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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
Jul 1, 2003 Columbus Southside Federal Credit Union OH Bmi Federal Credit Union
Jul 1, 2003 Are Fcu PA Superior Credit Union
Jul 1, 2003 United Florists Federal Credit Union CO Metrum Community Credit Union
Jul 1, 2003 T & C Credit Union, Inc. OH Canton School Employees Federal Credit Union
Jul 1, 2003 All-Steel Empl Fcu PA Choice One Community Federal Credit Union
Jul 1, 2003 Blue Flame Credit Union TN Blue Flame Credit Union
Jul 1, 2003 Greensburg Federal Credit Union PA U.A.L.U. 354 Federal Credit Union
Jul 1, 2003 TWH Credit Union MA Metro Credit Union
Jul 1, 2003 Reynolds Federal Credit Union PA Citadel Federal Credit Union
Jul 1, 2003 Mata Federal Credit Union TN Orion Federal Credit Union
Jul 1, 2003 US Customs Service Federal Credit Union DC Treasury Department Federal Credit Union
Jul 1, 2003 Farmland Industries Credit Union MO Communityamerica Federal Credit Union
Jul 1, 2003 Local 453 Maryland Federal Credit Union MD Act 1st Federal Credit Union
Jul 1, 2003 Maxim Bank TX Amegy Bank National Association
Jul 1, 2003 The Savings Bank and Trust Company OH Savings Bank & Trust
Jul 1, 2003 Lancaster First Federal Credit Union OH Lan-Fair Federal Credit Union
Jul 1, 2003 Monterey Bay Bank CA MUFG Union Bank, National Association
Jul 1, 2003 Marion County Teachers Federal Credit Union MS Centuryfirst Federal Credit Union
Jul 1, 2003 West Tex NM Federal Credit Union TX Heritage USA Federal Credit Union
Jul 1, 2003 Texas Steel Employee Credit Union TX MY Credit Union
Jul 1, 2003 West Essex Bank, FSB NJ Kearny Bank
Jul 1, 2003 C P Lutheran Cu PA Belco Community Credit Union
Jul 1, 2003 Kern's London Federal Credit Union KY L&N Federal Credit Union
Jul 1, 2003 The Bank of Yellville AR Arvest Bank
Jul 1, 2003 Gateway Credit Union MI Frankenmuth Credit Union
Jul 1, 2003 Crown Central Credit Union OR Oregonians Credit Union
Jul 1, 2003 Safhoneca Federal Credit Union PA GNC Community Federal Credit Union
Jul 1, 2003 Mountain Bancshares, Inc. AR Arvest Holdings, Inc.
Jul 1, 2003 Johnson Trust Company WI Johnson Bank
Jul 1, 2003 Freedom Trust Company NH First Financial Trust N.A.
Jul 1, 2003 First Bank & Trust TX GNB Financial, National Association
Jul 1, 2003 Mellon Growth Advisors LLC MA Mellon Trust of New England, National Association
Jun 30, 2003 Omal Plant Employees Credit Union, Inc. OH Ohio Valley Community Federal Credit Union
Jun 30, 2003 Comerica Bank - Texas TX Comerica Bank
Jun 30, 2003 Comerica Bank-California CA Comerica Bank
Jun 30, 2003 Riverview Community Employees Credit Union MI Shore to Shore Community Federal Credit Union
Jun 30, 2003 Millbrook Federal Credit Union AR Telcoe Federal Credit Union
Jun 28, 2003 The Farmers and Merchants State Bank KS American State Bank & Trust Company
Jun 28, 2003 American State Bancshares, Inc. KS American State Bancshares, Inc.
Jun 28, 2003 Progressive Bank, N.A. - Buckhannon WV Progressive Bank, N.A.
Jun 28, 2003 The United Banking Company GA Farmers & Merchants Bank
Jun 25, 2003 Mill Creek Bank UT Synchrony Bank
Jun 23, 2003 Industrial Credit Union NC Generations Community Credit Union
Jun 23, 2003 First Colony Bank GA Main Street Bank
Jun 20, 2003 First Federal Savings Bank of Ironton OH Classic Bank
Jun 20, 2003 Security Federal Bank & Trust IN Standard Bank and Trust Company
Jun 20, 2003 Uptown National Bank of Chicago IL Bridgeview Bank Group
Jun 19, 2003 Laguna Bancshares, Inc. TX K&T Financial Corporation
Jun 19, 2003 Laguna Bancshares of Delaware, Inc. DE K&T Financial Corporation
Jun 16, 2003 Citizens Bank and Trust Company IA MidWestOne 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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