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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 1, 1999 Abcon Credit Union PA 3HILL Credit Union
Nov 1, 1999 Cemco Federal Credit Union TX Southwest Airlines Federal Credit Union
Nov 1, 1999 Rac Credit Union MO Vantage Credit Union
Oct 31, 1999 Horizon Bancshares, Inc. FL Synovus Financial Corp.
Oct 31, 1999 Morton International Employees Credit Union IL Dow Northeast Employees Federal Credit Union
Oct 31, 1999 Horizon Bank of Florida FL Coastal Bank and Trust of Florida
Oct 31, 1999 Ready Bank of Walton Florida FL Vanguard Bank & Trust Company
Oct 31, 1999 North Baton Rouge Federal Credit Union LA East Baton Rouge Teachers Federal Credit Union
Oct 31, 1999 The First National Bank of Aitkin MN Bremer Bank, National Association
Oct 31, 1999 Ready Bank of Fort Walton Beach Holding Company, Inc. FL Synovus Financial Corp.
Oct 30, 1999 New London Trust, FSB NH Lake Sunapee Bank, FSB
Oct 30, 1999 CNB Bancshares, Inc. IN Fifth Third Bancorp
Oct 30, 1999 Wirtz Employees Federal Credit Union MI Flagship Community Federal Credit Union
Oct 28, 1999 Heli-Coil Employees Credit Union CT Mutual Security Credit Union, Inc.
Oct 28, 1999 F&M Trust Company WI F & M Bank
Oct 23, 1999 Commercial Bank at Alma AR The City National Bank of Fort Smith
Oct 23, 1999 The First State Bank of Leoti KS Western State Bank
Oct 23, 1999 (unnamed) — Firstar Bank Missouri, National Association
Oct 22, 1999 Houston Commerce Bank TX Sterling Bank
Oct 21, 1999 Hartland Bank, National Association TX BBVA USA
Oct 20, 1999 Star Markets Federal Credit Union HI Hawaiian Financial Federal Credit Union
Oct 16, 1999 Pioneer Bancorporation NV Zions Bancorporation
Oct 16, 1999 Bay Commercial Services CA Greater Bay Bancorp
Oct 16, 1999 Pioneer Citizens Bank of Nevada NV Nevada State Bank
Oct 16, 1999 Firstar Bank Milwaukee, National Association WI U.S. Bank N.A.
Oct 16, 1999 Guthrie Federal Savings Bank OK Local Oklahoma Bank
Oct 16, 1999 Firstar Equipment Finance Corporation MN U.S. Bank N.A.
Oct 16, 1999 The First National Bank and Trust Company of Muskogee OK BOKF, N.A.
Oct 15, 1999 Firstar Bank Wausau, National Association WI U.S. Bank N.A.
Oct 15, 1999 The Follett National Bank TX First State Bank of Canadian, National Association
Oct 15, 1999 North Santiam Federal Credit Union OR NW Preferred Federal Credit Union
Oct 13, 1999 Macon Building and Loan Association, F.A. MO Citizens Bank and Trust Company
Oct 13, 1999 (unnamed) — Conestoga Bank
Oct 12, 1999 Waverly Bank MO Pinnacle Bank
Oct 12, 1999 Austin Bancshares, Inc. MO Pinnacle Bancorp, Inc.
Oct 11, 1999 Princeton Bank MN Bremer Bank, National Association
Oct 11, 1999 Kislak Financial Corporation FL Kislak Financial Corporation
Oct 11, 1999 The First State Bank of Eden Prairie MN Bremer Bank, National Association
Oct 10, 1999 Donovan Data Employees Federal Credit Union NY American Broadcast Employees Federal Credit Union
Oct 9, 1999 The Saluda County Bank SC The Anchor Bank
Oct 9, 1999 Community Bank St. Peter MN Flagship Bank Minnesota
Oct 9, 1999 Feather Flex Federal Credit Union MA Saint Anthony of New Bedford Federal Credit Union
Oct 9, 1999 M. S. Bailey & Son, Bankers SC The Anchor Bank
Oct 8, 1999 Regency Bank CA California Bank & Trust
Oct 8, 1999 Security Bank & Trust Co. IN Old National Bank
Oct 8, 1999 The City National Bank of Fulton KY Old National Bank
Oct 8, 1999 Regions Bank, National Association FL Regions Bank
Oct 8, 1999 Farmers Bank and Trust Company of Madisonville KY Old National Bank
Oct 8, 1999 Morganfield National Bank KY Old National Bank
Oct 8, 1999 St. James Bank & Trust Company LA Regions Bank

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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