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