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 |
|---|---|---|
| Jun 9, 2007 | Johnsonville State Bank | The Citizens Bank |
| Jun 9, 2007 | Pamplico Bank and Trust Company | The Citizens Bank |
| Jun 8, 2007 | Commercial Bank of Florida | Colonial Bank |
| Jun 8, 2007 | Fortress Bank Minnesota | Eastwood Bank |
| Jun 2, 2007 | Commercial Bankshares, Inc. | The Colonial Bancgroup, Inc. |
| Jun 2, 2007 | The Tupper Lake National Bank | Community Bank, N.A. |
| Jun 2, 2007 | TLNB Financial Corp. | Community Financial System, Inc. |
| Jun 2, 2007 | First Brandon National Bank | Lake Sunapee Bank, FSB |
| Jun 1, 2007 | Fort Knox National Bank | Citizens Union Bank of Shelbyville |
| Jun 1, 2007 | FHMSH, Inc. | First Horizon Bank |
| Jun 1, 2007 | United Heritage Bank | M&I Marshall and Ilsley Bank |
| Jun 1, 2007 | Gwinnett Commercial Group, Inc. | United Community Banks, Inc. |
| Jun 1, 2007 | The Bank of Richmond, National Association | Gateway Bank & Trust Company |
| Jun 1, 2007 | County National Bank | Sandy Spring Bank |
| Jun 1, 2007 | CN Bancorp, Inc. | Sandy Spring Bancorp, Inc. |
| Jun 1, 2007 | BBVA USA Bancshares of Delaware, Inc. | BBVA Compass Bancshares, Inc. |
| Jun 1, 2007 | State National Bancshares of Delaware, Inc. | BBVA Compass Bancshares, Inc. |
| Jun 1, 2007 | First Horizon Home Loan Corporation | First Horizon Bank |
| Jun 1, 2007 | Ft Mortgage Holding Corporation | First Horizon Bank |
| Jun 1, 2007 | Fort Knox National Bancorp, Inc. | Citizens Union Bancorp of Shelbyville, Inc. |
| Jun 1, 2007 | Fina Bancorp, Inc. | 1st Source Corporation |
| Jun 1, 2007 | Texas Regional Bancshares, Inc. | BBVA USA Bancshares, Inc. |
| Jun 1, 2007 | BBVA USA Bancshares, Inc. | BBVA USA Bancshares, Inc. |
| Jun 1, 2007 | Lansing Area Catholic Credit Union | Alliance Catholic Credit Union |
| Jun 1, 2007 | Town & Country Family Credit Union | Frankenmuth Credit Union |
| Jun 1, 2007 | Agawam Federal Credit Union | Holyoke Credit Union |
| Jun 1, 2007 | Credit Union Northwest | Seattle Metropolitan Credit Union |
| Jun 1, 2007 | Union Employees Federal Credit Union | Union Yes Federal Credit Union |
| Jun 1, 2007 | Citizens State Bank | Arbor Bank |
| Jun 1, 2007 | Emmaus Lutheran Federal Credit Union | B.C.S. Community Credit Union |
| Jun 1, 2007 | Icc RDG Federal Credit Union | Clearchoice Federal Credit Union |
| May 31, 2007 | Communities United Credit Union | Great Plains Federal Credit Union |
| May 26, 2007 | The Delta Bank | The First National Bank in Cooper |
| May 25, 2007 | Bay First Bank. National Association | BLC Bank N.A. |
| May 25, 2007 | Pennsylvania State Bank | BLC Bank N.A. |
| May 25, 2007 | Exchange Bank | The Nodaway Valley Bank |
| May 25, 2007 | Bank of Hanover and Trust Company | BLC Bank N.A. |
| May 24, 2007 | The Chinese American Bank | United Commercial Bank |
| May 24, 2007 | Cab Holding, LLC | Ucbh Holdings, Inc. |
| May 23, 2007 | SSSB Delaware Bancorporation, Inc. | Alliance Bancshares, Inc. |
| May 19, 2007 | Cumberland Bank | GreenBank |
| May 19, 2007 | F.N.B. Bancorporation, Inc. | The Bank of Kentucky Financial Corporation |
| May 19, 2007 | First Bank of Northern Kentucky, Inc. | The Bank of Kentucky, Inc. |
| May 19, 2007 | Civitas Bankgroup, Inc. | Green Bankshares, Inc. |
| May 19, 2007 | Calais Federal Savings and Loan Association | The Bank of Maine |
| May 16, 2007 | Fitchburg Community Federal Credit Union | Gfa Federal Credit Union |
| May 16, 2007 | Griffin Bancshares, Inc. | Page Bancshares, Inc. |
| May 14, 2007 | Courier Employees Credit Union | Meridian Credit Union |
| May 12, 2007 | BankTrust of Alabama | BankTrust |
| May 12, 2007 | Conestoga Bank | Conestoga Bank |
The list holds 500 of the 810 mergers recorded for 2007.
Enforcement Actions in 2007
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Dec 31, 2007 | OCC_OTS | Greeneville Federal Bank, F.S.B. | Termination of Cease and Desist: Greeneville Federal Bank, FSB |
| Dec 27, 2007 | OCC | Liberty National Bank | Formal Agreement: Liberty National Bank |
| Dec 21, 2007 Released Jan 8, 2008 | FRB | Commerce Southern Corp. | Written Agreement: Southern Bank of Commerce, Paragould, Arkansas |
| Dec 21, 2007 | OCC_OTS | Washington Federal Savings and Loan Association | Cease and Desist: Washington Federal Savings and Loan Association |
| Dec 21, 2007 | OCC | Olmsted National Bank | Formal Agreement: Olmsted National Bank |
| Dec 20, 2007 | OCC | The First National Bank of Fremont | Prohibition/Removal Orders: Walter, Ted |
| Dec 20, 2007 | OCC_OTS | Platinum Community Bank | Cease and Desist: Platinum Community Bank |
| Dec 20, 2007 | OCC | The First National Bank of Fremont | Civil Money Penalty (CMP): Walter, Ted |
| Dec 20, 2007 | OCC | First Tennessee Bank, National Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Taylor, Terry K. |
| Dec 19, 2007 | OCC | Terrabank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Gonzalez, Juan |
| Dec 19, 2007 | OCC | Terrabank, N.A. | Civil Money Penalty (CMP): Gonzalez, Juan |
| Dec 17, 2007 | OCC_OTS | Delanco Federal Savings Bank | Supervisory Agreement: Delanco Federal Savings Bank |
| Dec 13, 2007 | OCC_OTS | Fidelity Savings & Loan Association of Bucks County | Termination of Cease and Desist: First Federal Savings and Loan Association of Bucks County |
| Dec 13, 2007 | OCC_OTS | Home Building and Loan Company | Supervisory Agreement: Home Building and Loan Company |
| Dec 13, 2007 | OCC | (individual) | Formal Agreement: First National Bank |
| Dec 13, 2007 | OCC | The Citizens National Bank of Somerset | Formal Agreement: The Citizens National Bank of Somerset |
| Dec 12, 2007 | FRB | Eureka Bancshares, Inc. | Modifications: John F. Cross |
| Dec 7, 2007 | OCC | The First National Bank of Bellevue | Civil Money Penalty (CMP): Luhring, Roger A. |
| Dec 7, 2007 | OCC | The First National Bank of Bellevue | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Luhring, Roger A. |
| Dec 6, 2007 | OCC | The First National Bank of Fremont | Civil Money Penalty (CMP): Schimmele, David |
| Dec 3, 2007 | OCC | LaSalle Bank Midwest National Association | Civil Money Penalty (CMP): Yesh, Kathy A. |
| Dec 3, 2007 | OCC | LaSalle Bank Midwest National Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Yesh, Kathy A. |
| Dec 3, 2007 | OCC | American National Corporation | Civil Money Penalty (CMP): Anzalone, Jono |
| Dec 3, 2007 | OCC | American National Corporation | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Anzalone, Jono |
| Nov 30, 2007 | OCC_OTS | (individual) | Termination of Prompt Corrective Action: Mount Morris Savings and Loan Association |
| Nov 30, 2007 | OCC_OTS | (individual) | Termination of Cease and Desist: Mount Morris Savings and Loan Association |
| Nov 29, 2007 | OCC | First National Bank of Shelby County | Prohibition/Removal Orders: Harrison, William T. |
| Nov 29, 2007 | OCC | First Tennessee Bank, National Association | Civil Money Penalty (CMP): Compton, JW |
| Nov 29, 2007 | OCC | First Tennessee Bank, National Association | Prohibition/Removal Orders: Compton, JW |
| Nov 19, 2007 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Williams, Oral R. |
| Nov 19, 2007 | OCC | Armed Forces Bank of California, National Association | Prohibition/Removal Orders: Charfauros, Jessica |
| Nov 19, 2007 | OCC | Associated Bank, N.A. | Civil Money Penalty (CMP): Associated Bank, National Association |
| Nov 13, 2007 | OCC | B2 Bank N.A. | Prohibition/Removal Orders: Hemphill, Terri |
| Nov 13, 2007 | OCC | B2 Bank N.A. | C&D or PC&D Requiring Restitution: Hemphill, Terri |
| Nov 5, 2007 | OCC_OTS | Bankatlantic | Termination of Cease and Desist: BankAtlantic |
| Nov 2, 2007 | OCC_OTS | R-G Crown Bank | Termination of Cease and Desist: R-G Crown Bank |
| Nov 1, 2007 Released Nov 2, 2007 | FRB | Farmers and Merchants Bank of Long Beach | Civil Money Penalty $9,240: Farmers and Merchants Bank of Long Beach, Long Beach, CA |
| Oct 31, 2007 | OCC_OTS | Third Federal Savings and Loan Association | Orders of Removal/Prohibition: Nakisa Foster |
| Oct 26, 2007 | OCC_OTS | World Savings Bank, FSB | Civil Money Penalty: World Savings Bank, FSB |
| Oct 24, 2007 | OCC | First National Bank of Lewellen | Formal Agreement: First National Bank of Lewellen |
| Oct 23, 2007 | OCC | The First National Bank | Formal Agreement: The First National Bank |
| Oct 23, 2007 | OCC | Capital One, N.A. | Prohibition/Removal Orders: Williams, Laterrika |
| Oct 19, 2007 | OCC_OTS | Ameribank | Cease and Desist: Ameribank |
| Oct 19, 2007 | OCC_OTS | R-G Crown Bank | Civil Money Penalty: R-G Crown Bank |
| Oct 18, 2007 | OCC | National City Corporation | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Navarro, Laila |
| Oct 18, 2007 | OCC | First National Bank of Shelby County | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Justice, William R. |
| Oct 18, 2007 | OCC | National City Corporation | Prohibition/Removal Orders: Navarro, Laila |
| Oct 18, 2007 | OCC | First National Bank of Shelby County | Prohibition/Removal Orders: Justice, William R. |
| Oct 18, 2007 | OCC | National City Corporation | Civil Money Penalty (CMP): Navarro, Laila |
| Oct 18, 2007 | OCC | First National Bank of Shelby County | Civil Money Penalty (CMP): Justice, William R. |
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