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 |
|---|---|---|---|
| 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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