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 |
|---|---|---|
| Jul 17, 1999 | MainStreet Bank Central Virginia | Branch Banking and Trust Company of Virginia |
| Jul 17, 1999 | Bank of Northern Virginia | Branch Banking and Trust Company of Virginia |
| Jul 16, 1999 | The Village Bank of Florida | Regions Bank |
| Jul 16, 1999 | The St. Mary Bank and Trust Company | Regions Bank |
| Jul 16, 1999 | Bank of Commerce | U.S. Bank National Association |
| Jul 15, 1999 | First Philson Bank, National Association | Promistar Bank |
| Jul 15, 1999 | High Point Financial Corp. | Lakeland Bancorp, Inc. |
| Jul 15, 1999 | First Philson Financial Corporation | Promistar Financial Corporation |
| Jul 14, 1999 | Bankerstrust of Alabama, Inc. | The Banc Corporation |
| Jul 14, 1999 | Bankers Trust of Madison | Superior Bank |
| Jul 13, 1999 | United Liberty Federal Credit Union | Viriva Community Credit Union |
| Jul 10, 1999 | NBC Bank Corp. | Simmons First National Corporation |
| Jul 10, 1999 | Cypress Bank | Community Bank of Central California |
| Jul 10, 1999 | Community First Bank | Fifth Third Bank |
| Jul 10, 1999 | The First National Bank and Trust Company of Corbin | Union Planters Bank, National Association |
| Jul 10, 1999 | First Bank of East Tennessee, National Association | Union Planters Bank, National Association |
| Jul 9, 1999 | CFSB Bancorp, Inc. (Michigan) | Old Kent Financial Corporation |
| Jul 8, 1999 | The Columbus State Bank | Commerce Bank |
| Jul 7, 1999 | SunTrust Bank, Tallahassee, National Association | SunTrust Bank, Northwest, Florida |
| Jul 6, 1999 | Hessell - TPC Federal Credit Union | Pacific NW Federal Credit Union |
| Jul 6, 1999 | Apse Federal Credit Union | Southern Teachers & Parents Federal Credit Union |
| Jul 3, 1999 | The Blue Springs State Bank | The First National Bank & Trust Company of Beatrice |
| Jul 3, 1999 | 1st Group, Inc. | Homestead Financial Corporation |
| Jul 2, 1999 | American Chapels Credit Union | Tremont Credit Union |
| Jul 2, 1999 | Damen National Bank | MB Financial Bank, National Association |
| Jul 1, 1999 | Denver Ban Corporation | PSB Corporation |
| Jul 1, 1999 | Statco Credit Union | Southeast Federal Credit Union |
| Jul 1, 1999 | Sierrawest Bancorp | Bank of the West |
| Jul 1, 1999 | Merchants of Shenandoah Ban-Corp | Vist Financial Corp. |
| Jul 1, 1999 | Springfield Investment Company | Piesco, Inc. |
| Jul 1, 1999 | Soldier Valley Financial Services, Inc. | Dunlap Iowa Holding Co. |
| Jul 1, 1999 | Citizens First National Bank | Mercantile Bank |
| Jul 1, 1999 | Enro Shirt Company Employees Credit Union | L&N Federal Credit Union |
| Jul 1, 1999 | Spreckels District 4 Credit Union | United Local Credit Union |
| Jul 1, 1999 | Dulico Federal Credit Union | Financial Advantage Federal Credit Union |
| Jul 1, 1999 | Skaneateles Bancorp, Inc. | BSB Bancorp, Inc. |
| Jul 1, 1999 | Saint Elizabeth Employees Federal Credit Union | Universal 1 Credit Union, Inc. |
| Jul 1, 1999 | Mac Cabees Home Office Federal Credit Union | Genisys Credit Union dba Genisys Investment Services |
| Jul 1, 1999 | Magic Valley Teachers Credit Union | Idaho Central Credit Union |
| Jul 1, 1999 | Merchants State Bank of North Branch | The First National Bank of Hudson |
| Jul 1, 1999 | Rayovac Credit Union | Members First Credit Union |
| Jul 1, 1999 | Cngoc Federal Credit Union | East Ohio Gas Cleveland Operating Employees Federal Credit Union |
| Jul 1, 1999 | Bridgport Brass Indianapolis Federal Credit Union | Harvester Financial Credit Union |
| Jul 1, 1999 | Madison Teachers Credit Union | Frontier Credit Union |
| Jul 1, 1999 | Canton Federal Savings and Loan Association | The North Country Savings Bank |
| Jul 1, 1999 | 1st Security Bank of Laurel | First Citizens Bank of Billings |
| Jul 1, 1999 | Iowa Resources Employees Credit Union | Midland Credit Union |
| Jul 1, 1999 | Anheuser- Busch Newark Employees Federal Credit Union | Together Credit Union |
| Jul 1, 1999 | Peoples Bank | First American National Bank |
| Jul 1, 1999 | Saint Pius X Parish Credit Union, Inc. | Oc Federal 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 |
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