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 1, 2001 | Advocate Health Care Federal Credit Union | Healthcare Associates Credit Union |
| Jul 1, 2001 | Forestry & Conservation Credit Union | Flag Credit Union |
| Jul 1, 2001 | Cooperatives Federal Credit Union | Link Federal Credit Union |
| Jul 1, 2001 | Clark General Federal Credit Union | Acme Federal Credit Union |
| Jul 1, 2001 | Citizens State Bank of St. James | Pioneer Bank |
| Jul 1, 2001 | Industrial Savings and Loan Association | Home Savings Bank |
| Jul 1, 2001 | Beloit College Credit Union | First Community Credit Union of Beloit |
| Jun 30, 2001 | Santa Fe Fort Worth Federal Credit Union | EECU |
| Jun 30, 2001 | Cloverbank | Farmers and Mechanics Bank |
| Jun 30, 2001 | Poco Federal Credit Union | Etowah Valley Federal Credit Union |
| Jun 30, 2001 | Metro Community Credit Union | Affinity Plus Federal Credit Union |
| Jun 30, 2001 | Heritage Federal Bank | SouthBank |
| Jun 30, 2001 | Ridgewood Savings Bank of New Jersey | Blue Foundry Bank |
| Jun 30, 2001 | The Citizens Savings Bank Company | RFC Banking Company |
| Jun 30, 2001 | Far West Credit Union | Stationery Credit Union |
| Jun 30, 2001 | Owl Federal Credit Union | Prospectors Federal Credit Union |
| Jun 30, 2001 | The Farmers National Bank of Forney | City Bank |
| Jun 30, 2001 | Wallace Hardware Employees Credit Union | Lowland Credit Union |
| Jun 30, 2001 | The First National Bank of Ottawa | RFC Banking Company |
| Jun 30, 2001 | Pressco Federal Credit Union | First Service Federal Credit Union |
| Jun 30, 2001 | Hometown Bank | Liberty Bank |
| Jun 30, 2001 | Padua Federal Credit Union | First Commonwealth Federal Credit Union |
| Jun 30, 2001 | The National Bank of Sussex County | Lakeland Bank |
| Jun 30, 2001 | First Midwest Trust Company, N.A. | First Midwest Bank |
| Jun 30, 2001 | First Capital Bancorp, Inc. | FCB Holdings, Inc. |
| Jun 30, 2001 | Farmers State Agency of Fosston | First National Agency of Bagley, Inc. |
| Jun 30, 2001 | Champion Mortgage Co., Inc. | Key Bank USA, N.A. |
| Jun 30, 2001 | Eagle Bancshares, Inc. | Community Bank Holdings of Texas, Inc. |
| Jun 30, 2001 | Ridgewood Financial, Inc. | Blue Foundry Bancorp |
| Jun 30, 2001 | Ridgewood Financial, MHC | Blue Foundry, MHC |
| Jun 29, 2001 | Coupland Bancshares, Inc. | Industry Bancshares, Inc. |
| Jun 29, 2001 | Marfa Bancshares, Inc. | Big Bend Bancshares Corporation |
| Jun 28, 2001 | Virginia Capital Bancshares, Inc. | Truist Financial Corporation |
| Jun 26, 2001 | Citizens National Bank of Childress | First National Bank of Borger |
| Jun 25, 2001 | G & R Federal Credit Union | Financial Trust Federal Credit Union |
| Jun 25, 2001 | Greater Morristown Area Federal Credit Union | L'Oreal USA Federal Credit Union |
| Jun 25, 2001 | The Greenup National Bank | First Neighbor Bank, N.A. |
| Jun 23, 2001 | Crusader Savings Bank, F.S.B. | Royal Bank America |
| Jun 23, 2001 | Cook County State Bank | Security State Bank of Aitkin |
| Jun 23, 2001 | Friendship Community Bank | The Park Avenue Bank |
| Jun 23, 2001 | Kulm State Bank | Heartland State Bank |
| Jun 22, 2001 | Garden City Bancshares, Inc. | Lead Financial Group, Inc. |
| Jun 20, 2001 | Central Coast Credit Union | Slo Credit Union |
| Jun 18, 2001 | Millbrook-Newark Bank | Farmers State Bank of Somonauk |
| Jun 16, 2001 | First National Bank | First National Bank |
| Jun 16, 2001 | Citizens Community Bank of Florida | First National Bank of Florida |
| Jun 15, 2001 | Norwalk Educational Credit Union, Inc. | Mutual Security Credit Union, Inc. |
| Jun 12, 2001 | Covington First State Bancshares, Inc. | Waukomis Bancshares, Inc. |
| Jun 11, 2001 | Columbian Bank, a FSB | Cecil Bank |
| Jun 9, 2001 | Shickley State Bank | Heartland Bank |
The list holds 500 of the 940 mergers recorded for 2001.
Enforcement Actions in 2001
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Apr 17, 2001 | OCC_OTS | (individual) | Cease and Desist: Dennis Michael Ware |
| Apr 6, 2001 | OCC | First National Bank North | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of The North |
| Apr 5, 2001 | OCC | The First National Bank of Pipestone | Civil Money Penalty (CMP): Morgan, Michael R. |
| Apr 5, 2001 | OCC | First National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Morgan, Michael R. |
| Apr 5, 2001 | OCC | The First National Bank of Pipestone | Prohibition/Removal Orders: Morgan, Michael R. |
| Apr 5, 2001 | OCC | First National Bank of Luverne | Civil Money Penalty (CMP): Morgan, Michael R. |
| Mar 29, 2001 | OCC | Transact Bank, N.A. | Formal Agreement: The Palisades National Bank |
| Mar 28, 2001 | OCC | The American National Bank of Mount Pleasant | Formal Agreement: The American National Bank of Mount Pleasant |
| Mar 26, 2001 | OCC | (individual) | Prohibition/Removal Orders: Evenden, Andrew |
| Mar 26, 2001 | OCC | (individual) | Securities Enforcement Action: Evenden, Andrew |
| Mar 23, 2001 | OCC_OTS | Life Financial Corporation | Prompt Corrective Action: Life Bank |
| Mar 22, 2001 | FRB | (individual) | Civil Money Penalty $2,000: First Community Bank, Conway, Arkansas |
| Mar 21, 2001 | OCC | Taft National Bank | Formal Agreement: Taft National Bank |
| Mar 2, 2001 | FRB | USABANCSHARES.COM, Inc | Written Agreement: USABancShares.com, Inc., Philadelphia, PA |
| Mar 2, 2001 | OCC | Founders Trust National Bank | Prohibition/Removal Orders: Puppe, Wayne E. |
| Mar 2, 2001 | OCC | Founders Trust National Bank | Civil Money Penalty (CMP): Puppe, Wayne E. |
| Feb 28, 2001 | OCC_OTS | Ben Franklin Bank of Illinois | Supervisory Agreement: Ben Franklin Bank of Illinois |
| Feb 28, 2001 | OCC_OTS | First Federal Lincoln Bank | Cease and Desist: Muldoon, Murphy & Faucette, Former Outside Counsel |
| Feb 28, 2001 | OCC | Advanta National Bank | Formal Agreement: Advanta National Bank |
| Feb 28, 2001 | OCC | The First National Bank of Raymond | Formal Agreement: The First National Bank Of Raymond |
| Feb 23, 2001 | OCC | U.S. Bank National Association | Prohibition/Removal Orders: Rodgers, Kathleen A. |
| Feb 23, 2001 | OCC | U.S. Bank National Association | C&D or PC&D Requiring Restitution: Rodgers, Kathleen A. |
| Feb 20, 2001 | OCC | First National Bank of Lucedale | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Lucedale |
| Feb 18, 2001 | OCC | First National Bank of Bullard | Civil Money Penalty (CMP): Duncan, Brent |
| Feb 14, 2001 | OCC_OTS | (individual) | Cease and Desist: Coast-To-Coast Financial Corp. |
| Feb 14, 2001 | OCC_OTS | Superior Bank, Federal Savings Bank | Prompt Corrective Action: Superior Bank FSB |
| Feb 14, 2001 | OCC_OTS | (individual) | Cease and Desist: Superior Holdings, Inc. |
| Feb 12, 2001 | OCC | First National Bank of Wiggins | Formal Agreement: First National Bank Of Wiggins |
| Feb 8, 2001 | OCC | First National Bank of Bullard | Prohibition/Removal Orders: Duncan, Brent |
| Feb 7, 2001 | OCC_OTS | Cargill Bank of Connecticut | Civil Money Penalty: Cargill Bank of Connecticut |
| Feb 6, 2001 | OCC_OTS | California Federal Bank, A FSB | Cease and Desist: Jean M. Perez |
| Feb 6, 2001 | OCC_OTS | California Federal Bank, A FSB | Orders of Removal/Prohibition: Jean M. Perez |
| Feb 1, 2001 | OCC | Union Bank of California Foundation | Prohibition/Removal Orders: Kealiher, Danielle J. |
| Feb 1, 2001 | OCC | Union Bank of California Foundation | C&D or PC&D Requiring Restitution: Kealiher, Danielle J. |
| Jan 31, 2001 | OCC | Compubank, N.A. | Formal Agreement: Compubank, National Association |
| Jan 29, 2001 | OCC | (individual) | Prohibition/Removal Orders: Miller, Courtney Leigh |
| Jan 26, 2001 | OCC | Western National Bank of Cass Lake | Civil Money Penalty (CMP): Bianco, Michael |
| Jan 23, 2001 | FRB | (individual) | Written Agreement: New Century Bank, Southfield, MI |
| Jan 19, 2001 | OCC | Wells Fargo Bank, N.A. | C&D or PC&D Requiring Restitution: Thomas, Dameon |
| Jan 19, 2001 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Thomas, Dameon |
| Jan 18, 2001 | OCC | First National Bank | Formal Agreement: First National Bank |
| Jan 17, 2001 | OCC_OTS | Cargill Bank of Connecticut | Civil Money Penalty: Cargill Bank of Connecticut |
| Jan 17, 2001 | OCC | MetroBank, National Association | Civil Money Penalty (CMP): Carey, Sidney R. |
| Jan 12, 2001 | FRB | (individual) | Written Agreement: Bank of Greenville, Greenville, WV |
| Jan 12, 2001 | OCC_OTS | First Virgin Islands FSB | Termination of Cease and Desist: First Virgin Islands FSB |
| Jan 8, 2001 | FRB | Valley Independent Bank | Written Agreement: Valley Independent Bank, El Centro, CA |
| Jan 5, 2001 | OCC | BNY Mellon, N.A. | Prohibition/Removal Orders: Toumazatos, Steve |
| Jan 5, 2001 | OCC | BNY Mellon, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Toumazatos, Steve |
| Jan 5, 2001 | OCC | BNY Mellon, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Mellon Bank, N.A. |
| Jan 3, 2001 | OCC_OTS | (individual) | Termination of Cease and Desist: Wilshire Financial Services Group, Inc. |
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