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.

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
May 27, 2003	OCC	Bank of America, N.A.	Prohibition/Removal Orders: Lackner, William F.
May 22, 2003 Released Apr 24, 2018	FRB	Brickyard Bancorp, Inc.	Written Agreement: Brickyard Bancorp, Inc., Lincolnwood, IL
May 21, 2003	OCC	The First National Bank of East Texas	Formal Agreement: First NB of Gilmer
May 21, 2003	FRB	NAB Bank	Written Agreement: NAB Bank, Chicago, IL
May 21, 2003	OCC	The First National Bank of Keystone	Formal Agreement: The First National Bank of Keystone
May 21, 2003	OCC	The First National Bank of Keystone	Formal Agreement: Lambert, Michael T.
May 20, 2003	FRB	Marathon Bank	Written Agreement: The Marathon Bank, Winchester, VA
May 16, 2003	OCC	First National Bank of Coffee County	Civil Money Penalty (CMP): Johnson, Jeffery W.
May 16, 2003	OCC_OTS	Sobieski Bank	Supervisory Agreement: Sobieski Bank
May 15, 2003	OCC	Hamilton Bank, N.A.	Prohibition/Removal Orders: Lacayo, Ronald
May 15, 2003	OCC	Prairie National Bank	Civil Money Penalty (CMP): Ott, Ronald H.
May 15, 2003	OCC	Hamilton Bank, N.A.	Civil Money Penalty (CMP): Lacayo, Ronald
May 15, 2003	OCC	Hamilton Bank, N.A.	Civil Money Penalty (CMP): Arbulu, Antonio
May 15, 2003	OCC	Hamilton Bank, N.A.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Arbulu, Antonio
May 15, 2003	OCC	Prairie National Bank	Prohibition/Removal Orders: Ott, Ronald H.
May 12, 2003	OCC	The Huntington National Bank of Florida	Prohibition/Removal Orders: Stillwell, Michael R.
May 2, 2003	OCC	Guaranty National Bank of Tallahassee	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Guaranty National Bank of Tallahassee
May 1, 2003	OCC	Security State Bank, National Association	Formal Agreement: Security State Bank, National Association
Apr 30, 2003	FRB	HSBC Bank USA, National Association	Written Agreement: HSBC Bank USA, Buffalo, NY
Apr 29, 2003	OCC_OTS	Anchor Savings and Loan Association	Cease and Desist: Susan Hoffmann
Apr 29, 2003	OCC_OTS	Progressive Ozark Bank	Orders of Removal/Prohibition: Dennis Plank
Apr 28, 2003	OCC	Chase Texas Foundation, Inc.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Robertson, Damion D.
Apr 28, 2003	OCC	KeyBank N.A.	C&D or PC&D Requiring Restitution: Rowe, Cynthia
Apr 28, 2003	OCC	First National Trust Company	Prohibition/Removal Orders: Cross, Nancy J.
Apr 28, 2003	OCC	Bank of America, N.A.	Prohibition/Removal Orders: Jones-Kennedy, Connie
Apr 28, 2003	OCC	Wells Fargo & Company	Prohibition/Removal Orders: Cruz, Vilma H.
Apr 28, 2003	OCC	First National Community Bank	Formal Agreement: The First National Bank of Chatsworth
Apr 25, 2003	FRB	The First State Bank of West Manchester	Written Agreement: The First State Bank of West Manchester, West Manchester, OH
Apr 24, 2003	OCC	Hamilton Bank, N.A.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Cannon, Alina
Apr 22, 2003	FRB	(individual)	Written Agreement: BANKFIRST Corporation, Sioux Falls, SD
Apr 22, 2003	FRB	(individual)	Written Agreement: BANKFIRST, Sioux Falls, SD
Apr 21, 2003	OCC	Bank of America, N.A.	Prohibition/Removal Orders: Davis, Keisha
Apr 21, 2003	OCC	Industrial Bank, National Association	Formal Agreement: Industrial Bank, National Association
Apr 21, 2003	OCC	Union Bank of California Foundation	Prohibition/Removal Orders: Keshishyan, Lusin
Apr 15, 2003	OCC	Native American Bank, N.A.	Formal Agreement: Native American Bank, National Association
Apr 15, 2003	OCC	First Consumers National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Consumers National Bank
Apr 15, 2003	FRB	The First and Farmers Bank Holding Company	Civil Money Penalty $3,850: First Farmers Bank and Trust, Converse, IN
Apr 11, 2003	OCC	National Bank of the Great Lakes	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): National Bank of The Great Lakes
Apr 4, 2003	OCC	Grand Valley Corporation	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Boutilier, Vicki L.
Apr 4, 2003	OCC	Grand Valley Corporation	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Smith, James Earl
Apr 4, 2003	OCC	Grand Valley Corporation	Civil Money Penalty (CMP): Boutilier, Vicki L.
Apr 4, 2003	OCC_OTS	United Trust Bank	Cease and Desist: John D. Van Winkle
Apr 4, 2003	OCC	Grand Valley Corporation	Prohibition/Removal Orders: Smith, James Earl
Apr 4, 2003	OCC	Grand Valley Corporation	Civil Money Penalty (CMP): Smith, James Earl
Apr 4, 2003	OCC	Grand Valley Corporation	Prohibition/Removal Orders: Boutilier, Vicki L.
Apr 1, 2003	OCC	Surety Capital Corporation	Civil Money Penalty (CMP): Heinzelmann, Gerald M.
Apr 1, 2003	OCC	Whitaker Bank, Inc	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Whitaker, Elmer
Apr 1, 2003	OCC	Whitaker Bank, Inc	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Warfield, Wallace
Apr 1, 2003	OCC	Whitaker Bank, Inc	C&D or PC&D Requiring Restitution: Whitaker, Jack
Apr 1, 2003	OCC	Whitaker Bank, Inc	C&D or PC&D Requiring Restitution: Whitaker, Elmer

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