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 10, 2007 | Frontier Trust Company, FSB | Ascensus Trust Company |
| Jul 5, 2007 | Citigroup Japan Investments LLC | Citigroup Inc. |
| Jul 2, 2007 | Rountree Credit Union | Dupaco Community Credit Union |
| Jul 2, 2007 | Penguin Acquisition, LLC | Huntington Bancshares Incorporated |
| Jul 2, 2007 | Landmark National Bank | 1st Pacific Bank of California |
| Jul 2, 2007 | Capital Bancorp, Inc. | Renasant Corporation |
| Jul 2, 2007 | Marlborough Bancorp | Butler Bancorp, MHC |
| Jul 2, 2007 | Co-Op Holdings, Inc. | United States Trust Company , National Association |
| Jul 2, 2007 | The Signature Bank | Cadence Bank |
| Jul 2, 2007 | Ust Mortgage Company | United States Trust Company , National Association |
| Jul 2, 2007 | Investors Financial Services Corp. | State Street Corporation |
| Jul 2, 2007 | Midwest United Federal Credit Union | Jackson Community Federal Credit Union |
| Jul 2, 2007 | U.S. Trust Corporation | NB Holdings Corporation |
| Jul 2, 2007 | Capital Bank & Trust Company | Renasant Bank |
| Jul 2, 2007 | Wilson Bancshares, Inc. | Outsource Delaware Capital Group, Inc. |
| Jul 2, 2007 | Investors Bank & Trust Company | State Street Bank and Trust Company |
| Jul 2, 2007 | California's First Federal Credit Union | Center City Community Credit Union |
| Jul 2, 2007 | Crestwood Community Federal Credit Union | Michigan Legacy Credit Union |
| Jul 2, 2007 | Share Federal Credit Union | Chevron Federal Credit Union |
| Jul 2, 2007 | Member Service Federal Credit Union | United Arkansas Federal Credit Union |
| Jul 2, 2007 | Wilson State Bank | First Bank & Trust |
| Jul 2, 2007 | Knudsen Federal Credit Union | Center City Community Credit Union |
| Jul 2, 2007 | WY-South Federal Credit Union | Michigan Legacy Credit Union |
| Jul 1, 2007 | Twin Peaks Credit Union | Cyprus Federal Credit Union |
| Jul 1, 2007 | Encore Bank, National Association | Encore Bank, National Association |
| Jul 1, 2007 | First National Bank of Georgia | First National Bank of Georgia |
| Jul 1, 2007 | Union Leader Employees Credit Union | Triangle Credit Union |
| Jul 1, 2007 | Employes' Credit Union | Midwest Regional Credit Union |
| Jul 1, 2007 | C M P E a Federal Credit Union | Freedom United Federal Credit Union |
| Jul 1, 2007 | Guadalupe Valley Federal Credit Union | Randolph-Brooks Federal Credit Union |
| Jul 1, 2007 | Ipswich Co-operative Bank | Institution for Savings in Newburyport and Its Vicinity |
| Jul 1, 2007 | Dunedin Municipal Employees Federal Credit Union | Achieva Credit Union |
| Jul 1, 2007 | Chesapeake & Ohio Employees Federal Credit Union | Partners Financial Federal Credit Union |
| Jul 1, 2007 | Page Federal Credit Union | Pantex Federal Credit Union |
| Jul 1, 2007 | Obelisk Federal Credit Union | Centra Credit Union |
| Jul 1, 2007 | Old Second Bank-Yorkville | Old Second National Bank |
| Jul 1, 2007 | The Glouster Community Bank | Unified Bank |
| Jul 1, 2007 | The American Bank | State Bank & Trust Company |
| Jul 1, 2007 | Good News Federal Credit Union | Diablo Valley Federal Credit Union |
| Jul 1, 2007 | Buffalo Ryerson Federal Credit Union | Empire One Federal Credit Union |
| Jul 1, 2007 | Utah Valley Credit Union | Utah First Federal Credit Union |
| Jul 1, 2007 | Diocese of Corpus Christi Federal Credit Union | Security Service Federal Credit Union |
| Jul 1, 2007 | South Texas Credit Union | Texstar Federal Credit Union |
| Jul 1, 2007 | Hillside Municipal Employees Federal Credit Union | Elizabeth, NJ Firemen's Federal Credit Union |
| Jul 1, 2007 | Old Second Bank-Kane County | Old Second National Bank |
| Jul 1, 2007 | Marta Employees Federal Credit Union | Fort McPherson Credit Union |
| Jul 1, 2007 | Placer Community Credit Union | First U.S. Community Credit Union |
| Jul 1, 2007 | Cape Cod Gas Employees Federal Credit Union | First Citizens Federal Credit Union |
| Jul 1, 2007 | Commerce Bank | Commerce Bank |
| Jul 1, 2007 | First Link Federal Credit Union | The Summit 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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