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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
Dec 18, 2001 F & M Bank Holding Company of Valley City, Inc. SD Dacotah Banks, Inc.
Dec 17, 2001 Foxdale Bancorp, Inc. IL FNBC Bank and Trust
Dec 17, 2001 T. F. C. Federal Credit Union PA N F G #2 Federal Credit Union
Dec 17, 2001 Foxdale Bank IL FNBC Bank and Trust
Dec 15, 2001 Nashoba Bank TN Trustmark Bank
Dec 15, 2001 Nashoba Bancshares, Inc. TN Trustmark Corporation
Dec 15, 2001 Ewn Investments, Inc. IA Dunlap Iowa Holding Co.
Dec 15, 2001 Central Trust Investment, Inc. IA Central Bank
Dec 15, 2001 Central Trust and Savings Bank IA Central Bank
Dec 15, 2001 The Farmers National Bank of Opelika AL First American Bank
Dec 15, 2001 Ute State Bank IA Community Bank
Dec 14, 2001 Farmers National Bancshares, Inc. AL Alabama National Bancorporation
Dec 13, 2001 Community First Banking Company GA Truist Financial Corporation
Dec 11, 2001 Stockmens Financial Corporation TX Stockmens National Bank in Cotulla
Dec 10, 2001 Wells Fargo Audit Services, Inc. MN Wells Fargo & Company
Dec 8, 2001 Century Bancshares, Inc. DC Ubv Holding Company, LLC
Dec 8, 2001 Farmers and Merchants Bank GA The Park Avenue Bank
Dec 8, 2001 Century National Bank DC United Bank
Dec 8, 2001 Simmons First Bank of Dumas AR Simmons First Bank of South Arkansas
Dec 8, 2001 First American Bank of Pensacola, National Association FL Coastal Bank and Trust of Florida
Dec 8, 2001 Fabp Bancshares, Inc. FL Synovus Financial Corp.
Dec 8, 2001 Facility Holdings, Inc. MD Ubv Holding Company, LLC
Dec 8, 2001 CBI Holdings Corporation DC Ubv Holding Company, LLC
Dec 7, 2001 Springdale Bank & Trust AR Arvest Bank
Dec 7, 2001 The Farmers and Merchants Bank AR Arvest Bank
Dec 7, 2001 Manufacturers Bank of Florida FL Israel Discount Bank of New York
Dec 6, 2001 Valparaiso University Federal Credit Union IN First Trust Credit Union
Dec 6, 2001 Purina Cincinnati Employees Credit Union, Inc. OH Mill City Credit Union
Dec 1, 2001 Nueces National Bank TX First National Bank
Dec 1, 2001 G.S.T. Employees Federal Credit Union TX Houston Federal Credit Union
Dec 1, 2001 Chase Manhattan Private Bank, N.A. FL J.P. Morgan Trust Company, N.A.
Dec 1, 2001 Frontier State Bank CA First Federal Bank of California, F.S.B.
Dec 1, 2001 Del Rio National Bank TX South Texas National Bank of Laredo
Dec 1, 2001 Citi Fiduciary Trust Bank of Michigan MI Citicorp Trust Bank, FSB
Dec 1, 2001 Citi Fiduciary Trust Company NY Citicorp Trust Bank, FSB
Dec 1, 2001 Citi Fiduciary Trust Company of Texas TX Citicorp Trust Bank, FSB
Dec 1, 2001 Citi Fiduciary Trust Company of New Jersey NJ Citicorp Trust Bank, FSB
Dec 1, 2001 Chase Manhattan Trust Company, N.A. PA J.P. Morgan Trust Company, N.A.
Dec 1, 2001 First Bancshares of Delaware, Inc. DE Regions Financial Corporation
Dec 1, 2001 Citi Fiduciary Trust Company of Florida FL Citicorp Trust Bank, FSB
Dec 1, 2001 American Freightways Federal Credit Union AR Fedex Employees Credit Association Federal Credit Union
Dec 1, 2001 J.P. Morgan FSB FL J.P. Morgan Trust Company, N.A.
Dec 1, 2001 AmericanWest Bank, National Association WA AmericanWest Bank
Dec 1, 2001 First Bancshares of Texas, Inc. TX Regions Financial Corporation
Dec 1, 2001 Chase Holding Delaware Inc. DE J.P. Morgan Equity Holdings, LLC
Dec 1, 2001 L.P.L. Employees Federal Credit Union MN Minnesota Power Employees Credit Union
Dec 1, 2001 World-Herald Employee's Credit Union NE Omaha Federal Credit Union
Dec 1, 2001 Del Amo Savings Bank, FSB CA First Federal Bank of California, F.S.B.
Dec 1, 2001 Famco Federal Credit Union CA Southland Credit Union
Dec 1, 2001 Saints Jude & Agnes Federal Credit Union OH Lormet Community Federal Credit Union

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

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