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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 1, 1999 Abcon Credit Union PA 3HILL Credit Union
Nov 1, 1999 Cemco Federal Credit Union TX Southwest Airlines Federal Credit Union
Nov 1, 1999 Rac Credit Union MO Vantage Credit Union
Oct 31, 1999 Horizon Bancshares, Inc. FL Synovus Financial Corp.
Oct 31, 1999 Morton International Employees Credit Union IL Dow Northeast Employees Federal Credit Union
Oct 31, 1999 Horizon Bank of Florida FL Coastal Bank and Trust of Florida
Oct 31, 1999 Ready Bank of Walton Florida FL Vanguard Bank & Trust Company
Oct 31, 1999 North Baton Rouge Federal Credit Union LA East Baton Rouge Teachers Federal Credit Union
Oct 31, 1999 The First National Bank of Aitkin MN Bremer Bank, National Association
Oct 31, 1999 Ready Bank of Fort Walton Beach Holding Company, Inc. FL Synovus Financial Corp.
Oct 30, 1999 New London Trust, FSB NH Lake Sunapee Bank, FSB
Oct 30, 1999 CNB Bancshares, Inc. IN Fifth Third Bancorp
Oct 30, 1999 Wirtz Employees Federal Credit Union MI Flagship Community Federal Credit Union
Oct 28, 1999 Heli-Coil Employees Credit Union CT Mutual Security Credit Union, Inc.
Oct 28, 1999 F&M Trust Company WI F & M Bank
Oct 23, 1999 Commercial Bank at Alma AR The City National Bank of Fort Smith
Oct 23, 1999 The First State Bank of Leoti KS Western State Bank
Oct 23, 1999 (unnamed) — Firstar Bank Missouri, National Association
Oct 22, 1999 Houston Commerce Bank TX Sterling Bank
Oct 21, 1999 Hartland Bank, National Association TX BBVA USA
Oct 20, 1999 Star Markets Federal Credit Union HI Hawaiian Financial Federal Credit Union
Oct 16, 1999 Pioneer Bancorporation NV Zions Bancorporation
Oct 16, 1999 Bay Commercial Services CA Greater Bay Bancorp
Oct 16, 1999 Pioneer Citizens Bank of Nevada NV Nevada State Bank
Oct 16, 1999 Firstar Bank Milwaukee, National Association WI U.S. Bank N.A.
Oct 16, 1999 Guthrie Federal Savings Bank OK Local Oklahoma Bank
Oct 16, 1999 Firstar Equipment Finance Corporation MN U.S. Bank N.A.
Oct 16, 1999 The First National Bank and Trust Company of Muskogee OK BOKF, N.A.
Oct 15, 1999 Firstar Bank Wausau, National Association WI U.S. Bank N.A.
Oct 15, 1999 The Follett National Bank TX First State Bank of Canadian, National Association
Oct 15, 1999 North Santiam Federal Credit Union OR NW Preferred Federal Credit Union
Oct 13, 1999 Macon Building and Loan Association, F.A. MO Citizens Bank and Trust Company
Oct 13, 1999 (unnamed) — Conestoga Bank
Oct 12, 1999 Waverly Bank MO Pinnacle Bank
Oct 12, 1999 Austin Bancshares, Inc. MO Pinnacle Bancorp, Inc.
Oct 11, 1999 Princeton Bank MN Bremer Bank, National Association
Oct 11, 1999 Kislak Financial Corporation FL Kislak Financial Corporation
Oct 11, 1999 The First State Bank of Eden Prairie MN Bremer Bank, National Association
Oct 10, 1999 Donovan Data Employees Federal Credit Union NY American Broadcast Employees Federal Credit Union
Oct 9, 1999 The Saluda County Bank SC The Anchor Bank
Oct 9, 1999 Community Bank St. Peter MN Flagship Bank Minnesota
Oct 9, 1999 Feather Flex Federal Credit Union MA Saint Anthony of New Bedford Federal Credit Union
Oct 9, 1999 M. S. Bailey & Son, Bankers SC The Anchor Bank
Oct 8, 1999 Regency Bank CA California Bank & Trust
Oct 8, 1999 Security Bank & Trust Co. IN Old National Bank
Oct 8, 1999 The City National Bank of Fulton KY Old National Bank
Oct 8, 1999 Regions Bank, National Association FL Regions Bank
Oct 8, 1999 Farmers Bank and Trust Company of Madisonville KY Old National Bank
Oct 8, 1999 Morganfield National Bank KY Old National Bank
Oct 8, 1999 St. James Bank & Trust Company LA Regions Bank

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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