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 |
|---|---|---|
| Dec 2, 1997 | County Financial Corporation | Republic Security Financial Corporation |
| Dec 1, 1997 | M G H Federal Credit Union | Indiana Members Credit Union |
| Dec 1, 1997 | First Bank of the Americas | Commercial Bank of New York |
| Dec 1, 1997 | Libertyville Bancorp, Inc. | Wintrust Financial Corporation |
| Dec 1, 1997 | (unnamed) | First Bank of California |
| Dec 1, 1997 | Tobacco Root Federal Credit Union | High Peaks Federal Credit Union |
| Dec 1, 1997 | Eastern American Bank, Federal Savings Bank | Resource Bank |
| Dec 1, 1997 | Comerica Mortgage Corporation | Comerica Bank |
| Dec 1, 1997 | PNC Trust Company of New York | PNC Bank, N.A. |
| Dec 1, 1997 | Guaranty Bancshares Holding Corporation | M C Bancshares, Inc. |
| Dec 1, 1997 | First American Bancorp | Alabama National Bancorporation |
| Dec 1, 1997 | (unnamed) | Union Planters Bank of Southeast Missouri |
| Dec 1, 1997 | First Acadian Bancshares, Inc. | Union Planters Corporation |
| Dec 1, 1997 | Lake Forest Bancorp, Inc. | Wintrust Financial Corporation |
| Dec 1, 1997 | First National Summit Bankshares, Inc. | Community First Bankshares, Inc. |
| Dec 1, 1997 | MD&F Employees Federal Credit Union | Members Credit Union |
| Dec 1, 1997 | Acadian Bank | Union Planters Bank of Louisiana |
| Dec 1, 1997 | Hinsdale Bancorp, Inc. | Wintrust Financial Corporation |
| Dec 1, 1997 | Guaranty Bank & Trust Company of Morgan City | M C Bank & Trust Company |
| Dec 1, 1997 | PNC National Bank of Delaware | PNC Bank, Delaware |
| Dec 1, 1997 | Fillmore Building & Loan Association | Port Richmond Savings |
| Dec 1, 1997 | PNC Mortgage Bank, N.A. | PNC Bank, N.A. |
| Nov 29, 1997 | Western Community Bank | WestStar Bank |
| Nov 29, 1997 | Signet Bank | Wachovia Bank, N.A. |
| Nov 29, 1997 | Signet Banking Corporation | Wachovia Corporation |
| Nov 29, 1997 | Daniel Employees Credit Union | Members Choice Credit Union |
| Nov 25, 1997 | Republic National Bancorp, Inc. | Community First Bankshares, Inc. |
| Nov 24, 1997 | First Security Bank of Wyoming | Wells Fargo Trust Company, N.A. |
| Nov 24, 1997 | Mount Carmel M B C Credit Union | Wright-Dunbar Area Credit Union, Inc. |
| Nov 24, 1997 | Southlake Bancshares, Inc. | First Financial Bankshares of Delaware, Inc. |
| Nov 24, 1997 | Roscoe Financial Services, Inc. | Roscoe Community Bankshares, Inc. |
| Nov 23, 1997 | Citizens National Bank of Madison | River Valley Financial Bank |
| Nov 22, 1997 | Mercantile Bank, FSB | Mercantile Bank of Eastern Iowa |
| Nov 22, 1997 | First Bank of Deer Park | Bayshore National Bank of La Porte |
| Nov 22, 1997 | First Bank | LegacyTexas Bank |
| Nov 22, 1997 | First Southeast Financial Corporation | The South Financial Group, Inc. |
| Nov 22, 1997 | Naval Hospital Credit Union | Navy Federal Credit Union |
| Nov 22, 1997 | First Federal Savings and Loan Association of Anderson | Carolina First Bank |
| Nov 22, 1997 | Norwest Bank Texas, South Central | Wells Fargo Bank Texas, National Association |
| Nov 22, 1997 | Texas National Bank of Baytown | Bayshore National Bank of La Porte |
| Nov 22, 1997 | Charter State Bank | First National Bank |
| Nov 22, 1997 | The First National Bank of Wilcox | Iowa - Nebraska State Bank |
| Nov 21, 1997 | Apci Plant 4 Federal Credit Union | Apci Federal Credit Union |
| Nov 21, 1997 | Mercantile Bank of Naples | First National Bank of Florida |
| Nov 20, 1997 | Hazelton Bancshares, Inc. | Bank of Hazelton |
| Nov 15, 1997 | Star Financial Bank, Columbia City, Indiana | Star Financial Bank |
| Nov 15, 1997 | Star Financial Bank, New Castle, Indiana | Star Financial Bank |
| Nov 15, 1997 | First American Bank, National Association | Bremer Bank, National Association |
| Nov 15, 1997 | The Chase Manhattan Trust Company of California, N.A. | J.P. Morgan Trust Company, N.A. |
| Nov 15, 1997 | Farmers State Bank | The Farmers State Bank of Union City |
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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