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 |
|---|---|---|
| Nov 1, 1997 | Capitol Bank and Trust | Banco Popular, Illinois |
| Nov 1, 1997 | F & M Bank-Potosi | F & M Bank-Fennimore |
| Nov 1, 1997 | Farmers and Merchants Bank | Marquette Bank South Dakota, National Association |
| Nov 1, 1997 | Scott County Educational Federal Credit Union | Jackson Area Federal Credit Union |
| Nov 1, 1997 | Capitol Bank of Westmont | Banco Popular, Illinois |
| Nov 1, 1997 | Bank of South Dakota | Marquette Bank South Dakota, National Association |
| Nov 1, 1997 | River Associates Bancorp., Inc. | Popular North America, Inc. |
| Nov 1, 1997 | CNB Financial Corporation | Big Lake Financial Corporation |
| Nov 1, 1997 | Chessie-Newport News Credit Union | Bayport Federal Credit Union |
| Nov 1, 1997 | First State Bank of Uniontown | First National Bank of West Point |
| Nov 1, 1997 | Jefferson Bankshares, Inc. | Wachovia Corporation |
| Oct 31, 1997 | Triangle Bank Leasing Corp. | Triangle Bancorp, Inc. |
| Oct 31, 1997 | The Bank of Winter Park | The Huntington National Bank |
| Oct 31, 1997 | U. S. Bancorp, Inc. | Manufacturers Bank |
| Oct 31, 1997 | Egyptian Bancshares, Inc. | Community Financial Corp. |
| Oct 31, 1997 | Mi-Val B.U.C. Credit Union, Inc. | Day Air Credit Union, Inc. |
| Oct 31, 1997 | First Federal Savings & Loan Association of Chilton County | SouthFirst Bank |
| Oct 31, 1997 | Hath Federal Credit Union | Valley Federal Credit Union |
| Oct 30, 1997 | Atlanta Canco Federal Credit Union | Center Parc Credit Union |
| Oct 29, 1997 | Alhambra Federal Credit Union | F & a Federal Credit Union |
| Oct 29, 1997 | St. Marys Madison Federal Credit Union | Revity Credit Union |
| Oct 28, 1997 | Houston National Bank | Sterling Bank |
| Oct 25, 1997 | Jcpenney National Bank | The First National Bank of Wyoming |
| Oct 25, 1997 | Cushnoc Bank and Trust Company | Northeast Bank |
| Oct 25, 1997 | Prime Bank of Puerto Rico | Eurobank |
| Oct 25, 1997 | Union Bank/Sandwich | Centrue Bank |
| Oct 21, 1997 | Community Bancorporation | Americanwest Bancorporation |
| Oct 20, 1997 | Enterprise National Bank of Sarasota | Provident Bank of Florida |
| Oct 20, 1997 | Premier Bank-Central, National Association | First Vantage Bank /Tri-Cities |
| Oct 20, 1997 | Premier Bank, National Association | First Virginia Bank - Clinch Valley |
| Oct 18, 1997 | Boatmen's Bank of Tennessee | NationsBank of Tennessee, National Association |
| Oct 18, 1997 | Farmers & Merchants Bank of Trenton | Capital City Bank |
| Oct 18, 1997 | (unnamed) | Mercantile Bank of Central Missouri |
| Oct 18, 1997 | Continental Bank | Reliance Federal Savings Bank |
| Oct 18, 1997 | Branford State Bank | Capital City Bank |
| Oct 18, 1997 | Southwest Financial Bank and Trust Company | Suburban Bank & Trust Company |
| Oct 18, 1997 | Levy County State Bank | Capital City Bank |
| Oct 18, 1997 | AMCORE Bank, Belleville | Amcore Bank, National Association, South Central |
| Oct 17, 1997 | People's Bank and Trust Company | Old National Bank |
| Oct 17, 1997 | Sun State Bank | Nevada State Bank |
| Oct 17, 1997 | First Winnebago Corporation | Centre 1 Bancorp, Inc. |
| Oct 17, 1997 | Bank of Boston Connecticut | Fleet National Bank |
| Oct 17, 1997 | Sun State Capital Corporation | Zions Bancorporation |
| Oct 15, 1997 | (unnamed) | Cornerstone Community Bank |
| Oct 14, 1997 | The Old Phoenix National Bank of Medina | Firstmerit Bank, National Association |
| Oct 14, 1997 | EST National Bank | Firstmerit Bank, National Association |
| Oct 11, 1997 | SC Bancorp | Western Bancorp |
| Oct 11, 1997 | Tampico National Bank | UnionBank/Central |
| Oct 11, 1997 | Norwest Bank Texas, South, National Association | Wells Fargo Bank Texas, National Association |
| Oct 11, 1997 | The First National Bank of Manlius | UnionBank/Central |
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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