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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 2, 1997 County Financial Corporation FL Republic Security Financial Corporation
Dec 1, 1997 M G H Federal Credit Union IN Indiana Members Credit Union
Dec 1, 1997 First Bank of the Americas NY Commercial Bank of New York
Dec 1, 1997 Libertyville Bancorp, Inc. IL Wintrust Financial Corporation
Dec 1, 1997 (unnamed) — First Bank of California
Dec 1, 1997 Tobacco Root Federal Credit Union MT High Peaks Federal Credit Union
Dec 1, 1997 Eastern American Bank, Federal Savings Bank VA Resource Bank
Dec 1, 1997 Comerica Mortgage Corporation MI Comerica Bank
Dec 1, 1997 PNC Trust Company of New York NY PNC Bank, N.A.
Dec 1, 1997 Guaranty Bancshares Holding Corporation LA M C Bancshares, Inc.
Dec 1, 1997 First American Bancorp AL Alabama National Bancorporation
Dec 1, 1997 (unnamed) — Union Planters Bank of Southeast Missouri
Dec 1, 1997 First Acadian Bancshares, Inc. LA Union Planters Corporation
Dec 1, 1997 Lake Forest Bancorp, Inc. IL Wintrust Financial Corporation
Dec 1, 1997 First National Summit Bankshares, Inc. CO Community First Bankshares, Inc.
Dec 1, 1997 MD&F Employees Federal Credit Union NC Members Credit Union
Dec 1, 1997 Acadian Bank LA Union Planters Bank of Louisiana
Dec 1, 1997 Hinsdale Bancorp, Inc. IL Wintrust Financial Corporation
Dec 1, 1997 Guaranty Bank & Trust Company of Morgan City LA M C Bank & Trust Company
Dec 1, 1997 PNC National Bank of Delaware DE PNC Bank, Delaware
Dec 1, 1997 Fillmore Building & Loan Association PA Port Richmond Savings
Dec 1, 1997 PNC Mortgage Bank, N.A. PA PNC Bank, N.A.
Nov 29, 1997 Western Community Bank CO WestStar Bank
Nov 29, 1997 Signet Bank VA Wachovia Bank, N.A.
Nov 29, 1997 Signet Banking Corporation VA Wachovia Corporation
Nov 29, 1997 Daniel Employees Credit Union TX Members Choice Credit Union
Nov 25, 1997 Republic National Bancorp, Inc. AZ Community First Bankshares, Inc.
Nov 24, 1997 First Security Bank of Wyoming WY Wells Fargo Trust Company, N.A.
Nov 24, 1997 Mount Carmel M B C Credit Union OH Wright-Dunbar Area Credit Union, Inc.
Nov 24, 1997 Southlake Bancshares, Inc. TX First Financial Bankshares of Delaware, Inc.
Nov 24, 1997 Roscoe Financial Services, Inc. SD Roscoe Community Bankshares, Inc.
Nov 23, 1997 Citizens National Bank of Madison IN River Valley Financial Bank
Nov 22, 1997 Mercantile Bank, FSB IA Mercantile Bank of Eastern Iowa
Nov 22, 1997 First Bank of Deer Park TX Bayshore National Bank of La Porte
Nov 22, 1997 First Bank TX LegacyTexas Bank
Nov 22, 1997 First Southeast Financial Corporation SC The South Financial Group, Inc.
Nov 22, 1997 Naval Hospital Credit Union VA Navy Federal Credit Union
Nov 22, 1997 First Federal Savings and Loan Association of Anderson SC Carolina First Bank
Nov 22, 1997 Norwest Bank Texas, South Central TX Wells Fargo Bank Texas, National Association
Nov 22, 1997 Texas National Bank of Baytown TX Bayshore National Bank of La Porte
Nov 22, 1997 Charter State Bank AR First National Bank
Nov 22, 1997 The First National Bank of Wilcox NE Iowa - Nebraska State Bank
Nov 21, 1997 Apci Plant 4 Federal Credit Union PA Apci Federal Credit Union
Nov 21, 1997 Mercantile Bank of Naples FL First National Bank of Florida
Nov 20, 1997 Hazelton Bancshares, Inc. ND Bank of Hazelton
Nov 15, 1997 Star Financial Bank, Columbia City, Indiana IN Star Financial Bank
Nov 15, 1997 Star Financial Bank, New Castle, Indiana IN Star Financial Bank
Nov 15, 1997 First American Bank, National Association ND Bremer Bank, National Association
Nov 15, 1997 The Chase Manhattan Trust Company of California, N.A. CA J.P. Morgan Trust Company, N.A.
Nov 15, 1997 Farmers State Bank IN The Farmers State Bank of Union City

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

Enforcement Actions in 1997

Action date Agency Institution Action
Dec 31, 1997 OCC AMCORE Bank, N.A. Civil Money Penalty (CMP): Amcore Bank, N.A., Rock River Valley
Dec 31, 1997 OCC AMCORE Bank, N.A. Civil Money Penalty (CMP): Amcore Bank, N.A., Rockford
Dec 30, 1997 OCC Stearns Bank N.A. Civil Money Penalty (CMP): McNeil, Michael
Dec 30, 1997 OCC Stearns Bank N.A. Civil Money Penalty (CMP): Herges, John E.
Dec 30, 1997 FRB Zia New Mexico Bank Civil Money Penalty $5,000: G.A. Poling, Jr.
Dec 30, 1997 OCC Stearns Bank N.A. Civil Money Penalty (CMP): Skalicky, Norman C.
Dec 18, 1997 OCC The National Bank of Madisonville Formal Agreement: The National Bank of Madisonville
Dec 17, 1997 OCC Wells Fargo Bank (Colorado), National Association Prohibition/Removal Orders: Lewis, Robert W.
Dec 17, 1997 OCC Wells Fargo Bank, N.A. Civil Money Penalty (CMP): Lewis, Robert Waldo
Dec 17, 1997 OCC Wells Fargo Bank, N.A. C&D or PC&D Requiring Restitution: Lewis, Robert W.
Dec 15, 1997 OCC_OTS Oak Tree Federal Savings Bank Cease and Desist: Kiran A. Phansalkar
Dec 15, 1997 FRB Chemical New York, Inc. Cease and Desist Order: Patti Colbourn
Dec 11, 1997 OCC_OTS Snyder Savings and Loan Association Termination of Cease and Desist: J. B. Tate, Jr.
Dec 11, 1997 OCC_OTS California Federal Bank, A FSB Orders of Removal/Prohibition: Milton Alfredo Rodriguez
Dec 8, 1997 OCC Sanpaolo Imi S.P.A. Prohibition/Removal Orders: Locci, Massimiliano
Dec 8, 1997 OCC Sanpaolo Imi S.P.A. Civil Money Penalty (CMP): Locci, Massimiliano
Dec 8, 1997 OCC Sanpaolo Imi S.P.A. C&D or PC&D Requiring Restitution: Locci, Massimiliano
Dec 8, 1997 OCC_OTS Doolin Security Savings Bank, FSB Decision/Opinion and Order: Doolin Security SB, FSB
Dec 5, 1997 OCC (individual) Securities Enforcement Action: Commerce Bank, N.A.
Dec 5, 1997 OCC NBD Leasing, Inc. Prohibition/Removal Orders: Schwomeyer, Kerri F.
Dec 5, 1997 OCC Bank of America, N.A. Prohibition/Removal Orders: Blanks, Danielle S.
Dec 5, 1997 OCC Bank of America, N.A. C&D or PC&D Requiring Restitution: Blanks, Danielle Sheree
Dec 4, 1997 OCC_OTS Shore Financial Corporation Supervisory Agreement: Shore Bank
Dec 3, 1997 OCC_OTS The Cheviot Building and Loan Company Supervisory Agreement: The Cheviot Building and Loan Company
Dec 2, 1997 OCC Capital Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Rozenblum, Martin
Nov 21, 1997 FRB The Bank of New York Canada Prohibition from Banking: Eric Charles Dill
Nov 19, 1997 OCC_OTS (individual) Supervisory Agreement: Lee D. Adamanatidis
Nov 17, 1997 OCC_OTS First Federal Savings Bank Termination of Cease and Desist: Edmund R. Lehman
Nov 12, 1997 FRB Putnam-Greene Financial Corporation Cease and Desist Order: Putnam-Greene Financial Corporation, Eatonton, GA
Nov 8, 1997 OCC First National Bank of Ventura Prohibition/Removal Orders: Zingg, Robert P.
Nov 8, 1997 OCC Progressive National Bank C&D or PC&D Requiring Restitution: Palumbo, Luther P.
Nov 8, 1997 OCC First National Bank of Ventura C&D or PC&D Requiring Restitution: Zingg, Robert P.
Nov 8, 1997 OCC Progressive National Bank Civil Money Penalty (CMP): Palumbo, Luther P.
Nov 8, 1997 OCC First National Bank of Ventura Civil Money Penalty (CMP): Zingg, Robert P.
Nov 8, 1997 OCC Bank of America, N.A. Prohibition/Removal Orders: McRoyal, Shonn
Nov 8, 1997 OCC Progressive National Bank Prohibition/Removal Orders: Palumbo, Luther P.
Nov 7, 1997 OCC_OTS Family Bank Orders of Removal/Prohibition: Gaile D. Amos
Nov 6, 1997 OCC_OTS First New Mexico Bank Orders of Removal/Prohibition: Melissa J. Acuna
Nov 4, 1997 FRB Banco de La Provincia De Buenos Aires Prohibition from Banking: Luis Carrizo
Nov 1, 1997 OCC Bank of America, N.A. Prohibition/Removal Orders: Grey, Y'Nischa
Nov 1, 1997 OCC Bank of America, N.A. C&D or PC&D Requiring Restitution: Grey, Y'Nischa
Oct 28, 1997 OCC_OTS (individual) Cease and Desist: Girard SB, FSB
Oct 28, 1997 OCC_OTS (individual) Cease and Desist: First Bank of Beveraly Hills, FSB
Oct 27, 1997 OCC Citizens National Bank Civil Money Penalty (CMP): Hughes, Bob G.
Oct 27, 1997 OCC Citizens National Bank Civil Money Penalty (CMP): Mize, R. Ronald
Oct 24, 1997 FRB Banco Popular de Puerto Rico Prohibition from Banking: Jose E. Romero Muniz
Oct 24, 1997 OCC_OTS St. Edmond's Federal Savings Bank Cease and Desist: George J. Piccoli, Jr.
Oct 24, 1997 OCC_OTS St. Edmond's Federal Savings Bank Civil Money Penalty: George J. Piccoli, Jr.
Oct 22, 1997 OCC_OTS United Savings Association of Texas Orders of Removal/Prohibition: Ali R. Davoudi
Oct 17, 1997 OCC Marble Falls National Bank Safety and Soundness Order (issued under 12 CFR 30): Marble Falls National Bank

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