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 | Assets |
|---|---|---|
| Dec 10, 1999 | Golden City Commercial Bank | $87.2M |
| Nov 22, 1999 | Pacific Thrift and Loan Co | $127.3M |
| Sep 10, 1999 | Peoples NB of Commerce | $36.8M |
| Sep 1, 1999 | First NB of Keystone | $1.12B |
| Jul 9, 1999 | East Texas NB of Marshall | $121.6M |
| Jul 9, 1999 | Oceanmark Bank, a FSB | $69.0M |
| Apr 23, 1999 | Zia New Mexico Bank | $17.3M |
| Mar 26, 1999 | Victory State Bank | $13.2M |
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 | Acquirer |
|---|---|---|
| Sep 13, 1999 | (unnamed) | Advance Bank |
| Sep 13, 1999 | Chicago City Bancorporation, Inc. | Pullman Group, Inc. |
| Sep 11, 1999 | First Community Bank of Vidalia | First Liberty Bank |
| Sep 11, 1999 | UMB Bank, Warrensburg | UMB Bank, N.A. |
| Sep 11, 1999 | UMB Bank, Jefferson City | UMB Bank, N.A. |
| Sep 11, 1999 | UMB Bank, Boonville | UMB Bank, N.A. |
| Sep 11, 1999 | Sweet Water State Bancshares, Inc. | Banctrust Financial Group, Inc. |
| Sep 11, 1999 | Eastern Heights Bank | Wells Fargo Bank Minnesota, National Association |
| Sep 11, 1999 | Super Savings Credit Union | First South Financial Federal Credit Union |
| Sep 11, 1999 | Firstar Bank Wisconsin | U.S. Bank N.A. |
| Sep 11, 1999 | Walthall Citizens Bank | Citizens Bank |
| Sep 10, 1999 | The Planters Bank | Regions Bank |
| Sep 10, 1999 | The Arkansas Bank | Regions Bank |
| Sep 10, 1999 | The Farmers and Merchants State Bank, Effingham, Kansas | Exchange Bank & Trust |
| Sep 10, 1999 | The Arkansas Bank | Regions Bank |
| Sep 10, 1999 | The Arkansas Bank National Association | Regions Bank |
| Sep 10, 1999 | Dubois County Bank | Old National Bank |
| Sep 10, 1999 | The Merchants National Bank of Terre Haute | Old National Bank |
| Sep 4, 1999 | Pinnacle Bank of the Quad Cities | Fifth Third Bank |
| Sep 4, 1999 | The Farmers National Bank of Rule, Texas | Hamlin National Bank |
| Sep 4, 1999 | Pinnacle Bank | Fifth Third Bank |
| Sep 4, 1999 | Schenectady Federal Savings Bank | Hudson River Bank & Trust Company |
| Sep 3, 1999 | Pinnacle Banc Group, Inc. | Old Kent Financial Corporation |
| Sep 2, 1999 | Capital Management, Inc. | Flatwater Bank |
| Sep 2, 1999 | Bank of Brady | Flatwater Bank |
| Sep 1, 1999 | FFBS Bancorp, Inc. | Cadence Financial Corporation |
| Sep 1, 1999 | The McDonald Trust Company | Key Trust Company of Ohio, N.A. |
| Sep 1, 1999 | F&M Bank-Iowa South Central | F&M Bank-Iowa Central |
| Sep 1, 1999 | Blue Grass Federal Credit Union | Transcend Credit Union |
| Sep 1, 1999 | Lourdes Employees Credit Union | Signet Federal Credit Union |
| Sep 1, 1999 | Spec Federal Credit Union | Upstate Federal Credit Union |
| Sep 1, 1999 | F&M Bank-Iowa Story County | F&M Bank-Iowa Central |
| Sep 1, 1999 | Emico Employees Federal Credit Union | Widget Federal Credit Union |
| Sep 1, 1999 | First Federal Bank for Savings | (unnamed) |
| Sep 1, 1999 | Security State Bank and Trust Company | First Interstate Bank |
| Sep 1, 1999 | City Commerce Bank | Mid-State Bank & Trust |
| Sep 1, 1999 | J M S Federal Credit Union | Carolina Cooperative Federal Credit Union |
| Sep 1, 1999 | North Fulton Bancshares, Inc. | Premier Bancshares, Inc. |
| Aug 31, 1999 | Riverside Acquisition Corp. | Associated Banc-Corp |
| Aug 31, 1999 | Community Bank, FSB | Chambers Bank of North Arkansas |
| Aug 31, 1999 | B & G Investment Company | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Texas Bancorporation, Inc. | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Henrietta Bancshares, Inc. | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Franklin Bancshares, Inc. | Fidelity Bancorporation, Inc. |
| Aug 31, 1999 | Howmet Alloy Employees Credit Union | Members Connect Federal Credit Union |
| Aug 31, 1999 | Texas National Bankshares, Inc. | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Union Texas Bancorporation, Inc. | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Olean Postal Credit Union | Olean Teachers' and Postal Federal Credit Union |
| Aug 31, 1999 | Benson Financial Corporation | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Venture Partners, Inc. | Western Bancorp |
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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