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 |
|---|---|---|---|
| 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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