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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 2, 1997 County Financial Corporation FL Republic Security Financial Corporation
Dec 1, 1997 M G H Federal Credit Union IN Indiana Members Credit Union
Dec 1, 1997 First Bank of the Americas NY Commercial Bank of New York
Dec 1, 1997 Libertyville Bancorp, Inc. IL Wintrust Financial Corporation
Dec 1, 1997 (unnamed) — First Bank of California
Dec 1, 1997 Tobacco Root Federal Credit Union MT High Peaks Federal Credit Union
Dec 1, 1997 Eastern American Bank, Federal Savings Bank VA Resource Bank
Dec 1, 1997 Comerica Mortgage Corporation MI Comerica Bank
Dec 1, 1997 PNC Trust Company of New York NY PNC Bank, N.A.
Dec 1, 1997 Guaranty Bancshares Holding Corporation LA M C Bancshares, Inc.
Dec 1, 1997 First American Bancorp AL Alabama National Bancorporation
Dec 1, 1997 (unnamed) — Union Planters Bank of Southeast Missouri
Dec 1, 1997 First Acadian Bancshares, Inc. LA Union Planters Corporation
Dec 1, 1997 Lake Forest Bancorp, Inc. IL Wintrust Financial Corporation
Dec 1, 1997 First National Summit Bankshares, Inc. CO Community First Bankshares, Inc.
Dec 1, 1997 MD&F Employees Federal Credit Union NC Members Credit Union
Dec 1, 1997 Acadian Bank LA Union Planters Bank of Louisiana
Dec 1, 1997 Hinsdale Bancorp, Inc. IL Wintrust Financial Corporation
Dec 1, 1997 Guaranty Bank & Trust Company of Morgan City LA M C Bank & Trust Company
Dec 1, 1997 PNC National Bank of Delaware DE PNC Bank, Delaware
Dec 1, 1997 Fillmore Building & Loan Association PA Port Richmond Savings
Dec 1, 1997 PNC Mortgage Bank, N.A. PA PNC Bank, N.A.
Nov 29, 1997 Western Community Bank CO WestStar Bank
Nov 29, 1997 Signet Bank VA Wachovia Bank, N.A.
Nov 29, 1997 Signet Banking Corporation VA Wachovia Corporation
Nov 29, 1997 Daniel Employees Credit Union TX Members Choice Credit Union
Nov 25, 1997 Republic National Bancorp, Inc. AZ Community First Bankshares, Inc.
Nov 24, 1997 First Security Bank of Wyoming WY Wells Fargo Trust Company, N.A.
Nov 24, 1997 Mount Carmel M B C Credit Union OH Wright-Dunbar Area Credit Union, Inc.
Nov 24, 1997 Southlake Bancshares, Inc. TX First Financial Bankshares of Delaware, Inc.
Nov 24, 1997 Roscoe Financial Services, Inc. SD Roscoe Community Bankshares, Inc.
Nov 23, 1997 Citizens National Bank of Madison IN River Valley Financial Bank
Nov 22, 1997 Mercantile Bank, FSB IA Mercantile Bank of Eastern Iowa
Nov 22, 1997 First Bank of Deer Park TX Bayshore National Bank of La Porte
Nov 22, 1997 First Bank TX LegacyTexas Bank
Nov 22, 1997 First Southeast Financial Corporation SC The South Financial Group, Inc.
Nov 22, 1997 Naval Hospital Credit Union VA Navy Federal Credit Union
Nov 22, 1997 First Federal Savings and Loan Association of Anderson SC Carolina First Bank
Nov 22, 1997 Norwest Bank Texas, South Central TX Wells Fargo Bank Texas, National Association
Nov 22, 1997 Texas National Bank of Baytown TX Bayshore National Bank of La Porte
Nov 22, 1997 Charter State Bank AR First National Bank
Nov 22, 1997 The First National Bank of Wilcox NE Iowa - Nebraska State Bank
Nov 21, 1997 Apci Plant 4 Federal Credit Union PA Apci Federal Credit Union
Nov 21, 1997 Mercantile Bank of Naples FL First National Bank of Florida
Nov 20, 1997 Hazelton Bancshares, Inc. ND Bank of Hazelton
Nov 15, 1997 Star Financial Bank, Columbia City, Indiana IN Star Financial Bank
Nov 15, 1997 Star Financial Bank, New Castle, Indiana IN Star Financial Bank
Nov 15, 1997 First American Bank, National Association ND Bremer Bank, National Association
Nov 15, 1997 The Chase Manhattan Trust Company of California, N.A. CA J.P. Morgan Trust Company, N.A.
Nov 15, 1997 Farmers State Bank IN The Farmers State Bank of Union City

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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