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 |
|---|---|---|
| Nov 12, 2007 | Grafton State Bank | Lincoln State Bank |
| Nov 12, 2007 | Fortress Bank | Lincoln State Bank |
| Nov 12, 2007 | The Reedsburg Bank | Lincoln State Bank |
| Nov 11, 2007 | First National Bank of North County | C3BANK, N.A. |
| Nov 10, 2007 | Main Street Bank & Trust | Busey Bank |
| Nov 10, 2007 | Bonham Financial Services, Inc. | Legend Financial Corporation |
| Nov 10, 2007 | Bonstate Bancshares, Inc. | Legend Bancorp, Inc. |
| Nov 10, 2007 | Stamford Bank Corp. | Delaware Bancshares, Inc. |
| Nov 10, 2007 | The National Bank of Stamford | The National Bank of Delaware County |
| Nov 10, 2007 | Bonham State Bank | Legend Bank, N. A. |
| Nov 9, 2007 | First Security Bank of Mountain Home | First Security Bank |
| Nov 8, 2007 | Lakewood Schools Credit Union, Inc. | The Ohio Educational Credit Union, Inc. |
| Nov 6, 2007 | Millstadt Bancshares, Inc. | Central Bancompany, Inc |
| Nov 6, 2007 | Security Delaware Financial Corporation | Security State Bancshares, Inc. |
| Nov 6, 2007 | First National Bank of Millstadt | Central Bank of St. Louis |
| Nov 5, 2007 | Warren Area Federal Credit Union | Mountain Laurel Federal Credit Union |
| Nov 4, 2007 | Tulane Memorial Baptist Church Federal Credit Union | CY-Co Federal Credit Union |
| Nov 3, 2007 | R-G Crown Bank | Fifth Third Bank |
| Nov 3, 2007 | The First National Bank of Pine City | Rural American Bank - Braham |
| Nov 3, 2007 | R-G Crown Bank | Fifth Third Bank, National Association |
| Nov 3, 2007 | Vista Federal Credit Union | Partners Federal Credit Union |
| Nov 2, 2007 | Amtex Delaware Financial Corporation | Amtex Bancshares, Inc. |
| Nov 2, 2007 | Nebraska State Bank of Omaha | Mutual of Omaha Bank |
| Nov 1, 2007 | First National Bank-Employee Owned | AmericaUnited Bank and Trust Company USA |
| Nov 1, 2007 | Vintage Shares Delaware, Inc. | Vintage Shares, Inc. |
| Nov 1, 2007 | Outsource Delaware Holdings, Inc. | Outsource Holdings, Inc. |
| Nov 1, 2007 | Pocono Community Bank | First Keystone Community Bank |
| Nov 1, 2007 | Outsource Delaware Capital Group, Inc. | First Bank Lubbock Bancshares, Inc. |
| Nov 1, 2007 | San Juan Community Federal Credit Union | Security First Federal Credit Union |
| Nov 1, 2007 | Community Bank and Trust Company | Ocean Bank |
| Nov 1, 2007 | Eagle Fidelity, Inc. | Forcht Bancorp, Inc. |
| Nov 1, 2007 | Antioch Bancshares, Inc. | National Bancorp, Inc. |
| Nov 1, 2007 | Bristol Federal Employees Federal Credit Union | United Southeast Federal Credit Union |
| Nov 1, 2007 | Bell General Office Credit Union | Credit Union 1 |
| Nov 1, 2007 | Phifer Wire Credit Union | Alabama Credit Union |
| Nov 1, 2007 | Fitters Local 58 Federal Credit Union | Climb Credit Union |
| Nov 1, 2007 | Midwest Community Credit Union | I. H. Mississippi Valley Credit Union |
| Nov 1, 2007 | Coles County Postal Employees Credit Union | Land of Lincoln Credit Union |
| Nov 1, 2007 | First Bank and Trust | Liberty Bank, F.S.B. |
| Nov 1, 2007 | Schools Plus Community Credit Union | First Community Credit Union |
| Nov 1, 2007 | Midwest United Credit Union | Communityamerica Federal Credit Union |
| Nov 1, 2007 | The Martha's Vineyard Co-operative Bank of Tisbury | Martha's Vineyard Bank |
| Nov 1, 2007 | Health Services Credit Union | Aim Credit Union |
| Nov 1, 2007 | Local 628 Ibt Federal Credit Union | American Heritage Federal Credit Union |
| Nov 1, 2007 | Bridgewater Co-operative Bank | Mechanics Cooperative Bank |
| Nov 1, 2007 | G S a 8 Federal Credit Union | Foothills Credit Union |
| Oct 31, 2007 | Ednat Employees Federal Credit Union | First Point Federal Credit Union |
| Oct 30, 2007 | Peak National Bank | Mutual of Omaha Bank |
| Oct 27, 2007 | Western Bank of Cheyenne | Western States Bank |
| Oct 26, 2007 | Fortress Bank of Cresco | Decorah Bank and Trust Company |
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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