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 |
|---|---|---|
| Jul 14, 2001 | The First National Bank and Trust Company Athens, Tennessee | Truist Bank |
| Jul 14, 2001 | Atlantic Aviation Employees Federal Credit Union | Del-One Federal Credit Union |
| Jul 14, 2001 | The Bank of Whitesburg | Whitaker Bank, Inc |
| Jul 14, 2001 | BankFirst | Truist Bank |
| Jul 13, 2001 | First National Bancorp, Inc. | BMO Financial Corp. |
| Jul 12, 2001 | City Bancshares, Inc. | First Financial Bankshares, Inc. |
| Jul 12, 2001 | BankFirst Trust Company | Truist Bank |
| Jul 9, 2001 | LB Bancorp, Inc. | State Financial Services Corporation |
| Jul 9, 2001 | Liberty Bank | State Financial Bank, National Association |
| Jul 7, 2001 | Provident Bank, F.S.B. | Gold Bank |
| Jul 4, 2001 | Jade Financial Corp | PSB Bancorp, Inc. |
| Jul 4, 2001 | Iga Federal Savings | Conestoga Bank |
| Jul 2, 2001 | Rusk Delaware Financial Corporation | Henderson Citizens Delaware Bancshares, Inc. |
| Jul 2, 2001 | Perry County Financial Corporation | Jefferson County Bancshares, Incorporated |
| Jul 2, 2001 | Alliance Bancorp | Charter-Michigan Bancorp, Inc. |
| Jul 2, 2001 | Rusk County Bancshares, Inc. | VeraBank, Inc. |
| Jul 2, 2001 | James River Bankshares, Inc. | First Virginia Banks, Inc. |
| Jul 2, 2001 | Tokai Bank of California | United California Bank |
| Jul 2, 2001 | Cytec Employees Federal Credit Union | Connex Credit Union, Inc |
| Jul 2, 2001 | Mon-Pres Federal Credit Union | The United Federal Credit Union |
| Jul 2, 2001 | Witco Credit Union | Penacol Federal Credit Union |
| Jul 2, 2001 | A.G. Edwards Trust Company | A.G. Edwards Trust Company FSB |
| Jul 2, 2001 | Members 1st Credit Union | Consumer Credit Union |
| Jul 2, 2001 | Liberty Federal Bank | Charter One Bank, National Association |
| Jul 1, 2001 | Mennonite Federal Credit Union | Arkansas Valley Federal Credit Union |
| Jul 1, 2001 | Cal West Credit Union | Financial Partners Credit Union |
| Jul 1, 2001 | Senco Employees Federal Credit Union | Emery Federal Credit Union |
| Jul 1, 2001 | Willamette Falls Federal Credit Union | Rivermark Community Credit Union |
| Jul 1, 2001 | Trustmark Insurance Company Credit Union | Baxter Credit Union |
| Jul 1, 2001 | Aal Member Credit Union | Thrivent Trust Co. |
| Jul 1, 2001 | The First American Bank | Brooks Bank, N.A. |
| Jul 1, 2001 | Providence Federal Employees Federal Credit Union | Postal Government Employees Federal Credit Union |
| Jul 1, 2001 | Western Credit Union | Express Credit Union |
| Jul 1, 2001 | Anemostat Employees Federal Credit Union | Net Federal Credit Union |
| Jul 1, 2001 | Valley State Bank of Oslo | Community Bank of the Red River Valley |
| Jul 1, 2001 | Spaulding Employees Credit Union | Premier Source Credit Union |
| Jul 1, 2001 | Tri-Clover Credit Union | Educators Credit Union |
| Jul 1, 2001 | Mountaintop Federal Credit Union | Cross Valley Federal Credit Union |
| Jul 1, 2001 | Tolland Pic Holding Corporation | Tolland Bank |
| Jul 1, 2001 | First State Bancorp of the Rockies | First MainStreet Financial, Ltd. |
| Jul 1, 2001 | Community Trust Financial Services Corporation | GB&T Bancshares, Inc. |
| Jul 1, 2001 | The Pennsylvania Capital Bank | Three Rivers Bank and Trust Company |
| Jul 1, 2001 | National Carbon Employees Credit Union | Harrison County Federal Credit Union |
| Jul 1, 2001 | Francor Financial, Inc. | First Merchants Corporation |
| Jul 1, 2001 | Lamar Capital Corporation | Hancock Whitney Corporation |
| Jul 1, 2001 | Drovers Bancshares Corporation | Fulton Financial Corporation |
| Jul 1, 2001 | Oak Lawn Community Church Credit Union | South Division Credit Union |
| Jul 1, 2001 | Aal Credit Union | Thrivent Trust Co. |
| Jul 1, 2001 | Mountain Bell Credit Union | Wings Credit Union |
| Jul 1, 2001 | Connecticut Irs Employees Federal Credit Union | Capitol Region 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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