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
Nov 1, 1997 Capitol Bank and Trust IL Banco Popular, Illinois
Nov 1, 1997 F & M Bank-Potosi WI F & M Bank-Fennimore
Nov 1, 1997 Farmers and Merchants Bank SD Marquette Bank South Dakota, National Association
Nov 1, 1997 Scott County Educational Federal Credit Union MS Jackson Area Federal Credit Union
Nov 1, 1997 Capitol Bank of Westmont IL Banco Popular, Illinois
Nov 1, 1997 Bank of South Dakota SD Marquette Bank South Dakota, National Association
Nov 1, 1997 River Associates Bancorp., Inc. IL Popular North America, Inc.
Nov 1, 1997 CNB Financial Corporation FL Big Lake Financial Corporation
Nov 1, 1997 Chessie-Newport News Credit Union VA Bayport Federal Credit Union
Nov 1, 1997 First State Bank of Uniontown AL First National Bank of West Point
Nov 1, 1997 Jefferson Bankshares, Inc. VA Wachovia Corporation
Oct 31, 1997 Triangle Bank Leasing Corp. NC Triangle Bancorp, Inc.
Oct 31, 1997 The Bank of Winter Park FL The Huntington National Bank
Oct 31, 1997 U. S. Bancorp, Inc. IL Manufacturers Bank
Oct 31, 1997 Egyptian Bancshares, Inc. IL Community Financial Corp.
Oct 31, 1997 Mi-Val B.U.C. Credit Union, Inc. OH Day Air Credit Union, Inc.
Oct 31, 1997 First Federal Savings & Loan Association of Chilton County AL SouthFirst Bank
Oct 31, 1997 Hath Federal Credit Union TX Valley Federal Credit Union
Oct 30, 1997 Atlanta Canco Federal Credit Union GA Center Parc Credit Union
Oct 29, 1997 Alhambra Federal Credit Union CA F & a Federal Credit Union
Oct 29, 1997 St. Marys Madison Federal Credit Union IL Revity Credit Union
Oct 28, 1997 Houston National Bank TX Sterling Bank
Oct 25, 1997 Jcpenney National Bank DE The First National Bank of Wyoming
Oct 25, 1997 Cushnoc Bank and Trust Company ME Northeast Bank
Oct 25, 1997 Prime Bank of Puerto Rico PR Eurobank
Oct 25, 1997 Union Bank/Sandwich IL Centrue Bank
Oct 21, 1997 Community Bancorporation WA Americanwest Bancorporation
Oct 20, 1997 Enterprise National Bank of Sarasota FL Provident Bank of Florida
Oct 20, 1997 Premier Bank-Central, National Association VA First Vantage Bank /Tri-Cities
Oct 20, 1997 Premier Bank, National Association VA First Virginia Bank - Clinch Valley
Oct 18, 1997 Boatmen's Bank of Tennessee TN NationsBank of Tennessee, National Association
Oct 18, 1997 Farmers & Merchants Bank of Trenton FL Capital City Bank
Oct 18, 1997 (unnamed) — Mercantile Bank of Central Missouri
Oct 18, 1997 Continental Bank NY Reliance Federal Savings Bank
Oct 18, 1997 Branford State Bank FL Capital City Bank
Oct 18, 1997 Southwest Financial Bank and Trust Company IL Suburban Bank & Trust Company
Oct 18, 1997 Levy County State Bank FL Capital City Bank
Oct 18, 1997 AMCORE Bank, Belleville WI Amcore Bank, National Association, South Central
Oct 17, 1997 People's Bank and Trust Company IN Old National Bank
Oct 17, 1997 Sun State Bank NV Nevada State Bank
Oct 17, 1997 First Winnebago Corporation IL Centre 1 Bancorp, Inc.
Oct 17, 1997 Bank of Boston Connecticut CT Fleet National Bank
Oct 17, 1997 Sun State Capital Corporation NV Zions Bancorporation
Oct 15, 1997 (unnamed) — Cornerstone Community Bank
Oct 14, 1997 The Old Phoenix National Bank of Medina OH Firstmerit Bank, National Association
Oct 14, 1997 EST National Bank OH Firstmerit Bank, National Association
Oct 11, 1997 SC Bancorp CA Western Bancorp
Oct 11, 1997 Tampico National Bank IL UnionBank/Central
Oct 11, 1997 Norwest Bank Texas, South, National Association TX Wells Fargo Bank Texas, National Association
Oct 11, 1997 The First National Bank of Manlius IL UnionBank/Central

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