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 |
|---|---|---|
| Jun 9, 2007 | Johnsonville State Bank | The Citizens Bank |
| Jun 9, 2007 | Pamplico Bank and Trust Company | The Citizens Bank |
| Jun 8, 2007 | Commercial Bank of Florida | Colonial Bank |
| Jun 8, 2007 | Fortress Bank Minnesota | Eastwood Bank |
| Jun 2, 2007 | Commercial Bankshares, Inc. | The Colonial Bancgroup, Inc. |
| Jun 2, 2007 | The Tupper Lake National Bank | Community Bank, N.A. |
| Jun 2, 2007 | TLNB Financial Corp. | Community Financial System, Inc. |
| Jun 2, 2007 | First Brandon National Bank | Lake Sunapee Bank, FSB |
| Jun 1, 2007 | Fort Knox National Bank | Citizens Union Bank of Shelbyville |
| Jun 1, 2007 | FHMSH, Inc. | First Horizon Bank |
| Jun 1, 2007 | United Heritage Bank | M&I Marshall and Ilsley Bank |
| Jun 1, 2007 | Gwinnett Commercial Group, Inc. | United Community Banks, Inc. |
| Jun 1, 2007 | The Bank of Richmond, National Association | Gateway Bank & Trust Company |
| Jun 1, 2007 | County National Bank | Sandy Spring Bank |
| Jun 1, 2007 | CN Bancorp, Inc. | Sandy Spring Bancorp, Inc. |
| Jun 1, 2007 | BBVA USA Bancshares of Delaware, Inc. | BBVA Compass Bancshares, Inc. |
| Jun 1, 2007 | State National Bancshares of Delaware, Inc. | BBVA Compass Bancshares, Inc. |
| Jun 1, 2007 | First Horizon Home Loan Corporation | First Horizon Bank |
| Jun 1, 2007 | Ft Mortgage Holding Corporation | First Horizon Bank |
| Jun 1, 2007 | Fort Knox National Bancorp, Inc. | Citizens Union Bancorp of Shelbyville, Inc. |
| Jun 1, 2007 | Fina Bancorp, Inc. | 1st Source Corporation |
| Jun 1, 2007 | Texas Regional Bancshares, Inc. | BBVA USA Bancshares, Inc. |
| Jun 1, 2007 | BBVA USA Bancshares, Inc. | BBVA USA Bancshares, Inc. |
| Jun 1, 2007 | Lansing Area Catholic Credit Union | Alliance Catholic Credit Union |
| Jun 1, 2007 | Town & Country Family Credit Union | Frankenmuth Credit Union |
| Jun 1, 2007 | Agawam Federal Credit Union | Holyoke Credit Union |
| Jun 1, 2007 | Credit Union Northwest | Seattle Metropolitan Credit Union |
| Jun 1, 2007 | Union Employees Federal Credit Union | Union Yes Federal Credit Union |
| Jun 1, 2007 | Citizens State Bank | Arbor Bank |
| Jun 1, 2007 | Emmaus Lutheran Federal Credit Union | B.C.S. Community Credit Union |
| Jun 1, 2007 | Icc RDG Federal Credit Union | Clearchoice Federal Credit Union |
| May 31, 2007 | Communities United Credit Union | Great Plains Federal Credit Union |
| May 26, 2007 | The Delta Bank | The First National Bank in Cooper |
| May 25, 2007 | Bay First Bank. National Association | BLC Bank N.A. |
| May 25, 2007 | Pennsylvania State Bank | BLC Bank N.A. |
| May 25, 2007 | Exchange Bank | The Nodaway Valley Bank |
| May 25, 2007 | Bank of Hanover and Trust Company | BLC Bank N.A. |
| May 24, 2007 | The Chinese American Bank | United Commercial Bank |
| May 24, 2007 | Cab Holding, LLC | Ucbh Holdings, Inc. |
| May 23, 2007 | SSSB Delaware Bancorporation, Inc. | Alliance Bancshares, Inc. |
| May 19, 2007 | Cumberland Bank | GreenBank |
| May 19, 2007 | F.N.B. Bancorporation, Inc. | The Bank of Kentucky Financial Corporation |
| May 19, 2007 | First Bank of Northern Kentucky, Inc. | The Bank of Kentucky, Inc. |
| May 19, 2007 | Civitas Bankgroup, Inc. | Green Bankshares, Inc. |
| May 19, 2007 | Calais Federal Savings and Loan Association | The Bank of Maine |
| May 16, 2007 | Fitchburg Community Federal Credit Union | Gfa Federal Credit Union |
| May 16, 2007 | Griffin Bancshares, Inc. | Page Bancshares, Inc. |
| May 14, 2007 | Courier Employees Credit Union | Meridian Credit Union |
| May 12, 2007 | BankTrust of Alabama | BankTrust |
| May 12, 2007 | Conestoga Bank | Conestoga Bank |
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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