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Calendar Year

2001 in US Banking

1,148 bank events are on record for 2001: 4 failures, 940 mergers or acquisitions involving a bank, credit union or bank holding company, and 204 enforcement actions.

4
Failures
$1.82B in failed assets
940
Mergers
Federal Reserve NIC, banking organizations
204
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings

Jump to: Bank failures 2001 · Bank mergers 2001

How many banks failed in 2001?

4 banks failed in 2001, with $1.82B in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Sep 7, 2001 Sinclair National Bank Gravette, AR $29.8M Delta Trust & Bank
Jul 27, 2001 Superior Bank, FSB Hinsdale, IL $1.77B Charter One Bank, FSB
May 3, 2001 Malta National Bank Malta, OH $9.1M North Valley Bank
Feb 2, 2001 First Alliance Bank and Trust Co Manchester, NH $17.4M Southern New Hampshire Bank

Which banks merged in 2001?

940 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2001.

See the fuller list: Bank mergers 2001 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Dec 31, 2001 Pacific State Bank OR Columbia Bank
Dec 31, 2001 Alliance Technology, Inc. OR Columbia Bank
Dec 31, 2001 CNB Ventures, Inc. OH Champaign National Bank
Dec 31, 2001 Oregon State Bank OR Columbia Bank
Dec 31, 2001 McKenzie State Bank OR Columbia Bank
Dec 31, 2001 Family Security Bank OR Columbia Bank
Dec 31, 2001 Lincoln Security Bank OR Columbia Bank
Dec 31, 2001 Viroqua Investments, Inc. WI First National Bank in Viroqua
Dec 31, 2001 Farmers State Agency, Ltd. IA Farmers State Bank
Dec 31, 2001 Sky Bank-Mid AM Region OH SKY Bank
Dec 31, 2001 Appleton Wire Credit Union WI Fox Communities Credit Union
Dec 31, 2001 Security Bank OR Columbia Bank
Dec 31, 2001 The Berthoud National Bank CO Centennial Bank of the West
Dec 31, 2001 Union Bank of Illinois IL First Bank
Dec 31, 2001 Dickson Federal Credit Union TN Resound Credit Union
Dec 31, 2001 National Castings Employees Credit Union IL Sherwin Williams Employees Credit Union
Dec 31, 2001 Blazer Credit Union TN Members First Credit Union
Dec 31, 2001 Sky Bank OH SKY Bank
Dec 31, 2001 The State Bank of Jerseyville IL First Bank
Dec 31, 2001 Valley Industries Federal Credit Union CA E-Central Credit Union
Dec 31, 2001 Iowa State Bank IA Iowa State Bank
Dec 30, 2001 Independent Financial Network OR Umpqua Holdings Corporation
Dec 29, 2001 Fifth Third Bank, Southwest, FSB AZ Fifth Third Bank, Indiana
Dec 29, 2001 First Bank and Trust Company of Tennessee TN The First Bank and Trust Company
Dec 29, 2001 Pacific Century Bank, N.A. CA Bank of Hawaii
Dec 28, 2001 Merrill Lynch Trust Company NJ Merrill Lynch Bank & Trust Co., FSB
Dec 28, 2001 CCB Newco CA California Community Bancshares, Inc.
Dec 28, 2001 Merrill Lynch Trust Company of New York NY Merrill Lynch Bank & Trust Co., FSB
Dec 28, 2001 Lone Star Bancorporation of Delaware, Inc. DE Sterling Bancorporation, LLC
Dec 28, 2001 Merrill Lynch Trust Company of Texas TX Merrill Lynch Bank & Trust Co., FSB
Dec 28, 2001 Community Bancshares of Delaware, Inc. DE Sterling Bancorporation, LLC
Dec 28, 2001 Merrill Lynch Trust Company, a Florida Corporation FL Merrill Lynch Bank & Trust Co., FSB
Dec 28, 2001 Linn-Benton Bank OR Columbia Bank
Dec 28, 2001 Admire Bank KS The Lyon County State Bank
Dec 28, 2001 Farmers Bank CO Farmers Bank
Dec 27, 2001 VNB Del, Inc. NJ Valley National Bank
Dec 27, 2001 National Bancorp, Inc. IL National Bancorp, Inc.
Dec 27, 2001 (unnamed) — Amalgamated Bank
Dec 27, 2001 Third Savings and Loan Company OH The Security National Bank and Trust Co.
Dec 26, 2001 Crown Corrugated Federal Credit Union PA U.A.L.U. 354 Federal Credit Union
Dec 26, 2001 Yale Federal Credit Union AR Success Federal Credit Union
Dec 21, 2001 Cbna Building Company OH Fifth Third Bank, N.A.
Dec 21, 2001 Fifth Third Real Estate Resources AZ Fifth Third Bank, N.A.
Dec 21, 2001 Whitkath Inc. NY JPMorgan Chase Bank, N.A.
Dec 20, 2001 New Haven Trolley & Bus Employees Federal Credit Union CT New Haven County Credit UNION,INC.
Dec 20, 2001 PHS Bancorp, Inc PA Peoples Home Savings Bank
Dec 20, 2001 CBI Holding Company WV WesBanco, Inc.
Dec 20, 2001 PHS Bancorp, M.H.C. PA Peoples Home Savings Bank
Dec 19, 2001 Park Center Ventures, LTD OH Champaign National Bank
Dec 18, 2001 Community Bancshares, Inc. TX Sterling Bancorporation, LLC

The list holds 500 of the 940 mergers recorded for 2001.

Enforcement Actions in 2001

Action date Agency Institution Action
Dec 27, 2001 OCC The Citizens National Bank Prohibition/Removal Orders: Williams, Lisa S.
Dec 21, 2001 OCC_OTS Gulf Financial Holdings, Inc. Supervisory Agreement: Gulf FSB
Dec 20, 2001 OCC_OTS Berean Bank Cease and Desist: Berean Bank
Dec 20, 2001 OCC First National Bank and Trust of Syracuse Formal Agreement: First National Bank and Trust of Syracuse
Dec 20, 2001 OCC The Genoa National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Genoa National Bank
Dec 19, 2001 OCC The First National Bank of Littlefield Formal Agreement: The First National Bank of Littlefield
Dec 18, 2001 OCC Eagle National Bancorp, Inc. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Eagle National Bank
Dec 17, 2001 OCC BNY Mellon, N.A. Prohibition/Removal Orders: Boyd, Monica L.
Dec 14, 2001 OCC_OTS (individual) Cease and Desist: Haiching Zhao
Dec 14, 2001 OCC (individual) Prohibition/Removal Orders: Lossia, Darren A.
Dec 11, 2001 OCC_OTS (individual) Termination of Cease and Desist: James Campbell
Dec 11, 2001 OCC_OTS (individual) Termination of Cease and Desist: Weldon Boles
Dec 11, 2001 FRB First State Bank of Warner, S. Dak. Written Agreement: First State Bank of Warner, Warner, SD
Dec 10, 2001 OCC_OTS (individual) Civil Money Penalty: Bradley J. Lyon
Dec 4, 2001 OCC_OTS (individual) Supervisory Agreement: First SB, FSB
Dec 3, 2001 OCC The Redwood National Bank Civil Money Penalty (CMP): Cook, Mark
Dec 3, 2001 OCC Ontario National Bank Civil Money Penalty (CMP): Cook, Mark
Dec 3, 2001 OCC_OTS (individual) Supervisory Agreement: San Luis Trust Bank, FSB
Dec 3, 2001 OCC_OTS Approved Federal Savings Bank Supervisory Agreement: Approved FSB
Dec 3, 2001 OCC_OTS Washington Mutual Bank, F.A. Orders of Removal/Prohibition: Rosa P. Rivera
Dec 3, 2001 OCC_OTS (individual) Orders of Removal/Prohibition: Maria D. Banchon
Dec 3, 2001 OCC_OTS First Federal Savings Bank of California Orders of Removal/Prohibition: Kaleen Clinton
Dec 3, 2001 OCC Credit One Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of Marin
Dec 3, 2001 OCC First National Bank of Sumner The-Retained Charter Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of Sumner, The
Dec 3, 2001 OCC Cayuga Lake National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Cook, Mark
Dec 3, 2001 OCC Ontario National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Cook, Mark
Dec 3, 2001 OCC The Redwood National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Cook, Mark
Dec 3, 2001 OCC Cayuga Lake National Bank Civil Money Penalty (CMP): Cook, Mark
Nov 30, 2001 OCC (individual) Civil Money Penalty (CMP): Flanders, Gary W.
Nov 28, 2001 OCC_OTS Spencer Savings Bank, Savings and Loan Association Supervisory Agreement: Spencer SB, SLA
Nov 28, 2001 FRB Gulf Bank Cease and Desist Order: Gulf Bank
Nov 27, 2001 FRB Qfi-Little Rock Ar, LLC Written Agreement: Bank of Little Rock, Little Rock, AR
Nov 26, 2001 OCC_OTS Libertybank Orders of Removal/Prohibition: Clare L. Jones
Nov 21, 2001 OCC (individual) Formal Agreement: First Community Bank, N.A.
Nov 21, 2001 OCC Providian National Bank Formal Agreement: Providian National Bank
Nov 20, 2001 OCC The First National Bank of Germantown Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank Of Germantown
Nov 20, 2001 OCC_OTS Home Federal Savings Bank Supervisory Agreement: Home FSB
Nov 20, 2001 OCC_OTS Greater South Texas Bank Cease and Desist: Greater South Texas Bank, FSB
Nov 19, 2001 OCC Neighborhood National Bank Formal Agreement: Neighborhood National Bank
Nov 15, 2001 OCC Nextbank, N.A. Prompt Corrective Action (PCA) Directive: Nextbank, National Association
Nov 13, 2001 FRB (individual) Cease and Desist Order: State Bank of India, Mumbai, India, State Bank of India …
Nov 13, 2001 FRB (individual) Civil Money Penalty $3,750,000: State Bank of India, Mumbai, India, State Bank of India …
Nov 12, 2001 OCC First National Bank of Lucedale Civil Money Penalty (CMP): O'Neal, John H.
Nov 12, 2001 OCC First National Bank of Lucedale C&D or PC&D Requiring Restitution: O'Neal, John H.
Nov 6, 2001 OCC The Carlsbad National Bank Civil Money Penalty (CMP): Firestone, Ronald R.
Nov 6, 2001 OCC The Carlsbad National Bank Prohibition/Removal Orders: Firestone, Ronald R.
Nov 5, 2001 OCC_OTS Washington Mutual Bank, F.A. Orders of Removal/Prohibition: Caesar M. Espinoza
Nov 5, 2001 OCC_OTS United Trust Bank Cease and Desist: United Trust and FSB
Nov 2, 2001 OCC The Park Avenue Bank Formal Agreement: The Park Avenue Bank, N.A.
Oct 26, 2001 FRB Bank of Ephraim Written Agreement: Bank of Ephraim, Ephraim, UT

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