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 1, 2001 | Newport-Mesa Federal Credit Union | LBS Financial Credit Union |
| Oct 1, 2001 | Preferred Credit Union | Piedmont Advantage Credit Union |
| Oct 1, 2001 | Capitol City Federal Credit Union | Connex Credit Union, Inc |
| Oct 1, 2001 | Metro One Federal Credit Union | Augusta Metro Federal Credit Union |
| Oct 1, 2001 | M C Employees Credit Union | Leeco Credit Union |
| Oct 1, 2001 | Vermont Grocers Credit Union | Green Mountain Credit Union |
| Oct 1, 2001 | Credit Union of Puget Sound | 1st Security Bank of Washington |
| Oct 1, 2001 | North County Bancorp | WFC Holdings, LLC |
| Oct 1, 2001 | Silverdale State Bank | American Marine Bank |
| Oct 1, 2001 | City of South Euclid Employees Credit Union, Inc. | Firefighters Community Cu |
| Oct 1, 2001 | Kemba Federal Credit Union | Southwest Financial Federal Credit Union |
| Oct 1, 2001 | La Junta Federal Credit Union | Arkansas Valley Federal Credit Union |
| Oct 1, 2001 | Bluffs U P Employees Credit Union | Centris Federal Credit Union |
| Oct 1, 2001 | Ideal Federal Credit Union | Tinker Federal Credit Union |
| Oct 1, 2001 | Workingmens Savings Bank | ESB Bank |
| Oct 1, 2001 | Saint Christopher Credit Union | South Division Credit Union |
| Sep 30, 2001 | Keso Federal Credit Union | KSW Federal Credit Union |
| Sep 30, 2001 | Chaparral Bancshares, Inc. | Park Cities Corporation |
| Sep 30, 2001 | Ericsson Employees Federal Credit Union | Member One Federal Credit Union |
| Sep 30, 2001 | School District 120 Employees Credit Union | Peoples Community Credit Union |
| Sep 29, 2001 | Sacred Heart Parish Credit Union | Hiway Credit Union |
| Sep 29, 2001 | Americorp | Mid-State Bancshares |
| Sep 29, 2001 | Enterprise Banking, National Association | Enterprise Bank & Trust |
| Sep 29, 2001 | American Commercial Bank | Mid-State Bank & Trust |
| Sep 29, 2001 | Imperial Bank | Comerica Bank-California |
| Sep 28, 2001 | The First Bank of Mitchell | BloomBank |
| Sep 28, 2001 | Bank of Hawaii Credit Card, N.A. | Bank of Hawaii |
| Sep 28, 2001 | Pioneer American Property Company | Banner Bank |
| Sep 28, 2001 | Southside Bancshares Corp. | Allegiant Bancorp, Incorporated |
| Sep 28, 2001 | Hilliard Lyons Trust Company | PNC Bank, N.A. |
| Sep 28, 2001 | Georgia - Pacific Credit Union, Inc. | Stark Federal Credit Union |
| Sep 27, 2001 | Revere Federal Savings and Loan Association | Danversbank |
| Sep 24, 2001 | Echo Club NF Federal Credit Union | Niagara's Choice Federal Credit Union |
| Sep 22, 2001 | Hebron State Bank | The Harvard State Bank |
| Sep 22, 2001 | The Lamar Bank | Hancock Whitney Bank |
| Sep 18, 2001 | The Rio Grande County Bank | Community Banks of the Rockies |
| Sep 18, 2001 | Community Bank-Dove Creek | Community Banks of the Rockies |
| Sep 17, 2001 | First Federal Bank | Branch Banking and Trust Company of South Carolina |
| Sep 17, 2001 | Fredericksburg State Bank | Branch Banking and Trust Company of Virginia |
| Sep 17, 2001 | State Bank | First Virginia Bank |
| Sep 15, 2001 | Independent Bank | Independent Bank |
| Sep 15, 2001 | Pine Level Bank | The Heritage Bank |
| Sep 15, 2001 | Bank West | Chemical Bank West |
| Sep 15, 2001 | Home Savings, SSB | First Bank |
| Sep 15, 2001 | Agco Employees Credit Union | First Community Credit Union |
| Sep 14, 2001 | First Southwest Bank | BancFirst |
| Sep 13, 2001 | Midland Trust Company, N.A. | Wells Fargo Bank Texas, National Association |
| Sep 13, 2001 | Teamsters Southern WV Ups Federal Credit Union | Star USA Federal Credit Union |
| Sep 11, 2001 | Clinton County Employees Federal Credit Union | Adirondack Regional Federal Credit Union |
| Sep 11, 2001 | TownBank, National Association | First Mercantile Bank, National Association |
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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