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 |
|---|---|---|
| Sep 13, 1999 | (unnamed) | Advance Bank |
| Sep 13, 1999 | Chicago City Bancorporation, Inc. | Pullman Group, Inc. |
| Sep 11, 1999 | First Community Bank of Vidalia | First Liberty Bank |
| Sep 11, 1999 | UMB Bank, Warrensburg | UMB Bank, N.A. |
| Sep 11, 1999 | UMB Bank, Jefferson City | UMB Bank, N.A. |
| Sep 11, 1999 | UMB Bank, Boonville | UMB Bank, N.A. |
| Sep 11, 1999 | Sweet Water State Bancshares, Inc. | Banctrust Financial Group, Inc. |
| Sep 11, 1999 | Eastern Heights Bank | Wells Fargo Bank Minnesota, National Association |
| Sep 11, 1999 | Super Savings Credit Union | First South Financial Federal Credit Union |
| Sep 11, 1999 | Firstar Bank Wisconsin | U.S. Bank N.A. |
| Sep 11, 1999 | Walthall Citizens Bank | Citizens Bank |
| Sep 10, 1999 | The Planters Bank | Regions Bank |
| Sep 10, 1999 | The Arkansas Bank | Regions Bank |
| Sep 10, 1999 | The Farmers and Merchants State Bank, Effingham, Kansas | Exchange Bank & Trust |
| Sep 10, 1999 | The Arkansas Bank | Regions Bank |
| Sep 10, 1999 | The Arkansas Bank National Association | Regions Bank |
| Sep 10, 1999 | Dubois County Bank | Old National Bank |
| Sep 10, 1999 | The Merchants National Bank of Terre Haute | Old National Bank |
| Sep 4, 1999 | Pinnacle Bank of the Quad Cities | Fifth Third Bank |
| Sep 4, 1999 | The Farmers National Bank of Rule, Texas | Hamlin National Bank |
| Sep 4, 1999 | Pinnacle Bank | Fifth Third Bank |
| Sep 4, 1999 | Schenectady Federal Savings Bank | Hudson River Bank & Trust Company |
| Sep 3, 1999 | Pinnacle Banc Group, Inc. | Old Kent Financial Corporation |
| Sep 2, 1999 | Capital Management, Inc. | Flatwater Bank |
| Sep 2, 1999 | Bank of Brady | Flatwater Bank |
| Sep 1, 1999 | FFBS Bancorp, Inc. | Cadence Financial Corporation |
| Sep 1, 1999 | The McDonald Trust Company | Key Trust Company of Ohio, N.A. |
| Sep 1, 1999 | F&M Bank-Iowa South Central | F&M Bank-Iowa Central |
| Sep 1, 1999 | Blue Grass Federal Credit Union | Transcend Credit Union |
| Sep 1, 1999 | Lourdes Employees Credit Union | Signet Federal Credit Union |
| Sep 1, 1999 | Spec Federal Credit Union | Upstate Federal Credit Union |
| Sep 1, 1999 | F&M Bank-Iowa Story County | F&M Bank-Iowa Central |
| Sep 1, 1999 | Emico Employees Federal Credit Union | Widget Federal Credit Union |
| Sep 1, 1999 | First Federal Bank for Savings | (unnamed) |
| Sep 1, 1999 | Security State Bank and Trust Company | First Interstate Bank |
| Sep 1, 1999 | City Commerce Bank | Mid-State Bank & Trust |
| Sep 1, 1999 | J M S Federal Credit Union | Carolina Cooperative Federal Credit Union |
| Sep 1, 1999 | North Fulton Bancshares, Inc. | Premier Bancshares, Inc. |
| Aug 31, 1999 | Riverside Acquisition Corp. | Associated Banc-Corp |
| Aug 31, 1999 | Community Bank, FSB | Chambers Bank of North Arkansas |
| Aug 31, 1999 | B & G Investment Company | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Texas Bancorporation, Inc. | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Henrietta Bancshares, Inc. | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Franklin Bancshares, Inc. | Fidelity Bancorporation, Inc. |
| Aug 31, 1999 | Howmet Alloy Employees Credit Union | Members Connect Federal Credit Union |
| Aug 31, 1999 | Texas National Bankshares, Inc. | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Union Texas Bancorporation, Inc. | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Olean Postal Credit Union | Olean Teachers' and Postal Federal Credit Union |
| Aug 31, 1999 | Benson Financial Corporation | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Venture Partners, Inc. | Western Bancorp |
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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