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 17, 1997 | Compass Bank | BBVA USA |
| Sep 16, 1997 | Dadeland Bank | Colonial Bank |
| Sep 16, 1997 | Dadeland Bancshares, Inc. | The Colonial Bancgroup, Inc. |
| Sep 15, 1997 | Jefferson Bank | Iberiabank |
| Sep 13, 1997 | The First National Bank of Eden | Great Plains Bank |
| Sep 13, 1997 | (unnamed) | MidFirst Bank |
| Sep 13, 1997 | First Clayton Bancshares, Inc | United Community Banks, Inc. |
| Sep 12, 1997 | Florida Gulfcoast Bancorp, Inc. | Fgbi Acquisition Corp. |
| Sep 10, 1997 | New York FSB | Flushing Bank |
| Sep 9, 1997 | First Western Bank, F.S.B. | First Western Bank, National Association |
| Sep 9, 1997 | Commonwealth State Bank | Main Line Bank |
| Sep 9, 1997 | Penncore Financial Services Corporation | ML Bancorp |
| Sep 8, 1997 | Firstar National Bank | Firstar Bank Iowa, National Association |
| Sep 5, 1997 | Standard Federal Bank for Savings | TCF National Bank Illinois |
| Sep 5, 1997 | Citizens State Bank in Galena | Community Bank and Trust |
| Sep 5, 1997 | Manufacturers Bank | Manufacturers Bank |
| Sep 5, 1997 | SunTrust Bank, Northeast Tennessee, National Association | SunTrust Bank, East Tennessee, National Association |
| Sep 4, 1997 | Halo Bancorporation, Inc. | Bremer Financial Corporation |
| Sep 3, 1997 | Fredonia Bancshares, Inc. | First United of Texas, Inc |
| Sep 3, 1997 | Fredonia Bancshares of Delaware, Inc. | First United of Texas, Inc |
| Sep 2, 1997 | Holy Name Parish Credit Union, Inc. | Firefighters Community Cu |
| Sep 2, 1997 | LaSalle Bank | LaSalle Bank National Association |
| Sep 2, 1997 | Lasalle Bank Illinois | LaSalle Bank National Association |
| Sep 2, 1997 | Saint Joseph Medical Center Federal Credit Union | New Century Federal Credit Union |
| Sep 2, 1997 | Highway Credit Union | Indiana Members Credit Union |
| Sep 1, 1997 | CNB Bancorp, Inc. | Cbi-Kansas, Inc. |
| Sep 1, 1997 | Michigan Bank, Federal Savings Bank | LaSalle Bank Midwest National Association |
| Sep 1, 1997 | Providence Saint Vincent Federal Credit Union | Providence Federal Credit Union |
| Sep 1, 1997 | Goodland State Bank | MainSource Bank of Illinois |
| Sep 1, 1997 | Houston TWC Federal Credit Union | Houston Highway Credit Union |
| Sep 1, 1997 | Corn Belt Credit Union | Veridian Credit Union |
| Sep 1, 1997 | Midstate Bancorp | Midstate Bancorp, Inc. |
| Sep 1, 1997 | Washington Trades Credit Union | Qualstar Credit Union |
| Sep 1, 1997 | Nacogdoches Public Employee Credit Union | Doches Credit Union |
| Sep 1, 1997 | Minnesota State University Student Association Federal Credit Union | Affinity Plus Federal Credit Union |
| Aug 31, 1997 | Boatmen's Service Company, Inc. | NB Holdings Corporation |
| Aug 31, 1997 | Collin County National Bank | Hibernia National Bank of Texas |
| Aug 31, 1997 | Savers Federal Credit Union | Ocean Communities Federal Credit Union |
| Aug 31, 1997 | First National Bank of Paris | Hibernia National Bank of Texas |
| Aug 31, 1997 | Executive Bancshares, Inc. | Hibernia Corporation |
| Aug 30, 1997 | Reliance Financial, Inc. | Allegiant Bancorp, Incorporated |
| Aug 30, 1997 | Bankers Corp. | Sovereign Bancorp, Inc. |
| Aug 30, 1997 | Saint Pauls Lafayette Federal Credit Union | Saint Jules Credit Union |
| Aug 30, 1997 | Community Bankshares, Inc. | CFX Corporation |
| Aug 30, 1997 | Portsmouth Bank Shares, Inc. | CFX Corporation |
| Aug 30, 1997 | Brecksville Vah Federal Credit Union | Century Federal Credit Union |
| Aug 30, 1997 | Bankers Savings | Santander Bank, N.A. |
| Aug 30, 1997 | Concord Savings Bank | CFX Bank |
| Aug 30, 1997 | China Trust Bank of New York | CTBC Bank Corp. (USA) |
| Aug 30, 1997 | Portsmouth Savings Bank | CFX 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. |
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