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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 15, 1997 Heartland Savings Bank IL First Mid Bank & Trust, N.A.
Nov 15, 1997 Chase Trust Company of California CA J.P. Morgan Trust Company, N.A.
Nov 15, 1997 GB Bancorporation CA Zions Bancorporation
Nov 15, 1997 Star Financial Bank, Marion IN Star Financial Bank
Nov 14, 1997 First Commercial Bank, SSB OK Citizens Bank
Nov 14, 1997 American National Savings Bank, Federal Savings Bank MD Crestar Bank
Nov 14, 1997 Glenwood Bancshares, Inc. WI Hiawatha Bancshares, Inc.
Nov 14, 1997 Fleet Bank NY Fleet National Bank
Nov 14, 1997 Roosevelt Bank MO Firstar Bank Missouri, National Association
Nov 13, 1997 Texas Bank TX Bayshore National Bank of La Porte
Nov 13, 1997 S&S Machinery Credit Union VA Beacon Credit Union Incorporated
Nov 11, 1997 Homestead Bank, S.S.B. TX Planters & Merchants State Bank
Nov 11, 1997 1st United Bancorp FL Wachovia Corporation
Nov 10, 1997 Southern Security Bank Corporation FL Sun American Bancorp
Nov 8, 1997 Unicorp Bancshares-Texas, Inc. TX Hibernia Corporation
Nov 8, 1997 Farmers State Bank of Ferris IL Union Bank/West
Nov 8, 1997 Investors Savings Bank of South Carolina, Incorporated SC Peoples Federal Savings and Loan Association
Nov 8, 1997 OrangeBank TX Hibernia National Bank of Texas
Nov 7, 1997 First State Bank and Trust Company LA Peoples Bank & Trust Company
Nov 7, 1997 Regions Bank, National Association FL Regions Bank
Nov 7, 1997 Planters Bank and Trust Company of Claiborne Parish LA Peoples Bank & Trust Company
Nov 7, 1997 Investors Bancorporation, Inc. WI Citizens Bancshares of Woodville, Inc.
Nov 6, 1997 University Bank TX International Bank of Commerce
Nov 6, 1997 University Bancshares, Inc. TX International Bancshares Corporation
Nov 6, 1997 San Gabriel Valley Bank CA Pacific Business Bank
Nov 1, 1997 Citizens Bancorp of Delaware, Inc. DE Delaware Financial, Inc.
Nov 1, 1997 CNB Bancshares of Victoria, Inc. TX Delaware Financial, Inc.
Nov 1, 1997 Magna Bancorp, Inc. MS Union Planters Corporation
Nov 1, 1997 Bancunion Corp. WI F & M Merger Corporation
Nov 1, 1997 CBC Bancorp, Ltd. IL Popular North America, Inc.
Nov 1, 1997 Pioneer Bancorp, Inc. IL Popular North America, Inc.
Nov 1, 1997 First Charter Bancshares, Inc. AR First Commercial Corporation
Nov 1, 1997 Pacific National Bank of Nantucket MA Fleet National Bank
Nov 1, 1997 F & M Bank-Lancaster WI F & M Bank-Fennimore
Nov 1, 1997 Magnolia Federal Bank for Savings MS Union Planters Bank of Southern Mississippi
Nov 1, 1997 First New London Savings and Loan Association Incorporated CT Liberty Bank
Nov 1, 1997 Tri-County State Bank SD Marquette Bank South Dakota, National Association
Nov 1, 1997 (unnamed) — Banco Popular, Illinois
Nov 1, 1997 One Valley Bank, FSB WV One Valley Bank, National Association
Nov 1, 1997 Dakota State Bank SD Marquette Bank South Dakota, National Association
Nov 1, 1997 National City Bank, Northwest OH National City Bank
Nov 1, 1997 Primary Bank NH Granite Bank
Nov 1, 1997 National City Bank of Ashland OH National City Bank
Nov 1, 1997 Greater York Municipal Employees Federal Credit Union PA White Rose Credit Union
Nov 1, 1997 First Bank IL First Bank
Nov 1, 1997 National City Bank, Northeast OH National City Bank
Nov 1, 1997 First Bank, A Federal Savings Bank MO First Bank
Nov 1, 1997 Morehouse School Employees Federal Credit Union LA Shreveport Federal Credit Union
Nov 1, 1997 Associated Credit Union GA Associated Credit Union
Nov 1, 1997 Van Wert National Bank OH Community First Bank & Trust

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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