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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 20, 1999 Bristol Federal Credit Union TN United Southeast Federal Credit Union
Nov 20, 1999 Community Federal Bank MS Merchants and Farmers Bank
Nov 18, 1999 St. Anthony Community Hospital Emp. Federal Credit Union NY Mid-Hudson Valley Federal Credit Union
Nov 17, 1999 The Planters Bank & Trust Company AL Robertson Banking Company
Nov 16, 1999 Western Bancorp CA U.S. Bancorp
Nov 16, 1999 Southern California Bank CA U.S. Bank National Association
Nov 16, 1999 Santa Monica Bank CA U.S. Bank National Association
Nov 15, 1999 Forethought National Trustbank IN Clearpoint Federal Bank & Trust
Nov 13, 1999 Firstar Corporation of Arizona AZ Firstar Holdings Corporation
Nov 13, 1999 Pinnacle Bank NE Pinnacle Bank
Nov 13, 1999 Town and Country Finance and Thrift Company CA County Bank
Nov 13, 1999 Community Federal Savings Bank SC Provident Community Bank, National Association
Nov 13, 1999 Pinnacle Bank, National Association NE Pinnacle Bank
Nov 13, 1999 Firstar Metropolitan Bank & Trust AZ U.S. Bank N.A.
Nov 12, 1999 Peoples National Corporation IA C-B-G, Inc.
Nov 10, 1999 The First National Bank of Johnstown CO Union Colony Bank
Nov 10, 1999 Liberty Medical Center Employees Federal Credit Union MD Aberdeen Proving Ground Federal Credit Union
Nov 10, 1999 FNBJ Company CO First National of Colorado, Inc.
Nov 9, 1999 L. I. C. H. Federal Credit Union NY People's Alliance Federal Credit Union
Nov 6, 1999 Oklahoma State Bancorporation, Inc. OK First United Bank and Trust Company
Nov 6, 1999 Oklahoma State Bank OK First United Bank and Trust Company
Nov 6, 1999 Commercial Trust and Savings Bank SD First National Bank South Dakota
Nov 6, 1999 Belmar Federal Savings and Loan Association MD Hamilton Bank
Nov 6, 1999 First State Bank TX State Bank
Nov 6, 1999 Commercial Banshares, Inc. SD First National Bank South Dakota
Nov 5, 1999 The First National Bank of Oblong IL Old National Bank
Nov 5, 1999 Meigs County Bank TN Regions Bank
Nov 5, 1999 (unnamed) — Old National Bank
Nov 5, 1999 United Southwest Bank IN Old National Bank
Nov 5, 1999 ONB Bloomington, National Association IN Old National Bank
Nov 5, 1999 The First National Bank of Harrisburg IL Old National Bank
Nov 5, 1999 First-Citizens Bank and Trust Company IN Old National Bank
Nov 5, 1999 Jacobs Bank AL Regions Bank
Nov 5, 1999 Palmer-American National Bank of Danville IL Old National Bank
Nov 5, 1999 First Security Bank of Southern New Mexico, National Association NM First Security Bank of New Mexico, National Association
Nov 5, 1999 Bank of Western Indiana IN Old National Bank
Nov 3, 1999 Axtell Agency, Inc. KS Bern Bancshares, Inc.
Nov 2, 1999 Winona Savings Bank MO Valley View State Bank
Nov 2, 1999 Milford Hospital Employees Federal Credit Union CT McKesson Federal Credit Union
Nov 1, 1999 American Bank KS Hillcrest Bank
Nov 1, 1999 Woodlands National Bank MN Woodlands National Bank
Nov 1, 1999 Frelco Employees Federal Credit Union MA St. Anne's Credit Union
Nov 1, 1999 Freedom Federal Credit Union PA Freedom Credit Union
Nov 1, 1999 Teamsters 676 Federal Credit Union NJ New Jersey Community Federal Credit Union
Nov 1, 1999 Clopay Employees Federal Credit Union OH Aurgroup Financial Credit Union
Nov 1, 1999 Teamsters Local 491 Federal Credit Union PA Frick Financial Federal Credit Union
Nov 1, 1999 Mo-Mach Federal Credit Union PA Choice One Community Federal Credit Union
Nov 1, 1999 Michiana Federal Credit Union IN Inova Federal Credit Union
Nov 1, 1999 North Carolina NG Savings and Credit Union NC Members Credit Union
Nov 1, 1999 Harrisonville Bancshares, Inc. MO Midamerican Bancshares, Inc.

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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