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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
Oct 1, 1999 The Harlingen National Bank TX Texas State Bank
Oct 1, 1999 AMCORE Bank, Montello WI AMCORE Bank, N.A.
Oct 1, 1999 Duluth Medical Services Credit Union MN Share Advantage Credit Union
Oct 1, 1999 Fedco Employees Federal Credit Union CA Credit Union of Southern California, a Federal Credit Union
Oct 1, 1999 The Commercial National Bank of Beeville TX Prosperity Bank
Oct 1, 1999 Bank of Dallas City IL Connection Bank
Oct 1, 1999 AMCORE Bank, Central Wisconsin WI AMCORE Bank, N.A.
Oct 1, 1999 Gorgas Savings Association PA Port Richmond Savings
Oct 1, 1999 Alpine Savings Bank IL FCB Banks
Oct 1, 1999 Amcore Bank, Clinton WI AMCORE Bank, N.A.
Oct 1, 1999 Twinbrook Federal Credit Union MA First Technology Federal Credit Union
Oct 1, 1999 The First Bank of Marietta OH First Bank of Ohio
Oct 1, 1999 Char-Meck Credit Union NC Carolina Cooperative Federal Credit Union
Oct 1, 1999 FBW Federal Credit Union CO Canvas Credit Union
Oct 1, 1999 Systex Credit Union TX Openland Credit Union
Sep 30, 1999 First Hogansville Bankshares, Inc. GA Flag Financial Corporation
Sep 30, 1999 Merit Holding Corporation GA Synovus Financial Corp.
Sep 30, 1999 Osage Valley Credit Union KS Midwest Regional Credit Union
Sep 30, 1999 Local 1271 Credit Union IL Landmark Credit Union
Sep 30, 1999 Mahoning National Bancorp, Inc. OH SKY Financial Group, Inc.
Sep 30, 1999 Saint Marks Presbyterian Federal Credit Union OH Cory Methodist Church Credit Union, Inc.
Sep 30, 1999 Menninger Employees Credit Union KS Envista Federal Credit Union
Sep 30, 1999 State Bank of Edgerton MN Bremer Bank, N.A.
Sep 30, 1999 Area Catholic Credit Union IA Midwest Community Credit Union
Sep 30, 1999 Val Cor Bancorporation, Inc. CO Zions Bancorporation
Sep 29, 1999 Continental National Bancshares, Inc. TX BBVA USA Bancshares, Inc.
Sep 29, 1999 Valley Bancorp, Inc. TX BBVA USA Bancshares, Inc.
Sep 28, 1999 Southwestern Area Federal Credit Union NY Southern Chautauqua Federal Credit Union
Sep 27, 1999 Sterling Savings Bank IL First Bank of Oak Park
Sep 25, 1999 United Bank MA The Bank of Western Massachusetts
Sep 25, 1999 UMB Bank, Northeast MO UMB Bank, N.A.
Sep 25, 1999 UMB Bank of St. Louis, National Association MO UMB Bank, N.A.
Sep 25, 1999 UMB First State Bank of Morrisonville IL UMB Bank, N.A.
Sep 24, 1999 State Bank of Terry MT Stockman Bank of Montana
Sep 24, 1999 Dean Financial Services, Inc. MN Bremer Financial Corporation
Sep 23, 1999 Mid-Continent Financial Services, Inc. MN Dean Financial Services, Inc.
Sep 23, 1999 The First National Corporation of Aitkin, Inc. MN Dean Financial Services, Inc.
Sep 21, 1999 Legg Mason Trust Company MD Stifel Trust Company N.A.
Sep 20, 1999 Mercantile Bancorporation Inc. MO Firstar Corporation
Sep 18, 1999 First State Bank TX Wells Fargo Bank Texas, National Association
Sep 18, 1999 Bank of Easthampton, A Co-operative Bank MA Florence Bank
Sep 18, 1999 Prime Bank PA Summit Bank
Sep 18, 1999 First Bank & Trust TN National Bank of Commerce
Sep 17, 1999 First USA Financial, Inc. DE Bank One Corporation
Sep 17, 1999 First USA Bank, N.A. DE Bank One, Delaware, National Association
Sep 16, 1999 First Commerce Bancorp, Inc. UT Bank of Utah
Sep 16, 1999 Nubanc Corporation dba First Commerce Bank UT Bank of Utah
Sep 13, 1999 Chicago City Bank and Trust Company IL Park National Bank
Sep 13, 1999 First American Bank of Kankakee IL First American Bank
Sep 13, 1999 First American Bank IL First American Bank

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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