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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 22, 1997 First Tule Bancorp, Inc. MN Blackhawk Bancorporation
Dec 22, 1997 Comfort Bancshares, Inc. MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 La Porte Bancorp MN Lindeberg Financial Corporation
Dec 22, 1997 Ken-Caryl Investment Company MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 New Braunfels Bancshares, Inc. MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 Am-Can Investments, Inc. MN Blackhawk Bancorporation
Dec 22, 1997 Peoples State Bank, National Association WV City National Bank of West Virginia
Dec 22, 1997 The Home National Bank of Sutton WV City National Bank of West Virginia
Dec 22, 1997 Alexandria Securities and Investment Company MN Lindeberg Financial Corporation
Dec 22, 1997 United Texas Financial Corporation MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 Bank of Montana System MT Lindeberg Financial Corporation
Dec 22, 1997 Bank of Ripley, National Association WV City National Bank of West Virginia
Dec 22, 1997 Blue Ridge Bank, National Association WV City National Bank of West Virginia
Dec 22, 1997 Dickinson Bancorporation, Inc. MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 Babbscha Company MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 D.L. Bancshares, Inc. MN Lindeberg Financial Corporation
Dec 19, 1997 West-Ark Bancshares, Inc. AR First Commercial Corporation
Dec 17, 1997 Bank Corporation of Georgia GA Century South Banks, Inc.
Dec 16, 1997 Charlotte Observer Employees Credit Union NC Skyla Federal Credit Union
Dec 16, 1997 Entenmanns Employees Credit Union IL Meadows Credit Union
Dec 16, 1997 National Bank of Southern California CA Southern California Bank
Dec 15, 1997 Central Fidelity Banks, Inc. VA Wachovia Corporation
Dec 13, 1997 Citizens Bank of Talladega AL First Citizens Bank
Dec 13, 1997 West Branch State Bank IA First National Bank Iowa
Dec 13, 1997 (unnamed) — Firstar Bank Missouri, National Association
Dec 12, 1997 Zappco, Inc. MN U.S. Bancorp
Dec 12, 1997 Kearny Postal Employees Credit Union NJ Montclair Postal Employees Credit Union
Dec 12, 1997 Citizens Gwinnett Bankshares, Inc. GA Premier Bancshares, Inc.
Dec 11, 1997 Ekco Employees Fcu PA West Branch Valley Federal Credit Union
Dec 9, 1997 Rmi, Inc. WV City National Bank of West Virginia
Dec 8, 1997 Heritage Bank MO Legends Bank
Dec 6, 1997 Bankboyton, a Federal Savings Bank FL Fidelity Federal Bank & Trust
Dec 6, 1997 Marshalltown Savings Bank, FSB IA Home Federal Savings Bank
Dec 6, 1997 Citizens State Bank MO Metropolitan National Bank
Dec 6, 1997 Bank One, Oklahoma City OK Bank One, Oklahoma, National Association
Dec 6, 1997 First National Bank of the Berkshires MA Legacy Banks
Dec 6, 1997 Liberty Bank and Trust Company of Tulsa, National Association OK Bank One Trust Company, N.A.
Dec 5, 1997 Metropolitan Bancshares, Inc. MO Metropolitan National Bank
Dec 5, 1997 High Desert National Bank CA Business Bank of California
Dec 5, 1997 First National Bank of Grapevine TX First State Bank of Texas
Dec 5, 1997 Combancorp CA Popular North America, Inc.
Dec 4, 1997 Menomonie Shares, Inc. WI Dairy State Bancorp, Inc.
Dec 4, 1997 Menomonie Financial Services, Inc. WI Dairy State Bancorp, Inc.
Dec 4, 1997 Talco, Inc. WI Dairy State Bancorp, Inc.
Dec 2, 1997 Amboy Bancorporation NJ Amboy Bancorporation
Dec 2, 1997 County National Bank of South Florida FL Republic Security Bank
Dec 2, 1997 Cascade Community Bank WA Columbia State Bank
Dec 2, 1997 Cascade Bancorp, Inc. WA Columbia Banking System, Inc.
Dec 2, 1997 Golden Bancshares, Inc. IL Mercantile Bancorp, Inc.
Dec 2, 1997 Bank of Fife WA Columbia State Bank

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

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