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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
Sep 13, 1999 (unnamed) — Advance Bank
Sep 13, 1999 Chicago City Bancorporation, Inc. IL Pullman Group, Inc.
Sep 11, 1999 First Community Bank of Vidalia GA First Liberty Bank
Sep 11, 1999 UMB Bank, Warrensburg MO UMB Bank, N.A.
Sep 11, 1999 UMB Bank, Jefferson City MO UMB Bank, N.A.
Sep 11, 1999 UMB Bank, Boonville MO UMB Bank, N.A.
Sep 11, 1999 Sweet Water State Bancshares, Inc. AL Banctrust Financial Group, Inc.
Sep 11, 1999 Eastern Heights Bank MN Wells Fargo Bank Minnesota, National Association
Sep 11, 1999 Super Savings Credit Union TN First South Financial Federal Credit Union
Sep 11, 1999 Firstar Bank Wisconsin WI U.S. Bank N.A.
Sep 11, 1999 Walthall Citizens Bank MS Citizens Bank
Sep 10, 1999 The Planters Bank AR Regions Bank
Sep 10, 1999 The Arkansas Bank AR Regions Bank
Sep 10, 1999 The Farmers and Merchants State Bank, Effingham, Kansas KS Exchange Bank & Trust
Sep 10, 1999 The Arkansas Bank AR Regions Bank
Sep 10, 1999 The Arkansas Bank National Association AR Regions Bank
Sep 10, 1999 Dubois County Bank IN Old National Bank
Sep 10, 1999 The Merchants National Bank of Terre Haute IN Old National Bank
Sep 4, 1999 Pinnacle Bank of the Quad Cities IL Fifth Third Bank
Sep 4, 1999 The Farmers National Bank of Rule, Texas TX Hamlin National Bank
Sep 4, 1999 Pinnacle Bank IL Fifth Third Bank
Sep 4, 1999 Schenectady Federal Savings Bank NY Hudson River Bank & Trust Company
Sep 3, 1999 Pinnacle Banc Group, Inc. IL Old Kent Financial Corporation
Sep 2, 1999 Capital Management, Inc. NE Flatwater Bank
Sep 2, 1999 Bank of Brady NE Flatwater Bank
Sep 1, 1999 FFBS Bancorp, Inc. MS Cadence Financial Corporation
Sep 1, 1999 The McDonald Trust Company OH Key Trust Company of Ohio, N.A.
Sep 1, 1999 F&M Bank-Iowa South Central IA F&M Bank-Iowa Central
Sep 1, 1999 Blue Grass Federal Credit Union KY Transcend Credit Union
Sep 1, 1999 Lourdes Employees Credit Union KY Signet Federal Credit Union
Sep 1, 1999 Spec Federal Credit Union SC Upstate Federal Credit Union
Sep 1, 1999 F&M Bank-Iowa Story County IA F&M Bank-Iowa Central
Sep 1, 1999 Emico Employees Federal Credit Union PA Widget Federal Credit Union
Sep 1, 1999 First Federal Bank for Savings MS (unnamed)
Sep 1, 1999 Security State Bank and Trust Company MT First Interstate Bank
Sep 1, 1999 City Commerce Bank CA Mid-State Bank & Trust
Sep 1, 1999 J M S Federal Credit Union NC Carolina Cooperative Federal Credit Union
Sep 1, 1999 North Fulton Bancshares, Inc. GA Premier Bancshares, Inc.
Aug 31, 1999 Riverside Acquisition Corp. MN Associated Banc-Corp
Aug 31, 1999 Community Bank, FSB AR Chambers Bank of North Arkansas
Aug 31, 1999 B & G Investment Company MN Victoria Financial Services, Inc.
Aug 31, 1999 Texas Bancorporation, Inc. MN Victoria Financial Services, Inc.
Aug 31, 1999 Henrietta Bancshares, Inc. MN Victoria Financial Services, Inc.
Aug 31, 1999 Franklin Bancshares, Inc. MN Fidelity Bancorporation, Inc.
Aug 31, 1999 Howmet Alloy Employees Credit Union NJ Members Connect Federal Credit Union
Aug 31, 1999 Texas National Bankshares, Inc. MN Victoria Financial Services, Inc.
Aug 31, 1999 Union Texas Bancorporation, Inc. MN Victoria Financial Services, Inc.
Aug 31, 1999 Olean Postal Credit Union NY Olean Teachers' and Postal Federal Credit Union
Aug 31, 1999 Benson Financial Corporation MN Victoria Financial Services, Inc.
Aug 31, 1999 Venture Partners, Inc. CA Western Bancorp

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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