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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
Dec 22, 1997 First Tule Bancorp, Inc. MN Blackhawk Bancorporation
Dec 22, 1997 Comfort Bancshares, Inc. MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 La Porte Bancorp MN Lindeberg Financial Corporation
Dec 22, 1997 Ken-Caryl Investment Company MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 New Braunfels Bancshares, Inc. MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 Am-Can Investments, Inc. MN Blackhawk Bancorporation
Dec 22, 1997 Peoples State Bank, National Association WV City National Bank of West Virginia
Dec 22, 1997 The Home National Bank of Sutton WV City National Bank of West Virginia
Dec 22, 1997 Alexandria Securities and Investment Company MN Lindeberg Financial Corporation
Dec 22, 1997 United Texas Financial Corporation MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 Bank of Montana System MT Lindeberg Financial Corporation
Dec 22, 1997 Bank of Ripley, National Association WV City National Bank of West Virginia
Dec 22, 1997 Blue Ridge Bank, National Association WV City National Bank of West Virginia
Dec 22, 1997 Dickinson Bancorporation, Inc. MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 Babbscha Company MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 D.L. Bancshares, Inc. MN Lindeberg Financial Corporation
Dec 19, 1997 West-Ark Bancshares, Inc. AR First Commercial Corporation
Dec 17, 1997 Bank Corporation of Georgia GA Century South Banks, Inc.
Dec 16, 1997 Charlotte Observer Employees Credit Union NC Skyla Federal Credit Union
Dec 16, 1997 Entenmanns Employees Credit Union IL Meadows Credit Union
Dec 16, 1997 National Bank of Southern California CA Southern California Bank
Dec 15, 1997 Central Fidelity Banks, Inc. VA Wachovia Corporation
Dec 13, 1997 Citizens Bank of Talladega AL First Citizens Bank
Dec 13, 1997 West Branch State Bank IA First National Bank Iowa
Dec 13, 1997 (unnamed) — Firstar Bank Missouri, National Association
Dec 12, 1997 Zappco, Inc. MN U.S. Bancorp
Dec 12, 1997 Kearny Postal Employees Credit Union NJ Montclair Postal Employees Credit Union
Dec 12, 1997 Citizens Gwinnett Bankshares, Inc. GA Premier Bancshares, Inc.
Dec 11, 1997 Ekco Employees Fcu PA West Branch Valley Federal Credit Union
Dec 9, 1997 Rmi, Inc. WV City National Bank of West Virginia
Dec 8, 1997 Heritage Bank MO Legends Bank
Dec 6, 1997 Bankboyton, a Federal Savings Bank FL Fidelity Federal Bank & Trust
Dec 6, 1997 Marshalltown Savings Bank, FSB IA Home Federal Savings Bank
Dec 6, 1997 Citizens State Bank MO Metropolitan National Bank
Dec 6, 1997 Bank One, Oklahoma City OK Bank One, Oklahoma, National Association
Dec 6, 1997 First National Bank of the Berkshires MA Legacy Banks
Dec 6, 1997 Liberty Bank and Trust Company of Tulsa, National Association OK Bank One Trust Company, N.A.
Dec 5, 1997 Metropolitan Bancshares, Inc. MO Metropolitan National Bank
Dec 5, 1997 High Desert National Bank CA Business Bank of California
Dec 5, 1997 First National Bank of Grapevine TX First State Bank of Texas
Dec 5, 1997 Combancorp CA Popular North America, Inc.
Dec 4, 1997 Menomonie Shares, Inc. WI Dairy State Bancorp, Inc.
Dec 4, 1997 Menomonie Financial Services, Inc. WI Dairy State Bancorp, Inc.
Dec 4, 1997 Talco, Inc. WI Dairy State Bancorp, Inc.
Dec 2, 1997 Amboy Bancorporation NJ Amboy Bancorporation
Dec 2, 1997 County National Bank of South Florida FL Republic Security Bank
Dec 2, 1997 Cascade Community Bank WA Columbia State Bank
Dec 2, 1997 Cascade Bancorp, Inc. WA Columbia Banking System, Inc.
Dec 2, 1997 Golden Bancshares, Inc. IL Mercantile Bancorp, Inc.
Dec 2, 1997 Bank of Fife WA Columbia State Bank

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, …

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