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 6, 1999 | Sierra Bank | State National Bank |
| Aug 5, 1999 | Citizens Bank of Missouri | BC National Banks |
| Aug 3, 1999 | Delta Bancshares, Inc. | Delta Bancshares of Louisiana, Inc. |
| Aug 3, 1999 | First Financial Corporation | National Commerce Financial Corporation |
| Aug 2, 1999 | Arw Federal Credit Union | Southwest Financial Federal Credit Union |
| Aug 2, 1999 | American States Employees Federal Credit Union | Indiana Members Credit Union |
| Aug 1, 1999 | Nope Federal Credit Union | Navy Federal Credit Union |
| Aug 1, 1999 | Carpenters 1498 Federal Credit Union | Pacific Horizon Credit Union |
| Aug 1, 1999 | Broad National Bank | Independence Community Bank |
| Aug 1, 1999 | FSC Federal Credit Union | Premierone Credit Union |
| Aug 1, 1999 | Sunshine Employees Federal Credit Union | Raritan Bay Federal Credit Union |
| Aug 1, 1999 | York Tracktown Employees Credit Union | First Capital Federal Credit Union |
| Aug 1, 1999 | Memphis Buckeye Federal Credit Union | Southern Security Federal Credit Union |
| Aug 1, 1999 | New Jersey-Metro Federal Credit Union | North Jersey Federal Credit Union |
| Aug 1, 1999 | Stroh Brewery Federal Credit Union | Truliant Federal Credit Union |
| Aug 1, 1999 | Broad National Bancorporation | Independence Community Bank Corp |
| Aug 1, 1999 | Prime Bancorp, Inc. | First Valley Corporation |
| Jul 31, 1999 | Paysaver Credit Union | Credit Union 1 |
| Jul 31, 1999 | Firstbancorporation, Inc. | SouthState Bank Corporation |
| Jul 31, 1999 | San Francisco Postal Credit Union | F3 Credit Union |
| Jul 31, 1999 | FirstBank of the Midlands, National Association | FirstBank, National Association |
| Jul 31, 1999 | Mannor Slacks Federal Credit Union | All in Federal Credit Union |
| Jul 31, 1999 | UMB Bank, Northwest | UMB Bank, N.A. |
| Jul 31, 1999 | Chevron Employees Federal Credit Union | Chevron Federal Credit Union |
| Jul 30, 1999 | Navigation Bank | SouthTrust Bank |
| Jul 30, 1999 | Delaware First Bank, F.S.B. | R-G Crown Bank |
| Jul 30, 1999 | Resolute Savings & Loan Association | Chelten Hills Savings Bank |
| Jul 27, 1999 | Dewey County Bancorporation, Inc. | Consolidated Equity Corporation |
| Jul 27, 1999 | Dewey County State Bank | First American Bank |
| Jul 23, 1999 | American Security Bank of Ville Platte | Whitney Bank |
| Jul 23, 1999 | (unnamed) | Bank of America, N.A. |
| Jul 23, 1999 | Delmarva Fife Federal Credit Union | Tidemark Federal Credit Union |
| Jul 22, 1999 | The First National Bank of Carthage | Farmers State Bank |
| Jul 17, 1999 | Commerce Bank Corporation | Truist Bank |
| Jul 17, 1999 | First Virginia Bank - Commonwealth | First Virginia Bank - Hampton Roads |
| Jul 17, 1999 | Republic National Bank of Miami | Union Planters Bank, National Association |
| Jul 17, 1999 | Tysons National Bank | Branch Banking and Trust Company of Virginia |
| Jul 17, 1999 | Home Savings Bank of Siler City, SSB | Capital Bank |
| Jul 17, 1999 | Bank of Indianola | Adams Bank & Trust |
| Jul 17, 1999 | (unnamed) | Wachovia Bank, N.A. |
| Jul 17, 1999 | First Federal Bank | Sky Bank-Mid AM Region |
| Jul 17, 1999 | The First National Bank of Clifton Forge | Branch Banking and Trust Company of Virginia |
| Jul 17, 1999 | First Community Bank of Saltville | Branch Banking and Trust Company of Virginia |
| Jul 17, 1999 | Bank of Carroll | Branch Banking and Trust Company of Virginia |
| Jul 17, 1999 | Bank of Ferrum | Branch Banking and Trust Company of Virginia |
| Jul 17, 1999 | Alvin State Bank | Union Planters Bank, National Association |
| Jul 17, 1999 | (unnamed) | Branch Banking and Trust Company of Virginia |
| Jul 17, 1999 | Piedmont Trust Bank | Branch Banking and Trust Company of Virginia |
| Jul 17, 1999 | Indianola Agency, Inc. | Adbanc, Inc. |
| Jul 17, 1999 | The First Bank of Stuart | Branch Banking and Trust Company of Virginia |
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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