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

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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