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 | Assets |
|---|---|---|
| Nov 14, 2003 | Pulaski Savings Bank | $8.5M |
| May 9, 2003 | The First National Bank of Blanchardville | $34.5M |
| Feb 7, 2003 | Southern Pacific Bank | $904.3M |
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 | Acquirer |
|---|---|---|
| Sep 3, 2003 | Tejas Force, Inc. | Ibid, Inc. |
| Sep 3, 2003 | Tejas Bancshares, Inc. | Ibid, Inc. |
| Sep 2, 2003 | Mountain State Federal Credit Union | Altana Federal Credit Union |
| Sep 2, 2003 | State Bank of Moorhead | Bell Bank |
| Sep 2, 2003 | Fort Hood Military Federal Credit Union | Pentagon Federal Credit Union |
| Sep 2, 2003 | State Bank of West Fargo | Bell Bank |
| Sep 2, 2003 | KC Credit Union | Firefly Federal Credit Union |
| Sep 2, 2003 | San Antonio Women's Credit Union | Select Federal Credit Union |
| Sep 2, 2003 | Heartland Credit Union | Greater Iowa Credit Union |
| Sep 1, 2003 | Citifinancial, Inc. 486, LLC | Citifinancial, INC.<OH> |
| Sep 1, 2003 | Citifinancial Services, Inc. 384, LLC | Cfna Receivables (Pa), Inc. |
| Sep 1, 2003 | Indianapolis Railroad Employees Credit Union | Indiana Members Credit Union |
| Sep 1, 2003 | Arapahoe County Funding Company | Capitol Bancorporation, Inc. |
| Sep 1, 2003 | Postal 1st Credit Union | Utah First Federal Credit Union |
| Sep 1, 2003 | United Savings and Loan Bank | WaFd Bank |
| Sep 1, 2003 | E F I Employees Credit Union | Shipbuilders Credit Union |
| Sep 1, 2003 | Arapahoe Bank and Trust | First National Bank |
| Sep 1, 2003 | Members Edge Federal Credit Union | Pittsburgh Federal Credit Union |
| Sep 1, 2003 | Associated Metro Federal Credit Union | Village Community Credit Union |
| Sep 1, 2003 | Friendly Credit Union | Navigator Federal Credit Union |
| Sep 1, 2003 | Rainbow Credit Union | Ark Valley Credit Union |
| Sep 1, 2003 | U.S. Trust Company of Florida, National Association | U.S. Trust Company, National Association |
| Sep 1, 2003 | Teamsters Credit Union | Seattle Metropolitan Credit Union |
| Aug 30, 2003 | Corwith State Bank | Iowa State Bank |
| Aug 30, 2003 | Centennial Bank | Vantagesouth Bank |
| Aug 30, 2003 | Baldwin Bancshares, Inc. | GB&T Bancshares, Inc. |
| Aug 30, 2003 | Citibank (New York State) | Citibank, N.A. |
| Aug 29, 2003 | Fifth Third Processing Solutions | Fifth Third Bank, N.A. |
| Aug 29, 2003 | Corwith State Bancshares, Inc. | Corwith State Bank |
| Aug 29, 2003 | Security Bankshares, Inc. | City Delaware Bancorp, Inc. |
| Aug 29, 2003 | Community National Bank of Grand Forks | Community Bank of the Red River Valley |
| Aug 28, 2003 | Carlyle and Company Credit Union | Truliant Federal Credit Union |
| Aug 26, 2003 | Asiana Bank | Nara Bank |
| Aug 25, 2003 | CSB Financial Corp. | Lakeland Bancorp, Inc. |
| Aug 25, 2003 | Community State Bank | Lakeland Bank |
| Aug 23, 2003 | Southern Community Bank, Atlantic | Trustmark Bank |
| Aug 23, 2003 | Verdugo Banking Company | Banc of California |
| Aug 21, 2003 | B.M.G. Credit Union, Inc. | McKesson Federal Credit Union |
| Aug 21, 2003 | Hume Bancshares, Inc. | Hume Bancshares Acquisition Corp |
| Aug 18, 2003 | Dicey Federal Credit Union | Truliant Federal Credit Union |
| Aug 16, 2003 | Secured Trust Bank | Community Bank & Trust, S.S.B. |
| Aug 16, 2003 | Marine National Bank of Naples | Old Florida Bank |
| Aug 16, 2003 | Marine Bancshares, Inc. | Old Florida Bankshares, Inc. |
| Aug 16, 2003 | WB&T Delaware Bancshares, Inc. | Inwood Bancshares, Inc. |
| Aug 16, 2003 | WB&T Bancshares, Inc. | Inwood Bancshares, Inc. |
| Aug 16, 2003 | Western Bank & Trust | Inwood National Bank |
| Aug 13, 2003 | F&M Bancorp | Mercantile Bankshares Corporation |
| Aug 12, 2003 | Carr-Lowrey Employees Federal Credit Union | State Employees Credit Union of Maryland Inc. |
| Aug 11, 2003 | Albany Community Development Federal Credit Union | Broadview Federal Credit Union |
| Aug 11, 2003 | Border State Bank | Border Bank |
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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