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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
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
Jan 22, 2003 FRB Simmons First Bank of Russellville Civil Money Penalty $1,500: Simmons First Bank of Russellville, Russellville, AR
Jan 22, 2003 FRB (individual) Civil Money Penalty $2,000: Central State Bank, Calera, AL
Jan 22, 2003 FRB The Bank of Yellville Civil Money Penalty $1,750: The Bank of Yellville, Yellville, AR
Jan 21, 2003 OCC Pacific National Bank Prohibition/Removal Orders: McIntyre-Kolpin, Melinda
Jan 21, 2003 OCC Pacific National Bank Civil Money Penalty (CMP): McIntyre-Kolpin, Melinda
Jan 17, 2003 OCC First National Bank in Brookings Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank in Brookings
Jan 17, 2003 OCC First National Bank in Brookings C&D or PC&D Requiring Restitution: First National Bank in Brookings
Jan 13, 2003 OCC First National Bank of Osceola County Formal Agreement: First National Bank of Osceola County
Jan 6, 2003 OCC Norwest Bank New Mexico, National Association Prohibition/Removal Orders: Jessep, Markus A.
Jan 6, 2003 OCC Citizens National Bank & Trust of Hazard Prohibition/Removal Orders: Gorman, Dewey
Jan 6, 2003 OCC Citizens National Bank & Trust of Hazard Civil Money Penalty (CMP): Gorman, L.D.
Jan 6, 2003 OCC Citizens National Bank & Trust of Hazard Civil Money Penalty (CMP): Gorman, Dewey
Jan 6, 2003 OCC Norwest Bank New Mexico, National Association C&D or PC&D Requiring Restitution: Jessep, Markus A.
Jan 6, 2003 OCC Citizens National Bank & Trust of Hazard Prohibition/Removal Orders: Gorman, L.D.

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