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 |
|---|---|---|
| Aug 30, 1999 | Lorenzo Bancshares, Inc. | Peoples Bancorp, Inc. |
| Aug 28, 1999 | Matewan Bancshares, Inc. | Truist Financial Corporation |
| Aug 28, 1999 | American Pacific State Bank | City National Bank |
| Aug 28, 1999 | UMB Bank Southwest | UMB Bank, N.A. |
| Aug 28, 1999 | UMB Bank, North Central | UMB Bank, N.A. |
| Aug 28, 1999 | FirstBank, National Association | South State Bank |
| Aug 28, 1999 | (unnamed) | UMB Bank, N.A. |
| Aug 27, 1999 | Henrietta Delaware Financial Corporation | Henrietta Bancshares, Inc. |
| Aug 27, 1999 | 1st Floyd Bankshares, Inc. | United Community Banks, Inc. |
| Aug 27, 1999 | The Bank of Sussex and Surry | United Community Bank |
| Aug 27, 1999 | Perry County Holding Company | FB Financial Corporation |
| Aug 27, 1999 | Duncanville National Bank | First State Bank of Texas |
| Aug 27, 1999 | Victoria Bankshares, Inc. | Victoria Financial Services, Inc. |
| Aug 27, 1999 | First State Bank | FirstBank |
| Aug 27, 1999 | State Bank of Farina | Midland States Bank |
| Aug 27, 1999 | Canton Bancshares, Inc. | Farmers National Bancorp, Inc. |
| Aug 27, 1999 | First American Bank, National Association | Guaranty Bank & Trust, N.A. |
| Aug 27, 1999 | Fidelity Bancshares, Inc. | Fidelity Bancorporation, Inc. |
| Aug 26, 1999 | Arizona Bank | BBVA USA |
| Aug 26, 1999 | PierBank | The Washington Trust Company, of Westerly |
| Aug 24, 1999 | Liberty Hill Baptist Church Credit Union, Inc. | Antioch Baptist Church Credit Union, Inc. |
| Aug 23, 1999 | Bank of Matteson | Bank of Homewood, National Association |
| Aug 23, 1999 | Custer County State Bank | Oklahoma Bank and Trust Company |
| Aug 20, 1999 | Elcho Bancorporation, Inc. | The Bancorp, Inc. |
| Aug 20, 1999 | First Bank of Frederick | FCNB Bank |
| Aug 20, 1999 | Key Trust Company | Keystone Financial Bank, National Association |
| Aug 20, 1999 | Financial Trust Services Company | Keystone Financial Bank, National Association |
| Aug 20, 1999 | First Frederick Financial Corporation | FCNB Corp. |
| Aug 19, 1999 | Citizens National Bank | CharterBank |
| Aug 19, 1999 | Graphic Controls Federal Credit Union | Crossroads Community Federal Credit Union |
| Aug 19, 1999 | St. Albans Va Federal Credit Union | People's Alliance Federal Credit Union |
| Aug 18, 1999 | The First National Bank of Spangler | CNB Bank |
| Aug 15, 1999 | Firstar Bank Burlington, N.A. | U.S. Bank N.A. |
| Aug 14, 1999 | Northern Illinois Water Corporation Employees Credit Union | Champaign Municipal Employees Credit Union |
| Aug 14, 1999 | (unnamed) | U.S. Bank N.A. |
| Aug 14, 1999 | Firstar Bank of Minnesota, National Association | U.S. Bank N.A. |
| Aug 14, 1999 | Union Planters Bank of Kentucky, National Association | Union Planters Bank, National Association |
| Aug 13, 1999 | First of Groves Corporation | Wachovia of Alabama, Inc. |
| Aug 13, 1999 | First Bank and Trust | SouthTrust Bank |
| Aug 13, 1999 | City National Bank of Pittsburg | Commerce Bank |
| Aug 11, 1999 | Escambia Educators Federal Credit Union | Penair Credit Union |
| Aug 10, 1999 | The First National Bank of Jefferson | The First National Bank of Hughes Springs |
| Aug 9, 1999 | East Bridgewater Co-operative Bank | Coastal Heritage Bank |
| Aug 7, 1999 | The Bank of Telluride | WestStar Bank |
| Aug 7, 1999 | The Strongsville Savings Bank | Fifth Third Bank, Northwestern Ohio, National Association |
| Aug 7, 1999 | Western Colorado Bank | WestStar Bank |
| Aug 7, 1999 | First Western Bank, National Association | Sky Bank |
| Aug 6, 1999 | Continental National Bank | State National Bank |
| Aug 6, 1999 | Security State Bank Shares | First Interstate Bancsystem, Inc. |
| Aug 6, 1999 | Wingo, Ltd. | Gibson Investment Company |
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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