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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
Nov 15, 1997 Heartland Savings Bank IL First Mid Bank & Trust, N.A.
Nov 15, 1997 Chase Trust Company of California CA J.P. Morgan Trust Company, N.A.
Nov 15, 1997 GB Bancorporation CA Zions Bancorporation
Nov 15, 1997 Star Financial Bank, Marion IN Star Financial Bank
Nov 14, 1997 First Commercial Bank, SSB OK Citizens Bank
Nov 14, 1997 American National Savings Bank, Federal Savings Bank MD Crestar Bank
Nov 14, 1997 Glenwood Bancshares, Inc. WI Hiawatha Bancshares, Inc.
Nov 14, 1997 Fleet Bank NY Fleet National Bank
Nov 14, 1997 Roosevelt Bank MO Firstar Bank Missouri, National Association
Nov 13, 1997 Texas Bank TX Bayshore National Bank of La Porte
Nov 13, 1997 S&S Machinery Credit Union VA Beacon Credit Union Incorporated
Nov 11, 1997 Homestead Bank, S.S.B. TX Planters & Merchants State Bank
Nov 11, 1997 1st United Bancorp FL Wachovia Corporation
Nov 10, 1997 Southern Security Bank Corporation FL Sun American Bancorp
Nov 8, 1997 Unicorp Bancshares-Texas, Inc. TX Hibernia Corporation
Nov 8, 1997 Farmers State Bank of Ferris IL Union Bank/West
Nov 8, 1997 Investors Savings Bank of South Carolina, Incorporated SC Peoples Federal Savings and Loan Association
Nov 8, 1997 OrangeBank TX Hibernia National Bank of Texas
Nov 7, 1997 First State Bank and Trust Company LA Peoples Bank & Trust Company
Nov 7, 1997 Regions Bank, National Association FL Regions Bank
Nov 7, 1997 Planters Bank and Trust Company of Claiborne Parish LA Peoples Bank & Trust Company
Nov 7, 1997 Investors Bancorporation, Inc. WI Citizens Bancshares of Woodville, Inc.
Nov 6, 1997 University Bank TX International Bank of Commerce
Nov 6, 1997 University Bancshares, Inc. TX International Bancshares Corporation
Nov 6, 1997 San Gabriel Valley Bank CA Pacific Business Bank
Nov 1, 1997 Citizens Bancorp of Delaware, Inc. DE Delaware Financial, Inc.
Nov 1, 1997 CNB Bancshares of Victoria, Inc. TX Delaware Financial, Inc.
Nov 1, 1997 Magna Bancorp, Inc. MS Union Planters Corporation
Nov 1, 1997 Bancunion Corp. WI F & M Merger Corporation
Nov 1, 1997 CBC Bancorp, Ltd. IL Popular North America, Inc.
Nov 1, 1997 Pioneer Bancorp, Inc. IL Popular North America, Inc.
Nov 1, 1997 First Charter Bancshares, Inc. AR First Commercial Corporation
Nov 1, 1997 Pacific National Bank of Nantucket MA Fleet National Bank
Nov 1, 1997 F & M Bank-Lancaster WI F & M Bank-Fennimore
Nov 1, 1997 Magnolia Federal Bank for Savings MS Union Planters Bank of Southern Mississippi
Nov 1, 1997 First New London Savings and Loan Association Incorporated CT Liberty Bank
Nov 1, 1997 Tri-County State Bank SD Marquette Bank South Dakota, National Association
Nov 1, 1997 (unnamed) — Banco Popular, Illinois
Nov 1, 1997 One Valley Bank, FSB WV One Valley Bank, National Association
Nov 1, 1997 Dakota State Bank SD Marquette Bank South Dakota, National Association
Nov 1, 1997 National City Bank, Northwest OH National City Bank
Nov 1, 1997 Primary Bank NH Granite Bank
Nov 1, 1997 National City Bank of Ashland OH National City Bank
Nov 1, 1997 Greater York Municipal Employees Federal Credit Union PA White Rose Credit Union
Nov 1, 1997 First Bank IL First Bank
Nov 1, 1997 National City Bank, Northeast OH National City Bank
Nov 1, 1997 First Bank, A Federal Savings Bank MO First Bank
Nov 1, 1997 Morehouse School Employees Federal Credit Union LA Shreveport Federal Credit Union
Nov 1, 1997 Associated Credit Union GA Associated Credit Union
Nov 1, 1997 Van Wert National Bank OH Community First Bank & Trust

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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