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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
Aug 8, 2003 Bank One, West Virginia, National Association WV Bank One, National Association
Aug 8, 2003 Farmers Savings Bank IA Kerndt Brothers Savings Bank
Aug 8, 2003 Bank One, Wheeling-Steubenville, National Association WV Bank One, National Association
Aug 6, 2003 Transims Federal Credit Union NY Sunmark Credit Union
Aug 2, 2003 Federation Credit Union PA Eagle One Federal Credit Union
Aug 1, 2003 Sun Country Credit Union NM First Financial Credit Union
Aug 1, 2003 Premier Bancorp, Inc PA Fulton Financial Corporation
Aug 1, 2003 Valley Bancorp, Inc. AZ Marquette Financial Companies
Aug 1, 2003 Ut Student Federal Credit Union OH University of Toledo Federal Credit Union
Aug 1, 2003 Marion County Credit Union FL Gte Federal Credit Union dba Gte Financial
Aug 1, 2003 Greater Grace Temple Federal Credit Union MI Michigan First Credit Union
Aug 1, 2003 Utah Copper Employees Credit Union UT Mountain America Federal Credit Union
Aug 1, 2003 Meadow Brook Employees Federal Credit Union PA Erie Times Employees Federal Credit Union
Aug 1, 2003 U.S. Trust Company of North Carolina NC U.S. Trust Company, National Association
Aug 1, 2003 LC Federal Credit Union PA Scranton Downtown Federal Credit Union
Aug 1, 2003 CambridgePort Bank MA Citizens Bank of Massachusetts
Aug 1, 2003 Pacesetter Credit Union MO United Consumers Credit Union
Aug 1, 2003 Aiea Federal Credit Union HI Hawaiian Financial Federal Credit Union
Jul 31, 2003 Martin County Fidelity Bancshares Company MN Profinium Financial Holdings, Inc.
Jul 31, 2003 Latvian Credit Union MA Tremont Credit Union
Jul 31, 2003 Ukrainian Credit Union WI Educators Credit Union
Jul 31, 2003 Plan Credit Union MA Tremont Credit Union
Jul 30, 2003 First Security Corporation MN Servus Financial Corporation
Jul 25, 2003 Kenwood Savings Bank OH Peoples Community Bank
Jul 25, 2003 First Commerce Bank NC Bank of Granite
Jul 25, 2003 First American Bank MS Liberty Bank and Trust Company
Jul 22, 2003 Fidelity Federal Savings Bank IL Midamerica Bank, FSB
Jul 19, 2003 Hawkeye State Bank IA West Bank
Jul 19, 2003 Today's Bank WA Riverview Bank
Jul 18, 2003 First Choice Community Federal Credit Union CO Bellco Credit Union
Jul 16, 2003 First Commerce Corporation NC Bank of Granite Corporation
Jul 16, 2003 Pend Oreille Bancorp ID Glacier Bancorp, Inc.
Jul 16, 2003 Fall River Herald News Employees Federal Credit Union MA Fall River Municipal Credit Union
Jul 16, 2003 Pend Oreille Bank ID Mountain West Bank
Jul 15, 2003 Central National Investment, Inc. KS Central National Bank
Jul 14, 2003 First State Bank of Emmons MN Security Bank Minnesota
Jul 12, 2003 First Continental Bank CA United Commercial Bank
Jul 12, 2003 Central Sierra Bank CA Central California Bank
Jul 12, 2003 South Carolina Bank and Trust of the Pee Dee, National Association SC South State Bank
Jul 12, 2003 Farmers State Bank of Silver Creek NE Bank of Clarks
Jul 11, 2003 Advance Bank IL Charter One Bank, National Association
Jul 11, 2003 White Plains Teachers Federal Credit Union NY Educational and Governmental Employees Federal Credit Union
Jul 11, 2003 State Bank of Kingsville TX Bank of South Texas
Jul 9, 2003 MSB Shares, Inc. AR Liberty Bancshares, Inc
Jul 4, 2003 Southland Business Bank CA Vineyard Bank, N.A.
Jul 4, 2003 Allfirst Financial Center National Association DE Manufacturers and Traders Trust Company
Jul 2, 2003 First Virginia Banks, Inc. VA Truist Financial Corporation
Jul 2, 2003 Va New England Federal Credit Union MA Hanscom Federal Credit Union
Jul 1, 2003 Daily Times Employees Fcu PA Sun East Federal Credit Union
Jul 1, 2003 Barnard & Burk Federal Credit Union LA Breco 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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