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.
| Months | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank Failures | 0 | 1 | 0 | 0 | 1 | 0 | 1 | 0 | 1 | 0 | 0 | 0 |
| 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 (PR) |
Closing Date | Approx. Asset (Millions) |
Approx. Deposit (Millions) |
Acquirer & Transaction |
|---|---|---|---|---|---|
| September | |||||
| 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**) |
| July | |||||
| 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*) |
| May | |||||
| 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**) |
| February | |||||
| 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