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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
Nov 1, 2003 Maincorp Intermediate Holding Company, Inc. DE Prosperity Holdings, Inc.
Nov 1, 2003 Houston Commercial Bank TX Enterprise Bank
Nov 1, 2003 Southwest Bank IL Southwest Bank, An M&I Bank
Nov 1, 2003 Roslyn Bancorp, Inc. NY Flagstar Financial, Inc.
Nov 1, 2003 Mainbancorp, Inc. TX Prosperity Bancshares, Inc.
Nov 1, 2003 U.S. Trust Company of Texas, National Association TX U.S. Trust Company, National Association
Nov 1, 2003 Marble Falls National Bancshares, Inc. TX North American Bancshares, Inc.
Nov 1, 2003 Community Bancorp, Inc. MA Citizens Financial Group, Inc.
Nov 1, 2003 Nazareth National Bank and Trust Company PA Keystone Nazareth Bank & Trust Company
Nov 1, 2003 Coffeyville Teachers Credit Union KS Kansas Teachers Community Credit Union
Nov 1, 2003 The Commercial Bank MS United Mississippi Bank
Nov 1, 2003 Pioneer Bank, a Federal Savings Bank OR FirstBank Northwest
Nov 1, 2003 MainBank, National Association TX Prosperity Bank
Nov 1, 2003 IBEW-702 Federal Credit Union IL Siu Credit Union
Nov 1, 2003 James River Valley Federal Credit Union SD Area Federal Credit Union
Nov 1, 2003 American Sterilizer Employees Federal Credit Union PA Americo Federal Credit Union
Nov 1, 2003 Ocean County Postal Employees Federal Credit Union NJ First Harvest Federal Credit Union
Nov 1, 2003 Community National Bank MA Citizens Bank of Massachusetts
Nov 1, 2003 The Roslyn Savings Bank NY Flagstar Bank, N.A.
Nov 1, 2003 Rocky Mountain Employees Credit Union CO Advancial Federal Credit Union
Nov 1, 2003 Ojai Valley Bank CA Mid-State Bank & Trust
Nov 1, 2003 BankTrust of Brewton AL BankTrust
Nov 1, 2003 J&J Employee Credit Union TX MY Credit Union
Nov 1, 2003 Alpha Community Credit Union NC Piedmont Advantage Credit Union
Nov 1, 2003 First State Bank of Sinai SD Citizens State Bank of Arlington
Nov 1, 2003 Sullivan County Employees Credit Union TN Eastman Credit Union
Nov 1, 2003 O-SCC-VS Employee Federal Credit Union KY L&N Federal Credit Union
Nov 1, 2003 Providence Va Hospital Federal Credit Union RI Postal Government Employees Federal Credit Union
Nov 1, 2003 Metropacific Community Credit Union WA Qualstar Credit Union
Nov 1, 2003 Parker Elgin Federal Credit Union OH Pillar Credit Union, Inc
Nov 1, 2003 Dunlop Credit Union AL Family Security Credit Union
Nov 1, 2003 Traditions Credit Union WA Community 1st Credit Union
Oct 31, 2003 Cam - Co Transit Federal Credit Union PA G.A.P. Federal Credit Union
Oct 31, 2003 Metuchen-Edison Federal Credit Union NJ United Teletech Financial Federal Credit Union
Oct 31, 2003 Our Lady of Good Counsel Parish Credit Union IL Oak Trust Credit Union
Oct 31, 2003 First Colonial Group, Inc. PA KNBT Bancorp Inc.
Oct 31, 2003 Bank of Lecompte LA Red River Bank
Oct 31, 2003 W W M Federal Credit Union PA Usx Federal Credit Union
Oct 31, 2003 Deuel County State Bank NE Points West Community Bank
Oct 31, 2003 Coastline Community Credit Union CA Orange County's Federal Credit Union
Oct 27, 2003 Raccoon Valley State Bank IA Raccoon Valley Bank
Oct 27, 2003 Dallas Investment Company IA Perry Investment Company
Oct 25, 2003 The Martin County National Bank of Fairmont MN Profinium, Inc.
Oct 24, 2003 Fredericktown Bank & Trust Company MD Farmers & Mechanics Bank
Oct 24, 2003 Sarasota Bancorporation, Inc. FL The Colonial Bancgroup, Inc.
Oct 23, 2003 American National Bank IA American National Bank
Oct 23, 2003 Page State Bank ND Quality Bank
Oct 23, 2003 Page Bank Holding Company ND Quality Bankshares, Inc.
Oct 21, 2003 Western Bank & Trust National Association IA American National Bank
Oct 21, 2003 General Bank CA Cathay Bank

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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