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
Dec 31, 1999 Pottery Credit Union IL Credit Union 1
Dec 31, 1999 First Waukegan Corporation IL State Financial Services Corporation
Dec 31, 1999 Loujo Company WI M&I Marshall and Ilsley Bank
Dec 31, 1999 Patapsco Valley Bancshares, Inc. MD F&M Bancorp
Dec 31, 1999 National Business Bank CA Calwest Bank
Dec 31, 1999 Century Bank CA First Bank & Trust
Dec 31, 1999 The 780 North Corp. WI M&I Marshall and Ilsley Bank
Dec 31, 1999 Tri-County Federal Finance One MD Community Bank of the Chesapeake
Dec 31, 1999 Bancshares of Dyer, Inc. TN Civitas Bankgroup, Inc.
Dec 31, 1999 Commercial and Farmers Bank MD Farmers & Mechanics Bank
Dec 31, 1999 M&I Building Corp. WI M&I Marshall and Ilsley Bank
Dec 31, 1999 Letchworth Independent Bancshares Corporation NY Tompkins Financial Corporation
Dec 31, 1999 Republic Bank of New York NY HSBC Bank USA, N.A.
Dec 31, 1999 Richmond Bancorp, Inc. WI State Financial Services Corporation
Dec 31, 1999 Norwest Holding Company MN Wells Fargo & Company
Dec 31, 1999 FSB Investment Holdings Co., Inc. KS Community First Bank
Dec 31, 1999 State Financial Investments Inc. WI State Financial Bank
Dec 31, 1999 Republic New York Corporation NY HSBC USA Inc.
Dec 30, 1999 UB&T Holding Company TX State National Bancshares of Delaware, Inc.
Dec 30, 1999 Mid Am Private Trust, N.A. OH SKY Trust, N.A.
Dec 29, 1999 Dairy State Investments, Inc. WI Dairy State Financial Services, Inc.
Dec 29, 1999 Pinnacle Financial Consultants, Inc. IN Fifth Third Bancorp
Dec 28, 1999 Illinois District Federal Credit Union IL Revity Credit Union
Dec 28, 1999 Union Planters Realty Inc FL Union Planters Bank, National Association
Dec 28, 1999 Network Financial Corporation FL Union Planters Bank, National Association
Dec 28, 1999 Security First Bank CA Bank of Orange County
Dec 27, 1999 Ufs Capital Corporation WI Associated Banc-Corp
Dec 27, 1999 FFS Funding Corp., Inc. WI Associated Banc-Corp
Dec 24, 1999 (unnamed) — Amtrade International Bank of Georgia
Dec 23, 1999 Dunn County Bankshares, Inc. MN Bremer Financial Corporation
Dec 23, 1999 Norwest Agricultural Credit, Inc. SD Wells Fargo & Company
Dec 23, 1999 State Street Brokerage Services, Inc. MA State Street Bank and Trust Company
Dec 23, 1999 Dean Holdings, LLC MN Bremer Financial Corporation
Dec 22, 1999 First Southwest Bank LA First Guaranty Bank
Dec 21, 1999 River Bancorp, Inc. MN Community First Bankshares, Inc.
Dec 21, 1999 Bremer Premium Finance Corporation WI Dunn County Bankshares, Inc.
Dec 20, 1999 KSB Bancorp, Inc. ME Camden National Corporation
Dec 18, 1999 Bird and Beaker Credit Union IA 1st Gateway Credit Union
Dec 18, 1999 First State Bank OK First State Bank
Dec 18, 1999 Mid America Steel Employees Credit Union ND United Savings Credit Union
Dec 17, 1999 Lincoln Bank & Trust Company OK First Bank & Trust Company
Dec 17, 1999 Lincoln Financial Corporation OK First Bank & Trust Company
Dec 16, 1999 Fulton Savings Bank, FSB MO The Central Trust Bank
Dec 16, 1999 Central Texas Bank TX United Bank Texas
Dec 16, 1999 Pergament Employees Federal Credit Union NY Sperry Associates Federal Credit Union
Dec 15, 1999 California Financial Bancorp CA California Community Bancshares, Inc.
Dec 15, 1999 Trident Credit Union PA Trumark Credit Union
Dec 15, 1999 Pacific Financial Corporation WA Pacific Financial Corporation
Dec 14, 1999 Utica-Observer-Dispatch Employees Credit Union NY G.P.O. Federal Credit Union
Dec 14, 1999 Meadow Gold Employees Federal Credit Union ID Idaho United Credit Union

The list holds 500 of the 1,063 mergers recorded for 1999.

Enforcement Actions in 1999

Action date Agency Institution Action
Mar 30, 1999 OCC_OTS First Data Corporation Supervisory Agreement: First Data Corporation
Mar 30, 1999 OCC First Data Corporation Formal Agreement: First Data Corporation
Mar 30, 1999 OCC_OTS (individual) Civil Money Penalty: William E. Cahill, Jr.
Mar 30, 1999 OCC_OTS Labe Federal Bank for Savings Civil Money Penalty: Roland G. Ley
Mar 30, 1999 OCC_OTS Labe Federal Bank for Savings Civil Money Penalty: Lowell I. Stahl
Mar 30, 1999 OCC_OTS (individual) Civil Money Penalty: John D. Foster
Mar 30, 1999 OCC_OTS (individual) Civil Money Penalty: James R. Sneider
Mar 30, 1999 OCC_OTS (individual) Civil Money Penalty: James J. Carmody
Mar 30, 1999 OCC_OTS Labe Federal Bank for Savings Civil Money Penalty: Frank J. Kross
Mar 30, 1999 OCC_OTS Labe Federal Bank for Savings Civil Money Penalty: Frank C. Casillas
Mar 30, 1999 OCC_OTS Labe Federal Bank for Savings Civil Money Penalty: Dilia Camacho-Saeedi
Mar 29, 1999 FRB First Data Corporation Written Agreement: First Data Corporation, Paramus, NJ
Mar 25, 1999 FRB Foxdale Bancorp, Inc. Written Agreement: Foxdale Bancorp, Inc., South Elgin, IL and Foxdale Bank, South Elgin, IL
Mar 25, 1999 OCC Founders Trust National Bank Formal Agreement: Founders Trust National Bank
Mar 22, 1999 OCC_OTS (individual) Supervisory Agreement: Dominion Savings Bank
Mar 22, 1999 OCC BNY Mellon, N.A. Prohibition/Removal Orders: Luck, Jeffrey
Mar 22, 1999 OCC_OTS (individual) Supervisory Agreement: Dominion Savings Bank, FSB
Mar 18, 1999 OCC_OTS (individual) Supervisory Agreement: Dominion Savings Bank, FSB
Mar 18, 1999 OCC_OTS (individual) Supervisory Agreement: Dominion Savings Bank FSB
Mar 18, 1999 OCC Peoples National Bank of Commerce Civil Money Penalty (CMP): Aguirre, John
Mar 11, 1999 OCC First National Bank of Luverne Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank In Garretson
Mar 11, 1999 OCC The First National Bank of Pipestone Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Pipestone
Mar 9, 1999 OCC First National Bank of Wiggins Civil Money Penalty (CMP): Parsons, Jack
Mar 9, 1999 OCC JPMorgan Chase Bank, N.A. Civil Money Penalty (CMP): First National Bank of Chicago, The
Mar 5, 1999 OCC Associates Corporation of North America <A Texas Corporation> Prohibition/Removal Orders: Escamilla Favela, Irene
Mar 1, 1999 OCC_OTS (individual) Cease and Desist: Timothy J. Moriarty
Feb 24, 1999 OCC_OTS (individual) Civil Money Penalty: James J. Shoffner
Feb 24, 1999 OCC_OTS (individual) Cease and Desist: J. Roy Shoffner
Feb 24, 1999 OCC_OTS (individual) Cease and Desist: James J. Shoffner
Feb 24, 1999 FRB Bankers Company of New York Civil Money Penalty $120,000: Hogi Patrick Hyun
Feb 24, 1999 FRB Bankers Company of New York Cease and Desist Order: Hogi Patrick Hyun
Feb 23, 1999 OCC First National Bank in Pawhuska Civil Money Penalty (CMP): Dickerson, William J.
Feb 23, 1999 OCC First National Bank in Pawhuska Civil Money Penalty (CMP): Stuart, Robert B.
Feb 23, 1999 OCC (individual) Civil Money Penalty (CMP): Stuart, J. Patrick
Feb 23, 1999 OCC First National Bank in Pawhuska Civil Money Penalty (CMP): Stuart, Elizabeth A.
Feb 23, 1999 OCC First National Bank in Pawhuska Civil Money Penalty (CMP): Stuart, Douglas G.
Feb 23, 1999 OCC First National Bank in Pawhuska Civil Money Penalty (CMP): Stuart, Charles
Feb 23, 1999 OCC First National Bank in Pawhuska Civil Money Penalty (CMP): Marshall, John S.
Feb 23, 1999 OCC First National Bank in Pawhuska Civil Money Penalty (CMP): Larsh, Steven S.
Feb 18, 1999 OCC (individual) Prohibition/Removal Orders: Champaigne, Anna
Feb 12, 1999 OCC Norwest Trust Texas, N.A. - Waco Prohibition/Removal Orders: Jones, Cody
Feb 12, 1999 OCC First Central Bank, National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Central Bank, National Association
Feb 12, 1999 OCC (individual) Civil Money Penalty (CMP): First Central Bank, N.A.
Feb 10, 1999 OCC_OTS United Savings Association of Texas Cease and Desist: Barry A. Munitz
Feb 10, 1999 OCC_OTS United Savings Association of Texas Cease and Desist: Ronald Huebsch
Feb 10, 1999 OCC_OTS United Savings Association of Texas Cease and Desist: Arthur S. Berner
Feb 10, 1999 OCC_OTS United Savings Association of Texas Cease and Desist: Michael Crow
Feb 10, 1999 OCC_OTS United Savings Association of Texas Cease and Desist: Jenard M. Gross
Feb 10, 1999 OCC_OTS United Savings Association of Texas Cease and Desist: Barry A. Munitz
Feb 8, 1999 OCC_OTS First Bank of Beverly Hills Cease and Desist: First Bank of Beverly Hills, FSB

Browse adjacent years: 1998 · 2000

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