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 | Assets |
|---|---|---|
| Sep 7, 2001 | Sinclair National Bank | $29.8M |
| Jul 27, 2001 | Superior Bank, FSB | $1.77B |
| May 3, 2001 | Malta National Bank | $9.1M |
| Feb 2, 2001 | First Alliance Bank and Trust Co | $17.4M |
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 | Acquirer |
|---|---|---|
| Dec 1, 2001 | Kaman Employees Federal Credit Union | American Eagle Financial Credit Union, Inc. |
| Dec 1, 2001 | (unnamed) | PNA Bank |
| Dec 1, 2001 | Lake County Public Employees Federal Credit Union | Tech Credit Union |
| Dec 1, 2001 | Midwest Community Credit Union | Cornerstone Credit Union |
| Dec 1, 2001 | Mid Town Bank & Trust Company of Chicago | Midamerica Bank, FSB |
| Dec 1, 2001 | O E C O Employees Federal Credit Union | Cutting Edge Federal Credit Union |
| Nov 30, 2001 | Employees Credit Union of Rock Island | Gas and Electric Credit Union |
| Nov 30, 2001 | Community Bankshares, Incorporated | Wachovia of Alabama, Inc. |
| Nov 30, 2001 | Commerce Bank | SouthTrust Bank |
| Nov 30, 2001 | Decatur Firestone Employees Federal Credit Union | Staley Credit Union |
| Nov 30, 2001 | Capital City Mortgage Co., Inc. | Capital City Bank |
| Nov 30, 2001 | Comerica Corporate Services Incorporated | Comerica Bank |
| Nov 27, 2001 | Mars Employees Federal Credit Union | State Employees Credit Union of Maryland Inc. |
| Nov 26, 2001 | TD Waterhouse Holdings, Inc. | TD Waterhouse Group, Inc. |
| Nov 21, 2001 | Exxon Employees Richmond Virginia Federal Credit Union | Call Federal Credit Union |
| Nov 20, 2001 | The Bank of Tidewater | SouthTrust Bank |
| Nov 19, 2001 | James River Bank | First Virginia Bank - Hampton Roads |
| Nov 19, 2001 | Bank of Helenville | American Bank of Beaver Dam |
| Nov 19, 2001 | James River Bank/Colonial | First Virginia Bank - Hampton Roads |
| Nov 18, 2001 | SouthBank | Central Carolina Bank and Trust Company |
| Nov 17, 2001 | (unnamed) | Sun National Bank |
| Nov 17, 2001 | Sun National Bank, Delaware | Sun National Bank |
| Nov 17, 2001 | Peoples Bank | First Horizon Bank |
| Nov 17, 2001 | Success National Bank | BankFinancial, National Association |
| Nov 17, 2001 | West Coast Savings and Loan Association | Affinity Bank |
| Nov 16, 2001 | Shredded Wheat Federal Credit Union | Rediform Niagara Falls NY Federal Credit Union |
| Nov 16, 2001 | Central Bank and Trust | Arvest Bank |
| Nov 16, 2001 | Southview Bank | MainStreet Bank |
| Nov 16, 2001 | Carnation Southern California Federal Credit Union | Center City Community Credit Union |
| Nov 15, 2001 | Columbia Federal Savings Bank | Advantage Bank |
| Nov 15, 2001 | Columbia Financial of Kentucky, Inc. | Camco Financial Corporation |
| Nov 15, 2001 | Placer Capital Co. | California Community Bancshares, Inc. |
| Nov 15, 2001 | Cranwood Credit Union, Inc. | Firefighters Community Cu |
| Nov 14, 2001 | Park Meridian Financial Corporation | Regions Financial Corporation |
| Nov 13, 2001 | People's Bank of California | California National Bank |
| Nov 12, 2001 | Ledger Bank, S.S.B. | AnchorBank, FSB |
| Nov 11, 2001 | FSB Capital, Inc. | Truist Bank |
| Nov 11, 2001 | GFB Capital, Inc. | Truist Bank |
| Nov 10, 2001 | Minnequa Bancorp, Inc. | Zions Bancorporation |
| Nov 10, 2001 | Ameri Capital, Inc. | Truist Bank |
| Nov 10, 2001 | Ameri Holdings, Inc. | Truist Bank |
| Nov 10, 2001 | Century South Bank of Fannin County, National Association | Truist Bank |
| Nov 10, 2001 | Century South Bank of Polk County | Truist Bank |
| Nov 10, 2001 | Century South Bank of Dawsonville | Truist Bank |
| Nov 10, 2001 | Century South Bank of Alabama | Truist Bank |
| Nov 10, 2001 | Century South Bank of Lavonia | Truist Bank |
| Nov 10, 2001 | Cleveland Cap Screw Employees Credit Union, Inc. | Emerald Credit Union, Inc. |
| Nov 10, 2001 | Century South Bank of Danielsville | Truist Bank |
| Nov 10, 2001 | Century South Bank of Dahlonega | Truist Bank |
| Nov 10, 2001 | Century South Bank of Central Georgia, National Association | Truist Bank |
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 |
Browse adjacent years: 2000 · 2002
Or jump to a category: Failures · Mergers · Enforcement · Assistance