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 |
|---|---|---|
| Nov 10, 2001 | Century South Bank of Ellijay | Truist Bank |
| Nov 10, 2001 | Century South Bank of the Coastal Region, National Association | Truist Bank |
| Nov 10, 2001 | Morgan Guaranty Trust Company of New York | JPMorgan Chase Bank, N.A. |
| Nov 10, 2001 | Century South Bank of the Carolinas | Truist Bank |
| Nov 10, 2001 | The Minnequa Bank of Pueblo | Vectra Bank Colorado, National Association |
| Nov 10, 2001 | First Interstate Bank | First Interstate Bank |
| Nov 10, 2001 | Century South Bank of Northeast Georgia, National Association | Truist Bank |
| Nov 9, 2001 | Central National Bank, Canajoharie | NBT Bank, N.A. |
| Nov 9, 2001 | Bank One, Utah, National Association | Bank One, National Association |
| Nov 9, 2001 | Bank One, Arizona, National Association | Bank One, National Association |
| Nov 9, 2001 | Peoples Bancorp, Inc. | United Community Banks, Inc. |
| Nov 9, 2001 | CNB Financial Corp. | NBT Bancorp Inc. |
| Nov 9, 2001 | The Southeastern Trust Company | Branch Banking and Trust Company of South Carolina |
| Nov 9, 2001 | Union Bank and Trust Company | Heritage Community Bank |
| Nov 9, 2001 | Vevay Deposit Bank | Heritage Community Bank |
| Nov 9, 2001 | Farmers State Bank | Heritage Community Bank |
| Nov 9, 2001 | Fulton Bank | Reelfoot Bank |
| Nov 7, 2001 | First National Bank of Morton Grove | MB Financial Bank, National Association |
| Nov 7, 2001 | MB Financial, Inc. | MB Financial, Inc. |
| Nov 7, 2001 | The First National Bank of Canon City, Colorado | Sunflower Bank, N.A. |
| Nov 7, 2001 | Manufacturers Bank | MB Financial Bank, National Association |
| Nov 7, 2001 | First National Bank of Elmhurst | MB Financial Bank, National Association |
| Nov 3, 2001 | Ideal Bancshares, Inc. | Choice Financial Holdings, Inc. |
| Nov 3, 2001 | Walhalla Bank Holding Company | Choice Financial Holdings, Inc. |
| Nov 3, 2001 | First State Bank Langdon | Choice Financial Group |
| Nov 3, 2001 | First Capital Bank of North Dakota | Choice Financial Group |
| Nov 3, 2001 | Walhalla State Bank | Choice Financial Group |
| Nov 3, 2001 | First National Bank of Grady County | Capital City Bank |
| Nov 1, 2001 | The Federal Savings Bank of Evangeline Parish | Guaranty Bank |
| Nov 1, 2001 | Homelite Employees Federal Credit Union | Sharonview Federal Credit Union |
| Nov 1, 2001 | Celotex Lagro Indiana Employees Federal Credit Union | Beacon Credit Union |
| Nov 1, 2001 | Community Bank | Metrobank, National Association |
| Nov 1, 2001 | Middlesboro Federal Bank, FSB | Commercial Bank |
| Nov 1, 2001 | Progress Credit Union | L&N Federal Credit Union |
| Nov 1, 2001 | Gulf Coast Boilermakers Fcu | All in Federal Credit Union |
| Nov 1, 2001 | Cicosta Federal Credit Union | Montana Federal Credit Union |
| Nov 1, 2001 | Monsanto Employees Federal Credit Union | Shore to Shore Community Federal Credit Union |
| Nov 1, 2001 | Farmers State Bank Chadwick and Mount Carroll | Metrobank, National Association |
| Nov 1, 2001 | Rocco Employees Federal Credit Union | Commonwealth One Federal Credit Union |
| Nov 1, 2001 | MetroWest Bank, National Association | First Massachusetts Bank, National Association |
| Nov 1, 2001 | Ruthven State Bank | Iowa State Bank |
| Nov 1, 2001 | BYL Bank Group | First Bank & Trust |
| Nov 1, 2001 | Cardinal Bank - Dulles, N.A. | Cardinal Bank |
| Nov 1, 2001 | BYL Bancorp | The San Francisco Company |
| Nov 1, 2001 | American Community Bank | First Federal Capital Bank |
| Nov 1, 2001 | National City Bank of Minneapolis | M&I Marshall and Ilsley Bank |
| Nov 1, 2001 | Cardinal Bank-Potomac | Cardinal Bank |
| Oct 31, 2001 | All-Time Atm, Inc. | First Security Corporation |
| Oct 31, 2001 | First National Credit Card Company | First National Bank |
| Oct 31, 2001 | Andover Bancorp, Inc. | TD Bank US Holding Company |
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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