Calendar Year
1999 in US Banking
1,347 bank events are on record for 1999: 8 failures, 1,063 mergers or acquisitions involving a bank, credit union or bank holding company, and 276 enforcement actions.
8
Failures
$1.59B in failed assets
1,063
Mergers
Federal Reserve NIC, banking organizations
276
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
Jump to: Bank failures 1999 · Bank mergers 1999
How many banks failed in 1999?
8 banks failed in 1999, with $1.59B in assets. Each failure below links to its own page.
| Date | Bank | Assets |
|---|---|---|
| Dec 10, 1999 | Golden City Commercial Bank | $87.2M |
| Nov 22, 1999 | Pacific Thrift and Loan Co | $127.3M |
| Sep 10, 1999 | Peoples NB of Commerce | $36.8M |
| Sep 1, 1999 | First NB of Keystone | $1.12B |
| Jul 9, 1999 | East Texas NB of Marshall | $121.6M |
| Jul 9, 1999 | Oceanmark Bank, a FSB | $69.0M |
| Apr 23, 1999 | Zia New Mexico Bank | $17.3M |
| Mar 26, 1999 | Victory State Bank | $13.2M |
Which banks merged in 1999?
1,063 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1999.
See the fuller list: Bank mergers 1999 with largest deals and credit union mergers ›
| Date | Acquired | Acquirer |
|---|---|---|
| Sep 13, 1999 | (unnamed) | Advance Bank |
| Sep 13, 1999 | Chicago City Bancorporation, Inc. | Pullman Group, Inc. |
| Sep 11, 1999 | First Community Bank of Vidalia | First Liberty Bank |
| Sep 11, 1999 | UMB Bank, Warrensburg | UMB Bank, N.A. |
| Sep 11, 1999 | UMB Bank, Jefferson City | UMB Bank, N.A. |
| Sep 11, 1999 | UMB Bank, Boonville | UMB Bank, N.A. |
| Sep 11, 1999 | Sweet Water State Bancshares, Inc. | Banctrust Financial Group, Inc. |
| Sep 11, 1999 | Eastern Heights Bank | Wells Fargo Bank Minnesota, National Association |
| Sep 11, 1999 | Super Savings Credit Union | First South Financial Federal Credit Union |
| Sep 11, 1999 | Firstar Bank Wisconsin | U.S. Bank N.A. |
| Sep 11, 1999 | Walthall Citizens Bank | Citizens Bank |
| Sep 10, 1999 | The Planters Bank | Regions Bank |
| Sep 10, 1999 | The Arkansas Bank | Regions Bank |
| Sep 10, 1999 | The Farmers and Merchants State Bank, Effingham, Kansas | Exchange Bank & Trust |
| Sep 10, 1999 | The Arkansas Bank | Regions Bank |
| Sep 10, 1999 | The Arkansas Bank National Association | Regions Bank |
| Sep 10, 1999 | Dubois County Bank | Old National Bank |
| Sep 10, 1999 | The Merchants National Bank of Terre Haute | Old National Bank |
| Sep 4, 1999 | Pinnacle Bank of the Quad Cities | Fifth Third Bank |
| Sep 4, 1999 | The Farmers National Bank of Rule, Texas | Hamlin National Bank |
| Sep 4, 1999 | Pinnacle Bank | Fifth Third Bank |
| Sep 4, 1999 | Schenectady Federal Savings Bank | Hudson River Bank & Trust Company |
| Sep 3, 1999 | Pinnacle Banc Group, Inc. | Old Kent Financial Corporation |
| Sep 2, 1999 | Capital Management, Inc. | Flatwater Bank |
| Sep 2, 1999 | Bank of Brady | Flatwater Bank |
| Sep 1, 1999 | FFBS Bancorp, Inc. | Cadence Financial Corporation |
| Sep 1, 1999 | The McDonald Trust Company | Key Trust Company of Ohio, N.A. |
| Sep 1, 1999 | F&M Bank-Iowa South Central | F&M Bank-Iowa Central |
| Sep 1, 1999 | Blue Grass Federal Credit Union | Transcend Credit Union |
| Sep 1, 1999 | Lourdes Employees Credit Union | Signet Federal Credit Union |
| Sep 1, 1999 | Spec Federal Credit Union | Upstate Federal Credit Union |
| Sep 1, 1999 | F&M Bank-Iowa Story County | F&M Bank-Iowa Central |
| Sep 1, 1999 | Emico Employees Federal Credit Union | Widget Federal Credit Union |
| Sep 1, 1999 | First Federal Bank for Savings | (unnamed) |
| Sep 1, 1999 | Security State Bank and Trust Company | First Interstate Bank |
| Sep 1, 1999 | City Commerce Bank | Mid-State Bank & Trust |
| Sep 1, 1999 | J M S Federal Credit Union | Carolina Cooperative Federal Credit Union |
| Sep 1, 1999 | North Fulton Bancshares, Inc. | Premier Bancshares, Inc. |
| Aug 31, 1999 | Riverside Acquisition Corp. | Associated Banc-Corp |
| Aug 31, 1999 | Community Bank, FSB | Chambers Bank of North Arkansas |
| Aug 31, 1999 | B & G Investment Company | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Texas Bancorporation, Inc. | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Henrietta Bancshares, Inc. | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Franklin Bancshares, Inc. | Fidelity Bancorporation, Inc. |
| Aug 31, 1999 | Howmet Alloy Employees Credit Union | Members Connect Federal Credit Union |
| Aug 31, 1999 | Texas National Bankshares, Inc. | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Union Texas Bancorporation, Inc. | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Olean Postal Credit Union | Olean Teachers' and Postal Federal Credit Union |
| Aug 31, 1999 | Benson Financial Corporation | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Venture Partners, Inc. | Western Bancorp |
The list holds 500 of the 1,063 mergers recorded for 1999.
Enforcement Actions in 1999
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Nov 17, 1999 | OCC | Western American National Bank | C&D or PC&D Requiring Restitution: Wheeler, Richard O. |
| Nov 17, 1999 | OCC | Western American National Bank | Prohibition/Removal Orders: Wheeler, Richard O. |
| Nov 16, 1999 | OCC | (individual) | Formal Agreement: Doha Bank |
| Nov 16, 1999 | OCC | First National Bank | Formal Agreement: First National Bank Of Rotan |
| Nov 16, 1999 | OCC | First National Bank | Formal Agreement: First National Bank |
| Nov 12, 1999 | OCC | (individual) | Formal Agreement: Bremer Bank, N.A. |
| Nov 10, 1999 | FRB | First Western Bank | Cease and Desist Order: Bertram Smith |
| Nov 10, 1999 | FRB | First Western Bank | Cease and Desist Order: Matthew J. Callahan |
| Nov 10, 1999 | FRB | First Western Bank | Cease and Desist Order: Robert Barber |
| Nov 10, 1999 | FRB | First Western Bank | Cease and Desist Order: Adele Barber |
| Nov 10, 1999 | OCC | The Malta National Bank | Prohibition/Removal Orders: Davis, Fred A. |
| Nov 9, 1999 | OCC | The Commercial Bank of Kuwait S.A.K. | Formal Agreement: Commercial Bank of Kuwait S.A.K. |
| Nov 5, 1999 | OCC | Peoples National Bank of Commerce | Prohibition/Removal Orders: Wilcox, Thaddeus |
| Nov 5, 1999 | OCC | Peoples National Bank of Commerce | Civil Money Penalty (CMP): Wilcox, Thaddeus |
| Oct 28, 1999 | OCC | The Malta National Bank | Formal Agreement: Malta National Bank |
| Oct 26, 1999 | OCC | First National Bank PLC | Formal Agreement: First National Bank |
| Oct 21, 1999 | FRB | First Bank of Cleveland | Written Agreement: Heritage Bancorp Company, Inc., Cleveland, OK and First Bank of Cleveland, Cleveland, … |
| Oct 21, 1999 | OCC | The First National Bank of Strasburg | Formal Agreement: The First National Bank of Strasburg |
| Oct 14, 1999 | OCC | Omni National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): United National Bank |
| Oct 14, 1999 | OCC | Nebraska National Corporation | Formal Agreement: Nebraska National Bank |
| Oct 7, 1999 | OCC | Bank of America, N.A. | Prohibition/Removal Orders: Rostami, Alice |
| Oct 7, 1999 | OCC | United States National Bank of Oregon | Prohibition/Removal Orders: Bennett, Erin |
| Oct 3, 1999 | OCC | Treasury | Formal Agreement: Treasury Bank |
| Oct 1, 1999 | OCC | The Laredo National Bank | Civil Money Penalty (CMP): Jacobs, Gary G. |
| Oct 1, 1999 | OCC | (individual) | Formal Agreement: Community Bank & Trust, N.A. |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: William Barber |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: Jeremy Edwards |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: Linda Marant |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: Richard Edwards |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: Vivian Edwards |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: William Carmichael |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: Grant Marant |
| Sep 24, 1999 | OCC_OTS | (individual) | Supervisory Agreement: First American Savings Bank FSB |
| Sep 24, 1999 | OCC_OTS | (individual) | Supervisory Agreement: First American Savings Bank, FSB |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: Gay Lynn Nieminen |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: David Nieminen |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: H. Burns Warfield |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: James Rouse |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: Jenene Rouse |
| Sep 20, 1999 | OCC | Western American National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wheeler, R. Scott |
| Sep 20, 1999 | OCC | Western American National Bank | Civil Money Penalty (CMP): Wheeler, R. Scott |
| Sep 20, 1999 | OCC | The Annapolis National Bank | Formal Agreement: Annapolis National Bank |
| Sep 10, 1999 | OCC_OTS | Georgia Commerce Bancshares, Inc. | Civil Money Penalty: Commerce Bank |
| Sep 9, 1999 | OCC | First National Bank of Gonzales | Formal Agreement: First National Bank Of Gonzales |
| Sep 2, 1999 | OCC | The First National Bank of Logan | Prohibition/Removal Orders: Leonard, Mark |
| Sep 2, 1999 | OCC | The First National Bank of Logan | Civil Money Penalty (CMP): Leonard, Mark |
| Aug 30, 1999 | OCC | First Illinois Corporation | Formal Agreement: First Illinois National Bank |
| Aug 26, 1999 | OCC_OTS | Doolin Security Savings Bank, FSB | Termination of Cease and Desist: Doolin Security SB, FSB |
| Aug 24, 1999 | OCC | Global Payments | Formal Agreement: Global Payments Inc |
| Aug 24, 1999 | OCC | (individual) | C&D or PC&D Requiring Restitution: Redemann, James |
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