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 1, 2001 | Newport-Mesa Federal Credit Union | LBS Financial Credit Union |
| Oct 1, 2001 | Preferred Credit Union | Piedmont Advantage Credit Union |
| Oct 1, 2001 | Capitol City Federal Credit Union | Connex Credit Union, Inc |
| Oct 1, 2001 | Metro One Federal Credit Union | Augusta Metro Federal Credit Union |
| Oct 1, 2001 | M C Employees Credit Union | Leeco Credit Union |
| Oct 1, 2001 | Vermont Grocers Credit Union | Green Mountain Credit Union |
| Oct 1, 2001 | Credit Union of Puget Sound | 1st Security Bank of Washington |
| Oct 1, 2001 | North County Bancorp | WFC Holdings, LLC |
| Oct 1, 2001 | Silverdale State Bank | American Marine Bank |
| Oct 1, 2001 | City of South Euclid Employees Credit Union, Inc. | Firefighters Community Cu |
| Oct 1, 2001 | Kemba Federal Credit Union | Southwest Financial Federal Credit Union |
| Oct 1, 2001 | La Junta Federal Credit Union | Arkansas Valley Federal Credit Union |
| Oct 1, 2001 | Bluffs U P Employees Credit Union | Centris Federal Credit Union |
| Oct 1, 2001 | Ideal Federal Credit Union | Tinker Federal Credit Union |
| Oct 1, 2001 | Workingmens Savings Bank | ESB Bank |
| Oct 1, 2001 | Saint Christopher Credit Union | South Division Credit Union |
| Sep 30, 2001 | Keso Federal Credit Union | KSW Federal Credit Union |
| Sep 30, 2001 | Chaparral Bancshares, Inc. | Park Cities Corporation |
| Sep 30, 2001 | Ericsson Employees Federal Credit Union | Member One Federal Credit Union |
| Sep 30, 2001 | School District 120 Employees Credit Union | Peoples Community Credit Union |
| Sep 29, 2001 | Sacred Heart Parish Credit Union | Hiway Credit Union |
| Sep 29, 2001 | Americorp | Mid-State Bancshares |
| Sep 29, 2001 | Enterprise Banking, National Association | Enterprise Bank & Trust |
| Sep 29, 2001 | American Commercial Bank | Mid-State Bank & Trust |
| Sep 29, 2001 | Imperial Bank | Comerica Bank-California |
| Sep 28, 2001 | The First Bank of Mitchell | BloomBank |
| Sep 28, 2001 | Bank of Hawaii Credit Card, N.A. | Bank of Hawaii |
| Sep 28, 2001 | Pioneer American Property Company | Banner Bank |
| Sep 28, 2001 | Southside Bancshares Corp. | Allegiant Bancorp, Incorporated |
| Sep 28, 2001 | Hilliard Lyons Trust Company | PNC Bank, N.A. |
| Sep 28, 2001 | Georgia - Pacific Credit Union, Inc. | Stark Federal Credit Union |
| Sep 27, 2001 | Revere Federal Savings and Loan Association | Danversbank |
| Sep 24, 2001 | Echo Club NF Federal Credit Union | Niagara's Choice Federal Credit Union |
| Sep 22, 2001 | Hebron State Bank | The Harvard State Bank |
| Sep 22, 2001 | The Lamar Bank | Hancock Whitney Bank |
| Sep 18, 2001 | The Rio Grande County Bank | Community Banks of the Rockies |
| Sep 18, 2001 | Community Bank-Dove Creek | Community Banks of the Rockies |
| Sep 17, 2001 | First Federal Bank | Branch Banking and Trust Company of South Carolina |
| Sep 17, 2001 | Fredericksburg State Bank | Branch Banking and Trust Company of Virginia |
| Sep 17, 2001 | State Bank | First Virginia Bank |
| Sep 15, 2001 | Independent Bank | Independent Bank |
| Sep 15, 2001 | Pine Level Bank | The Heritage Bank |
| Sep 15, 2001 | Bank West | Chemical Bank West |
| Sep 15, 2001 | Home Savings, SSB | First Bank |
| Sep 15, 2001 | Agco Employees Credit Union | First Community Credit Union |
| Sep 14, 2001 | First Southwest Bank | BancFirst |
| Sep 13, 2001 | Midland Trust Company, N.A. | Wells Fargo Bank Texas, National Association |
| Sep 13, 2001 | Teamsters Southern WV Ups Federal Credit Union | Star USA Federal Credit Union |
| Sep 11, 2001 | Clinton County Employees Federal Credit Union | Adirondack Regional Federal Credit Union |
| Sep 11, 2001 | TownBank, National Association | First Mercantile Bank, National Association |
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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