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 |
|---|---|---|
| Sep 25, 2007 | Osb Delaware Financial Services, Inc. | Osb Financial Services, Inc. |
| Sep 22, 2007 | Luzo Community Bank | Fall River Five Cents Savings Bank |
| Sep 22, 2007 | The Factory Point National Bank of Manchester Center | Berkshire Bank |
| Sep 22, 2007 | Placer Sierra Bank | Wells Fargo Bank, N.A. |
| Sep 22, 2007 | First Republic Bank | Merrill Lynch Bank & Trust Co., FSB |
| Sep 22, 2007 | First United Bank, National Association | Colorado State Bank and Trust, N. A. |
| Sep 22, 2007 | Bank of Dadeville | First American Bank |
| Sep 21, 2007 | The First National Bank in Cannon Falls | Merchants Bank, N.A. |
| Sep 21, 2007 | Liberty Payment Services, Inc. | JPMorgan Chase Bank, N.A. |
| Sep 21, 2007 | Jerema, Inc. | Merchants Financial Group, Inc. |
| Sep 21, 2007 | SKY Bank | The Huntington National Bank |
| Sep 21, 2007 | Merchants Bank, National Association | Merchants Bank, N.A. |
| Sep 15, 2007 | Mercantile Southern Maryland Bank | PNC Bank, N.A. |
| Sep 15, 2007 | First Community Bancorp, Inc. | Hometown Bancshares, Inc. |
| Sep 15, 2007 | Independent Bank-West Michigan | Independent Bank |
| Sep 15, 2007 | MainSource Bank - Crawfordsville | MainSource Bank |
| Sep 15, 2007 | Mercantile Eastern Shore Bank | PNC Bank, N.A. |
| Sep 15, 2007 | The First National Bank of St. Marys | Union Bank, Inc. |
| Sep 15, 2007 | The Annapolis Banking and Trust Company | PNC Bank, N.A. |
| Sep 15, 2007 | Farmers & Mechanics Bank | PNC Bank, N.A. |
| Sep 15, 2007 | Marshall National Bank and Trust Company | PNC Bank, N.A. |
| Sep 15, 2007 | Mercantile County Bank | PNC Bank, N.A. |
| Sep 15, 2007 | Westminster Union Bank | PNC Bank, N.A. |
| Sep 15, 2007 | Nekoosa Federal Credit Union | Atlanta Federal Credit Union |
| Sep 15, 2007 | Monticello Bank | Capitalsouth Bank |
| Sep 15, 2007 | The National Bank of Fredericksburg | PNC Bank, N.A. |
| Sep 15, 2007 | The Citizens National Bank | PNC Bank, N.A. |
| Sep 15, 2007 | Mercantile-Safe Deposit and Trust Company | PNC Bank, N.A. |
| Sep 15, 2007 | Independent Bank East Michigan | Independent Bank |
| Sep 15, 2007 | Mercantile Peninsula Bank | PNC Bank, N.A. |
| Sep 15, 2007 | Saline State Bank | First State Bank Nebraska |
| Sep 15, 2007 | Independent Bank - South Michigan | Independent Bank |
| Sep 14, 2007 | First Paducah Bancshares of Delaware | First Paducah Bancshares of Texas, Inc. |
| Sep 14, 2007 | Progress Bancshares, Inc. | First State Bancshares, Inc. |
| Sep 10, 2007 | Peachtree National Bank | Bank of North Georgia |
| Sep 10, 2007 | First Nation Bank | Bank of North Georgia |
| Sep 8, 2007 | Brookline Co-operative Bank | Peoples Federal Savings Bank |
| Sep 7, 2007 | Deerfield Bancshares, Inc. | First Capital Bancshares, Inc. |
| Sep 7, 2007 | The Clarksburg Commercial Bank | The Citizens National Bank of Chillicothe |
| Sep 6, 2007 | Intercontinental Bank Shares Corporation of Delaware | Amegy Holding Delaware, Inc. |
| Sep 6, 2007 | Intercontinental Bank Shares Corporation | Amegy Holding Delaware, Inc. |
| Sep 6, 2007 | Intercontinental National Bank | Amegy Bank National Association |
| Sep 4, 2007 | Falls Federal Credit Union | Tri State Area Federal Credit Union |
| Sep 1, 2007 | RBS National Bank | Citizens Bank, N.A. |
| Sep 1, 2007 | Cygnet Financial Corporation | Florida Bank Group, Inc. |
| Sep 1, 2007 | Citizens Bank | Citizens Bank, N.A. |
| Sep 1, 2007 | Community Bank of Texas, N. A. | Southwest Bank |
| Sep 1, 2007 | FDB-Nevada, Inc. | Fort Davis Bancshares, Inc. |
| Sep 1, 2007 | Cco Mortgage Corp. | Citizens Bank, N.A. |
| Sep 1, 2007 | (unnamed) | National City Corporation |
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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