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
Dec 31, 2003 The Fifth Third Bank of Northern Kentucky, Inc. KY Fifth Third Bank
Dec 31, 2003 BW Holdings, Inc. CO Bankvest, Inc.
Dec 31, 2003 Block Capital Management ME Bar Harbor Trust Services
Dec 31, 2003 First National Trust Company PA First National Bank of Pennsylvania
Dec 31, 2003 Mortgage Express Corporation KY Citizens Commerce Bank
Dec 31, 2003 Fifth Third Investment Advisors, Inc. IN Fifth Third Financial Corporation
Dec 31, 2003 Covest Bancshares, Inc. IL First Midwest Bancorp, Inc.
Dec 31, 2003 The Maddox Corporation GA First State Bancshares of Blakely, Inc.
Dec 31, 2003 Providian Bank UT Providian National Bank
Dec 31, 2003 Winnebago Acceptance Corporation GA Bank of America, N.A.
Dec 31, 2003 Sea Ray Credit Corporation GA Bank of America, N.A.
Dec 31, 2003 Banc of America Speciality Finance, Inc. GA Bank of America, N.A.
Dec 31, 2003 Fleetwood Credit Corp. GA Bank of America, N.A.
Dec 31, 2003 C&S Premises, Inc. GA NB Holdings Corporation
Dec 31, 2003 Commercesouth, Inc. AL Banctrust Financial Group, Inc.
Dec 31, 2003 Fifth Third Bank, Florida FL Fifth Third Bank
Dec 31, 2003 Corn Belt Bancorporation IA First Fontanelle Bancorporation
Dec 31, 2003 Jacksonville Savings Bank, SSB TX Franklin Bank, S.S.B.
Dec 31, 2003 The Broadway National Bank of Chelsea MA Boston Federal Savings Bank
Dec 31, 2003 Bethany Baptist Church Credit Union OH Antioch Baptist Church Credit Union, Inc.
Dec 31, 2003 Kawa Credit Union, Inc. KY K I T Federal Credit Union
Dec 31, 2003 Fifth Third Bank, Indiana IN Fifth Third Bank
Dec 31, 2003 Northwestern University Employees Credit Union IL First Northern Credit Union
Dec 31, 2003 Fifth Third Bank, Kentucky, Inc. KY Fifth Third Bank
Dec 31, 2003 Tri-County Postal Federal Credit Union IL Numark Credit Union
Dec 31, 2003 Greater New Light Baptist Credit Union, Inc. OH Trupartner Credit Union, Inc.
Dec 29, 2003 Worthington Bancorporation IA State Bank
Dec 24, 2003 The Lenox Savings Bank OH Foundation Bank
Dec 23, 2003 South Texas Capital Group, Inc. TX Sterling Bancorporation, LLC
Dec 20, 2003 The First National Bank of O'Donnell TX The State National Bank of Big Spring
Dec 20, 2003 Westville Community Federal Credit Union IL Landmark Credit Union
Dec 18, 2003 NVF Company Employees Federal Credit Union DE Louviers Federal Credit Union
Dec 17, 2003 World Federal Credit Union GA Georgia United Credit Union
Dec 15, 2003 HomeTowne Heritage Bank PA National Penn Bank
Dec 15, 2003 First Mustang Corporation OK All America Bank
Dec 13, 2003 Great Lakes Bank OH SKY Bank
Dec 13, 2003 Auburn Community Bancorp CA Western Sierra Bancorp
Dec 13, 2003 Windsor Locks Community Bank, FSL CT Enfield Federal Savings and Loan Association
Dec 12, 2003 Security Bank National Association TX Citibank Texas, National Association
Dec 10, 2003 First State Bank of North Texas TX Prosperity Bank
Dec 8, 2003 Community Financial Group, Inc. AR CB Bancorp Inc
Dec 8, 2003 Victory-Masonic Mutual Credit Union NC Truliant Federal Credit Union
Dec 6, 2003 Hawthorn Bank IL State Financial Bank, National Association
Dec 6, 2003 Anchor Bank IL State Financial Bank, National Association
Dec 6, 2003 Bank of Grand Junction CO Wells Fargo Bank, N.A.
Dec 6, 2003 Superior Bank, FSB AR Arvest Bank
Dec 6, 2003 Superior Financial Corp AR Arvest Holdings, Inc.
Dec 6, 2003 Hawthorn Corporation IL State Financial Services Corporation
Dec 6, 2003 Lakes Region Bancorp, Inc. IL State Financial Services Corporation
Dec 5, 2003 Pittsburgh Savings Bank PA First Commonwealth Bank

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

Enforcement Actions in 2003

Action date Agency Institution Action
Jul 30, 2003 OCC First National Bank Prohibition/Removal Orders: Winfrey, Deborah Jean
Jul 29, 2003 FRB Ridgedale State Bank of Minnetonka Written Agreement: Ridgedale State Bank, Minnetonka, Minnesota
Jul 28, 2003 OCC KeyCorp C&D or PC&D Requiring Restitution: Horne, Michelle V.
Jul 28, 2003 FRB J.P. Morgan Chase Interim National Bank Written Agreement: J.P. Morgan Chase & Co., New York, NY
Jul 28, 2003 FRB Citigroup Inc. Written Agreement: Citigroup, Inc., New York, NY
Jul 28, 2003 OCC Wachovia Bank, N.A. Prohibition/Removal Orders: Reed, Thomas K.
Jul 28, 2003 OCC KeyCorp Prohibition/Removal Orders: Horne, Michelle V.
Jul 28, 2003 OCC Citibank, N.A. Formal Agreement: Citibank, N.A.
Jul 28, 2003 OCC Wachovia Bank, N.A. Civil Money Penalty (CMP): Reed, Thomas K.
Jul 25, 2003 FRB Consolidated Holding Company Amendment to 09/05/2000 Written Agreement: Consolidated Bank and Trust Company, Richmond, VA
Jul 16, 2003 OCC Riggs National Trust Company Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Riggs Bank National Association
Jul 10, 2003 OCC Guaranty National Bank of Tallahassee Civil Money Penalty (CMP): Guaranty National Bank of Tallahassee
Jul 10, 2003 OCC First National Bank of Gaylord Formal Agreement: First National Bank of Gaylord
Jul 9, 2003 OCC First National Bank of Wiggins Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of Wiggins
Jul 8, 2003 OCC Citibank, N.A. Prohibition/Removal Orders: Arocho-Burgos, Benedicta
Jul 8, 2003 OCC Wells Fargo Bank, National Association Prohibition/Removal Orders: Castillo, Arthur D.
Jul 2, 2003 OCC The National Republic Bank of Chicago Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The National Republic Bank of Chicago
Jun 25, 2003 OCC The National Bank of North East Formal Agreement: The National Bank of North East
Jun 25, 2003 OCC The First National Bank of O'Donnell Prohibition/Removal Orders: Hogg, Nelson D.
Jun 23, 2003 OCC The First National Bank of Pandora Formal Agreement: The First National Bank of Pandora
Jun 23, 2003 OCC First National Agency Company of Deer River Inc. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Deer …
Jun 20, 2003 OCC Gateway Bank of St. Louis Formal Agreement: Gateway National Bank of St. Louis
Jun 18, 2003 OCC Wachovia Corporation Prohibition/Removal Orders: Lillie, Lawrence
Jun 17, 2003 OCC The First National Bank of O'Donnell Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of O'Donnell
Jun 12, 2003 FRB Centennial Bank of the West Civil Money Penalty $3,000: Centennial Bank of the West, Fort Collins, CO
Jun 12, 2003 FRB (individual) Civil Money Penalty $5,500: Community First Bank & Trust, Celina, OH
Jun 11, 2003 OCC First National Bank and Trust Civil Money Penalty (CMP): Rahjes, Doyle D.
Jun 11, 2003 OCC First National Bank and Trust Civil Money Penalty (CMP): Culbertson, Lloyd K.
Jun 11, 2003 OCC First National Bank and Trust Civil Money Penalty (CMP): Kaumans, William W.
Jun 11, 2003 OCC First National Bank and Trust Civil Money Penalty (CMP): Moyer, Charles I.
Jun 11, 2003 OCC First National Bank and Trust Civil Money Penalty (CMP): Smith, William H.
Jun 11, 2003 OCC The Fremont National Bank and Trust Company Civil Money Penalty (CMP): The Fremont National Bank and Trust Company
Jun 11, 2003 OCC First National Bank and Trust Civil Money Penalty (CMP): Culbertson, Katherine
Jun 11, 2003 OCC First National Bank and Trust Civil Money Penalty (CMP): Moyer, Jaret
Jun 10, 2003 OCC The First National Bank of Slippery Rock Civil Money Penalty (CMP): The First National Bank of Slippery Rock
Jun 10, 2003 FRB Southern Commercial Bank Written Agreement: Southern Commercial Bank, St. Louis, MO
Jun 5, 2003 OCC_OTS Genoa Savings and Loan Company Supervisory Agreement: The Genoa Savings and Loan Company
Jun 3, 2003 OCC The Somerville National Bank Formal Agreement: The Somerville National Bank
Jun 2, 2003 OCC_OTS First Federal of the South Civil Money Penalty: Charles R. Vawter, Jr.
Jun 2, 2003 OCC Chase Texas Foundation, Inc. C&D or PC&D Requiring Restitution: Coston, Byron A.
Jun 2, 2003 OCC Chase Texas Foundation, Inc. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Coston, Byron A.
Jun 2, 2003 OCC Delta National Bancorp Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Rossi, Toinette
Jun 2, 2003 OCC Delta National Bancorp Civil Money Penalty (CMP): Rossi, Toinette
Jun 2, 2003 OCC Chase Texas Foundation, Inc. Prohibition/Removal Orders: Coston, Byron A.
Jun 2, 2003 OCC_OTS First Federal of the South Orders of Removal/Prohibition: Charles R. Vawter, Jr.
May 28, 2003 FRB Marathon Bank Cease and Desist Order: Lori H. Staples
May 28, 2003 OCC Union Planters Corporation Prohibition/Removal Orders: Rickman, Bobby W.
May 28, 2003 FRB (individual) Civil Money Penalty 7,000: Citizens Bank and Trust Company, Van Buren, AR
May 27, 2003 OCC The First National Bank of Littlefield Civil Money Penalty (CMP): Lee, Jay H
May 27, 2003 OCC The First National Bank of Littlefield Civil Money Penalty (CMP): Lee, James T.

Browse adjacent years: 2002 · 2004

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