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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.

Date Bank HQ Assets Acquirer or resolution
Aug 7, 1998 Q Bank Fort Benton, MT $15.0M Heritage State Bank
Jul 23, 1998 Bestbank Boulder, CO $233.2M The Pueblo Bank and Trust C
Apr 9, 1998 Omnibank River Rouge, MI $42.0M Shorebank, Detroit

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 St Acquirer
Nov 25, 1998 The Sun City Bank AZ Founders Bank of Arizona
Nov 25, 1998 Oneida Valley Bancshares, Inc. NY Alliance Financial Corporation
Nov 24, 1998 Georgia National Bancorp, Inc. GA Southtrust Corporation
Nov 24, 1998 Georgia National Bank GA SouthTrust Bank
Nov 24, 1998 Fidelity State Bank KS Commerce Bank, National Association
Nov 23, 1998 Hinton Financial Corporation WV City Holding Company
Nov 21, 1998 NSS Bancorp, Inc. CT Summit Bancorp.
Nov 21, 1998 North Pacific Bank WA Heritage Bank
Nov 21, 1998 First National Bank of Warsaw IN National City Bank of Indiana
Nov 21, 1998 Security Savings Association OH Enterprise Federal Savings Bank
Nov 21, 1998 The Commercial and Savings Bank Company OH The Killbuck Savings Bank Company
Nov 21, 1998 Valley American Bank and Trust Company IN National City Bank of Indiana
Nov 21, 1998 Old-First National Bank in Bluffton, Bluffton, Indiana IN National City Bank of Indiana
Nov 21, 1998 First National Bank of Huntington IN National City Bank of Indiana
Nov 21, 1998 Fort Wayne National Bank IN National City Bank of Indiana
Nov 21, 1998 Churubusco State Bank IN National City Bank of Indiana
Nov 21, 1998 The Bank of New Mexico NM Wells Fargo Bank New Mexico, National Association
Nov 21, 1998 Bank of Arizona AZ Wells Fargo Bank Arizona, National Association
Nov 21, 1998 First National South SC The Anchor Bank
Nov 21, 1998 Hometown Bancshares, Inc. TX Sterling Bancorporation, LLC
Nov 21, 1998 First State Bank of Higginsville/Odessa MO Central Bank of Warrensburg
Nov 21, 1998 The Auburn State Bank IN National City Bank of Indiana
Nov 20, 1998 Springhill Bank & Trust Company LA Regions Bank
Nov 20, 1998 First National Bank AR Regions Bank
Nov 20, 1998 Capital Bank, National Association MD FCNB Bank
Nov 20, 1998 Pioneer Bancshares, Inc. TN First American Corporation
Nov 20, 1998 Trumbull Savings and Loan Company OH The Second National Bank of Warren
Nov 20, 1998 Star Banc Corporation OH Firstar Holdings Corporation
Nov 20, 1998 Valley Bank TN First American National Bank
Nov 20, 1998 The First National Bank of Nashville AR Regions Bank
Nov 20, 1998 Pioneer Bank TN First American National Bank
Nov 20, 1998 Farmers State Bank of McNabb IL First State Bank
Nov 17, 1998 Amsterdam Federal Bank NY Mohawk Community Bank
Nov 16, 1998 Central Bank LA Bank One, Louisiana, National Association
Nov 16, 1998 City National Bank of Baton Rouge LA Bank One Trust Company, N.A.
Nov 16, 1998 Louisiana Banc One Corporation LA Bank One Corporation
Nov 16, 1998 First National Bank of Commerce LA Bank One, Louisiana, National Association
Nov 16, 1998 First Security Bank of Craig CO Imperial Bank
Nov 16, 1998 The First National Bank of Lafayette LA Bank One, Louisiana, National Association
Nov 16, 1998 The First National Bank of Lake Charles LA Bank One, Louisiana, National Association
Nov 16, 1998 One Valley Bank of Clarksburg, National Association WV One Valley Bank, Inc.
Nov 16, 1998 Rapides Bank & Trust Company in Alexandria LA Bank One, Louisiana, National Association
Nov 15, 1998 Central Company, Inc. LA Louisiana Banc One Corporation
Nov 15, 1998 Baronne Street Properties, Inc. LA Louisiana Banc One Corporation
Nov 15, 1998 Marquis Leasing Company LA Louisiana Banc One Corporation
Nov 15, 1998 First Commerce Service Corporation LA Louisiana Banc One Corporation
Nov 15, 1998 Marquis Insurance Agency, LLC LA Louisiana Banc One Corporation
Nov 15, 1998 First Money, L.L.C. LA Louisiana Banc One Corporation
Nov 14, 1998 First State Bank TX Wells Fargo Bank Texas, National Association
Nov 14, 1998 Dauphin Deposit Bank and Trust Company PA Allfirst Bank

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

Browse adjacent years: 1997 · 1999

Or jump to a category: Failures · Mergers · Enforcement · Assistance