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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
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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