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 |
|---|---|---|
| Oct 1, 2006 | State Farm Northeast Federal Credit Union | State Farm Federal Credit Union |
| Oct 1, 2006 | State Farm Southern Federal Credit Union | State Farm Federal Credit Union |
| Oct 1, 2006 | Citibank Texas, National Association | Citibank, N.A. |
| Oct 1, 2006 | C.P. Burnett & Sons, Inc. | Midwest Community Bancshares, Inc. |
| Oct 1, 2006 | Citizens Development Company | Glacier Bancorp, Inc. |
| Oct 1, 2006 | Firstier Bancorp I | Firstier Bancorp |
| Oct 1, 2006 | Embeco Credit Union | Premier Source Credit Union |
| Oct 1, 2006 | Citizens State Bank | German American Bank |
| Oct 1, 2006 | State Farm Central Federal Credit Union | State Farm Federal Credit Union |
| Oct 1, 2006 | Michigan Federal Credit Union | Tri-Pointe Community Credit Union |
| Oct 1, 2006 | Tri Valley Community Federal Credit Union | Vocal Credit Union |
| Oct 1, 2006 | State Farm Great Western Federal Credit Union | State Farm Federal Credit Union |
| Oct 1, 2006 | Se Family Federal Credit Union | Freedom Credit Union |
| Oct 1, 2006 | Cal-Cen Federal Credit Union | Carepoint Federal Credit Union |
| Oct 1, 2006 | Home Building Savings Bank, F.S.B. | First Federal Savings Bank |
| Oct 1, 2006 | State Farm Heartland Federal Credit Union | State Farm Federal Credit Union |
| Oct 1, 2006 | Elevator Employees Federal Credit Union | Glass City Federal Credit Union |
| Oct 1, 2006 | United Federal Credit Union | United Federal Credit Union |
| Oct 1, 2006 | State Farm Texas Federal Credit Union | State Farm Federal Credit Union |
| Oct 1, 2006 | Peoples Bank | German American Bank |
| Oct 1, 2006 | Lever United Community Credit Union | Municipal Employees Credit Union of Baltimore, Inc |
| Oct 1, 2006 | Littelfuse Employees Credit Union | Vamco Credit Union |
| Oct 1, 2006 | First National Bank of Wiggins | The First Bank |
| Oct 1, 2006 | Eastern Credit Union, Inc. | Golden Circle Credit Union, Inc. |
| Oct 1, 2006 | State Farm California Federal Credit Union | State Farm Federal Credit Union |
| Oct 1, 2006 | Greater Houston Federal Credit Union | Houston Federal Credit Union |
| Oct 1, 2006 | Sourceone Federal Credit Union | Firefly Federal Credit Union |
| Oct 1, 2006 | C. P. Burnett & Sons, Bankers | First Southern Bank |
| Oct 1, 2006 | Brecksville School Employees Credit Union | Emerald Credit Union, Inc. |
| Oct 1, 2006 | Citicorp Trust, National Association | Citibank, N.A. |
| Oct 1, 2006 | State Farm Pacific Northwest Federal Credit Union | State Farm Federal Credit Union |
| Oct 1, 2006 | First American Bank | German American Bank |
| Oct 1, 2006 | Members First Federal Credit Union | Transcend Credit Union |
| Oct 1, 2006 | State Farm Mid-Atlantic Federal Credit Union | State Farm Federal Credit Union |
| Oct 1, 2006 | South Omaha Federal Credit Union | Centris Federal Credit Union |
| Oct 1, 2006 | Charles River Federal Credit Union | First Technology Federal Credit Union |
| Oct 1, 2006 | North Central West Virginia Ibew Federal Credit Union | Morgantown a E S Federal Credit Union |
| Oct 1, 2006 | Citibank (Delaware) | Citibank, N.A. |
| Oct 1, 2006 | Citibank (Nevada), National Association | Citibank (South Dakota), N.A. |
| Oct 1, 2006 | Mercy Health Center Federal Credit Union | The Focus Federal Credit Union |
| Oct 1, 2006 | Rochester Gauges Federal Credit Union | Mobility Credit Union |
| Oct 1, 2006 | South Coast Community Federal Credit Union | Wescom Central Credit Union |
| Oct 1, 2006 | Gateway Credit Union | Westerra Credit Union |
| Oct 1, 2006 | State Farm Florida Reg Office Federal Credit Union | State Farm Federal Credit Union |
| Oct 1, 2006 | Merit Federal Credit Union | Tri Boro Federal Credit Union |
| Oct 1, 2006 | Saint Lucie Community Credit Union | Guardians Credit Union |
| Oct 1, 2006 | Pan Am Horizons Federal Credit Union | Power Financial Credit Union |
| Oct 1, 2006 | Hillcrest Community Credit Union | Cardinal Credit Union, Inc. |
| Oct 1, 2006 | Oregon Independent Federal Credit Union | Oregonians Credit Union |
| Oct 1, 2006 | Inland Counties Postal Credit Union | Priority One Credit Union |
The list holds 500 of the 862 mergers recorded for 2006.
Enforcement Actions in 2006
| Action date | Agency | Institution | Action |
|---|---|---|---|
| May 9, 2006 | OCC_OTS | Homestead Bancorp Trust I | Orders of Removal/Prohibition: Christy C. Antczak |
| May 9, 2006 Released May 10, 2006 | FRB | (individual) | Civil Money Penalty $16,350: United Bank, Parkersburg, WV |
| Apr 28, 2006 | OCC | Old Missouri Bank | Formal Agreement: Old Missouri National Bank |
| Apr 27, 2006 | OCC_OTS | Bankatlantic | Cease and Desist: BankAtlantic |
| Apr 27, 2006 | OCC_OTS | Bankatlantic | Civil Money Penalty: BankAtlantic |
| Apr 26, 2006 | OCC | Wells Fargo Bank, N.A. | C&D or PC&D Requiring Restitution: Owens, Konya M. |
| Apr 26, 2006 | OCC | (individual) | Prohibition/Removal Orders: Gast, Katherine |
| Apr 26, 2006 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Owens, Konya M. |
| Apr 26, 2006 | OCC | (individual) | Civil Money Penalty (CMP): Gast, Katherine |
| Apr 26, 2006 | OCC | Temecula Valley Bank | Prohibition/Removal Orders: Martins, Brenda K. |
| Apr 25, 2006 Released May 19, 2006 | FRB | Texas State Bank | Written Agreement: Texas State Bank, McAllen, TX |
| Apr 24, 2006 | OCC_OTS | First Federal Community Bank of Bucyrus | Civil Money Penalty: First Federal Community Bank of Bucyrus |
| Apr 21, 2006 Released Apr 24, 2006 | FRB | (individual) | Written Agreement: The Bank of New York, New York, NY |
| Apr 20, 2006 Released Apr 24, 2006 | FRB | Allfirst Trust Company N.A. | Prohibition from Banking: Robert Ray |
| Apr 20, 2006 | OCC | Bangkok Bank Public Company Limited | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bangkok Bank Public Company Limited |
| Apr 20, 2006 Released Apr 24, 2006 | FRB | Allfirst Trust Company N.A. | Prohibition from Banking: David Cronin |
| Apr 19, 2006 | OCC_OTS | Century Financial Services Corporation | Supervisory Agreement: Century Financial Services Corp |
| Apr 18, 2006 | OCC_OTS | Home Building and Loan Company | Civil Money Penalty: The Home Building and Loan Company |
| Apr 14, 2006 | OCC_OTS | Athens Federal Community Bank | Orders of Removal/Prohibition: Martha Harris |
| Apr 13, 2006 | OCC | (individual) | Civil Money Penalty (CMP): Wolff, Myron |
| Apr 13, 2006 | OCC | Home National Bank | Civil Money Penalty (CMP): Norris, Gary P. |
| Apr 13, 2006 | OCC | Home National Bank | Prohibition/Removal Orders: Norris, Gary P. |
| Apr 13, 2006 | OCC | (individual) | Prohibition/Removal Orders: Wolff, Myron |
| Apr 12, 2006 Released Apr 24, 2006 | FRB | Sella Holding Banca S.P.A. | Written Agreement: Sella Holding Banca, S.p.A., Biella, Italy and Sella Holding Banca, S.p.A. d/b/a … |
| Apr 12, 2006 | OCC_OTS | Guaranty Bank | Termination of Cease and Desist: Guaranty Bank |
| Apr 10, 2006 | OCC_OTS | United Trust Bank | Cease and Desist: United Trust Bank |
| Apr 10, 2006 | OCC | Fort Knox National Bancorp, Inc. | Civil Money Penalty (CMP): Fort Knox National Bank |
| Apr 4, 2006 | OCC | First Liberty National Bank | Formal Agreement: First Liberty National Bank |
| Apr 4, 2006 | OCC | The Lake Bank, National Association | Prohibition/Removal Orders: Kell, Thomas P. |
| Apr 4, 2006 | OCC | The Lake Bank, National Association | Civil Money Penalty (CMP): Kell, Thomas P. |
| Apr 4, 2006 | OCC_OTS | Standard Bank | Termination of Cease and Desist: Standard Bank |
| Mar 30, 2006 | OCC | First Fidelity Bank | Civil Money Penalty (CMP): First Fidelity Bank, National Association |
| Mar 30, 2006 | OCC | First North American National Bank | Civil Money Penalty (CMP): Moseri, Onyeacholem |
| Mar 28, 2006 | OCC | Douglass National Bank | Formal Agreement: Douglass National Bank |
| Mar 24, 2006 | OCC | Metropolitan Bank & Trust Company | Civil Money Penalty (CMP): Metropolitan Bank and Trust Company |
| Mar 23, 2006 | FRB | First North American National Bank | Prohibition from Banking: Oyeacholem Moseri |
| Mar 23, 2006 | OCC | First North American National Bank | Prohibition/Removal Orders: Moseri, Onyeacholem |
| Mar 16, 2006 Released Mar 17, 2006 | FRB | Doral Financial Corporation | Cease and Desist Order: Doral Financial Corporation, San Juan, Puerto Rico |
| Mar 16, 2006 Released Mar 17, 2006 | FRB | (individual) | Cease and Desist Order: First BanCorp, Santruce, Puerto Rico |
| Mar 16, 2006 Released Mar 17, 2006 | FRB | (individual) | Cease and Desist Order: R&G Financial Corporation, Hato Rey, San Juan, Puerto Rico |
| Mar 13, 2006 | OCC_OTS | Northwest Bank | Orders of Removal/Prohibition: Roger B. Lewis |
| Mar 8, 2006 | FRB | Asian Financial Corporation | Cease and Desist Order: Asian Financial Corporation, Philadelphia, PA and Asian Bank, Philadelphia, PA |
| Feb 28, 2006 | OCC | The First National Bank of Brewster | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Brewster |
| Feb 27, 2006 | OCC_OTS | Liberty Trust Company | Orders of Removal/Prohibition: Francis L. Miller |
| Feb 27, 2006 | OCC | Wells Fargo Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): O'Brien, Patrick M. |
| Feb 22, 2006 | OCC_OTS | First Federal Community Bank, SSB | Orders of Removal/Prohibition: Kristi B. Robbins |
| Feb 15, 2006 | OCC | Wells Fargo Bank, N.A. | C&D or PC&D Requiring Restitution: Disla, Marvin |
| Feb 15, 2006 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Disla, Marvin |
| Feb 14, 2006 | OCC | New York National Bank | Civil Money Penalty (CMP): Velez, Andrew |
| Feb 13, 2006 | OCC_OTS | First Keystone Financial, Inc. | Supervisory Agreement: First Keystone Financial, Inc. |
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