Skip to main content

Calendar Year

2003 in US Banking

1,018 bank events are on record for 2003: 3 failures, 751 mergers or acquisitions involving a bank, credit union or bank holding company, and 264 enforcement actions.

3
Failures
$947.3M in failed assets
751
Mergers
Federal Reserve NIC, banking organizations
264
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings

Jump to: Bank failures 2003 · Bank mergers 2003

How many banks failed in 2003?

3 banks failed in 2003, with $947.3M in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Nov 14, 2003 Pulaski Savings Bank Philadelphia, PA $8.5M Earthstar Bank
May 9, 2003 The First National Bank of Blanchardville Blanchardville, WI $34.5M The Park Bank
Feb 7, 2003 Southern Pacific Bank Torrance, CA $904.3M Beal Bank S.S.B.

Which banks merged in 2003?

751 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2003.

See the fuller list: Bank mergers 2003 with largest deals and credit union mergers ›

Date Acquired St Acquirer
May 21, 2003 Golden Sands Bankshares, Inc. WI Feb Bancshares, Inc.
May 20, 2003 Inland Container Employees Credit Union TN Happy Valley Credit Union
May 17, 2003 Citizens Savings Bank and Trust Company VT Union Bank
May 17, 2003 First County Bank PA Univest Bank and Trust Co.
May 17, 2003 Carolina Community Bank, National Association SC First Bank
May 16, 2003 South Holland Trust & Savings Bank IL MB Financial Bank, National Association
May 16, 2003 Montana First National Bancorporation MT First National Bancorp, Inc.
May 16, 2003 Metropolitan Bank and Trust Company OH SKY Bank
May 15, 2003 Bank One, Oklahoma, National Association OK Bank One, National Association
May 15, 2003 Bank One, Kentucky, National Association KY Bank One, National Association
May 14, 2003 First State Bank of Heyworth IL First State Bank of Bloomington
May 12, 2003 First National Bank MN Border Bank
May 9, 2003 Kentucky Bancshares, Inc. KY Peoples Bancorp Inc.
May 9, 2003 Kentucky Bank & Trust KY Peoples Bank
May 8, 2003 Southwest State Corporation OK Southwest State Bank
May 8, 2003 Wichita Bancshares, Inc. OK Bank of the Wichitas
May 6, 2003 Abrams Centre National Bank TX Prosperity Bank
May 5, 2003 Marion Federal Credit Union OH United Federal Credit Union
May 3, 2003 Community Financial Services, Inc. TN CBS BANC-CORP.
May 3, 2003 Baptist Medical Center Credit Union FL Alive Credit Union
May 3, 2003 Hancock County Bank & Trust IA Liberty Bank, F.S.B.
May 1, 2003 (unnamed) — Interaudi Bank
May 1, 2003 First Georgia Holding, Inc. GA United Community Banks, Inc.
May 1, 2003 Bridge View Bancorp NJ Interchange Financial Services Corporation
May 1, 2003 Bridge View Bank NJ Interchange Bank
May 1, 2003 Marked Tree Bancshares, Inc. AR Pocahontas Bancorp, Inc.
May 1, 2003 Allen Bancshares, Inc. OK Farmers State Bank, Allen, Oklahoma
May 1, 2003 Dal-Gold Federal Credit Union OR First Community Credit Union
May 1, 2003 Highland Lakes Bank TX Franklin Bank, S.S.B.
May 1, 2003 Franklin Media Credit Union CA Meriwest Credit Union
May 1, 2003 Marked Tree Bank AR Iberiabank FSB
May 1, 2003 First Commonwealth Bank VA The First Bank and Trust Company
May 1, 2003 Los Robles Federal Credit Union CA Ventura County Credit Union
May 1, 2003 Boone County Community Credit Union IA MEMBERS1ST Community Credit Union
May 1, 2003 Goldsboro Firemens Credit Union NC First Carolina People's Credit Union
May 1, 2003 First Georgia Bank GA United Community Bank
May 1, 2003 New Hampshire Food Industry Credit Union NH St. Mary's Bank Credit Union
May 1, 2003 North Central Credit Union WA Numerica Credit Union
May 1, 2003 Canco Maryland Federal Credit Union MD Triple C 16 Federal Credit Union
May 1, 2003 Durham Veterans Administration Credit Union NC Vision Financial Federal Credit Union
May 1, 2003 MEMBERS1ST Credit Union IA MEMBERS1ST Community Credit Union
Apr 30, 2003 Metropolitan Financial Corporation OH SKY Financial Group, Inc.
Apr 30, 2003 Larue Bancshares, Inc. KY Citizens Union Bancorp of Shelbyville, Inc.
Apr 30, 2003 Banc of America Retirement Management, Inc. GA NB Holdings Corporation
Apr 30, 2003 Moraine Valley Federal Credit Union IL New Century Federal Credit Union
Apr 30, 2003 Elyria City Employees Credit Union, Inc. OH Achieve Credit Union, Inc.
Apr 28, 2003 Chowan Credit Union NC Generations Community Credit Union
Apr 26, 2003 LBA Savings Bank LA Iberiabank
Apr 26, 2003 Admiralty Bancorp, Inc. FL RBC Bank (USA)
Apr 26, 2003 Admiralty Bank FL RBC Bank (USA)

The list holds 500 of the 751 mergers recorded for 2003.

Enforcement Actions in 2003

Action date Agency Institution Action
Oct 23, 2003 OCC Bank of China Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bank of China
Oct 23, 2003 OCC Bank of China Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bank of China
Oct 23, 2003 OCC_OTS Abacus Federal Savings Bank Cease and Desist: Abacus Federal Savings Bank
Oct 23, 2003 OCC Bank of America, N.A. Prohibition/Removal Orders: Anderson, Kristen
Oct 23, 2003 OCC_OTS Abacus Federal Savings Bank Civil Money Penalty: Abacus Federal Savings Bank
Oct 21, 2003 FRB Bank of Gassaway Written Agreement: Bank of Gassaway, Gassaway, WV
Oct 20, 2003 OCC Clear Lake National Bank Civil Money Penalty (CMP): Kinder, Nancy A.
Oct 20, 2003 OCC Clear Lake National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Kinder, Nancy A.
Oct 15, 2003 OCC Six Rivers National Bank Prohibition/Removal Orders: McCarthy, Susan Diehl
Oct 15, 2003 OCC Six Rivers National Bank Prohibition/Removal Orders: Ulrich, Gene
Oct 14, 2003 FRB Six Rivers National Bank Prohibition from Banking: Susan Diehl McCarthy
Oct 14, 2003 FRB Six Rivers National Bank Prohibition from Banking: Gene Ulrich
Oct 9, 2003 OCC Union National Bank of Franklinville Formal Agreement: The National Union Bank of Kinderhook
Oct 9, 2003 OCC Key Bank USA, N.A. Prohibition/Removal Orders: Marcano, Joey A.
Oct 9, 2003 OCC Kennett National Bank Formal Agreement: Kennett National Bank
Oct 2, 2003 OCC Unity National Bank of Houston Formal Agreement: Unity National Bank of Houston
Sep 26, 2003 FRB (individual) Written Agreement: First American Bank, Carpentersville, IL
Sep 25, 2003 FRB First Charter Bank Written Agreement: First Charter Bank, Charlotte, NC
Sep 23, 2003 FRB Premier Bankcard, LLC Written Agreement: United National Corporation, Sioux Falls, SD, First PREMIER Bank, Sioux Falls, SD …
Sep 22, 2003 OCC Fleetboston Financial Corporation Prohibition/Removal Orders: Benson, Timothy
Sep 22, 2003 OCC Hana Bank USA, N.A. Civil Money Penalty (CMP): Chung, Sam
Sep 22, 2003 OCC Hana Bank USA, N.A. Civil Money Penalty (CMP): Cardone, Daniel
Sep 22, 2003 OCC Fleetboston Financial Corporation C&D or PC&D Requiring Restitution: Benson, Timothy
Sep 16, 2003 OCC AMCORE Bank, N.A. Civil Money Penalty (CMP): Amcore Bank, National Association
Sep 16, 2003 OCC_OTS Genoa Savings and Loan Company Orders of Removal/Prohibition: Thomas R. Everett
Sep 11, 2003 FRB (individual) Cease and Desist Order: Craig Van Stone
Sep 4, 2003 OCC National Bank of Geneva Formal Agreement: National Bank of Geneva, The
Sep 4, 2003 OCC Bath National Corporation Formal Agreement: Bath National Bank
Sep 2, 2003 OCC Republic National Company Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Dryer, Cathy A.
Sep 2, 2003 OCC Six Rivers National Bank C&D or PC&D Requiring Restitution: Ulrich, Gene
Sep 2, 2003 OCC Six Rivers National Bank C&D or PC&D Requiring Restitution: McCarthy, Susan Diehl
Sep 2, 2003 OCC Six Rivers National Bank Civil Money Penalty (CMP): Ulrich, Gene
Sep 2, 2003 OCC Six Rivers National Bank Civil Money Penalty (CMP): McCarthy, Susan Diehl
Sep 2, 2003 OCC First National Bank & Trust Civil Money Penalty (CMP): First National Bank & Trust
Aug 28, 2003 FRB Ridgedale State Bank of Minnetonka Cease and Desist Order: Robert C. Arneson
Aug 27, 2003 FRB (individual) Cease and Desist Order: WestLB AG, Dusseldorf, Germany and WestLB, New York Branch, New …
Aug 27, 2003 FRB (individual) Civil Money Penalty $3,000,000: WestLB AG, Dusseldorf, Germany and WestLB, New York Branch, New …
Aug 27, 2003 OCC The First National Bank of Evant Formal Agreement: First NB of Evant
Aug 26, 2003 FRB Gold Trust Company Written Agreement: Gold Banc Corporation, Inc., Leawood, Kansas, and Gold Bank, Leawood, Kansas
Aug 15, 2003 OCC_OTS (individual) Orders of Removal/Prohibition: Roger A. Morr
Aug 11, 2003 OCC Bridgeview Bank, National Association Prohibition/Removal Orders: Carey, Sidney R.
Aug 11, 2003 FRB (individual) Civil Money Penalty $5,250: Community State Bank, Avilla, IN
Aug 5, 2003 OCC Forrest City Bank, National Association Formal Agreement: Forrest City Bank, National Association
Aug 1, 2003 OCC Delta National Bancorp Civil Money Penalty (CMP): Rossi, Andrew
Aug 1, 2003 OCC Delta National Bancorp Prohibition/Removal Orders: Rossi, Andrew
Jul 31, 2003 OCC Gladewater National Bank Formal Agreement: Gladewater National Bank
Jul 31, 2003 OCC Zions Bancorporation, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Cartright, Penelope Joy
Jul 31, 2003 OCC First Consumers National Bank Formal Agreement: First Consumers National Bank
Jul 30, 2003 OCC_OTS Life Financial Corporation Cease and Desist: W. Todd Peterson
Jul 30, 2003 OCC First National Bank Prohibition/Removal Orders: Moyers, Teresa Scott

Browse adjacent years: 2002 · 2004

Or jump to a category: Failures · Mergers · Enforcement · Assistance