Calendar Year
2006 in US Banking
1,134 bank events are on record for 2006: 0 failures, 862 mergers or acquisitions involving a bank, credit union or bank holding company, and 272 enforcement actions.
0
Failures
—
862
Mergers
Federal Reserve NIC, banking organizations
272
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
Jump to: Bank mergers 2006
Which banks merged in 2006?
862 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2006.
See the fuller list: Bank mergers 2006 with largest deals and credit union mergers ›
| Date | Acquired | Acquirer |
|---|---|---|
| Jul 21, 2006 | SterlingSouth Bank & Trust Company | Bank of North Carolina |
| Jul 21, 2006 | (unnamed) | Commerce Bank |
| Jul 19, 2006 | First of Homestead, Inc. | Hometown of Homestead Banking Company |
| Jul 18, 2006 | James Monroe Bank | Mercantile-Safe Deposit and Trust Company |
| Jul 18, 2006 | James Monroe Bancorp, Inc. | Mercantile Bankshares Corporation |
| Jul 15, 2006 | Golden State Bank | Brown County State Bank |
| Jul 15, 2006 | Sound Federal Savings | Hudson City Savings Bank |
| Jul 14, 2006 | Progressive State Bank | New Century Bank South |
| Jul 11, 2006 | Clover Leaf Bank | First Clover Leaf Bank, National Association |
| Jul 10, 2006 | West Carrollton Parchment Employees Credit Union, Inc. | River Valley Credit Union, Inc. |
| Jul 8, 2006 | Metrobank, National Association | Triumph Community Bank, National Association |
| Jul 8, 2006 | Peoples Bank | Kentucky Bank |
| Jul 8, 2006 | Peoples Bancorp of Sandy Hook, Inc. | Kentucky Bancshares, Inc. |
| Jul 7, 2006 | Metrocorp Capital Trust I | Metrobank, National Association |
| Jul 7, 2006 | Metrocorp, Inc. | Metrobank, National Association |
| Jul 5, 2006 | Lynnwood Financial Group, Inc. | Sterling Financial Corporation |
| Jul 5, 2006 | Northstar Bancshares, Inc. | Enterprise Financial Services Corp |
| Jul 4, 2006 | The Bancshares, Inc. | Cbin Subsidiary, Inc. |
| Jul 3, 2006 | Valley Employees Credit Union | TVA Community Credit Union |
| Jul 2, 2006 | Hudmo Valley Federal Credit Union | Capital Communications Federal Credit Union |
| Jul 1, 2006 | Kenesco Credit Union, Inc. | Members Choice Credit Union |
| Jul 1, 2006 | The State Bank | The State Bank |
| Jul 1, 2006 | Sdi Federal Credit Union | Members Credit Union |
| Jul 1, 2006 | Milestone Federal Credit Union | Hanscom Federal Credit Union |
| Jul 1, 2006 | Nebraska Citadel Federal Credit Union | Centris Federal Credit Union |
| Jul 1, 2006 | Moore Federal Credit Union | Alliant Credit Union |
| Jul 1, 2006 | Compass Credit Union | Bellwether Community Credit Union |
| Jul 1, 2006 | Atlantic Liberty Savings, F.A. | Flushing Bank |
| Jul 1, 2006 | Missouri Student Federal Credit Union | West Community Credit Union |
| Jul 1, 2006 | Des Moines Mercy Credit Union | Community Choice Credit Union |
| Jul 1, 2006 | Madison County Georgia Federal Credit Union | Georgia United Credit Union |
| Jul 1, 2006 | Member 1 Credit Union, Incorporated | Superior Credit Union Inc |
| Jul 1, 2006 | Liberty Federal Credit Union | Spero Financial Federal Credit Union |
| Jul 1, 2006 | Genesee First Federal Credit Union | Sagelink Credit Union |
| Jul 1, 2006 | Regional Community Federal Credit Union | Midflorida Credit Union |
| Jul 1, 2006 | The State Bank | Union State Bank |
| Jul 1, 2006 | Well-Tel Federal Credit Union | Emery Federal Credit Union |
| Jul 1, 2006 | Burry Employees Federal Credit Union | Elizabeth, NJ Firemen's Federal Credit Union |
| Jul 1, 2006 | Core One Credit Union | Kemba Financial Credit Union, Inc. |
| Jul 1, 2006 | Midwest Federal Credit Union | McHenry County Federal Credit Union |
| Jul 1, 2006 | Missouri State Bank and Trust Company | Southwest Bank, An M&I Bank |
| Jul 1, 2006 | Hapeville Auto Employees Credit Union | Georgia's Own Credit Union |
| Jul 1, 2006 | West One Federal Credit Union | Keypoint Credit Union |
| Jul 1, 2006 | Scesc Federal Credit Union | Palmetto Citizens Federal Credit Union |
| Jul 1, 2006 | Advantage Credit Union | Marine Credit Union |
| Jul 1, 2006 | Nepco Federal Credit Union | Minnequa Works Credit Union |
| Jul 1, 2006 | Assumption Parish Cleveland Credit Union | Unity Catholic Federal Credit Union |
| Jul 1, 2006 | Cape Fear Credit Union | Self-Help Credit Union |
| Jul 1, 2006 | West Toledo Federal Credit Union | Glass City Federal Credit Union |
| Jul 1, 2006 | Flinchbaugh Credit Union | White Rose Credit Union |
The list holds 500 of the 862 mergers recorded for 2006.
Enforcement Actions in 2006
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Jun 21, 2006 | OCC | First Bank of Arizona, N.A. | Civil Money Penalty (CMP): Busch, Frank W. |
| Jun 21, 2006 | OCC | First Bank of Arizona, N.A. | Civil Money Penalty (CMP): Lamb, R. Patrick |
| Jun 19, 2006 Released Jun 21, 2006 | FRB | Regions Bank | Prohibition from Banking: Trampas B. Riggs |
| Jun 19, 2006 | OCC | First National Bank PLC | Civil Money Penalty (CMP): First National Bank |
| Jun 16, 2006 | OCC | First National Bank in Pawhuska | Formal Agreement: First National Bank in Pawhuska |
| Jun 15, 2006 | OCC | Bank of Indiana, N.A. | Prohibition/Removal Orders: Mobley, Micah J. |
| Jun 9, 2006 | OCC_OTS | Alliance Bancorp | Supervisory Agreement: Alliance, FSB |
| Jun 8, 2006 | OCC | NBT Bank, N.A. | Prohibition/Removal Orders: Mattingly, Lance D. |
| Jun 8, 2006 | OCC | Capital One, N.A. | Prohibition/Removal Orders: Howard, Katherine S. |
| Jun 8, 2006 Released Jun 12, 2006 | FRB | Bank of Tazewell County | Civil Money Penalty $4,000: Bank of Tazewell County, Tazewell, VA |
| Jun 5, 2006 | OCC | First National Company of Tullahoma | Prohibition/Removal Orders: Thoma, Eldon B. "Brac" |
| Jun 5, 2006 | OCC_OTS | Homestead Bancorp Trust I | Supervisory Agreement: Homestead Bank |
| Jun 5, 2006 | OCC | First National Bank of Shelby County | Civil Money Penalty (CMP): Davis, Judy R. |
| Jun 5, 2006 | OCC | First National Company of Tullahoma | Civil Money Penalty (CMP): Thoma, Eldon B. "Brac" |
| Jun 5, 2006 | OCC | First National Bank of Shelby County | Prohibition/Removal Orders: Davis, Judy R. |
| Jun 1, 2006 | OCC | Bank of America, N.A. | Prohibition/Removal Orders: Dange, Brandon |
| Jun 1, 2006 | OCC | Bank of America, N.A. | C&D or PC&D Requiring Restitution: Dange, Brandon |
| May 31, 2006 | OCC | First National Bank of Shelby County | Civil Money Penalty (CMP): Rasco, Russell J. |
| May 31, 2006 | OCC | First National Bank of Shelby County | Civil Money Penalty (CMP): Ferguson, Martha B. |
| May 31, 2006 | OCC | First National Bank of Shelby County | Civil Money Penalty (CMP): Hayes, Robert A. |
| May 31, 2006 | OCC | First National Bank of Shelby County | Prohibition/Removal Orders: Rasco, Russell J. |
| May 30, 2006 | OCC_OTS | Ina Trust, FSB | Cease and Desist: INA Trust, fsb |
| May 30, 2006 | OCC_OTS | Plantation Financial Corporation | Cease and Desist: Plantation FB |
| May 25, 2006 | OCC | Terrabank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Mendieta, Uriel |
| May 25, 2006 | OCC | Terrabank, N.A. | Civil Money Penalty (CMP): Mendieta, Uriel |
| May 25, 2006 | OCC | Terrabank, N.A. | Prohibition/Removal Orders: Mendieta, Uriel |
| May 25, 2006 | OCC | Terrabank, N.A. | C&D or PC&D Requiring Restitution: Mendieta, Uriel |
| May 25, 2006 | OCC_OTS | Union Financial Corporation | Supervisory Agreement: Union Savings Bank |
| May 25, 2006 | OCC_OTS | Century Bank | Supervisory Agreement: Century Bank, FSB |
| May 23, 2006 | OCC | Bank of America, N.A. | C&D or PC&D Requiring Restitution: Lipscomb, Tiffany D. (Holt) |
| May 23, 2006 | OCC | Wells Fargo Bank, N.A. | C&D or PC&D Requiring Restitution: Lipscomb, Tiffany D. (Holt) |
| May 23, 2006 | OCC | First National Bank of Shelby County | Civil Money Penalty (CMP): Tidmore, Joe L. |
| May 23, 2006 | OCC | Bank of America, N.A. | Prohibition/Removal Orders: Lipscomb, Tiffany D. (Holt) |
| May 23, 2006 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Lipscomb, Tiffany D. (Holt) |
| May 23, 2006 | OCC_OTS | Davidson Trust Co. | Termination of Cease and Desist: Davidson Trust Co. |
| May 23, 2006 | OCC_OTS | Dwelling House Savings and Loan Association | Cease and Desist: Dwelling House Savings and Loan Association |
| May 23, 2006 | OCC_OTS | Tierone Bank | Orders of Removal/Prohibition: Sheri M. Bock |
| May 23, 2006 | OCC_OTS | First Federal Bank of North Florida | Civil Money Penalty: First Federal Bank of North Florida |
| May 23, 2006 | OCC_OTS | (individual) | Supervisory Agreement: Lafayette SB |
| May 18, 2006 | OCC | Millennium Bcpbank, N.A. | Formal Agreement: BCPBank, National Association |
| May 18, 2006 | OCC | Pacific National Bank | Prohibition/Removal Orders: Otoya, Patricia A. |
| May 18, 2006 Released May 19, 2006 | FRB | Gulf Bank | Prohibition from Banking: Yolanda Salido |
| May 15, 2006 | OCC_OTS | (individual) | Supervisory Agreement: San Luis Trust Bank, FSB |
| May 12, 2006 | OCC | First National Bank of South Padre Island | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Strong, Ronald E. |
| May 11, 2006 | OCC_OTS | Colombo Bancshares, Inc. | Termination of Cease and Desist: Colombo Bank |
| May 9, 2006 | OCC | Bank of America, N.A. | Prohibition/Removal Orders: Frisbie, Michelle L. |
| May 9, 2006 | OCC | U.S. Bank N.A. | Prohibition/Removal Orders: Frisbie, Michelle L. |
| May 9, 2006 | OCC | Terrabank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Terrabank National Association |
| May 9, 2006 | OCC | U.S. Bank N.A. | C&D or PC&D Requiring Restitution: Frisbie, Michelle L. |
| May 9, 2006 | OCC | Bank of America, N.A. | C&D or PC&D Requiring Restitution: Frisbie, Michelle L. |
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