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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 13, 1999 Neighborhood Credit Union of Odessa TX First Basin Credit Union
Dec 5, 1999 Nissen Employees Federal Credit Union ME Saco Valley Credit Union
Dec 4, 1999 South Plains Bank TX City Bank
Dec 4, 1999 Middlesex County Employees Federal Credit Union MA Metro Credit Union
Dec 4, 1999 Oak Hills Savings and Loan Company, F.A. OH The Provident Bank
Dec 3, 1999 Combankshares, Inc. KS Team Financial Acquisition Subsidiary, Inc.
Dec 2, 1999 Community Bank CT Webster Bank, N.A.
Dec 2, 1999 Olde Port Bank and Trust NH Webster Bank, N.A.
Dec 2, 1999 Bank of America Utah, National Association UT Bank of America, N.A.
Dec 2, 1999 New England Bank and Trust Company CT Webster Bank, N.A.
Dec 2, 1999 First Valley National Bank CA Valencia Bank & Trust
Dec 2, 1999 The Equity Bank CT Webster Bank, N.A.
Dec 1, 1999 Federal Employees Credit Union of Petersburg, Inc. VA Credit Union of Richmond Incorporated
Dec 1, 1999 Pioneer National Bank WA Pacific Northwest Bank
Dec 1, 1999 Mutual Credit Union PA Eagle One Federal Credit Union
Dec 1, 1999 White Gold Credit Union GA Robins Financial Credit Union
Dec 1, 1999 Society Trust Company of New York NY (unnamed)
Dec 1, 1999 Muncie Newspapers Employees Federal Credit Union IN First County Federal Credit Union
Dec 1, 1999 Norwest Nova, Inc. MN WFC Holdings, LLC
Dec 1, 1999 Golden Bear Federal Credit Union CA Espeeco Federal Credit Union
Dec 1, 1999 Journal of Commerce (NY) Empl. Federal Credit Union NJ Baker Federal Credit Union
Dec 1, 1999 Dairymen Federal Credit Union LA Baton Rouge Fire Department Federal Credit Union
Dec 1, 1999 Southern Jersey Bancorp of Delaware, Inc. NJ Hudson United Bancorp
Dec 1, 1999 Blackfoot Educators Credit Union ID Lookout Federal Credit Union
Dec 1, 1999 Jeffbanks, Inc. PA Hudson United Bancorp
Dec 1, 1999 Reed Employees Federal Credit Union PA Erie Federal Credit Union
Dec 1, 1999 The Farmers and Merchants National Bank of Bridgeton NJ Hudson United Bank
Dec 1, 1999 Home Federal Savings and Loan Association NC First South Bank
Dec 1, 1999 Realty Finance, Inc. HI HomeStreet Bank
Dec 1, 1999 Valley Community Bank OR Columbia River Bank
Dec 1, 1999 Jefferson Bank of New Jersey NJ Hudson United Bank
Dec 1, 1999 Meridian Trust Company PA Wachovia Bank, N.A.
Dec 1, 1999 Kaufmann Store Employees Federal Credit Union PA Equitable Federal Credit Union
Dec 1, 1999 Heartland Bankshares, Inc. IA City State Bank
Dec 1, 1999 G & D Employees Credit Union CT Dutch Point Credit Union
Dec 1, 1999 Jefferson Bank PA Hudson United Bank
Nov 30, 1999 Alma Beteiligungsgesellschaft MBH — Deutsche Bank Aktiengesellschaft
Nov 30, 1999 United Industries Federal Credit Union AZ First Credit Union
Nov 30, 1999 Keystone Coca-Cola Employees Federal Credit Union PA Valley Pride Federal Credit Union
Nov 30, 1999 Urs, Inc. Federal Credit Union PA Valley Pride Federal Credit Union
Nov 30, 1999 Dapco Employees Federal Credit Union PA Valley Pride Federal Credit Union
Nov 30, 1999 Lower Umpqua Federal Credit Union OR First Community Credit Union
Nov 30, 1999 Farmers Bank of Vine Grove KY Wilson & Muir Bank & Trust Company
Nov 30, 1999 Nielsen Tool & Die Employees Credit Union CT Wellness Federal Credit Union
Nov 30, 1999 Dairy Industry Credit Union CT Connecticut Federal Credit Union
Nov 30, 1999 Columbus Bancorp, Inc. IN Salin Bancshares, Inc.
Nov 23, 1999 Charter Bancshares, Inc. OK First Sooner Bancshares, Inc.
Nov 20, 1999 Peoples Bank Corporation of Indianapolis IN Fifth Third Bancorp
Nov 20, 1999 Peoples Bank & Trust Company IN Fifth Third Bank, Indiana
Nov 20, 1999 The State Bank of Hallsville MO Central Bank of Boone County

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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