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 |
|---|---|---|---|
| Feb 19, 1998 | OCC_OTS | Oak Tree Federal Savings Bank | Cease and Desist: John W. Swinford, Jr. |
| Feb 18, 1998 | OCC_OTS | Family Bank FSB | Civil Money Penalty: Wallace O. Ewers |
| Feb 18, 1998 | OCC_OTS | Family Bank FSB | Civil Money Penalty: Stephen Matthew Short |
| Feb 18, 1998 | OCC_OTS | Family Bank FSB | Civil Money Penalty: Homer Short |
| Feb 17, 1998 | OCC | The First National Bank of McClusky | Formal Agreement: The First National Bank Of McClusky |
| Feb 4, 1998 | FRB | (individual) | Cease and Desist Order: Towne Bank, Perrysburg, OH |
| Feb 3, 1998 | OCC_OTS | First Home Bank | Cease and Desist: Lori Plemmons |
| Feb 3, 1998 | FRB | TrustCo Bank New York | Civil Money Penalty $40,000: John E. Colley |
| Feb 3, 1998 | FRB | (individual) | Prohibition from Banking: Michael A. Lindahl |
| Feb 2, 1998 | FRB | First American Bankshares, Inc. | Cease and Desist Order: Clark M. Clifford |
| Feb 2, 1998 | OCC | Banco Nacional, N.A. | Prohibition/Removal Orders: Alegria, Jose E. |
| Feb 2, 1998 | OCC | First Suburban National Bank | Civil Money Penalty (CMP): First Suburban National Bank |
| Feb 2, 1998 | OCC | Banco Nacional, N.A. | Civil Money Penalty (CMP): Alegria, Jose E. |
| Feb 2, 1998 | FRB | Credit Bank | Cease and Desist Order: Robert A. Altman |
| Feb 2, 1998 | FRB | (individual) | Prohibition from Banking: Michael Wachs |
| Feb 2, 1998 | FRB | Credit Bank | Prohibition from Banking: Robert A. Altman |
| Feb 2, 1998 | FRB | First Western Bancorp, Inc. | Prohibition from Banking: Stephen R. Koury |
| Jan 30, 1998 | OCC | Capital Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Rozenblum, Horacio Bernardo |
| Jan 30, 1998 | OCC | (individual) | Civil Money Penalty (CMP): Rozenblum, Horacio Bernardo |
| Jan 29, 1998 | OCC_OTS | Stamford Federal Savings Bank | Orders of Removal/Prohibition: Marie S. Legagneur |
| Jan 28, 1998 | OCC | The First National Bank of Port Allegany | Formal Agreement: The First National Bank Of Port Allegany |
| Jan 26, 1998 | OCC | Park National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Luczak, Marianne |
| Jan 26, 1998 | OCC | Park National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Roggeman, Alfred |
| Jan 26, 1998 | OCC | Park National Bank | Civil Money Penalty (CMP): Bernstein, Sheldon |
| Jan 26, 1998 | OCC | Park National Bank | Civil Money Penalty (CMP): Roggeman, Alfred |
| Jan 26, 1998 | OCC | Park National Bank | Civil Money Penalty (CMP): Luczak, Marianne |
| Jan 26, 1998 | OCC | NBD Leasing, Inc. | Prohibition/Removal Orders: Howard, Stacey M. |
| Jan 26, 1998 | OCC | Park National Bank | Civil Money Penalty (CMP): Mills, Robert |
| Jan 22, 1998 | OCC | Duncanville National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Duncanville National Bank |
| Jan 21, 1998 | OCC_OTS | Sovereign Bancorp, Inc. | Cease and Desist: Charlotte R. Alexander |
| Jan 20, 1998 | OCC_OTS | Greater Atlantic Bank | Cease and Desist: Clifton G. Clark |
| Jan 20, 1998 | OCC_OTS | Greater Atlantic Bank | Civil Money Penalty: Clifton G. Clark |
| Jan 8, 1998 | OCC | Banco do Estado Do Parana S.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Banco Do Estado Do Parana S.A. |
| Jan 8, 1998 | OCC_OTS | (individual) | Cease and Desist: Janet D. Black |
| Jan 6, 1998 | OCC_OTS | United Savings Association of Texas | Cease and Desist: Aaron L. Weston |
| Jan 6, 1998 | OCC | Norwest Bank Arizona, National Association | Prohibition/Removal Orders: Hernandez, Alta L. |
| Jan 5, 1998 | OCC_OTS | The Dime Savings Bank of New York, FSB | Orders of Removal/Prohibition: Kenneth Ralph Enos |
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