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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
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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