Skip to main content

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
Aug 6, 1999 Sierra Bank NM State National Bank
Aug 5, 1999 Citizens Bank of Missouri MO BC National Banks
Aug 3, 1999 Delta Bancshares, Inc. AR Delta Bancshares of Louisiana, Inc.
Aug 3, 1999 First Financial Corporation TN National Commerce Financial Corporation
Aug 2, 1999 Arw Federal Credit Union TX Southwest Financial Federal Credit Union
Aug 2, 1999 American States Employees Federal Credit Union IN Indiana Members Credit Union
Aug 1, 1999 Nope Federal Credit Union LA Navy Federal Credit Union
Aug 1, 1999 Carpenters 1498 Federal Credit Union UT Pacific Horizon Credit Union
Aug 1, 1999 Broad National Bank NJ Independence Community Bank
Aug 1, 1999 FSC Federal Credit Union CA Premierone Credit Union
Aug 1, 1999 Sunshine Employees Federal Credit Union NJ Raritan Bay Federal Credit Union
Aug 1, 1999 York Tracktown Employees Credit Union PA First Capital Federal Credit Union
Aug 1, 1999 Memphis Buckeye Federal Credit Union TN Southern Security Federal Credit Union
Aug 1, 1999 New Jersey-Metro Federal Credit Union NJ North Jersey Federal Credit Union
Aug 1, 1999 Stroh Brewery Federal Credit Union NC Truliant Federal Credit Union
Aug 1, 1999 Broad National Bancorporation NJ Independence Community Bank Corp
Aug 1, 1999 Prime Bancorp, Inc. PA First Valley Corporation
Jul 31, 1999 Paysaver Credit Union IL Credit Union 1
Jul 31, 1999 Firstbancorporation, Inc. SC SouthState Bank Corporation
Jul 31, 1999 San Francisco Postal Credit Union CA F3 Credit Union
Jul 31, 1999 FirstBank of the Midlands, National Association SC FirstBank, National Association
Jul 31, 1999 Mannor Slacks Federal Credit Union AL All in Federal Credit Union
Jul 31, 1999 UMB Bank, Northwest MO UMB Bank, N.A.
Jul 31, 1999 Chevron Employees Federal Credit Union AZ Chevron Federal Credit Union
Jul 30, 1999 Navigation Bank TX SouthTrust Bank
Jul 30, 1999 Delaware First Bank, F.S.B. DE R-G Crown Bank
Jul 30, 1999 Resolute Savings & Loan Association PA Chelten Hills Savings Bank
Jul 27, 1999 Dewey County Bancorporation, Inc. OK Consolidated Equity Corporation
Jul 27, 1999 Dewey County State Bank OK First American Bank
Jul 23, 1999 American Security Bank of Ville Platte LA Whitney Bank
Jul 23, 1999 (unnamed) — Bank of America, N.A.
Jul 23, 1999 Delmarva Fife Federal Credit Union DE Tidemark Federal Credit Union
Jul 22, 1999 The First National Bank of Carthage TX Farmers State Bank
Jul 17, 1999 Commerce Bank Corporation MD Truist Bank
Jul 17, 1999 First Virginia Bank - Commonwealth VA First Virginia Bank - Hampton Roads
Jul 17, 1999 Republic National Bank of Miami FL Union Planters Bank, National Association
Jul 17, 1999 Tysons National Bank VA Branch Banking and Trust Company of Virginia
Jul 17, 1999 Home Savings Bank of Siler City, SSB NC Capital Bank
Jul 17, 1999 Bank of Indianola NE Adams Bank & Trust
Jul 17, 1999 (unnamed) — Wachovia Bank, N.A.
Jul 17, 1999 First Federal Bank OH Sky Bank-Mid AM Region
Jul 17, 1999 The First National Bank of Clifton Forge VA Branch Banking and Trust Company of Virginia
Jul 17, 1999 First Community Bank of Saltville VA Branch Banking and Trust Company of Virginia
Jul 17, 1999 Bank of Carroll VA Branch Banking and Trust Company of Virginia
Jul 17, 1999 Bank of Ferrum VA Branch Banking and Trust Company of Virginia
Jul 17, 1999 Alvin State Bank TX Union Planters Bank, National Association
Jul 17, 1999 (unnamed) — Branch Banking and Trust Company of Virginia
Jul 17, 1999 Piedmont Trust Bank VA Branch Banking and Trust Company of Virginia
Jul 17, 1999 Indianola Agency, Inc. NE Adbanc, Inc.
Jul 17, 1999 The First Bank of Stuart VA Branch Banking and Trust Company of Virginia

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

Browse adjacent years: 1998 · 2000

Or jump to a category: Failures · Mergers · Enforcement · Assistance