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 |
|---|---|---|
| Aug 13, 2001 | Appalachian Community Bank | Appalachian Community Bank |
| Aug 13, 2001 | First Vantage Bank-Tennessee | National Bank of Commerce |
| Aug 13, 2001 | Tri-County State Bank of Eldorado Springs | Mid-Missouri Bank |
| Aug 11, 2001 | Will Rogers Bank | INTRUST Bank, N.A. |
| Aug 10, 2001 | U.S. Bank National Association | U.S. Bank N.A. |
| Aug 10, 2001 | First Security Trust Company of Nevada | Wells Fargo Bank Nevada, National Association |
| Aug 10, 2001 | First State Bank of Pinellas | First State Bank |
| Aug 10, 2001 | Hebron Bancshares, Inc. | Harvard Bancshares, Inc. |
| Aug 10, 2001 | F & M National Corporation | Truist Financial Corporation |
| Aug 10, 2001 | U.S. Bank National Association OR | U.S. Bank N.A. |
| Aug 9, 2001 | Professional Teachers Credit Union | Beacon Federal |
| Aug 3, 2001 | Cenit Bancorp, Inc. | Wachovia of Alabama, Inc. |
| Aug 3, 2001 | CENIT Bank | SouthTrust Bank |
| Aug 1, 2001 | Benco Employees Credit Union | Avadian Credit Union |
| Aug 1, 2001 | Richmond County Financial Corp. | Flagstar Financial, Inc. |
| Aug 1, 2001 | National City Bancorporation | M&I LLC |
| Aug 1, 2001 | Greenbelt Bancshares, Inc. | TRB Bancorp, Inc. |
| Aug 1, 2001 | Mansfield Bankstock, Inc. | Acme Holding Company, Inc. |
| Aug 1, 2001 | Norwich Connecticut Federal Credit Union | Waypoint Federal Credit Union |
| Aug 1, 2001 | Chase Bank of Texas-San Angelo, N.A. | JPMorgan Chase Bank, N.A. |
| Aug 1, 2001 | S & C Bank, Chippewa | S & C Bank |
| Aug 1, 2001 | Schwegmann Bank and Trust Company | First American Bank and Trust |
| Aug 1, 2001 | Glacier Bank of Eureka | Glacier Bank of Whitefish |
| Aug 1, 2001 | C H a Employees Federal Credit Union | Northstar Credit Union |
| Aug 1, 2001 | The Wilmore State Bank | The Coldwater Native Bank |
| Aug 1, 2001 | National Travelers Life Employee Credit Union | Financial Plus Credit Union |
| Aug 1, 2001 | Richmond County Savings Bank | Flagstar Bank, N.A. |
| Aug 1, 2001 | St John's Credit Union | Northern Lights Credit Union |
| Aug 1, 2001 | Edconn Federal Credit Union | Achieve Financial Credit Union |
| Aug 1, 2001 | Iron Workers Local #14 Credit Union | Ironworkers USA Federal Credit Union |
| Jul 31, 2001 | Ironton Dmi Employees Federal Credit Union | Desco Federal Credit Union |
| Jul 31, 2001 | Old National Trust Company | (unnamed) |
| Jul 31, 2001 | Peoples Investments Inc. | Peoples Bank |
| Jul 30, 2001 | Fulton Holding Company | Reelfoot Bancshares, Inc. |
| Jul 28, 2001 | Cleveland Government Employees Credit Union | Statewide Federal Credit Union |
| Jul 27, 2001 | First Volunteer Bank of East Tennessee | Builtwell Bank |
| Jul 27, 2001 | Pineland State Bank | First Bank & Trust East Texas |
| Jul 25, 2001 | CG Trust Company | Cigna Bank & Trust Company |
| Jul 24, 2001 | Nova Corporation | U.S. Bancorp |
| Jul 23, 2001 | Golden Isles Financial Holdings, Inc. | Ameris Bancorp |
| Jul 23, 2001 | Pacific Electricord Employees Federal Credit Union | Pacific Transportation Federal Credit Union |
| Jul 21, 2001 | The Citizens Bank and Trust Company of Grayson County | Wilson & Muir Bank & Trust Company |
| Jul 21, 2001 | Iowa State Bank | The First National Bank, Oelwein |
| Jul 21, 2001 | Intervest Bank | Intervest National Bank |
| Jul 21, 2001 | Fort Calhoun State Bank | Teambank, N.A. |
| Jul 17, 2001 | European American Bank | Citibank, N.A. |
| Jul 17, 2001 | Lighthouse Bank | Beacon Bank & Trust |
| Jul 16, 2001 | Firstar Bank, National Association | U.S. Bank N.A. |
| Jul 16, 2001 | Laclede County Bank | Mid-Missouri Bank |
| Jul 14, 2001 | Calvert Bank | Community Financial Services Bank |
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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