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 |
|---|---|---|---|
| Jan 5, 2007 | OCC | Lasalle Financial Services, Inc. | Civil Money Penalty (CMP): Lasalle Bank National Association |
| Jan 5, 2007 | FRB | RBC Centura Bank | Notice of Intent: Michelle M. Moore |
| Jan 3, 2007 | OCC | First & Farmers National Bank, Inc. | Civil Money Penalty (CMP): Corbin, Barry L. |
| Jan 3, 2007 | OCC | First & Farmers National Bank, Inc. | Prohibition/Removal Orders: Corbin, Barry L. |
| Jan 3, 2007 | OCC | First & Farmers National Bank, Inc. | C&D or PC&D Requiring Restitution: Corbin, Barry L. |
Browse adjacent years: 2006 · 2008
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