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 |
|---|---|---|
| Aug 1, 2007 | Excel Bank Minnesota | M&I Marshall and Ilsley Bank |
| Aug 1, 2007 | Skidmore Employees Federal Credit Union | Broadview Federal Credit Union |
| Aug 1, 2007 | Retail Associates Federal Credit Union | Jackson Area Federal Credit Union |
| Aug 1, 2007 | Anawon Trust, N.A. | Bristol County Savings Bank |
| Aug 1, 2007 | FNB Financial Services Corporation | Newbridge Bancorp |
| Aug 1, 2007 | Georgia Central Bancshares, Inc. | Vallant Financial, Inc. |
| Aug 1, 2007 | Weston Credit Union | Fremont First Central Federal Credit Union |
| Aug 1, 2007 | Capital Power Credit Union | S a F E Credit Union |
| Aug 1, 2007 | Kilowatt Federal Credit Union | Security Service Federal Credit Union |
| Aug 1, 2007 | Quantum Credit Union | Dupage Credit Union |
| Aug 1, 2007 | GMP Credit Union | Evergreen Credit Union |
| Aug 1, 2007 | Bell Warren Federal Credit Union | Mountain Laurel Federal Credit Union |
| Aug 1, 2007 | Bandag Employees Credit Union | Iowa Community Credit Union |
| Aug 1, 2007 | Pepperell Bank & Trust | Bangor Savings Bank |
| Aug 1, 2007 | Columbus Federal Employees Credit Union, Inc. | Bmi Federal Credit Union |
| Aug 1, 2007 | Georgia Central Bank | Vallant Bank |
| Aug 1, 2007 | North Bend Federal Credit Union | Morgan City Federal Credit Union |
| Aug 1, 2007 | North Fork Bank | Capital One, N.A. |
| Aug 1, 2007 | Memphis Methodist Conference Federal Credit Union | Resource Federal Credit Union |
| Aug 1, 2007 | Flathead Credit Union | Park Side Financial Credit Union |
| Jul 31, 2007 | Bowdoinham Federal Credit Union | Down East Credit Union |
| Jul 31, 2007 | National Emancipation Association of Houston Federal Credit Union | Team Financial Federal Credit Union |
| Jul 31, 2007 | Northside Credit Union | A a C Credit Union |
| Jul 31, 2007 | Homestead Bank | First Guaranty Bank |
| Jul 31, 2007 | Lawrence Teachers Credit Union | Metro Credit Union |
| Jul 28, 2007 | Lebanon Valley Farmers Bank | Fulton Bank, N.A. |
| Jul 28, 2007 | People's Community Bank of the West Coast | Superior Bank |
| Jul 23, 2007 | Town Center Bank | Columbia State Bank |
| Jul 23, 2007 | Town Center Bancorp | Columbia Banking System, Inc. |
| Jul 23, 2007 | Mountain Bank Holding Company | Columbia Banking System, Inc. |
| Jul 23, 2007 | Mt. Rainier National Bank | Columbia State Bank |
| Jul 21, 2007 | Vision Bank | Vision Bank |
| Jul 21, 2007 | (unnamed) | SCB Bank |
| Jul 21, 2007 | First National Bank | First National Bank |
| Jul 19, 2007 | Centro Hipotecario De Puerto Rico, Inc. | Doral Financial Corporation |
| Jul 17, 2007 | S W Financial, Inc. | First Texas BHC, Inc. |
| Jul 17, 2007 | SWB Bancshares, Inc. | First Texas BHC, Inc. |
| Jul 16, 2007 | First Bank of the South | United Community Bank |
| Jul 14, 2007 | The First National Bank, Oelwein | Fidelity Bank & Trust |
| Jul 14, 2007 | Farmers and Mechanics Bank | Beneficial Bank |
| Jul 14, 2007 | Premier Bank, Inc. | United Bank |
| Jul 14, 2007 | Mid State Bancorp | North Cascades Bancshares, Inc. |
| Jul 14, 2007 | Premier Community Bankshares, Inc. | Ubv Holding Company, LLC |
| Jul 14, 2007 | Rockingham Heritage Bank | United Bank |
| Jul 14, 2007 | The Marathon Bank | United Bank |
| Jul 14, 2007 | Mid State Bank | North Cascades National Bank |
| Jul 13, 2007 | New Bedford Community Bancorp | Bankfive, MHC |
| Jul 13, 2007 | Newfirst Financial Company, Inc. | Newfirst Financial Group, Inc. |
| Jul 13, 2007 | City and Suburban FSB | Ridgewood Savings Bank |
| Jul 12, 2007 | First Valley Bancorp | New England Bancshares, Inc. |
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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