Calendar Year
1998 in US Banking
1,476 bank events are on record for 1998: 3 failures, 1,286 mergers or acquisitions involving a bank, credit union or bank holding company, and 187 enforcement actions.
3
Failures
$290.2M in failed assets
1,286
Mergers
Federal Reserve NIC, banking organizations
187
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
Jump to: Bank failures 1998 · Bank mergers 1998
How many banks failed in 1998?
3 banks failed in 1998, with $290.2M in assets. Each failure below links to its own page.
Which banks merged in 1998?
1,286 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1998.
See the fuller list: Bank mergers 1998 with largest deals and credit union mergers ›
| Date | Acquired | Acquirer |
|---|---|---|
| Sep 4, 1998 | First Federal Savings Bank | Blackhawk Bank |
| Sep 2, 1998 | Bennett Pump Employees Federal Credit Union | First General Credit Union |
| Sep 1, 1998 | Eagle Holding Company | Val Cor Bancorporation, Inc. |
| Sep 1, 1998 | Kittitas Valley Bancorp | Pacific Northwest Bancorp |
| Sep 1, 1998 | Community Bank Capital Corporation | Synovus Financial Corp. |
| Sep 1, 1998 | Participants Trust Company | The Depository Trust Company |
| Sep 1, 1998 | Village Bankshares, Inc. | Regions Financial Corporation |
| Sep 1, 1998 | Jefferson County Bancorp, Inc. | First American Bankshares, Inc. |
| Sep 1, 1998 | Comsouth Bankshares, Inc. | Anchor Financial Corporation |
| Sep 1, 1998 | Dakota Company, Inc. | Marquette Financial Companies |
| Sep 1, 1998 | Saint Lawrence Parish Credit Union | Morris Community Credit Union |
| Sep 1, 1998 | Citizens Holding Corporation | Southwest Banks, Inc. |
| Sep 1, 1998 | Bayerische Hypotheken- Und Wechsel-Bank Aktiengesellschaft | Unicredit Bank GmbH |
| Sep 1, 1998 | Stephenson Area Federal Credit Union | Integra First Federal Credit Union |
| Sep 1, 1998 | N.C.H. Community Credit Union, Inc. | Greater Cincinnati Credit Union, Inc. |
| Sep 1, 1998 | Eagle Bank | Vectra Bank Colorado, National Association |
| Sep 1, 1998 | Pacific Commerce Bank | Scripps Bank |
| Sep 1, 1998 | M & M Financial Corporation | Anchor Financial Corporation |
| Sep 1, 1998 | Peoples Savings Financial Corporation | Emclaire Financial Corp |
| Sep 1, 1998 | Cheyenne Western Bank | First Community Bank |
| Sep 1, 1998 | Deposit Guaranty National Bank | First American National Bank |
| Sep 1, 1998 | Transflorida Bank | Union Planters Bank, National Association |
| Sep 1, 1998 | First American Bank | First Bank & Trust |
| Sep 1, 1998 | Doehler Employees Federal Credit Union | Jeep Country Federal Credit Union |
| Sep 1, 1998 | Peoples Savings Bank | The Farmers National Bank of Emlenton |
| Aug 31, 1998 | Tappan Zee Financial, Inc. | U.S.B. Holding Co., Inc. |
| Aug 31, 1998 | Hub Financial Corporation | Glacier Bancorp, Inc. |
| Aug 31, 1998 | Community First Financial, Inc. | Integra Bank Corporation |
| Aug 31, 1998 | Ambanc Corp. | Union Planters Holding Corporation |
| Aug 31, 1998 | Trigg Bancorp, Inc. | Integra Bank Corporation |
| Aug 31, 1998 | Marietta Memorial Hospital Employees Credit Union, Inc. | Southeastern Ohio Credit Union, Inc. |
| Aug 31, 1998 | Pioneer Federal Savings Bank | Central Bank & Trust Company |
| Aug 31, 1998 | Washington County Credit Union, Inc. | Southeastern Ohio Credit Union, Inc. |
| Aug 29, 1998 | American National Bank of Sarpy County | American National Bank |
| Aug 29, 1998 | Kersey Bancorp, Inc. | Val Cor Bancorporation, Inc. |
| Aug 29, 1998 | Independent Bank | Vectra Bank Colorado, National Association |
| Aug 29, 1998 | Gibson Employees Federal Credit Union | Kemba Credit Union, Inc. |
| Aug 29, 1998 | First National Bank | Union Bank and Trust Company |
| Aug 29, 1998 | Bainbridge National Bank | First Community Bank of Southwest Georgia |
| Aug 28, 1998 | State First National Bank | Regions Bank |
| Aug 28, 1998 | State First National Bank | Regions Bank |
| Aug 26, 1998 | First Petersburg Bancshares, Inc. | Vista Bancshares, Inc. |
| Aug 24, 1998 | First National Sylacauga Corporation | Frontier National Corporation |
| Aug 22, 1998 | Dime Financial Corporation | Hudson United Bancorp |
| Aug 22, 1998 | Trans Financial Mortgage Company Inc. | U.S. Bank N.A. |
| Aug 22, 1998 | Trans Travel Inc. | U.S. Bank N.A. |
| Aug 22, 1998 | Trans Financial Bank, N.A. | U.S. Bank N.A. |
| Aug 22, 1998 | The First National Bancorp of Greenville, Inc. | Whitney Holding Corporation |
| Aug 22, 1998 | Trans Financial, Inc. | Star Banc Corporation |
| Aug 22, 1998 | NationsBank of Kentucky, National Association | First City Bank and Trust Company |
The list holds 500 of the 1,286 mergers recorded for 1998.
Enforcement Actions in 1998
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Jun 3, 1998 | OCC | Heartland Bancshares, Inc. | Formal Agreement: Heartland National Bank |
| Jun 2, 1998 | OCC_OTS | (individual) | Orders of Removal/Prohibition: J. Ruth Coneeny |
| May 28, 1998 | OCC | The First National Bank of Keystone | Formal Agreement: The First National Bank Of Keystone |
| May 21, 1998 | FRB | Credit and Commerce American Holdings N V | Prohibition from Banking: Faisal Saud Al-Fulaij |
| May 20, 1998 | FRB | Banco Industrial De Venezuela, C.A. | Cease and Desist Order: Banco Industrial de Venezuela, Caracas, Venezuela |
| May 18, 1998 | FRB | (individual) | Cease and Desist Order: Bancomer, S.A., Mexico City, Mexico |
| May 18, 1998 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Heartland Bank, N.A. |
| May 18, 1998 | OCC | Vermont National Bank Trust Company | Prohibition/Removal Orders: George, William H. |
| May 18, 1998 | FRB | Banca Serfin, Sa | Cease and Desist Order: Banca Serfin, S.A., Mexico |
| May 18, 1998 | FRB | Banco Internacional,sa | Cease and Desist Order: Banco Internacional, S.A. (Bital), Mexico |
| May 18, 1998 | FRB | Banco Nacional De Mexico, S.A., Integrante Del Grupo Financiero Banamex | Cease and Desist Order: Banco Nacional de Mexico (Banamex), Mexico |
| May 18, 1998 | FRB | Banco Santander, S.A. | Cease and Desist Order: Banco Santander, Spain |
| May 13, 1998 | FRB | (individual) | Notice of Intent: Ricardo Carrasco |
| May 5, 1998 | OCC | The Malta National Bank | Prompt Corrective Action (PCA) Directive: Malta National Bank |
| May 5, 1998 | OCC | Peoples National Bank of Commerce | Prohibition/Removal Orders: Aguirre, John |
| Apr 30, 1998 | OCC | Rock Hill National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wroble, Daniel R. |
| Apr 30, 1998 | OCC | Rock Hill National Bank | Civil Money Penalty (CMP): Nationsbank, N.A. |
| Apr 28, 1998 | OCC | The First National Bank of Logan | Formal Agreement: The First National Bank of Logan |
| Apr 21, 1998 | OCC_OTS | Washington Federal Savings Bank | Supervisory Agreement: Washington Federal Savings Bank |
| Apr 21, 1998 | OCC_OTS | (individual) | Supervisory Agreement: Federal Savings Bank |
| Apr 17, 1998 | OCC_OTS | Topa Savings Bank | Orders of Removal/Prohibition: Robert Raider Hollman |
| Apr 14, 1998 | OCC_OTS | Little Falls Bank | Civil Money Penalty: Little Falls Bank |
| Apr 13, 1998 | OCC | Hana Bank USA, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Broadway National Bank |
| Apr 13, 1998 | OCC_OTS | (individual) | Cease and Desist: Lynda Darland Krisman |
| Apr 10, 1998 | OCC | Bank of Indiana, N.A. | Prohibition/Removal Orders: Schroeder, Lee |
| Apr 10, 1998 | OCC | Park National Bank | C&D or PC&D Requiring Restitution: Allen, Raymond J. |
| Apr 10, 1998 | OCC | Associates Corporation of North America <A Texas Corporation> | C&D or PC&D Requiring Restitution: Lisbony, Daniel |
| Apr 10, 1998 | OCC | Park National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Anderson, Donald |
| Apr 10, 1998 | OCC | Park National Bank | Civil Money Penalty (CMP): Allen, Raymond J. |
| Apr 10, 1998 | OCC | Park National Bank | Civil Money Penalty (CMP): Anderson, Donald |
| Apr 10, 1998 | OCC | Bank of Indiana, N.A. | Civil Money Penalty (CMP): Schroeder, Lee |
| Apr 10, 1998 | OCC | Park National Bank | Prohibition/Removal Orders: Allen, Raymond J. |
| Apr 10, 1998 | OCC | Associates Corporation of North America <A Texas Corporation> | Prohibition/Removal Orders: Lisbony, Daniel |
| Apr 6, 1998 | OCC | Western American National Bank | Prompt Corrective Action (PCA) Directive: Western American National Bank |
| Apr 6, 1998 | OCC_OTS | Federal Trust Bank, A Federal Savings Bank | Cease and Desist: James T. Bell |
| Apr 1, 1998 | OCC_OTS | Ramsey Financial Corporation | Supervisory Agreement: Ramsey Bank |
| Apr 1, 1998 | OCC_OTS | Ramsey Financial Corporation | Supervisory Agreement: Ramsey Bank |
| Mar 31, 1998 | OCC_OTS | American Eagle Savings Bank | Civil Money Penalty: American Eagle SB, PaSA |
| Mar 25, 1998 | FRB | Habib Bank Ag Zurich | Civil Money Penalty $15,000: Habib Bank AG Zurich, Switzerland and Habib Bank AG Zurich, … |
| Mar 24, 1998 | OCC_OTS | Oak Tree Federal Savings Bank | Cease and Desist: Ronald L. Matlock |
| Mar 19, 1998 | OCC_OTS | Lochaven Federal Savings and Loan Association | Supervisory Agreement: Lochaven Federal Savings and Loan Association |
| Mar 19, 1998 | OCC_OTS | Lochaven Federal Savings and Loan Association | Supervisory Agreement: Lochaven Federal Savings and Loan Association |
| Mar 18, 1998 | OCC_OTS | Keystone Savings & Loan Association | Cease and Desist: John Taglianetti |
| Mar 17, 1998 | OCC_OTS | First Global Bank Federal Savings Bank | Cease and Desist: First Global Bank, FSB |
| Mar 9, 1998 | OCC_OTS | Family Bank FSB | Civil Money Penalty: LaVaughn T. Goggans |
| Mar 5, 1998 | OCC | (individual) | Prohibition/Removal Orders: Ferguson, Carlos |
| Mar 4, 1998 | FRB | Pan American Bank of Miami | Cease and Desist Order: The Pan American Bank, Miami, FL |
| Feb 27, 1998 | OCC_OTS | Oak Tree Federal Savings Bank | Cease and Desist: Robert D. McCutcheon |
| Feb 27, 1998 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Nazar, Salem E. |
| Feb 27, 1998 | OCC | (individual) | Civil Money Penalty (CMP): Nazar, Salem E. |
Browse adjacent years: 1997 · 1999
Or jump to a category: Failures · Mergers · Enforcement · Assistance