Shon,
It sounds like you are trying to migrate your classic test bank to the new quizzes item bank. You will need to create a classic quiz, add all of the questions in it from the current test bank, and export the single quiz you created. This creates a qti file that you can then import into a new quizzes item bank. You will then need to go to an existing new quiz, go to manage item banks, and create a bank. Once you have a bank you can import that qti file. The new item bank will take the name of the quiz you exported.
@Susan Nugent has more information on her blog, so check it out here.
When you are creating new item banks it would be a good idea to include the course name. The item banks are tied to the person that creates them, not the course. So every item bank you create will be a part of the same list.
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