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.

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	HQ	Assets	Acquirer or resolution
Oct 4, 2007	Miami Valley Bank	Lakeview, OH	$125.4M	The Citizens Banking Company
Sep 28, 2007	Netbank	Alpharetta, GA	$2.47B	ING Bank, FSB
Feb 2, 2007	Metropolitan Savings Bank	Pittsburgh, PA	$15.8M	Allegheny Valley Bank of Pittsburgh

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