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 17, 1997 | Compass Bank | BBVA USA |
| Sep 16, 1997 | Dadeland Bank | Colonial Bank |
| Sep 16, 1997 | Dadeland Bancshares, Inc. | The Colonial Bancgroup, Inc. |
| Sep 15, 1997 | Jefferson Bank | Iberiabank |
| Sep 13, 1997 | The First National Bank of Eden | Great Plains Bank |
| Sep 13, 1997 | (unnamed) | MidFirst Bank |
| Sep 13, 1997 | First Clayton Bancshares, Inc | United Community Banks, Inc. |
| Sep 12, 1997 | Florida Gulfcoast Bancorp, Inc. | Fgbi Acquisition Corp. |
| Sep 10, 1997 | New York FSB | Flushing Bank |
| Sep 9, 1997 | First Western Bank, F.S.B. | First Western Bank, National Association |
| Sep 9, 1997 | Commonwealth State Bank | Main Line Bank |
| Sep 9, 1997 | Penncore Financial Services Corporation | ML Bancorp |
| Sep 8, 1997 | Firstar National Bank | Firstar Bank Iowa, National Association |
| Sep 5, 1997 | Standard Federal Bank for Savings | TCF National Bank Illinois |
| Sep 5, 1997 | Citizens State Bank in Galena | Community Bank and Trust |
| Sep 5, 1997 | Manufacturers Bank | Manufacturers Bank |
| Sep 5, 1997 | SunTrust Bank, Northeast Tennessee, National Association | SunTrust Bank, East Tennessee, National Association |
| Sep 4, 1997 | Halo Bancorporation, Inc. | Bremer Financial Corporation |
| Sep 3, 1997 | Fredonia Bancshares, Inc. | First United of Texas, Inc |
| Sep 3, 1997 | Fredonia Bancshares of Delaware, Inc. | First United of Texas, Inc |
| Sep 2, 1997 | Holy Name Parish Credit Union, Inc. | Firefighters Community Cu |
| Sep 2, 1997 | LaSalle Bank | LaSalle Bank National Association |
| Sep 2, 1997 | Lasalle Bank Illinois | LaSalle Bank National Association |
| Sep 2, 1997 | Saint Joseph Medical Center Federal Credit Union | New Century Federal Credit Union |
| Sep 2, 1997 | Highway Credit Union | Indiana Members Credit Union |
| Sep 1, 1997 | CNB Bancorp, Inc. | Cbi-Kansas, Inc. |
| Sep 1, 1997 | Michigan Bank, Federal Savings Bank | LaSalle Bank Midwest National Association |
| Sep 1, 1997 | Providence Saint Vincent Federal Credit Union | Providence Federal Credit Union |
| Sep 1, 1997 | Goodland State Bank | MainSource Bank of Illinois |
| Sep 1, 1997 | Houston TWC Federal Credit Union | Houston Highway Credit Union |
| Sep 1, 1997 | Corn Belt Credit Union | Veridian Credit Union |
| Sep 1, 1997 | Midstate Bancorp | Midstate Bancorp, Inc. |
| Sep 1, 1997 | Washington Trades Credit Union | Qualstar Credit Union |
| Sep 1, 1997 | Nacogdoches Public Employee Credit Union | Doches Credit Union |
| Sep 1, 1997 | Minnesota State University Student Association Federal Credit Union | Affinity Plus Federal Credit Union |
| Aug 31, 1997 | Boatmen's Service Company, Inc. | NB Holdings Corporation |
| Aug 31, 1997 | Collin County National Bank | Hibernia National Bank of Texas |
| Aug 31, 1997 | Savers Federal Credit Union | Ocean Communities Federal Credit Union |
| Aug 31, 1997 | First National Bank of Paris | Hibernia National Bank of Texas |
| Aug 31, 1997 | Executive Bancshares, Inc. | Hibernia Corporation |
| Aug 30, 1997 | Reliance Financial, Inc. | Allegiant Bancorp, Incorporated |
| Aug 30, 1997 | Bankers Corp. | Sovereign Bancorp, Inc. |
| Aug 30, 1997 | Saint Pauls Lafayette Federal Credit Union | Saint Jules Credit Union |
| Aug 30, 1997 | Community Bankshares, Inc. | CFX Corporation |
| Aug 30, 1997 | Portsmouth Bank Shares, Inc. | CFX Corporation |
| Aug 30, 1997 | Brecksville Vah Federal Credit Union | Century Federal Credit Union |
| Aug 30, 1997 | Bankers Savings | Santander Bank, N.A. |
| Aug 30, 1997 | Concord Savings Bank | CFX Bank |
| Aug 30, 1997 | China Trust Bank of New York | CTBC Bank Corp. (USA) |
| Aug 30, 1997 | Portsmouth Savings Bank | CFX 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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