Failed Bank List

4 failures · $1.8 billion in assets

Bank failures in 2001

Four insured banks failed in 2001, down from 7 in 2000. Together they reported $1.8 billion in assets, and the FDIC's estimated loss on them is $292 million. The largest was Superior Bank, FSB of Hinsdale, Illinois, at $1.8 billion.

Week by week

  • $1 billion or more
  • $100 million to $1 billion
  • under $100 million
Bank failures in 2001 by week of closingFirst Alliance Bank & Trust Co., 2001-02-02Malta National Bank, 2001-05-03Superior Bank, FSB, 2001-07-27Sinclair National Bank, 2001-09-07JanFebMarAprMayJunJulAugSepOctNovDec
One square per failed bank, stacked in the week it closed. The median estimated loss was 11% of a failed bank's assets.

Where they failed

Failures by state in 2001: New Hampshire 1, Ohio 1, Illinois 1, Arkansas 1.

Explore

Filter and sort the 2001 failures by state, size or loss. Other years: 2000 · 2002.

All 4 failures in 2001, in closing order
ClosedBankLocationAcquired byTotal assetsEst. loss
February 2, 2001First Alliance Bank & Trust Co.Manchester, NHSouthern New Hampshire Bank & Trust$17.4 million$817 thousand
May 3, 2001Malta National BankMalta, OHNorth Valley Bank$9.1 million$769 thousand
July 27, 2001Superior Bank, FSBHinsdale, ILSuperior Federal, FSB$1.8 billion$287 million
September 7, 2001Sinclair National BankGravette, ARDelta Trust & Bank$29.8 million$4.2 million