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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
Jul 12, 2001 FRB U.S. Trust Corporation Civil Money Penalty $5,000,000: U.S. Trust Corporation, New York, NY and United States Trust …
Jul 12, 2001 OCC Wells Fargo Bank, N.A. Prohibition/Removal Orders: Blueford, Leilani
Jul 12, 2001 FRB Bank of Rogers Cease and Desist Order: Bank of Rogers, Rogers, AR
Jul 12, 2001 FRB U.S. Trust Corporation Cease and Desist Order: U.S. Trust Corporation, New York, NY and United States Trust …
Jul 11, 2001 OCC Community Bank, N.A. Prohibition/Removal Orders: Corcoran, Helen S.
Jul 10, 2001 OCC_OTS First Trust Bank for Savings Orders of Removal/Prohibition: Brad T. Walker
Jul 10, 2001 OCC_OTS First Trust Bank for Savings Cease and Desist: Brad T. Walker
Jul 6, 2001 OCC_OTS Firstbanc Savings of Texas Orders of Removal/Prohibition: Michael E. Casey
Jul 3, 2001 OCC_OTS Greater South Texas Bank Supervisory Agreement: Greater South Texas Bank, FSB
Jun 28, 2001 OCC The Pioneer National Bank of Duluth Formal Agreement: The Pioneer National Bank Of Duluth
Jun 28, 2001 OCC Ballston Spa National Bank Formal Agreement: Ballston Spa National Bank
Jun 28, 2001 OCC Union Bank of Arizona, N.A. Formal Agreement: Union Bank Of Arizona, Na
Jun 26, 2001 OCC_OTS Carver Federal Savings Bank Cease and Desist: Reginald St. Rose
Jun 25, 2001 OCC The First National Bank of Fleming Formal Agreement: The First National Bank of Fleming
Jun 22, 2001 OCC_OTS (individual) Termination of Supervisory Agreement: Crusader SB, FSB
Jun 21, 2001 FRB Bankers Company of New York Cease and Desist Order: Harvey Plante
Jun 21, 2001 OCC Granite National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Granite National Bank
Jun 20, 2001 OCC_OTS Blue Ridge Savings Bank, Inc Orders of Removal/Prohibition: Hayes C. Martin
Jun 20, 2001 OCC_OTS Family Bank FSB Civil Money Penalty: Homer Short
Jun 20, 2001 OCC_OTS Family Bank FSB Cease and Desist: Homer Short
Jun 20, 2001 OCC Clear Lake National Bank Formal Agreement: Clear Lake National Bank
Jun 19, 2001 OCC The First National Bank of Three Rivers Formal Agreement: The First National Bank Of Three Rivers
Jun 14, 2001 FRB Mercantil, C.A. (Banco Universal) Prohibition from Banking: Nelly Kann de Gouverneur
Jun 13, 2001 OCC_OTS Algiers Homestead Association Civil Money Penalty: Algiers Homestead Association
Jun 8, 2001 OCC First Missouri National Bank Prohibition/Removal Orders: Rogers, Paul
Jun 6, 2001 OCC First Charter Bank, National Association Formal Agreement: First Charter Bank, National Association
Jun 1, 2001 OCC (individual) Formal Agreement: Harbor Bank, N.A.
May 31, 2001 FRB Incus Co. Ltd. Civil Money Penalty: Carlos Hank Rhon
May 31, 2001 FRB Incus Co. Ltd. Cease and Desist Order: Carlos Hank Rhon
May 31, 2001 FRB Incus Co. Ltd. Prohibition from Banking: Carlos Hank Rhon
May 29, 2001 FRB Incus Co. Ltd. Civil Money Penalty: Incus Co. Ltd., Tortola, British Virgin Islands
May 29, 2001 FRB Incus Co. Ltd. Cease and Desist Order: Incus Co. Ltd., Tortola, British Virgin Islands
May 26, 2001 OCC Norwest Bank Texas, National Association Prohibition/Removal Orders: Black, Becky J.
May 24, 2001 OCC Anahuac National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Moore, Kenneth
May 24, 2001 OCC Anahuac National Bank Civil Money Penalty (CMP): Moore, Kenneth
May 24, 2001 OCC_OTS Superior Bank, Federal Savings Bank Prompt Corrective Action: Superior Bank FSB
May 24, 2001 OCC SoFi Bank, N.A. Formal Agreement: Gold Country National Bank
May 22, 2001 OCC The White Hall National Bank Formal Agreement: The White Hall National Bank
May 17, 2001 OCC (individual) Formal Agreement: First National Bank & Trust Company
May 17, 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
May 16, 2001 OCC Key Bank USA, N.A. Prohibition/Removal Orders: Khirawi, Aaleldin M.
May 15, 2001 OCC_OTS (individual) Orders of Removal/Prohibition: Carol Atwood
May 8, 2001 OCC_OTS (individual) Supervisory Agreement: A&S Financial Services, Inc.
May 8, 2001 OCC_OTS (individual) Supervisory Agreement: John H. Vaughn
May 5, 2001 OCC The First National Bank of Shamrock Formal Agreement: The First National Bank of Shamrock
May 3, 2001 OCC Direct Merchants Credit Card Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Direct Merchants Credit Card Bank, National …
Apr 30, 2001 OCC Home National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Home National Bank
Apr 20, 2001 OCC (individual) Prohibition/Removal Orders: Dunlap, Kelle D.
Apr 17, 2001 OCC_OTS (individual) Civil Money Penalty: Dennis Michael Ware
Apr 17, 2001 OCC The First National Bank of Arenzville Formal Agreement: The First National Bank of Arenzville

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