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 |
|---|---|---|
| Jun 9, 2007 | Johnsonville State Bank | The Citizens Bank |
| Jun 9, 2007 | Pamplico Bank and Trust Company | The Citizens Bank |
| Jun 8, 2007 | Commercial Bank of Florida | Colonial Bank |
| Jun 8, 2007 | Fortress Bank Minnesota | Eastwood Bank |
| Jun 2, 2007 | Commercial Bankshares, Inc. | The Colonial Bancgroup, Inc. |
| Jun 2, 2007 | The Tupper Lake National Bank | Community Bank, N.A. |
| Jun 2, 2007 | TLNB Financial Corp. | Community Financial System, Inc. |
| Jun 2, 2007 | First Brandon National Bank | Lake Sunapee Bank, FSB |
| Jun 1, 2007 | Fort Knox National Bank | Citizens Union Bank of Shelbyville |
| Jun 1, 2007 | FHMSH, Inc. | First Horizon Bank |
| Jun 1, 2007 | United Heritage Bank | M&I Marshall and Ilsley Bank |
| Jun 1, 2007 | Gwinnett Commercial Group, Inc. | United Community Banks, Inc. |
| Jun 1, 2007 | The Bank of Richmond, National Association | Gateway Bank & Trust Company |
| Jun 1, 2007 | County National Bank | Sandy Spring Bank |
| Jun 1, 2007 | CN Bancorp, Inc. | Sandy Spring Bancorp, Inc. |
| Jun 1, 2007 | BBVA USA Bancshares of Delaware, Inc. | BBVA Compass Bancshares, Inc. |
| Jun 1, 2007 | State National Bancshares of Delaware, Inc. | BBVA Compass Bancshares, Inc. |
| Jun 1, 2007 | First Horizon Home Loan Corporation | First Horizon Bank |
| Jun 1, 2007 | Ft Mortgage Holding Corporation | First Horizon Bank |
| Jun 1, 2007 | Fort Knox National Bancorp, Inc. | Citizens Union Bancorp of Shelbyville, Inc. |
| Jun 1, 2007 | Fina Bancorp, Inc. | 1st Source Corporation |
| Jun 1, 2007 | Texas Regional Bancshares, Inc. | BBVA USA Bancshares, Inc. |
| Jun 1, 2007 | BBVA USA Bancshares, Inc. | BBVA USA Bancshares, Inc. |
| Jun 1, 2007 | Lansing Area Catholic Credit Union | Alliance Catholic Credit Union |
| Jun 1, 2007 | Town & Country Family Credit Union | Frankenmuth Credit Union |
| Jun 1, 2007 | Agawam Federal Credit Union | Holyoke Credit Union |
| Jun 1, 2007 | Credit Union Northwest | Seattle Metropolitan Credit Union |
| Jun 1, 2007 | Union Employees Federal Credit Union | Union Yes Federal Credit Union |
| Jun 1, 2007 | Citizens State Bank | Arbor Bank |
| Jun 1, 2007 | Emmaus Lutheran Federal Credit Union | B.C.S. Community Credit Union |
| Jun 1, 2007 | Icc RDG Federal Credit Union | Clearchoice Federal Credit Union |
| May 31, 2007 | Communities United Credit Union | Great Plains Federal Credit Union |
| May 26, 2007 | The Delta Bank | The First National Bank in Cooper |
| May 25, 2007 | Bay First Bank. National Association | BLC Bank N.A. |
| May 25, 2007 | Pennsylvania State Bank | BLC Bank N.A. |
| May 25, 2007 | Exchange Bank | The Nodaway Valley Bank |
| May 25, 2007 | Bank of Hanover and Trust Company | BLC Bank N.A. |
| May 24, 2007 | The Chinese American Bank | United Commercial Bank |
| May 24, 2007 | Cab Holding, LLC | Ucbh Holdings, Inc. |
| May 23, 2007 | SSSB Delaware Bancorporation, Inc. | Alliance Bancshares, Inc. |
| May 19, 2007 | Cumberland Bank | GreenBank |
| May 19, 2007 | F.N.B. Bancorporation, Inc. | The Bank of Kentucky Financial Corporation |
| May 19, 2007 | First Bank of Northern Kentucky, Inc. | The Bank of Kentucky, Inc. |
| May 19, 2007 | Civitas Bankgroup, Inc. | Green Bankshares, Inc. |
| May 19, 2007 | Calais Federal Savings and Loan Association | The Bank of Maine |
| May 16, 2007 | Fitchburg Community Federal Credit Union | Gfa Federal Credit Union |
| May 16, 2007 | Griffin Bancshares, Inc. | Page Bancshares, Inc. |
| May 14, 2007 | Courier Employees Credit Union | Meridian Credit Union |
| May 12, 2007 | BankTrust of Alabama | BankTrust |
| May 12, 2007 | Conestoga Bank | Conestoga Bank |
The list holds 500 of the 810 mergers recorded for 2007.
Enforcement Actions in 2007
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Mar 26, 2007 | OCC | The Bank of Miami, N.A. | Civil Money Penalty (CMP): Moynahan, Stephen |
| Mar 26, 2007 | OCC | The Bank of Miami, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Moynahan, Stephen |
| Mar 20, 2007 | OCC | First National Bank PLC | Civil Money Penalty (CMP): Johnson, Renea S. |
| Mar 20, 2007 | OCC | First National Bank PLC | Prohibition/Removal Orders: Johnson, Renea S. |
| Mar 20, 2007 Released Mar 23, 2007 | FRB | Cache Valley Banking Company | Cease and Desist Order: Cache Valley Banking Company, Logan, UT and Cache Valley Bank, … |
| Mar 16, 2007 | OCC | Terrabank, N.A. | Civil Money Penalty (CMP): Blandon, Roberto |
| Mar 16, 2007 | OCC | Nbank, N.A. | Prohibition/Removal Orders: Walton, Ronald |
| Mar 16, 2007 | OCC | Terrabank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Blandon, Roberto |
| Mar 15, 2007 Released Mar 22, 2007 | FRB | (individual) | Written Agreement: North Valley Bank, Zanesville, OH |
| Mar 2, 2007 | OCC_OTS | (individual) | Orders of Removal/Prohibition: Jahniqua Millington |
| Mar 2, 2007 Released Mar 13, 2007 | FRB | Intesa Sanpaolo S.P.A. | Written Agreement: Intesa Sanpaolo S.p.A., Turin, Italy and Intesa Sanpaolo S.p.A. New York Branch, … |
| Mar 2, 2007 Released Mar 6, 2007 | FRB | Banco de La Nacion Argentina | Written Agreement: Banco de la Nacion Argentina, Buenos Aires, Argentina and Banco de la … |
| Mar 1, 2007 | OCC_OTS | First Federal Savings and Loan Association of Bucks Co | Cease and Desist: First Federal Savings and Loan Asociation of Bucks County |
| Feb 26, 2007 | OCC | First Tennessee Bank, National Association | C&D or PC&D Requiring Restitution: Serratore, James |
| Feb 26, 2007 | OCC | First Tennessee Bank, National Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Serratore, James |
| Feb 26, 2007 | OCC | First Tennessee Bank, National Association | Prohibition/Removal Orders: Serratore, James |
| Feb 26, 2007 | OCC | First Tennessee Bank, National Association | Civil Money Penalty (CMP): Serratore, James |
| Feb 26, 2007 | OCC_OTS | Park Bancorp, Inc. | Supervisory Agreement: Park Federal Savings Bank |
| Feb 22, 2007 Released Feb 23, 2007 | FRB | Civitas Bankgroup, Inc. | Prohibition from Banking: Seresa Morgan |
| Feb 15, 2007 | OCC | The First National Bank of Fremont | Prohibition/Removal Orders: McNaughton, Earlford Foy |
| Feb 15, 2007 | OCC | The First National Bank of Fremont | Civil Money Penalty (CMP): McNaughton, Earlford Foy |
| Feb 12, 2007 | OCC | Terrabank, N.A. | Civil Money Penalty (CMP): Martinez, Laudelina |
| Feb 12, 2007 | OCC | Terrabank, N.A. | Prohibition/Removal Orders: Martinez, Laudelina |
| Feb 12, 2007 | OCC | U.S. Bank N.A. | Prohibition/Removal Orders: Cobb, Theresa |
| Feb 12, 2007 | OCC_OTS | Peoples Federal Savings and Loan Association | Cease and Desist: Peoples Federal Savings and Loan Association |
| Feb 12, 2007 | OCC | U.S. Bank N.A. | C&D or PC&D Requiring Restitution: Cobb, Theresa |
| Feb 12, 2007 | OCC | The Bank of Miami, N.A. | Civil Money Penalty (CMP): International Bank of Miami, National Association |
| Feb 8, 2007 | OCC | First National Bank in Homer | Prohibition/Removal Orders: Johnston, John R. |
| Feb 8, 2007 | OCC | First National Bank in Homer | Civil Money Penalty (CMP): Johnston, John R. |
| Jan 31, 2007 | OCC | First United Bank, National Association | Civil Money Penalty (CMP): Baltz, Stephen |
| Jan 30, 2007 Released Feb 1, 2007 | FRB | Exchange Bank of Missouri | Prohibition from Banking: Perry D. Lane |
| Jan 29, 2007 | OCC | Commerce Bank/Harrisburg National Association | Formal Agreement: Commerce Bank/Harrisburg National Association |
| Jan 29, 2007 | OCC | The First National Bank of Fremont | Civil Money Penalty (CMP): Christlieb, Thomas |
| Jan 29, 2007 | OCC | The First National Bank of Fremont | Prohibition/Removal Orders: Christlieb, Thomas |
| Jan 23, 2007 Released Jan 24, 2007 | FRB | Pacific Mercantile Bank | Civil Money Penalty $6,850: Pacific Mercantile Bank, Costa Mesa, CA |
| Jan 22, 2007 Released Jan 24, 2007 | FRB | Sumitomo Mitsui Banking Corporation | Written Agreement: Sumitomo Mitsui Banking Corporation, Tokyo, Japan and Sumitomo Mitsui Banking Corporation New … |
| Jan 19, 2007 | OCC | Hamilton Bank, N.A. | Prohibition/Removal Orders: Jacobs, John M.R. |
| Jan 19, 2007 | OCC | First Tennessee Bank, National Association | Prohibition/Removal Orders: Faccenda, Aileen |
| Jan 19, 2007 | OCC | First Tennessee Bank, National Association | Civil Money Penalty (CMP): Faccenda, Aileen |
| Jan 18, 2007 | OCC | United Bank for Africa PLC | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): United Bank For Africa PLC |
| Jan 17, 2007 | OCC | The First National Bank of Germantown | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Scarberry, Kermit Blane |
| Jan 17, 2007 | OCC | The First National Bank of Germantown | Civil Money Penalty (CMP): Scarberry, Kermit Blane |
| Jan 16, 2007 | OCC | Webster Bank, N.A. | Civil Money Penalty (CMP): Webster Bank, National Association |
| Jan 8, 2007 | OCC | CITIC Ka Wah Bank Limited | Formal Agreement: Citic Ka Wah Bank Limited |
| Jan 8, 2007 | OCC | (individual) | Formal Agreement: Citic Ka Wah Bank Limited |
| Jan 8, 2007 | OCC | Landmark Bank, National Association | Prohibition/Removal Orders: Burnett, Wesley D. |
| Jan 8, 2007 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Williams, Maurice |
| Jan 5, 2007 | OCC | American National Bank | Civil Money Penalty (CMP): McKinsey, Shaun L. |
| Jan 5, 2007 | OCC | American National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): McKinsey, Shaun L. |
| Jan 5, 2007 | OCC | LaSalle Bank Midwest National Association | Civil Money Penalty (CMP): Lasalle Bank MidWest National Association |
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