Skip to main content

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
May 12, 1997 OCC Citibank, N.A. C&D or PC&D Requiring Restitution: Lin, Daniel P.
May 12, 1997 OCC Citibank, N.A. Prohibition/Removal Orders: Lin, Daniel P.
May 12, 1997 OCC Bank of America, N.A. Prohibition/Removal Orders: Guerrero, Jose R.
May 12, 1997 OCC_OTS The Dime Savings Bank of New York, FSB Orders of Removal/Prohibition: Tonianne M. Milne
May 9, 1997 OCC_OTS Main Line Bancshares, Inc. Orders of Removal/Prohibition: Stephanie L. Zinni
May 9, 1997 OCC_OTS Third Company Orders of Removal/Prohibition: Kim M. Gracey
May 9, 1997 OCC_OTS Third Company Cease and Desist: Kim M. Gracey
May 9, 1997 OCC_OTS Third Company Orders of Removal/Prohibition: Paul E. Pajak
May 7, 1997 FRB (individual) Prohibition from Banking: Francisco Moncaleano
May 7, 1997 OCC_OTS Matewan Bank, FSB Orders of Removal/Prohibition: Amanda Stapleton
May 6, 1997 OCC_OTS First Federal Savings Bank of Fort Dodge Orders of Removal/Prohibition: Elizabeth Andersen
May 5, 1997 OCC_OTS (individual) Orders of Removal/Prohibition: Patricia A. Wassil
May 2, 1997 OCC Bank of America, N.A. Prohibition/Removal Orders: Munoz, Paula E.
Apr 28, 1997 OCC_OTS (individual) Cease and Desist: Tracy A. Tyner
Apr 28, 1997 OCC_OTS (individual) Orders of Removal/Prohibition: Tracy A. Tyner
Apr 27, 1997 OCC Harbor National Bank of Connecticut Civil Money Penalty (CMP): Sivilla, Matthew
Apr 21, 1997 OCC Sunflower Bank, N.A. Prohibition/Removal Orders: Munn, Amy Sue
Apr 21, 1997 OCC (individual) Prohibition/Removal Orders: Miller, Melissa
Apr 17, 1997 FRB Marin National Bancorp Written Agreement: Marin National Bancorp, San Rafael, CA
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Cease and Desist: Nutan Sahai
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Cease and Desist: Priti Goel
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Cease and Desist: Sanjay Chatrath
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Cease and Desist: Subhash Sahai
Apr 16, 1997 FRB PT. Bank Negara Indonesia (Persero) TBK Prohibition from Banking: Steven King
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Civil Money Penalty: Arun Kalra
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Civil Money Penalty: Anil Sahai
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Cease and Desist: Webster City Medical Service, P.C.
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Cease and Desist: Urmila Sahai
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Cease and Desist: Susma Sahi
Apr 16, 1997 OCC_OTS Mid-Iowa, Inc. Cease and Desist: Subhash Sahai
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Cease and Desist: Anil Sahai
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Cease and Desist: Arun Kalra
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Cease and Desist: Mary Clausen
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Cease and Desist: Neena Gupta
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Cease and Desist: Prem Nath Sahai
Apr 16, 1997 OCC_OTS (individual) Orders of Removal/Prohibition: Prem Nath Sahai
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Civil Money Penalty: Webster City Medical Service, P.C.
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Civil Money Penalty: Urmila Sahai
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Civil Money Penalty: Sushma Sahai
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Civil Money Penalty: Subhash Sahai
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Civil Money Penalty: Sanjay Chatrath
Apr 16, 1997 OCC_OTS Mid-Iowa, Inc. Civil Money Penalty: Priti Goel
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Civil Money Penalty: Prem Nath Sahai
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Civil Money Penalty: Nutan Sahai
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Civil Money Penalty: Neena Gupta
Apr 16, 1997 OCC_OTS Mid-Iowa Savings Bank, FSB Civil Money Penalty: Mary Clausen
Apr 15, 1997 OCC First Central Bank, National Association Civil Money Penalty (CMP): Chow, David
Apr 15, 1997 OCC First Central Bank, National Association C&D or PC&D Requiring Restitution: Chow, David
Apr 14, 1997 OCC First National Bank of Bellaire Prohibition/Removal Orders: Vickery, Charles R.
Apr 10, 1997 OCC_OTS Centennial Bank Holdings, Inc. Supervisory Agreement: Centennial Savings Bank, F.S.B.

Browse adjacent years: 1996 · 1998

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