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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
Jul 17, 1999 MainStreet Bank Central Virginia VA Branch Banking and Trust Company of Virginia
Jul 17, 1999 Bank of Northern Virginia VA Branch Banking and Trust Company of Virginia
Jul 16, 1999 The Village Bank of Florida FL Regions Bank
Jul 16, 1999 The St. Mary Bank and Trust Company LA Regions Bank
Jul 16, 1999 Bank of Commerce CA U.S. Bank National Association
Jul 15, 1999 First Philson Bank, National Association PA Promistar Bank
Jul 15, 1999 High Point Financial Corp. NJ Lakeland Bancorp, Inc.
Jul 15, 1999 First Philson Financial Corporation PA Promistar Financial Corporation
Jul 14, 1999 Bankerstrust of Alabama, Inc. AL The Banc Corporation
Jul 14, 1999 Bankers Trust of Madison AL Superior Bank
Jul 13, 1999 United Liberty Federal Credit Union PA Viriva Community Credit Union
Jul 10, 1999 NBC Bank Corp. AR Simmons First National Corporation
Jul 10, 1999 Cypress Bank CA Community Bank of Central California
Jul 10, 1999 Community First Bank MI Fifth Third Bank
Jul 10, 1999 The First National Bank and Trust Company of Corbin KY Union Planters Bank, National Association
Jul 10, 1999 First Bank of East Tennessee, National Association TN Union Planters Bank, National Association
Jul 9, 1999 CFSB Bancorp, Inc. (Michigan) MI Old Kent Financial Corporation
Jul 8, 1999 The Columbus State Bank KS Commerce Bank
Jul 7, 1999 SunTrust Bank, Tallahassee, National Association FL SunTrust Bank, Northwest, Florida
Jul 6, 1999 Hessell - TPC Federal Credit Union OR Pacific NW Federal Credit Union
Jul 6, 1999 Apse Federal Credit Union LA Southern Teachers & Parents Federal Credit Union
Jul 3, 1999 The Blue Springs State Bank NE The First National Bank & Trust Company of Beatrice
Jul 3, 1999 1st Group, Inc. NE Homestead Financial Corporation
Jul 2, 1999 American Chapels Credit Union MA Tremont Credit Union
Jul 2, 1999 Damen National Bank IL MB Financial Bank, National Association
Jul 1, 1999 Denver Ban Corporation IA PSB Corporation
Jul 1, 1999 Statco Credit Union GA Southeast Federal Credit Union
Jul 1, 1999 Sierrawest Bancorp CA Bank of the West
Jul 1, 1999 Merchants of Shenandoah Ban-Corp PA Vist Financial Corp.
Jul 1, 1999 Springfield Investment Company MN Piesco, Inc.
Jul 1, 1999 Soldier Valley Financial Services, Inc. IA Dunlap Iowa Holding Co.
Jul 1, 1999 Citizens First National Bank FL Mercantile Bank
Jul 1, 1999 Enro Shirt Company Employees Credit Union KY L&N Federal Credit Union
Jul 1, 1999 Spreckels District 4 Credit Union CA United Local Credit Union
Jul 1, 1999 Dulico Federal Credit Union PA Financial Advantage Federal Credit Union
Jul 1, 1999 Skaneateles Bancorp, Inc. NY BSB Bancorp, Inc.
Jul 1, 1999 Saint Elizabeth Employees Federal Credit Union OH Universal 1 Credit Union, Inc.
Jul 1, 1999 Mac Cabees Home Office Federal Credit Union MI Genisys Credit Union dba Genisys Investment Services
Jul 1, 1999 Magic Valley Teachers Credit Union ID Idaho Central Credit Union
Jul 1, 1999 Merchants State Bank of North Branch MN The First National Bank of Hudson
Jul 1, 1999 Rayovac Credit Union WI Members First Credit Union
Jul 1, 1999 Cngoc Federal Credit Union OH East Ohio Gas Cleveland Operating Employees Federal Credit Union
Jul 1, 1999 Bridgport Brass Indianapolis Federal Credit Union IN Harvester Financial Credit Union
Jul 1, 1999 Madison Teachers Credit Union ID Frontier Credit Union
Jul 1, 1999 Canton Federal Savings and Loan Association NY The North Country Savings Bank
Jul 1, 1999 1st Security Bank of Laurel MT First Citizens Bank of Billings
Jul 1, 1999 Iowa Resources Employees Credit Union IA Midland Credit Union
Jul 1, 1999 Anheuser- Busch Newark Employees Federal Credit Union NJ Together Credit Union
Jul 1, 1999 Peoples Bank TN First American National Bank
Jul 1, 1999 Saint Pius X Parish Credit Union, Inc. OH Oc Federal Credit Union

The list holds 500 of the 1,063 mergers recorded for 1999.

Enforcement Actions in 1999

Action date Agency Institution Action
Dec 31, 1999 OCC Deposit Guaranty Corp. Prohibition/Removal Orders: Herrington, Donna K.
Dec 31, 1999 OCC SunTrust Bank, Central Florida, National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Rethwisch, Curtis
Dec 30, 1999 OCC (individual) Prohibition/Removal Orders: Pilon, Teresa A.
Dec 30, 1999 OCC Bank of America, N.A. Civil Money Penalty (CMP): Pilon, Teresa A.
Dec 29, 1999 OCC First National Insurance of Estes Park, Inc. Formal Agreement: First National Bank of Estes Park
Dec 21, 1999 OCC Peoples National Bank of Commerce Civil Money Penalty (CMP): Binger, Roy
Dec 21, 1999 OCC Valley National Bank Prohibition/Removal Orders: Polk, John C.
Dec 21, 1999 OCC Modern Bank, N.A. Prohibition/Removal Orders: Troncoso, Maria A.
Dec 17, 1999 OCC Wachovia Bank and Trust Company, N.A. Prohibition/Removal Orders: Jackson, Ivy
Dec 17, 1999 OCC Wachovia Bank and Trust Company, N.A. C&D or PC&D Requiring Restitution: Jackson, Ivy
Dec 13, 1999 OCC_OTS Middlesboro Federal Bank, FSB Supervisory Agreement: Middlesboro Federal Bank
Dec 9, 1999 OCC (individual) Prohibition/Removal Orders: Blakemore, Teresa L.
Dec 9, 1999 OCC (individual) C&D or PC&D Requiring Restitution: Blakemore, Teresa L.
Dec 9, 1999 OCC (individual) Prohibition/Removal Orders: Burton, Eric A.
Dec 2, 1999 OCC_OTS Horizon Federal Savings Bank Civil Money Penalty: Robert W. DeCook
Dec 2, 1999 OCC_OTS Horizon Federal Savings Bank Civil Money Penalty: Thomas L. Gillespie
Dec 2, 1999 OCC_OTS Horizon Federal Savings Bank Civil Money Penalty: Dwight L. Groves
Dec 2, 1999 OCC_OTS Horizon Federal Savings Bank Civil Money Penalty: Gary L. Rozenboom
Dec 2, 1999 OCC_OTS Horizon Federal Savings Bank Civil Money Penalty: Norman P. Zimmerman
Dec 1, 1999 OCC Patriot Bank, N.A. Prohibition/Removal Orders: Hawe, Kieran
Dec 1, 1999 OCC Patriot Bank, N.A. C&D or PC&D Requiring Restitution: Hawe, Kieran
Dec 1, 1999 OCC First National Bank of Newton Prohibition/Removal Orders: King, Elray
Dec 1, 1999 OCC First National Bank of Newton C&D or PC&D Requiring Restitution: King, Elray
Nov 30, 1999 FRB Arab American Bank Written Agreement: Arab American Bank, New York, NY
Nov 30, 1999 OCC Surety Bank, National Association Formal Agreement: Surety Bank, National Association
Nov 24, 1999 OCC East Texas National Bank of Marshall Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Ponder, Gene
Nov 24, 1999 OCC East Texas National Bank of Marshall Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): White, Gaylon
Nov 24, 1999 OCC East Texas National Bank of Marshall Civil Money Penalty (CMP): Cureton, Marvin
Nov 24, 1999 OCC East Texas National Bank of Marshall Civil Money Penalty (CMP): White, Gaylon
Nov 24, 1999 OCC East Texas National Bank of Marshall Civil Money Penalty (CMP): Smith, Gerald E. M.
Nov 24, 1999 OCC East Texas National Bank of Marshall Civil Money Penalty (CMP): Ponder, Gene
Nov 24, 1999 OCC East Texas National Bank of Marshall Civil Money Penalty (CMP): Mauthe, Geraldine
Nov 24, 1999 OCC East Texas National Bank of Marshall Civil Money Penalty (CMP): Jordan, James
Nov 24, 1999 OCC East Texas National Bank of Marshall Civil Money Penalty (CMP): Hurley, Frances
Nov 24, 1999 OCC East Texas National Bank of Marshall Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Smith, Gerald E. M.
Nov 24, 1999 OCC East Texas National Bank of Marshall Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Cureton, Marvin
Nov 24, 1999 OCC East Texas National Bank of Marshall Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Hurley, Frances
Nov 24, 1999 OCC East Texas National Bank of Marshall Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Jordan, James
Nov 24, 1999 OCC East Texas National Bank of Marshall Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Mauthe, Geraldine
Nov 23, 1999 OCC Wachovia Bank and Trust Company, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Robinson, Janie
Nov 22, 1999 OCC_OTS Oak Tree Federal Savings Bank Civil Money Penalty: Joe W. Walser, Jr.
Nov 22, 1999 OCC_OTS Carnegie Savings Bank Supervisory Agreement: Carnegie Savings Bnk
Nov 22, 1999 OCC_OTS Carnegie Savings Bank Supervisory Agreement: Carnegie Savings Bank
Nov 22, 1999 OCC_OTS Oak Tree Federal Savings Bank Cease and Desist: Joe W. Walser, Jr
Nov 18, 1999 FRB Foxdale Bank Written Agreement: Foxdale Bank, South Elgin, IL
Nov 18, 1999 OCC Bremer Trust, N.A. Formal Agreement: Bremer Bank, National Association
Nov 17, 1999 OCC Western American National Bank C&D or PC&D Requiring Restitution: Bransford, Tom N.
Nov 17, 1999 OCC Western American National Bank Prohibition/Removal Orders: Bransford, Tom N.
Nov 17, 1999 OCC Western American National Bank Civil Money Penalty (CMP): Wheeler, Richard O.
Nov 17, 1999 OCC Western American National Bank Civil Money Penalty (CMP): Bransford, Tom N.

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