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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
Oct 17, 2007 OCC_OTS Washington Mutual Bank Cease and Desist: Washington Mutual Bank
Oct 17, 2007 OCC_OTS Washington Mutual Bank Civil Money Penalty: Washington Mutual Bank
Oct 12, 2007 OCC First & Farmers National Bank, Inc. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Shelley, Carla
Oct 10, 2007 OCC The Granville National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Granville National Bank
Oct 9, 2007 OCC_OTS Dearborn Savings Bank Cease and Desist: Dearborn Savings Bank
Oct 9, 2007 OCC_OTS Home Federal Savings Bank Cease and Desist: Home Federal Savings Bank
Oct 9, 2007 OCC_OTS (individual) Cease and Desist: Sheryl A. Crowell
Oct 8, 2007 OCC_OTS Chevy Chase Bank, Federal Savings Bank Orders of Removal/Prohibition: Shantesse Y. White
Sep 28, 2007 OCC Wells Fargo Bank, N.A. Prohibition/Removal Orders: Dulaney, Isaac Demarcus
Sep 25, 2007 OCC First National Bank of Wyoming Formal Agreement: First National Bank of Wyoming
Sep 21, 2007
Released Sep 26, 2007		 FRB Great River Holding Company Written Agreement: Great River Bank & Trust, Davenport, IA
Sep 19, 2007 OCC_OTS Horizon Bank Prompt Corrective Action: Horizon Bank
Sep 14, 2007 OCC Union Bank of California Foundation Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Union Bank of California, National Association
Sep 14, 2007 OCC Union Bank of California Foundation Civil Money Penalty (CMP): Union Bank of California, National Association
Sep 14, 2007 OCC_OTS Sunnyside Federal Savings and Loan Association of Irvington Cease and Desist: Sunnyside FS&LA of Irvington
Sep 12, 2007 OCC LaSalle Bank Midwest National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): O'Toole, Donna J.
Sep 12, 2007 OCC LaSalle Bank Midwest National Association Civil Money Penalty (CMP): O'Toole, Donna J.
Sep 11, 2007 OCC_OTS Fox Chase Bancorp, Inc. Civil Money Penalty: Gregory C. Cipa
Sep 11, 2007 OCC The First National Bank of Saint Ignace Formal Agreement: The First National Bank of St. Ignace
Sep 11, 2007 OCC_OTS Fox Chase Bancorp, Inc. Orders of Removal/Prohibition: Gregory S. Cipa
Sep 10, 2007 OCC Community National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Community National Bank
Sep 4, 2007 OCC Armed Forces Bank of California, National Association Prohibition/Removal Orders: Allen, Tate
Aug 30, 2007 OCC_OTS Downey Savings and Loan Association, F.A. Cease and Desist: Downey Savings and Loan Association, F.A.
Aug 30, 2007 OCC_OTS Ina Trust, FSB Civil Money Penalty: INA Trust, fsb
Aug 29, 2007 OCC Far East Bank & Trust Company Civil Money Penalty (CMP): Far East National Bank
Aug 27, 2007
Released Aug 28, 2007		 FRB Capital City Bank Civil Money Penalty $85,045: Capital City Bank, Tallahassee, Florida
Aug 23, 2007
Released Aug 29, 2007		 FRB (individual) Written Agreement: Premier Bank, Denver, Colorado
Aug 22, 2007 OCC First National Bank of Monahans Formal Agreement: First National Bank of Monahans
Aug 22, 2007 OCC_OTS Hudson City Bancorp, Inc. Orders of Removal/Prohibition: Robert Libby
Aug 21, 2007 OCC First National Bank Civil Money Penalty (CMP): Moffat, David
Aug 21, 2007 OCC Pacific Capital Bancorp Civil Money Penalty (CMP): Pacific Capital Bank, National Association
Aug 20, 2007 OCC The National Bank of Vernon Civil Money Penalty (CMP): Gilbert, Jeffery S.
Aug 15, 2007 OCC LaSalle Bank Midwest National Association Civil Money Penalty (CMP): Feskorn, Margaret S.
Aug 15, 2007 OCC LaSalle Bank Midwest National Association Civil Money Penalty (CMP): Wright, David A.
Aug 15, 2007 OCC LaSalle Bank Midwest National Association Civil Money Penalty (CMP): Schupbach, Dianne M.
Aug 15, 2007 OCC LaSalle Bank Midwest National Association Civil Money Penalty (CMP): Prichard, David R.
Aug 15, 2007 OCC LaSalle Bank Midwest National Association Civil Money Penalty (CMP): Johnson, Carl B.
Aug 15, 2007 OCC LaSalle Bank Midwest National Association Civil Money Penalty (CMP): Hunter, Tracie B.
Aug 15, 2007 OCC LaSalle Bank Midwest National Association Civil Money Penalty (CMP): Collins, John B.
Aug 15, 2007 OCC LaSalle Bank Midwest National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wright, David A.
Aug 15, 2007 OCC LaSalle Bank Midwest National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Schupbach, Dianne M.
Aug 15, 2007 OCC LaSalle Bank Midwest National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Prichard, David R.
Aug 15, 2007 OCC LaSalle Bank Midwest National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Johnson, Carl B.
Aug 15, 2007 OCC LaSalle Bank Midwest National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Hunter, Tracie B.
Aug 15, 2007 OCC LaSalle Bank Midwest National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Feskorn, Margaret S.
Aug 15, 2007 OCC LaSalle Bank Midwest National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Collins, John B.
Aug 14, 2007
Released Aug 16, 2007		 FRB Marco Community Bank Written Agreement: Marco Community Bank, Marco Island, Florida
Aug 13, 2007
Released Aug 16, 2007		 FRB Anadarko Bancshares, Inc. Written Agreement: Anadarko Bank & Trust Company, Anadarko, Oklahoma
Aug 10, 2007 OCC_OTS Plantation Federal Bank Termination of Cease and Desist: Plantation Federal Bank
Aug 10, 2007 OCC Cornerbank, National Association Prohibition/Removal Orders: Curry, Lance A.

Browse adjacent years: 2006 · 2008

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