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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 13, 1999 Neighborhood Credit Union of Odessa TX First Basin Credit Union
Dec 5, 1999 Nissen Employees Federal Credit Union ME Saco Valley Credit Union
Dec 4, 1999 South Plains Bank TX City Bank
Dec 4, 1999 Middlesex County Employees Federal Credit Union MA Metro Credit Union
Dec 4, 1999 Oak Hills Savings and Loan Company, F.A. OH The Provident Bank
Dec 3, 1999 Combankshares, Inc. KS Team Financial Acquisition Subsidiary, Inc.
Dec 2, 1999 Community Bank CT Webster Bank, N.A.
Dec 2, 1999 Olde Port Bank and Trust NH Webster Bank, N.A.
Dec 2, 1999 Bank of America Utah, National Association UT Bank of America, N.A.
Dec 2, 1999 New England Bank and Trust Company CT Webster Bank, N.A.
Dec 2, 1999 First Valley National Bank CA Valencia Bank & Trust
Dec 2, 1999 The Equity Bank CT Webster Bank, N.A.
Dec 1, 1999 Federal Employees Credit Union of Petersburg, Inc. VA Credit Union of Richmond Incorporated
Dec 1, 1999 Pioneer National Bank WA Pacific Northwest Bank
Dec 1, 1999 Mutual Credit Union PA Eagle One Federal Credit Union
Dec 1, 1999 White Gold Credit Union GA Robins Financial Credit Union
Dec 1, 1999 Society Trust Company of New York NY (unnamed)
Dec 1, 1999 Muncie Newspapers Employees Federal Credit Union IN First County Federal Credit Union
Dec 1, 1999 Norwest Nova, Inc. MN WFC Holdings, LLC
Dec 1, 1999 Golden Bear Federal Credit Union CA Espeeco Federal Credit Union
Dec 1, 1999 Journal of Commerce (NY) Empl. Federal Credit Union NJ Baker Federal Credit Union
Dec 1, 1999 Dairymen Federal Credit Union LA Baton Rouge Fire Department Federal Credit Union
Dec 1, 1999 Southern Jersey Bancorp of Delaware, Inc. NJ Hudson United Bancorp
Dec 1, 1999 Blackfoot Educators Credit Union ID Lookout Federal Credit Union
Dec 1, 1999 Jeffbanks, Inc. PA Hudson United Bancorp
Dec 1, 1999 Reed Employees Federal Credit Union PA Erie Federal Credit Union
Dec 1, 1999 The Farmers and Merchants National Bank of Bridgeton NJ Hudson United Bank
Dec 1, 1999 Home Federal Savings and Loan Association NC First South Bank
Dec 1, 1999 Realty Finance, Inc. HI HomeStreet Bank
Dec 1, 1999 Valley Community Bank OR Columbia River Bank
Dec 1, 1999 Jefferson Bank of New Jersey NJ Hudson United Bank
Dec 1, 1999 Meridian Trust Company PA Wachovia Bank, N.A.
Dec 1, 1999 Kaufmann Store Employees Federal Credit Union PA Equitable Federal Credit Union
Dec 1, 1999 Heartland Bankshares, Inc. IA City State Bank
Dec 1, 1999 G & D Employees Credit Union CT Dutch Point Credit Union
Dec 1, 1999 Jefferson Bank PA Hudson United Bank
Nov 30, 1999 Alma Beteiligungsgesellschaft MBH — Deutsche Bank Aktiengesellschaft
Nov 30, 1999 United Industries Federal Credit Union AZ First Credit Union
Nov 30, 1999 Keystone Coca-Cola Employees Federal Credit Union PA Valley Pride Federal Credit Union
Nov 30, 1999 Urs, Inc. Federal Credit Union PA Valley Pride Federal Credit Union
Nov 30, 1999 Dapco Employees Federal Credit Union PA Valley Pride Federal Credit Union
Nov 30, 1999 Lower Umpqua Federal Credit Union OR First Community Credit Union
Nov 30, 1999 Farmers Bank of Vine Grove KY Wilson & Muir Bank & Trust Company
Nov 30, 1999 Nielsen Tool & Die Employees Credit Union CT Wellness Federal Credit Union
Nov 30, 1999 Dairy Industry Credit Union CT Connecticut Federal Credit Union
Nov 30, 1999 Columbus Bancorp, Inc. IN Salin Bancshares, Inc.
Nov 23, 1999 Charter Bancshares, Inc. OK First Sooner Bancshares, Inc.
Nov 20, 1999 Peoples Bank Corporation of Indianapolis IN Fifth Third Bancorp
Nov 20, 1999 Peoples Bank & Trust Company IN Fifth Third Bank, Indiana
Nov 20, 1999 The State Bank of Hallsville MO Central Bank of Boone County

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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