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