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
Oct 21, 2003	GBC Bancorp	CA	Cathay General Bancorp
Oct 19, 2003	GLB Bancorp, Inc.	OH	SKY Financial Group, Inc.
Oct 18, 2003	Avery County Bank	NC	First-Citizens Bank & Trust Company
Oct 18, 2003	First Ridge Farm State Bank	IL	First Financial Bank, N.A.
Oct 18, 2003	Bell Federal Savings and Loan Association	PA	Northwest Bank
Oct 17, 2003	North Oakland Community Bank	MI	Community Central Bank
Oct 17, 2003	Pinnacle State Bank	SC	Arthur State Bank
Oct 17, 2003	(unnamed)	—	Centrue Bank
Oct 16, 2003	UBS (USA) Inc.	CT	UBS Americas Inc.
Oct 16, 2003	York Citizens Federal Credit Union	AL	Tuscaloosa Va Federal Credit Union
Oct 15, 2003	Lincoln National Bancorporation	OK	BancFirst Corporation
Oct 14, 2003	Pleasanton State Bank	NE	Town & Country Bank
Oct 11, 2003	First Virginia Bank - Colonial	VA	Branch Banking and Trust Company of Virginia
Oct 11, 2003	Coast Community Bancshares, Inc.	MS	Community Bancshares of Mississippi, Inc.
Oct 11, 2003	Sequoia Bancshares, Inc.	MD	Ubv Holding Company, LLC
Oct 11, 2003	Southern Exchange Bank	FL	First National Bank of Florida
Oct 11, 2003	First Vantage Bank /Tri-Cities	VA	Branch Banking and Trust Company of Virginia
Oct 11, 2003	Farmers Bank of Maryland	MD	Truist Bank
Oct 11, 2003	First Virginia Bank - Hampton Roads	VA	Branch Banking and Trust Company of Virginia
Oct 11, 2003	Liberty State Bank	MN	First Federal Capital Bank
Oct 11, 2003	First Virginia Bank	VA	Branch Banking and Trust Company of Virginia
Oct 11, 2003	First Virginia Bank - Blue Ridge	VA	Branch Banking and Trust Company of Virginia
Oct 11, 2003	Sequoia Bank	MD	United Bank
Oct 11, 2003	First Virginia Bank-Southwest	VA	Branch Banking and Trust Company of Virginia
Oct 11, 2003	Atlantic Bank	MD	Truist Bank
Oct 10, 2003	Valley Bank of Arizona	AZ	Meridian Bank, National Association
Oct 9, 2003	Aviston Financial Corporation	IL	Centrue Financial Corporation
Oct 9, 2003	Floodwood Agency, Inc.	MN	Finlayson Bancshares, Inc.
Oct 4, 2003	Suburban Community Bank	PA	Univest Bank and Trust Co.
Oct 4, 2003	The First National Bank of Grove	OK	The First National Bank and Trust Company of Vinita
Oct 3, 2003	Document Processing & Imaging Corporation	ND	Frandsen Financial Corporation
Oct 3, 2003	MountainBank	NC	Carolina First Bank
Oct 3, 2003	Mountainbank Financial Corporation	NC	The South Financial Group, Inc.
Oct 3, 2003	The Garber Employees Credit Union, Inc.	OH	Ashland Community Federal Credit Union
Oct 2, 2003	First National Bank of Bellaire	TX	Tradition Bank - Bellaire
Oct 2, 2003	Cedar Valley State Bank	IA	Valley Bank
Oct 2, 2003	Eloise Credit Union	MI	Chief Financial Federal Credit Union
Oct 1, 2003	Cambria-Somerset C O G Federal Credit Union	PA	Healthcare First Credit Union
Oct 1, 2003	Bismarck Telco Federal Credit Unin	ND	Railway Credit Union
Oct 1, 2003	Saint Ignatius Parish Credit Union, Inc.	OH	Firefighters Community Cu
Oct 1, 2003	Enfield Federal Credit Union	CT	Enfield Community Federal Credit Union
Oct 1, 2003	Johnson City Federal Employees Credit Union	TN	Greater Experience Credit Union
Oct 1, 2003	Cooperative Federal Credit Union	NY	Consumers Federal Credit Union
Oct 1, 2003	Washco Community Credit Union	OR	First Community Credit Union
Oct 1, 2003	First Bank, bc	IL	Blackhawk Bank
Oct 1, 2003	Basf Employee Federal Credit Union	SC	S.C. State Federal Credit Union
Oct 1, 2003	Blue Ridge Federal Credit Union	VA	Kemba Roanoke Federal Credit Union
Oct 1, 2003	Volunteer Federal Credit Union	TN	New South Credit Union
Oct 1, 2003	Gentelco West Federal Credit Union	CA	Pacific Community Credit Union
Oct 1, 2003	The First National Bank of Coulterville	IL	First State Bank of Campbell Hill

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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