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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 22, 1997 First Tule Bancorp, Inc. MN Blackhawk Bancorporation
Dec 22, 1997 Comfort Bancshares, Inc. MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 La Porte Bancorp MN Lindeberg Financial Corporation
Dec 22, 1997 Ken-Caryl Investment Company MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 New Braunfels Bancshares, Inc. MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 Am-Can Investments, Inc. MN Blackhawk Bancorporation
Dec 22, 1997 Peoples State Bank, National Association WV City National Bank of West Virginia
Dec 22, 1997 The Home National Bank of Sutton WV City National Bank of West Virginia
Dec 22, 1997 Alexandria Securities and Investment Company MN Lindeberg Financial Corporation
Dec 22, 1997 United Texas Financial Corporation MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 Bank of Montana System MT Lindeberg Financial Corporation
Dec 22, 1997 Bank of Ripley, National Association WV City National Bank of West Virginia
Dec 22, 1997 Blue Ridge Bank, National Association WV City National Bank of West Virginia
Dec 22, 1997 Dickinson Bancorporation, Inc. MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 Babbscha Company MN Independent Bancorp of Arizona, Inc.
Dec 22, 1997 D.L. Bancshares, Inc. MN Lindeberg Financial Corporation
Dec 19, 1997 West-Ark Bancshares, Inc. AR First Commercial Corporation
Dec 17, 1997 Bank Corporation of Georgia GA Century South Banks, Inc.
Dec 16, 1997 Charlotte Observer Employees Credit Union NC Skyla Federal Credit Union
Dec 16, 1997 Entenmanns Employees Credit Union IL Meadows Credit Union
Dec 16, 1997 National Bank of Southern California CA Southern California Bank
Dec 15, 1997 Central Fidelity Banks, Inc. VA Wachovia Corporation
Dec 13, 1997 Citizens Bank of Talladega AL First Citizens Bank
Dec 13, 1997 West Branch State Bank IA First National Bank Iowa
Dec 13, 1997 (unnamed) — Firstar Bank Missouri, National Association
Dec 12, 1997 Zappco, Inc. MN U.S. Bancorp
Dec 12, 1997 Kearny Postal Employees Credit Union NJ Montclair Postal Employees Credit Union
Dec 12, 1997 Citizens Gwinnett Bankshares, Inc. GA Premier Bancshares, Inc.
Dec 11, 1997 Ekco Employees Fcu PA West Branch Valley Federal Credit Union
Dec 9, 1997 Rmi, Inc. WV City National Bank of West Virginia
Dec 8, 1997 Heritage Bank MO Legends Bank
Dec 6, 1997 Bankboyton, a Federal Savings Bank FL Fidelity Federal Bank & Trust
Dec 6, 1997 Marshalltown Savings Bank, FSB IA Home Federal Savings Bank
Dec 6, 1997 Citizens State Bank MO Metropolitan National Bank
Dec 6, 1997 Bank One, Oklahoma City OK Bank One, Oklahoma, National Association
Dec 6, 1997 First National Bank of the Berkshires MA Legacy Banks
Dec 6, 1997 Liberty Bank and Trust Company of Tulsa, National Association OK Bank One Trust Company, N.A.
Dec 5, 1997 Metropolitan Bancshares, Inc. MO Metropolitan National Bank
Dec 5, 1997 High Desert National Bank CA Business Bank of California
Dec 5, 1997 First National Bank of Grapevine TX First State Bank of Texas
Dec 5, 1997 Combancorp CA Popular North America, Inc.
Dec 4, 1997 Menomonie Shares, Inc. WI Dairy State Bancorp, Inc.
Dec 4, 1997 Menomonie Financial Services, Inc. WI Dairy State Bancorp, Inc.
Dec 4, 1997 Talco, Inc. WI Dairy State Bancorp, Inc.
Dec 2, 1997 Amboy Bancorporation NJ Amboy Bancorporation
Dec 2, 1997 County National Bank of South Florida FL Republic Security Bank
Dec 2, 1997 Cascade Community Bank WA Columbia State Bank
Dec 2, 1997 Cascade Bancorp, Inc. WA Columbia Banking System, Inc.
Dec 2, 1997 Golden Bancshares, Inc. IL Mercantile Bancorp, Inc.
Dec 2, 1997 Bank of Fife WA Columbia State Bank

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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