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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
Oct 23, 2001 FRB McIlroy Bank Civil Money Penalty $10,500: McIlroy Bank and Trust, Fayetteville, AR
Oct 22, 2001 OCC_OTS Seattle Bank Supervisory Agreement: Seattle Holding Company
Oct 22, 2001 OCC Cumberland Valley National Bank & Trust Company Formal Agreement: Cumberland Valley National Bank & Trust Company
Oct 16, 2001 OCC (individual) Formal Agreement: First National Bank
Oct 15, 2001 FRB Cerritos Valley Bancorp Written Agreement: Cerritos Valley Bancorp, Artesia, CA and Cerritos Valley Bank, Artesia, CA
Oct 4, 2001 OCC First Suburban National Bank Civil Money Penalty (CMP): Schatzman, Marvin
Oct 4, 2001 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Intrieve Of Florida (F/K/A Hurst Technologies)
Oct 2, 2001 OCC Cornerstone Bank & Trust, National Association Formal Agreement: Cornerstone Bank And Trust, N.A.
Oct 2, 2001 OCC First National Bank of Gillette Formal Agreement: First National Bank of Gillette
Sep 26, 2001 OCC City National Bank of West Virginia Formal Agreement: City National Bank Of West Virginia
Sep 20, 2001 OCC ClarityBank.Com, National Association Formal Agreement: Claritybank.Com, N.A.
Sep 18, 2001 OCC Bank of America, N.A. Prohibition/Removal Orders: Regalado, Jorge H.
Sep 18, 2001 OCC (individual) Formal Agreement: First National Bank
Sep 13, 2001 OCC The First National Bank of Central City Formal Agreement: First National Bank Of Central City
Sep 10, 2001 OCC Marine National Bank of Naples Formal Agreement: Marine National Bank Of Naples
Sep 7, 2001 OCC_OTS (individual) Orders of Removal/Prohibition: Hiep T. Trinh
Sep 7, 2001 OCC Valley National Bank Prohibition/Removal Orders: Hunter Mobley, Felicia K.
Sep 6, 2001 OCC Executive National Bank Formal Agreement: Executive National Bank
Sep 5, 2001 OCC Fidelity National Mortgage Corporation Formal Agreement: Fidelity National Bank
Aug 29, 2001 OCC The First National Bank of Florida Formal Agreement: The First National Bank of Florida
Aug 22, 2001 OCC Mauriceville National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Mauriceville National Bank
Aug 20, 2001 OCC Wells Fargo Bank, N.A. Prohibition/Removal Orders: Garza, Marcelino D.
Aug 17, 2001 OCC_OTS Sterling Bank and Trust, FSB Cease and Desist: Sterling Bank and Trust, FSB
Aug 14, 2001 OCC Portage National Bank Civil Money Penalty (CMP): Beck, Dennis C.
Aug 14, 2001 OCC Portage National Bank Civil Money Penalty (CMP): Stager, Randolph P.
Aug 14, 2001 OCC Portage National Bank Civil Money Penalty (CMP): Fronheiser, Larry P.
Aug 13, 2001 OCC First National Bank of America Formal Agreement: First National Bank Of America
Aug 9, 2001 OCC_OTS First Federal Savings Bank of the Midwest Orders of Removal/Prohibition: Steven C. Almos
Aug 8, 2001 OCC Sinclair National Bank Prompt Corrective Action (PCA) Directive: Sinclair National Bank
Aug 6, 2001 OCC The National Bank of Malvern Formal Agreement: National Bank of Malvern, The
Aug 3, 2001 FRB Americasbank Corp Written Agreement: AmericasBank Corp, Towson, MD and AmericasBank, Towson, MD
Aug 2, 2001 OCC_OTS Bayside Bank Supervisory Agreement: Bayside Bank
Jul 31, 2001 OCC Portage National Bank Civil Money Penalty (CMP): Fiannone, Lawrence T.
Jul 31, 2001 OCC The First National Bank of Barnesville Formal Agreement: The First National Bank of Barnesville
Jul 31, 2001 OCC Portage National Bank Civil Money Penalty (CMP): Finklestine, Martin P.
Jul 31, 2001 OCC Portage National Bank Civil Money Penalty (CMP): Brinzey, Jo Anne
Jul 26, 2001 OCC_OTS First Savings and Loan Association of South Holland Orders of Removal/Prohibition: James E. Paterik
Jul 26, 2001 OCC Texas Premier Bank, National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Markman, Jack
Jul 26, 2001 OCC Texas Premier Bank, National Association Civil Money Penalty (CMP): Markman, Jack
Jul 26, 2001 OCC Portage National Bank Civil Money Penalty (CMP): McGlynn, Dennis M.
Jul 26, 2001 OCC Texas Premier Bank, National Association Prohibition/Removal Orders: Markman, Jack
Jul 26, 2001 OCC_OTS Metropolitan Bank and Trust Company Supervisory Agreement: Metropolitan Bank and Trust Company
Jul 26, 2001 OCC_OTS Metropolitan Financial Corporation Supervisory Agreement: Metropolitan Financial Corp., Inc.
Jul 24, 2001 OCC Native American Bank, N.A. Formal Agreement: Blackfeet National Bank
Jul 19, 2001 OCC Wells Fargo Bank, N.A. Prohibition/Removal Orders: Newborn, Tyrone
Jul 19, 2001 FRB Bankers Company of New York Cease and Desist Order: Kenneth Goglia
Jul 17, 2001 OCC The State National Bank of Garfield Formal Agreement: The State National Bank of Garfield
Jul 16, 2001 OCC_OTS Progressive Financial Group, Inc. Orders of Removal/Prohibition: Nancy L. Reed
Jul 13, 2001 OCC Wells Fargo Bank, N.A. Prohibition/Removal Orders: Skinner, Keith
Jul 13, 2001 OCC First National Bank of Northern Kentucky Formal Agreement: First National Bank Of Northern Kentucky

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