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 |
|---|---|---|
| Dec 1, 2007 | North Atlanta National Bank | Shinhan Bank America |
| Dec 1, 2007 | Banctrust Company, Inc. | BankTrust |
| Dec 1, 2007 | FNB Financial Corporation | Southern Michigan Bancorp, Inc. |
| Dec 1, 2007 | Plano Bancshares of Delaware, Inc. | Legacytexas Group, Inc. |
| Dec 1, 2007 | Bank of Salem | Frontier Bank |
| Dec 1, 2007 | Oak Hill Financial, Inc. | WesBanco, Inc. |
| Dec 1, 2007 | Tiger Federal Credit Union | Xceed Financial Credit Union |
| Dec 1, 2007 | Golden Bay Federal Credit Union | Meriwest Credit Union |
| Dec 1, 2007 | Mt. Morris Savings and Loan Association | Sterling Federal Bank, Federal Savings Bank |
| Dec 1, 2007 | Great American Credit Union | Wescom Central Credit Union |
| Dec 1, 2007 | The Montrose State Bank | Community State Bank |
| Dec 1, 2007 | S G V Water Company Federal Credit Union | El Monte Community Credit Union |
| Dec 1, 2007 | Partners Trust Municipal Bank | Manufacturers and Traders Trust Company |
| Dec 1, 2007 | American Bank | St. Martin Bank and Trust Company |
| Dec 1, 2007 | Arvin G and F Credit Union | Centra Credit Union |
| Dec 1, 2007 | Chicago Sun Times Employees Credit Union | South Division Credit Union |
| Dec 1, 2007 | Glendale Postal Federal Credit Union | Glendale Area Schools Credit Union |
| Dec 1, 2007 | Community Educational Federal Credit Union | Vantage Credit Union |
| Dec 1, 2007 | Torrco Employees Federal Credit Union | Founders Federal Credit Union |
| Dec 1, 2007 | Partners Trust Bank | Manufacturers and Traders Trust Company |
| Dec 1, 2007 | TSB Financial Corporation | SouthState Bank Corporation |
| Dec 1, 2007 | Mid-America Bancshares, Inc. | Pinnacle Financial Partners, Inc. |
| Dec 1, 2007 | DCB Delaware Financial Corporation | DCB Financial Corporation |
| Dec 1, 2007 | MSB Holding, Inc. | Community Bancorp, Inc. |
| Dec 1, 2007 | Live Oak Delaware Financial Corp. | Live Oak Financial Corp. |
| Dec 1, 2007 | Coast Bank of Florida | First Bank |
| Nov 30, 2007 | CenterState Bank Mid Florida | Centerstate Bank, N.A. |
| Nov 30, 2007 | RF Trust Company, Inc. | Regions Bank |
| Nov 30, 2007 | Signature Bancshares, Inc. | Equity Bancshares, Inc. |
| Nov 30, 2007 | McKinney-Scranton Federal Credit Union | Penn East Federal Credit Union |
| Nov 29, 2007 | Rose Rock Bank | Interbank |
| Nov 29, 2007 | Monument Area Federal Credit Union | J S C Federal Credit Union |
| Nov 28, 2007 | Great Lakes Trust Company, N.A. | Great Lakes Bank, National Association |
| Nov 27, 2007 | Wilserv Credit Union | Oklahoma Central Credit Union |
| Nov 27, 2007 | Central Baptist Church of Pittsburgh Federal Credit Union | Hill District Federal Credit Union |
| Nov 26, 2007 | (unnamed) | First Place Bank |
| Nov 20, 2007 | Westhoma Federal Credit Union | Ssmok Employees Federal Credit Union |
| Nov 19, 2007 | Texas Heritage Bancshares of Delaware, Inc. | TXN Bancshares, Inc. |
| Nov 17, 2007 | Community Banks, Inc. | Susquehanna Bancshares, Inc. |
| Nov 17, 2007 | Park Bank | Patriots Bank |
| Nov 17, 2007 | The Clifton Heights Savings & Loan Company | Cincinnati Federal |
| Nov 17, 2007 | CommunityBanks | Susquehanna Bank |
| Nov 17, 2007 | East Penn Financial Corporation | Harleysville National Corporation |
| Nov 17, 2007 | East Penn Bank | The Harleysville National Bank and Trust Company |
| Nov 16, 2007 | Your Bank | Fidelity Bank |
| Nov 15, 2007 | City Bancorp, Inc. | Pilgrim Bancorporation |
| Nov 15, 2007 | City Delaware Bancorp, Inc. | Pilgrim Bancorporation |
| Nov 13, 2007 | FNB Southeast | NewBridge Bank |
| Nov 12, 2007 | Wisconsin State Bank | Lincoln State Bank |
| Nov 12, 2007 | Community Bank Financial | Lincoln State Bank |
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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