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 | Assets |
|---|---|---|
| Nov 14, 2003 | Pulaski Savings Bank | $8.5M |
| May 9, 2003 | The First National Bank of Blanchardville | $34.5M |
| Feb 7, 2003 | Southern Pacific Bank | $904.3M |
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 | Acquirer |
|---|---|---|
| Sep 3, 2003 | Tejas Force, Inc. | Ibid, Inc. |
| Sep 3, 2003 | Tejas Bancshares, Inc. | Ibid, Inc. |
| Sep 2, 2003 | Mountain State Federal Credit Union | Altana Federal Credit Union |
| Sep 2, 2003 | State Bank of Moorhead | Bell Bank |
| Sep 2, 2003 | Fort Hood Military Federal Credit Union | Pentagon Federal Credit Union |
| Sep 2, 2003 | State Bank of West Fargo | Bell Bank |
| Sep 2, 2003 | KC Credit Union | Firefly Federal Credit Union |
| Sep 2, 2003 | San Antonio Women's Credit Union | Select Federal Credit Union |
| Sep 2, 2003 | Heartland Credit Union | Greater Iowa Credit Union |
| Sep 1, 2003 | Citifinancial, Inc. 486, LLC | Citifinancial, INC.<OH> |
| Sep 1, 2003 | Citifinancial Services, Inc. 384, LLC | Cfna Receivables (Pa), Inc. |
| Sep 1, 2003 | Indianapolis Railroad Employees Credit Union | Indiana Members Credit Union |
| Sep 1, 2003 | Arapahoe County Funding Company | Capitol Bancorporation, Inc. |
| Sep 1, 2003 | Postal 1st Credit Union | Utah First Federal Credit Union |
| Sep 1, 2003 | United Savings and Loan Bank | WaFd Bank |
| Sep 1, 2003 | E F I Employees Credit Union | Shipbuilders Credit Union |
| Sep 1, 2003 | Arapahoe Bank and Trust | First National Bank |
| Sep 1, 2003 | Members Edge Federal Credit Union | Pittsburgh Federal Credit Union |
| Sep 1, 2003 | Associated Metro Federal Credit Union | Village Community Credit Union |
| Sep 1, 2003 | Friendly Credit Union | Navigator Federal Credit Union |
| Sep 1, 2003 | Rainbow Credit Union | Ark Valley Credit Union |
| Sep 1, 2003 | U.S. Trust Company of Florida, National Association | U.S. Trust Company, National Association |
| Sep 1, 2003 | Teamsters Credit Union | Seattle Metropolitan Credit Union |
| Aug 30, 2003 | Corwith State Bank | Iowa State Bank |
| Aug 30, 2003 | Centennial Bank | Vantagesouth Bank |
| Aug 30, 2003 | Baldwin Bancshares, Inc. | GB&T Bancshares, Inc. |
| Aug 30, 2003 | Citibank (New York State) | Citibank, N.A. |
| Aug 29, 2003 | Fifth Third Processing Solutions | Fifth Third Bank, N.A. |
| Aug 29, 2003 | Corwith State Bancshares, Inc. | Corwith State Bank |
| Aug 29, 2003 | Security Bankshares, Inc. | City Delaware Bancorp, Inc. |
| Aug 29, 2003 | Community National Bank of Grand Forks | Community Bank of the Red River Valley |
| Aug 28, 2003 | Carlyle and Company Credit Union | Truliant Federal Credit Union |
| Aug 26, 2003 | Asiana Bank | Nara Bank |
| Aug 25, 2003 | CSB Financial Corp. | Lakeland Bancorp, Inc. |
| Aug 25, 2003 | Community State Bank | Lakeland Bank |
| Aug 23, 2003 | Southern Community Bank, Atlantic | Trustmark Bank |
| Aug 23, 2003 | Verdugo Banking Company | Banc of California |
| Aug 21, 2003 | B.M.G. Credit Union, Inc. | McKesson Federal Credit Union |
| Aug 21, 2003 | Hume Bancshares, Inc. | Hume Bancshares Acquisition Corp |
| Aug 18, 2003 | Dicey Federal Credit Union | Truliant Federal Credit Union |
| Aug 16, 2003 | Secured Trust Bank | Community Bank & Trust, S.S.B. |
| Aug 16, 2003 | Marine National Bank of Naples | Old Florida Bank |
| Aug 16, 2003 | Marine Bancshares, Inc. | Old Florida Bankshares, Inc. |
| Aug 16, 2003 | WB&T Delaware Bancshares, Inc. | Inwood Bancshares, Inc. |
| Aug 16, 2003 | WB&T Bancshares, Inc. | Inwood Bancshares, Inc. |
| Aug 16, 2003 | Western Bank & Trust | Inwood National Bank |
| Aug 13, 2003 | F&M Bancorp | Mercantile Bankshares Corporation |
| Aug 12, 2003 | Carr-Lowrey Employees Federal Credit Union | State Employees Credit Union of Maryland Inc. |
| Aug 11, 2003 | Albany Community Development Federal Credit Union | Broadview Federal Credit Union |
| Aug 11, 2003 | Border State Bank | Border Bank |
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 |
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