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 |
|---|---|---|
| Jul 10, 2007 | Frontier Trust Company, FSB | Ascensus Trust Company |
| Jul 5, 2007 | Citigroup Japan Investments LLC | Citigroup Inc. |
| Jul 2, 2007 | Rountree Credit Union | Dupaco Community Credit Union |
| Jul 2, 2007 | Penguin Acquisition, LLC | Huntington Bancshares Incorporated |
| Jul 2, 2007 | Landmark National Bank | 1st Pacific Bank of California |
| Jul 2, 2007 | Capital Bancorp, Inc. | Renasant Corporation |
| Jul 2, 2007 | Marlborough Bancorp | Butler Bancorp, MHC |
| Jul 2, 2007 | Co-Op Holdings, Inc. | United States Trust Company , National Association |
| Jul 2, 2007 | The Signature Bank | Cadence Bank |
| Jul 2, 2007 | Ust Mortgage Company | United States Trust Company , National Association |
| Jul 2, 2007 | Investors Financial Services Corp. | State Street Corporation |
| Jul 2, 2007 | Midwest United Federal Credit Union | Jackson Community Federal Credit Union |
| Jul 2, 2007 | U.S. Trust Corporation | NB Holdings Corporation |
| Jul 2, 2007 | Capital Bank & Trust Company | Renasant Bank |
| Jul 2, 2007 | Wilson Bancshares, Inc. | Outsource Delaware Capital Group, Inc. |
| Jul 2, 2007 | Investors Bank & Trust Company | State Street Bank and Trust Company |
| Jul 2, 2007 | California's First Federal Credit Union | Center City Community Credit Union |
| Jul 2, 2007 | Crestwood Community Federal Credit Union | Michigan Legacy Credit Union |
| Jul 2, 2007 | Share Federal Credit Union | Chevron Federal Credit Union |
| Jul 2, 2007 | Member Service Federal Credit Union | United Arkansas Federal Credit Union |
| Jul 2, 2007 | Wilson State Bank | First Bank & Trust |
| Jul 2, 2007 | Knudsen Federal Credit Union | Center City Community Credit Union |
| Jul 2, 2007 | WY-South Federal Credit Union | Michigan Legacy Credit Union |
| Jul 1, 2007 | Twin Peaks Credit Union | Cyprus Federal Credit Union |
| Jul 1, 2007 | Encore Bank, National Association | Encore Bank, National Association |
| Jul 1, 2007 | First National Bank of Georgia | First National Bank of Georgia |
| Jul 1, 2007 | Union Leader Employees Credit Union | Triangle Credit Union |
| Jul 1, 2007 | Employes' Credit Union | Midwest Regional Credit Union |
| Jul 1, 2007 | C M P E a Federal Credit Union | Freedom United Federal Credit Union |
| Jul 1, 2007 | Guadalupe Valley Federal Credit Union | Randolph-Brooks Federal Credit Union |
| Jul 1, 2007 | Ipswich Co-operative Bank | Institution for Savings in Newburyport and Its Vicinity |
| Jul 1, 2007 | Dunedin Municipal Employees Federal Credit Union | Achieva Credit Union |
| Jul 1, 2007 | Chesapeake & Ohio Employees Federal Credit Union | Partners Financial Federal Credit Union |
| Jul 1, 2007 | Page Federal Credit Union | Pantex Federal Credit Union |
| Jul 1, 2007 | Obelisk Federal Credit Union | Centra Credit Union |
| Jul 1, 2007 | Old Second Bank-Yorkville | Old Second National Bank |
| Jul 1, 2007 | The Glouster Community Bank | Unified Bank |
| Jul 1, 2007 | The American Bank | State Bank & Trust Company |
| Jul 1, 2007 | Good News Federal Credit Union | Diablo Valley Federal Credit Union |
| Jul 1, 2007 | Buffalo Ryerson Federal Credit Union | Empire One Federal Credit Union |
| Jul 1, 2007 | Utah Valley Credit Union | Utah First Federal Credit Union |
| Jul 1, 2007 | Diocese of Corpus Christi Federal Credit Union | Security Service Federal Credit Union |
| Jul 1, 2007 | South Texas Credit Union | Texstar Federal Credit Union |
| Jul 1, 2007 | Hillside Municipal Employees Federal Credit Union | Elizabeth, NJ Firemen's Federal Credit Union |
| Jul 1, 2007 | Old Second Bank-Kane County | Old Second National Bank |
| Jul 1, 2007 | Marta Employees Federal Credit Union | Fort McPherson Credit Union |
| Jul 1, 2007 | Placer Community Credit Union | First U.S. Community Credit Union |
| Jul 1, 2007 | Cape Cod Gas Employees Federal Credit Union | First Citizens Federal Credit Union |
| Jul 1, 2007 | Commerce Bank | Commerce Bank |
| Jul 1, 2007 | First Link Federal Credit Union | The Summit Federal Credit Union |
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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