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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
Aug 30, 1997 Centerpoint Bank NH CFX Bank
Aug 30, 1997 Barnett Bank of Southeast Georgia National Association GA Barnett Bank, National Association
Aug 30, 1997 Appleton City Bancshares, Inc. MO Community First Bancshares, Inc.
Aug 29, 1997 The Bank of New Haven CT Citizens Bank of Connecticut
Aug 29, 1997 The Bank of Ocilla, Georgia GA Citizens Security Bank
Aug 29, 1997 Irwin Bancorp, Inc. GA Ameris Bancorp
Aug 26, 1997 Fort Wayne Police Department Federal Credit Union IN Fire Police City County Federal Credit Union
Aug 25, 1997 Burleson State Bank TX First State Bank of Texas
Aug 23, 1997 Riverside Bancshares, Inc. LA Mansfield Bancshares, Inc.
Aug 23, 1997 Citizens Savings Bank F.S.B. MD Provident Bank of Maryland
Aug 23, 1997 The Exchange State Bank KS Cornerbank
Aug 23, 1997 Mark Twain Illinois Bank IL Firstar Bank Missouri, National Association
Aug 23, 1997 Journal Employees Credit Union IA The Municipal Federal Credit Union
Aug 23, 1997 Mansfield Bank and Trust Company LA Community Bank of Louisiana
Aug 23, 1997 Progressive Bank, National Association-Bellaire OH Progressive Bank, N.A.
Aug 23, 1997 Mercantile Bank of Illinois IL Firstar Bank Missouri, National Association
Aug 22, 1997 West Columbia National Bank TX Norwest Bank Texas, South Central
Aug 22, 1997 The Farmers National Bank of Geneseo IL Wells Fargo Bank Illinois, National Association
Aug 18, 1997 Libsab Bancorp, Inc. KY Peoples First Corporation
Aug 16, 1997 Boatmen's Arkansas, Inc AR NB Holdings Corporation
Aug 16, 1997 Boatmen's Bancshares of Iowa, Inc. MO NB Holdings Corporation
Aug 16, 1997 Regions Bank of Tennessee TN Regions Bank
Aug 16, 1997 Boatmen's Sunwest, Inc. NM NB Holdings Corporation
Aug 16, 1997 Boatmen's Bank Iowa, National Association IA Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Arkansas AR Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Batesville AR Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Hobbs, National Association NM Bank of America, N.A.
Aug 16, 1997 Boatmen's Bank of Fort Dodge IA Bank of America, N.A.
Aug 16, 1997 Boatmen's Bank of North Iowa IA Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Russellville AR Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Gallup NM Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Rio Arriba, National Association NM Bank of America, N.A.
Aug 16, 1997 First National Bank of Houma LA Whitney National Bank
Aug 16, 1997 Boatmen's National Bank of Northwest Iowa IA Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Newark AR Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Northwest Arkansas AR Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Clovis, National Association NM Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Roswell, National Association NM Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of South Arkansas AR Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Albuquerque, National Association NM Bank of America, N.A.
Aug 16, 1997 Guaranty Federal Savings Bank TN Union Planters Bank of Kentucky, National Association
Aug 16, 1997 Boatmen's National Bank of North Central Arkansas AR Bank of America, N.A.
Aug 16, 1997 Tri-State Bank ID Zions Bancorporation, N.A.
Aug 16, 1997 SUNWEST Bank of Santa Fe NM Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Las Cruces, National Association NM Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Conway AR Bank of America, N.A.
Aug 16, 1997 Boatmen's Bank of Northeast Arkansas AR Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Hot Springs AR Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Pine Bluff AR Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Raton, National Association NM Bank of America, N.A.

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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