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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
Nov 20, 1999 Bristol Federal Credit Union TN United Southeast Federal Credit Union
Nov 20, 1999 Community Federal Bank MS Merchants and Farmers Bank
Nov 18, 1999 St. Anthony Community Hospital Emp. Federal Credit Union NY Mid-Hudson Valley Federal Credit Union
Nov 17, 1999 The Planters Bank & Trust Company AL Robertson Banking Company
Nov 16, 1999 Western Bancorp CA U.S. Bancorp
Nov 16, 1999 Southern California Bank CA U.S. Bank National Association
Nov 16, 1999 Santa Monica Bank CA U.S. Bank National Association
Nov 15, 1999 Forethought National Trustbank IN Clearpoint Federal Bank & Trust
Nov 13, 1999 Firstar Corporation of Arizona AZ Firstar Holdings Corporation
Nov 13, 1999 Pinnacle Bank NE Pinnacle Bank
Nov 13, 1999 Town and Country Finance and Thrift Company CA County Bank
Nov 13, 1999 Community Federal Savings Bank SC Provident Community Bank, National Association
Nov 13, 1999 Pinnacle Bank, National Association NE Pinnacle Bank
Nov 13, 1999 Firstar Metropolitan Bank & Trust AZ U.S. Bank N.A.
Nov 12, 1999 Peoples National Corporation IA C-B-G, Inc.
Nov 10, 1999 The First National Bank of Johnstown CO Union Colony Bank
Nov 10, 1999 Liberty Medical Center Employees Federal Credit Union MD Aberdeen Proving Ground Federal Credit Union
Nov 10, 1999 FNBJ Company CO First National of Colorado, Inc.
Nov 9, 1999 L. I. C. H. Federal Credit Union NY People's Alliance Federal Credit Union
Nov 6, 1999 Oklahoma State Bancorporation, Inc. OK First United Bank and Trust Company
Nov 6, 1999 Oklahoma State Bank OK First United Bank and Trust Company
Nov 6, 1999 Commercial Trust and Savings Bank SD First National Bank South Dakota
Nov 6, 1999 Belmar Federal Savings and Loan Association MD Hamilton Bank
Nov 6, 1999 First State Bank TX State Bank
Nov 6, 1999 Commercial Banshares, Inc. SD First National Bank South Dakota
Nov 5, 1999 The First National Bank of Oblong IL Old National Bank
Nov 5, 1999 Meigs County Bank TN Regions Bank
Nov 5, 1999 (unnamed) — Old National Bank
Nov 5, 1999 United Southwest Bank IN Old National Bank
Nov 5, 1999 ONB Bloomington, National Association IN Old National Bank
Nov 5, 1999 The First National Bank of Harrisburg IL Old National Bank
Nov 5, 1999 First-Citizens Bank and Trust Company IN Old National Bank
Nov 5, 1999 Jacobs Bank AL Regions Bank
Nov 5, 1999 Palmer-American National Bank of Danville IL Old National Bank
Nov 5, 1999 First Security Bank of Southern New Mexico, National Association NM First Security Bank of New Mexico, National Association
Nov 5, 1999 Bank of Western Indiana IN Old National Bank
Nov 3, 1999 Axtell Agency, Inc. KS Bern Bancshares, Inc.
Nov 2, 1999 Winona Savings Bank MO Valley View State Bank
Nov 2, 1999 Milford Hospital Employees Federal Credit Union CT McKesson Federal Credit Union
Nov 1, 1999 American Bank KS Hillcrest Bank
Nov 1, 1999 Woodlands National Bank MN Woodlands National Bank
Nov 1, 1999 Frelco Employees Federal Credit Union MA St. Anne's Credit Union
Nov 1, 1999 Freedom Federal Credit Union PA Freedom Credit Union
Nov 1, 1999 Teamsters 676 Federal Credit Union NJ New Jersey Community Federal Credit Union
Nov 1, 1999 Clopay Employees Federal Credit Union OH Aurgroup Financial Credit Union
Nov 1, 1999 Teamsters Local 491 Federal Credit Union PA Frick Financial Federal Credit Union
Nov 1, 1999 Mo-Mach Federal Credit Union PA Choice One Community Federal Credit Union
Nov 1, 1999 Michiana Federal Credit Union IN Inova Federal Credit Union
Nov 1, 1999 North Carolina NG Savings and Credit Union NC Members Credit Union
Nov 1, 1999 Harrisonville Bancshares, Inc. MO Midamerican Bancshares, Inc.

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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