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 |
|---|---|---|
| Oct 31, 2001 | Ruthven Investment, Ltd. | Ruthven State Bank |
| Oct 31, 2001 | Prince Hall Family Federal Credit Union | District of Columbia Teachers Federal Credit Union |
| Oct 31, 2001 | Metro Transportation Employees Federal Credit Union | Northrop Grumman Federal Credit Union |
| Oct 31, 2001 | FFV Federal Credit Union | Argent Federal Credit Union |
| Oct 27, 2001 | Northwest Bank, National Association | Whitney National Bank |
| Oct 27, 2001 | Hills Bank Kalona | Hills Bank and Trust Company |
| Oct 27, 2001 | Redstone Financial, Inc. | Whitney Holding Corporation |
| Oct 27, 2001 | Associated Commercial Mortgage, Inc. | Associated Bank, N.A. |
| Oct 27, 2001 | Chemical Bank South | Chemical Bank Shoreline |
| Oct 26, 2001 | Peoples State Bank | VeraBank, N.A. |
| Oct 26, 2001 | Manufacturers Bancshares, Inc. | The Colonial Bancgroup, Inc. |
| Oct 25, 2001 | Commerce Exchange Bank | The Second National Bank of Warren |
| Oct 25, 2001 | Commerce Exchange Corporation | Second Bancorp, Incorporated |
| Oct 24, 2001 | Columbia Barnard Federal Credit Union | Bethex Federal Credit Union |
| Oct 24, 2001 | SJNB Financial Corp. | Greater Bay Bancorp |
| Oct 24, 2001 | Rama Group Federal Credit Union | Crossroads Community Federal Credit Union |
| Oct 20, 2001 | Penn Central National Bank | Omega Bank |
| Oct 20, 2001 | Hollidaysburg Trust Company | Omega Bank |
| Oct 19, 2001 | South Side National Bank in St. Louis | Allegiant Bank |
| Oct 19, 2001 | Rockwell Bank | First Commercial Bank |
| Oct 18, 2001 | Belfast Holding Company | First Pulaski National Corporation |
| Oct 17, 2001 | Charter Pacific Bank | First Bank & Trust |
| Oct 16, 2001 | The First State Bank of Rankin | Texas Financial Bank |
| Oct 15, 2001 | First Colonial Bank | First Virginia Bank - Colonial |
| Oct 15, 2001 | Bakelite Employees Credit Union | Pinnacle Federal Credit Union |
| Oct 15, 2001 | International Paper Employees Credit Union | 1st Gateway Credit Union |
| Oct 13, 2001 | Jci Erie Employees Federal Credit Union | Widget Federal Credit Union |
| Oct 12, 2001 | South Carolina Farm Bureau Federal Credit Union | Allsouth Federal Credit Union |
| Oct 9, 2001 | Landmark Federal Savings Bank | Landmark National Bank |
| Oct 9, 2001 | Landmark Bancshares, Inc. | Landmark Bancorp, Inc. |
| Oct 9, 2001 | MNB Bancshares, Inc. | Landmark Bancorp, Inc. |
| Oct 8, 2001 | First Charter Bank, National Association | Banc of California |
| Oct 6, 2001 | Town & Country State Bank of Winona | WNB Financial, N.A. |
| Oct 6, 2001 | Standard Federal Bank | LaSalle Bank Midwest National Association |
| Oct 2, 2001 | Ukrainian Fraternal Scranton Federal Credit Union | Ukrainian Selfreliance Federal Credit Union |
| Oct 1, 2001 | Napa National Bancorp | WFC Holdings, LLC |
| Oct 1, 2001 | Neuberger & Berman Trust Company | Lehman Brothers Trust Company, N.A. |
| Oct 1, 2001 | Firstar Bank U.S.A., National Association | U.S. Bank N.A. ND |
| Oct 1, 2001 | Uniondata Corp., Inc. | Centrue Financial Corporation |
| Oct 1, 2001 | Valley Oaks National Bank | Montecito Bank & Trust |
| Oct 1, 2001 | Rosary Cathedral Toledo Credit Union, Inc. | Directions Credit Union |
| Oct 1, 2001 | Struthers Warren Federal Credit Union | Kinzua Federal Credit Union |
| Oct 1, 2001 | Amoco Yorktown Refinery Credit Union | Bayport Federal Credit Union |
| Oct 1, 2001 | Northwest Credit Union | Cyprus Federal Credit Union |
| Oct 1, 2001 | Cwa International Federal Credit Union | Afl-Cio Employees Federal Credit Union |
| Oct 1, 2001 | Nickel Plate Industrial Credit Union | Encompass Federal Credit Union |
| Oct 1, 2001 | Lexington Federal Credit Union | Trius Federal Credit Union |
| Oct 1, 2001 | Amphlett Employees Federal Credit Union | MY Credit Union |
| Oct 1, 2001 | U.S. Civil Service Credit Union | Parsons Pittsburg Credit Union |
| Oct 1, 2001 | Pfi Federal Credit Union | Carolina Cooperative 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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