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 |
|---|---|---|
| Jul 1, 2007 | Y.T.W. Community Federal Credit Union | Americhoice Federal Credit Union |
| Jul 1, 2007 | Imperial Polk Employees Credit Union | Midflorida Credit Union |
| Jul 1, 2007 | Public Educational Employees Federal Credit Union | Horizon Federal Credit Union |
| Jul 1, 2007 | Secure Federal Credit Union | Priority First Federal Credit Union |
| Jul 1, 2007 | Grant Park Sand Federal Credit Union | Bond Community Federal Credit Union |
| Jul 1, 2007 | The Bank of New York Company, Inc. | The Bank of New York Mellon Corporation |
| Jul 1, 2007 | Mellon Financial Corporation | The Bank of New York Mellon Corporation |
| Jul 1, 2007 | SKY Financial Group, Inc. | Huntington Bancshares Incorporated |
| Jul 1, 2007 | Geneva Bancshares, Inc. | State Capital Corporation |
| Jul 1, 2007 | First Haralson Corporation | WGNB Corp. |
| Jul 1, 2007 | Excel Bank Corporation | M&I LLC |
| Jul 1, 2007 | Icnb Financial Corporation | FirstBank Corporation |
| Jul 1, 2007 | Mercantile Bank | Carolina First Bank |
| Jul 1, 2007 | Capital One, F.S.B. | Capital One, N.A. |
| Jul 1, 2007 | Sundowner Bankshares, Inc. | Sundown Bankshares, Inc. |
| Jul 1, 2007 | Charter Financial Corporation | Boston Private Financial Holdings, Inc. |
| Jul 1, 2007 | South Coastal Holdings MHC, Inc | Mountainone Financial, MHC |
| Jun 30, 2007 | Prairie Country Credit Union | Credit Union 1 |
| Jun 30, 2007 | Bank of Rockbridge | Transcommunity Bank, National Association |
| Jun 30, 2007 | Bank of Louisa, National Association | Transcommunity Bank, National Association |
| Jun 30, 2007 | Bank of Powhatan, N.A. | Transcommunity Bank, National Association |
| Jun 30, 2007 | The Grange Bank | American Bank |
| Jun 30, 2007 | Bellville Holdings, Inc. | Industry Bancshares, Inc. |
| Jun 30, 2007 | Swiss Valley Farms Credit Union | Cedar Falls Community Credit Union |
| Jun 30, 2007 | Adam Plewacki Post 799 Federal Credit Union | Buffalo Cooperative Federal Credit Union |
| Jun 30, 2007 | Bell & Howell Employees Federal Credit Union | First Commonwealth Federal Credit Union |
| Jun 30, 2007 | Prime Financial Federal Credit Union | First Choice America Community Federal Credit Union |
| Jun 30, 2007 | Courier Journal and Times Credit Union | Louchem Federal Credit Union |
| Jun 30, 2007 | Belle City Credit Union | Landmark Credit Union |
| Jun 30, 2007 | Catholic Community Credit Union | Southern Lakes Credit Union |
| Jun 23, 2007 | First Coastal Bancshares | CVB Financial Corp. |
| Jun 23, 2007 | First Fidelity Bank, National Association | First Fidelity Bank |
| Jun 23, 2007 | Penn Laurel Financial Corp. | Northwest Bancorp, Inc. |
| Jun 23, 2007 | Western Security Bank | First Fidelity Bank |
| Jun 23, 2007 | CSB Bank | Northwest Bank |
| Jun 23, 2007 | First Coastal Bank, National Association | Citizens Business Bank, N.A. |
| Jun 23, 2007 | The First National Bank of Hudson | Associated Bank, N.A. |
| Jun 22, 2007 | I M C O Employees Credit Union | America's Credit Union |
| Jun 22, 2007 | Bank 10 | Hawthorn Bank |
| Jun 22, 2007 | Western Bank of Chinook National Association | First Bank of Montana |
| Jun 21, 2007 | Golden Prague Federal Savings and Loan Association | Bradford Bank |
| Jun 21, 2007 | Diablo Valley Bank | Heritage Bank of Commerce |
| Jun 21, 2007 | Senator Bank | Bradford Bank |
| Jun 19, 2007 | (unnamed) | TIB, N.A. |
| Jun 19, 2007 | (unnamed) | United Central Bank |
| Jun 18, 2007 | W.I. Company, Inc. | Western Security Bank |
| Jun 16, 2007 | Port City Capital Bank | Vantagesouth Bank |
| Jun 16, 2007 | Shenandoah Valley National Bank | Summit Community Bank, Inc |
| Jun 16, 2007 | Public Bank | Florida Choice Bank |
| Jun 16, 2007 | The First National Bank of Newport | Orrstown 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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