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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
Oct 8, 1999 First State Bank KY Old National Bank
Oct 7, 1999 Regency Bancorp CA Zions Bancorporation
Oct 7, 1999 Valley National Corporation CA Community First Bankshares, Inc.
Oct 5, 1999 Brylane Associates Credit Union IN Indiana Members Credit Union
Oct 4, 1999 Orange National Bancorp CA CVB Financial Corp.
Oct 4, 1999 Orange National Bank CA Citizens Business Bank, N.A.
Oct 4, 1999 Saint John Presbyterian Church Credit Union MI First Financial Credit Union
Oct 2, 1999 St Paul Federal Bank for Savings IL Charter One Bank, National Association
Oct 2, 1999 St. Paul Bancorp, Inc. IL Charter-Michigan Bancorp, Inc.
Oct 2, 1999 Corhart Employees Credit Union WV Home Federal Credit Union
Oct 2, 1999 Stone Street Bank & Trust NC Central Carolina Bank and Trust Company
Oct 1, 1999 Red Arrow-American Credit Union TX Saint Joseph's Credit Union
Oct 1, 1999 Amcore Bank, Aledo IL AMCORE Bank, N.A.
Oct 1, 1999 Santa Fe Credit Union - Topeka KS Communityamerica Federal Credit Union
Oct 1, 1999 Gallmeyer Livingston Employees Federal Credit Union MI Rivertown Community Federal Credit Union
Oct 1, 1999 Marquette Bank Rochester, National Association MN Marquette Bank, National Association
Oct 1, 1999 Bristol Group Federal Credit Union CT Alero Financial Credit Union
Oct 1, 1999 Stephen Bancshares, Inc. MN Pembina County Bankshares, Ltd.
Oct 1, 1999 Amcore Bank, National Association, North Central IL AMCORE Bank, N.A.
Oct 1, 1999 Midwest Federal Financial Corp. WI AMCORE Financial, Inc.
Oct 1, 1999 J.P. Morgan Texas TX J.P. Morgan FSB
Oct 1, 1999 NBT Northwest Bancorp WA Pacific Northwest Bancorp
Oct 1, 1999 Teamster's Local #988 Credit Union TX Team Financial Federal Credit Union
Oct 1, 1999 Prairie Bancorporation, Inc. MN Wabasso Bancshares, Inc.
Oct 1, 1999 Country Bank Shares Corporation WI AMCORE Bank, N.A.
Oct 1, 1999 Bankboston Corporation MA Fleetboston Financial Corporation
Oct 1, 1999 Greater Ohio River Company OH Tonti Financial Corporation
Oct 1, 1999 Country Bank Shares Corporation WI AMCORE Financial, Inc.
Oct 1, 1999 First American Corporation TN Amsouth Bancorporation
Oct 1, 1999 Monterey-San Benito Grange Credit Union CA Allus Credit Union
Oct 1, 1999 Laire Federal Credit Union CA Southland Credit Union
Oct 1, 1999 American National Federal Credit Union CA United Workers Federal Credit Union
Oct 1, 1999 The Horizon Bank of Virginia VA Southern Financial Bank
Oct 1, 1999 Dow-Hanging Rock Federal Credit Union OH Community United Credit Union
Oct 1, 1999 Southwest Credit Union MI First United Credit Union
Oct 1, 1999 Colonial Gas Employees Federal Credit Union MA Jeanne D'Arc Credit Union
Oct 1, 1999 Amcore Bank, National Association, South Central WI AMCORE Bank, N.A.
Oct 1, 1999 Farmers State Bank of Stephen MN Citizens State Bank - Midwest
Oct 1, 1999 Houston Area Central Credit Union TX Smart Financial Credit Union
Oct 1, 1999 Pleasants County Schools Employees Federal Credit Union WV Long Reach Federal Credit Union
Oct 1, 1999 Citizens State Bank of Walnut Grove MN Integrity Bank Plus
Oct 1, 1999 HP Family Federal Credit Union MA First Technology Federal Credit Union
Oct 1, 1999 Amcore Bank National Association, Rock River Valley IL AMCORE Bank, N.A.
Oct 1, 1999 HP Rocky Mountain Federal Credit Union CO First Technology Federal Credit Union
Oct 1, 1999 Rocky Ford Federal Credit Union CO Arkansas Valley Federal Credit Union
Oct 1, 1999 United Employees Credit Union of Florida FL Insight Credit Union
Oct 1, 1999 J.P. Morgan California CA J.P. Morgan FSB
Oct 1, 1999 Stockmens National Bank NE Security First Bank
Oct 1, 1999 Saint Anselms Federal Credit Union CA Redwood Credit Union
Oct 1, 1999 Amcore Bank National Association, Northwest IL AMCORE Bank, N.A.

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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