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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 HQ Assets Acquirer or resolution
Dec 10, 1999 Golden City Commercial Bank New York, NY $87.2M Cathay Bank
Nov 22, 1999 Pacific Thrift and Loan Co Woodland Hills, CA $127.3M Affinity Bank
Sep 10, 1999 Peoples NB of Commerce Miami, FL $36.8M Boston Bank of Commerce
Sep 1, 1999 First NB of Keystone Keystone, WV $1.12B Ameribank, Incorporated
Jul 9, 1999 East Texas NB of Marshall Marshall, TX $121.6M Fredonia State Bank
Jul 9, 1999 Oceanmark Bank, a FSB North Miami Beach, FL $69.0M Third FS&LA of Florida
Apr 23, 1999 Zia New Mexico Bank Tucumcari, NM $17.3M First National Bank of New
Mar 26, 1999 Victory State Bank Columbia, SC $13.2M South Carolina Community Ba

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 St Acquirer
Dec 31, 1999 Pottery Credit Union IL Credit Union 1
Dec 31, 1999 First Waukegan Corporation IL State Financial Services Corporation
Dec 31, 1999 Loujo Company WI M&I Marshall and Ilsley Bank
Dec 31, 1999 Patapsco Valley Bancshares, Inc. MD F&M Bancorp
Dec 31, 1999 National Business Bank CA Calwest Bank
Dec 31, 1999 Century Bank CA First Bank & Trust
Dec 31, 1999 The 780 North Corp. WI M&I Marshall and Ilsley Bank
Dec 31, 1999 Tri-County Federal Finance One MD Community Bank of the Chesapeake
Dec 31, 1999 Bancshares of Dyer, Inc. TN Civitas Bankgroup, Inc.
Dec 31, 1999 Commercial and Farmers Bank MD Farmers & Mechanics Bank
Dec 31, 1999 M&I Building Corp. WI M&I Marshall and Ilsley Bank
Dec 31, 1999 Letchworth Independent Bancshares Corporation NY Tompkins Financial Corporation
Dec 31, 1999 Republic Bank of New York NY HSBC Bank USA, N.A.
Dec 31, 1999 Richmond Bancorp, Inc. WI State Financial Services Corporation
Dec 31, 1999 Norwest Holding Company MN Wells Fargo & Company
Dec 31, 1999 FSB Investment Holdings Co., Inc. KS Community First Bank
Dec 31, 1999 State Financial Investments Inc. WI State Financial Bank
Dec 31, 1999 Republic New York Corporation NY HSBC USA Inc.
Dec 30, 1999 UB&T Holding Company TX State National Bancshares of Delaware, Inc.
Dec 30, 1999 Mid Am Private Trust, N.A. OH SKY Trust, N.A.
Dec 29, 1999 Dairy State Investments, Inc. WI Dairy State Financial Services, Inc.
Dec 29, 1999 Pinnacle Financial Consultants, Inc. IN Fifth Third Bancorp
Dec 28, 1999 Illinois District Federal Credit Union IL Revity Credit Union
Dec 28, 1999 Union Planters Realty Inc FL Union Planters Bank, National Association
Dec 28, 1999 Network Financial Corporation FL Union Planters Bank, National Association
Dec 28, 1999 Security First Bank CA Bank of Orange County
Dec 27, 1999 Ufs Capital Corporation WI Associated Banc-Corp
Dec 27, 1999 FFS Funding Corp., Inc. WI Associated Banc-Corp
Dec 24, 1999 (unnamed) — Amtrade International Bank of Georgia
Dec 23, 1999 Dunn County Bankshares, Inc. MN Bremer Financial Corporation
Dec 23, 1999 Norwest Agricultural Credit, Inc. SD Wells Fargo & Company
Dec 23, 1999 State Street Brokerage Services, Inc. MA State Street Bank and Trust Company
Dec 23, 1999 Dean Holdings, LLC MN Bremer Financial Corporation
Dec 22, 1999 First Southwest Bank LA First Guaranty Bank
Dec 21, 1999 River Bancorp, Inc. MN Community First Bankshares, Inc.
Dec 21, 1999 Bremer Premium Finance Corporation WI Dunn County Bankshares, Inc.
Dec 20, 1999 KSB Bancorp, Inc. ME Camden National Corporation
Dec 18, 1999 Bird and Beaker Credit Union IA 1st Gateway Credit Union
Dec 18, 1999 First State Bank OK First State Bank
Dec 18, 1999 Mid America Steel Employees Credit Union ND United Savings Credit Union
Dec 17, 1999 Lincoln Bank & Trust Company OK First Bank & Trust Company
Dec 17, 1999 Lincoln Financial Corporation OK First Bank & Trust Company
Dec 16, 1999 Fulton Savings Bank, FSB MO The Central Trust Bank
Dec 16, 1999 Central Texas Bank TX United Bank Texas
Dec 16, 1999 Pergament Employees Federal Credit Union NY Sperry Associates Federal Credit Union
Dec 15, 1999 California Financial Bancorp CA California Community Bancshares, Inc.
Dec 15, 1999 Trident Credit Union PA Trumark Credit Union
Dec 15, 1999 Pacific Financial Corporation WA Pacific Financial Corporation
Dec 14, 1999 Utica-Observer-Dispatch Employees Credit Union NY G.P.O. Federal Credit Union
Dec 14, 1999 Meadow Gold Employees Federal Credit Union ID Idaho United Credit Union

The list holds 500 of the 1,063 mergers recorded for 1999.

Enforcement Actions in 1999

Action date Agency Institution Action
Aug 24, 1999 OCC (individual) Civil Money Penalty (CMP): Redemann, James
Aug 24, 1999 OCC_OTS Global Payments Inc. Supervisory Agreement: Global Payments Systems LLC
Aug 23, 1999 OCC Texas Premier Bank, National Association Formal Agreement: Texas Premier Bank, N.A.
Aug 20, 1999 OCC Pacific National Bank Formal Agreement: Pacific National Bank
Aug 19, 1999 OCC_OTS (individual) Civil Money Penalty: George L. Sallee, Jr
Aug 19, 1999 OCC_OTS Global Payments Inc. Supervisory Agreement: Global Payments Systems LLC
Aug 19, 1999 OCC_OTS (individual) Civil Money Penalty: Samuel Avant
Aug 19, 1999 OCC_OTS (individual) Civil Money Penalty: Martin Colpitt
Aug 19, 1999 OCC_OTS (individual) Civil Money Penalty: Larry Rapp
Aug 19, 1999 OCC_OTS (individual) Civil Money Penalty: Kenneth Jones, II
Aug 19, 1999 OCC_OTS (individual) Civil Money Penalty: Joe Landon
Aug 19, 1999 OCC_OTS (individual) Civil Money Penalty: Buford Williams
Aug 17, 1999 OCC Southwest Financial Corporation Formal Agreement: Southwest Bank, National Association
Aug 16, 1999 OCC First Commercial Bank, N.A. Formal Agreement: First Commercial Bank, N.A.
Aug 16, 1999 FRB American National Bancshares of Wichita Cease and Desist Order: American National Bancshares of Wichita, Inc., Whichita, KS and American …
Aug 16, 1999 OCC The First National Bank of Winnsboro Prohibition/Removal Orders: Turney, Thomas E.
Aug 13, 1999 OCC First National Bank of Crestview Formal Agreement: First National Bank Of Crestview
Aug 12, 1999 OCC_OTS Eureka Homestead Cease and Desist: Jones, Walker, Waechter, et al
Aug 11, 1999 OCC Eastern National Bank Formal Agreement: Eastern National Bank
Aug 10, 1999 OCC Sunflower Bank, N.A. Civil Money Penalty (CMP): Sunflower Bank, National Association
Aug 10, 1999 OCC Sunflower Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Sunflower Bank, National Association
Aug 6, 1999 FRB First Security Bancshares, Inc. Written Agreement: First Security Bancshares, Inc., Lake Park, IA and Security State Bank, Milford, …
Aug 5, 1999 OCC The Peoples National Bank C&D or PC&D Requiring Restitution: Briscoe, Lenard
Aug 5, 1999 FRB Hinsbrook Bank and Trust Prohibition from Banking: Craig J. Fahrner
Aug 5, 1999 FRB Hinsbrook Bank and Trust Cease and Desist Order: Craig J. Fahrner
Aug 5, 1999 OCC The Peoples National Bank Civil Money Penalty (CMP): Briscoe, Lenard
Aug 5, 1999 OCC The Peoples National Bank Prohibition/Removal Orders: Briscoe, Lenard
Aug 3, 1999 OCC Belmont National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Belmont National Bank
Aug 3, 1999 FRB Belmont Bancorp Written Agreement: Belmont Bancorp, Bridgeport, OH
Jul 28, 1999 FRB Great Eastern Bank Notice of Suspension: Joseph C. Liu
Jul 26, 1999 OCC_OTS Downey Savings and Loan Association, F.A. Cease and Desist: Mark Asplund
Jul 26, 1999 OCC National Australia Funding (Delaware) Inc. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Perricone, Richard
Jul 14, 1999 FRB Grimes County Capital Corporation Written Agreement: Grimes County Capital Corporation, Houston, Texas
Jul 12, 1999 OCC (individual) Civil Money Penalty (CMP): Dahlman, Philip C.
Jul 12, 1999 OCC_OTS North Penn Savings Association Cease and Desist: North Penn S&LA
Jul 11, 1999 OCC_OTS First Data Corporation Supervisory Agreement: First Data Corporation
Jul 7, 1999 OCC_OTS California Federal Bank, A FSB Orders of Removal/Prohibition: Carolene T Daniel
Jun 30, 1999 FRB Barclays Bank PLC Cease and Desist Order: John Riesmeyer
Jun 30, 1999 FRB Barclays Bank PLC Civil Money Penalty $15,000: John Riesmeyer
Jun 24, 1999 OCC Bankchampaign, N.A. Civil Money Penalty (CMP): Murphy, Timothy G.
Jun 24, 1999 OCC Bankchampaign, N.A. Civil Money Penalty (CMP): Clausen, L. Dean
Jun 21, 1999 FRB Banco Popular de Puerto Rico Civil Money Penalty $10,000: Banco Popular de Puerto Rico, San Juan, Puerto Rico
Jun 21, 1999 OCC (individual) Formal Agreement: Management Information Resources
Jun 17, 1999 OCC Enterprise National Bank of Palm Beach Formal Agreement: Enterprise National Bank Of Palm Beach
Jun 11, 1999 OCC_OTS Century Savings Bank Orders of Removal/Prohibition: Robert P. Kavulla
Jun 8, 1999 OCC Citibank, N.A. Prohibition/Removal Orders: Gomez, Carlos
Jun 7, 1999 OCC_OTS Bramble Federal Savings and Loan Association of Cincinnati Supervisory Agreement: Bramble Federal Savings and Loan Association
Jun 7, 1999 OCC_OTS Bramble Federal Savings and Loan Association of Cincinnati Supervisory Agreement: Bramble Federal Savings and Loan Association
Jun 4, 1999 FRB (individual) Written Agreement: Banco Popular de Ecuador, S.A., Quito, Ecuador and Banco Popular de Ecuador, …
Jun 3, 1999 FRB (individual) Written Agreement: Community Capital Corporation, Greenwood, SC

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