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 10, 2007 | Frontier Trust Company, FSB | Ascensus Trust Company |
| Jul 5, 2007 | Citigroup Japan Investments LLC | Citigroup Inc. |
| Jul 2, 2007 | Rountree Credit Union | Dupaco Community Credit Union |
| Jul 2, 2007 | Penguin Acquisition, LLC | Huntington Bancshares Incorporated |
| Jul 2, 2007 | Landmark National Bank | 1st Pacific Bank of California |
| Jul 2, 2007 | Capital Bancorp, Inc. | Renasant Corporation |
| Jul 2, 2007 | Marlborough Bancorp | Butler Bancorp, MHC |
| Jul 2, 2007 | Co-Op Holdings, Inc. | United States Trust Company , National Association |
| Jul 2, 2007 | The Signature Bank | Cadence Bank |
| Jul 2, 2007 | Ust Mortgage Company | United States Trust Company , National Association |
| Jul 2, 2007 | Investors Financial Services Corp. | State Street Corporation |
| Jul 2, 2007 | Midwest United Federal Credit Union | Jackson Community Federal Credit Union |
| Jul 2, 2007 | U.S. Trust Corporation | NB Holdings Corporation |
| Jul 2, 2007 | Capital Bank & Trust Company | Renasant Bank |
| Jul 2, 2007 | Wilson Bancshares, Inc. | Outsource Delaware Capital Group, Inc. |
| Jul 2, 2007 | Investors Bank & Trust Company | State Street Bank and Trust Company |
| Jul 2, 2007 | California's First Federal Credit Union | Center City Community Credit Union |
| Jul 2, 2007 | Crestwood Community Federal Credit Union | Michigan Legacy Credit Union |
| Jul 2, 2007 | Share Federal Credit Union | Chevron Federal Credit Union |
| Jul 2, 2007 | Member Service Federal Credit Union | United Arkansas Federal Credit Union |
| Jul 2, 2007 | Wilson State Bank | First Bank & Trust |
| Jul 2, 2007 | Knudsen Federal Credit Union | Center City Community Credit Union |
| Jul 2, 2007 | WY-South Federal Credit Union | Michigan Legacy Credit Union |
| Jul 1, 2007 | Twin Peaks Credit Union | Cyprus Federal Credit Union |
| Jul 1, 2007 | Encore Bank, National Association | Encore Bank, National Association |
| Jul 1, 2007 | First National Bank of Georgia | First National Bank of Georgia |
| Jul 1, 2007 | Union Leader Employees Credit Union | Triangle Credit Union |
| Jul 1, 2007 | Employes' Credit Union | Midwest Regional Credit Union |
| Jul 1, 2007 | C M P E a Federal Credit Union | Freedom United Federal Credit Union |
| Jul 1, 2007 | Guadalupe Valley Federal Credit Union | Randolph-Brooks Federal Credit Union |
| Jul 1, 2007 | Ipswich Co-operative Bank | Institution for Savings in Newburyport and Its Vicinity |
| Jul 1, 2007 | Dunedin Municipal Employees Federal Credit Union | Achieva Credit Union |
| Jul 1, 2007 | Chesapeake & Ohio Employees Federal Credit Union | Partners Financial Federal Credit Union |
| Jul 1, 2007 | Page Federal Credit Union | Pantex Federal Credit Union |
| Jul 1, 2007 | Obelisk Federal Credit Union | Centra Credit Union |
| Jul 1, 2007 | Old Second Bank-Yorkville | Old Second National Bank |
| Jul 1, 2007 | The Glouster Community Bank | Unified Bank |
| Jul 1, 2007 | The American Bank | State Bank & Trust Company |
| Jul 1, 2007 | Good News Federal Credit Union | Diablo Valley Federal Credit Union |
| Jul 1, 2007 | Buffalo Ryerson Federal Credit Union | Empire One Federal Credit Union |
| Jul 1, 2007 | Utah Valley Credit Union | Utah First Federal Credit Union |
| Jul 1, 2007 | Diocese of Corpus Christi Federal Credit Union | Security Service Federal Credit Union |
| Jul 1, 2007 | South Texas Credit Union | Texstar Federal Credit Union |
| Jul 1, 2007 | Hillside Municipal Employees Federal Credit Union | Elizabeth, NJ Firemen's Federal Credit Union |
| Jul 1, 2007 | Old Second Bank-Kane County | Old Second National Bank |
| Jul 1, 2007 | Marta Employees Federal Credit Union | Fort McPherson Credit Union |
| Jul 1, 2007 | Placer Community Credit Union | First U.S. Community Credit Union |
| Jul 1, 2007 | Cape Cod Gas Employees Federal Credit Union | First Citizens Federal Credit Union |
| Jul 1, 2007 | Commerce Bank | Commerce Bank |
| Jul 1, 2007 | First Link Federal Credit Union | The Summit Federal Credit Union |
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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