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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 HQ Assets Acquirer or resolution
Oct 4, 2007 Miami Valley Bank Lakeview, OH $125.4M The Citizens Banking Company
Sep 28, 2007 Netbank Alpharetta, GA $2.47B ING Bank, FSB
Feb 2, 2007 Metropolitan Savings Bank Pittsburgh, PA $15.8M Allegheny Valley Bank of Pittsburgh

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 St Acquirer
Dec 31, 2007 Knisely Bank IN The Farmers & Merchants State Bank
Dec 31, 2007 (unnamed) — CIBC National Trust Company
Dec 31, 2007 Capitol Development Bancorp Limited II MI Capitol Bancorp Ltd.
Dec 31, 2007 West Texas Energy Capital Inc TX First West Texas Bancshares, Inc.
Dec 31, 2007 Capitol Development Bancorp Limited I MI Capitol Bancorp Ltd.
Dec 31, 2007 Boone National Bank KY Forcht Bank, N.A.
Dec 31, 2007 PRP National Bank KY Forcht Bank, N.A.
Dec 31, 2007 Black River Country Investments, Inc. WI Black River Country Bank
Dec 31, 2007 Somerset National Bank KY Forcht Bank, N.A.
Dec 31, 2007 First Tennessee Mortgage Services, Inc. TX First Horizon Bank
Dec 31, 2007 Laurel National Bank KY Forcht Bank, N.A.
Dec 31, 2007 First Delaware Bancshares, Inc. DE First West Texas Bancshares, Inc.
Dec 31, 2007 Campbellsville National Bank KY Forcht Bank, N.A.
Dec 31, 2007 Williamsburg National Bank KY Forcht Bank, N.A.
Dec 31, 2007 Knisely Financial Corp. IN Farmers & Merchants Bancorp, Inc.
Dec 31, 2007 Tri-County National Bank KY Forcht Bank, N.A.
Dec 31, 2007 Capitol Credit Union AL Guardian Credit Union
Dec 31, 2007 R S Employees Credit Union IL Northstar Credit Union
Dec 31, 2007 New Spirit Credit Union IL Northstar Credit Union
Dec 31, 2007 Deposit Bank & Trust Co. KY Forcht Bank, N.A.
Dec 31, 2007 Eagle Bank, Inc. KY Forcht Bank, N.A.
Dec 31, 2007 Prichard Federal Credit Union AL New Horizons Credit Union
Dec 29, 2007 Stearns Bank Arizona National Association AZ Stearns Bank N.A.
Dec 29, 2007 Centennial Bancshares Corporation MO Linco Bancshares, Inc.
Dec 28, 2007 INB Delaware Corporation DE INB Financial Corporation
Dec 27, 2007 FNB Southeast Investment Services, Inc. NC NewBridge Bank
Dec 22, 2007 FNB Southeast Mortgage Corporation NC NewBridge Bank
Dec 22, 2007 LSB Investment Services, Inc. NC NewBridge Bank
Dec 21, 2007 The Sycamore National Bank OH LCNB National Bank
Dec 21, 2007 Hambrecht & Quist Group CA JPMorgan Chase & Co.
Dec 19, 2007 WS, Inc. NV Citizens Financial Group, Inc.
Dec 18, 2007 Champaign National Bank OH Civista Bank
Dec 18, 2007 Futura Banc Corporation OH Civista Bancshares, Inc
Dec 17, 2007 Spalding City Corporation NE Citizens National Corporation
Dec 16, 2007 National Penn Mortgage Company PA National Penn Bank
Dec 15, 2007 The Peoples Bank & Trust Company AL BankTrust
Dec 14, 2007 Southern State Bancshares Inc AR Magnolia Banking Corporation
Dec 14, 2007 Cleartran, Inc. NJ BNY Mellon, N.A.
Dec 14, 2007 Penn Securities, Inc. PA National Penn Bank
Dec 14, 2007 Citrus and Chemical Bank FL Colonial Bank
Dec 8, 2007 The Bank IL Prairie State Bank & Trust
Dec 8, 2007 UMB Bank, Warsaw, National Association MO UMB Bank, N.A.
Dec 8, 2007 The Farmers and Merchants State Bank of Virden, Illinois IL Prairie State Bank & Trust
Dec 6, 2007 Pinnacle Mortgage Corporation OK Central Bank of Oklahoma
Dec 5, 2007 First National Bank of Forsyth County GA The Buckhead Community Bank
Dec 5, 2007 Allied Bancshares, Inc. GA Buckhead Community Bancorp, Inc.
Dec 5, 2007 Intra Financial Corp. KS Ifc Acquisition Corp
Dec 4, 2007 Plumbers Local Credit Union CO Electrical Federal Credit Union
Dec 4, 2007 Citrus & Chemical Bancorporation, Inc. FL The Colonial Bancgroup, Inc.
Dec 2, 2007 Base Works Federal Credit Union OH 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
May 30, 2007 OCC Fidelity Bancorp, Inc. Formal Agreement: Fidelity National Bank
May 29, 2007 OCC_OTS Canisteo Savings and Loan Association Cease and Desist: Canisteo Savings & Loan Association
May 25, 2007 OCC Harleysville National Corporation Prohibition/Removal Orders: Bubel, Peter J.
May 25, 2007 OCC Harleysville National Corporation Civil Money Penalty (CMP): Bubel, Peter J.
May 25, 2007 OCC_OTS First Federal Savings and Loan Association Supervisory Agreement: First Federal Savings and Loan Association
May 24, 2007 OCC Powell Valley National Bank Prohibition/Removal Orders: Robinson, Brian L.
May 24, 2007 OCC_OTS Golden First Bank Cease and Desist: Golden First Bank
May 22, 2007
Released May 23, 2007		 FRB First Sentinel Bank Civil Money Penalty $4,235: First Sentinel Bank, Richlands, VA
May 22, 2007
Released May 23, 2007		 FRB East West Bank Civil Money Penalty $16,245: East West Bank, Pasadena, CA
May 18, 2007 OCC_OTS Horizon Bank Cease and Desist: Horizon Bank
May 18, 2007 OCC Thomasville National Bank Civil Money Penalty (CMP): Thomasville National Bank
May 17, 2007 OCC_OTS First Niagara Bank, N.A. Orders of Removal/Prohibition: Heather Davy
May 11, 2007 OCC Bank of America, N.A. Prohibition/Removal Orders: Diaz, Kelvin
May 9, 2007 OCC_OTS The Clifton Heights Savings & Loan Company Cease and Desist: The Clifton Heights Savings and Loan Company
May 9, 2007 OCC PNC Bank, N.A. Prohibition/Removal Orders: Digangi, James
May 7, 2007 OCC Fsgbank, N.A. Prohibition/Removal Orders: Jackson, Perry C.
May 7, 2007 OCC B2 Bank N.A. Civil Money Penalty (CMP): Violette, LuAnn
May 7, 2007 OCC B2 Bank N.A. Prohibition/Removal Orders: Violette, LuAnn
May 3, 2007 OCC Bank of America, N.A. Prohibition/Removal Orders: Domingue, Penny R.
May 3, 2007 OCC_OTS Graham Savings and Loan Association, F.A. Orders of Removal/Prohibition: Gary D. May
May 2, 2007 OCC United Bank for Africa PLC Civil Money Penalty (CMP): United Bank For Africa PLC
Apr 27, 2007
Released Apr 30, 2007		 FRB Bank of Durango Prohibition from Banking: Cheryl McMillan
Apr 26, 2007 OCC PiBank, N.A. Formal Agreement: Intercredit Bank, National Association
Apr 25, 2007 OCC Riverside National Bank of Florida Civil Money Penalty (CMP): Riverside National Bank of Florida
Apr 25, 2007 OCC The First National Bank of Stratton Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Stratton
Apr 24, 2007
Released Apr 30, 2007		 FRB First Interstate Bank Prohibition from Banking: Bonnie C. Milne
Apr 24, 2007 OCC The First National Bank of Berlin Formal Agreement: The First National Bank of Berlin
Apr 24, 2007
Released May 16, 2007		 FRB Orrstown Bank Civil Money Penalty $1,665: Orrstown Bank, Shippensburg, PA
Apr 23, 2007 OCC_OTS Home Federal Savings Bank Supervisory Agreement: Home Federal Savings Bank
Apr 23, 2007 OCC Hiawatha National Bank Formal Agreement: Hiawatha National Bank
Apr 20, 2007 OCC First Tennessee Bank, National Association Civil Money Penalty (CMP): First Tennessee Bank National Association
Apr 20, 2007 OCC KeyBank N.A. Prohibition/Removal Orders: Verhotz, David F.
Apr 17, 2007 OCC Wells Fargo Bank, N.A. Prohibition/Removal Orders: Frierson, Myron
Apr 13, 2007 OCC First National Bank of Shelby County Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Harrison, William T.
Apr 13, 2007 OCC First National Bank of Shelby County Civil Money Penalty (CMP): Smith, Carol Harrison
Apr 13, 2007 OCC First National Bank of Shelby County Civil Money Penalty (CMP): Phillips, Helen Harrison
Apr 13, 2007 OCC First National Bank of Shelby County Civil Money Penalty (CMP): Harrison, William T.
Apr 12, 2007 OCC_OTS Sykesville Federal Savings Association Cease and Desist: Sykesville Federal Savings Association
Apr 10, 2007 OCC The First National Bank of Lindsay Prohibition/Removal Orders: Murray, E. Ray
Apr 9, 2007 OCC The Bank of Miami, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Farah, Edward
Apr 9, 2007 OCC The Bank of Miami, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Quesada, Gustavo
Apr 9, 2007 OCC The Bank of Miami, N.A. Civil Money Penalty (CMP): Farah, Edward
Apr 9, 2007 OCC The Bank of Miami, N.A. Civil Money Penalty (CMP): Quesada, Gustavo
Apr 6, 2007 OCC_OTS Bank Mutual Orders of Removal/Prohibition: Kathleen A. Wiedenhoeft
Apr 6, 2007 OCC_OTS Teche Holding Company Orders of Removal/Prohibition: Sean M. Riecke
Apr 4, 2007 OCC TD Bank, N.A. Prohibition/Removal Orders: Gooding, Mariya A.
Apr 4, 2007 OCC The First National Bank of Germantown Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Achtermann, Marvin D.
Apr 4, 2007 OCC The First National Bank of Germantown Civil Money Penalty (CMP): Achtermann, Marvin D.
Apr 3, 2007 FRB First Interstate Bank Prohibition from Banking: Tracey A. Schroeder
Mar 28, 2007 OCC The Farmers National Bank of Osborne Formal Agreement: The Farmers National Bank of Osborne

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