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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
Oct 11, 1997 Laurel Bank PA Promistar Bank
Oct 11, 1997 Norwest Bank Texas, North Central TX Wells Fargo Bank Texas, National Association
Oct 11, 1997 Fayette Bank PA Promistar Bank
Oct 6, 1997 First State Bank OK Stride Bank, N.A.
Oct 4, 1997 RCSB Financial, Inc. NY Charter-Michigan Bancorp, Inc.
Oct 4, 1997 The Rochester Community Savings Bank NY Charter One Bank, National Association
Oct 4, 1997 Mercantile Bank IL Mercantile Bank of Eastern Iowa
Oct 4, 1997 Wilbur Savings Bank PA Ambassador Bank of the Commonwealth
Oct 4, 1997 Mercantile Bank of Dubuque, National Association IA Mercantile Bank of Eastern Iowa
Oct 2, 1997 Unity Savings Bank OH Oak Hill Banks
Oct 2, 1997 Linden Power Federal Credit Union NJ P S Burlington Employees Federal Credit Union
Oct 2, 1997 Sparbank, Incorporated IL First Midwest Bancorp, Inc.
Oct 2, 1997 United Bank KS Prairie Bank of Kansas
Oct 2, 1997 Prime Bank PA Prime Bank
Oct 2, 1997 R R B Federal Credit Union IL Great Lakes Credit Union
Oct 2, 1997 First Independence Bank of Florida FL Colonial Bank
Oct 1, 1997 SBT Bancshares, Inc. TN Union Planters Community Bancorp, Inc.
Oct 1, 1997 Southwest Financial Group of Iowa, Inc. IA Houghton State Bank
Oct 1, 1997 Farmers Bancshares of Oberlin, Inc. KS Gold Banc Acquisition Corp, Inc. II
Oct 1, 1997 Citizens of Hardeman County Financial Services TN Union Planters Community Bancorp, Inc.
Oct 1, 1997 Beckley Federal Savings Bank WV Bank of Raleigh
Oct 1, 1997 Security Capital Corporation WI M&I LLC
Oct 1, 1997 Pacesetter Bank of Montpelier IN Pacesetter Bank
Oct 1, 1997 Emerson State Bank IA Houghton State Bank
Oct 1, 1997 0IGHWAY Clippers Federal Credit Union MN West Financial Credit Union
Oct 1, 1997 Parky Maryland Federal Credit Union MD Freedom of Maryland Federal Credit Union
Oct 1, 1997 Texas Heritage Federal Credit Union TX Alliance Credit Union
Oct 1, 1997 Tri-City Federal Credit Union WA Hapo Community Credit Union
Oct 1, 1997 Delta Federal Savings, F.S.B. CO First Federal Bank of Colorado
Oct 1, 1997 The Whiteville Bank TN Union Planters Bank of Southwest Tennessee
Oct 1, 1997 Hawaiian Trust Company, Limited HI Bank of Hawaii
Oct 1, 1997 Wolfe Baron State Credit Union PA Delco Postal Cu
Oct 1, 1997 Guam Federal Credit Union NJ Delaware First Federal Credit Union
Oct 1, 1997 Security Bank, S.S.B. WI M&I Marshall and Ilsley Bank
Oct 1, 1997 NBD Bank, National Association IL Bank One, National Association
Oct 1, 1997 Great Western Bank, a Federal Savings Bank CA Washington Mutual Bank
Oct 1, 1997 Stockmens Bank, National Association SD Stockmens National Bank
Oct 1, 1997 Thrift Drug Federal Credit Union PA Ecu Credit Union
Oct 1, 1997 South Weymouth Savings Bank MA South Shore Bank
Oct 1, 1997 Puget Sound Energy Federal Credit Union WA Puget Sound Cooperative Credit Union
Oct 1, 1997 Citizens State Bank of Santa Paula CA Santa Barbara Bank & Trust, National Association
Oct 1, 1997 Western Division P.S.P.& L. Employees Credit Union WA Puget Sound Cooperative Credit Union
Oct 1, 1997 Robbins Tire and Rubber Credit Union AL Valley Credit Union
Oct 1, 1997 The Greater New York Savings Bank NY Astoria Bank
Oct 1, 1997 City Savings Bank IN Pacesetter Bank
Oct 1, 1997 Atlantic Bank, N.A. ME TD Bank, N.A.
Oct 1, 1997 Stocktel Federal Credit Union CA Central State Credit Union
Oct 1, 1997 Ringling State Bank OK First National Bank and Trust Company of Ardmore
Oct 1, 1997 First Bank & Trust of Clarendon TX Herring Bank
Sep 30, 1997 FMB Title Services, Inc. MI The Huntington National Bank

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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