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
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