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 |
|---|---|---|
| Oct 26, 2007 | Yardville National Bancorp | The PNC Financial Services Group, Inc. |
| Oct 26, 2007 | The State Bank of Annawan | Bankorion |
| Oct 25, 2007 | Brunswick Bancshares, Inc. | BSB Bancshares, Inc. |
| Oct 20, 2007 | Henry County Bank | Two Rivers Bank & Trust |
| Oct 20, 2007 | Alaska First Bank & Trust, National Association | Northrim Bank |
| Oct 18, 2007 | BBVA USA Bancshares, Inc. | BBVA USA Bancshares, Inc. |
| Oct 16, 2007 | The Peoples Banctrust Company, Inc. | Banctrust Financial Group, Inc. |
| Oct 15, 2007 | Birmingham Federal Employees Credit Union | Legacy Community Federal Credit Union |
| Oct 15, 2007 | The Mortgage Banc, Inc. | South State Bank |
| Oct 13, 2007 | Business First National Bank | Heritage Oaks Bank |
| Oct 13, 2007 | City Savings Bank | The La Porte Savings Bank |
| Oct 10, 2007 | NCW Community Bank | Banner Bank |
| Oct 6, 2007 | The Exchange National Bank of Jefferson City | Hawthorn Bank |
| Oct 6, 2007 | Bryant-Irvin Bancshares, Inc. | The ANB Corporation |
| Oct 5, 2007 | Weyerhaeuser Magnolia Federal Credit Union | McComb Federal Credit Union |
| Oct 5, 2007 | Bryant Irvin Delaware Corporation | Bryant-Irvin Bancshares, Inc. |
| Oct 2, 2007 | Twin City P O Federal Credit Union | Niagara Regional Federal Credit Union |
| Oct 2, 2007 | First Community Bank | Lake Sunapee Bank, FSB |
| Oct 1, 2007 | Synergy Bank | Flagstar Bank, N.A. |
| Oct 1, 2007 | Greer Financial Services Corporation | Greer State Bank |
| Oct 1, 2007 | Mount Prospect National Bank | Midwest Bank and Trust Company |
| Oct 1, 2007 | Northwest Suburban Bancorp, Inc. | Midwest Banc Holdings, Inc. |
| Oct 1, 2007 | Capitalia S.P.A. | Unicredit S.P.A. |
| Oct 1, 2007 | Ohio County Bancshares, Inc. | Limestone Bancorp, Inc |
| Oct 1, 2007 | Chisholm Trail Federal Credit Union | White Eagle Credit Union |
| Oct 1, 2007 | Cardunal Savings Bank, FSB | Park National Bank |
| Oct 1, 2007 | V a West Side Hospital Federal Credit Union | South Division Credit Union |
| Oct 1, 2007 | Salt Lake Wonder Federal Credit Union | Utah First Federal Credit Union |
| Oct 1, 2007 | Aluminum Shapes Employees Federal Credit Union | Garden State Federal Credit Union |
| Oct 1, 2007 | First Savings Bank, A FSB | Peoples Federal Savings Bank of DeKalb County |
| Oct 1, 2007 | Geneva Area School Employees Credit Union Inc. | Community First Credit Union |
| Oct 1, 2007 | Kentucky Trust Bank | Limestone Bank, Inc. |
| Oct 1, 2007 | Des Plaines Valley Credit Union | Abri Credit Union |
| Oct 1, 2007 | New Britain Municipal Employees Credit Union | Achieve Financial Credit Union |
| Oct 1, 2007 | Tennessee Paper Mills Credit Union | River City United Credit Union |
| Oct 1, 2007 | Tri-Linc Federal Credit Union | Aspire Federal Credit Union |
| Oct 1, 2007 | Line Material Employees Federal Credit Union | Valor Federal Credit Union |
| Oct 1, 2007 | Caldwell C. G. B. Employees Credit Union, Inc. | Southeastern Ohio Credit Union, Inc. |
| Oct 1, 2007 | The First National Bank of Marengo | Castle Bank, National Association |
| Oct 1, 2007 | Butte County Postal Employees Credit Union | Butte Federal Credit Union |
| Oct 1, 2007 | St Marys of Royal Oak Parish Credit Union | Our Credit Union |
| Oct 1, 2007 | League Central Credit Union | Southeast Financial Credit Union |
| Oct 1, 2007 | Liberty Bell Federal Credit Union | Communication Federal Credit Union |
| Oct 1, 2007 | Tuscaloosa News Federal Credit Union | Tuscaloosa Credit Union |
| Oct 1, 2007 | Saint Petersburg Municipal Employees Credit Union | Floridacentral Credit Union |
| Oct 1, 2007 | Excelsior Federal Credit Union | Capital Communications Federal Credit Union |
| Oct 1, 2007 | Hardwick State Bank | Exchange State Bank |
| Oct 1, 2007 | All Employees Credit Union, Inc. | Eaton Family Credit Union |
| Sep 30, 2007 | Uniti Credit Union | Crescent Credit Union |
| Sep 29, 2007 | The Citizens State Bank | The Bank of Protection |
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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