Skip to main content

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
Jul 1, 2001 Advocate Health Care Federal Credit Union IL Healthcare Associates Credit Union
Jul 1, 2001 Forestry & Conservation Credit Union FL Flag Credit Union
Jul 1, 2001 Cooperatives Federal Credit Union IN Link Federal Credit Union
Jul 1, 2001 Clark General Federal Credit Union OH Acme Federal Credit Union
Jul 1, 2001 Citizens State Bank of St. James MN Pioneer Bank
Jul 1, 2001 Industrial Savings and Loan Association OH Home Savings Bank
Jul 1, 2001 Beloit College Credit Union WI First Community Credit Union of Beloit
Jun 30, 2001 Santa Fe Fort Worth Federal Credit Union TX EECU
Jun 30, 2001 Cloverbank NJ Farmers and Mechanics Bank
Jun 30, 2001 Poco Federal Credit Union GA Etowah Valley Federal Credit Union
Jun 30, 2001 Metro Community Credit Union MN Affinity Plus Federal Credit Union
Jun 30, 2001 Heritage Federal Bank SC SouthBank
Jun 30, 2001 Ridgewood Savings Bank of New Jersey NJ Blue Foundry Bank
Jun 30, 2001 The Citizens Savings Bank Company OH RFC Banking Company
Jun 30, 2001 Far West Credit Union MO Stationery Credit Union
Jun 30, 2001 Owl Federal Credit Union CA Prospectors Federal Credit Union
Jun 30, 2001 The Farmers National Bank of Forney TX City Bank
Jun 30, 2001 Wallace Hardware Employees Credit Union TN Lowland Credit Union
Jun 30, 2001 The First National Bank of Ottawa OH RFC Banking Company
Jun 30, 2001 Pressco Federal Credit Union OH First Service Federal Credit Union
Jun 30, 2001 Hometown Bank CT Liberty Bank
Jun 30, 2001 Padua Federal Credit Union PA First Commonwealth Federal Credit Union
Jun 30, 2001 The National Bank of Sussex County NJ Lakeland Bank
Jun 30, 2001 First Midwest Trust Company, N.A. IL First Midwest Bank
Jun 30, 2001 First Capital Bancorp, Inc. OK FCB Holdings, Inc.
Jun 30, 2001 Farmers State Agency of Fosston MN First National Agency of Bagley, Inc.
Jun 30, 2001 Champion Mortgage Co., Inc. NJ Key Bank USA, N.A.
Jun 30, 2001 Eagle Bancshares, Inc. TX Community Bank Holdings of Texas, Inc.
Jun 30, 2001 Ridgewood Financial, Inc. NJ Blue Foundry Bancorp
Jun 30, 2001 Ridgewood Financial, MHC NJ Blue Foundry, MHC
Jun 29, 2001 Coupland Bancshares, Inc. TX Industry Bancshares, Inc.
Jun 29, 2001 Marfa Bancshares, Inc. TX Big Bend Bancshares Corporation
Jun 28, 2001 Virginia Capital Bancshares, Inc. VA Truist Financial Corporation
Jun 26, 2001 Citizens National Bank of Childress TX First National Bank of Borger
Jun 25, 2001 G & R Federal Credit Union NY Financial Trust Federal Credit Union
Jun 25, 2001 Greater Morristown Area Federal Credit Union NJ L'Oreal USA Federal Credit Union
Jun 25, 2001 The Greenup National Bank IL First Neighbor Bank, N.A.
Jun 23, 2001 Crusader Savings Bank, F.S.B. PA Royal Bank America
Jun 23, 2001 Cook County State Bank MN Security State Bank of Aitkin
Jun 23, 2001 Friendship Community Bank FL The Park Avenue Bank
Jun 23, 2001 Kulm State Bank ND Heartland State Bank
Jun 22, 2001 Garden City Bancshares, Inc. MO Lead Financial Group, Inc.
Jun 20, 2001 Central Coast Credit Union CA Slo Credit Union
Jun 18, 2001 Millbrook-Newark Bank IL Farmers State Bank of Somonauk
Jun 16, 2001 First National Bank MO First National Bank
Jun 16, 2001 Citizens Community Bank of Florida FL First National Bank of Florida
Jun 15, 2001 Norwalk Educational Credit Union, Inc. CT Mutual Security Credit Union, Inc.
Jun 12, 2001 Covington First State Bancshares, Inc. OK Waukomis Bancshares, Inc.
Jun 11, 2001 Columbian Bank, a FSB MD Cecil Bank
Jun 9, 2001 Shickley State Bank NE Heartland Bank

The list holds 500 of the 940 mergers recorded for 2001.

Enforcement Actions in 2001

Action date Agency Institution Action
Dec 27, 2001 OCC The Citizens National Bank Prohibition/Removal Orders: Williams, Lisa S.
Dec 21, 2001 OCC_OTS Gulf Financial Holdings, Inc. Supervisory Agreement: Gulf FSB
Dec 20, 2001 OCC_OTS Berean Bank Cease and Desist: Berean Bank
Dec 20, 2001 OCC First National Bank and Trust of Syracuse Formal Agreement: First National Bank and Trust of Syracuse
Dec 20, 2001 OCC The Genoa National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Genoa National Bank
Dec 19, 2001 OCC The First National Bank of Littlefield Formal Agreement: The First National Bank of Littlefield
Dec 18, 2001 OCC Eagle National Bancorp, Inc. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Eagle National Bank
Dec 17, 2001 OCC BNY Mellon, N.A. Prohibition/Removal Orders: Boyd, Monica L.
Dec 14, 2001 OCC_OTS (individual) Cease and Desist: Haiching Zhao
Dec 14, 2001 OCC (individual) Prohibition/Removal Orders: Lossia, Darren A.
Dec 11, 2001 OCC_OTS (individual) Termination of Cease and Desist: James Campbell
Dec 11, 2001 OCC_OTS (individual) Termination of Cease and Desist: Weldon Boles
Dec 11, 2001 FRB First State Bank of Warner, S. Dak. Written Agreement: First State Bank of Warner, Warner, SD
Dec 10, 2001 OCC_OTS (individual) Civil Money Penalty: Bradley J. Lyon
Dec 4, 2001 OCC_OTS (individual) Supervisory Agreement: First SB, FSB
Dec 3, 2001 OCC The Redwood National Bank Civil Money Penalty (CMP): Cook, Mark
Dec 3, 2001 OCC Ontario National Bank Civil Money Penalty (CMP): Cook, Mark
Dec 3, 2001 OCC_OTS (individual) Supervisory Agreement: San Luis Trust Bank, FSB
Dec 3, 2001 OCC_OTS Approved Federal Savings Bank Supervisory Agreement: Approved FSB
Dec 3, 2001 OCC_OTS Washington Mutual Bank, F.A. Orders of Removal/Prohibition: Rosa P. Rivera
Dec 3, 2001 OCC_OTS (individual) Orders of Removal/Prohibition: Maria D. Banchon
Dec 3, 2001 OCC_OTS First Federal Savings Bank of California Orders of Removal/Prohibition: Kaleen Clinton
Dec 3, 2001 OCC Credit One Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of Marin
Dec 3, 2001 OCC First National Bank of Sumner The-Retained Charter Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of Sumner, The
Dec 3, 2001 OCC Cayuga Lake National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Cook, Mark
Dec 3, 2001 OCC Ontario National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Cook, Mark
Dec 3, 2001 OCC The Redwood National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Cook, Mark
Dec 3, 2001 OCC Cayuga Lake National Bank Civil Money Penalty (CMP): Cook, Mark
Nov 30, 2001 OCC (individual) Civil Money Penalty (CMP): Flanders, Gary W.
Nov 28, 2001 OCC_OTS Spencer Savings Bank, Savings and Loan Association Supervisory Agreement: Spencer SB, SLA
Nov 28, 2001 FRB Gulf Bank Cease and Desist Order: Gulf Bank
Nov 27, 2001 FRB Qfi-Little Rock Ar, LLC Written Agreement: Bank of Little Rock, Little Rock, AR
Nov 26, 2001 OCC_OTS Libertybank Orders of Removal/Prohibition: Clare L. Jones
Nov 21, 2001 OCC (individual) Formal Agreement: First Community Bank, N.A.
Nov 21, 2001 OCC Providian National Bank Formal Agreement: Providian National Bank
Nov 20, 2001 OCC The First National Bank of Germantown Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank Of Germantown
Nov 20, 2001 OCC_OTS Home Federal Savings Bank Supervisory Agreement: Home FSB
Nov 20, 2001 OCC_OTS Greater South Texas Bank Cease and Desist: Greater South Texas Bank, FSB
Nov 19, 2001 OCC Neighborhood National Bank Formal Agreement: Neighborhood National Bank
Nov 15, 2001 OCC Nextbank, N.A. Prompt Corrective Action (PCA) Directive: Nextbank, National Association
Nov 13, 2001 FRB (individual) Cease and Desist Order: State Bank of India, Mumbai, India, State Bank of India …
Nov 13, 2001 FRB (individual) Civil Money Penalty $3,750,000: State Bank of India, Mumbai, India, State Bank of India …
Nov 12, 2001 OCC First National Bank of Lucedale Civil Money Penalty (CMP): O'Neal, John H.
Nov 12, 2001 OCC First National Bank of Lucedale C&D or PC&D Requiring Restitution: O'Neal, John H.
Nov 6, 2001 OCC The Carlsbad National Bank Civil Money Penalty (CMP): Firestone, Ronald R.
Nov 6, 2001 OCC The Carlsbad National Bank Prohibition/Removal Orders: Firestone, Ronald R.
Nov 5, 2001 OCC_OTS Washington Mutual Bank, F.A. Orders of Removal/Prohibition: Caesar M. Espinoza
Nov 5, 2001 OCC_OTS United Trust Bank Cease and Desist: United Trust and FSB
Nov 2, 2001 OCC The Park Avenue Bank Formal Agreement: The Park Avenue Bank, N.A.
Oct 26, 2001 FRB Bank of Ephraim Written Agreement: Bank of Ephraim, Ephraim, UT

Browse adjacent years: 2000 · 2002

Or jump to a category: Failures · Mergers · Enforcement · Assistance