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Calendar Year

2003 in US Banking

523 bank events on record in 2003 — 3 failures, 500 mergers or acquisitions, and 20 regulatory enforcement actions.

3
Failures
$947,317,000 in failed assets
500
Mergers
NIC transformations
20
Enforcement
OCC / FDIC / FRB / OTS

Failures in 2003

DateBankHQAssetsAcquirer
2003-11-14PULASKI SAVINGS BANKPHILADELPHIA, PA$8,487,000EARTHSTAR BANK
2003-05-09THE FIRST NATIONAL BANK OF BLANCHARDVILLEBLANCHARDVILLE, WI$34,536,000THE PARK BANK
2003-02-07SOUTHERN PACIFIC BANKTORRANCE, CA$904,294,000BEAL BANK S.S.B.

Mergers & Acquisitions in 2003 (top 500 of 500)

DateAcquiredStAcquirer
2003-12-31CSI HOLDINGS, INC.NCBANA RESIDUALS, INC.
2003-12-31BIRCH FUNDING, INC.TXWENDOVER LANE LLC
2003-12-31RHODES AGENCY, INC.NJWELLS FARGO INSURANCE SERVICES USA, INC.
2003-12-31SIDEWINDER FUNDING II, INC.TXWENDOVER LANE II, INC.
2003-12-31BNY CLEARING SERVICES LLCWIPERSHING LLC
2003-12-31SEABROOK OPERATIONS, INC.GABANA RESIDUALS, INC.
2003-12-31The Fifth Third Bank of Northern Kentucky, Inc.KYFifth Third Bank
2003-12-31The Broadway National Bank of ChelseaMABoston Federal Savings Bank
2003-12-31CORN BELT BANCORPORATIONIAFIRST FONTANELLE BANCORPORATION
2003-12-31CITICORP CREDIT SERVICES, INC. (MARYLAND)MDCITICORP CREDIT SERVICES, INC. (USA)
2003-12-31FIDELITY ACCEPTANCE HOLDING, INC.IAWELLS FARGO FINANCIAL, LLC
2003-12-31COVEST BANCSHARES, INC.ILFIRST MIDWEST BANCORP, INC.
2003-12-31MNC AMERICAN CORPORATIONALMNC AFFILIATES GROUP, INC.
2003-12-31Jacksonville Savings Bank, SSBTXFRANKLIN BANK, S.S.B.
2003-12-31ASSOCIATES WORLD CAPITAL CORPORATIONTXASSOCIATES INTERNATIONAL HOLDINGS CORPORATION
2003-12-31ASP FUNDING II, INC.TXFALLON LANE II, INC.
2003-12-31TCF WISCONSIN REAL ESTATE INVESTMENTS, INC.MNTCF ILLINOIS REALTY INVESTMENTS, LLC
2003-12-31BLOCK CAPITAL MANAGEMENTMEBAR HARBOR TRUST SERVICES
2003-12-31SEAVIEW OF SEABROOK, INC.GABANA RESIDUALS, INC.
2003-12-31LUBBOCK FUNDING, INC. IITXWENDOVER LANE II, INC.
2003-12-31BNH REALTY HOLDINGS, INC.NHAPEX, INC.
2003-12-31ASP FUNDING, INC.TXFALLON LANE LLC
2003-12-31HUNTINGTON INSURANCE AGENCY, INC.MIHUNTINGTON LIFE INSURANCE AGENCY, INC.
2003-12-31MN WORLD TRADE CORPORATIONMDEXPORT FUNDING CORPORATION
2003-12-31GALVESTON FUNDING, INC. IITXALAMO FUNDING II, INC.
2003-12-31BARNETT BANK PREMISES COMPANY-BRICKELLFLBANA RESIDUALS, INC.
2003-12-31WINNEBAGO ACCEPTANCE CORPORATIONGABANK OF AMERICA, NATIONAL ASSOCIATION
2003-12-31BIRCH FUNDING II, INC.TXWENDOVER LANE II, INC.
2003-12-31PYTHON PARTNERSTXPOPLAR PARTNERS I
2003-12-31BARNETT SOUTHSIDE LAND, INC.NCBAC NUBAFA, INC.
2003-12-31SPAA LEASING CORPORATIONCABANA RESIDUALS, INC.
2003-12-31ESSEX HOLDINGS, INC.MAAPEX, INC.
2003-12-31MINVAL, INC.MNMINNWEST INVESTMENT AND INSURANCE CENTER, INC.
2003-12-31BANC OF AMERICA SPECIALITY FINANCE, INC.GABANK OF AMERICA, NATIONAL ASSOCIATION
2003-12-31MINNESOTA CORPORATE FEDERAL CREDIT UNIONMNMEMBERS UNITED CORPORATE FEDERAL CREDIT UNION
2003-12-31LEE COUNTY HOLDINGS COMPANYFLBANA RESIDUALS, INC.
2003-12-31KAWA CREDIT UNION, INC.KYK I T FEDERAL CREDIT UNION
2003-12-31Fifth Third Bank, FloridaFLFifth Third Bank
2003-12-31MORTGAGE EXPRESS CORPORATIONKYCitizens Commerce Bank
2003-12-31LUBBOCK FUNDING, INC.TXWENDOVER LANE LLC
2003-12-31MADDOX CORPORATION, THEGAFIRST STATE BANCSHARES OF BLAKELY, INC.
2003-12-31C&S PREMISES, INC.GANB HOLDINGS CORPORATION
2003-12-31SOLDOVERI AGENCYNJWELLS FARGO INSURANCE SERVICES USA, INC.
2003-12-31CENTREX CAPITAL CORP.FLBANC OF AMERICA AUTO FINANCE CORP.
2003-12-31SYCAMORE FUNDING II, INC.TXFALLON LANE II, INC.
2003-12-31HUNTINGTON INSURANCE AGENCY, INC.KYHUNTINGTON LIFE INSURANCE AGENCY, INC.
2003-12-31FIFTH THIRD INVESTMENT ADVISORS, INC.INFIFTH THIRD FINANCIAL CORPORATION
2003-12-31UBS GLOBAL ASSET MANAGEMENT (NEW YORK) INC.NYUBS ASSET MANAGEMENT (AMERICAS) LLC
2003-12-31SYCAMORE FUNDING, INC.TXFALLON LANE LLC
2003-12-31FIRST NATIONAL TRUST COMPANYPAFIRST NATIONAL BANK OF PENNSYLVANIA
2003-12-31BANC OF AMERICA BUSINESS FINANCE CORPORATIONGABANC OF AMERICA COMMERCIAL, LLC
2003-12-31BETHANY BAPTIST CHURCH CREDIT UNIONOHANTIOCH BAPTIST CHURCH CREDIT UNION, INC.
2003-12-31Fifth Third Bank, Kentucky, Inc.KYFifth Third Bank
2003-12-31Fifth Third Bank, IndianaMIFifth Third Bank
2003-12-31COMMERCESOUTH, INC.ALBANCTRUST FINANCIAL GROUP, INC.
2003-12-31LYNDHURST PROPERTIES CORP.FLBANC OF AMERICA AUTO FINANCE CORP.
2003-12-31NORTHWESTERN UNIVERSITY EMPLOYEES CREDIT UNIONILFIRST NORTHERN CREDIT UNION
2003-12-31GALVESTON FUNDING, INC.TXALAMO FUNDING LLC
2003-12-31WACHOVIA AUTO LEASING COMPANYGAWACHOVIA FINANCIAL SERVICES, INC.
2003-12-31BW HOLDINGS, INC.COBANKVEST, INC.
2003-12-31TRI-COUNTY POSTAL FEDERAL CREDIT UNIONILNUMARK CREDIT UNION
2003-12-31CHASE FEDERAL HOUSING CORPORATIONMDBANA RESIDUALS, INC.
2003-12-31STATEWIDE ADMINISTRATIVE SERVICES, INC.GABANA RESIDUALS, INC.
2003-12-31Providian BankUTProvidian National Bank
2003-12-31SEA RAY CREDIT CORPORATIONGABANK OF AMERICA, NATIONAL ASSOCIATION
2003-12-31MOHAVE PARTNERSTXPOPLAR PARTNERS I
2003-12-31SOUTH CHARLES REALTY CORPMDBANA RESIDUALS, INC.
2003-12-31FLEETWOOD CREDIT CORP.GABANK OF AMERICA, NATIONAL ASSOCIATION
2003-12-31GREATER NEW LIGHT BAPTIST CREDIT UNION, INC.OHTRUPARTNER CREDIT UNION, INC.
2003-12-31SIDEWINDER FUNDING, INC.TXWENDOVER LANE LLC
2003-12-30ASSOCIATES WORLD CREDIT CORPORATIONTXASSOCIATES WORLD CAPITAL CORPORATION
2003-12-30U.S. BANCORP INVESTMENTS, INC.MNU.S. BANCORP INVESTMENTS, INC.
2003-12-29BSA COMERCIAL IMPORTACAO E EXPORTACAO S.A.BOSTON COMERCIAL E PARTICIPACOES LTDA.
2003-12-29WORTHINGTON BANCORPORATIONIAState Bank
2003-12-26HILL THOMPSON MAGID LPNJHILL, THOMPSON, MAGID & CO., INC.
2003-12-24The Lenox Savings BankOHFoundation Bank
2003-12-23TA INVESTMENTS INC.MAHILL, THOMPSON, MAGID & CO., INC.
2003-12-23SOUTH TEXAS CAPITAL GROUP, INC.TXSTERLING BANCORPORATION, LLC
2003-12-20WESTVILLE COMMUNITY FEDERAL CREDIT UNIONILLANDMARK CREDIT UNION
2003-12-20The First National Bank of O'DonnellTXSTATE NATIONAL BANK OF BIG SPRING, THE
2003-12-19NATHAN & LEWIS ASSOCIATES OF NEVADA, INC.NYNATHAN & LEWIS ASSOCIATES, INC.
2003-12-18MT. MITCHELL HOLDINGS, LLCNCBAC NUBAFA, INC.
2003-12-18MT. MITCHELL CAPITAL FUNDING, LLCNYBAC NUBAFA, INC.
2003-12-18MT. MITCHELL HOLDINGS, INC.NYBAC NUBAFA, INC.
2003-12-18NVF COMPANY EMPLOYEES FEDERAL CREDIT UNIONDELOUVIERS FEDERAL CREDIT UNION
2003-12-17CITIZENS INVESTMENT, INC.,MACITIZENS VENTURES, INCORPORATED
2003-12-17WORLD FEDERAL CREDIT UNIONGAGEORGIA UNITED CREDIT UNION
2003-12-15FIRST MUSTANG CORPORATIONOKALL AMERICA BANK
2003-12-15PORTFOLIO MANAGERS GROUP I, INCNVPORTFOLIO MANGERS GROUP II, INC
2003-12-15FIELD REAL ESTATE COMPANYCOFIRST SYSTEM SERVICES, INC.
2003-12-15HOUDE EMPL FEDERAL CREDIT UNIONNYSCOTT A. T. O. FEDERAL CREDIT UNION
2003-12-15HomeTowne Heritage BankPANATIONAL PENN BANK
2003-12-15ARTESIA NORTH AMERICA INC.DEDEXIA DELAWARE LLC
2003-12-13Great Lakes BankOHSKY BANK
2003-12-13Windsor Locks Community Bank, FSLCTEnfield Federal Savings and Loan Association
2003-12-13AUBURN COMMUNITY BANCORPCAWESTERN SIERRA BANCORP
2003-12-12Security Bank National AssociationTXCitibank Texas, National Association
2003-12-12F & H REALTY CORPORATIONMOTARQUAD CORPORATION
2003-12-11ANRELCO, INC.ILFNBC PROPERTIES, INC.
2003-12-10First State Bank of North TexasTXPROSPERITY BANK

Enforcement Actions in 2003

DateAgencyInstitutionAction
2003-12-01OCC_OTS(individual)Orders of Removal/Prohibition: Jess D. Wehri
2003-11-13OCC_OTSF.S.B., INC.Termination of Cease and Desist: Daniel K. Dowling
2003-11-13OCC_OTSLIFE FINANCIAL CORPORATIONCease and Desist: Robert K. Riley
2003-10-23OCC_OTSABACUS FEDERAL SAVINGS BANKCivil Money Penalty: Abacus Federal Savings Bank
2003-10-23OCC_OTSABACUS FEDERAL SAVINGS BANKCease and Desist: Abacus Federal Savings Bank
2003-09-16OCC_OTSGENOA FINANCIAL, INC.Orders of Removal/Prohibition: Thomas R. Everett
2003-08-15OCC_OTSFIRST FEDERAL SAVINGS AND LOAN ASSOCIATIONOrders of Removal/Prohibition: Roger A. Morr
2003-07-30OCC_OTSLIFE FINANCIAL CORPORATIONCease and Desist: W. Todd Peterson
2003-06-05OCC_OTSGENOA FINANCIAL, INC.Supervisory Agreement: The Genoa Savings and Loan Company
2003-06-02OCC_OTSFIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF SOUTH PASADENACivil Money Penalty: Charles R. Vawter, Jr.
2003-06-02OCC_OTSFIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF SOUTH PASADENAOrders of Removal/Prohibition: Charles R. Vawter, Jr.
2003-05-16OCC_OTS(individual)Supervisory Agreement: Sobieski Bank
2003-04-29OCC_OTSPROGRESSIVE OZARK BANKOrders of Removal/Prohibition: Dennis Plank
2003-04-29OCC_OTS(individual)Cease and Desist: Susan Hoffmann
2003-04-04OCC_OTSUNITED BANK AND TRUST COMPANYCease and Desist: John D. Van Winkle
2003-02-28OCC_OTS(individual)Orders of Removal/Prohibition: Lorraine Wick
2003-02-24OCC_OTSFIRST HEIGHTS BANK, FSBSupervisory Agreement: First Heights Bank, a FSB
2003-02-13OCC_OTSTECHE BANCSHARES, INC.Orders of Removal/Prohibition: Daun T. Barras
2003-01-31OCC_OTSMETROPOLITAN BANCORP, INC.Orders of Removal/Prohibition: Robert M. Kaye
2003-01-31OCC_OTSMETROPOLITAN BANCORP, INC.Cease and Desist: Robert M. Kaye

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