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.

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
Dec 31, 1997	Plains Service Corporation	TX	PlainsCapital Bank
Dec 31, 1997	Comerica Community Development Corporation	MI	Comerica Bank
Dec 31, 1997	First Bank of Beverly Hills, State Savings Bank	CA	First Bank of Beverly Hills
Dec 31, 1997	Consolidated Computer Center, Inc.	OH	The Park National Bank
Dec 31, 1997	Iowa Financial Bancorporation	MN	Lakeside Credit Co., Inc.
Dec 31, 1997	The Farmers and Savings Bank, Loudonville, Ohio	OH	First-Knox National Bank
Dec 31, 1997	Lowell Sun Employees Credit Union	MA	Jeanne D'Arc Credit Union
Dec 31, 1997	Langdon Bancshares, Inc.	ND	F & M Bancshares, Inc.
Dec 31, 1997	Culver National Bank	CA	Bank of Los Angeles
Dec 31, 1997	B. P. Corporation	MN	Lakeside Credit Co., Inc.
Dec 31, 1997	Alma Bancshares Corporation	MO	C.S. Bancshares, Inc.
Dec 31, 1997	Central Kansas Bankshares, Inc.	KS	Central Financial Corporation
Dec 31, 1997	Houston Bancorporation, Inc.	TX	Popular North America, Inc.
Dec 31, 1997	Coban, Inc.	OR	The Commercial Bank
Dec 31, 1997	C D S Employees Credit Union	IL	Valley Bell Credit Union
Dec 31, 1997	(unnamed)	—	Enterprise Banking, National Association
Dec 31, 1997	The Crockett State Bank	TX	First National Bank of Huntsville
Dec 31, 1997	Lytton Corporation	CA	Comerica Holdings Incorporated
Dec 31, 1997	(unnamed)	—	Sun Security Bank of America
Dec 31, 1997	Firstmondovi, Inc.	WI	Gebsco, Inc.
Dec 31, 1997	Flagship Bank FSB	CA	International City Bank Federal Savings Bank
Dec 31, 1997	PNC Bank, Kentucky, Inc.	KY	PNC Bank, N.A.
Dec 31, 1997	P N C Bank, Indiana, Inc.	IN	PNC Bank, N.A.
Dec 31, 1997	Atlas Federal Credit Union	PA	First Commonwealth Federal Credit Union
Dec 31, 1997	Humboldt Bancshares, Inc.	KS	CGB Acquisition Corporation
Dec 31, 1997	PNC Bank, Ohio, National Association	OH	PNC Bank, N.A.
Dec 31, 1997	Our Own Hardware Employees Credit Union	MN	MY Credit Union
Dec 30, 1997	Ford Bank Group, Inc.	MN	United New Mexico Financial Corporation
Dec 30, 1997	First National Bank of Dayton	TX	Paradigm Bank Texas
Dec 29, 1997	First Tule Bancorp of Delaware, Inc.	DE	Blackhawk Bancorporation
Dec 29, 1997	Colorado Business Bank, National Association	CO	CoBiz Bank
Dec 29, 1997	Bancshares Holding Company	DE	Independent Bancorp of Arizona, Inc.
Dec 29, 1997	Premier Trust Company	VA	First Virginia Bank
Dec 29, 1997	Ford Bank Group Holdings, Inc.	DE	Ford Bank Group, Inc.
Dec 23, 1997	Summit Credit Corp.	NJ	Summit Bancorp.
Dec 23, 1997	First Interstate Bank, FSB	MT	First Interstate Bank
Dec 23, 1997	Carolina State Bank	NC	First Charter Bank
Dec 22, 1997	American Republic Bancshares, Inc.	MN	Independent Bancorp of Arizona, Inc.
Dec 22, 1997	Wyoming National Bancorporation	WY	Blackhawk Bancorporation
Dec 22, 1997	The Merchants National Bank of Montgomery	WV	City National Bank of West Virginia
Dec 22, 1997	Alice Bancshares, Inc.	MN	Independent Bancorp of Arizona, Inc.
Dec 22, 1997	Peoples National Bank	WV	City National Bank of West Virginia
Dec 22, 1997	First State Bank and Trust, National Association	WV	City National Bank of West Virginia
Dec 22, 1997	Copper Bancshares, Inc.	MN	Lindeberg Financial Corporation
Dec 22, 1997	Norwest Indiana, Inc.	IN	Blackhawk Bancorporation
Dec 22, 1997	Goldenbanks of Colorado, Inc.	MN	Independent Bancorp of Arizona, Inc.
Dec 22, 1997	The Old National Bank of Huntington	WV	City National Bank of West Virginia
Dec 22, 1997	Parker Bankshares, Incorporated	MN	Independent Bancorp of Arizona, Inc.
Dec 22, 1997	The First National Bank of Hinton	WV	City National Bank of West Virginia
Dec 22, 1997	Valley-Hi Investment Company	MN	Independent Bancorp of Arizona, Inc.

The list holds 500 of the 1,240 mergers recorded for 1997.

Enforcement Actions in 1997

Action date	Agency	Institution	Action
Apr 4, 1997	OCC_OTS	(individual)	Cease and Desist: James F. Gibson
Apr 4, 1997	OCC_OTS	First Federal Savings Bank	Civil Money Penalty: James F. Gibson
Apr 4, 1997	OCC_OTS	(individual)	Orders of Removal/Prohibition: James F. Gibson
Apr 3, 1997	OCC	The Peoples National Bank of Checotah	Prohibition/Removal Orders: Townsend, Georgeanna
Apr 3, 1997	OCC	(individual)	Civil Money Penalty (CMP): Nix, Jimmy E.
Apr 3, 1997	OCC	(individual)	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Taylor, Scott
Apr 3, 1997	OCC	First Central Bank, National Association	C&D or PC&D Requiring Restitution: First Central Bank, National Association
Mar 31, 1997	OCC_OTS	Commercial Pacific Savings and Loan Association	Orders of Removal/Prohibition: Kirby Keith Gordon
Mar 31, 1997	OCC	First National Bank of Bellaire	Civil Money Penalty (CMP): Vickery, Charles R.
Mar 31, 1997	OCC_OTS	(individual)	Cease and Desist: Kirby Keith Gordon
Mar 31, 1997	OCC_OTS	Doolin Security Savings Bank, FSB	Decision/Opinion and Order: Doolin Security SB, FSB
Mar 28, 1997	FRB	Bankers Company of New York	Cease and Desist Order: Mark E. Schindler
Mar 28, 1997	FRB	Bankers Company of New York	Civil Money Penalty $25,000: Mark E. Schindler
Mar 28, 1997	FRB	Bankers Company of New York	Civil Money Penalty $9,000: Grace Koo
Mar 28, 1997	OCC_OTS	Hancock Savings Bank	Cease and Desist: Hancock SB, FSB
Mar 28, 1997	OCC_OTS	Topa Savings Bank	Cease and Desist: Michael E. Taylor
Mar 28, 1997	FRB	Bankers Company of New York	Cease and Desist Order: Grace Koo
Mar 27, 1997	FRB	(individual)	Civil Money Penalty $22,320,000: The International Commercial Bank of China, Taipei, Taiwan
Mar 27, 1997	FRB	(individual)	Cease and Desist Order: The International Commercial Bank of China, Taipei, Taiwan
Mar 24, 1997	OCC_OTS	California Federal Bank, A FSB	Orders of Removal/Prohibition: Eller Hernandez
Mar 20, 1997	OCC	(individual)	Prohibition/Removal Orders: Tsai, David
Mar 20, 1997	OCC	(individual)	C&D or PC&D Requiring Restitution: First Central Bank, N.A.
Mar 20, 1997	OCC	Wells Fargo Bank, N.A.	Prohibition/Removal Orders: Tran, Lisa
Mar 20, 1997	FRB	(individual)	Prohibition from Banking: Juan Echeverri
Mar 20, 1997	OCC_OTS	California Federal Bank, A FSB	Orders of Removal/Prohibition: Lenard Canta
Mar 20, 1997	OCC	(individual)	Civil Money Penalty (CMP): Tsai, David
Mar 20, 1997	OCC	(individual)	C&D or PC&D Requiring Restitution: Tsai, David
Mar 17, 1997	OCC	(individual)	Prohibition/Removal Orders: Rowe, Samuel J.
Mar 17, 1997	OCC_OTS	California Federal Bank, A FSB	Orders of Removal/Prohibition: Julie Bryant
Mar 14, 1997	OCC_OTS	Eureka Homestead	Orders of Removal/Prohibition: Paul D. Clayton
Mar 12, 1997	OCC_OTS	South Bend Federal Savings and Loan Association	Orders of Removal/Prohibition: Dennis D. Konstanty
Mar 7, 1997	FRB	The Bank of Corning Company	Civil Money Penalty $2,000: John W. Gillogly
Mar 7, 1997	FRB	The Bank of Corning Company	Cease and Desist Order: John W. Gillogly
Mar 6, 1997	FRB	Pan American Bank of Miami	Written Agreement: Luis A. Ortega
Mar 6, 1997	OCC_OTS	Bell Federal Savings and Loan Association	Orders of Removal/Prohibition: Veotia R. DaSilva
Mar 6, 1997	FRB	Bankers Company of New York	Cease and Desist Order: Oliver Lu
Mar 6, 1997	FRB	Bankers Company of New York	Civil Money Penalty $50,000: Oliver Lu
Mar 6, 1997	FRB	(individual)	Written Agreement: Interbank Holding Company, Miami, FL
Mar 6, 1997	FRB	Pan American Bank of Miami	Written Agreement: Glenn M. Goldhagen
Mar 5, 1997	OCC	Peoples National Bank of Commerce	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Peoples National Bank of Commerce
Mar 2, 1997	OCC	Bank of America, N.A.	Prohibition/Removal Orders: Lara, Deanna
Feb 26, 1997	FRB	(individual)	Prohibition from Banking: Damian Cope
Feb 25, 1997	OCC	Webster Trust Company, N.A.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Sachem Trust National Association
Feb 24, 1997	OCC_OTS	Bankers Federal Savings FSB	Supervisory Agreement: Bankers Federal Savings, FSB
Feb 21, 1997	OCC	Bank of America, N.A.	Prohibition/Removal Orders: Barnes, Delia
Feb 20, 1997	OCC_OTS	Wayne Bancorp, Inc.	Orders of Removal/Prohibition: Grace M. McKeal
Feb 19, 1997	OCC_OTS	Century Financial Group Inc	Civil Money Penalty: Barry W. Florescue
Feb 19, 1997	OCC_OTS	Century Financial Group Inc	Cease and Desist: Barry W. Florescue
Feb 18, 1997	OCC_OTS	Union Federal Bank, a Federal Savings Bank	Cease and Desist: Edward J. Faneuil
Feb 13, 1997	FRB	The Asahi Bank, Ltd.	Civil Money Penalty $5,000,000: The Asahi Bank, Ltd., Tokyo, Japan and The Asahi Bank, …

Browse adjacent years: 1996 · 1998

Or jump to a category: Failures · Mergers · Enforcement · Assistance