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 |
|---|---|---|---|
| Feb 4, 1999 | OCC_OTS | The Cincinnatus Savings and Loan Company | Supervisory Agreement: The Cincinnatus Savings and Loan Company |
| Feb 4, 1999 | OCC_OTS | The Cincinnatus Savings and Loan Company | Supervisory Agreement: Cincinnatus Savings and Loan Company |
| Feb 4, 1999 | OCC_OTS | (individual) | Cease and Desist: Neil Notkin |
| Feb 3, 1999 | OCC_OTS | United Fidelity Bank, FSB | Supervisory Agreement: United Fidelity Bank, fsb |
| Feb 2, 1999 | OCC_OTS | Corning Savings and Loan Association | Cease and Desist: Corning S&LA |
| Jan 29, 1999 | OCC | Home National Bank | Formal Agreement: Home National Bank |
| Jan 28, 1999 | FRB | Farmers and Merchants Bank of Long Beach | Civil Money Penalty $12,500: Kenneth G. Walker |
| Jan 28, 1999 | OCC | Citizens National Bank | Formal Agreement: Citizens National Bank |
| Jan 28, 1999 | FRB | Premier Data Corporation | Written Agreement: First Utah Bancorporation, Salt Lake City, UT, First Utah Bank, Salt Lake … |
| Jan 28, 1999 | FRB | Farmers and Merchants Bank of Long Beach | Civil Money Penalty $12,500: Daniel K. Walker |
| Jan 26, 1999 | OCC_OTS | Oak Tree Federal Savings Bank | Cease and Desist: Michael Paul Kirschner |
| Jan 26, 1999 | FRB | Zia New Mexico Bank | Prompt Corrective Action: Zia New Mexico Bank, Tucumcari, NM |
| Jan 22, 1999 | OCC_OTS | Hopkins Bancorp, Inc. | Civil Money Penalty: Alvin M. Lapidus |
| Jan 21, 1999 | FRB | Hanmi Bank | Prohibition from Banking: John H. Ahn |
| Jan 20, 1999 | OCC | Peoples National Bank of Commerce | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Peoples National Bank Of Commerce |
| Jan 19, 1999 | OCC | Peak National Bank | Formal Agreement: Peak National Bank |
| Jan 19, 1999 | OCC | Peoples National Bank of Commerce | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Peoples National Bank Of Commerce |
| Jan 14, 1999 | OCC | The Farmers National Bank of Rule, Texas | Formal Agreement: The Farmers National Bank of Rule, Texas |
| Jan 14, 1999 | OCC | The First National Bank of Fletcher | Formal Agreement: First National Bank Of Fletcher |
| Jan 13, 1999 | FRB | First National Summit Bankshares, Inc. | Prohibition from Banking: Bob L. Sellers |
| Jan 13, 1999 | FRB | First National Summit Bankshares, Inc. | Civil Money Penalty $100,000: Bob L. Sellers |
| Jan 12, 1999 | OCC | The State National Bank of Heavener | Formal Agreement: The State National Bank of Heavener |
| Jan 8, 1999 | OCC | First National Summit Bankshares, Inc. | Prohibition/Removal Orders: Sellers, Bob L. |
| Jan 7, 1999 | OCC_OTS | (individual) | Cease and Desist: Wilshire Acquisitions Corp. |
| Jan 7, 1999 | OCC_OTS | (individual) | Cease and Desist: Wilshire Credit Corp., an Affiliate of First Bank of Beverly Hills, … |
| Jan 7, 1999 | OCC_OTS | (individual) | Cease and Desist: Wilshire Financial Services Group, Inc. |
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