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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 HQ Assets Acquirer or resolution
Dec 10, 1999 Golden City Commercial Bank New York, NY $87.2M Cathay Bank
Nov 22, 1999 Pacific Thrift and Loan Co Woodland Hills, CA $127.3M Affinity Bank
Sep 10, 1999 Peoples NB of Commerce Miami, FL $36.8M Boston Bank of Commerce
Sep 1, 1999 First NB of Keystone Keystone, WV $1.12B Ameribank, Incorporated
Jul 9, 1999 East Texas NB of Marshall Marshall, TX $121.6M Fredonia State Bank
Jul 9, 1999 Oceanmark Bank, a FSB North Miami Beach, FL $69.0M Third FS&LA of Florida
Apr 23, 1999 Zia New Mexico Bank Tucumcari, NM $17.3M First National Bank of New
Mar 26, 1999 Victory State Bank Columbia, SC $13.2M South Carolina Community Ba

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

Browse adjacent years: 1998 · 2000

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