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 |
|---|---|---|
| Dec 1, 2007 | North Atlanta National Bank | Shinhan Bank America |
| Dec 1, 2007 | Banctrust Company, Inc. | BankTrust |
| Dec 1, 2007 | FNB Financial Corporation | Southern Michigan Bancorp, Inc. |
| Dec 1, 2007 | Plano Bancshares of Delaware, Inc. | Legacytexas Group, Inc. |
| Dec 1, 2007 | Bank of Salem | Frontier Bank |
| Dec 1, 2007 | Oak Hill Financial, Inc. | WesBanco, Inc. |
| Dec 1, 2007 | Tiger Federal Credit Union | Xceed Financial Credit Union |
| Dec 1, 2007 | Golden Bay Federal Credit Union | Meriwest Credit Union |
| Dec 1, 2007 | Mt. Morris Savings and Loan Association | Sterling Federal Bank, Federal Savings Bank |
| Dec 1, 2007 | Great American Credit Union | Wescom Central Credit Union |
| Dec 1, 2007 | The Montrose State Bank | Community State Bank |
| Dec 1, 2007 | S G V Water Company Federal Credit Union | El Monte Community Credit Union |
| Dec 1, 2007 | Partners Trust Municipal Bank | Manufacturers and Traders Trust Company |
| Dec 1, 2007 | American Bank | St. Martin Bank and Trust Company |
| Dec 1, 2007 | Arvin G and F Credit Union | Centra Credit Union |
| Dec 1, 2007 | Chicago Sun Times Employees Credit Union | South Division Credit Union |
| Dec 1, 2007 | Glendale Postal Federal Credit Union | Glendale Area Schools Credit Union |
| Dec 1, 2007 | Community Educational Federal Credit Union | Vantage Credit Union |
| Dec 1, 2007 | Torrco Employees Federal Credit Union | Founders Federal Credit Union |
| Dec 1, 2007 | Partners Trust Bank | Manufacturers and Traders Trust Company |
| Dec 1, 2007 | TSB Financial Corporation | SouthState Bank Corporation |
| Dec 1, 2007 | Mid-America Bancshares, Inc. | Pinnacle Financial Partners, Inc. |
| Dec 1, 2007 | DCB Delaware Financial Corporation | DCB Financial Corporation |
| Dec 1, 2007 | MSB Holding, Inc. | Community Bancorp, Inc. |
| Dec 1, 2007 | Live Oak Delaware Financial Corp. | Live Oak Financial Corp. |
| Dec 1, 2007 | Coast Bank of Florida | First Bank |
| Nov 30, 2007 | CenterState Bank Mid Florida | Centerstate Bank, N.A. |
| Nov 30, 2007 | RF Trust Company, Inc. | Regions Bank |
| Nov 30, 2007 | Signature Bancshares, Inc. | Equity Bancshares, Inc. |
| Nov 30, 2007 | McKinney-Scranton Federal Credit Union | Penn East Federal Credit Union |
| Nov 29, 2007 | Rose Rock Bank | Interbank |
| Nov 29, 2007 | Monument Area Federal Credit Union | J S C Federal Credit Union |
| Nov 28, 2007 | Great Lakes Trust Company, N.A. | Great Lakes Bank, National Association |
| Nov 27, 2007 | Wilserv Credit Union | Oklahoma Central Credit Union |
| Nov 27, 2007 | Central Baptist Church of Pittsburgh Federal Credit Union | Hill District Federal Credit Union |
| Nov 26, 2007 | (unnamed) | First Place Bank |
| Nov 20, 2007 | Westhoma Federal Credit Union | Ssmok Employees Federal Credit Union |
| Nov 19, 2007 | Texas Heritage Bancshares of Delaware, Inc. | TXN Bancshares, Inc. |
| Nov 17, 2007 | Community Banks, Inc. | Susquehanna Bancshares, Inc. |
| Nov 17, 2007 | Park Bank | Patriots Bank |
| Nov 17, 2007 | The Clifton Heights Savings & Loan Company | Cincinnati Federal |
| Nov 17, 2007 | CommunityBanks | Susquehanna Bank |
| Nov 17, 2007 | East Penn Financial Corporation | Harleysville National Corporation |
| Nov 17, 2007 | East Penn Bank | The Harleysville National Bank and Trust Company |
| Nov 16, 2007 | Your Bank | Fidelity Bank |
| Nov 15, 2007 | City Bancorp, Inc. | Pilgrim Bancorporation |
| Nov 15, 2007 | City Delaware Bancorp, Inc. | Pilgrim Bancorporation |
| Nov 13, 2007 | FNB Southeast | NewBridge Bank |
| Nov 12, 2007 | Wisconsin State Bank | Lincoln State Bank |
| Nov 12, 2007 | Community Bank Financial | Lincoln State 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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