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 |
|---|---|---|
| Sep 11, 2001 | Coupland Bancshares-Nevada, Inc. | Industry Holdings, Inc. |
| Sep 8, 2001 | Cargill Bank of Connecticut | Westbank |
| Sep 7, 2001 | Bridgeport Savings and Loan Association | Advance Financial Savings Bank, FSB |
| Sep 7, 2001 | First Capital Bank of Arizona | CoBiz Bank |
| Sep 7, 2001 | Boyden Bancorp | Citizens State Bank |
| Sep 7, 2001 | Farmers Savings Bank | Citizens State Bank |
| Sep 6, 2001 | Barden Employees Credit Union | Albright Credit Union |
| Sep 5, 2001 | Peoples State Bank | Citizens State Bank |
| Sep 4, 2001 | Light Metals Employees Federal Credit Union | First United Credit Union |
| Sep 1, 2001 | S & C Bank, Polk County | S & C Bank |
| Sep 1, 2001 | (unnamed) | Farmers State Bank |
| Sep 1, 2001 | Star Bancshares of Nevada, Inc. | Star Bancshares, Inc. |
| Sep 1, 2001 | Mustang Holdings, Inc. | Mustang Financial Corporation |
| Sep 1, 2001 | Bank of Louisville, FSB | Bank of Louisville |
| Sep 1, 2001 | Banc One Mortgage Corporation | Bank One, National Association |
| Sep 1, 2001 | The First National Bankshares, Inc. | Wells Fargo & Company |
| Sep 1, 2001 | Farmers National Bancorp, Inc. | Wells Fargo & Company |
| Sep 1, 2001 | First Coastal Corporation | Norway Bancorp, Inc |
| Sep 1, 2001 | Wachovia Corporation | Wachovia Corporation |
| Sep 1, 2001 | First Chicago NBD Mortgage Company | Bank One, National Association |
| Sep 1, 2001 | Packers Management Company, Inc. | Wells Fargo & Company |
| Sep 1, 2001 | Banner Bank of Oregon | Banner Bank |
| Sep 1, 2001 | Health Care Credit Union | Lake Michigan Credit Union |
| Sep 1, 2001 | Team California Federal Credit Union | MY Credit Union |
| Sep 1, 2001 | Alliance Credit Union | Lake Michigan Credit Union |
| Sep 1, 2001 | Reporter Credit Union | Marine Credit Union |
| Sep 1, 2001 | Saint Mary's Hospital Credit Union | Lake Michigan Credit Union |
| Sep 1, 2001 | Dixie Cup Credit Union, Inc. | Greater Kentucky Credit Union, Inc. |
| Sep 1, 2001 | First Federal Savings and Loan Association | The Savings Bank of Manchester |
| Sep 1, 2001 | Greater Boston Federal Credit Union | Tremont Credit Union |
| Sep 1, 2001 | King Mill Savings and Credit Association Credit Union | Augusta Vah Federal Credit Union |
| Sep 1, 2001 | Coastal Bank | Norway Savings Bank |
| Sep 1, 2001 | Iron Horse Credit Union | B.C.S. Community Credit Union |
| Aug 31, 2001 | South Saint Paul Bancshares, Inc. | Bancmidwest Corporation |
| Aug 31, 2001 | Lena Bancorp, Inc. | Foresight Financial Group, Inc. |
| Aug 31, 2001 | First National Bank in Walsenburg | Community Banks of Southern Colorado |
| Aug 29, 2001 | American General Bank, FSB | AIG Federal Savings Bank |
| Aug 25, 2001 | The Drovers & Mechanics Bank | Fulton Bank, N.A. |
| Aug 24, 2001 | Republic Security Bank | Wachovia Bank, National Association |
| Aug 24, 2001 | Peoples Trust Bank Company | Community First Bank |
| Aug 23, 2001 | Bank One, Florida | Bank One, National Association |
| Aug 23, 2001 | Lone Star Bancorporation, Inc. | Sterling Bancorporation, LLC |
| Aug 23, 2001 | Zavala Bankshares, Incorporated | Zavala County Bank |
| Aug 18, 2001 | First National Bank in Newton | The Peoples State Bank of Newton, Illinois |
| Aug 17, 2001 | Sprague Sanford Federal Credit Union | Peopleschoice Credit Union |
| Aug 15, 2001 | FNH Corporation | Promistar Financial Corporation |
| Aug 15, 2001 | Mount Vernon Federal Credit Union | Educational and Governmental Employees Federal Credit Union |
| Aug 15, 2001 | First National Bank of Herminie | Promistar Bank |
| Aug 14, 2001 | Sunamerica Trust Company | AIG Federal Savings Bank |
| Aug 14, 2001 | Capitol District Transit Emp Federal Credit Union | Broadview 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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