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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
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

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