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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
Jun 3, 1999 FRB Banco Atlantico, S.A. Cease and Desist Order: Banco Atlantico, S.A., Barcelona, Spain and Banco Atlantico, S.A., New …
May 24, 1999 OCC_OTS Sterling Financial Corporation Supervisory Agreement: Sterling Savings Bank
May 24, 1999 OCC_OTS Sterling Financial Corporation Supervisory Agreement: Sterling Savings Bank
May 24, 1999 OCC The Farmers Trust Company Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Farmers And Merchants National Bank …
May 21, 1999 FRB (individual) Cease and Desist Order: B.O.T. Corporation, N.V., Curacao, Netherlands Antilles
May 21, 1999 FRB (individual) Written Agreement: TransAlliance, L.P., Bellevue, WA
May 21, 1999 FRB (individual) Civil Money Penalty $300,000: B.O.T. Corporation, N.V., Curacao, Netherlands Antilles
May 18, 1999 OCC (individual) Formal Agreement: TransAlliance Joint Venture (EDS)
May 17, 1999 OCC First Suburban National Bank Formal Agreement: First Suburban National Bank
May 14, 1999 OCC (individual) C&D or PC&D Requiring Restitution: Clevenger, Gerald
May 14, 1999 OCC (individual) Civil Money Penalty (CMP): Berlau, Dale
May 14, 1999 OCC (individual) Civil Money Penalty (CMP): Berlau, Michael
May 14, 1999 OCC (individual) Civil Money Penalty (CMP): Clevenger, C. W.
May 14, 1999 OCC_OTS (individual) Supervisory Agreement: TransAlliance, L.P.
May 14, 1999 OCC (individual) Civil Money Penalty (CMP): Easter, Glenda
May 14, 1999 OCC (individual) Civil Money Penalty (CMP): Thiessen, James
May 14, 1999 OCC (individual) Prohibition/Removal Orders: Clevenger, Gerald
May 14, 1999 OCC (individual) Civil Money Penalty (CMP): Clevenger, Gerald
May 12, 1999 OCC_OTS (individual) Supervisory Agreement: TransAlliance, L.P.
May 12, 1999 FRB Wellington State Bank Written Agreement: Wellington State Bank, Wellington, TX
May 10, 1999 OCC Ocala National Bank Civil Money Penalty (CMP): Kay, Kyle
May 10, 1999 OCC Ocala National Bank Civil Money Penalty (CMP): Kay, Don
May 10, 1999 OCC_OTS First Federal Bank of California, a Federal Savings Bank Orders of Removal/Prohibition: Lodin Hasiba
May 10, 1999 OCC Ocala National Bank Civil Money Penalty (CMP): Kay, Rance
May 4, 1999 OCC Hana Bank USA, N.A. Prohibition/Removal Orders: Huang, Wen Chu
May 1, 1999 OCC JPMorgan Chase Bank, N.A. Prohibition/Removal Orders: Traba, Michael P.
May 1, 1999 OCC Bank One Trust Company, N.A. Prohibition/Removal Orders: Dyer, Charles A.
May 1, 1999 OCC JPMorgan Chase Bank, N.A. Civil Money Penalty (CMP): Traba, Michael P.
May 1, 1999 OCC JPMorgan Chase Bank, N.A. Securities Enforcement Action: Traba, Michael P.
Apr 30, 1999 OCC Fremont First National Bank Safety and Soundness Order (issued under 12 CFR 30): Fremont First National Bank
Apr 26, 1999 OCC_OTS Elk County Savings and Loan Association Orders of Removal/Prohibition: David Alan Herzog
Apr 23, 1999 OCC Norwest Bank Texas, National Association Prohibition/Removal Orders: Hansmann, Grace
Apr 20, 1999 OCC (individual) Civil Money Penalty (CMP): Dahlman, Dawn
Apr 20, 1999 OCC (individual) Prohibition/Removal Orders: Wenhold, Julie A.
Apr 20, 1999 OCC (individual) Prohibition/Removal Orders: Doherty, Todd
Apr 20, 1999 OCC First Community Bank of Central Alabama Formal Agreement: First National Bank Of Central Alabama
Apr 20, 1999 OCC (individual) Civil Money Penalty (CMP): Doherty, Todd
Apr 20, 1999 OCC (individual) Civil Money Penalty (CMP): Dahlman, Jeffrey
Apr 20, 1999 OCC (individual) C&D or PC&D Requiring Restitution: Doherty, Todd
Apr 20, 1999 OCC (individual) C&D or PC&D Requiring Restitution: Dahlman, Jeffrey
Apr 20, 1999 OCC (individual) C&D or PC&D Requiring Restitution: Dahlman, Dawn
Apr 19, 1999 OCC Founders Trust National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Founders Trust National Bank
Apr 13, 1999 OCC First National Bank in Pawhuska Civil Money Penalty (CMP): Stuart, Douglas
Apr 12, 1999 OCC Six Rivers National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Six Rivers National Bank
Apr 6, 1999 FRB First National Summit Bankshares, Inc. Cease and Desist Order: Paul P. Piper, Jr.
Apr 6, 1999 FRB First National Summit Bankshares, Inc. Civil Money Penalty $25,000: Paul P. Piper, Jr.
Mar 31, 1999 OCC Monument National Bank C&D or PC&D Requiring Restitution: Noyer, Jack
Mar 31, 1999 OCC Monument National Bank Prohibition/Removal Orders: Harrington, Ward
Mar 31, 1999 OCC Monument National Bank Prohibition/Removal Orders: Noyer, Jack
Mar 31, 1999 OCC Monument National Bank C&D or PC&D Requiring Restitution: Harrington, Ward

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