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