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 |
|---|---|---|
| Oct 1, 1999 | The Harlingen National Bank | Texas State Bank |
| Oct 1, 1999 | AMCORE Bank, Montello | AMCORE Bank, N.A. |
| Oct 1, 1999 | Duluth Medical Services Credit Union | Share Advantage Credit Union |
| Oct 1, 1999 | Fedco Employees Federal Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Oct 1, 1999 | The Commercial National Bank of Beeville | Prosperity Bank |
| Oct 1, 1999 | Bank of Dallas City | Connection Bank |
| Oct 1, 1999 | AMCORE Bank, Central Wisconsin | AMCORE Bank, N.A. |
| Oct 1, 1999 | Gorgas Savings Association | Port Richmond Savings |
| Oct 1, 1999 | Alpine Savings Bank | FCB Banks |
| Oct 1, 1999 | Amcore Bank, Clinton | AMCORE Bank, N.A. |
| Oct 1, 1999 | Twinbrook Federal Credit Union | First Technology Federal Credit Union |
| Oct 1, 1999 | The First Bank of Marietta | First Bank of Ohio |
| Oct 1, 1999 | Char-Meck Credit Union | Carolina Cooperative Federal Credit Union |
| Oct 1, 1999 | FBW Federal Credit Union | Canvas Credit Union |
| Oct 1, 1999 | Systex Credit Union | Openland Credit Union |
| Sep 30, 1999 | First Hogansville Bankshares, Inc. | Flag Financial Corporation |
| Sep 30, 1999 | Merit Holding Corporation | Synovus Financial Corp. |
| Sep 30, 1999 | Osage Valley Credit Union | Midwest Regional Credit Union |
| Sep 30, 1999 | Local 1271 Credit Union | Landmark Credit Union |
| Sep 30, 1999 | Mahoning National Bancorp, Inc. | SKY Financial Group, Inc. |
| Sep 30, 1999 | Saint Marks Presbyterian Federal Credit Union | Cory Methodist Church Credit Union, Inc. |
| Sep 30, 1999 | Menninger Employees Credit Union | Envista Federal Credit Union |
| Sep 30, 1999 | State Bank of Edgerton | Bremer Bank, N.A. |
| Sep 30, 1999 | Area Catholic Credit Union | Midwest Community Credit Union |
| Sep 30, 1999 | Val Cor Bancorporation, Inc. | Zions Bancorporation |
| Sep 29, 1999 | Continental National Bancshares, Inc. | BBVA USA Bancshares, Inc. |
| Sep 29, 1999 | Valley Bancorp, Inc. | BBVA USA Bancshares, Inc. |
| Sep 28, 1999 | Southwestern Area Federal Credit Union | Southern Chautauqua Federal Credit Union |
| Sep 27, 1999 | Sterling Savings Bank | First Bank of Oak Park |
| Sep 25, 1999 | United Bank | The Bank of Western Massachusetts |
| Sep 25, 1999 | UMB Bank, Northeast | UMB Bank, N.A. |
| Sep 25, 1999 | UMB Bank of St. Louis, National Association | UMB Bank, N.A. |
| Sep 25, 1999 | UMB First State Bank of Morrisonville | UMB Bank, N.A. |
| Sep 24, 1999 | State Bank of Terry | Stockman Bank of Montana |
| Sep 24, 1999 | Dean Financial Services, Inc. | Bremer Financial Corporation |
| Sep 23, 1999 | Mid-Continent Financial Services, Inc. | Dean Financial Services, Inc. |
| Sep 23, 1999 | The First National Corporation of Aitkin, Inc. | Dean Financial Services, Inc. |
| Sep 21, 1999 | Legg Mason Trust Company | Stifel Trust Company N.A. |
| Sep 20, 1999 | Mercantile Bancorporation Inc. | Firstar Corporation |
| Sep 18, 1999 | First State Bank | Wells Fargo Bank Texas, National Association |
| Sep 18, 1999 | Bank of Easthampton, A Co-operative Bank | Florence Bank |
| Sep 18, 1999 | Prime Bank | Summit Bank |
| Sep 18, 1999 | First Bank & Trust | National Bank of Commerce |
| Sep 17, 1999 | First USA Financial, Inc. | Bank One Corporation |
| Sep 17, 1999 | First USA Bank, N.A. | Bank One, Delaware, National Association |
| Sep 16, 1999 | First Commerce Bancorp, Inc. | Bank of Utah |
| Sep 16, 1999 | Nubanc Corporation dba First Commerce Bank | Bank of Utah |
| Sep 13, 1999 | Chicago City Bank and Trust Company | Park National Bank |
| Sep 13, 1999 | First American Bank of Kankakee | First American Bank |
| Sep 13, 1999 | First American Bank | First American 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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