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 |
|---|---|---|
| Aug 30, 1999 | Lorenzo Bancshares, Inc. | Peoples Bancorp, Inc. |
| Aug 28, 1999 | Matewan Bancshares, Inc. | Truist Financial Corporation |
| Aug 28, 1999 | American Pacific State Bank | City National Bank |
| Aug 28, 1999 | UMB Bank Southwest | UMB Bank, N.A. |
| Aug 28, 1999 | UMB Bank, North Central | UMB Bank, N.A. |
| Aug 28, 1999 | FirstBank, National Association | South State Bank |
| Aug 28, 1999 | (unnamed) | UMB Bank, N.A. |
| Aug 27, 1999 | Henrietta Delaware Financial Corporation | Henrietta Bancshares, Inc. |
| Aug 27, 1999 | 1st Floyd Bankshares, Inc. | United Community Banks, Inc. |
| Aug 27, 1999 | The Bank of Sussex and Surry | United Community Bank |
| Aug 27, 1999 | Perry County Holding Company | FB Financial Corporation |
| Aug 27, 1999 | Duncanville National Bank | First State Bank of Texas |
| Aug 27, 1999 | Victoria Bankshares, Inc. | Victoria Financial Services, Inc. |
| Aug 27, 1999 | First State Bank | FirstBank |
| Aug 27, 1999 | State Bank of Farina | Midland States Bank |
| Aug 27, 1999 | Canton Bancshares, Inc. | Farmers National Bancorp, Inc. |
| Aug 27, 1999 | First American Bank, National Association | Guaranty Bank & Trust, N.A. |
| Aug 27, 1999 | Fidelity Bancshares, Inc. | Fidelity Bancorporation, Inc. |
| Aug 26, 1999 | Arizona Bank | BBVA USA |
| Aug 26, 1999 | PierBank | The Washington Trust Company, of Westerly |
| Aug 24, 1999 | Liberty Hill Baptist Church Credit Union, Inc. | Antioch Baptist Church Credit Union, Inc. |
| Aug 23, 1999 | Bank of Matteson | Bank of Homewood, National Association |
| Aug 23, 1999 | Custer County State Bank | Oklahoma Bank and Trust Company |
| Aug 20, 1999 | Elcho Bancorporation, Inc. | The Bancorp, Inc. |
| Aug 20, 1999 | First Bank of Frederick | FCNB Bank |
| Aug 20, 1999 | Key Trust Company | Keystone Financial Bank, National Association |
| Aug 20, 1999 | Financial Trust Services Company | Keystone Financial Bank, National Association |
| Aug 20, 1999 | First Frederick Financial Corporation | FCNB Corp. |
| Aug 19, 1999 | Citizens National Bank | CharterBank |
| Aug 19, 1999 | Graphic Controls Federal Credit Union | Crossroads Community Federal Credit Union |
| Aug 19, 1999 | St. Albans Va Federal Credit Union | People's Alliance Federal Credit Union |
| Aug 18, 1999 | The First National Bank of Spangler | CNB Bank |
| Aug 15, 1999 | Firstar Bank Burlington, N.A. | U.S. Bank N.A. |
| Aug 14, 1999 | Northern Illinois Water Corporation Employees Credit Union | Champaign Municipal Employees Credit Union |
| Aug 14, 1999 | (unnamed) | U.S. Bank N.A. |
| Aug 14, 1999 | Firstar Bank of Minnesota, National Association | U.S. Bank N.A. |
| Aug 14, 1999 | Union Planters Bank of Kentucky, National Association | Union Planters Bank, National Association |
| Aug 13, 1999 | First of Groves Corporation | Wachovia of Alabama, Inc. |
| Aug 13, 1999 | First Bank and Trust | SouthTrust Bank |
| Aug 13, 1999 | City National Bank of Pittsburg | Commerce Bank |
| Aug 11, 1999 | Escambia Educators Federal Credit Union | Penair Credit Union |
| Aug 10, 1999 | The First National Bank of Jefferson | The First National Bank of Hughes Springs |
| Aug 9, 1999 | East Bridgewater Co-operative Bank | Coastal Heritage Bank |
| Aug 7, 1999 | The Bank of Telluride | WestStar Bank |
| Aug 7, 1999 | The Strongsville Savings Bank | Fifth Third Bank, Northwestern Ohio, National Association |
| Aug 7, 1999 | Western Colorado Bank | WestStar Bank |
| Aug 7, 1999 | First Western Bank, National Association | Sky Bank |
| Aug 6, 1999 | Continental National Bank | State National Bank |
| Aug 6, 1999 | Security State Bank Shares | First Interstate Bancsystem, Inc. |
| Aug 6, 1999 | Wingo, Ltd. | Gibson Investment Company |
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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