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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
Oct 11, 1997 Laurel Bank PA Promistar Bank
Oct 11, 1997 Norwest Bank Texas, North Central TX Wells Fargo Bank Texas, National Association
Oct 11, 1997 Fayette Bank PA Promistar Bank
Oct 6, 1997 First State Bank OK Stride Bank, N.A.
Oct 4, 1997 RCSB Financial, Inc. NY Charter-Michigan Bancorp, Inc.
Oct 4, 1997 The Rochester Community Savings Bank NY Charter One Bank, National Association
Oct 4, 1997 Mercantile Bank IL Mercantile Bank of Eastern Iowa
Oct 4, 1997 Wilbur Savings Bank PA Ambassador Bank of the Commonwealth
Oct 4, 1997 Mercantile Bank of Dubuque, National Association IA Mercantile Bank of Eastern Iowa
Oct 2, 1997 Unity Savings Bank OH Oak Hill Banks
Oct 2, 1997 Linden Power Federal Credit Union NJ P S Burlington Employees Federal Credit Union
Oct 2, 1997 Sparbank, Incorporated IL First Midwest Bancorp, Inc.
Oct 2, 1997 United Bank KS Prairie Bank of Kansas
Oct 2, 1997 Prime Bank PA Prime Bank
Oct 2, 1997 R R B Federal Credit Union IL Great Lakes Credit Union
Oct 2, 1997 First Independence Bank of Florida FL Colonial Bank
Oct 1, 1997 SBT Bancshares, Inc. TN Union Planters Community Bancorp, Inc.
Oct 1, 1997 Southwest Financial Group of Iowa, Inc. IA Houghton State Bank
Oct 1, 1997 Farmers Bancshares of Oberlin, Inc. KS Gold Banc Acquisition Corp, Inc. II
Oct 1, 1997 Citizens of Hardeman County Financial Services TN Union Planters Community Bancorp, Inc.
Oct 1, 1997 Beckley Federal Savings Bank WV Bank of Raleigh
Oct 1, 1997 Security Capital Corporation WI M&I LLC
Oct 1, 1997 Pacesetter Bank of Montpelier IN Pacesetter Bank
Oct 1, 1997 Emerson State Bank IA Houghton State Bank
Oct 1, 1997 0IGHWAY Clippers Federal Credit Union MN West Financial Credit Union
Oct 1, 1997 Parky Maryland Federal Credit Union MD Freedom of Maryland Federal Credit Union
Oct 1, 1997 Texas Heritage Federal Credit Union TX Alliance Credit Union
Oct 1, 1997 Tri-City Federal Credit Union WA Hapo Community Credit Union
Oct 1, 1997 Delta Federal Savings, F.S.B. CO First Federal Bank of Colorado
Oct 1, 1997 The Whiteville Bank TN Union Planters Bank of Southwest Tennessee
Oct 1, 1997 Hawaiian Trust Company, Limited HI Bank of Hawaii
Oct 1, 1997 Wolfe Baron State Credit Union PA Delco Postal Cu
Oct 1, 1997 Guam Federal Credit Union NJ Delaware First Federal Credit Union
Oct 1, 1997 Security Bank, S.S.B. WI M&I Marshall and Ilsley Bank
Oct 1, 1997 NBD Bank, National Association IL Bank One, National Association
Oct 1, 1997 Great Western Bank, a Federal Savings Bank CA Washington Mutual Bank
Oct 1, 1997 Stockmens Bank, National Association SD Stockmens National Bank
Oct 1, 1997 Thrift Drug Federal Credit Union PA Ecu Credit Union
Oct 1, 1997 South Weymouth Savings Bank MA South Shore Bank
Oct 1, 1997 Puget Sound Energy Federal Credit Union WA Puget Sound Cooperative Credit Union
Oct 1, 1997 Citizens State Bank of Santa Paula CA Santa Barbara Bank & Trust, National Association
Oct 1, 1997 Western Division P.S.P.& L. Employees Credit Union WA Puget Sound Cooperative Credit Union
Oct 1, 1997 Robbins Tire and Rubber Credit Union AL Valley Credit Union
Oct 1, 1997 The Greater New York Savings Bank NY Astoria Bank
Oct 1, 1997 City Savings Bank IN Pacesetter Bank
Oct 1, 1997 Atlantic Bank, N.A. ME TD Bank, N.A.
Oct 1, 1997 Stocktel Federal Credit Union CA Central State Credit Union
Oct 1, 1997 Ringling State Bank OK First National Bank and Trust Company of Ardmore
Oct 1, 1997 First Bank & Trust of Clarendon TX Herring Bank
Sep 30, 1997 FMB Title Services, Inc. MI The Huntington National 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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