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 | Assets |
|---|---|---|
| Oct 4, 2007 | Miami Valley Bank | $125.4M |
| Sep 28, 2007 | Netbank | $2.47B |
| Feb 2, 2007 | Metropolitan Savings Bank | $15.8M |
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 | Acquirer |
|---|---|---|
| Jun 9, 2007 | Johnsonville State Bank | The Citizens Bank |
| Jun 9, 2007 | Pamplico Bank and Trust Company | The Citizens Bank |
| Jun 8, 2007 | Commercial Bank of Florida | Colonial Bank |
| Jun 8, 2007 | Fortress Bank Minnesota | Eastwood Bank |
| Jun 2, 2007 | Commercial Bankshares, Inc. | The Colonial Bancgroup, Inc. |
| Jun 2, 2007 | The Tupper Lake National Bank | Community Bank, N.A. |
| Jun 2, 2007 | TLNB Financial Corp. | Community Financial System, Inc. |
| Jun 2, 2007 | First Brandon National Bank | Lake Sunapee Bank, FSB |
| Jun 1, 2007 | Fort Knox National Bank | Citizens Union Bank of Shelbyville |
| Jun 1, 2007 | FHMSH, Inc. | First Horizon Bank |
| Jun 1, 2007 | United Heritage Bank | M&I Marshall and Ilsley Bank |
| Jun 1, 2007 | Gwinnett Commercial Group, Inc. | United Community Banks, Inc. |
| Jun 1, 2007 | The Bank of Richmond, National Association | Gateway Bank & Trust Company |
| Jun 1, 2007 | County National Bank | Sandy Spring Bank |
| Jun 1, 2007 | CN Bancorp, Inc. | Sandy Spring Bancorp, Inc. |
| Jun 1, 2007 | BBVA USA Bancshares of Delaware, Inc. | BBVA Compass Bancshares, Inc. |
| Jun 1, 2007 | State National Bancshares of Delaware, Inc. | BBVA Compass Bancshares, Inc. |
| Jun 1, 2007 | First Horizon Home Loan Corporation | First Horizon Bank |
| Jun 1, 2007 | Ft Mortgage Holding Corporation | First Horizon Bank |
| Jun 1, 2007 | Fort Knox National Bancorp, Inc. | Citizens Union Bancorp of Shelbyville, Inc. |
| Jun 1, 2007 | Fina Bancorp, Inc. | 1st Source Corporation |
| Jun 1, 2007 | Texas Regional Bancshares, Inc. | BBVA USA Bancshares, Inc. |
| Jun 1, 2007 | BBVA USA Bancshares, Inc. | BBVA USA Bancshares, Inc. |
| Jun 1, 2007 | Lansing Area Catholic Credit Union | Alliance Catholic Credit Union |
| Jun 1, 2007 | Town & Country Family Credit Union | Frankenmuth Credit Union |
| Jun 1, 2007 | Agawam Federal Credit Union | Holyoke Credit Union |
| Jun 1, 2007 | Credit Union Northwest | Seattle Metropolitan Credit Union |
| Jun 1, 2007 | Union Employees Federal Credit Union | Union Yes Federal Credit Union |
| Jun 1, 2007 | Citizens State Bank | Arbor Bank |
| Jun 1, 2007 | Emmaus Lutheran Federal Credit Union | B.C.S. Community Credit Union |
| Jun 1, 2007 | Icc RDG Federal Credit Union | Clearchoice Federal Credit Union |
| May 31, 2007 | Communities United Credit Union | Great Plains Federal Credit Union |
| May 26, 2007 | The Delta Bank | The First National Bank in Cooper |
| May 25, 2007 | Bay First Bank. National Association | BLC Bank N.A. |
| May 25, 2007 | Pennsylvania State Bank | BLC Bank N.A. |
| May 25, 2007 | Exchange Bank | The Nodaway Valley Bank |
| May 25, 2007 | Bank of Hanover and Trust Company | BLC Bank N.A. |
| May 24, 2007 | The Chinese American Bank | United Commercial Bank |
| May 24, 2007 | Cab Holding, LLC | Ucbh Holdings, Inc. |
| May 23, 2007 | SSSB Delaware Bancorporation, Inc. | Alliance Bancshares, Inc. |
| May 19, 2007 | Cumberland Bank | GreenBank |
| May 19, 2007 | F.N.B. Bancorporation, Inc. | The Bank of Kentucky Financial Corporation |
| May 19, 2007 | First Bank of Northern Kentucky, Inc. | The Bank of Kentucky, Inc. |
| May 19, 2007 | Civitas Bankgroup, Inc. | Green Bankshares, Inc. |
| May 19, 2007 | Calais Federal Savings and Loan Association | The Bank of Maine |
| May 16, 2007 | Fitchburg Community Federal Credit Union | Gfa Federal Credit Union |
| May 16, 2007 | Griffin Bancshares, Inc. | Page Bancshares, Inc. |
| May 14, 2007 | Courier Employees Credit Union | Meridian Credit Union |
| May 12, 2007 | BankTrust of Alabama | BankTrust |
| May 12, 2007 | Conestoga Bank | Conestoga Bank |
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. |
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