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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 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
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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