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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
Jul 1, 2007 Y.T.W. Community Federal Credit Union PA Americhoice Federal Credit Union
Jul 1, 2007 Imperial Polk Employees Credit Union FL Midflorida Credit Union
Jul 1, 2007 Public Educational Employees Federal Credit Union PA Horizon Federal Credit Union
Jul 1, 2007 Secure Federal Credit Union PA Priority First Federal Credit Union
Jul 1, 2007 Grant Park Sand Federal Credit Union GA Bond Community Federal Credit Union
Jul 1, 2007 The Bank of New York Company, Inc. NY The Bank of New York Mellon Corporation
Jul 1, 2007 Mellon Financial Corporation PA The Bank of New York Mellon Corporation
Jul 1, 2007 SKY Financial Group, Inc. OH Huntington Bancshares Incorporated
Jul 1, 2007 Geneva Bancshares, Inc. AL State Capital Corporation
Jul 1, 2007 First Haralson Corporation GA WGNB Corp.
Jul 1, 2007 Excel Bank Corporation MN M&I LLC
Jul 1, 2007 Icnb Financial Corporation MI FirstBank Corporation
Jul 1, 2007 Mercantile Bank FL Carolina First Bank
Jul 1, 2007 Capital One, F.S.B. VA Capital One, N.A.
Jul 1, 2007 Sundowner Bankshares, Inc. DE Sundown Bankshares, Inc.
Jul 1, 2007 Charter Financial Corporation WA Boston Private Financial Holdings, Inc.
Jul 1, 2007 South Coastal Holdings MHC, Inc MA Mountainone Financial, MHC
Jun 30, 2007 Prairie Country Credit Union IL Credit Union 1
Jun 30, 2007 Bank of Rockbridge VA Transcommunity Bank, National Association
Jun 30, 2007 Bank of Louisa, National Association VA Transcommunity Bank, National Association
Jun 30, 2007 Bank of Powhatan, N.A. VA Transcommunity Bank, National Association
Jun 30, 2007 The Grange Bank OH American Bank
Jun 30, 2007 Bellville Holdings, Inc. DE Industry Bancshares, Inc.
Jun 30, 2007 Swiss Valley Farms Credit Union IA Cedar Falls Community Credit Union
Jun 30, 2007 Adam Plewacki Post 799 Federal Credit Union NY Buffalo Cooperative Federal Credit Union
Jun 30, 2007 Bell & Howell Employees Federal Credit Union PA First Commonwealth Federal Credit Union
Jun 30, 2007 Prime Financial Federal Credit Union WV First Choice America Community Federal Credit Union
Jun 30, 2007 Courier Journal and Times Credit Union KY Louchem Federal Credit Union
Jun 30, 2007 Belle City Credit Union WI Landmark Credit Union
Jun 30, 2007 Catholic Community Credit Union WI Southern Lakes Credit Union
Jun 23, 2007 First Coastal Bancshares CA CVB Financial Corp.
Jun 23, 2007 First Fidelity Bank, National Association AZ First Fidelity Bank
Jun 23, 2007 Penn Laurel Financial Corp. PA Northwest Bancorp, Inc.
Jun 23, 2007 Western Security Bank AZ First Fidelity Bank
Jun 23, 2007 CSB Bank PA Northwest Bank
Jun 23, 2007 First Coastal Bank, National Association CA Citizens Business Bank, N.A.
Jun 23, 2007 The First National Bank of Hudson MN Associated Bank, N.A.
Jun 22, 2007 I M C O Employees Credit Union TX America's Credit Union
Jun 22, 2007 Bank 10 MO Hawthorn Bank
Jun 22, 2007 Western Bank of Chinook National Association MT First Bank of Montana
Jun 21, 2007 Golden Prague Federal Savings and Loan Association MD Bradford Bank
Jun 21, 2007 Diablo Valley Bank CA Heritage Bank of Commerce
Jun 21, 2007 Senator Bank MD Bradford Bank
Jun 19, 2007 (unnamed) — TIB, N.A.
Jun 19, 2007 (unnamed) — United Central Bank
Jun 18, 2007 W.I. Company, Inc. AZ Western Security Bank
Jun 16, 2007 Port City Capital Bank NC Vantagesouth Bank
Jun 16, 2007 Shenandoah Valley National Bank VA Summit Community Bank, Inc
Jun 16, 2007 Public Bank FL Florida Choice Bank
Jun 16, 2007 The First National Bank of Newport PA Orrstown 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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