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Calendar Year

2007 in US Banking

1,068 bank events are on record for 2007: 3 failures, 810 mergers or acquisitions involving a bank, credit union or bank holding company, and 255 enforcement actions.

3
Failures
$2.61B in failed assets
810
Mergers
Federal Reserve NIC, banking organizations
255
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings

Jump to: Bank failures 2007 · Bank mergers 2007

How many banks failed in 2007?

3 banks failed in 2007, with $2.61B in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Oct 4, 2007 Miami Valley Bank Lakeview, OH $125.4M The Citizens Banking Company
Sep 28, 2007 Netbank Alpharetta, GA $2.47B ING Bank, FSB
Feb 2, 2007 Metropolitan Savings Bank Pittsburgh, PA $15.8M Allegheny Valley Bank of Pittsburgh

Which banks merged in 2007?

810 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2007.

See the fuller list: Bank mergers 2007 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Dec 31, 2007 Knisely Bank IN The Farmers & Merchants State Bank
Dec 31, 2007 (unnamed) — CIBC National Trust Company
Dec 31, 2007 Capitol Development Bancorp Limited II MI Capitol Bancorp Ltd.
Dec 31, 2007 West Texas Energy Capital Inc TX First West Texas Bancshares, Inc.
Dec 31, 2007 Capitol Development Bancorp Limited I MI Capitol Bancorp Ltd.
Dec 31, 2007 Boone National Bank KY Forcht Bank, N.A.
Dec 31, 2007 PRP National Bank KY Forcht Bank, N.A.
Dec 31, 2007 Black River Country Investments, Inc. WI Black River Country Bank
Dec 31, 2007 Somerset National Bank KY Forcht Bank, N.A.
Dec 31, 2007 First Tennessee Mortgage Services, Inc. TX First Horizon Bank
Dec 31, 2007 Laurel National Bank KY Forcht Bank, N.A.
Dec 31, 2007 First Delaware Bancshares, Inc. DE First West Texas Bancshares, Inc.
Dec 31, 2007 Campbellsville National Bank KY Forcht Bank, N.A.
Dec 31, 2007 Williamsburg National Bank KY Forcht Bank, N.A.
Dec 31, 2007 Knisely Financial Corp. IN Farmers & Merchants Bancorp, Inc.
Dec 31, 2007 Tri-County National Bank KY Forcht Bank, N.A.
Dec 31, 2007 Capitol Credit Union AL Guardian Credit Union
Dec 31, 2007 R S Employees Credit Union IL Northstar Credit Union
Dec 31, 2007 New Spirit Credit Union IL Northstar Credit Union
Dec 31, 2007 Deposit Bank & Trust Co. KY Forcht Bank, N.A.
Dec 31, 2007 Eagle Bank, Inc. KY Forcht Bank, N.A.
Dec 31, 2007 Prichard Federal Credit Union AL New Horizons Credit Union
Dec 29, 2007 Stearns Bank Arizona National Association AZ Stearns Bank N.A.
Dec 29, 2007 Centennial Bancshares Corporation MO Linco Bancshares, Inc.
Dec 28, 2007 INB Delaware Corporation DE INB Financial Corporation
Dec 27, 2007 FNB Southeast Investment Services, Inc. NC NewBridge Bank
Dec 22, 2007 FNB Southeast Mortgage Corporation NC NewBridge Bank
Dec 22, 2007 LSB Investment Services, Inc. NC NewBridge Bank
Dec 21, 2007 The Sycamore National Bank OH LCNB National Bank
Dec 21, 2007 Hambrecht & Quist Group CA JPMorgan Chase & Co.
Dec 19, 2007 WS, Inc. NV Citizens Financial Group, Inc.
Dec 18, 2007 Champaign National Bank OH Civista Bank
Dec 18, 2007 Futura Banc Corporation OH Civista Bancshares, Inc
Dec 17, 2007 Spalding City Corporation NE Citizens National Corporation
Dec 16, 2007 National Penn Mortgage Company PA National Penn Bank
Dec 15, 2007 The Peoples Bank & Trust Company AL BankTrust
Dec 14, 2007 Southern State Bancshares Inc AR Magnolia Banking Corporation
Dec 14, 2007 Cleartran, Inc. NJ BNY Mellon, N.A.
Dec 14, 2007 Penn Securities, Inc. PA National Penn Bank
Dec 14, 2007 Citrus and Chemical Bank FL Colonial Bank
Dec 8, 2007 The Bank IL Prairie State Bank & Trust
Dec 8, 2007 UMB Bank, Warsaw, National Association MO UMB Bank, N.A.
Dec 8, 2007 The Farmers and Merchants State Bank of Virden, Illinois IL Prairie State Bank & Trust
Dec 6, 2007 Pinnacle Mortgage Corporation OK Central Bank of Oklahoma
Dec 5, 2007 First National Bank of Forsyth County GA The Buckhead Community Bank
Dec 5, 2007 Allied Bancshares, Inc. GA Buckhead Community Bancorp, Inc.
Dec 5, 2007 Intra Financial Corp. KS Ifc Acquisition Corp
Dec 4, 2007 Plumbers Local Credit Union CO Electrical Federal Credit Union
Dec 4, 2007 Citrus & Chemical Bancorporation, Inc. FL The Colonial Bancgroup, Inc.
Dec 2, 2007 Base Works Federal Credit Union OH Port Conneaut Federal Credit Union

The list holds 500 of the 810 mergers recorded for 2007.

Enforcement Actions in 2007

Action date Agency Institution Action
Dec 31, 2007 OCC_OTS Greeneville Federal Bank, F.S.B. Termination of Cease and Desist: Greeneville Federal Bank, FSB
Dec 27, 2007 OCC Liberty National Bank Formal Agreement: Liberty National Bank
Dec 21, 2007
Released Jan 8, 2008		 FRB Commerce Southern Corp. Written Agreement: Southern Bank of Commerce, Paragould, Arkansas
Dec 21, 2007 OCC_OTS Washington Federal Savings and Loan Association Cease and Desist: Washington Federal Savings and Loan Association
Dec 21, 2007 OCC Olmsted National Bank Formal Agreement: Olmsted National Bank
Dec 20, 2007 OCC The First National Bank of Fremont Prohibition/Removal Orders: Walter, Ted
Dec 20, 2007 OCC_OTS Platinum Community Bank Cease and Desist: Platinum Community Bank
Dec 20, 2007 OCC The First National Bank of Fremont Civil Money Penalty (CMP): Walter, Ted
Dec 20, 2007 OCC First Tennessee Bank, National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Taylor, Terry K.
Dec 19, 2007 OCC Terrabank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Gonzalez, Juan
Dec 19, 2007 OCC Terrabank, N.A. Civil Money Penalty (CMP): Gonzalez, Juan
Dec 17, 2007 OCC_OTS Delanco Federal Savings Bank Supervisory Agreement: Delanco Federal Savings Bank
Dec 13, 2007 OCC_OTS Fidelity Savings & Loan Association of Bucks County Termination of Cease and Desist: First Federal Savings and Loan Association of Bucks County
Dec 13, 2007 OCC_OTS Home Building and Loan Company Supervisory Agreement: Home Building and Loan Company
Dec 13, 2007 OCC (individual) Formal Agreement: First National Bank
Dec 13, 2007 OCC The Citizens National Bank of Somerset Formal Agreement: The Citizens National Bank of Somerset
Dec 12, 2007 FRB Eureka Bancshares, Inc. Modifications: John F. Cross
Dec 7, 2007 OCC The First National Bank of Bellevue Civil Money Penalty (CMP): Luhring, Roger A.
Dec 7, 2007 OCC The First National Bank of Bellevue Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Luhring, Roger A.
Dec 6, 2007 OCC The First National Bank of Fremont Civil Money Penalty (CMP): Schimmele, David
Dec 3, 2007 OCC LaSalle Bank Midwest National Association Civil Money Penalty (CMP): Yesh, Kathy A.
Dec 3, 2007 OCC LaSalle Bank Midwest National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Yesh, Kathy A.
Dec 3, 2007 OCC American National Corporation Civil Money Penalty (CMP): Anzalone, Jono
Dec 3, 2007 OCC American National Corporation Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Anzalone, Jono
Nov 30, 2007 OCC_OTS (individual) Termination of Prompt Corrective Action: Mount Morris Savings and Loan Association
Nov 30, 2007 OCC_OTS (individual) Termination of Cease and Desist: Mount Morris Savings and Loan Association
Nov 29, 2007 OCC First National Bank of Shelby County Prohibition/Removal Orders: Harrison, William T.
Nov 29, 2007 OCC First Tennessee Bank, National Association Civil Money Penalty (CMP): Compton, JW
Nov 29, 2007 OCC First Tennessee Bank, National Association Prohibition/Removal Orders: Compton, JW
Nov 19, 2007 OCC Wells Fargo Bank, N.A. Prohibition/Removal Orders: Williams, Oral R.
Nov 19, 2007 OCC Armed Forces Bank of California, National Association Prohibition/Removal Orders: Charfauros, Jessica
Nov 19, 2007 OCC Associated Bank, N.A. Civil Money Penalty (CMP): Associated Bank, National Association
Nov 13, 2007 OCC B2 Bank N.A. Prohibition/Removal Orders: Hemphill, Terri
Nov 13, 2007 OCC B2 Bank N.A. C&D or PC&D Requiring Restitution: Hemphill, Terri
Nov 5, 2007 OCC_OTS Bankatlantic Termination of Cease and Desist: BankAtlantic
Nov 2, 2007 OCC_OTS R-G Crown Bank Termination of Cease and Desist: R-G Crown Bank
Nov 1, 2007
Released Nov 2, 2007		 FRB Farmers and Merchants Bank of Long Beach Civil Money Penalty $9,240: Farmers and Merchants Bank of Long Beach, Long Beach, CA
Oct 31, 2007 OCC_OTS Third Federal Savings and Loan Association Orders of Removal/Prohibition: Nakisa Foster
Oct 26, 2007 OCC_OTS World Savings Bank, FSB Civil Money Penalty: World Savings Bank, FSB
Oct 24, 2007 OCC First National Bank of Lewellen Formal Agreement: First National Bank of Lewellen
Oct 23, 2007 OCC The First National Bank Formal Agreement: The First National Bank
Oct 23, 2007 OCC Capital One, N.A. Prohibition/Removal Orders: Williams, Laterrika
Oct 19, 2007 OCC_OTS Ameribank Cease and Desist: Ameribank
Oct 19, 2007 OCC_OTS R-G Crown Bank Civil Money Penalty: R-G Crown Bank
Oct 18, 2007 OCC National City Corporation Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Navarro, Laila
Oct 18, 2007 OCC First National Bank of Shelby County Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Justice, William R.
Oct 18, 2007 OCC National City Corporation Prohibition/Removal Orders: Navarro, Laila
Oct 18, 2007 OCC First National Bank of Shelby County Prohibition/Removal Orders: Justice, William R.
Oct 18, 2007 OCC National City Corporation Civil Money Penalty (CMP): Navarro, Laila
Oct 18, 2007 OCC First National Bank of Shelby County Civil Money Penalty (CMP): Justice, William R.

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