Calendar Year

1998 in US Banking

562 bank events on record in 1998 — 3 failures, 500 mergers or acquisitions, and 59 regulatory enforcement actions.

Failures

$290,238,000 in failed assets

500

Mergers

NIC transformations

Enforcement

OCC / FDIC / FRB / OTS

Failures in 1998

Date	Bank	HQ	Assets	Acquirer
1998-08-07	Q BANK	FORT BENTON, MT	$14,977,000	HERITAGE STATE BANK
1998-07-23	BESTBANK	BOULDER, CO	$233,223,000	THE PUEBLO BANK AND TRUST C
1998-04-09	OMNIBANK	RIVER ROUGE, MI	$42,038,000	SHOREBANK, DETROIT

Mergers & Acquisitions in 1998 (top 500 of 500)

Date	Acquired	St	Acquirer
1998-12-31	COMPUTER BANK SERVICES, INC.	KY	NATCITY INVESTMENTS, INC.
1998-12-31	WINSAV I, INC.	MA	LEYDEN DEVELOPMENT CORP.
1998-12-31	ISCORP, INC.	MA	LEYDEN DEVELOPMENT CORP.
1998-12-31	SAINT JAMES BANCORPORATION, INC.	LA	REGIONS FINANCIAL CORPORATION
1998-12-31	MARYLAND NATIONALEASE CORPORATION	DC	NATIONSBANC LEASING CORPORATION
1998-12-31	LAPLACE BANCSHARES, INC.	LA	UNION PLANTERS HOLDING CORPORATION
1998-12-31	LANCO CREDIT UNION	AL	AZALEA CITY CREDIT UNION
1998-12-31	AMERICAN SECURITY PROPERTIES, INC.	HI	FHB PROPERTIES, INC.
1998-12-31	LINCOLN LEASING CORP.	MA	LEYDEN DEVELOPMENT CORP.
1998-12-31	AMERICAN LAND TITLE CO., INC.	NE	ATI TITLE COMPANY, LLC
1998-12-31	PAOLA - CITIZENS BANCSHARES, INC.	KS	Citizens State Bank
1998-12-31	AMERICAN LAND TITLE COMPANY OF KANSAS CITY, INC.	MO	ATI TITLE COMPANY, LLC
1998-12-31	Citizens Bank of Illinois, National Association	IL	Fifth Third Bank, Indiana
1998-12-31	SOUTHEAST BANCORP, INC.	KY	UNION PLANTERS HOLDING CORPORATION
1998-12-31	Community Trust Bank of West Virginia, National Association	WV	COMMUNITY TRUST BANK, INC.
1998-12-31	SEDALIA COMPUTER SERVICES, INC.	MO	The Union Savings Bank
1998-12-31	PACIFIC CAPITAL BANCORP	CA	PACIFIC CAPITAL BANCORP
1998-12-31	SWF TAMPA NORTH DEVELOPMENT CORP.	MA	SWF GULF HOLDING CORP.
1998-12-31	SOUTHWEST NATIONAL CORPORATION	PA	FIRST COMMONWEALTH FINANCIAL CORPORATION
1998-12-31	Citizens Bank of Western Indiana	IN	Fifth Third Bank, Indiana
1998-12-31	NATIONSBANC LEASING & FINANCE CORPORATION	GA	NATIONSBANC LEASING CORPORATION
1998-12-31	HORIZON BANCORP, INC.	WV	CITY HOLDING COMPANY
1998-12-31	CITICORP SECURITIES, INC.	NY	CITICORP NORTH AMERICA, INC.
1998-12-31	SWF TAMPA REALTY DEVELOPMENT CORP.	MA	PALM EAST DEVELOPMENT CORP.
1998-12-31	NANTUCKET DEVELOPMENT CORP.	MA	LEYDEN DEVELOPMENT CORP.
1998-12-31	PROVIDENCE FEDERAL CREDIT UNION	OH	FAITH COMMUNITY UNITED CREDIT UNION INC.
1998-12-31	TRUST COMPANY, THE	MO	GOLD TRUST COMPANY
1998-12-31	WINSAV II, INC.	MA	LEYDEN DEVELOPMENT CORP.
1998-12-31	DINSHOPPING S.A.	—	DINERS CLUB BENELUX S.A., THE
1998-12-31	ALLEGIANT MORTGAGE COMPANY	MO	Allegiant Bank
1998-12-31	NORTH AMERICAN TRUST COMPANY	CA	CITY NATIONAL BANK
1998-12-31	CORNERSTONE NORTHWEST MORTGAGE, INC.	WA	PACIFIC NORTHWEST BANK
1998-12-31	FIRST OF AMERICA LOAN SERVICES, INC.	MI	NATIONAL CITY MORTGAGE, INC.
1998-12-31	Citizens Bank of Southern Indiana	IN	Fifth Third Bank, Indiana
1998-12-31	TEXAS NATIONALEASE CORPORATION	NC	NATIONSBANC LEASING CORPORATION
1998-12-31	ATLANTIC CREDIT CORPORATION	NC	NATIONSBANC LEASING CORPORATION
1998-12-31	SWF TAMPA SOUTH DEVELOPMENT CORP.	MA	SWF GULF HOLDING CORP.
1998-12-31	BLACKWATER DEVELOPMENT CORP.	MA	LEYDEN DEVELOPMENT CORP.
1998-12-31	PINE CONE DEVELOPMENT CORP.	MA	LEYDEN DEVELOPMENT CORP.
1998-12-31	SWF WOODMERE DEVELOPMENT CORP.	MA	PALM EAST DEVELOPMENT CORP.
1998-12-31	FNB SERVICE CORPORATION	KY	NATCITY INVESTMENTS, INC.
1998-12-31	FSB, INC.	TN	UNION PLANTERS HOLDING CORPORATION
1998-12-31	B V CORPORATION	WA	TOTTEN, INC.
1998-12-31	KEYCORP ELECTRONIC SERVICES INC.	OH	KEY ELECTRONIC SERVICES, INC.
1998-12-31	EXCHANGE BANCSHARES, INC.	OK	SKIATOOK BANCSHARES, INC.
1998-12-31	SECURITY PACIFIC EQUIPMENT LEASING, INC.	CA	BA LEASING & CAPITAL CORPORATION
1998-12-31	DOWN UNDER FINANCE CORPORATION	NC	NATIONSBANC LEASING CORPORATION
1998-12-31	Industrial Bank	CA	Washington Mutual Bank
1998-12-31	MBC REALTY, INC.	MD	NEW MBC REALTY, INC.
1998-12-31	CITIZEN'S TRUST COMPANY OF INDIANA, NATIONAL ASSOCIATION	IN	Fifth Third Bank, Indiana
1998-12-31	COMMUNITY BANK OF NAPLES, NATIONAL ASSOCIATION	FL	FIRST GULF BANK, NATIONAL ASSOCIATION
1998-12-31	PNB FINANCIAL GROUP	CA	WESTERN BANCORP
1998-12-31	The Citizens National Bank of Evansville	IN	Fifth Third Bank, Indiana
1998-12-31	Bank of Vancouver	WA	WEST COAST BANK
1998-12-31	The Brown Bank	GA	FLAG Bank
1998-12-31	Citizens Bank of Central Indiana	IN	Fifth Third Bank, Indiana
1998-12-31	WARRANTY TITLE, INC.	MN	ATI TITLE COMPANY, LLC
1998-12-31	CONRAD BANCORPORATION	IA	CENTRAL IOWA BANCORPORATION, INC.
1998-12-31	NATIONSBANC LEASE INVESTMENTS, INC.	NC	NATIONSBANC LEASING CORPORATION
1998-12-31	ATI HOLDING COMPANY	MN	RELS TITLE SERVICES, LLC
1998-12-31	Citizens Bank of Kentucky	KY	Fifth Third Bank, Indiana
1998-12-31	Centennial Bank	WA	WEST COAST BANK
1998-12-31	EVERGREEN BANCORP, INC.	NY	BANKNORTH GROUP, INC.
1998-12-31	LANGDON BANK HOLDING COMPANY	ND	WALHALLA BANK HOLDING COMPANY
1998-12-31	SBC EQUITY PARTNERS, INC.	IL	BAL GLOBAL FINANCE, LLC
1998-12-31	FIRST OF BOSTON BY-THE-SEA, INC.	GA	LEYDEN DEVELOPMENT CORP.
1998-12-31	The Commercial Bank	OR	WEST COAST BANK
1998-12-31	PLANTERS LIFE INSURANCE COMPANY	TN	MAGNA INSURANCE COMPANY
1998-12-31	PEOPLES SECURITY INVESTMENT, INC.	KY	PEOPLES SECURITY FINANCE CO., INC.
1998-12-30	GARWIN BANCORPORATION	IA	LINCOLN BANCORP
1998-12-30	The American National Bank of Creighton	NE	MIDWEST BANK
1998-12-30	GREENE BANCORPORATION	IA	LINCOLN BANCORP
1998-12-30	The Nebraska Security Bank	NE	MIDWEST BANK
1998-12-30	The Farmers National Bank in Pilger	NE	MIDWEST BANK
1998-12-30	C.M.B.L. LUX S.A.	—	J.P. MORGAN BANK LUXEMBOURG S.A.
1998-12-30	PENNCO LIFE INSURANCE COMPANY	AZ	WACHOVIA LIFE INSURANCE COMPANY
1998-12-30	CAP TEMP, INC.	FL	UNION PLANTERS REALTY INC
1998-12-30	Plainview National Bank	NE	MIDWEST BANK
1998-12-30	First Community Bank-FCB	MO	First Community Bank
1998-12-29	First Security Bank of Belgrade	MT	First Security Bank
1998-12-29	BANC ONE INDIANA CORPORATION	IN	BANK ONE CORPORATION
1998-12-29	EMPLOYEES OF IMPERIAL FEDERAL CREDIT UNION	NY	GP COMMUNITY FEDERAL CREDIT UNION
1998-12-29	BNY MORTGAGE COMPANY, INC.	NY	EVERBANK REVERSE MORTGAGE LLC
1998-12-29	NORTHERN ILLINOIS BANCORP, INC.	IL	FIRST AMERICAN BANK CORPORATION
1998-12-28	The Century National Bank and Trust Company	PA	Sky Bank
1998-12-24	Monarch Bank, FSB	NJ	PROVIDENT BANK
1998-12-24	BELMONT ASSOCIATES, INC.	MA	PROVIDENT BANK
1998-12-23	VILLAGES AT IMPERIAL LAKES, INC.	FL	UNION PLANTERS REALTY INC
1998-12-23	MAIN PLACE REAL ESTATE INVESTMENT TRUST	NC	MAIN PLACE FUNDING, LLC
1998-12-23	WHITE PINE REAL ESTATE, INC.	MA	BENTON STREET REALTY GROUP DEVELOPMENT CORP.
1998-12-22	GATEWAY HOLDING CORPORATION	FL	NETWORK FINANCIAL CORPORATION
1998-12-22	WELLS FARGO REALTY HOLDING CORPORATION II	NV	GOLDEN ASSET MANAGEMENT INC.
1998-12-22	WELLS FARGO REALTY HOLDING CORPORATION I	NV	GOLDEN ASSET MANAGEMENT INC.
1998-12-22	AMERICAN COIL SPRING EMPLOYEES FEDERAL CREDIT UNION	MI	SERVICE 1 FEDERAL CREDIT UNION
1998-12-22	PAOLA-CITIZENS INVESTMENT COMPANY, INC.	KS	Citizens State Bank
1998-12-21	Bank of Sumner	WA	FRONTIER BANK
1998-12-21	VALLEY BANCORPORATION	WA	FRONTIER FINANCIAL CORPORATION
1998-12-21	VALLEY COMMUNITY BANCORP	OR	COLUMBIA BANCORP
1998-12-21	(unnamed)	—	California State Bank
1998-12-19	Pulse Savings Bank	NJ	First Savings Bank

Enforcement Actions in 1998

Date	Agency	Institution	Action
1998-12-15	OCC_OTS	WASHINGTON FEDERAL BANK FOR SAVINGS	Supervisory Agreement: Labe Federal Bank for Savings
1998-12-15	OCC_OTS	WASHINGTON FEDERAL BANK FOR SAVINGS	Supervisory Agreement: Labe Federal Bank for Savings
1998-12-14	OCC_OTS	(individual)	Orders of Removal/Prohibition: Lana R. Remus
1998-12-10	OCC_OTS	BANK OF MARYLAND	Supervisory Agreement: Valley Bank of Maryland
1998-12-10	OCC_OTS	VALLEY BANCORPORATION	Supervisory Agreement: Valley Bank
1998-12-04	OCC_OTS	FAMILY SAVINGS BANK FSB	Supervisory Agreement: Family Savings Bank, FSB
1998-12-04	OCC_OTS	FAMILY SAVINGS BANK FSB	Supervisory Agreement: Family Savings Bank, FSB
1998-12-02	OCC_OTS	(individual)	Supervisory Agreement: Gilmer Savings Bank
1998-12-02	OCC_OTS	(individual)	Supervisory Agreement: Gilmer Savings Bank, FSB
1998-12-02	OCC_OTS	(individual)	Orders of Removal/Prohibition: Francesca Devivo
1998-11-16	OCC_OTS	FIRST AMERICAN BANK FOR SAVINGS	Termination of Cease and Desist: John J. Frasier Jr.
1998-11-09	OCC_OTS	FIRST FSB	Termination of Cease and Desist: Dr. Henry J. Boehm Jr.
1998-11-09	OCC_OTS	(individual)	Termination of Cease and Desist: Dr. Henry J. Boehm Jr.
1998-11-03	OCC_OTS	(individual)	Orders of Removal/Prohibition: Kathy M. McKee
1998-10-15	OCC_OTS	(individual)	Civil Money Penalty: Bruce L. Ripper
1998-10-14	OCC_OTS	BLUE RIVER BANCSHARES, INC.	Supervisory Agreement: Blue River Federal Savings Bank
1998-10-14	OCC_OTS	(individual)	Orders of Removal/Prohibition: Sally M. Reynosa
1998-10-14	OCC_OTS	BLUE RIVER BANCSHARES, INC.	Supervisory Agreement: Blue River Federal Savings Bank
1998-10-02	OCC_OTS	HOME S&LA	Orders of Removal/Prohibition: John Henderson Jr.
1998-09-08	OCC_OTS	(individual)	Termination of Cease and Desist: James C. Hodge
1998-08-07	OCC_OTS	(individual)	Cease and Desist: John D. Hastie
1998-08-04	OCC_OTS	CITIZENS BANK, THE	Supervisory Agreement: Citizens Federal Savings Bank
1998-08-04	OCC_OTS	CITIZENS BANK, THE	Supervisory Agreement: Citizens Federal Savings Bank
1998-07-31	OCC_OTS	(individual)	Orders of Removal/Prohibition: Charles Eugene McKee
1998-07-10	OCC_OTS	HYDE PARK BANCORP INC	Civil Money Penalty: Margaret A. Geraghty
1998-07-08	OCC_OTS	NOVA FINANCIAL HOLDINGS, INC	Decision/Opinion and Order: Nova Financial Corp
1998-06-30	OCC_OTS	CROSS COUNTY SAVINGS BANK	Cease and Desist: Thomas F. Basta
1998-06-30	OCC_OTS	FAMILY SAVINGS BANK FSB	Supervisory Agreement: Family Savings Bank, FSB
1998-06-30	OCC_OTS	FAMILY SAVINGS BANK FSB	Supervisory Agreement: Family Savings Bank, FSB
1998-06-26	OCC_OTS	GREAT WESTERN BANK, A FEDERAL SAVINGS BANK	Orders of Removal/Prohibition: Larry Scott Bentley
1998-06-02	OCC_OTS	FIRST HOME SAVINGS BANK, FSB	Orders of Removal/Prohibition: J. Ruth Coneeny
1998-04-21	OCC_OTS	(individual)	Supervisory Agreement: Federal Savings Bank
1998-04-21	OCC_OTS	WASHINGTON FEDERAL SAVINGS BANK	Supervisory Agreement: Washington Federal Savings Bank
1998-04-17	OCC_OTS	(individual)	Orders of Removal/Prohibition: Robert Raider Hollman
1998-04-14	OCC_OTS	LITTLE FALLS BANCORP, INC.	Civil Money Penalty: Little Falls Bank
1998-04-13	OCC_OTS	(individual)	Cease and Desist: Lynda Darland Krisman
1998-04-06	OCC_OTS	FINANCIAL FEDERAL BANK	Cease and Desist: James T. Bell
1998-04-01	OCC_OTS	RAMSEY FINANCIAL CORPORATION	Supervisory Agreement: Ramsey Bank
1998-04-01	OCC_OTS	RAMSEY FINANCIAL CORPORATION	Supervisory Agreement: Ramsey Bank
1998-03-31	OCC_OTS	(individual)	Civil Money Penalty: American Eagle SB, PaSA
1998-03-24	OCC_OTS	(individual)	Cease and Desist: Ronald L. Matlock
1998-03-19	OCC_OTS	FINANCIAL FEDERAL SAVINGS AND LOAN ASSOCIATION	Supervisory Agreement: Lochaven Federal Savings and Loan Association
1998-03-19	OCC_OTS	FINANCIAL FEDERAL SAVINGS AND LOAN ASSOCIATION	Supervisory Agreement: Lochaven Federal Savings and Loan Association
1998-03-18	OCC_OTS	(individual)	Cease and Desist: John Taglianetti
1998-03-17	OCC_OTS	FIRST FSB	Cease and Desist: First Global Bank, FSB
1998-03-09	OCC_OTS	FAMILY SAVINGS BANK FSB	Civil Money Penalty: LaVaughn T. Goggans
1998-02-27	OCC_OTS	(individual)	Cease and Desist: Robert D. McCutcheon
1998-02-19	OCC_OTS	(individual)	Cease and Desist: John W. Swinford, Jr.
1998-02-18	OCC_OTS	FAMILY SAVINGS BANK FSB	Civil Money Penalty: Stephen Matthew Short
1998-02-18	OCC_OTS	FAMILY SAVINGS BANK FSB	Civil Money Penalty: Homer Short
1998-02-18	OCC_OTS	FAMILY SAVINGS BANK FSB	Civil Money Penalty: Wallace O. Ewers
1998-02-03	OCC_OTS	HOME BANK SB	Cease and Desist: Lori Plemmons
1998-01-29	OCC_OTS	(individual)	Orders of Removal/Prohibition: Marie S. Legagneur
1998-01-21	OCC_OTS	SOVEREIGN BANCORP, INC.	Cease and Desist: Charlotte R. Alexander
1998-01-20	OCC_OTS	(individual)	Civil Money Penalty: Clifton G. Clark
1998-01-20	OCC_OTS	(individual)	Cease and Desist: Clifton G. Clark
1998-01-08	OCC_OTS	(individual)	Cease and Desist: Janet D. Black
1998-01-06	OCC_OTS	UNITED BANK OF TEXAS	Cease and Desist: Aaron L. Weston
1998-01-05	OCC_OTS	(individual)	Orders of Removal/Prohibition: Kenneth Ralph Enos

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