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 1, 2007 | Jeff City Bancorp, Inc. | Cedar Bancorp, Inc. |
| Sep 1, 2007 | Citizens Bank of Rhode Island | Citizens Bank, N.A. |
| Sep 1, 2007 | Sepulveda Federal Credit Union | Va Desert Pacific Federal Credit Union |
| Sep 1, 2007 | Minnesota's Credit Union | Oak Trust Credit Union |
| Sep 1, 2007 | Santa Cruz County School Personnel Credit Union | American Southwest Credit Union |
| Sep 1, 2007 | Citizens Bank of Connecticut | Citizens Bank, N.A. |
| Sep 1, 2007 | The Pantagraphers Federal Credit Union | Illinois State Credit Union |
| Sep 1, 2007 | Dallas Area Rapid Transit Federal Credit Union | City Credit Union |
| Sep 1, 2007 | Bank of Jefferson | Cooperative Bank |
| Sep 1, 2007 | McColls Credit Union | Sierra Central Credit Union |
| Sep 1, 2007 | Central Indiana Schools Community Federal Credit Union | Forum Credit Union |
| Sep 1, 2007 | Technology Groups Federal Credit Union | Mutual Security Credit Union, Inc. |
| Sep 1, 2007 | Kaw Gas Credit Union | Reliance Credit Union |
| Sep 1, 2007 | Citizens Bank New Hampshire | Citizens Bank, N.A. |
| Sep 1, 2007 | Citizens Bank of Massachusetts | Citizens Bank, N.A. |
| Sep 1, 2007 | Memphis Christian Benevolent Lodge Federal Credit Union | Memphis Municipal Employees Federal Credit Union |
| Sep 1, 2007 | The Bank of Navasota, National Association | Prosperity Bank |
| Sep 1, 2007 | Centerville State Bank | Citizens Bank, National Association |
| Sep 1, 2007 | Charter One Bank, National Association | Citizens Bank, N.A. |
| Sep 1, 2007 | Merriam Federal Credit Union | Matadors Community Credit Union |
| Aug 31, 2007 | SKY Trust, N.A. | The Huntington National Bank |
| Aug 31, 2007 | First Mid-America Bancorp, Inc. | The State Bank of Annawan |
| Aug 25, 2007 | Farmers and Merchants Bank | Pinnacle Bank |
| Aug 25, 2007 | First State Bank | Waypoint Bank |
| Aug 25, 2007 | Community Bancs of Oklahoma, Inc. | Twenty-First Century Financial Services Company |
| Aug 25, 2007 | Westborough Savings Bank | Avidia Bank |
| Aug 25, 2007 | Cheyenne Mountain Bank | Legacy Bank |
| Aug 24, 2007 | Citizens City & County Bank | Centennial Bank |
| Aug 22, 2007 | Zion Cincinnati Federal Credit Union | Cincinnati Healthcare Associates Federal Credit Union |
| Aug 20, 2007 | Research Federal Credit Union | Community Choice Credit Union |
| Aug 18, 2007 | (unnamed) | Bear State Bank |
| Aug 18, 2007 | Coastal Federal Bank | Truist Bank |
| Aug 18, 2007 | Desert Community Bank | East West Bank |
| Aug 17, 2007 | The Salt Creek Valley Bank | Vinton County National Bank |
| Aug 17, 2007 | Salt Creek Valley Bancshares, Inc. | Community Bancshares, Inc. |
| Aug 17, 2007 | Peoples Bank | The Heritage Bank |
| Aug 15, 2007 | Platte Center Bank | Bank of the Valley |
| Aug 10, 2007 | Kentucky National Bank of Pikeville | Citizens Bank of Kentucky, Inc |
| Aug 4, 2007 | The Bank of Spring Valley | Pillar Bank |
| Aug 4, 2007 | First National Corporation | F.N.B. Corporation |
| Aug 4, 2007 | FirstBank of Greeley | FirstBank of Northern Colorado |
| Aug 1, 2007 | Hudson Valley Investment Corp. | Hudson Valley Bank, N.A. |
| Aug 1, 2007 | County Bancshares, Inc. | Stellar Bancorp Inc. |
| Aug 1, 2007 | Main Street Trust, Inc. | First Busey Corporation |
| Aug 1, 2007 | Pepperell Bancshares Financial Group, Inc. | Bangor Bancorp, MHC |
| Aug 1, 2007 | Huntington Insurance Agency Services, Inc. | Huntington Bancshares Incorporated |
| Aug 1, 2007 | All Saints Credit Union | St. Louis Community Credit Union |
| Aug 1, 2007 | Pittsburgh Plate Glass Baltimore Employees Federal Credit Union | Five Star of Maryland Federal Credit Union |
| Aug 1, 2007 | BankPlus, FSB | Heartland Bank and Trust Company |
| Aug 1, 2007 | Latvian Credit Union | Latvian Heritage 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 |
Browse adjacent years: 2006 · 2008
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