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 |
|---|---|---|
| Oct 26, 2007 | Yardville National Bancorp | The PNC Financial Services Group, Inc. |
| Oct 26, 2007 | The State Bank of Annawan | Bankorion |
| Oct 25, 2007 | Brunswick Bancshares, Inc. | BSB Bancshares, Inc. |
| Oct 20, 2007 | Henry County Bank | Two Rivers Bank & Trust |
| Oct 20, 2007 | Alaska First Bank & Trust, National Association | Northrim Bank |
| Oct 18, 2007 | BBVA USA Bancshares, Inc. | BBVA USA Bancshares, Inc. |
| Oct 16, 2007 | The Peoples Banctrust Company, Inc. | Banctrust Financial Group, Inc. |
| Oct 15, 2007 | Birmingham Federal Employees Credit Union | Legacy Community Federal Credit Union |
| Oct 15, 2007 | The Mortgage Banc, Inc. | South State Bank |
| Oct 13, 2007 | Business First National Bank | Heritage Oaks Bank |
| Oct 13, 2007 | City Savings Bank | The La Porte Savings Bank |
| Oct 10, 2007 | NCW Community Bank | Banner Bank |
| Oct 6, 2007 | The Exchange National Bank of Jefferson City | Hawthorn Bank |
| Oct 6, 2007 | Bryant-Irvin Bancshares, Inc. | The ANB Corporation |
| Oct 5, 2007 | Weyerhaeuser Magnolia Federal Credit Union | McComb Federal Credit Union |
| Oct 5, 2007 | Bryant Irvin Delaware Corporation | Bryant-Irvin Bancshares, Inc. |
| Oct 2, 2007 | Twin City P O Federal Credit Union | Niagara Regional Federal Credit Union |
| Oct 2, 2007 | First Community Bank | Lake Sunapee Bank, FSB |
| Oct 1, 2007 | Synergy Bank | Flagstar Bank, N.A. |
| Oct 1, 2007 | Greer Financial Services Corporation | Greer State Bank |
| Oct 1, 2007 | Mount Prospect National Bank | Midwest Bank and Trust Company |
| Oct 1, 2007 | Northwest Suburban Bancorp, Inc. | Midwest Banc Holdings, Inc. |
| Oct 1, 2007 | Capitalia S.P.A. | Unicredit S.P.A. |
| Oct 1, 2007 | Ohio County Bancshares, Inc. | Limestone Bancorp, Inc |
| Oct 1, 2007 | Chisholm Trail Federal Credit Union | White Eagle Credit Union |
| Oct 1, 2007 | Cardunal Savings Bank, FSB | Park National Bank |
| Oct 1, 2007 | V a West Side Hospital Federal Credit Union | South Division Credit Union |
| Oct 1, 2007 | Salt Lake Wonder Federal Credit Union | Utah First Federal Credit Union |
| Oct 1, 2007 | Aluminum Shapes Employees Federal Credit Union | Garden State Federal Credit Union |
| Oct 1, 2007 | First Savings Bank, A FSB | Peoples Federal Savings Bank of DeKalb County |
| Oct 1, 2007 | Geneva Area School Employees Credit Union Inc. | Community First Credit Union |
| Oct 1, 2007 | Kentucky Trust Bank | Limestone Bank, Inc. |
| Oct 1, 2007 | Des Plaines Valley Credit Union | Abri Credit Union |
| Oct 1, 2007 | New Britain Municipal Employees Credit Union | Achieve Financial Credit Union |
| Oct 1, 2007 | Tennessee Paper Mills Credit Union | River City United Credit Union |
| Oct 1, 2007 | Tri-Linc Federal Credit Union | Aspire Federal Credit Union |
| Oct 1, 2007 | Line Material Employees Federal Credit Union | Valor Federal Credit Union |
| Oct 1, 2007 | Caldwell C. G. B. Employees Credit Union, Inc. | Southeastern Ohio Credit Union, Inc. |
| Oct 1, 2007 | The First National Bank of Marengo | Castle Bank, National Association |
| Oct 1, 2007 | Butte County Postal Employees Credit Union | Butte Federal Credit Union |
| Oct 1, 2007 | St Marys of Royal Oak Parish Credit Union | Our Credit Union |
| Oct 1, 2007 | League Central Credit Union | Southeast Financial Credit Union |
| Oct 1, 2007 | Liberty Bell Federal Credit Union | Communication Federal Credit Union |
| Oct 1, 2007 | Tuscaloosa News Federal Credit Union | Tuscaloosa Credit Union |
| Oct 1, 2007 | Saint Petersburg Municipal Employees Credit Union | Floridacentral Credit Union |
| Oct 1, 2007 | Excelsior Federal Credit Union | Capital Communications Federal Credit Union |
| Oct 1, 2007 | Hardwick State Bank | Exchange State Bank |
| Oct 1, 2007 | All Employees Credit Union, Inc. | Eaton Family Credit Union |
| Sep 30, 2007 | Uniti Credit Union | Crescent Credit Union |
| Sep 29, 2007 | The Citizens State Bank | The Bank of Protection |
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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