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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 17, 1997 Compass Bank FL BBVA USA
Sep 16, 1997 Dadeland Bank FL Colonial Bank
Sep 16, 1997 Dadeland Bancshares, Inc. FL The Colonial Bancgroup, Inc.
Sep 15, 1997 Jefferson Bank LA Iberiabank
Sep 13, 1997 The First National Bank of Eden SD Great Plains Bank
Sep 13, 1997 (unnamed) — MidFirst Bank
Sep 13, 1997 First Clayton Bancshares, Inc GA United Community Banks, Inc.
Sep 12, 1997 Florida Gulfcoast Bancorp, Inc. FL Fgbi Acquisition Corp.
Sep 10, 1997 New York FSB NY Flushing Bank
Sep 9, 1997 First Western Bank, F.S.B. PA First Western Bank, National Association
Sep 9, 1997 Commonwealth State Bank PA Main Line Bank
Sep 9, 1997 Penncore Financial Services Corporation PA ML Bancorp
Sep 8, 1997 Firstar National Bank IA Firstar Bank Iowa, National Association
Sep 5, 1997 Standard Federal Bank for Savings IL TCF National Bank Illinois
Sep 5, 1997 Citizens State Bank in Galena KS Community Bank and Trust
Sep 5, 1997 Manufacturers Bank IL Manufacturers Bank
Sep 5, 1997 SunTrust Bank, Northeast Tennessee, National Association TN SunTrust Bank, East Tennessee, National Association
Sep 4, 1997 Halo Bancorporation, Inc. ND Bremer Financial Corporation
Sep 3, 1997 Fredonia Bancshares, Inc. TX First United of Texas, Inc
Sep 3, 1997 Fredonia Bancshares of Delaware, Inc. DE First United of Texas, Inc
Sep 2, 1997 Holy Name Parish Credit Union, Inc. OH Firefighters Community Cu
Sep 2, 1997 LaSalle Bank IL LaSalle Bank National Association
Sep 2, 1997 Lasalle Bank Illinois IL LaSalle Bank National Association
Sep 2, 1997 Saint Joseph Medical Center Federal Credit Union IL New Century Federal Credit Union
Sep 2, 1997 Highway Credit Union IN Indiana Members Credit Union
Sep 1, 1997 CNB Bancorp, Inc. KS Cbi-Kansas, Inc.
Sep 1, 1997 Michigan Bank, Federal Savings Bank MI LaSalle Bank Midwest National Association
Sep 1, 1997 Providence Saint Vincent Federal Credit Union OR Providence Federal Credit Union
Sep 1, 1997 Goodland State Bank IN MainSource Bank of Illinois
Sep 1, 1997 Houston TWC Federal Credit Union TX Houston Highway Credit Union
Sep 1, 1997 Corn Belt Credit Union IA Veridian Credit Union
Sep 1, 1997 Midstate Bancorp OK Midstate Bancorp, Inc.
Sep 1, 1997 Washington Trades Credit Union WA Qualstar Credit Union
Sep 1, 1997 Nacogdoches Public Employee Credit Union TX Doches Credit Union
Sep 1, 1997 Minnesota State University Student Association Federal Credit Union MN Affinity Plus Federal Credit Union
Aug 31, 1997 Boatmen's Service Company, Inc. MO NB Holdings Corporation
Aug 31, 1997 Collin County National Bank TX Hibernia National Bank of Texas
Aug 31, 1997 Savers Federal Credit Union ME Ocean Communities Federal Credit Union
Aug 31, 1997 First National Bank of Paris TX Hibernia National Bank of Texas
Aug 31, 1997 Executive Bancshares, Inc. TX Hibernia Corporation
Aug 30, 1997 Reliance Financial, Inc. MO Allegiant Bancorp, Incorporated
Aug 30, 1997 Bankers Corp. NJ Sovereign Bancorp, Inc.
Aug 30, 1997 Saint Pauls Lafayette Federal Credit Union LA Saint Jules Credit Union
Aug 30, 1997 Community Bankshares, Inc. NH CFX Corporation
Aug 30, 1997 Portsmouth Bank Shares, Inc. NH CFX Corporation
Aug 30, 1997 Brecksville Vah Federal Credit Union OH Century Federal Credit Union
Aug 30, 1997 Bankers Savings NJ Santander Bank, N.A.
Aug 30, 1997 Concord Savings Bank NH CFX Bank
Aug 30, 1997 China Trust Bank of New York NY CTBC Bank Corp. (USA)
Aug 30, 1997 Portsmouth Savings Bank NH CFX 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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