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 |
|---|---|---|
| Jul 17, 1999 | MainStreet Bank Central Virginia | Branch Banking and Trust Company of Virginia |
| Jul 17, 1999 | Bank of Northern Virginia | Branch Banking and Trust Company of Virginia |
| Jul 16, 1999 | The Village Bank of Florida | Regions Bank |
| Jul 16, 1999 | The St. Mary Bank and Trust Company | Regions Bank |
| Jul 16, 1999 | Bank of Commerce | U.S. Bank National Association |
| Jul 15, 1999 | First Philson Bank, National Association | Promistar Bank |
| Jul 15, 1999 | High Point Financial Corp. | Lakeland Bancorp, Inc. |
| Jul 15, 1999 | First Philson Financial Corporation | Promistar Financial Corporation |
| Jul 14, 1999 | Bankerstrust of Alabama, Inc. | The Banc Corporation |
| Jul 14, 1999 | Bankers Trust of Madison | Superior Bank |
| Jul 13, 1999 | United Liberty Federal Credit Union | Viriva Community Credit Union |
| Jul 10, 1999 | NBC Bank Corp. | Simmons First National Corporation |
| Jul 10, 1999 | Cypress Bank | Community Bank of Central California |
| Jul 10, 1999 | Community First Bank | Fifth Third Bank |
| Jul 10, 1999 | The First National Bank and Trust Company of Corbin | Union Planters Bank, National Association |
| Jul 10, 1999 | First Bank of East Tennessee, National Association | Union Planters Bank, National Association |
| Jul 9, 1999 | CFSB Bancorp, Inc. (Michigan) | Old Kent Financial Corporation |
| Jul 8, 1999 | The Columbus State Bank | Commerce Bank |
| Jul 7, 1999 | SunTrust Bank, Tallahassee, National Association | SunTrust Bank, Northwest, Florida |
| Jul 6, 1999 | Hessell - TPC Federal Credit Union | Pacific NW Federal Credit Union |
| Jul 6, 1999 | Apse Federal Credit Union | Southern Teachers & Parents Federal Credit Union |
| Jul 3, 1999 | The Blue Springs State Bank | The First National Bank & Trust Company of Beatrice |
| Jul 3, 1999 | 1st Group, Inc. | Homestead Financial Corporation |
| Jul 2, 1999 | American Chapels Credit Union | Tremont Credit Union |
| Jul 2, 1999 | Damen National Bank | MB Financial Bank, National Association |
| Jul 1, 1999 | Denver Ban Corporation | PSB Corporation |
| Jul 1, 1999 | Statco Credit Union | Southeast Federal Credit Union |
| Jul 1, 1999 | Sierrawest Bancorp | Bank of the West |
| Jul 1, 1999 | Merchants of Shenandoah Ban-Corp | Vist Financial Corp. |
| Jul 1, 1999 | Springfield Investment Company | Piesco, Inc. |
| Jul 1, 1999 | Soldier Valley Financial Services, Inc. | Dunlap Iowa Holding Co. |
| Jul 1, 1999 | Citizens First National Bank | Mercantile Bank |
| Jul 1, 1999 | Enro Shirt Company Employees Credit Union | L&N Federal Credit Union |
| Jul 1, 1999 | Spreckels District 4 Credit Union | United Local Credit Union |
| Jul 1, 1999 | Dulico Federal Credit Union | Financial Advantage Federal Credit Union |
| Jul 1, 1999 | Skaneateles Bancorp, Inc. | BSB Bancorp, Inc. |
| Jul 1, 1999 | Saint Elizabeth Employees Federal Credit Union | Universal 1 Credit Union, Inc. |
| Jul 1, 1999 | Mac Cabees Home Office Federal Credit Union | Genisys Credit Union dba Genisys Investment Services |
| Jul 1, 1999 | Magic Valley Teachers Credit Union | Idaho Central Credit Union |
| Jul 1, 1999 | Merchants State Bank of North Branch | The First National Bank of Hudson |
| Jul 1, 1999 | Rayovac Credit Union | Members First Credit Union |
| Jul 1, 1999 | Cngoc Federal Credit Union | East Ohio Gas Cleveland Operating Employees Federal Credit Union |
| Jul 1, 1999 | Bridgport Brass Indianapolis Federal Credit Union | Harvester Financial Credit Union |
| Jul 1, 1999 | Madison Teachers Credit Union | Frontier Credit Union |
| Jul 1, 1999 | Canton Federal Savings and Loan Association | The North Country Savings Bank |
| Jul 1, 1999 | 1st Security Bank of Laurel | First Citizens Bank of Billings |
| Jul 1, 1999 | Iowa Resources Employees Credit Union | Midland Credit Union |
| Jul 1, 1999 | Anheuser- Busch Newark Employees Federal Credit Union | Together Credit Union |
| Jul 1, 1999 | Peoples Bank | First American National Bank |
| Jul 1, 1999 | Saint Pius X Parish Credit Union, Inc. | Oc Federal 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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