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 |
|---|---|---|
| Sep 30, 1997 | Computer Systems International, Ltd. | Hawaii National Bank |
| Sep 30, 1997 | FMB-Trust | The Huntington National Bank |
| Sep 30, 1997 | First City Bancorp, Inc. | Barnett Banks, Inc. |
| Sep 30, 1997 | Pemi Bancorp, Inc. | Northway Financial, Inc. |
| Sep 30, 1997 | First Michigan Bank Corporation | Huntington Bancshares Incorporated |
| Sep 30, 1997 | FMB-Maynard Allen Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Old State Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Reed City Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-State Savings Bank | The Huntington National Bank |
| Sep 30, 1997 | Greer Homelite Employees Federal Credit Union | Empeople Credit Union |
| Sep 30, 1997 | FMB-Oceana Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Northwestern Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Sault Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-First Michigan Bank | The Huntington National Bank |
| Sep 30, 1997 | Walnut Mutual Benefit Association Credit Union | American Mutual Credit Union, Inc |
| Sep 30, 1997 | FMB-First Michigan Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Lumberman's Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Community Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Security Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Commercial Bank | The Huntington National Bank |
| Sep 30, 1997 | Reliable Financial Corporation | First Commonwealth Financial Corporation |
| Sep 30, 1997 | FMB-Arcadia Bank | The Huntington National Bank |
| Sep 29, 1997 | First McKinney Bancshares, Inc. | Plano Bancshares of Delaware, Inc. |
| Sep 27, 1997 | First Savings Bank of Rockingham County, SSB | First-Citizens Bank & Trust Company |
| Sep 27, 1997 | First Savings Financial Corp. | First Citizens Bancshares, Inc. |
| Sep 27, 1997 | Great Lakes National Bank Ohio | TCF National Bank |
| Sep 27, 1997 | (unnamed) | Financial Trust Company |
| Sep 27, 1997 | Reliable Savings Bank | First Commonwealth Bank |
| Sep 27, 1997 | First National Bank and Trust Co. | Financial Trust Company |
| Sep 26, 1997 | Lincoln Federal Savings Bank | Farmers Deposit Bank of Middleburg, Inc. |
| Sep 26, 1997 | Lincoln Financial Bancorp, Inc. | Middleburg Bancorp, Inc. |
| Sep 26, 1997 | Farmers Investment Corporation | (unnamed) |
| Sep 26, 1997 | Regions Bank of Florida | Regions Bank |
| Sep 25, 1997 | (unnamed) | Community Financial Services, Inc. |
| Sep 22, 1997 | Premier Bank-South, National Association | First Virginia Bank-Southwest |
| Sep 22, 1997 | United Carolina Bank | Truist Bank |
| Sep 22, 1997 | United Carolina Bank of South Carolina | Branch Banking and Trust Company of South Carolina |
| Sep 22, 1997 | Vermont Federal Bank, FSB | Vermont National Bank |
| Sep 20, 1997 | The Peoples National Bank | Gold BANK |
| Sep 20, 1997 | Haverfield Corporation | Charter One Financial, Inc. |
| Sep 20, 1997 | Bank Wisconsin | St. Francis Bank, F.S.B. |
| Sep 20, 1997 | Boatmen's Trust Company of Texas | NationsBank of Texas, National Association |
| Sep 20, 1997 | Boatmen's Trust Company of Kansas | Bank of America, N.A. |
| Sep 20, 1997 | Matewan National Bank/Kentucky | The Matewan National Bank |
| Sep 20, 1997 | First Federal Savings and Loan Association of Osceola County | Republic Bank |
| Sep 20, 1997 | Home Bank, F.S.B. | Charter One Bank, National Association |
| Sep 20, 1997 | Citizens State Bank | State Bank |
| Sep 20, 1997 | Perry County Bank | Trustmark Bank |
| Sep 19, 1997 | Barnett Bank of Southwest Georgia | SouthTrust Bank |
| Sep 19, 1997 | First Federal Savings Bank of New Smyrna | Regions Bank of Florida |
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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