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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
Oct 1, 2003 BBC Federal Credit Union NC Allegacy Federal Credit Union
Oct 1, 2003 Chicago First Credit Union IL Credit Union 1
Oct 1, 2003 Warwick Postal Employees Federal Credit Union RI Postal Government Employees Federal Credit Union
Oct 1, 2003 Mid-County Family Credit Union MO County Credit Union
Oct 1, 2003 Midamerican Bancshares, Inc. MO Midamerican Bancshares, Inc.
Oct 1, 2003 Quick Bancorp, Inc. IA American National Corporation
Oct 1, 2003 Dunc Corp. IL Blackhawk Bancorp, Inc.
Oct 1, 2003 CFC Data Corp MI TCF Financial Corporation
Oct 1, 2003 Rea Federal Credit Union IN Fire Police City County Federal Credit Union
Oct 1, 2003 The Minute Maid Company Federal Credit Union TX Coca-Cola Federal Credit Union
Oct 1, 2003 Virginia Hospital Employees Federal Credit Union VA Connects Federal Credit Union
Oct 1, 2003 W.F.B. Employees Credit Union WI Summit Credit Union
Oct 1, 2003 County of Erie Pennsylvania Federal Credit Union PA Erie Federal Credit Union
Oct 1, 2003 G T C Lafayette Federal Credit Union IN Purdue Federal Credit Union
Oct 1, 2003 Englewood Credit Union IL U.S. Employees Credit Union
Sep 30, 2003 Village Savings Bank, F.S.B. OH Main Street Bank Corp.
Sep 30, 2003 CSB Preferred Capital Corp MA Legacy Banks
Sep 30, 2003 Eau Claire Financial Services, Inc. MN Alliance Financial Services, Inc.
Sep 30, 2003 Citizens Utilities Federal Credit Union LA Sunwest Federal Credit Union
Sep 30, 2003 Commercial News Credit Union IL Tee-Pak Credit Union
Sep 30, 2003 Copley Los Angeles Federal Credit Union CA Calcom Federal Credit Union
Sep 30, 2003 Utah Oil Workers Credit Union UT Utah First Federal Credit Union
Sep 29, 2003 FCB Acquisition, LLC NC First Charter Bank
Sep 29, 2003 FSB Agency, Inc. MI FSB Bank
Sep 27, 2003 (unnamed) — Mercantile County Bank
Sep 27, 2003 Madison Bank and Trust AR Anstaff Bank
Sep 26, 2003 MidSouth Bank AR Liberty Bank of Arkansas
Sep 26, 2003 Carolina State Bank SC Arthur State Bank
Sep 26, 2003 Cumberland National Bank GA The Heritage Bank
Sep 26, 2003 First Virginia Insurance Services, Inc. VA Truist Bank
Sep 26, 2003 Northwest Teachers Vea Credit Union VT 802 Credit Union
Sep 24, 2003 FSGBank, National Association GA Fsgbank, N.A.
Sep 24, 2003 FSGBANK, National Association TN Fsgbank, N.A.
Sep 22, 2003 Newton South Co-operative Bank MA The Village Bank
Sep 20, 2003 Kaweah National Bank CA Citizens Business Bank, N.A.
Sep 18, 2003 Tuffy Credit Union MO United Consumers Credit Union
Sep 15, 2003 Mellon Bank Delaware, National Association DE BNY Mellon, N.A.
Sep 12, 2003 Panasia Bank, National Association NJ Woori America Bank
Sep 12, 2003 Associated Card Services Bank, N.A. WI Associated Bank, N.A.
Sep 11, 2003 Captree Federal Credit Union NY Warden Captree Federal Credit Union
Sep 10, 2003 Chesnee State Bancshares, Inc. SC Arthur Financial Corporation
Sep 10, 2003 Woodruff State Bancshares, Inc. SC Arthur Financial Corporation
Sep 10, 2003 Arthur State Bancshares, Inc. SC Arthur Financial Corporation
Sep 8, 2003 Stratton Agency, Inc. NE MNB Financial Group, Inc.
Sep 8, 2003 Commercial Bank NE MNB Bank
Sep 6, 2003 Peoples Bankcorp, Inc. NY Community Financial System, Inc.
Sep 6, 2003 Ogdensburg Federal Savings and Loan Association NY Community Bank, N.A.
Sep 4, 2003 Texas Bancshares Subsidiary Corporation MN Ibid, Inc.
Sep 4, 2003 Fidelity Bancorporation, Inc. MN Ibid, Inc.
Sep 3, 2003 Fayetteville Bancshares, Inc. TX Industry Bancshares, Inc.

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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