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 |
|---|---|---|
| Oct 31, 2001 | Ruthven Investment, Ltd. | Ruthven State Bank |
| Oct 31, 2001 | Prince Hall Family Federal Credit Union | District of Columbia Teachers Federal Credit Union |
| Oct 31, 2001 | Metro Transportation Employees Federal Credit Union | Northrop Grumman Federal Credit Union |
| Oct 31, 2001 | FFV Federal Credit Union | Argent Federal Credit Union |
| Oct 27, 2001 | Northwest Bank, National Association | Whitney National Bank |
| Oct 27, 2001 | Hills Bank Kalona | Hills Bank and Trust Company |
| Oct 27, 2001 | Redstone Financial, Inc. | Whitney Holding Corporation |
| Oct 27, 2001 | Associated Commercial Mortgage, Inc. | Associated Bank, N.A. |
| Oct 27, 2001 | Chemical Bank South | Chemical Bank Shoreline |
| Oct 26, 2001 | Peoples State Bank | VeraBank, N.A. |
| Oct 26, 2001 | Manufacturers Bancshares, Inc. | The Colonial Bancgroup, Inc. |
| Oct 25, 2001 | Commerce Exchange Bank | The Second National Bank of Warren |
| Oct 25, 2001 | Commerce Exchange Corporation | Second Bancorp, Incorporated |
| Oct 24, 2001 | Columbia Barnard Federal Credit Union | Bethex Federal Credit Union |
| Oct 24, 2001 | SJNB Financial Corp. | Greater Bay Bancorp |
| Oct 24, 2001 | Rama Group Federal Credit Union | Crossroads Community Federal Credit Union |
| Oct 20, 2001 | Penn Central National Bank | Omega Bank |
| Oct 20, 2001 | Hollidaysburg Trust Company | Omega Bank |
| Oct 19, 2001 | South Side National Bank in St. Louis | Allegiant Bank |
| Oct 19, 2001 | Rockwell Bank | First Commercial Bank |
| Oct 18, 2001 | Belfast Holding Company | First Pulaski National Corporation |
| Oct 17, 2001 | Charter Pacific Bank | First Bank & Trust |
| Oct 16, 2001 | The First State Bank of Rankin | Texas Financial Bank |
| Oct 15, 2001 | First Colonial Bank | First Virginia Bank - Colonial |
| Oct 15, 2001 | Bakelite Employees Credit Union | Pinnacle Federal Credit Union |
| Oct 15, 2001 | International Paper Employees Credit Union | 1st Gateway Credit Union |
| Oct 13, 2001 | Jci Erie Employees Federal Credit Union | Widget Federal Credit Union |
| Oct 12, 2001 | South Carolina Farm Bureau Federal Credit Union | Allsouth Federal Credit Union |
| Oct 9, 2001 | Landmark Federal Savings Bank | Landmark National Bank |
| Oct 9, 2001 | Landmark Bancshares, Inc. | Landmark Bancorp, Inc. |
| Oct 9, 2001 | MNB Bancshares, Inc. | Landmark Bancorp, Inc. |
| Oct 8, 2001 | First Charter Bank, National Association | Banc of California |
| Oct 6, 2001 | Town & Country State Bank of Winona | WNB Financial, N.A. |
| Oct 6, 2001 | Standard Federal Bank | LaSalle Bank Midwest National Association |
| Oct 2, 2001 | Ukrainian Fraternal Scranton Federal Credit Union | Ukrainian Selfreliance Federal Credit Union |
| Oct 1, 2001 | Napa National Bancorp | WFC Holdings, LLC |
| Oct 1, 2001 | Neuberger & Berman Trust Company | Lehman Brothers Trust Company, N.A. |
| Oct 1, 2001 | Firstar Bank U.S.A., National Association | U.S. Bank N.A. ND |
| Oct 1, 2001 | Uniondata Corp., Inc. | Centrue Financial Corporation |
| Oct 1, 2001 | Valley Oaks National Bank | Montecito Bank & Trust |
| Oct 1, 2001 | Rosary Cathedral Toledo Credit Union, Inc. | Directions Credit Union |
| Oct 1, 2001 | Struthers Warren Federal Credit Union | Kinzua Federal Credit Union |
| Oct 1, 2001 | Amoco Yorktown Refinery Credit Union | Bayport Federal Credit Union |
| Oct 1, 2001 | Northwest Credit Union | Cyprus Federal Credit Union |
| Oct 1, 2001 | Cwa International Federal Credit Union | Afl-Cio Employees Federal Credit Union |
| Oct 1, 2001 | Nickel Plate Industrial Credit Union | Encompass Federal Credit Union |
| Oct 1, 2001 | Lexington Federal Credit Union | Trius Federal Credit Union |
| Oct 1, 2001 | Amphlett Employees Federal Credit Union | MY Credit Union |
| Oct 1, 2001 | U.S. Civil Service Credit Union | Parsons Pittsburg Credit Union |
| Oct 1, 2001 | Pfi Federal Credit Union | Carolina Cooperative 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