Skip to main content

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
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

Browse adjacent years: 2000 · 2002

Or jump to a category: Failures · Mergers · Enforcement · Assistance