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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 31, 1997 Plains Service Corporation TX PlainsCapital Bank
Dec 31, 1997 Comerica Community Development Corporation MI Comerica Bank
Dec 31, 1997 First Bank of Beverly Hills, State Savings Bank CA First Bank of Beverly Hills
Dec 31, 1997 Consolidated Computer Center, Inc. OH The Park National Bank
Dec 31, 1997 Iowa Financial Bancorporation MN Lakeside Credit Co., Inc.
Dec 31, 1997 The Farmers and Savings Bank, Loudonville, Ohio OH First-Knox National Bank
Dec 31, 1997 Lowell Sun Employees Credit Union MA Jeanne D'Arc Credit Union
Dec 31, 1997 Langdon Bancshares, Inc. ND F & M Bancshares, Inc.
Dec 31, 1997 Culver National Bank CA Bank of Los Angeles
Dec 31, 1997 B. P. Corporation MN Lakeside Credit Co., Inc.
Dec 31, 1997 Alma Bancshares Corporation MO C.S. Bancshares, Inc.
Dec 31, 1997 Central Kansas Bankshares, Inc. KS Central Financial Corporation
Dec 31, 1997 Houston Bancorporation, Inc. TX Popular North America, Inc.
Dec 31, 1997 Coban, Inc. OR The Commercial Bank
Dec 31, 1997 C D S Employees Credit Union IL Valley Bell Credit Union
Dec 31, 1997 (unnamed) — Enterprise Banking, National Association
Dec 31, 1997 The Crockett State Bank TX First National Bank of Huntsville
Dec 31, 1997 Lytton Corporation CA Comerica Holdings Incorporated
Dec 31, 1997 (unnamed) — Sun Security Bank of America
Dec 31, 1997 Firstmondovi, Inc. WI Gebsco, Inc.
Dec 31, 1997 Flagship Bank FSB CA International City Bank Federal Savings Bank
Dec 31, 1997 PNC Bank, Kentucky, Inc. KY PNC Bank, N.A.
Dec 31, 1997 P N C Bank, Indiana, Inc. IN PNC Bank, N.A.
Dec 31, 1997 Atlas Federal Credit Union PA First Commonwealth Federal Credit Union
Dec 31, 1997 Humboldt Bancshares, Inc. KS CGB Acquisition Corporation
Dec 31, 1997 PNC Bank, Ohio, National Association OH PNC Bank, N.A.
Dec 31, 1997 Our Own Hardware Employees Credit Union MN MY Credit Union
Dec 30, 1997 Ford Bank Group, Inc. MN United New Mexico Financial Corporation
Dec 30, 1997 First National Bank of Dayton TX Paradigm Bank Texas
Dec 29, 1997 First Tule Bancorp of Delaware, Inc. DE Blackhawk Bancorporation
Dec 29, 1997 Colorado Business Bank, National Association CO CoBiz Bank
Dec 29, 1997 Bancshares Holding Company DE Independent Bancorp of Arizona, Inc.
Dec 29, 1997 Premier Trust Company VA First Virginia Bank
Dec 29, 1997 Ford Bank Group Holdings, Inc. DE Ford Bank Group, Inc.
Dec 23, 1997 Summit Credit Corp. NJ Summit Bancorp.
Dec 23, 1997 First Interstate Bank, FSB MT First Interstate Bank
Dec 23, 1997 Carolina State Bank NC First Charter Bank
Dec 22, 1997 American Republic Bancshares, Inc. MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 Wyoming National Bancorporation WY Blackhawk Bancorporation
Dec 22, 1997 The Merchants National Bank of Montgomery WV City National Bank of West Virginia
Dec 22, 1997 Alice Bancshares, Inc. MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 Peoples National Bank WV City National Bank of West Virginia
Dec 22, 1997 First State Bank and Trust, National Association WV City National Bank of West Virginia
Dec 22, 1997 Copper Bancshares, Inc. MN Lindeberg Financial Corporation
Dec 22, 1997 Norwest Indiana, Inc. IN Blackhawk Bancorporation
Dec 22, 1997 Goldenbanks of Colorado, Inc. MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 The Old National Bank of Huntington WV City National Bank of West Virginia
Dec 22, 1997 Parker Bankshares, Incorporated MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 The First National Bank of Hinton WV City National Bank of West Virginia
Dec 22, 1997 Valley-Hi Investment Company MN Independent Bancorp of Arizona, Inc.

The list holds 500 of the 1,240 mergers recorded for 1997.

Enforcement Actions in 1997

Action date Agency Institution Action
Feb 13, 1997 FRB The Asahi Bank, Ltd. Cease and Desist Order: The Asahi Bank, Ltd., Tokyo, Japan and The Asahi Bank, …
Feb 7, 1997 OCC Bank of America, N.A. Prohibition/Removal Orders: Oscar, Ammie
Feb 7, 1997 OCC Bank of America, N.A. C&D or PC&D Requiring Restitution: Oscar, Ammie
Feb 5, 1997 FRB Omnibanc Corporation Written Agreement: OmniBanc Corporation, Detroit, MI
Feb 4, 1997 OCC_OTS (individual) Orders of Removal/Prohibition: Richard L. Glachman
Feb 4, 1997 OCC_OTS (individual) Cease and Desist: Joseph Lewis
Feb 4, 1997 OCC_OTS (individual) Cease and Desist: Lawrence J. Winslow
Feb 4, 1997 OCC_OTS First Nationwide Financial Corporation Cease and Desist: Rita Rajaram
Feb 4, 1997 OCC_OTS (individual) Civil Money Penalty: Lawrence J. Winslow
Feb 4, 1997 OCC_OTS (individual) Orders of Removal/Prohibition: Donald Glachman
Feb 4, 1997 OCC_OTS TCF National Bank Illinois Orders of Removal/Prohibition: Joseph Lewis
Feb 4, 1997 OCC_OTS First Nationwide Financial Corporation Orders of Removal/Prohibition: Rita Rajaram
Feb 3, 1997 OCC_OTS (individual) Cease and Desist: Daniel K. Dowling
Jan 31, 1997 FRB Bank of Credit and Commerce International S.A. Prohibition from Banking: Ghaith R. Pharaon
Jan 31, 1997 FRB Bank of Credit and Commerce International S.A. Civil Money Penalty $37,000,000: Ghaith R. Pharaon
Jan 31, 1997 OCC (individual) C&D or PC&D Requiring Restitution: First Central Bank, N.A.
Jan 31, 1997 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Central Bank, N.A.
Jan 23, 1997 OCC High Desert National Bank Prohibition/Removal Orders: Murphy, Bernard H.
Jan 23, 1997 OCC High Desert National Bank Civil Money Penalty (CMP): Murphy, Bernard H.
Jan 22, 1997 FRB Cuyamaca Bank Written Agreement: Cuyamaca Bank, Santee, CA
Jan 21, 1997 FRB Omnibank Written Agreement: OmniBank, River Rouge, MI
Jan 15, 1997 OCC Wells Fargo Bank, N.A. Prohibition/Removal Orders: Miranda, Eduardo
Jan 14, 1997 FRB First American Bankshares, Inc. Notice of Intent: Clark M. Clifford
Jan 14, 1997 FRB Credit Bank Notice of Intent: Robert A. Altman
Jan 13, 1997 FRB Pan American Bank of Miami Written Agreement: The Pan American Bank, Miami, FL
Jan 13, 1997 FRB (individual) Modifications: Steve N. Buerge
Jan 9, 1997 OCC (individual) Civil Money Penalty (CMP): Chuang, Thomas
Jan 9, 1997 OCC_OTS Eureka Homestead Cease and Desist: Karen Johnson
Jan 9, 1997 OCC_OTS Eureka Homestead Orders of Removal/Prohibition: Karen Johnson
Jan 9, 1997 OCC First Central Bank, National Association Civil Money Penalty (CMP): Lee, Henry
Jan 9, 1997 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Lee, Henry
Jan 3, 1997 FRB Bankers Company of New York Civil Money Penalty $25,000: Mark Yale
Jan 3, 1997 FRB Bankers Company of New York Cease and Desist Order: Mark Yale
Jan 2, 1997 FRB Nippon Credit Trust Company Cease and Desist Order: Brian Gager
Jan 2, 1997 FRB Ibj Schroder International Bank Civil Money Penalty $15,000: Roberto A.F. Roberts
Jan 2, 1997 FRB Ibj Schroder International Bank Cease and Desist Order: Roberto A.F. Roberts

Browse adjacent years: 1996 · 1998

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