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 |
|---|---|---|
| Dec 31, 2007 | Knisely Bank | The Farmers & Merchants State Bank |
| Dec 31, 2007 | (unnamed) | CIBC National Trust Company |
| Dec 31, 2007 | Capitol Development Bancorp Limited II | Capitol Bancorp Ltd. |
| Dec 31, 2007 | West Texas Energy Capital Inc | First West Texas Bancshares, Inc. |
| Dec 31, 2007 | Capitol Development Bancorp Limited I | Capitol Bancorp Ltd. |
| Dec 31, 2007 | Boone National Bank | Forcht Bank, N.A. |
| Dec 31, 2007 | PRP National Bank | Forcht Bank, N.A. |
| Dec 31, 2007 | Black River Country Investments, Inc. | Black River Country Bank |
| Dec 31, 2007 | Somerset National Bank | Forcht Bank, N.A. |
| Dec 31, 2007 | First Tennessee Mortgage Services, Inc. | First Horizon Bank |
| Dec 31, 2007 | Laurel National Bank | Forcht Bank, N.A. |
| Dec 31, 2007 | First Delaware Bancshares, Inc. | First West Texas Bancshares, Inc. |
| Dec 31, 2007 | Campbellsville National Bank | Forcht Bank, N.A. |
| Dec 31, 2007 | Williamsburg National Bank | Forcht Bank, N.A. |
| Dec 31, 2007 | Knisely Financial Corp. | Farmers & Merchants Bancorp, Inc. |
| Dec 31, 2007 | Tri-County National Bank | Forcht Bank, N.A. |
| Dec 31, 2007 | Capitol Credit Union | Guardian Credit Union |
| Dec 31, 2007 | R S Employees Credit Union | Northstar Credit Union |
| Dec 31, 2007 | New Spirit Credit Union | Northstar Credit Union |
| Dec 31, 2007 | Deposit Bank & Trust Co. | Forcht Bank, N.A. |
| Dec 31, 2007 | Eagle Bank, Inc. | Forcht Bank, N.A. |
| Dec 31, 2007 | Prichard Federal Credit Union | New Horizons Credit Union |
| Dec 29, 2007 | Stearns Bank Arizona National Association | Stearns Bank N.A. |
| Dec 29, 2007 | Centennial Bancshares Corporation | Linco Bancshares, Inc. |
| Dec 28, 2007 | INB Delaware Corporation | INB Financial Corporation |
| Dec 27, 2007 | FNB Southeast Investment Services, Inc. | NewBridge Bank |
| Dec 22, 2007 | FNB Southeast Mortgage Corporation | NewBridge Bank |
| Dec 22, 2007 | LSB Investment Services, Inc. | NewBridge Bank |
| Dec 21, 2007 | The Sycamore National Bank | LCNB National Bank |
| Dec 21, 2007 | Hambrecht & Quist Group | JPMorgan Chase & Co. |
| Dec 19, 2007 | WS, Inc. | Citizens Financial Group, Inc. |
| Dec 18, 2007 | Champaign National Bank | Civista Bank |
| Dec 18, 2007 | Futura Banc Corporation | Civista Bancshares, Inc |
| Dec 17, 2007 | Spalding City Corporation | Citizens National Corporation |
| Dec 16, 2007 | National Penn Mortgage Company | National Penn Bank |
| Dec 15, 2007 | The Peoples Bank & Trust Company | BankTrust |
| Dec 14, 2007 | Southern State Bancshares Inc | Magnolia Banking Corporation |
| Dec 14, 2007 | Cleartran, Inc. | BNY Mellon, N.A. |
| Dec 14, 2007 | Penn Securities, Inc. | National Penn Bank |
| Dec 14, 2007 | Citrus and Chemical Bank | Colonial Bank |
| Dec 8, 2007 | The Bank | Prairie State Bank & Trust |
| Dec 8, 2007 | UMB Bank, Warsaw, National Association | UMB Bank, N.A. |
| Dec 8, 2007 | The Farmers and Merchants State Bank of Virden, Illinois | Prairie State Bank & Trust |
| Dec 6, 2007 | Pinnacle Mortgage Corporation | Central Bank of Oklahoma |
| Dec 5, 2007 | First National Bank of Forsyth County | The Buckhead Community Bank |
| Dec 5, 2007 | Allied Bancshares, Inc. | Buckhead Community Bancorp, Inc. |
| Dec 5, 2007 | Intra Financial Corp. | Ifc Acquisition Corp |
| Dec 4, 2007 | Plumbers Local Credit Union | Electrical Federal Credit Union |
| Dec 4, 2007 | Citrus & Chemical Bancorporation, Inc. | The Colonial Bancgroup, Inc. |
| Dec 2, 2007 | Base Works Federal Credit Union | Port Conneaut Federal Credit Union |
The list holds 500 of the 810 mergers recorded for 2007.
Enforcement Actions in 2007
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Aug 10, 2007 | OCC | The First National Bank of Paonia | Prohibition/Removal Orders: Curry, Lance A. |
| Aug 10, 2007 Released Aug 14, 2007 | FRB | (individual) | Civil Money Penalty $16,245.00: Chemical Bank, Midland, Michigan |
| Aug 9, 2007 | FRB | Hanmi Bank | Civil Money Penalty $8,835: Hanmi Bank, Los Angeles, CA |
| Aug 8, 2007 | FRB | RBC Centura Bank | Cease and Desist Order: Michelle M. Moore |
| Aug 8, 2007 | FRB | RBC Centura Bank | Prohibition from Banking: Michelle M. Moore |
| Aug 6, 2007 | OCC_OTS | Bankpacific, Ltd. | Orders of Removal/Prohibition: Maria C. Blas |
| Aug 3, 2007 Released Aug 6, 2007 | FRB | (individual) | Cease and Desist Order: American Express Bank International, Miami, FL |
| Aug 3, 2007 Released Aug 6, 2007 | FRB | (individual) | Civil Money Penalty $20,000,000: American Express Bank International, Miami, FL |
| Aug 2, 2007 Released Aug 8, 2007 | FRB | (individual) | Written Agreement: Marshall BankFirst Corp., Minneapolis, Minnesota, BANKFIRST, Sioux Falls, South Dakota |
| Aug 1, 2007 Released Aug 2, 2007 | FRB | (individual) | Prohibition from Banking: Richard N. DeLong |
| Jul 27, 2007 | OCC | KeyBank N.A. | Civil Money Penalty (CMP): Keybank National Association |
| Jul 24, 2007 Released Jul 25, 2007 | FRB | Asian Bank | Prohibition from Banking: Josephine Wang |
| Jul 24, 2007 Released Jul 25, 2007 | FRB | Asian Bank | Civil Money Penalty $50,000: Josephine Wang |
| Jul 19, 2007 | OCC | The First National Bank of Lindsay | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Lindsay |
| Jul 18, 2007 Released Jul 19, 2007 | FRB | Progress Bank of Missouri | Prohibition from Banking: Rick W. Bouse |
| Jul 18, 2007 Released Jul 19, 2007 | FRB | Progress Bank of Missouri | Cease and Desist Order: Rick W. Bouse |
| Jul 16, 2007 | OCC | Colonial Bank | Prohibition/Removal Orders: Carroll, Gina M. |
| Jul 9, 2007 | OCC_OTS | Sovereign Bancorp, Inc. | Orders of Removal/Prohibition: Amye Loring |
| Jul 9, 2007 | OCC | Valley National Bank | Prohibition/Removal Orders: Chukwuma, Oliver O. |
| Jul 9, 2007 | OCC | California National Bank | Prohibition/Removal Orders: Azaian, Sarkis |
| Jul 9, 2007 | OCC | Fleet Financial Corporation | Prohibition/Removal Orders: Chukwuma, Oliver O. |
| Jul 3, 2007 | OCC | The Farmers National Bank of Osborne | Civil Money Penalty (CMP): Koops, Donald |
| Jul 3, 2007 | OCC | The Farmers National Bank of Osborne | Civil Money Penalty (CMP): Bihlmaier, Cheryl |
| Jul 3, 2007 | OCC | The Farmers National Bank of Osborne | Civil Money Penalty (CMP): Bihlmaier, Gene |
| Jul 3, 2007 | OCC | The Farmers National Bank of Osborne | Civil Money Penalty (CMP): Bihlmaier, Steven |
| Jul 3, 2007 | OCC | The Farmers National Bank of Osborne | Civil Money Penalty (CMP): McReynolds, Jerry |
| Jul 3, 2007 | OCC_OTS | Continental Bank & Trust Co. | Orders of Removal/Prohibition: Karla James |
| Jun 28, 2007 | OCC | Commerce Bank, National Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Commerce Bank, National Association |
| Jun 26, 2007 | OCC_OTS | New Buffalo Savings Bank | Cease and Desist: New Buffalo Savings Bank, a FSB |
| Jun 25, 2007 | OCC | ANB Financial N.A. | Formal Agreement: ANB Financial National Association |
| Jun 19, 2007 | OCC | Community National Corporation | Formal Agreement: The Community National Bank |
| Jun 15, 2007 | OCC_OTS | Universal Savings Banc Holdings, Inc. | Cease and Desist: Universal Savings Banc Holdings, Inc. |
| Jun 15, 2007 | OCC_OTS | (individual) | Orders of Removal/Prohibition: Michael C. Steele |
| Jun 15, 2007 | OCC_OTS | Monticello Bank | Termination of Cease and Desist: Monticello Bank |
| Jun 13, 2007 Released Jun 19, 2007 | FRB | Cumberland Bank | Prohibition from Banking: Joy McClard |
| Jun 13, 2007 Released Jun 19, 2007 | FRB | RBC Centura Bank | Civil Money Penalty $106,930: RBC Centura Bank, Raleigh, NC |
| Jun 13, 2007 | FRB | Surety Capital Corporation | Modifications: Richard Abrams |
| Jun 13, 2007 | OCC | The Lancaster National Bank | Formal Agreement: The Lancaster National Bank |
| Jun 11, 2007 | OCC_OTS | (individual) | Prompt Corrective Action: Mount Morris Savings and Loan Association |
| Jun 11, 2007 | OCC | Surety Capital Corporation | Prohibition/Removal Orders: Abrams, Richard N. |
| Jun 11, 2007 | OCC | Surety Capital Corporation | Civil Money Penalty (CMP): Abrams, Richard N. |
| Jun 11, 2007 | OCC_OTS | (individual) | Cease and Desist: Mount Morris Savings and Loan Association |
| Jun 8, 2007 Released Jun 19, 2007 | FRB | (individual) | Written Agreement: Mid America Bank and Trust Company, Dixon, MO |
| Jun 7, 2007 | OCC_OTS | AIG Federal Savings Bank | Supervisory Agreement: AIG Federal Savings Bank |
| Jun 7, 2007 | OCC | AIG Federal Savings Bank | Formal Agreement: Aig Federal Savings Bank |
| Jun 5, 2007 | OCC_OTS | (individual) | Supervisory Agreement: Universal Savings Bank, F.S. |
| Jun 5, 2007 | OCC | JPMorgan Chase Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Grob, Maria |
| Jun 4, 2007 | OCC_OTS | Ebank | Cease and Desist: ebank |
| May 31, 2007 | OCC | Union Bank of California Foundation | Prohibition/Removal Orders: Davis, Clarence |
| May 30, 2007 Released Jun 6, 2007 | FRB | Primebank | Prohibition from Banking: William R. Kahler |
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