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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
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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