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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
Sep 3, 2003 Tejas Force, Inc. DE Ibid, Inc.
Sep 3, 2003 Tejas Bancshares, Inc. MN Ibid, Inc.
Sep 2, 2003 Mountain State Federal Credit Union MT Altana Federal Credit Union
Sep 2, 2003 State Bank of Moorhead MN Bell Bank
Sep 2, 2003 Fort Hood Military Federal Credit Union TX Pentagon Federal Credit Union
Sep 2, 2003 State Bank of West Fargo ND Bell Bank
Sep 2, 2003 KC Credit Union MN Firefly Federal Credit Union
Sep 2, 2003 San Antonio Women's Credit Union TX Select Federal Credit Union
Sep 2, 2003 Heartland Credit Union IA Greater Iowa Credit Union
Sep 1, 2003 Citifinancial, Inc. 486, LLC MD Citifinancial, INC.<OH>
Sep 1, 2003 Citifinancial Services, Inc. 384, LLC MD Cfna Receivables (Pa), Inc.
Sep 1, 2003 Indianapolis Railroad Employees Credit Union IN Indiana Members Credit Union
Sep 1, 2003 Arapahoe County Funding Company CO Capitol Bancorporation, Inc.
Sep 1, 2003 Postal 1st Credit Union UT Utah First Federal Credit Union
Sep 1, 2003 United Savings and Loan Bank WA WaFd Bank
Sep 1, 2003 E F I Employees Credit Union WI Shipbuilders Credit Union
Sep 1, 2003 Arapahoe Bank and Trust CO First National Bank
Sep 1, 2003 Members Edge Federal Credit Union PA Pittsburgh Federal Credit Union
Sep 1, 2003 Associated Metro Federal Credit Union MI Village Community Credit Union
Sep 1, 2003 Friendly Credit Union AL Navigator Federal Credit Union
Sep 1, 2003 Rainbow Credit Union KS Ark Valley Credit Union
Sep 1, 2003 U.S. Trust Company of Florida, National Association FL U.S. Trust Company, National Association
Sep 1, 2003 Teamsters Credit Union WA Seattle Metropolitan Credit Union
Aug 30, 2003 Corwith State Bank IA Iowa State Bank
Aug 30, 2003 Centennial Bank NC Vantagesouth Bank
Aug 30, 2003 Baldwin Bancshares, Inc. GA GB&T Bancshares, Inc.
Aug 30, 2003 Citibank (New York State) NY Citibank, N.A.
Aug 29, 2003 Fifth Third Processing Solutions OH Fifth Third Bank, N.A.
Aug 29, 2003 Corwith State Bancshares, Inc. IA Corwith State Bank
Aug 29, 2003 Security Bankshares, Inc. TX City Delaware Bancorp, Inc.
Aug 29, 2003 Community National Bank of Grand Forks ND Community Bank of the Red River Valley
Aug 28, 2003 Carlyle and Company Credit Union NC Truliant Federal Credit Union
Aug 26, 2003 Asiana Bank CA Nara Bank
Aug 25, 2003 CSB Financial Corp. NJ Lakeland Bancorp, Inc.
Aug 25, 2003 Community State Bank NJ Lakeland Bank
Aug 23, 2003 Southern Community Bank, Atlantic FL Trustmark Bank
Aug 23, 2003 Verdugo Banking Company CA Banc of California
Aug 21, 2003 B.M.G. Credit Union, Inc. CT McKesson Federal Credit Union
Aug 21, 2003 Hume Bancshares, Inc. MO Hume Bancshares Acquisition Corp
Aug 18, 2003 Dicey Federal Credit Union NC Truliant Federal Credit Union
Aug 16, 2003 Secured Trust Bank TX Community Bank & Trust, S.S.B.
Aug 16, 2003 Marine National Bank of Naples FL Old Florida Bank
Aug 16, 2003 Marine Bancshares, Inc. FL Old Florida Bankshares, Inc.
Aug 16, 2003 WB&T Delaware Bancshares, Inc. DE Inwood Bancshares, Inc.
Aug 16, 2003 WB&T Bancshares, Inc. TX Inwood Bancshares, Inc.
Aug 16, 2003 Western Bank & Trust TX Inwood National Bank
Aug 13, 2003 F&M Bancorp MD Mercantile Bankshares Corporation
Aug 12, 2003 Carr-Lowrey Employees Federal Credit Union MD State Employees Credit Union of Maryland Inc.
Aug 11, 2003 Albany Community Development Federal Credit Union NY Broadview Federal Credit Union
Aug 11, 2003 Border State Bank MN Border 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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