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Bank Failures

2001 in Brief

There were 4 bank failures in 2001. See detailed descriptions below.

For more bank failure information on a specific year, select a date from the drop down menu to the right or select a month within the graph.

2001 Summary by Month

(Approximate asset dollar volume based on figures from the press releases)

Months	Sep	Jul	May	Feb
Bank Failures	1	1	1	1
Approx. Asset (Millions)	30.70	2300.00	9.50	18.40

September Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Sinclair National Bank, Gravette, AR	PR-63-2001	September 7, 2001	$30.7	$25.7	Delta Trust and Bank, Parkdale, AR agreed to assume all insured deposits. (BIF)

July Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Superior Bank, FSB, Hinsdale, IL	PR-52-2001	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 Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Malta National Bank, Malta, OH	PR-32-2001	May 3, 2001	$9.5	$8.8	North Valley Bank, Zanesville, OH agreed to assume all deposits. (BIF)

February Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
First Alliance Bank & Trust Co., Manchester, NH	PR-11-2001	February 2, 2001	$18.4	$17.5	Southern New Hampshire Bank and Trust Company, Salem, NH agreed to assume all deposits.