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 |
|---|---|---|
| Sep 11, 2001 | Coupland Bancshares-Nevada, Inc. | Industry Holdings, Inc. |
| Sep 8, 2001 | Cargill Bank of Connecticut | Westbank |
| Sep 7, 2001 | Bridgeport Savings and Loan Association | Advance Financial Savings Bank, FSB |
| Sep 7, 2001 | First Capital Bank of Arizona | CoBiz Bank |
| Sep 7, 2001 | Boyden Bancorp | Citizens State Bank |
| Sep 7, 2001 | Farmers Savings Bank | Citizens State Bank |
| Sep 6, 2001 | Barden Employees Credit Union | Albright Credit Union |
| Sep 5, 2001 | Peoples State Bank | Citizens State Bank |
| Sep 4, 2001 | Light Metals Employees Federal Credit Union | First United Credit Union |
| Sep 1, 2001 | S & C Bank, Polk County | S & C Bank |
| Sep 1, 2001 | (unnamed) | Farmers State Bank |
| Sep 1, 2001 | Star Bancshares of Nevada, Inc. | Star Bancshares, Inc. |
| Sep 1, 2001 | Mustang Holdings, Inc. | Mustang Financial Corporation |
| Sep 1, 2001 | Bank of Louisville, FSB | Bank of Louisville |
| Sep 1, 2001 | Banc One Mortgage Corporation | Bank One, National Association |
| Sep 1, 2001 | The First National Bankshares, Inc. | Wells Fargo & Company |
| Sep 1, 2001 | Farmers National Bancorp, Inc. | Wells Fargo & Company |
| Sep 1, 2001 | First Coastal Corporation | Norway Bancorp, Inc |
| Sep 1, 2001 | Wachovia Corporation | Wachovia Corporation |
| Sep 1, 2001 | First Chicago NBD Mortgage Company | Bank One, National Association |
| Sep 1, 2001 | Packers Management Company, Inc. | Wells Fargo & Company |
| Sep 1, 2001 | Banner Bank of Oregon | Banner Bank |
| Sep 1, 2001 | Health Care Credit Union | Lake Michigan Credit Union |
| Sep 1, 2001 | Team California Federal Credit Union | MY Credit Union |
| Sep 1, 2001 | Alliance Credit Union | Lake Michigan Credit Union |
| Sep 1, 2001 | Reporter Credit Union | Marine Credit Union |
| Sep 1, 2001 | Saint Mary's Hospital Credit Union | Lake Michigan Credit Union |
| Sep 1, 2001 | Dixie Cup Credit Union, Inc. | Greater Kentucky Credit Union, Inc. |
| Sep 1, 2001 | First Federal Savings and Loan Association | The Savings Bank of Manchester |
| Sep 1, 2001 | Greater Boston Federal Credit Union | Tremont Credit Union |
| Sep 1, 2001 | King Mill Savings and Credit Association Credit Union | Augusta Vah Federal Credit Union |
| Sep 1, 2001 | Coastal Bank | Norway Savings Bank |
| Sep 1, 2001 | Iron Horse Credit Union | B.C.S. Community Credit Union |
| Aug 31, 2001 | South Saint Paul Bancshares, Inc. | Bancmidwest Corporation |
| Aug 31, 2001 | Lena Bancorp, Inc. | Foresight Financial Group, Inc. |
| Aug 31, 2001 | First National Bank in Walsenburg | Community Banks of Southern Colorado |
| Aug 29, 2001 | American General Bank, FSB | AIG Federal Savings Bank |
| Aug 25, 2001 | The Drovers & Mechanics Bank | Fulton Bank, N.A. |
| Aug 24, 2001 | Republic Security Bank | Wachovia Bank, National Association |
| Aug 24, 2001 | Peoples Trust Bank Company | Community First Bank |
| Aug 23, 2001 | Bank One, Florida | Bank One, National Association |
| Aug 23, 2001 | Lone Star Bancorporation, Inc. | Sterling Bancorporation, LLC |
| Aug 23, 2001 | Zavala Bankshares, Incorporated | Zavala County Bank |
| Aug 18, 2001 | First National Bank in Newton | The Peoples State Bank of Newton, Illinois |
| Aug 17, 2001 | Sprague Sanford Federal Credit Union | Peopleschoice Credit Union |
| Aug 15, 2001 | FNH Corporation | Promistar Financial Corporation |
| Aug 15, 2001 | Mount Vernon Federal Credit Union | Educational and Governmental Employees Federal Credit Union |
| Aug 15, 2001 | First National Bank of Herminie | Promistar Bank |
| Aug 14, 2001 | Sunamerica Trust Company | AIG Federal Savings Bank |
| Aug 14, 2001 | Capitol District Transit Emp Federal Credit Union | Broadview 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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