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 1, 2007 | Jeff City Bancorp, Inc. | Cedar Bancorp, Inc. |
| Sep 1, 2007 | Citizens Bank of Rhode Island | Citizens Bank, N.A. |
| Sep 1, 2007 | Sepulveda Federal Credit Union | Va Desert Pacific Federal Credit Union |
| Sep 1, 2007 | Minnesota's Credit Union | Oak Trust Credit Union |
| Sep 1, 2007 | Santa Cruz County School Personnel Credit Union | American Southwest Credit Union |
| Sep 1, 2007 | Citizens Bank of Connecticut | Citizens Bank, N.A. |
| Sep 1, 2007 | The Pantagraphers Federal Credit Union | Illinois State Credit Union |
| Sep 1, 2007 | Dallas Area Rapid Transit Federal Credit Union | City Credit Union |
| Sep 1, 2007 | Bank of Jefferson | Cooperative Bank |
| Sep 1, 2007 | McColls Credit Union | Sierra Central Credit Union |
| Sep 1, 2007 | Central Indiana Schools Community Federal Credit Union | Forum Credit Union |
| Sep 1, 2007 | Technology Groups Federal Credit Union | Mutual Security Credit Union, Inc. |
| Sep 1, 2007 | Kaw Gas Credit Union | Reliance Credit Union |
| Sep 1, 2007 | Citizens Bank New Hampshire | Citizens Bank, N.A. |
| Sep 1, 2007 | Citizens Bank of Massachusetts | Citizens Bank, N.A. |
| Sep 1, 2007 | Memphis Christian Benevolent Lodge Federal Credit Union | Memphis Municipal Employees Federal Credit Union |
| Sep 1, 2007 | The Bank of Navasota, National Association | Prosperity Bank |
| Sep 1, 2007 | Centerville State Bank | Citizens Bank, National Association |
| Sep 1, 2007 | Charter One Bank, National Association | Citizens Bank, N.A. |
| Sep 1, 2007 | Merriam Federal Credit Union | Matadors Community Credit Union |
| Aug 31, 2007 | SKY Trust, N.A. | The Huntington National Bank |
| Aug 31, 2007 | First Mid-America Bancorp, Inc. | The State Bank of Annawan |
| Aug 25, 2007 | Farmers and Merchants Bank | Pinnacle Bank |
| Aug 25, 2007 | First State Bank | Waypoint Bank |
| Aug 25, 2007 | Community Bancs of Oklahoma, Inc. | Twenty-First Century Financial Services Company |
| Aug 25, 2007 | Westborough Savings Bank | Avidia Bank |
| Aug 25, 2007 | Cheyenne Mountain Bank | Legacy Bank |
| Aug 24, 2007 | Citizens City & County Bank | Centennial Bank |
| Aug 22, 2007 | Zion Cincinnati Federal Credit Union | Cincinnati Healthcare Associates Federal Credit Union |
| Aug 20, 2007 | Research Federal Credit Union | Community Choice Credit Union |
| Aug 18, 2007 | (unnamed) | Bear State Bank |
| Aug 18, 2007 | Coastal Federal Bank | Truist Bank |
| Aug 18, 2007 | Desert Community Bank | East West Bank |
| Aug 17, 2007 | The Salt Creek Valley Bank | Vinton County National Bank |
| Aug 17, 2007 | Salt Creek Valley Bancshares, Inc. | Community Bancshares, Inc. |
| Aug 17, 2007 | Peoples Bank | The Heritage Bank |
| Aug 15, 2007 | Platte Center Bank | Bank of the Valley |
| Aug 10, 2007 | Kentucky National Bank of Pikeville | Citizens Bank of Kentucky, Inc |
| Aug 4, 2007 | The Bank of Spring Valley | Pillar Bank |
| Aug 4, 2007 | First National Corporation | F.N.B. Corporation |
| Aug 4, 2007 | FirstBank of Greeley | FirstBank of Northern Colorado |
| Aug 1, 2007 | Hudson Valley Investment Corp. | Hudson Valley Bank, N.A. |
| Aug 1, 2007 | County Bancshares, Inc. | Stellar Bancorp Inc. |
| Aug 1, 2007 | Main Street Trust, Inc. | First Busey Corporation |
| Aug 1, 2007 | Pepperell Bancshares Financial Group, Inc. | Bangor Bancorp, MHC |
| Aug 1, 2007 | Huntington Insurance Agency Services, Inc. | Huntington Bancshares Incorporated |
| Aug 1, 2007 | All Saints Credit Union | St. Louis Community Credit Union |
| Aug 1, 2007 | Pittsburgh Plate Glass Baltimore Employees Federal Credit Union | Five Star of Maryland Federal Credit Union |
| Aug 1, 2007 | BankPlus, FSB | Heartland Bank and Trust Company |
| Aug 1, 2007 | Latvian Credit Union | Latvian Heritage 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. |
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