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 |
|---|---|---|
| Sep 25, 2007 | Osb Delaware Financial Services, Inc. | Osb Financial Services, Inc. |
| Sep 22, 2007 | Luzo Community Bank | Fall River Five Cents Savings Bank |
| Sep 22, 2007 | The Factory Point National Bank of Manchester Center | Berkshire Bank |
| Sep 22, 2007 | Placer Sierra Bank | Wells Fargo Bank, N.A. |
| Sep 22, 2007 | First Republic Bank | Merrill Lynch Bank & Trust Co., FSB |
| Sep 22, 2007 | First United Bank, National Association | Colorado State Bank and Trust, N. A. |
| Sep 22, 2007 | Bank of Dadeville | First American Bank |
| Sep 21, 2007 | The First National Bank in Cannon Falls | Merchants Bank, N.A. |
| Sep 21, 2007 | Liberty Payment Services, Inc. | JPMorgan Chase Bank, N.A. |
| Sep 21, 2007 | Jerema, Inc. | Merchants Financial Group, Inc. |
| Sep 21, 2007 | SKY Bank | The Huntington National Bank |
| Sep 21, 2007 | Merchants Bank, National Association | Merchants Bank, N.A. |
| Sep 15, 2007 | Mercantile Southern Maryland Bank | PNC Bank, N.A. |
| Sep 15, 2007 | First Community Bancorp, Inc. | Hometown Bancshares, Inc. |
| Sep 15, 2007 | Independent Bank-West Michigan | Independent Bank |
| Sep 15, 2007 | MainSource Bank - Crawfordsville | MainSource Bank |
| Sep 15, 2007 | Mercantile Eastern Shore Bank | PNC Bank, N.A. |
| Sep 15, 2007 | The First National Bank of St. Marys | Union Bank, Inc. |
| Sep 15, 2007 | The Annapolis Banking and Trust Company | PNC Bank, N.A. |
| Sep 15, 2007 | Farmers & Mechanics Bank | PNC Bank, N.A. |
| Sep 15, 2007 | Marshall National Bank and Trust Company | PNC Bank, N.A. |
| Sep 15, 2007 | Mercantile County Bank | PNC Bank, N.A. |
| Sep 15, 2007 | Westminster Union Bank | PNC Bank, N.A. |
| Sep 15, 2007 | Nekoosa Federal Credit Union | Atlanta Federal Credit Union |
| Sep 15, 2007 | Monticello Bank | Capitalsouth Bank |
| Sep 15, 2007 | The National Bank of Fredericksburg | PNC Bank, N.A. |
| Sep 15, 2007 | The Citizens National Bank | PNC Bank, N.A. |
| Sep 15, 2007 | Mercantile-Safe Deposit and Trust Company | PNC Bank, N.A. |
| Sep 15, 2007 | Independent Bank East Michigan | Independent Bank |
| Sep 15, 2007 | Mercantile Peninsula Bank | PNC Bank, N.A. |
| Sep 15, 2007 | Saline State Bank | First State Bank Nebraska |
| Sep 15, 2007 | Independent Bank - South Michigan | Independent Bank |
| Sep 14, 2007 | First Paducah Bancshares of Delaware | First Paducah Bancshares of Texas, Inc. |
| Sep 14, 2007 | Progress Bancshares, Inc. | First State Bancshares, Inc. |
| Sep 10, 2007 | Peachtree National Bank | Bank of North Georgia |
| Sep 10, 2007 | First Nation Bank | Bank of North Georgia |
| Sep 8, 2007 | Brookline Co-operative Bank | Peoples Federal Savings Bank |
| Sep 7, 2007 | Deerfield Bancshares, Inc. | First Capital Bancshares, Inc. |
| Sep 7, 2007 | The Clarksburg Commercial Bank | The Citizens National Bank of Chillicothe |
| Sep 6, 2007 | Intercontinental Bank Shares Corporation of Delaware | Amegy Holding Delaware, Inc. |
| Sep 6, 2007 | Intercontinental Bank Shares Corporation | Amegy Holding Delaware, Inc. |
| Sep 6, 2007 | Intercontinental National Bank | Amegy Bank National Association |
| Sep 4, 2007 | Falls Federal Credit Union | Tri State Area Federal Credit Union |
| Sep 1, 2007 | RBS National Bank | Citizens Bank, N.A. |
| Sep 1, 2007 | Cygnet Financial Corporation | Florida Bank Group, Inc. |
| Sep 1, 2007 | Citizens Bank | Citizens Bank, N.A. |
| Sep 1, 2007 | Community Bank of Texas, N. A. | Southwest Bank |
| Sep 1, 2007 | FDB-Nevada, Inc. | Fort Davis Bancshares, Inc. |
| Sep 1, 2007 | Cco Mortgage Corp. | Citizens Bank, N.A. |
| Sep 1, 2007 | (unnamed) | National City Corporation |
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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