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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
Dec 5, 2003 Pittsburgh Financial Corp. PA First Commonwealth Financial Corporation
Dec 5, 2003 Sarasota Bank FL Colonial Bank
Dec 2, 2003 Caledonia Financial Corporation MI TCF Financial Corporation
Dec 1, 2003 Halekulani Federal Credit Union HI Hawaiian Financial Federal Credit Union
Dec 1, 2003 The Greenwich Bank & Trust Company CT Connecticut Community Bank, N.A.
Dec 1, 2003 Valley Communities Federal Credit Union MI United Financial Credit Union
Dec 1, 2003 Montgomery County Employees Credit Union PA American Heritage Federal Credit Union
Dec 1, 2003 American Metal Hose Employee Federal Credit Union CT Waterbury Connecticut Teachers Federal Credit Union
Dec 1, 2003 St. Francis Bank, F.S.B. WI Midamerica Bank, FSB
Dec 1, 2003 Catholic Credit Union TX Saint Joseph's Credit Union
Dec 1, 2003 Sho-Pan-Hi Federal Credit Union ID Icon Credit Union
Dec 1, 2003 Electrical Workers Credit Union, Inc. OH Pathways Financial Credit Union, Inc.
Dec 1, 2003 Hammermill Employees Federal Credit Union PA Erie Federal Credit Union
Dec 1, 2003 Al Tech Federal Credit Union NY Greater Chautauqua Federal Credit Union
Dec 1, 2003 S E S E Federal Credit Union CA Sunnyvale Federal Credit Union
Nov 30, 2003 Montana Media Credit Union MT Altana Federal Credit Union
Nov 30, 2003 Ackerman Credit Union, Inc. OH Kemba Financial Credit Union, Inc.
Nov 30, 2003 First National Bank IL First Financial Bank, N.A.
Nov 29, 2003 Kansas Farm Bureau Employees Credit Union KS Kansas State University Federal Credit Union
Nov 28, 2003 Bom Comloan, Inc. NV Bank One, National Association
Nov 27, 2003 Alabama Gas Credit Union AL 1st Resource Credit Union
Nov 27, 2003 St. Clair County Teachers Credit Union IL Vantage Credit Union
Nov 22, 2003 Grange National Banc Corp. PA Community Financial System, Inc.
Nov 22, 2003 Associated Bank Illinois, National Association IL Associated Bank, N.A.
Nov 22, 2003 Montana First National Bank MT First Montana Bank, Inc.
Nov 22, 2003 Grange National Bank PA Community Bank, N.A.
Nov 21, 2003 Wells Fargo Bank Texas, National Association TX Wells Fargo Bank, N.A.
Nov 21, 2003 Rutherford Bank and Trust TN GreenBank
Nov 21, 2003 Independent Bankshares Corporation TN Green Bankshares, Inc.
Nov 21, 2003 First Independent Bank TN GreenBank
Nov 21, 2003 Averitt Express Savings Association Credit Union TN Southeast Financial Credit Union
Nov 21, 2003 Wells Fargo Bank West, National Association CO Wells Fargo Bank, N.A.
Nov 21, 2003 Wells Fargo Bank Nebraska, National Association NE Wells Fargo Bank, N.A.
Nov 21, 2003 Wells Fargo Bank Montana, National Association MT Wells Fargo Bank, N.A.
Nov 21, 2003 Wells Fargo Bank Alaska, National Association AK Wells Fargo Bank, N.A.
Nov 21, 2003 Wells Fargo Bank Wyoming, National Association WY Wells Fargo Bank, N.A.
Nov 18, 2003 Modesto Commerce Bank CA Bank of Stockton
Nov 18, 2003 Tuscaloosa Community Federal Credit Union AL Secure First Credit Union
Nov 18, 2003 Buffalo Telephone Employees Federal Credit Union NY The Summit Federal Credit Union
Nov 17, 2003 Memphis Nitrogen Federal Credit Union TN Southern Security Federal Credit Union
Nov 14, 2003 District 8 Federal Credit Union CO Air Academy Federal Credit Union
Nov 14, 2003 Community Bank of Kentucky, Inc. KY Your Community Bank
Nov 12, 2003 Dyno Employees NY Federal Credit Union NY Mid-Hudson Valley Federal Credit Union
Nov 10, 2003 First Heartland Bancorp IA Conover Bancorporation
Nov 8, 2003 The North American Bank and Trust Company CT Webster Bank, N.A.
Nov 8, 2003 Citizens Bank of Texas, National Association TX First Victoria National Bank
Nov 7, 2003 First Federal Savings Bank KY Kentucky Bank
Nov 7, 2003 Atlantic Savings Bank, F.S.B. SC Wachovia Bank, N.A.
Nov 3, 2003 Kaydon 6-G Federal Credit Union TN Hurd Employees Credit Union
Nov 3, 2003 Renaissance Federal Credit Union PA Omega Federal Credit Union

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

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