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 |
|---|---|---|
| Sep 13, 1999 | (unnamed) | Advance Bank |
| Sep 13, 1999 | Chicago City Bancorporation, Inc. | Pullman Group, Inc. |
| Sep 11, 1999 | First Community Bank of Vidalia | First Liberty Bank |
| Sep 11, 1999 | UMB Bank, Warrensburg | UMB Bank, N.A. |
| Sep 11, 1999 | UMB Bank, Jefferson City | UMB Bank, N.A. |
| Sep 11, 1999 | UMB Bank, Boonville | UMB Bank, N.A. |
| Sep 11, 1999 | Sweet Water State Bancshares, Inc. | Banctrust Financial Group, Inc. |
| Sep 11, 1999 | Eastern Heights Bank | Wells Fargo Bank Minnesota, National Association |
| Sep 11, 1999 | Super Savings Credit Union | First South Financial Federal Credit Union |
| Sep 11, 1999 | Firstar Bank Wisconsin | U.S. Bank N.A. |
| Sep 11, 1999 | Walthall Citizens Bank | Citizens Bank |
| Sep 10, 1999 | The Planters Bank | Regions Bank |
| Sep 10, 1999 | The Arkansas Bank | Regions Bank |
| Sep 10, 1999 | The Farmers and Merchants State Bank, Effingham, Kansas | Exchange Bank & Trust |
| Sep 10, 1999 | The Arkansas Bank | Regions Bank |
| Sep 10, 1999 | The Arkansas Bank National Association | Regions Bank |
| Sep 10, 1999 | Dubois County Bank | Old National Bank |
| Sep 10, 1999 | The Merchants National Bank of Terre Haute | Old National Bank |
| Sep 4, 1999 | Pinnacle Bank of the Quad Cities | Fifth Third Bank |
| Sep 4, 1999 | The Farmers National Bank of Rule, Texas | Hamlin National Bank |
| Sep 4, 1999 | Pinnacle Bank | Fifth Third Bank |
| Sep 4, 1999 | Schenectady Federal Savings Bank | Hudson River Bank & Trust Company |
| Sep 3, 1999 | Pinnacle Banc Group, Inc. | Old Kent Financial Corporation |
| Sep 2, 1999 | Capital Management, Inc. | Flatwater Bank |
| Sep 2, 1999 | Bank of Brady | Flatwater Bank |
| Sep 1, 1999 | FFBS Bancorp, Inc. | Cadence Financial Corporation |
| Sep 1, 1999 | The McDonald Trust Company | Key Trust Company of Ohio, N.A. |
| Sep 1, 1999 | F&M Bank-Iowa South Central | F&M Bank-Iowa Central |
| Sep 1, 1999 | Blue Grass Federal Credit Union | Transcend Credit Union |
| Sep 1, 1999 | Lourdes Employees Credit Union | Signet Federal Credit Union |
| Sep 1, 1999 | Spec Federal Credit Union | Upstate Federal Credit Union |
| Sep 1, 1999 | F&M Bank-Iowa Story County | F&M Bank-Iowa Central |
| Sep 1, 1999 | Emico Employees Federal Credit Union | Widget Federal Credit Union |
| Sep 1, 1999 | First Federal Bank for Savings | (unnamed) |
| Sep 1, 1999 | Security State Bank and Trust Company | First Interstate Bank |
| Sep 1, 1999 | City Commerce Bank | Mid-State Bank & Trust |
| Sep 1, 1999 | J M S Federal Credit Union | Carolina Cooperative Federal Credit Union |
| Sep 1, 1999 | North Fulton Bancshares, Inc. | Premier Bancshares, Inc. |
| Aug 31, 1999 | Riverside Acquisition Corp. | Associated Banc-Corp |
| Aug 31, 1999 | Community Bank, FSB | Chambers Bank of North Arkansas |
| Aug 31, 1999 | B & G Investment Company | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Texas Bancorporation, Inc. | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Henrietta Bancshares, Inc. | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Franklin Bancshares, Inc. | Fidelity Bancorporation, Inc. |
| Aug 31, 1999 | Howmet Alloy Employees Credit Union | Members Connect Federal Credit Union |
| Aug 31, 1999 | Texas National Bankshares, Inc. | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Union Texas Bancorporation, Inc. | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Olean Postal Credit Union | Olean Teachers' and Postal Federal Credit Union |
| Aug 31, 1999 | Benson Financial Corporation | Victoria Financial Services, Inc. |
| Aug 31, 1999 | Venture Partners, Inc. | Western Bancorp |
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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