Bank Failures in Brief – 2001
There were 4 bank failures in 2001. See detailed descriptions below.
Please select the buttons below for other years' information.
|Total Assets (Millions)||0||18.4||0||0||9.5||0||2,300.0||0||30.7||0||0||0|
|Bank Name, City, ST||Press Release
|Closing Date||Approx. Asset
|Acquirer & Transaction|
|Sinclair National Bank, Gravette, AR||PR-063-2001||September 7, 2001||$30.7||$25.7||Delta Trust and Bank, Parkdale, AR agreed to assume all insured deposits. (BIF**)|
|Superior Bank, FSB, Hinsdale, IL||PR-052-2001||July 27, 2001||$2,300.0||$1,600.0||The Federal Deposit Insurance Corporation today transferred the insured deposits and substantially all the assets of Superior Bank, FSB, Hinsdale, IL, to Superior Federal, FSB (New Superior), a newly chartered, full-service mutual savings bank. The bank was closed earlier today by the Office of Thrift Supervision, and the FDIC was named conservator. (SAIF*)|
|The Malta National Bank, Malta, OH||PR-032-2001||May 3, 2001||$9.5||$8.8||North Valley Bank, Zanesville, OH agreed to assume all deposits. (BIF**)|
|First Alliance Bank & Trust Company, Manchester, NH||PR-011-2001||February 2, 2001||$18.4||$17.5||Southern New Hampshire Bank and Trust Company, Salem, NH agreed to assume all deposits.|
*SAIF = Savings Association Insurance Fund **BIF = Bank Insurance Fund