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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
Sep 30, 1997 Computer Systems International, Ltd. HI Hawaii National Bank
Sep 30, 1997 FMB-Trust MI The Huntington National Bank
Sep 30, 1997 First City Bancorp, Inc. GA Barnett Banks, Inc.
Sep 30, 1997 Pemi Bancorp, Inc. NH Northway Financial, Inc.
Sep 30, 1997 First Michigan Bank Corporation MI Huntington Bancshares Incorporated
Sep 30, 1997 FMB-Maynard Allen Bank MI The Huntington National Bank
Sep 30, 1997 FMB-Old State Bank MI The Huntington National Bank
Sep 30, 1997 FMB-Reed City Bank MI The Huntington National Bank
Sep 30, 1997 FMB-State Savings Bank MI The Huntington National Bank
Sep 30, 1997 Greer Homelite Employees Federal Credit Union SC Empeople Credit Union
Sep 30, 1997 FMB-Oceana Bank MI The Huntington National Bank
Sep 30, 1997 FMB-Northwestern Bank MI The Huntington National Bank
Sep 30, 1997 FMB-Sault Bank MI The Huntington National Bank
Sep 30, 1997 FMB-First Michigan Bank MI The Huntington National Bank
Sep 30, 1997 Walnut Mutual Benefit Association Credit Union CT American Mutual Credit Union, Inc
Sep 30, 1997 FMB-First Michigan Bank MI The Huntington National Bank
Sep 30, 1997 FMB-Lumberman's Bank MI The Huntington National Bank
Sep 30, 1997 FMB-Community Bank MI The Huntington National Bank
Sep 30, 1997 FMB-Security Bank MI The Huntington National Bank
Sep 30, 1997 FMB-Commercial Bank MI The Huntington National Bank
Sep 30, 1997 Reliable Financial Corporation PA First Commonwealth Financial Corporation
Sep 30, 1997 FMB-Arcadia Bank MI The Huntington National Bank
Sep 29, 1997 First McKinney Bancshares, Inc. TX Plano Bancshares of Delaware, Inc.
Sep 27, 1997 First Savings Bank of Rockingham County, SSB NC First-Citizens Bank & Trust Company
Sep 27, 1997 First Savings Financial Corp. NC First Citizens Bancshares, Inc.
Sep 27, 1997 Great Lakes National Bank Ohio OH TCF National Bank
Sep 27, 1997 (unnamed) — Financial Trust Company
Sep 27, 1997 Reliable Savings Bank PA First Commonwealth Bank
Sep 27, 1997 First National Bank and Trust Co. PA Financial Trust Company
Sep 26, 1997 Lincoln Federal Savings Bank KY Farmers Deposit Bank of Middleburg, Inc.
Sep 26, 1997 Lincoln Financial Bancorp, Inc. KY Middleburg Bancorp, Inc.
Sep 26, 1997 Farmers Investment Corporation AR (unnamed)
Sep 26, 1997 Regions Bank of Florida FL Regions Bank
Sep 25, 1997 (unnamed) — Community Financial Services, Inc.
Sep 22, 1997 Premier Bank-South, National Association VA First Virginia Bank-Southwest
Sep 22, 1997 United Carolina Bank NC Truist Bank
Sep 22, 1997 United Carolina Bank of South Carolina SC Branch Banking and Trust Company of South Carolina
Sep 22, 1997 Vermont Federal Bank, FSB VT Vermont National Bank
Sep 20, 1997 The Peoples National Bank OK Gold BANK
Sep 20, 1997 Haverfield Corporation OH Charter One Financial, Inc.
Sep 20, 1997 Bank Wisconsin WI St. Francis Bank, F.S.B.
Sep 20, 1997 Boatmen's Trust Company of Texas TX NationsBank of Texas, National Association
Sep 20, 1997 Boatmen's Trust Company of Kansas KS Bank of America, N.A.
Sep 20, 1997 Matewan National Bank/Kentucky KY The Matewan National Bank
Sep 20, 1997 First Federal Savings and Loan Association of Osceola County FL Republic Bank
Sep 20, 1997 Home Bank, F.S.B. OH Charter One Bank, National Association
Sep 20, 1997 Citizens State Bank TX State Bank
Sep 20, 1997 Perry County Bank MS Trustmark Bank
Sep 19, 1997 Barnett Bank of Southwest Georgia GA SouthTrust Bank
Sep 19, 1997 First Federal Savings Bank of New Smyrna FL Regions Bank of Florida

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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