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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
Nov 1, 1999 Abcon Credit Union PA 3HILL Credit Union
Nov 1, 1999 Cemco Federal Credit Union TX Southwest Airlines Federal Credit Union
Nov 1, 1999 Rac Credit Union MO Vantage Credit Union
Oct 31, 1999 Horizon Bancshares, Inc. FL Synovus Financial Corp.
Oct 31, 1999 Morton International Employees Credit Union IL Dow Northeast Employees Federal Credit Union
Oct 31, 1999 Horizon Bank of Florida FL Coastal Bank and Trust of Florida
Oct 31, 1999 Ready Bank of Walton Florida FL Vanguard Bank & Trust Company
Oct 31, 1999 North Baton Rouge Federal Credit Union LA East Baton Rouge Teachers Federal Credit Union
Oct 31, 1999 The First National Bank of Aitkin MN Bremer Bank, National Association
Oct 31, 1999 Ready Bank of Fort Walton Beach Holding Company, Inc. FL Synovus Financial Corp.
Oct 30, 1999 New London Trust, FSB NH Lake Sunapee Bank, FSB
Oct 30, 1999 CNB Bancshares, Inc. IN Fifth Third Bancorp
Oct 30, 1999 Wirtz Employees Federal Credit Union MI Flagship Community Federal Credit Union
Oct 28, 1999 Heli-Coil Employees Credit Union CT Mutual Security Credit Union, Inc.
Oct 28, 1999 F&M Trust Company WI F & M Bank
Oct 23, 1999 Commercial Bank at Alma AR The City National Bank of Fort Smith
Oct 23, 1999 The First State Bank of Leoti KS Western State Bank
Oct 23, 1999 (unnamed) — Firstar Bank Missouri, National Association
Oct 22, 1999 Houston Commerce Bank TX Sterling Bank
Oct 21, 1999 Hartland Bank, National Association TX BBVA USA
Oct 20, 1999 Star Markets Federal Credit Union HI Hawaiian Financial Federal Credit Union
Oct 16, 1999 Pioneer Bancorporation NV Zions Bancorporation
Oct 16, 1999 Bay Commercial Services CA Greater Bay Bancorp
Oct 16, 1999 Pioneer Citizens Bank of Nevada NV Nevada State Bank
Oct 16, 1999 Firstar Bank Milwaukee, National Association WI U.S. Bank N.A.
Oct 16, 1999 Guthrie Federal Savings Bank OK Local Oklahoma Bank
Oct 16, 1999 Firstar Equipment Finance Corporation MN U.S. Bank N.A.
Oct 16, 1999 The First National Bank and Trust Company of Muskogee OK BOKF, N.A.
Oct 15, 1999 Firstar Bank Wausau, National Association WI U.S. Bank N.A.
Oct 15, 1999 The Follett National Bank TX First State Bank of Canadian, National Association
Oct 15, 1999 North Santiam Federal Credit Union OR NW Preferred Federal Credit Union
Oct 13, 1999 Macon Building and Loan Association, F.A. MO Citizens Bank and Trust Company
Oct 13, 1999 (unnamed) — Conestoga Bank
Oct 12, 1999 Waverly Bank MO Pinnacle Bank
Oct 12, 1999 Austin Bancshares, Inc. MO Pinnacle Bancorp, Inc.
Oct 11, 1999 Princeton Bank MN Bremer Bank, National Association
Oct 11, 1999 Kislak Financial Corporation FL Kislak Financial Corporation
Oct 11, 1999 The First State Bank of Eden Prairie MN Bremer Bank, National Association
Oct 10, 1999 Donovan Data Employees Federal Credit Union NY American Broadcast Employees Federal Credit Union
Oct 9, 1999 The Saluda County Bank SC The Anchor Bank
Oct 9, 1999 Community Bank St. Peter MN Flagship Bank Minnesota
Oct 9, 1999 Feather Flex Federal Credit Union MA Saint Anthony of New Bedford Federal Credit Union
Oct 9, 1999 M. S. Bailey & Son, Bankers SC The Anchor Bank
Oct 8, 1999 Regency Bank CA California Bank & Trust
Oct 8, 1999 Security Bank & Trust Co. IN Old National Bank
Oct 8, 1999 The City National Bank of Fulton KY Old National Bank
Oct 8, 1999 Regions Bank, National Association FL Regions Bank
Oct 8, 1999 Farmers Bank and Trust Company of Madisonville KY Old National Bank
Oct 8, 1999 Morganfield National Bank KY Old National Bank
Oct 8, 1999 St. James Bank & Trust Company LA Regions Bank

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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