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 |
|---|---|---|
| Nov 14, 1998 | Alliance Bank | Integra Bank N.A. |
| Nov 14, 1998 | The York Bank and Trust Company | Allfirst Bank |
| Nov 14, 1998 | The Rock Island Bank, National Association | Mercantile Bank MidWest |
| Nov 14, 1998 | First Federal Savings & Loan Association of Montana | Sterling Savings Bank |
| Nov 14, 1998 | Lexington Savings Bank | USTrust |
| Nov 14, 1998 | First National Bank Iowa | Mercantile Bank MidWest |
| Nov 14, 1998 | Maryland Federal Bank | Truist Bank |
| Nov 13, 1998 | First Financial Bank | Associated Bank Milwaukee |
| Nov 13, 1998 | Washington Square Federal Credit Union | Blupeak Federal Credit Union |
| Nov 13, 1998 | Amquest Bank, N.A. | BancFirst |
| Nov 13, 1998 | State Bank of Mount Horeb | Amcore Bank, National Association, South Central |
| Nov 13, 1998 | U S C O Federal Credit Union | Tech Credit Union |
| Nov 13, 1998 | AMCORE Bank, Argyle | Amcore Bank, National Association, South Central |
| Nov 13, 1998 | NationsBank of Tennessee, National Association | Bank of America, N.A. |
| Nov 13, 1998 | First National Bancorp, Inc. | Country Bank Shares Corporation |
| Nov 13, 1998 | First Financial Investments, Inc. | Associated Bank Milwaukee |
| Nov 12, 1998 | First Financial Corporation | First Financial Bank |
| Nov 10, 1998 | Zook & Roecker State Bank | Carrollton Bank |
| Nov 9, 1998 | Mountain Bank | Wells Fargo Bank West, National Association |
| Nov 9, 1998 | Bank of Drummond | Cowboy Bank |
| Nov 7, 1998 | Commerce Bank of Alabama | Superior Bank |
| Nov 7, 1998 | Security State Bank of Wykoff | Security State Bank of Lewiston |
| Nov 7, 1998 | Pike County Bank | Integra Bank N.A. |
| Nov 7, 1998 | MidAmerica Bank North | Wells Fargo Bank Wisconsin, National Association |
| Nov 7, 1998 | MidAmerica Bank | Wells Fargo Bank Wisconsin, National Association |
| Nov 7, 1998 | City Bank | Gold BANK |
| Nov 6, 1998 | First Commercial Bank, National Association | Regions Bank |
| Nov 6, 1998 | Lochaven Federal Savings and Loan Association | Republic Bank |
| Nov 6, 1998 | Bankers Savings Bank | Republic Bank |
| Nov 3, 1998 | Wells Fargo & Company | WFC Holdings, LLC |
| Nov 2, 1998 | Osmond State Bank | Security Bank |
| Nov 2, 1998 | Fidelity Bankshares, Inc. | Cbi-Kansas, Inc. |
| Nov 2, 1998 | Heritage Bank of Olathe | Commerce Bank |
| Nov 2, 1998 | Cbi-Kansas, Inc. | Cbi-Kansas, Inc. |
| Nov 2, 1998 | First Community Bancorp, Inc. | National Commerce Financial Corporation |
| Nov 1, 1998 | Bancwest Corporation | First Hawaiian, Inc. |
| Nov 1, 1998 | Pacific One Bank | Bank of the West |
| Nov 1, 1998 | Plano Savings Credit Union | Illinois Community Credit Union |
| Nov 1, 1998 | El Segundo Chevron Employees Credit Union | Chevron Federal Credit Union |
| Nov 1, 1998 | Marathon Ashland Division C Credit Union | Superior Choice Credit Union |
| Nov 1, 1998 | Downstate Banking Company | Integra Bank Corporation |
| Nov 1, 1998 | Downstate National Bank | Illinois One Bank, National Association |
| Nov 1, 1998 | P & S F Local 389 Credit Union | Ibew Local 681 Credit Union |
| Nov 1, 1998 | Insurance Employees Federal Credit Union | General Credit Union |
| Nov 1, 1998 | Central Mutual Credit Union | American Mutual Credit Union, Inc |
| Nov 1, 1998 | Danly Employees Credit Union | Burlington Northern Santa Fe Railway Credit Union |
| Nov 1, 1998 | Elk Grove Township Schools Credit Union | A a E C Credit Union |
| Oct 31, 1998 | First Citizens Bancorp, Inc. | The Banc Corporation |
| Oct 31, 1998 | Commonwealth Commercial Corp. | Integra Bank Corporation |
| Oct 31, 1998 | Busey Business Bank | Busey 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