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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
Aug 30, 1997 Centerpoint Bank NH CFX Bank
Aug 30, 1997 Barnett Bank of Southeast Georgia National Association GA Barnett Bank, National Association
Aug 30, 1997 Appleton City Bancshares, Inc. MO Community First Bancshares, Inc.
Aug 29, 1997 The Bank of New Haven CT Citizens Bank of Connecticut
Aug 29, 1997 The Bank of Ocilla, Georgia GA Citizens Security Bank
Aug 29, 1997 Irwin Bancorp, Inc. GA Ameris Bancorp
Aug 26, 1997 Fort Wayne Police Department Federal Credit Union IN Fire Police City County Federal Credit Union
Aug 25, 1997 Burleson State Bank TX First State Bank of Texas
Aug 23, 1997 Riverside Bancshares, Inc. LA Mansfield Bancshares, Inc.
Aug 23, 1997 Citizens Savings Bank F.S.B. MD Provident Bank of Maryland
Aug 23, 1997 The Exchange State Bank KS Cornerbank
Aug 23, 1997 Mark Twain Illinois Bank IL Firstar Bank Missouri, National Association
Aug 23, 1997 Journal Employees Credit Union IA The Municipal Federal Credit Union
Aug 23, 1997 Mansfield Bank and Trust Company LA Community Bank of Louisiana
Aug 23, 1997 Progressive Bank, National Association-Bellaire OH Progressive Bank, N.A.
Aug 23, 1997 Mercantile Bank of Illinois IL Firstar Bank Missouri, National Association
Aug 22, 1997 West Columbia National Bank TX Norwest Bank Texas, South Central
Aug 22, 1997 The Farmers National Bank of Geneseo IL Wells Fargo Bank Illinois, National Association
Aug 18, 1997 Libsab Bancorp, Inc. KY Peoples First Corporation
Aug 16, 1997 Boatmen's Arkansas, Inc AR NB Holdings Corporation
Aug 16, 1997 Boatmen's Bancshares of Iowa, Inc. MO NB Holdings Corporation
Aug 16, 1997 Regions Bank of Tennessee TN Regions Bank
Aug 16, 1997 Boatmen's Sunwest, Inc. NM NB Holdings Corporation
Aug 16, 1997 Boatmen's Bank Iowa, National Association IA Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Arkansas AR Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Batesville AR Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Hobbs, National Association NM Bank of America, N.A.
Aug 16, 1997 Boatmen's Bank of Fort Dodge IA Bank of America, N.A.
Aug 16, 1997 Boatmen's Bank of North Iowa IA Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Russellville AR Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Gallup NM Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Rio Arriba, National Association NM Bank of America, N.A.
Aug 16, 1997 First National Bank of Houma LA Whitney National Bank
Aug 16, 1997 Boatmen's National Bank of Northwest Iowa IA Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Newark AR Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Northwest Arkansas AR Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Clovis, National Association NM Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Roswell, National Association NM Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of South Arkansas AR Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Albuquerque, National Association NM Bank of America, N.A.
Aug 16, 1997 Guaranty Federal Savings Bank TN Union Planters Bank of Kentucky, National Association
Aug 16, 1997 Boatmen's National Bank of North Central Arkansas AR Bank of America, N.A.
Aug 16, 1997 Tri-State Bank ID Zions Bancorporation, N.A.
Aug 16, 1997 SUNWEST Bank of Santa Fe NM Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Las Cruces, National Association NM Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Conway AR Bank of America, N.A.
Aug 16, 1997 Boatmen's Bank of Northeast Arkansas AR Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Hot Springs AR Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Pine Bluff AR Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Raton, National Association NM Bank of America, N.A.

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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