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 |
|---|---|---|
| Oct 26, 2007 | Yardville National Bancorp | The PNC Financial Services Group, Inc. |
| Oct 26, 2007 | The State Bank of Annawan | Bankorion |
| Oct 25, 2007 | Brunswick Bancshares, Inc. | BSB Bancshares, Inc. |
| Oct 20, 2007 | Henry County Bank | Two Rivers Bank & Trust |
| Oct 20, 2007 | Alaska First Bank & Trust, National Association | Northrim Bank |
| Oct 18, 2007 | BBVA USA Bancshares, Inc. | BBVA USA Bancshares, Inc. |
| Oct 16, 2007 | The Peoples Banctrust Company, Inc. | Banctrust Financial Group, Inc. |
| Oct 15, 2007 | Birmingham Federal Employees Credit Union | Legacy Community Federal Credit Union |
| Oct 15, 2007 | The Mortgage Banc, Inc. | South State Bank |
| Oct 13, 2007 | Business First National Bank | Heritage Oaks Bank |
| Oct 13, 2007 | City Savings Bank | The La Porte Savings Bank |
| Oct 10, 2007 | NCW Community Bank | Banner Bank |
| Oct 6, 2007 | The Exchange National Bank of Jefferson City | Hawthorn Bank |
| Oct 6, 2007 | Bryant-Irvin Bancshares, Inc. | The ANB Corporation |
| Oct 5, 2007 | Weyerhaeuser Magnolia Federal Credit Union | McComb Federal Credit Union |
| Oct 5, 2007 | Bryant Irvin Delaware Corporation | Bryant-Irvin Bancshares, Inc. |
| Oct 2, 2007 | Twin City P O Federal Credit Union | Niagara Regional Federal Credit Union |
| Oct 2, 2007 | First Community Bank | Lake Sunapee Bank, FSB |
| Oct 1, 2007 | Synergy Bank | Flagstar Bank, N.A. |
| Oct 1, 2007 | Greer Financial Services Corporation | Greer State Bank |
| Oct 1, 2007 | Mount Prospect National Bank | Midwest Bank and Trust Company |
| Oct 1, 2007 | Northwest Suburban Bancorp, Inc. | Midwest Banc Holdings, Inc. |
| Oct 1, 2007 | Capitalia S.P.A. | Unicredit S.P.A. |
| Oct 1, 2007 | Ohio County Bancshares, Inc. | Limestone Bancorp, Inc |
| Oct 1, 2007 | Chisholm Trail Federal Credit Union | White Eagle Credit Union |
| Oct 1, 2007 | Cardunal Savings Bank, FSB | Park National Bank |
| Oct 1, 2007 | V a West Side Hospital Federal Credit Union | South Division Credit Union |
| Oct 1, 2007 | Salt Lake Wonder Federal Credit Union | Utah First Federal Credit Union |
| Oct 1, 2007 | Aluminum Shapes Employees Federal Credit Union | Garden State Federal Credit Union |
| Oct 1, 2007 | First Savings Bank, A FSB | Peoples Federal Savings Bank of DeKalb County |
| Oct 1, 2007 | Geneva Area School Employees Credit Union Inc. | Community First Credit Union |
| Oct 1, 2007 | Kentucky Trust Bank | Limestone Bank, Inc. |
| Oct 1, 2007 | Des Plaines Valley Credit Union | Abri Credit Union |
| Oct 1, 2007 | New Britain Municipal Employees Credit Union | Achieve Financial Credit Union |
| Oct 1, 2007 | Tennessee Paper Mills Credit Union | River City United Credit Union |
| Oct 1, 2007 | Tri-Linc Federal Credit Union | Aspire Federal Credit Union |
| Oct 1, 2007 | Line Material Employees Federal Credit Union | Valor Federal Credit Union |
| Oct 1, 2007 | Caldwell C. G. B. Employees Credit Union, Inc. | Southeastern Ohio Credit Union, Inc. |
| Oct 1, 2007 | The First National Bank of Marengo | Castle Bank, National Association |
| Oct 1, 2007 | Butte County Postal Employees Credit Union | Butte Federal Credit Union |
| Oct 1, 2007 | St Marys of Royal Oak Parish Credit Union | Our Credit Union |
| Oct 1, 2007 | League Central Credit Union | Southeast Financial Credit Union |
| Oct 1, 2007 | Liberty Bell Federal Credit Union | Communication Federal Credit Union |
| Oct 1, 2007 | Tuscaloosa News Federal Credit Union | Tuscaloosa Credit Union |
| Oct 1, 2007 | Saint Petersburg Municipal Employees Credit Union | Floridacentral Credit Union |
| Oct 1, 2007 | Excelsior Federal Credit Union | Capital Communications Federal Credit Union |
| Oct 1, 2007 | Hardwick State Bank | Exchange State Bank |
| Oct 1, 2007 | All Employees Credit Union, Inc. | Eaton Family Credit Union |
| Sep 30, 2007 | Uniti Credit Union | Crescent Credit Union |
| Sep 29, 2007 | The Citizens State Bank | The Bank of Protection |
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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