: Donald G. Austin
May 29, 1997 OCC First National Bank of Sulphur Springs Formal Agreement: First National Bank of Sulphur Springs
May 28, 1997 FRB (individual) Written Agreement: John Widmer
May 27, 1997 OCC_OTS Sunrise Bancorp, Inc. Orders of Removal/Prohibition: Regina Traina
May 27, 1997 OCC_OTS (individual) Orders of Removal/Prohibition: Peter Rodriguez
May 27, 1997 OCC_OTS First Federal Savings and Loan Association of Rochester Orders of Removal/Prohibition: Josette Reid
May 27, 1997 OCC_OTS First Federal Savings and Loan Association of Rochester Orders of Removal/Prohibition: Joan M. Davis
May 23, 1997 FRB The Bank of Yokohama, Ltd. Civil Money Penalty $5,000: Toshihiko Araki
May 22, 1997 OCC Bank of America, N.A. Prohibition/Removal Orders: Mkhitaraian, Armenui
May 21, 1997 OCC_OTS Ninth Ward Savings and Loan Association Supervisory Agreement: Ninth Ward Savings Bank
May 20, 1997 FRB Provident Bancorp of Texas, Inc. Civil Money Penalty $1,500: T. Stuart Ducote
May 19, 1997 FRB Provident Bancorp of Texas, Inc. Civil Money Penalty $100,000 (collecively with John Averett): Michael L. Riddle
May 19, 1997 FRB Provident Bancorp of Texas, Inc. Civil Money Penalty $100,000 (collectively with Michael L. Riddle): John Averett
May 19, 1997 FRB Provident Bancorp of Texas, Inc. Civil Money Penalty $20,000: Park Jones
May 19, 1997 FRB Crestar Securities Corporation Cease and Desist Order: Robert L. McCook
May 17, 1997 OCC Wells Fargo Bank, N.A. Prohibition/Removal Orders: Ngo, Dexter
May 14, 1997 FRB (individual) Prohibition from Banking: Kang Soo Lee
May 14, 1997 FRB (individual) Cease and Desist Order: Kwai Por Au

Browse adjacent years: 1996 · 1998

Or jump to a category: Failures · Mergers · Enforcement · Assistance