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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
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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