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 |
|---|---|---|
| Aug 30, 1999 | Lorenzo Bancshares, Inc. | Peoples Bancorp, Inc. |
| Aug 28, 1999 | Matewan Bancshares, Inc. | Truist Financial Corporation |
| Aug 28, 1999 | American Pacific State Bank | City National Bank |
| Aug 28, 1999 | UMB Bank Southwest | UMB Bank, N.A. |
| Aug 28, 1999 | UMB Bank, North Central | UMB Bank, N.A. |
| Aug 28, 1999 | FirstBank, National Association | South State Bank |
| Aug 28, 1999 | (unnamed) | UMB Bank, N.A. |
| Aug 27, 1999 | Henrietta Delaware Financial Corporation | Henrietta Bancshares, Inc. |
| Aug 27, 1999 | 1st Floyd Bankshares, Inc. | United Community Banks, Inc. |
| Aug 27, 1999 | The Bank of Sussex and Surry | United Community Bank |
| Aug 27, 1999 | Perry County Holding Company | FB Financial Corporation |
| Aug 27, 1999 | Duncanville National Bank | First State Bank of Texas |
| Aug 27, 1999 | Victoria Bankshares, Inc. | Victoria Financial Services, Inc. |
| Aug 27, 1999 | First State Bank | FirstBank |
| Aug 27, 1999 | State Bank of Farina | Midland States Bank |
| Aug 27, 1999 | Canton Bancshares, Inc. | Farmers National Bancorp, Inc. |
| Aug 27, 1999 | First American Bank, National Association | Guaranty Bank & Trust, N.A. |
| Aug 27, 1999 | Fidelity Bancshares, Inc. | Fidelity Bancorporation, Inc. |
| Aug 26, 1999 | Arizona Bank | BBVA USA |
| Aug 26, 1999 | PierBank | The Washington Trust Company, of Westerly |
| Aug 24, 1999 | Liberty Hill Baptist Church Credit Union, Inc. | Antioch Baptist Church Credit Union, Inc. |
| Aug 23, 1999 | Bank of Matteson | Bank of Homewood, National Association |
| Aug 23, 1999 | Custer County State Bank | Oklahoma Bank and Trust Company |
| Aug 20, 1999 | Elcho Bancorporation, Inc. | The Bancorp, Inc. |
| Aug 20, 1999 | First Bank of Frederick | FCNB Bank |
| Aug 20, 1999 | Key Trust Company | Keystone Financial Bank, National Association |
| Aug 20, 1999 | Financial Trust Services Company | Keystone Financial Bank, National Association |
| Aug 20, 1999 | First Frederick Financial Corporation | FCNB Corp. |
| Aug 19, 1999 | Citizens National Bank | CharterBank |
| Aug 19, 1999 | Graphic Controls Federal Credit Union | Crossroads Community Federal Credit Union |
| Aug 19, 1999 | St. Albans Va Federal Credit Union | People's Alliance Federal Credit Union |
| Aug 18, 1999 | The First National Bank of Spangler | CNB Bank |
| Aug 15, 1999 | Firstar Bank Burlington, N.A. | U.S. Bank N.A. |
| Aug 14, 1999 | Northern Illinois Water Corporation Employees Credit Union | Champaign Municipal Employees Credit Union |
| Aug 14, 1999 | (unnamed) | U.S. Bank N.A. |
| Aug 14, 1999 | Firstar Bank of Minnesota, National Association | U.S. Bank N.A. |
| Aug 14, 1999 | Union Planters Bank of Kentucky, National Association | Union Planters Bank, National Association |
| Aug 13, 1999 | First of Groves Corporation | Wachovia of Alabama, Inc. |
| Aug 13, 1999 | First Bank and Trust | SouthTrust Bank |
| Aug 13, 1999 | City National Bank of Pittsburg | Commerce Bank |
| Aug 11, 1999 | Escambia Educators Federal Credit Union | Penair Credit Union |
| Aug 10, 1999 | The First National Bank of Jefferson | The First National Bank of Hughes Springs |
| Aug 9, 1999 | East Bridgewater Co-operative Bank | Coastal Heritage Bank |
| Aug 7, 1999 | The Bank of Telluride | WestStar Bank |
| Aug 7, 1999 | The Strongsville Savings Bank | Fifth Third Bank, Northwestern Ohio, National Association |
| Aug 7, 1999 | Western Colorado Bank | WestStar Bank |
| Aug 7, 1999 | First Western Bank, National Association | Sky Bank |
| Aug 6, 1999 | Continental National Bank | State National Bank |
| Aug 6, 1999 | Security State Bank Shares | First Interstate Bancsystem, Inc. |
| Aug 6, 1999 | Wingo, Ltd. | Gibson Investment Company |
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 |
Browse adjacent years: 1998 · 2000
Or jump to a category: Failures · Mergers · Enforcement · Assistance