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 14, 2001 | The First National Bank and Trust Company Athens, Tennessee | Truist Bank |
| Jul 14, 2001 | Atlantic Aviation Employees Federal Credit Union | Del-One Federal Credit Union |
| Jul 14, 2001 | The Bank of Whitesburg | Whitaker Bank, Inc |
| Jul 14, 2001 | BankFirst | Truist Bank |
| Jul 13, 2001 | First National Bancorp, Inc. | BMO Financial Corp. |
| Jul 12, 2001 | City Bancshares, Inc. | First Financial Bankshares, Inc. |
| Jul 12, 2001 | BankFirst Trust Company | Truist Bank |
| Jul 9, 2001 | LB Bancorp, Inc. | State Financial Services Corporation |
| Jul 9, 2001 | Liberty Bank | State Financial Bank, National Association |
| Jul 7, 2001 | Provident Bank, F.S.B. | Gold Bank |
| Jul 4, 2001 | Jade Financial Corp | PSB Bancorp, Inc. |
| Jul 4, 2001 | Iga Federal Savings | Conestoga Bank |
| Jul 2, 2001 | Rusk Delaware Financial Corporation | Henderson Citizens Delaware Bancshares, Inc. |
| Jul 2, 2001 | Perry County Financial Corporation | Jefferson County Bancshares, Incorporated |
| Jul 2, 2001 | Alliance Bancorp | Charter-Michigan Bancorp, Inc. |
| Jul 2, 2001 | Rusk County Bancshares, Inc. | VeraBank, Inc. |
| Jul 2, 2001 | James River Bankshares, Inc. | First Virginia Banks, Inc. |
| Jul 2, 2001 | Tokai Bank of California | United California Bank |
| Jul 2, 2001 | Cytec Employees Federal Credit Union | Connex Credit Union, Inc |
| Jul 2, 2001 | Mon-Pres Federal Credit Union | The United Federal Credit Union |
| Jul 2, 2001 | Witco Credit Union | Penacol Federal Credit Union |
| Jul 2, 2001 | A.G. Edwards Trust Company | A.G. Edwards Trust Company FSB |
| Jul 2, 2001 | Members 1st Credit Union | Consumer Credit Union |
| Jul 2, 2001 | Liberty Federal Bank | Charter One Bank, National Association |
| Jul 1, 2001 | Mennonite Federal Credit Union | Arkansas Valley Federal Credit Union |
| Jul 1, 2001 | Cal West Credit Union | Financial Partners Credit Union |
| Jul 1, 2001 | Senco Employees Federal Credit Union | Emery Federal Credit Union |
| Jul 1, 2001 | Willamette Falls Federal Credit Union | Rivermark Community Credit Union |
| Jul 1, 2001 | Trustmark Insurance Company Credit Union | Baxter Credit Union |
| Jul 1, 2001 | Aal Member Credit Union | Thrivent Trust Co. |
| Jul 1, 2001 | The First American Bank | Brooks Bank, N.A. |
| Jul 1, 2001 | Providence Federal Employees Federal Credit Union | Postal Government Employees Federal Credit Union |
| Jul 1, 2001 | Western Credit Union | Express Credit Union |
| Jul 1, 2001 | Anemostat Employees Federal Credit Union | Net Federal Credit Union |
| Jul 1, 2001 | Valley State Bank of Oslo | Community Bank of the Red River Valley |
| Jul 1, 2001 | Spaulding Employees Credit Union | Premier Source Credit Union |
| Jul 1, 2001 | Tri-Clover Credit Union | Educators Credit Union |
| Jul 1, 2001 | Mountaintop Federal Credit Union | Cross Valley Federal Credit Union |
| Jul 1, 2001 | Tolland Pic Holding Corporation | Tolland Bank |
| Jul 1, 2001 | First State Bancorp of the Rockies | First MainStreet Financial, Ltd. |
| Jul 1, 2001 | Community Trust Financial Services Corporation | GB&T Bancshares, Inc. |
| Jul 1, 2001 | The Pennsylvania Capital Bank | Three Rivers Bank and Trust Company |
| Jul 1, 2001 | National Carbon Employees Credit Union | Harrison County Federal Credit Union |
| Jul 1, 2001 | Francor Financial, Inc. | First Merchants Corporation |
| Jul 1, 2001 | Lamar Capital Corporation | Hancock Whitney Corporation |
| Jul 1, 2001 | Drovers Bancshares Corporation | Fulton Financial Corporation |
| Jul 1, 2001 | Oak Lawn Community Church Credit Union | South Division Credit Union |
| Jul 1, 2001 | Aal Credit Union | Thrivent Trust Co. |
| Jul 1, 2001 | Mountain Bell Credit Union | Wings Credit Union |
| Jul 1, 2001 | Connecticut Irs Employees Federal Credit Union | Capitol Region 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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