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 1, 2007 | Y.T.W. Community Federal Credit Union | Americhoice Federal Credit Union |
| Jul 1, 2007 | Imperial Polk Employees Credit Union | Midflorida Credit Union |
| Jul 1, 2007 | Public Educational Employees Federal Credit Union | Horizon Federal Credit Union |
| Jul 1, 2007 | Secure Federal Credit Union | Priority First Federal Credit Union |
| Jul 1, 2007 | Grant Park Sand Federal Credit Union | Bond Community Federal Credit Union |
| Jul 1, 2007 | The Bank of New York Company, Inc. | The Bank of New York Mellon Corporation |
| Jul 1, 2007 | Mellon Financial Corporation | The Bank of New York Mellon Corporation |
| Jul 1, 2007 | SKY Financial Group, Inc. | Huntington Bancshares Incorporated |
| Jul 1, 2007 | Geneva Bancshares, Inc. | State Capital Corporation |
| Jul 1, 2007 | First Haralson Corporation | WGNB Corp. |
| Jul 1, 2007 | Excel Bank Corporation | M&I LLC |
| Jul 1, 2007 | Icnb Financial Corporation | FirstBank Corporation |
| Jul 1, 2007 | Mercantile Bank | Carolina First Bank |
| Jul 1, 2007 | Capital One, F.S.B. | Capital One, N.A. |
| Jul 1, 2007 | Sundowner Bankshares, Inc. | Sundown Bankshares, Inc. |
| Jul 1, 2007 | Charter Financial Corporation | Boston Private Financial Holdings, Inc. |
| Jul 1, 2007 | South Coastal Holdings MHC, Inc | Mountainone Financial, MHC |
| Jun 30, 2007 | Prairie Country Credit Union | Credit Union 1 |
| Jun 30, 2007 | Bank of Rockbridge | Transcommunity Bank, National Association |
| Jun 30, 2007 | Bank of Louisa, National Association | Transcommunity Bank, National Association |
| Jun 30, 2007 | Bank of Powhatan, N.A. | Transcommunity Bank, National Association |
| Jun 30, 2007 | The Grange Bank | American Bank |
| Jun 30, 2007 | Bellville Holdings, Inc. | Industry Bancshares, Inc. |
| Jun 30, 2007 | Swiss Valley Farms Credit Union | Cedar Falls Community Credit Union |
| Jun 30, 2007 | Adam Plewacki Post 799 Federal Credit Union | Buffalo Cooperative Federal Credit Union |
| Jun 30, 2007 | Bell & Howell Employees Federal Credit Union | First Commonwealth Federal Credit Union |
| Jun 30, 2007 | Prime Financial Federal Credit Union | First Choice America Community Federal Credit Union |
| Jun 30, 2007 | Courier Journal and Times Credit Union | Louchem Federal Credit Union |
| Jun 30, 2007 | Belle City Credit Union | Landmark Credit Union |
| Jun 30, 2007 | Catholic Community Credit Union | Southern Lakes Credit Union |
| Jun 23, 2007 | First Coastal Bancshares | CVB Financial Corp. |
| Jun 23, 2007 | First Fidelity Bank, National Association | First Fidelity Bank |
| Jun 23, 2007 | Penn Laurel Financial Corp. | Northwest Bancorp, Inc. |
| Jun 23, 2007 | Western Security Bank | First Fidelity Bank |
| Jun 23, 2007 | CSB Bank | Northwest Bank |
| Jun 23, 2007 | First Coastal Bank, National Association | Citizens Business Bank, N.A. |
| Jun 23, 2007 | The First National Bank of Hudson | Associated Bank, N.A. |
| Jun 22, 2007 | I M C O Employees Credit Union | America's Credit Union |
| Jun 22, 2007 | Bank 10 | Hawthorn Bank |
| Jun 22, 2007 | Western Bank of Chinook National Association | First Bank of Montana |
| Jun 21, 2007 | Golden Prague Federal Savings and Loan Association | Bradford Bank |
| Jun 21, 2007 | Diablo Valley Bank | Heritage Bank of Commerce |
| Jun 21, 2007 | Senator Bank | Bradford Bank |
| Jun 19, 2007 | (unnamed) | TIB, N.A. |
| Jun 19, 2007 | (unnamed) | United Central Bank |
| Jun 18, 2007 | W.I. Company, Inc. | Western Security Bank |
| Jun 16, 2007 | Port City Capital Bank | Vantagesouth Bank |
| Jun 16, 2007 | Shenandoah Valley National Bank | Summit Community Bank, Inc |
| Jun 16, 2007 | Public Bank | Florida Choice Bank |
| Jun 16, 2007 | The First National Bank of Newport | Orrstown Bank |
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
Or jump to a category: Failures · Mergers · Enforcement · Assistance