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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 30, 1999 Lorenzo Bancshares, Inc. TX Peoples Bancorp, Inc.
Aug 28, 1999 Matewan Bancshares, Inc. WV Truist Financial Corporation
Aug 28, 1999 American Pacific State Bank CA City National Bank
Aug 28, 1999 UMB Bank Southwest MO UMB Bank, N.A.
Aug 28, 1999 UMB Bank, North Central MO UMB Bank, N.A.
Aug 28, 1999 FirstBank, National Association SC South State Bank
Aug 28, 1999 (unnamed) — UMB Bank, N.A.
Aug 27, 1999 Henrietta Delaware Financial Corporation MN Henrietta Bancshares, Inc.
Aug 27, 1999 1st Floyd Bankshares, Inc. GA United Community Banks, Inc.
Aug 27, 1999 The Bank of Sussex and Surry VA United Community Bank
Aug 27, 1999 Perry County Holding Company TN FB Financial Corporation
Aug 27, 1999 Duncanville National Bank TX First State Bank of Texas
Aug 27, 1999 Victoria Bankshares, Inc. MN Victoria Financial Services, Inc.
Aug 27, 1999 First State Bank TN FirstBank
Aug 27, 1999 State Bank of Farina IL Midland States Bank
Aug 27, 1999 Canton Bancshares, Inc. MN Farmers National Bancorp, Inc.
Aug 27, 1999 First American Bank, National Association TX Guaranty Bank & Trust, N.A.
Aug 27, 1999 Fidelity Bancshares, Inc. MN Fidelity Bancorporation, Inc.
Aug 26, 1999 Arizona Bank AZ BBVA USA
Aug 26, 1999 PierBank RI The Washington Trust Company, of Westerly
Aug 24, 1999 Liberty Hill Baptist Church Credit Union, Inc. OH Antioch Baptist Church Credit Union, Inc.
Aug 23, 1999 Bank of Matteson IL Bank of Homewood, National Association
Aug 23, 1999 Custer County State Bank OK Oklahoma Bank and Trust Company
Aug 20, 1999 Elcho Bancorporation, Inc. WI The Bancorp, Inc.
Aug 20, 1999 First Bank of Frederick MD FCNB Bank
Aug 20, 1999 Key Trust Company PA Keystone Financial Bank, National Association
Aug 20, 1999 Financial Trust Services Company PA Keystone Financial Bank, National Association
Aug 20, 1999 First Frederick Financial Corporation MD FCNB Corp.
Aug 19, 1999 Citizens National Bank AL CharterBank
Aug 19, 1999 Graphic Controls Federal Credit Union NY Crossroads Community Federal Credit Union
Aug 19, 1999 St. Albans Va Federal Credit Union NY People's Alliance Federal Credit Union
Aug 18, 1999 The First National Bank of Spangler PA CNB Bank
Aug 15, 1999 Firstar Bank Burlington, N.A. IA U.S. Bank N.A.
Aug 14, 1999 Northern Illinois Water Corporation Employees Credit Union IL Champaign Municipal Employees Credit Union
Aug 14, 1999 (unnamed) — U.S. Bank N.A.
Aug 14, 1999 Firstar Bank of Minnesota, National Association MN U.S. Bank N.A.
Aug 14, 1999 Union Planters Bank of Kentucky, National Association KY Union Planters Bank, National Association
Aug 13, 1999 First of Groves Corporation TX Wachovia of Alabama, Inc.
Aug 13, 1999 First Bank and Trust TX SouthTrust Bank
Aug 13, 1999 City National Bank of Pittsburg KS Commerce Bank
Aug 11, 1999 Escambia Educators Federal Credit Union AL Penair Credit Union
Aug 10, 1999 The First National Bank of Jefferson TX The First National Bank of Hughes Springs
Aug 9, 1999 East Bridgewater Co-operative Bank MA Coastal Heritage Bank
Aug 7, 1999 The Bank of Telluride CO WestStar Bank
Aug 7, 1999 The Strongsville Savings Bank OH Fifth Third Bank, Northwestern Ohio, National Association
Aug 7, 1999 Western Colorado Bank CO WestStar Bank
Aug 7, 1999 First Western Bank, National Association PA Sky Bank
Aug 6, 1999 Continental National Bank TX State National Bank
Aug 6, 1999 Security State Bank Shares MT First Interstate Bancsystem, Inc.
Aug 6, 1999 Wingo, Ltd. IA Gibson Investment Company

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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