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 | Assets |
|---|---|---|
| Nov 21, 1997 | Southwest Bank | $27.9M |
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 | Acquirer |
|---|---|---|
| Sep 30, 1997 | Computer Systems International, Ltd. | Hawaii National Bank |
| Sep 30, 1997 | FMB-Trust | The Huntington National Bank |
| Sep 30, 1997 | First City Bancorp, Inc. | Barnett Banks, Inc. |
| Sep 30, 1997 | Pemi Bancorp, Inc. | Northway Financial, Inc. |
| Sep 30, 1997 | First Michigan Bank Corporation | Huntington Bancshares Incorporated |
| Sep 30, 1997 | FMB-Maynard Allen Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Old State Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Reed City Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-State Savings Bank | The Huntington National Bank |
| Sep 30, 1997 | Greer Homelite Employees Federal Credit Union | Empeople Credit Union |
| Sep 30, 1997 | FMB-Oceana Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Northwestern Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Sault Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-First Michigan Bank | The Huntington National Bank |
| Sep 30, 1997 | Walnut Mutual Benefit Association Credit Union | American Mutual Credit Union, Inc |
| Sep 30, 1997 | FMB-First Michigan Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Lumberman's Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Community Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Security Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Commercial Bank | The Huntington National Bank |
| Sep 30, 1997 | Reliable Financial Corporation | First Commonwealth Financial Corporation |
| Sep 30, 1997 | FMB-Arcadia Bank | The Huntington National Bank |
| Sep 29, 1997 | First McKinney Bancshares, Inc. | Plano Bancshares of Delaware, Inc. |
| Sep 27, 1997 | First Savings Bank of Rockingham County, SSB | First-Citizens Bank & Trust Company |
| Sep 27, 1997 | First Savings Financial Corp. | First Citizens Bancshares, Inc. |
| Sep 27, 1997 | Great Lakes National Bank Ohio | TCF National Bank |
| Sep 27, 1997 | (unnamed) | Financial Trust Company |
| Sep 27, 1997 | Reliable Savings Bank | First Commonwealth Bank |
| Sep 27, 1997 | First National Bank and Trust Co. | Financial Trust Company |
| Sep 26, 1997 | Lincoln Federal Savings Bank | Farmers Deposit Bank of Middleburg, Inc. |
| Sep 26, 1997 | Lincoln Financial Bancorp, Inc. | Middleburg Bancorp, Inc. |
| Sep 26, 1997 | Farmers Investment Corporation | (unnamed) |
| Sep 26, 1997 | Regions Bank of Florida | Regions Bank |
| Sep 25, 1997 | (unnamed) | Community Financial Services, Inc. |
| Sep 22, 1997 | Premier Bank-South, National Association | First Virginia Bank-Southwest |
| Sep 22, 1997 | United Carolina Bank | Truist Bank |
| Sep 22, 1997 | United Carolina Bank of South Carolina | Branch Banking and Trust Company of South Carolina |
| Sep 22, 1997 | Vermont Federal Bank, FSB | Vermont National Bank |
| Sep 20, 1997 | The Peoples National Bank | Gold BANK |
| Sep 20, 1997 | Haverfield Corporation | Charter One Financial, Inc. |
| Sep 20, 1997 | Bank Wisconsin | St. Francis Bank, F.S.B. |
| Sep 20, 1997 | Boatmen's Trust Company of Texas | NationsBank of Texas, National Association |
| Sep 20, 1997 | Boatmen's Trust Company of Kansas | Bank of America, N.A. |
| Sep 20, 1997 | Matewan National Bank/Kentucky | The Matewan National Bank |
| Sep 20, 1997 | First Federal Savings and Loan Association of Osceola County | Republic Bank |
| Sep 20, 1997 | Home Bank, F.S.B. | Charter One Bank, National Association |
| Sep 20, 1997 | Citizens State Bank | State Bank |
| Sep 20, 1997 | Perry County Bank | Trustmark Bank |
| Sep 19, 1997 | Barnett Bank of Southwest Georgia | SouthTrust Bank |
| Sep 19, 1997 | First Federal Savings Bank of New Smyrna | Regions Bank of Florida |
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. |
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