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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 18, 2001 F & M Bank Holding Company of Valley City, Inc. SD Dacotah Banks, Inc.
Dec 17, 2001 Foxdale Bancorp, Inc. IL FNBC Bank and Trust
Dec 17, 2001 T. F. C. Federal Credit Union PA N F G #2 Federal Credit Union
Dec 17, 2001 Foxdale Bank IL FNBC Bank and Trust
Dec 15, 2001 Nashoba Bank TN Trustmark Bank
Dec 15, 2001 Nashoba Bancshares, Inc. TN Trustmark Corporation
Dec 15, 2001 Ewn Investments, Inc. IA Dunlap Iowa Holding Co.
Dec 15, 2001 Central Trust Investment, Inc. IA Central Bank
Dec 15, 2001 Central Trust and Savings Bank IA Central Bank
Dec 15, 2001 The Farmers National Bank of Opelika AL First American Bank
Dec 15, 2001 Ute State Bank IA Community Bank
Dec 14, 2001 Farmers National Bancshares, Inc. AL Alabama National Bancorporation
Dec 13, 2001 Community First Banking Company GA Truist Financial Corporation
Dec 11, 2001 Stockmens Financial Corporation TX Stockmens National Bank in Cotulla
Dec 10, 2001 Wells Fargo Audit Services, Inc. MN Wells Fargo & Company
Dec 8, 2001 Century Bancshares, Inc. DC Ubv Holding Company, LLC
Dec 8, 2001 Farmers and Merchants Bank GA The Park Avenue Bank
Dec 8, 2001 Century National Bank DC United Bank
Dec 8, 2001 Simmons First Bank of Dumas AR Simmons First Bank of South Arkansas
Dec 8, 2001 First American Bank of Pensacola, National Association FL Coastal Bank and Trust of Florida
Dec 8, 2001 Fabp Bancshares, Inc. FL Synovus Financial Corp.
Dec 8, 2001 Facility Holdings, Inc. MD Ubv Holding Company, LLC
Dec 8, 2001 CBI Holdings Corporation DC Ubv Holding Company, LLC
Dec 7, 2001 Springdale Bank & Trust AR Arvest Bank
Dec 7, 2001 The Farmers and Merchants Bank AR Arvest Bank
Dec 7, 2001 Manufacturers Bank of Florida FL Israel Discount Bank of New York
Dec 6, 2001 Valparaiso University Federal Credit Union IN First Trust Credit Union
Dec 6, 2001 Purina Cincinnati Employees Credit Union, Inc. OH Mill City Credit Union
Dec 1, 2001 Nueces National Bank TX First National Bank
Dec 1, 2001 G.S.T. Employees Federal Credit Union TX Houston Federal Credit Union
Dec 1, 2001 Chase Manhattan Private Bank, N.A. FL J.P. Morgan Trust Company, N.A.
Dec 1, 2001 Frontier State Bank CA First Federal Bank of California, F.S.B.
Dec 1, 2001 Del Rio National Bank TX South Texas National Bank of Laredo
Dec 1, 2001 Citi Fiduciary Trust Bank of Michigan MI Citicorp Trust Bank, FSB
Dec 1, 2001 Citi Fiduciary Trust Company NY Citicorp Trust Bank, FSB
Dec 1, 2001 Citi Fiduciary Trust Company of Texas TX Citicorp Trust Bank, FSB
Dec 1, 2001 Citi Fiduciary Trust Company of New Jersey NJ Citicorp Trust Bank, FSB
Dec 1, 2001 Chase Manhattan Trust Company, N.A. PA J.P. Morgan Trust Company, N.A.
Dec 1, 2001 First Bancshares of Delaware, Inc. DE Regions Financial Corporation
Dec 1, 2001 Citi Fiduciary Trust Company of Florida FL Citicorp Trust Bank, FSB
Dec 1, 2001 American Freightways Federal Credit Union AR Fedex Employees Credit Association Federal Credit Union
Dec 1, 2001 J.P. Morgan FSB FL J.P. Morgan Trust Company, N.A.
Dec 1, 2001 AmericanWest Bank, National Association WA AmericanWest Bank
Dec 1, 2001 First Bancshares of Texas, Inc. TX Regions Financial Corporation
Dec 1, 2001 Chase Holding Delaware Inc. DE J.P. Morgan Equity Holdings, LLC
Dec 1, 2001 L.P.L. Employees Federal Credit Union MN Minnesota Power Employees Credit Union
Dec 1, 2001 World-Herald Employee's Credit Union NE Omaha Federal Credit Union
Dec 1, 2001 Del Amo Savings Bank, FSB CA First Federal Bank of California, F.S.B.
Dec 1, 2001 Famco Federal Credit Union CA Southland Credit Union
Dec 1, 2001 Saints Jude & Agnes Federal Credit Union OH Lormet Community Federal Credit Union

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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