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 |
|---|---|---|
| Sep 25, 2007 | Osb Delaware Financial Services, Inc. | Osb Financial Services, Inc. |
| Sep 22, 2007 | Luzo Community Bank | Fall River Five Cents Savings Bank |
| Sep 22, 2007 | The Factory Point National Bank of Manchester Center | Berkshire Bank |
| Sep 22, 2007 | Placer Sierra Bank | Wells Fargo Bank, N.A. |
| Sep 22, 2007 | First Republic Bank | Merrill Lynch Bank & Trust Co., FSB |
| Sep 22, 2007 | First United Bank, National Association | Colorado State Bank and Trust, N. A. |
| Sep 22, 2007 | Bank of Dadeville | First American Bank |
| Sep 21, 2007 | The First National Bank in Cannon Falls | Merchants Bank, N.A. |
| Sep 21, 2007 | Liberty Payment Services, Inc. | JPMorgan Chase Bank, N.A. |
| Sep 21, 2007 | Jerema, Inc. | Merchants Financial Group, Inc. |
| Sep 21, 2007 | SKY Bank | The Huntington National Bank |
| Sep 21, 2007 | Merchants Bank, National Association | Merchants Bank, N.A. |
| Sep 15, 2007 | Mercantile Southern Maryland Bank | PNC Bank, N.A. |
| Sep 15, 2007 | First Community Bancorp, Inc. | Hometown Bancshares, Inc. |
| Sep 15, 2007 | Independent Bank-West Michigan | Independent Bank |
| Sep 15, 2007 | MainSource Bank - Crawfordsville | MainSource Bank |
| Sep 15, 2007 | Mercantile Eastern Shore Bank | PNC Bank, N.A. |
| Sep 15, 2007 | The First National Bank of St. Marys | Union Bank, Inc. |
| Sep 15, 2007 | The Annapolis Banking and Trust Company | PNC Bank, N.A. |
| Sep 15, 2007 | Farmers & Mechanics Bank | PNC Bank, N.A. |
| Sep 15, 2007 | Marshall National Bank and Trust Company | PNC Bank, N.A. |
| Sep 15, 2007 | Mercantile County Bank | PNC Bank, N.A. |
| Sep 15, 2007 | Westminster Union Bank | PNC Bank, N.A. |
| Sep 15, 2007 | Nekoosa Federal Credit Union | Atlanta Federal Credit Union |
| Sep 15, 2007 | Monticello Bank | Capitalsouth Bank |
| Sep 15, 2007 | The National Bank of Fredericksburg | PNC Bank, N.A. |
| Sep 15, 2007 | The Citizens National Bank | PNC Bank, N.A. |
| Sep 15, 2007 | Mercantile-Safe Deposit and Trust Company | PNC Bank, N.A. |
| Sep 15, 2007 | Independent Bank East Michigan | Independent Bank |
| Sep 15, 2007 | Mercantile Peninsula Bank | PNC Bank, N.A. |
| Sep 15, 2007 | Saline State Bank | First State Bank Nebraska |
| Sep 15, 2007 | Independent Bank - South Michigan | Independent Bank |
| Sep 14, 2007 | First Paducah Bancshares of Delaware | First Paducah Bancshares of Texas, Inc. |
| Sep 14, 2007 | Progress Bancshares, Inc. | First State Bancshares, Inc. |
| Sep 10, 2007 | Peachtree National Bank | Bank of North Georgia |
| Sep 10, 2007 | First Nation Bank | Bank of North Georgia |
| Sep 8, 2007 | Brookline Co-operative Bank | Peoples Federal Savings Bank |
| Sep 7, 2007 | Deerfield Bancshares, Inc. | First Capital Bancshares, Inc. |
| Sep 7, 2007 | The Clarksburg Commercial Bank | The Citizens National Bank of Chillicothe |
| Sep 6, 2007 | Intercontinental Bank Shares Corporation of Delaware | Amegy Holding Delaware, Inc. |
| Sep 6, 2007 | Intercontinental Bank Shares Corporation | Amegy Holding Delaware, Inc. |
| Sep 6, 2007 | Intercontinental National Bank | Amegy Bank National Association |
| Sep 4, 2007 | Falls Federal Credit Union | Tri State Area Federal Credit Union |
| Sep 1, 2007 | RBS National Bank | Citizens Bank, N.A. |
| Sep 1, 2007 | Cygnet Financial Corporation | Florida Bank Group, Inc. |
| Sep 1, 2007 | Citizens Bank | Citizens Bank, N.A. |
| Sep 1, 2007 | Community Bank of Texas, N. A. | Southwest Bank |
| Sep 1, 2007 | FDB-Nevada, Inc. | Fort Davis Bancshares, Inc. |
| Sep 1, 2007 | Cco Mortgage Corp. | Citizens Bank, N.A. |
| Sep 1, 2007 | (unnamed) | National City Corporation |
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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