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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
Jun 14, 2003 The Munford Union Bank TN First Citizens National Bank
Jun 14, 2003 American National Bank NE American National Bank
Jun 14, 2003 Allfirst Trust Company of Pennsylvania, N.A. PA Manufacturers and Traders Trust Company
Jun 14, 2003 Allfirst Trust Company N.A. VA Manufacturers and Traders Trust Company
Jun 14, 2003 Founders Bank MO Bank Midwest, N.A.
Jun 14, 2003 The Peoples State Bank KY Citizens Union Bank of Shelbyville
Jun 13, 2003 Upbancorp, Inc. IL Bridgeview Bancorp, Inc.
Jun 13, 2003 RVB Bancshares, Inc. AR Bank of the Ozarks Inc
Jun 13, 2003 River Valley Bank AR Bank OZK
Jun 13, 2003 (unnamed) — Keystone Bank
Jun 11, 2003 Murfreesboro Bancorp, Inc. TN FB Financial Corporation
Jun 11, 2003 Bank of Murfreesboro TN FirstBank
Jun 9, 2003 Union Planters Bank of Northwest Tennessee FSB TN Union Planters Bank, National Association
Jun 7, 2003 Berean Bank PA Advance Bank
Jun 7, 2003 The Commonwealth Bank VA First Community Bank
Jun 6, 2003 Advance Bancorp, Inc. IL Charter One Financial, Inc.
Jun 5, 2003 Gaylord Employees Tampa Federal Credit Union FL Trax Federal Credit Union
Jun 5, 2003 Gardner Credit Union IL Fort Financial Federal Credit Union
Jun 2, 2003 Charter 1 Bank MO Legends Bank
Jun 2, 2003 Lighthouse Community Bank SC Suntrust Bank
Jun 2, 2003 Efco Federal Credit Union PA Tri County Area Federal Credit Union
Jun 1, 2003 Keystone Historical Federal Credit Union PA Service 1st Federal Credit Union
Jun 1, 2003 BankDallas, SSB TX Prosperity Bank
Jun 1, 2003 (unnamed) — Legacy Banks
Jun 1, 2003 U.S. Trust Company CT U.S. Trust Company, National Association
Jun 1, 2003 Dir Credit Union VA Partners Financial Federal Credit Union
Jun 1, 2003 CM Federal Credit Union NJ New Jersey Community Federal Credit Union
Jun 1, 2003 GBC Employees Federal Credit Union PA Pagoda Federal Credit Union
Jun 1, 2003 Wisconsin Boys School Wales Credit Union WI Prime Financial Credit Union
Jun 1, 2003 Tokheim Employees Credit Union IN Partners 1st Federal Credit Union
Jun 1, 2003 Haymarket Credit Union IL Credit Union 1
Jun 1, 2003 Valley Community Federal Credit Union WA Sound Credit Union
Jun 1, 2003 Worth Community Credit Union IL Northstar Credit Union
Jun 1, 2003 Amana Employees Credit Union IA Community 1st Credit Union
Jun 1, 2003 Saha Credit Union TX Southside Credit Union
Jun 1, 2003 Vernonia Federal Credit Union OR Wauna Federal Credit Union
Jun 1, 2003 N-P Employees Credit Union SC Spero Financial Federal Credit Union
Jun 1, 2003 Steering Federal Credit Union AL Family Security Credit Union
Jun 1, 2003 Bay State Federal Savings Bank MA Compass Bank for Savings
Jun 1, 2003 Ross-Loos Federal Credit Union CA Northrop Grumman Federal Credit Union
May 31, 2003 Clear Lake National Bank TX Lone Star Capital Bank, National Association
May 31, 2003 GCCC, Inc. OH Charter One Bank, National Association
May 31, 2003 Banc Services Corp. OH Wayne Bancorp, Inc.
May 31, 2003 City National Bank and Trust Company, Hastings, Nebraska NE Heritage Bank
May 30, 2003 Great Western Bank SD Great Western Bank
May 24, 2003 The Bank of Laramie, National Association WY The American National Bank
May 24, 2003 CNB Holdings, Inc. VA Mountainbank Financial Corporation
May 24, 2003 Wyoming Bank and Trust Company, National Association WY The American National Bank
May 24, 2003 Stockgrowers State Bank, National Association WY The American National Bank
May 23, 2003 First Colony Bancshares, Inc. GA Main Street Banks, 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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