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 |
|---|---|---|
| Oct 26, 2007 | Yardville National Bancorp | The PNC Financial Services Group, Inc. |
| Oct 26, 2007 | The State Bank of Annawan | Bankorion |
| Oct 25, 2007 | Brunswick Bancshares, Inc. | BSB Bancshares, Inc. |
| Oct 20, 2007 | Henry County Bank | Two Rivers Bank & Trust |
| Oct 20, 2007 | Alaska First Bank & Trust, National Association | Northrim Bank |
| Oct 18, 2007 | BBVA USA Bancshares, Inc. | BBVA USA Bancshares, Inc. |
| Oct 16, 2007 | The Peoples Banctrust Company, Inc. | Banctrust Financial Group, Inc. |
| Oct 15, 2007 | Birmingham Federal Employees Credit Union | Legacy Community Federal Credit Union |
| Oct 15, 2007 | The Mortgage Banc, Inc. | South State Bank |
| Oct 13, 2007 | Business First National Bank | Heritage Oaks Bank |
| Oct 13, 2007 | City Savings Bank | The La Porte Savings Bank |
| Oct 10, 2007 | NCW Community Bank | Banner Bank |
| Oct 6, 2007 | The Exchange National Bank of Jefferson City | Hawthorn Bank |
| Oct 6, 2007 | Bryant-Irvin Bancshares, Inc. | The ANB Corporation |
| Oct 5, 2007 | Weyerhaeuser Magnolia Federal Credit Union | McComb Federal Credit Union |
| Oct 5, 2007 | Bryant Irvin Delaware Corporation | Bryant-Irvin Bancshares, Inc. |
| Oct 2, 2007 | Twin City P O Federal Credit Union | Niagara Regional Federal Credit Union |
| Oct 2, 2007 | First Community Bank | Lake Sunapee Bank, FSB |
| Oct 1, 2007 | Synergy Bank | Flagstar Bank, N.A. |
| Oct 1, 2007 | Greer Financial Services Corporation | Greer State Bank |
| Oct 1, 2007 | Mount Prospect National Bank | Midwest Bank and Trust Company |
| Oct 1, 2007 | Northwest Suburban Bancorp, Inc. | Midwest Banc Holdings, Inc. |
| Oct 1, 2007 | Capitalia S.P.A. | Unicredit S.P.A. |
| Oct 1, 2007 | Ohio County Bancshares, Inc. | Limestone Bancorp, Inc |
| Oct 1, 2007 | Chisholm Trail Federal Credit Union | White Eagle Credit Union |
| Oct 1, 2007 | Cardunal Savings Bank, FSB | Park National Bank |
| Oct 1, 2007 | V a West Side Hospital Federal Credit Union | South Division Credit Union |
| Oct 1, 2007 | Salt Lake Wonder Federal Credit Union | Utah First Federal Credit Union |
| Oct 1, 2007 | Aluminum Shapes Employees Federal Credit Union | Garden State Federal Credit Union |
| Oct 1, 2007 | First Savings Bank, A FSB | Peoples Federal Savings Bank of DeKalb County |
| Oct 1, 2007 | Geneva Area School Employees Credit Union Inc. | Community First Credit Union |
| Oct 1, 2007 | Kentucky Trust Bank | Limestone Bank, Inc. |
| Oct 1, 2007 | Des Plaines Valley Credit Union | Abri Credit Union |
| Oct 1, 2007 | New Britain Municipal Employees Credit Union | Achieve Financial Credit Union |
| Oct 1, 2007 | Tennessee Paper Mills Credit Union | River City United Credit Union |
| Oct 1, 2007 | Tri-Linc Federal Credit Union | Aspire Federal Credit Union |
| Oct 1, 2007 | Line Material Employees Federal Credit Union | Valor Federal Credit Union |
| Oct 1, 2007 | Caldwell C. G. B. Employees Credit Union, Inc. | Southeastern Ohio Credit Union, Inc. |
| Oct 1, 2007 | The First National Bank of Marengo | Castle Bank, National Association |
| Oct 1, 2007 | Butte County Postal Employees Credit Union | Butte Federal Credit Union |
| Oct 1, 2007 | St Marys of Royal Oak Parish Credit Union | Our Credit Union |
| Oct 1, 2007 | League Central Credit Union | Southeast Financial Credit Union |
| Oct 1, 2007 | Liberty Bell Federal Credit Union | Communication Federal Credit Union |
| Oct 1, 2007 | Tuscaloosa News Federal Credit Union | Tuscaloosa Credit Union |
| Oct 1, 2007 | Saint Petersburg Municipal Employees Credit Union | Floridacentral Credit Union |
| Oct 1, 2007 | Excelsior Federal Credit Union | Capital Communications Federal Credit Union |
| Oct 1, 2007 | Hardwick State Bank | Exchange State Bank |
| Oct 1, 2007 | All Employees Credit Union, Inc. | Eaton Family Credit Union |
| Sep 30, 2007 | Uniti Credit Union | Crescent Credit Union |
| Sep 29, 2007 | The Citizens State Bank | The Bank of Protection |
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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