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 |
|---|---|---|
| Jul 14, 2001 | The First National Bank and Trust Company Athens, Tennessee | Truist Bank |
| Jul 14, 2001 | Atlantic Aviation Employees Federal Credit Union | Del-One Federal Credit Union |
| Jul 14, 2001 | The Bank of Whitesburg | Whitaker Bank, Inc |
| Jul 14, 2001 | BankFirst | Truist Bank |
| Jul 13, 2001 | First National Bancorp, Inc. | BMO Financial Corp. |
| Jul 12, 2001 | City Bancshares, Inc. | First Financial Bankshares, Inc. |
| Jul 12, 2001 | BankFirst Trust Company | Truist Bank |
| Jul 9, 2001 | LB Bancorp, Inc. | State Financial Services Corporation |
| Jul 9, 2001 | Liberty Bank | State Financial Bank, National Association |
| Jul 7, 2001 | Provident Bank, F.S.B. | Gold Bank |
| Jul 4, 2001 | Jade Financial Corp | PSB Bancorp, Inc. |
| Jul 4, 2001 | Iga Federal Savings | Conestoga Bank |
| Jul 2, 2001 | Rusk Delaware Financial Corporation | Henderson Citizens Delaware Bancshares, Inc. |
| Jul 2, 2001 | Perry County Financial Corporation | Jefferson County Bancshares, Incorporated |
| Jul 2, 2001 | Alliance Bancorp | Charter-Michigan Bancorp, Inc. |
| Jul 2, 2001 | Rusk County Bancshares, Inc. | VeraBank, Inc. |
| Jul 2, 2001 | James River Bankshares, Inc. | First Virginia Banks, Inc. |
| Jul 2, 2001 | Tokai Bank of California | United California Bank |
| Jul 2, 2001 | Cytec Employees Federal Credit Union | Connex Credit Union, Inc |
| Jul 2, 2001 | Mon-Pres Federal Credit Union | The United Federal Credit Union |
| Jul 2, 2001 | Witco Credit Union | Penacol Federal Credit Union |
| Jul 2, 2001 | A.G. Edwards Trust Company | A.G. Edwards Trust Company FSB |
| Jul 2, 2001 | Members 1st Credit Union | Consumer Credit Union |
| Jul 2, 2001 | Liberty Federal Bank | Charter One Bank, National Association |
| Jul 1, 2001 | Mennonite Federal Credit Union | Arkansas Valley Federal Credit Union |
| Jul 1, 2001 | Cal West Credit Union | Financial Partners Credit Union |
| Jul 1, 2001 | Senco Employees Federal Credit Union | Emery Federal Credit Union |
| Jul 1, 2001 | Willamette Falls Federal Credit Union | Rivermark Community Credit Union |
| Jul 1, 2001 | Trustmark Insurance Company Credit Union | Baxter Credit Union |
| Jul 1, 2001 | Aal Member Credit Union | Thrivent Trust Co. |
| Jul 1, 2001 | The First American Bank | Brooks Bank, N.A. |
| Jul 1, 2001 | Providence Federal Employees Federal Credit Union | Postal Government Employees Federal Credit Union |
| Jul 1, 2001 | Western Credit Union | Express Credit Union |
| Jul 1, 2001 | Anemostat Employees Federal Credit Union | Net Federal Credit Union |
| Jul 1, 2001 | Valley State Bank of Oslo | Community Bank of the Red River Valley |
| Jul 1, 2001 | Spaulding Employees Credit Union | Premier Source Credit Union |
| Jul 1, 2001 | Tri-Clover Credit Union | Educators Credit Union |
| Jul 1, 2001 | Mountaintop Federal Credit Union | Cross Valley Federal Credit Union |
| Jul 1, 2001 | Tolland Pic Holding Corporation | Tolland Bank |
| Jul 1, 2001 | First State Bancorp of the Rockies | First MainStreet Financial, Ltd. |
| Jul 1, 2001 | Community Trust Financial Services Corporation | GB&T Bancshares, Inc. |
| Jul 1, 2001 | The Pennsylvania Capital Bank | Three Rivers Bank and Trust Company |
| Jul 1, 2001 | National Carbon Employees Credit Union | Harrison County Federal Credit Union |
| Jul 1, 2001 | Francor Financial, Inc. | First Merchants Corporation |
| Jul 1, 2001 | Lamar Capital Corporation | Hancock Whitney Corporation |
| Jul 1, 2001 | Drovers Bancshares Corporation | Fulton Financial Corporation |
| Jul 1, 2001 | Oak Lawn Community Church Credit Union | South Division Credit Union |
| Jul 1, 2001 | Aal Credit Union | Thrivent Trust Co. |
| Jul 1, 2001 | Mountain Bell Credit Union | Wings Credit Union |
| Jul 1, 2001 | Connecticut Irs Employees Federal Credit Union | Capitol Region 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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