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Calendar Year

2001 in US Banking

561 bank events on record in 2001 — 4 failures, 500 mergers or acquisitions, and 57 regulatory enforcement actions.

4
Failures
$1,821,760,000 in failed assets
500
Mergers
NIC transformations
57
Enforcement
OCC / FDIC / FRB / OTS

Failures in 2001

DateBankHQAssetsAcquirer
2001-09-07SINCLAIR NATIONAL BANKGRAVETTE, AR$29,792,000DELTA TRUST & BANK
2001-07-27SUPERIOR BANK, FSBHINSDALE, IL$1,765,455,000CHARTER ONE BANK, FSB
2001-05-03MALTA NATIONAL BANKMALTA, OH$9,075,000NORTH VALLEY BANK
2001-02-02FIRST ALLIANCE BANK AND TRUST COMANCHESTER, NH$17,438,000SOUTHERN NEW HAMPSHIRE BANK

Mergers & Acquisitions in 2001 (top 500 of 500)

DateAcquiredStAcquirer
2001-12-31Oregon State BankORCOLUMBIA BANK
2001-12-31PEACHTREE BUYERS, INC.GACHESTERFIELD DEVELOPMENT CORP.
2001-12-31Lincoln Security BankORCOLUMBIA BANK
2001-12-31PAYMENTECH NEW HAMPSHIRE, LLCNHPAYMENTECH, L.P.
2001-12-31FIRST UNION MERCHANT BANKING 2001, LLCNCWACHOVIA CAPITAL PARTNERS 2001, LLC
2001-12-31APPLETON WIRE CREDIT UNIONWIFOX COMMUNITIES CREDIT UNION
2001-12-31Security BankORCOLUMBIA BANK
2001-12-31FARMERS STATE AGENCY, LTD.IAFarmers State Bank
2001-12-31PIPER FINANCIAL SERVICES, INC.NJCRANFORD AIRCRAFT COMMERCIAL LEASING CORPORATION
2001-12-31Family Security BankORCOLUMBIA BANK
2001-12-31PAYMENTECH MERCHANT SERVICES, LLCTXCHASE PAYMENTECH SOLUTIONS, LLC
2001-12-31OTTACO ACCEPTANCE, INC.MIFIRST NATIONAL ACCEPTANCE COMPANY
2001-12-31LUCY CORPORATIONMACHESTERFIELD DEVELOPMENT CORP.
2001-12-31THOMPSON & TWEEDLE, INC.LASOUTHERN FIDELITY AGENCY, INC.
2001-12-31NATIONAL CASTINGS EMPLOYEES CREDIT UNIONILSHERWIN WILLIAMS EMPLOYEES CREDIT UNION
2001-12-31ACORDIA OF OHIO, INC.OHWELLS FARGO INSURANCE SERVICES OF OHIO, LLC
2001-12-31The Berthoud National BankCOCentennial Bank of the West
2001-12-31Union Bank of IllinoisILFIRST BANK
2001-12-31GLEN ROAD DEVELOPMENT CORP.CTEQUESTRIAN ESTATES DEVELOPMENT CORP.
2001-12-31Iowa State BankIAIOWA STATE BANK
2001-12-31Sky Bank-Mid AM RegionOHSKY BANK
2001-12-31MOUNTAIN PARKS FINANCIAL SERVICESCOEQUITY LENDING, INC.
2001-12-31DICKSON FEDERAL CREDIT UNIONTNCORNERSTONE FINANCIAL CREDIT UNION
2001-12-31FKB CORPORATIONMACHESTERFIELD DEVELOPMENT CORP.
2001-12-31FINANCIAL PROCESSING COMPANY, LLC.KYBA MERCHANT SERVICES, LLC
2001-12-31Sky BankOHSKY BANK
2001-12-31The State Bank of JerseyvilleILFIRST BANK
2001-12-31IMCO CORPORATIONMIWELLS FARGO INSURANCE AGENCY OF MICHIGAN, INC.
2001-12-31PAYMENTECH NETWORK SERVICES, LLCFLCHASE PAYMENTECH SOLUTIONS, LLC
2001-12-31McKenzie State BankORCOLUMBIA BANK
2001-12-31WOODSTOCK RIDGEWOOD DEVELOPMENT CORP.MACHESTERFIELD DEVELOPMENT CORP.
2001-12-31ASHLAND PROPERTIES, INC.ILABN AMRO PREFERRED CAPITAL TRUST I
2001-12-31MID AM OF MICHIGAN, INC.MISKY HOLDINGS, INC.
2001-12-31CNB VENTURES, INC.OHChampaign National Bank
2001-12-31VALLEY INDUSTRIES FEDERAL CREDIT UNIONCAE-CENTRAL CREDIT UNION
2001-12-31Pacific State BankORCOLUMBIA BANK
2001-12-31ADVERTISING COMPANY OF AMERICA IIMIFIRST NATIONAL ACCEPTANCE COMPANY OF NORTH AMERICA, INC.
2001-12-31MNB MONDEX ORIGINATOR, INC.MIABN AMRO PREFERRED CAPITAL TRUST II
2001-12-31SALOMON SMITH BARNEY (CHILE) S.A.CITIGROUP GLOBAL MARKETS (CHILE) S.A.
2001-12-31BANCO J.P. MORGAN S.A.BANCO J.P. MORGAN S.A.
2001-12-31BLAZER CREDIT UNIONTNMEMBERS FIRST CREDIT UNION
2001-12-31VIROQUA INVESTMENTS, INC.WIFirst National Bank in Viroqua
2001-12-31ALLIANCE TECHNOLOGY, INC.ORCOLUMBIA BANK
2001-12-30INDEPENDENT FINANCIAL NETWORKORUMPQUA HOLDINGS CORPORATION
2001-12-30JPM CORRETORA DE CAMBIO, TITULOS E VALORES MOBILIARIOS S.A.J.P. MORGAN SA CORRECTORA DE CAMBIO E VALORES MOBILIARIOS
2001-12-29WESTFIELD CAPITAL MANAGEMENT COMPANY, INC.MABPFH MANAGER, LLC
2001-12-29CREGEM NORTH AMERICA, INC.DEDEXIA DELAWARE LLC
2001-12-29PACIFIC CENTURY BANK, NATIONAL ASSOCIATIONCABANK OF HAWAII
2001-12-29First Bank and Trust Company of TennesseeTNFIRST BANK AND TRUST COMPANY, THE
2001-12-29FIFTH THIRD BANK, SOUTHWEST, FSBAZFifth Third Bank, Indiana
2001-12-28MERRILL LYNCH TRUST COMPANY, A FLORIDA CORPORATIONFLMerrill Lynch Bank & Trust Co., FSB
2001-12-28MERRILL LYNCH TRUST COMPANYNJMerrill Lynch Bank & Trust Co., FSB
2001-12-28FIRST UNION LEVERAGED CAPITAL, LLCNCWACHOVIA INVESTORS, LLC
2001-12-28CB BUILDING CORP.MOCOMMERCE HOLDINGS, L.L.C.
2001-12-28LINN-BENTON BANKORCOLUMBIA BANK
2001-12-28BOSTON PRIVATE INVESTMENT MANAGEMENT, INC.MAWESTFIELD CAPITAL MANAGEMENT COMPANY, INC.
2001-12-28CCB NEWCOCACALIFORNIA COMMUNITY BANCSHARES, INC.
2001-12-28RINET COMPANY, INC.MARINET COMPANY, LLC
2001-12-28MERRILL LYNCH TRUST COMPANY OF NEW YORKNYMerrill Lynch Bank & Trust Co., FSB
2001-12-28LONE STAR BANCORPORATION OF DELAWARE, INC.DESTERLING BANCORPORATION, LLC
2001-12-28COMMUNITY BANCSHARES OF DELAWARE, INC.DESTERLING BANCORPORATION, LLC
2001-12-28FIRST UNION LEVERAGED CAPITAL 2001, LLCNCWACHOVIA INVESTORS, LLC
2001-12-28MERRILL LYNCH TRUST COMPANY OF TEXASTXMerrill Lynch Bank & Trust Co., FSB
2001-12-28Admire BankKSLYON COUNTY STATE BANK, THE
2001-12-28FARMERS BANKCOFARMERS BANK
2001-12-28COUNTY REALTY CORP.MOCOMMERCE HOLDINGS, L.L.C.
2001-12-28FIFTH THIRD/MAXUS SECURITIES, INC.OHFIFTH THIRD SECURITIES, INC.
2001-12-27J.P. MORGAN GMBHJ.P. MORGAN HOLDING DEUTSCHLAND GMBH
2001-12-27VNB DEL, INC.NJVALLEY NATIONAL BANK
2001-12-27LOUISIANA CREDIT LIFE INSURANCE COMPANY, INC.LACHASE INSURANCE AGENCY, INC.
2001-12-27YORK WYNDHAM LAND, INC.PAYORK EAST MANCHESTER LAND, INC.
2001-12-27YORK READING LAND, INC.PAYORK EAST MANCHESTER LAND, INC.
2001-12-27(unnamed)AMALGAMATED BANK
2001-12-27NATIONAL BANCORP, INC.ILNATIONAL BANCORP, INC.
2001-12-27Third Savings and Loan CompanyOHThe Security National Bank and Trust Co.
2001-12-26CROWN CORRUGATED FEDERAL CREDIT UNIONPAU.A.L.U. 354 FEDERAL CREDIT UNION
2001-12-26YALE FEDERAL CREDIT UNIONARSUCCESS FEDERAL CREDIT UNION
2001-12-26LYON STREET ASSET MANAGEMENT COMPANYMIHOME EQUITY OF AMERICA, INC.
2001-12-26VALLEY CMC, INC.NJVNB DEL, INC.
2001-12-24FFBIC NEW YORK, INC.NYFIRST UNION AUTO FINANCE, LLC
2001-12-24FFBIC NEW YORK II, INC.NYFIRST UNION AUTO FINANCE, LLC
2001-12-22WELLS FARGO SECURITIES INC.CARAGEN MACKENZIE GROUP, INC.
2001-12-22WELLS FARGO INSTITUTIONAL FUNDING, INC.MNWELLS FARGO GAMING CAPITAL, LLC
2001-12-21FIRST UNION REAL ESTATE ASSET COMPANY OF NORTH CAROLINANCFIRST UNION AUTO FINANCE, LLC
2001-12-21CBNA BUILDING COMPANYOHFIFTH THIRD BANK, NATIONAL ASSOCIATION
2001-12-21THRIFTCO, INC.OHSERVCO, INC.
2001-12-21FIFTH THIRD REAL ESTATE RESOURCESAZFIFTH THIRD BANK, NATIONAL ASSOCIATION
2001-12-21WHITKATH INC.NYJPMORGAN CHASE BANK, NATIONAL ASSOCIATION
2001-12-20PHS BANCORP, M.H.C.PAPEOPLES HOME SAVINGS BANK
2001-12-20PHS BANCORP, INCPAPEOPLES HOME SAVINGS BANK
2001-12-20NEW HAVEN TROLLEY & BUS EMPLOYEES FEDERAL CREDIT UNIONCTNEW HAVEN COUNTY CREDIT UNION,INC.
2001-12-20NORTHLAND MORTGAGE COMPANYAKWELLS FARGO HOME MORTGAGE, INC.
2001-12-20CBI HOLDING COMPANYWVWESBANCO, INC.
2001-12-19PARK CENTER VENTURES, LTDOHChampaign National Bank
2001-12-18F & M BANK HOLDING COMPANY OF VALLEY CITY, INC.SDDACOTAH BANKS, INC.
2001-12-18COMMUNITY BANCSHARES, INC.TXSTERLING BANCORPORATION, LLC
2001-12-17T. F. C. FEDERAL CREDIT UNIONPAN F G #2 FEDERAL CREDIT UNION
2001-12-17FOXDALE BANCORP, INC.ILFNBC BANK AND TRUST
2001-12-17FIFTH THIRD/MAXUS ASSET MANAGEMENTOHFIFTH THIRD/MAXUS SECURITIES, INC.
2001-12-17Foxdale BankILFNBC BANK AND TRUST

Enforcement Actions in 2001

DateAgencyInstitutionAction
2001-12-21OCC_OTS(individual)Supervisory Agreement: Gulf FSB
2001-12-20OCC_OTSBEREAN BANKCease and Desist: Berean Bank
2001-12-14OCC_OTS(individual)Cease and Desist: Haiching Zhao
2001-12-11OCC_OTSSHELBY COUNTY BANCSHARES, INC.Termination of Cease and Desist: Weldon Boles
2001-12-11OCC_OTSSHELBY COUNTY BANCSHARES, INC.Termination of Cease and Desist: James Campbell
2001-12-10OCC_OTSSAN LUIS TRUST BANK, FSBCivil Money Penalty: Bradley J. Lyon
2001-12-04OCC_OTSFIRST FSBSupervisory Agreement: First SB, FSB
2001-12-03OCC_OTS(individual)Orders of Removal/Prohibition: Maria D. Banchon
2001-12-03OCC_OTS(individual)Supervisory Agreement: Approved FSB
2001-12-03OCC_OTSSAN LUIS TRUST BANK, FSBSupervisory Agreement: San Luis Trust Bank, FSB
2001-12-03OCC_OTSWASHINGTON MUTUAL, INC.Orders of Removal/Prohibition: Rosa P. Rivera
2001-12-03OCC_OTS(individual)Orders of Removal/Prohibition: Kaleen Clinton
2001-11-28OCC_OTS(individual)Supervisory Agreement: Spencer SB, SLA
2001-11-26OCC_OTSLIBERTYBANKOrders of Removal/Prohibition: Clare L. Jones
2001-11-20OCC_OTSHOME SAVINGS BANK, FSBSupervisory Agreement: Home FSB
2001-11-20OCC_OTS(individual)Cease and Desist: Greater South Texas Bank, FSB
2001-11-05OCC_OTSUNITED FSBCease and Desist: United Trust and FSB
2001-11-05OCC_OTSWASHINGTON MUTUAL, INC.Orders of Removal/Prohibition: Caesar M. Espinoza
2001-10-22OCC_OTSSEATTLE BANKSupervisory Agreement: Seattle Holding Company
2001-09-07OCC_OTS(individual)Orders of Removal/Prohibition: Hiep T. Trinh
2001-08-17OCC_OTSSTERLING BANK AND TRUST, FSBCease and Desist: Sterling Bank and Trust, FSB
2001-08-09OCC_OTSFIRST BANK OF IDAHO, FSBOrders of Removal/Prohibition: Steven C. Almos
2001-08-02OCC_OTSBAYSIDE SAVINGS BANKSupervisory Agreement: Bayside Bank
2001-07-26OCC_OTS(individual)Orders of Removal/Prohibition: James E. Paterik
2001-07-26OCC_OTSMETROPOLITAN BANCORP, INC.Supervisory Agreement: Metropolitan Financial Corp., Inc.
2001-07-26OCC_OTSMETROPOLITAN BANK AND TRUST COMPANYSupervisory Agreement: Metropolitan Bank and Trust Company
2001-07-16OCC_OTS(individual)Orders of Removal/Prohibition: Nancy L. Reed
2001-07-10OCC_OTSFIRST AMERICAN BANK FOR SAVINGSCease and Desist: Brad T. Walker
2001-07-10OCC_OTSFIRST AMERICAN BANK FOR SAVINGSOrders of Removal/Prohibition: Brad T. Walker
2001-07-06OCC_OTSFIRSTBANC SAVINGS OF TEXASOrders of Removal/Prohibition: Michael E. Casey
2001-07-03OCC_OTS(individual)Supervisory Agreement: Greater South Texas Bank, FSB
2001-06-26OCC_OTS(individual)Cease and Desist: Reginald St. Rose
2001-06-22OCC_OTS(individual)Termination of Supervisory Agreement: Crusader SB, FSB
2001-06-20OCC_OTSFAMILY SAVINGS BANK FSBCivil Money Penalty: Homer Short
2001-06-20OCC_OTSFAMILY SAVINGS BANK FSBCease and Desist: Homer Short
2001-06-20OCC_OTSBLUE RIDGE TRUSTOrders of Removal/Prohibition: Hayes C. Martin
2001-06-13OCC_OTSHOMESTEAD SAVINGS AND LOAN ASSOCIATIONCivil Money Penalty: Algiers Homestead Association
2001-05-24OCC_OTS(individual)Prompt Corrective Action: Superior Bank FSB
2001-05-15OCC_OTS(individual)Orders of Removal/Prohibition: Carol Atwood
2001-05-08OCC_OTS(individual)Supervisory Agreement: John H. Vaughn
2001-05-08OCC_OTSLOCABEL S.A.Supervisory Agreement: A&S Financial Services, Inc.
2001-04-17OCC_OTS(individual)Civil Money Penalty: Dennis Michael Ware
2001-04-17OCC_OTS(individual)Cease and Desist: Dennis Michael Ware
2001-03-23OCC_OTSLIFE FINANCIAL CORPORATIONPrompt Corrective Action: Life Bank
2001-02-28OCC_OTSBEN FRANKLIN BANK OF ILLINOISSupervisory Agreement: Ben Franklin Bank of Illinois
2001-02-28OCC_OTSFIRST FEDERAL SAVINGS AND LOANCease and Desist: Muldoon, Murphy & Faucette, Former Outside Counsel
2001-02-14OCC_OTS(individual)Prompt Corrective Action: Superior Bank FSB
2001-02-14OCC_OTSSUPERIOR BANCSHARES, INC.Cease and Desist: Superior Holdings, Inc.
2001-02-14OCC_OTS(individual)Cease and Desist: Coast-To-Coast Financial Corp.
2001-02-07OCC_OTSTRUST COMPANY OF CONNECTICUTCivil Money Penalty: Cargill Bank of Connecticut
2001-02-06OCC_OTS(individual)Cease and Desist: Jean M. Perez
2001-02-06OCC_OTS(individual)Orders of Removal/Prohibition: Jean M. Perez
2001-01-17OCC_OTSTRUST COMPANY OF CONNECTICUTCivil Money Penalty: Cargill Bank of Connecticut
2001-01-12OCC_OTS(individual)Termination of Cease and Desist: First Virgin Islands FSB
2001-01-03OCC_OTSWILSHIRE CREDIT CORPORATIONTermination of Cease and Desist: Wilshire Credit Corp.
2001-01-03OCC_OTSWILSHIRE ACQUISITIONS CORPORATIONTermination of Cease and Desist: Wilshire Acquisitions Corp.
2001-01-03OCC_OTS(individual)Termination of Cease and Desist: Wilshire Financial Services Group, Inc.

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