Skip to main content

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
May 21, 2003 Golden Sands Bankshares, Inc. WI Feb Bancshares, Inc.
May 20, 2003 Inland Container Employees Credit Union TN Happy Valley Credit Union
May 17, 2003 Citizens Savings Bank and Trust Company VT Union Bank
May 17, 2003 First County Bank PA Univest Bank and Trust Co.
May 17, 2003 Carolina Community Bank, National Association SC First Bank
May 16, 2003 South Holland Trust & Savings Bank IL MB Financial Bank, National Association
May 16, 2003 Montana First National Bancorporation MT First National Bancorp, Inc.
May 16, 2003 Metropolitan Bank and Trust Company OH SKY Bank
May 15, 2003 Bank One, Oklahoma, National Association OK Bank One, National Association
May 15, 2003 Bank One, Kentucky, National Association KY Bank One, National Association
May 14, 2003 First State Bank of Heyworth IL First State Bank of Bloomington
May 12, 2003 First National Bank MN Border Bank
May 9, 2003 Kentucky Bancshares, Inc. KY Peoples Bancorp Inc.
May 9, 2003 Kentucky Bank & Trust KY Peoples Bank
May 8, 2003 Southwest State Corporation OK Southwest State Bank
May 8, 2003 Wichita Bancshares, Inc. OK Bank of the Wichitas
May 6, 2003 Abrams Centre National Bank TX Prosperity Bank
May 5, 2003 Marion Federal Credit Union OH United Federal Credit Union
May 3, 2003 Community Financial Services, Inc. TN CBS BANC-CORP.
May 3, 2003 Baptist Medical Center Credit Union FL Alive Credit Union
May 3, 2003 Hancock County Bank & Trust IA Liberty Bank, F.S.B.
May 1, 2003 (unnamed) — Interaudi Bank
May 1, 2003 First Georgia Holding, Inc. GA United Community Banks, Inc.
May 1, 2003 Bridge View Bancorp NJ Interchange Financial Services Corporation
May 1, 2003 Bridge View Bank NJ Interchange Bank
May 1, 2003 Marked Tree Bancshares, Inc. AR Pocahontas Bancorp, Inc.
May 1, 2003 Allen Bancshares, Inc. OK Farmers State Bank, Allen, Oklahoma
May 1, 2003 Dal-Gold Federal Credit Union OR First Community Credit Union
May 1, 2003 Highland Lakes Bank TX Franklin Bank, S.S.B.
May 1, 2003 Franklin Media Credit Union CA Meriwest Credit Union
May 1, 2003 Marked Tree Bank AR Iberiabank FSB
May 1, 2003 First Commonwealth Bank VA The First Bank and Trust Company
May 1, 2003 Los Robles Federal Credit Union CA Ventura County Credit Union
May 1, 2003 Boone County Community Credit Union IA MEMBERS1ST Community Credit Union
May 1, 2003 Goldsboro Firemens Credit Union NC First Carolina People's Credit Union
May 1, 2003 First Georgia Bank GA United Community Bank
May 1, 2003 New Hampshire Food Industry Credit Union NH St. Mary's Bank Credit Union
May 1, 2003 North Central Credit Union WA Numerica Credit Union
May 1, 2003 Canco Maryland Federal Credit Union MD Triple C 16 Federal Credit Union
May 1, 2003 Durham Veterans Administration Credit Union NC Vision Financial Federal Credit Union
May 1, 2003 MEMBERS1ST Credit Union IA MEMBERS1ST Community Credit Union
Apr 30, 2003 Metropolitan Financial Corporation OH SKY Financial Group, Inc.
Apr 30, 2003 Larue Bancshares, Inc. KY Citizens Union Bancorp of Shelbyville, Inc.
Apr 30, 2003 Banc of America Retirement Management, Inc. GA NB Holdings Corporation
Apr 30, 2003 Moraine Valley Federal Credit Union IL New Century Federal Credit Union
Apr 30, 2003 Elyria City Employees Credit Union, Inc. OH Achieve Credit Union, Inc.
Apr 28, 2003 Chowan Credit Union NC Generations Community Credit Union
Apr 26, 2003 LBA Savings Bank LA Iberiabank
Apr 26, 2003 Admiralty Bancorp, Inc. FL RBC Bank (USA)
Apr 26, 2003 Admiralty Bank FL RBC Bank (USA)

The list holds 500 of the 751 mergers recorded for 2003.

Enforcement Actions in 2003

Action date Agency Institution Action
Apr 1, 2003 OCC Whitaker Bank, Inc C&D or PC&D Requiring Restitution: Warfield, Wallace
Apr 1, 2003 OCC Whitaker Bank, Inc Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Whitaker, Jack
Mar 31, 2003 OCC The National State Bank of Metropolis Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Summers, Mary Rebecca
Mar 31, 2003 OCC The National State Bank of Metropolis Prohibition/Removal Orders: Abell, Rick
Mar 31, 2003 OCC Americana National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Americana National Bank
Mar 26, 2003 FRB Fifth Third Bancorp Written Agreement: Fifth Third Bancorp, Cincinnati, OH and Fifth Third Bank, Cincinnati, OH
Mar 25, 2003 OCC HSBC Bank Nevada, N.A. Formal Agreement: Household Bank (SB), National Association
Mar 24, 2003 FRB (individual) Written Agreement: Premier Bank, Denver, CO
Mar 22, 2003 OCC First Financial Bank, N.A. Civil Money Penalty (CMP): Terre Haute First National Bank
Mar 20, 2003 OCC The Lake Bank, National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Lake Bank, National Association
Mar 19, 2003 OCC JPMorgan Chase Bank, N.A. Prohibition/Removal Orders: Webb, Wendy A.
Mar 18, 2003 OCC (individual) Formal Agreement: Farmers National Bank
Mar 17, 2003 OCC (individual) Civil Money Penalty (CMP): Cleveland, Charles
Mar 17, 2003 OCC (individual) Civil Money Penalty (CMP): Hobgood, Robert C.
Mar 13, 2003 FRB Barnes Banking Company Written Agreement: Barnes Banking Company, Kaysville, UT
Mar 10, 2003 FRB (individual) Civil Money Penalty $17,150.00: First Bank, Creve Coeur, MO
Mar 3, 2003 FRB MSB Shares, Inc. Prohibition from Banking: Terry Frierson
Mar 3, 2003 FRB First Western Bank Cease and Desist Order: James C. Agee
Mar 3, 2003 FRB MSB Shares, Inc. Cease and Desist Order: Terry Frierson
Mar 1, 2003 FRB (individual) Written Agreement: Midstate Bancorp, Inc., Hinton, OK
Mar 1, 2003 FRB (individual) Written Agreement: Legacy Bank, Hinton, OK
Feb 28, 2003 OCC_OTS Union Federal Bank of Indianapolis Orders of Removal/Prohibition: Lorraine Wick
Feb 24, 2003 FRB First Western Bank Cease and Desist Order: Dale Skrobot
Feb 24, 2003 OCC_OTS First Heights Bank, FSB Supervisory Agreement: First Heights Bank, a FSB
Feb 24, 2003 FRB First Western Bank Cease and Desist Order: Michael Sahlgren
Feb 24, 2003 FRB First Western Bank Cease and Desist Order: Betty Skrobot
Feb 18, 2003 OCC Surety Capital Corporation Formal Agreement: Surety Bank, National Association
Feb 14, 2003 OCC American Investment Bank, N.A. Formal Agreement: American Investment Bank, National Association
Feb 13, 2003 FRB Key Bank N.A. Prohibition from Banking: Cynthia Rowe
Feb 13, 2003 OCC KeyBank N.A. Prohibition/Removal Orders: Rowe, Cynthia
Feb 13, 2003 FRB (individual) Prohibition from Banking: Marian L. Butler
Feb 13, 2003 OCC_OTS Teche Holding Company Orders of Removal/Prohibition: Daun T. Barras
Feb 12, 2003 OCC Wells Fargo Bank, N.A. Prohibition/Removal Orders: Butler, Marian L.
Feb 11, 2003 OCC First National Bank of Northern Kentucky Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of Northern Kentucky
Feb 4, 2003 OCC (individual) Formal Agreement: Bank of Communications Co., Ltd - New York Branch
Feb 4, 2003 OCC First National Bank of Lucedale C&D or PC&D Requiring Restitution: Howell, Vernon E.
Jan 31, 2003 OCC_OTS Metropolitan Bank & Trust Company Orders of Removal/Prohibition: Robert M. Kaye
Jan 31, 2003 OCC The Park Avenue Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Park Avenue Bank, National Association
Jan 31, 2003 OCC_OTS Metropolitan Bank & Trust Company Cease and Desist: Robert M. Kaye
Jan 30, 2003 OCC Peoples National Bank Civil Money Penalty (CMP): Peoples National Bank
Jan 30, 2003 OCC Peoples National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Peoples National Bank
Jan 29, 2003 OCC Peoples National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Peoples National Bank
Jan 29, 2003 FRB Premier Financial Bancorp, Inc. Written Agreement: Premier Financial Bancorp, Inc.Huntington, WV
Jan 29, 2003 OCC The First National Bank of Littlefield Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Littlefield
Jan 29, 2003 OCC The First National Bank of Littlefield Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Lee, James T.
Jan 24, 2003 OCC Cumberland Valley National Bank & Trust Company Civil Money Penalty (CMP): Cumberland Valley National Bank & Trust Company
Jan 23, 2003 OCC (individual) Formal Agreement: Franklin National Bank
Jan 23, 2003 OCC The Farmers and Merchants National Bank of Nashville Formal Agreement: The Farmers and Merchants National Bank of Nashville
Jan 23, 2003 OCC First National Bank of Osceola County Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Davidson, Jackie
Jan 22, 2003 FRB La Salle State Bank Civil Money Penalty $3,150: La Salle State Bank, La Salle, IL

Browse adjacent years: 2002 · 2004

Or jump to a category: Failures · Mergers · Enforcement · Assistance