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 |
|---|---|---|
| Nov 12, 2007 | Grafton State Bank | Lincoln State Bank |
| Nov 12, 2007 | Fortress Bank | Lincoln State Bank |
| Nov 12, 2007 | The Reedsburg Bank | Lincoln State Bank |
| Nov 11, 2007 | First National Bank of North County | C3BANK, N.A. |
| Nov 10, 2007 | Main Street Bank & Trust | Busey Bank |
| Nov 10, 2007 | Bonham Financial Services, Inc. | Legend Financial Corporation |
| Nov 10, 2007 | Bonstate Bancshares, Inc. | Legend Bancorp, Inc. |
| Nov 10, 2007 | Stamford Bank Corp. | Delaware Bancshares, Inc. |
| Nov 10, 2007 | The National Bank of Stamford | The National Bank of Delaware County |
| Nov 10, 2007 | Bonham State Bank | Legend Bank, N. A. |
| Nov 9, 2007 | First Security Bank of Mountain Home | First Security Bank |
| Nov 8, 2007 | Lakewood Schools Credit Union, Inc. | The Ohio Educational Credit Union, Inc. |
| Nov 6, 2007 | Millstadt Bancshares, Inc. | Central Bancompany, Inc |
| Nov 6, 2007 | Security Delaware Financial Corporation | Security State Bancshares, Inc. |
| Nov 6, 2007 | First National Bank of Millstadt | Central Bank of St. Louis |
| Nov 5, 2007 | Warren Area Federal Credit Union | Mountain Laurel Federal Credit Union |
| Nov 4, 2007 | Tulane Memorial Baptist Church Federal Credit Union | CY-Co Federal Credit Union |
| Nov 3, 2007 | R-G Crown Bank | Fifth Third Bank |
| Nov 3, 2007 | The First National Bank of Pine City | Rural American Bank - Braham |
| Nov 3, 2007 | R-G Crown Bank | Fifth Third Bank, National Association |
| Nov 3, 2007 | Vista Federal Credit Union | Partners Federal Credit Union |
| Nov 2, 2007 | Amtex Delaware Financial Corporation | Amtex Bancshares, Inc. |
| Nov 2, 2007 | Nebraska State Bank of Omaha | Mutual of Omaha Bank |
| Nov 1, 2007 | First National Bank-Employee Owned | AmericaUnited Bank and Trust Company USA |
| Nov 1, 2007 | Vintage Shares Delaware, Inc. | Vintage Shares, Inc. |
| Nov 1, 2007 | Outsource Delaware Holdings, Inc. | Outsource Holdings, Inc. |
| Nov 1, 2007 | Pocono Community Bank | First Keystone Community Bank |
| Nov 1, 2007 | Outsource Delaware Capital Group, Inc. | First Bank Lubbock Bancshares, Inc. |
| Nov 1, 2007 | San Juan Community Federal Credit Union | Security First Federal Credit Union |
| Nov 1, 2007 | Community Bank and Trust Company | Ocean Bank |
| Nov 1, 2007 | Eagle Fidelity, Inc. | Forcht Bancorp, Inc. |
| Nov 1, 2007 | Antioch Bancshares, Inc. | National Bancorp, Inc. |
| Nov 1, 2007 | Bristol Federal Employees Federal Credit Union | United Southeast Federal Credit Union |
| Nov 1, 2007 | Bell General Office Credit Union | Credit Union 1 |
| Nov 1, 2007 | Phifer Wire Credit Union | Alabama Credit Union |
| Nov 1, 2007 | Fitters Local 58 Federal Credit Union | Climb Credit Union |
| Nov 1, 2007 | Midwest Community Credit Union | I. H. Mississippi Valley Credit Union |
| Nov 1, 2007 | Coles County Postal Employees Credit Union | Land of Lincoln Credit Union |
| Nov 1, 2007 | First Bank and Trust | Liberty Bank, F.S.B. |
| Nov 1, 2007 | Schools Plus Community Credit Union | First Community Credit Union |
| Nov 1, 2007 | Midwest United Credit Union | Communityamerica Federal Credit Union |
| Nov 1, 2007 | The Martha's Vineyard Co-operative Bank of Tisbury | Martha's Vineyard Bank |
| Nov 1, 2007 | Health Services Credit Union | Aim Credit Union |
| Nov 1, 2007 | Local 628 Ibt Federal Credit Union | American Heritage Federal Credit Union |
| Nov 1, 2007 | Bridgewater Co-operative Bank | Mechanics Cooperative Bank |
| Nov 1, 2007 | G S a 8 Federal Credit Union | Foothills Credit Union |
| Oct 31, 2007 | Ednat Employees Federal Credit Union | First Point Federal Credit Union |
| Oct 30, 2007 | Peak National Bank | Mutual of Omaha Bank |
| Oct 27, 2007 | Western Bank of Cheyenne | Western States Bank |
| Oct 26, 2007 | Fortress Bank of Cresco | Decorah Bank and Trust Company |
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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