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Calendar Year

2011 in US Banking

1,213 bank events are on record for 2011: 92 failures, 547 mergers or acquisitions involving a bank, credit union or bank holding company, and 574 enforcement actions.

92
Failures
$34.92B in failed assets
547
Mergers
Federal Reserve NIC, banking organizations
574
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings

Jump to: Bank failures 2011 · Bank mergers 2011

How many banks failed in 2011?

92 banks failed in 2011, with $34.92B in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Dec 16, 2011 Western National Bank Phoenix, AZ $162.9M Washington Federal
Dec 16, 2011 Premier Community Bank of the Emerald Coast Crestview, FL $126.0M Summit Bank, N.A.
Nov 18, 2011 Central Progressive Bank Lacombe, LA $383.1M First NBC Bank
Nov 18, 2011 Polk County Bank Johnston, IA $91.6M Grinnell State Bank
Nov 10, 2011 Community Bank of Rockmart Rockmart, GA $62.4M Century Bank of Georgia
Nov 4, 2011 Sunfirst Bank Saint George, UT $198.1M Cache Valley Bank
Nov 4, 2011 Mid City Bank, Inc. Omaha, NE $106.1M Purdum State Bank
Oct 28, 2011 All American Bank Des Plaines, IL $34.8M International Bank of Chicago
Oct 21, 2011 Community Banks of Colorado Greenwood Village, CO $1.28B Bank Midwest, N.A.
Oct 21, 2011 Old Harbor Bank Clearwater, FL $209.0M 1st United Bank
Oct 21, 2011 Decatur First Bank Decatur, GA $184.8M Fidelity Bank
Oct 21, 2011 Community Capital Bank Jonesboro, GA $165.3M State Bank and Trust Company
Oct 14, 2011 Piedmont Community Bank Gray, GA $199.0M State Bank and Trust Company
Oct 14, 2011 Country Bank Aledo, IL $195.0M Blackhawk Bank & Trust
Oct 14, 2011 First State Bank Cranford, NJ $191.9M Northfield Bank
Oct 14, 2011 Blue Ridge Savings Bank, Inc. Asheville, NC $161.4M Bank of North Carolina
Oct 7, 2011 The Riverbank Wyoming, MN $419.7M Central Bank
Oct 7, 2011 Sun Security Bank Ellington, MO $351.5M Great Southern Bank
Sep 30, 2011 First International Bank Plano, TX $239.9M American First National Bank
Sep 23, 2011 Bank of the Commonwealth Norfolk, VA $985.1M Southern Bank and Trust Company
Sep 23, 2011 Citizens Bank of Northern California Nevada City, CA $288.8M Tri Counties Bank
Sep 9, 2011 The First National Bank of Florida Milton, FL $296.8M Charterbank
Sep 2, 2011 Patriot Bank of Georgia Cumming, GA $150.8M Georgia Commerce Bank
Sep 2, 2011 Creekside Bank Woodstock, GA $102.3M Georgia Commerce Bank
Aug 19, 2011 Lydian Private Bank Palm Beach, FL $1.70B Sabadell United Bank, N.A.
Aug 19, 2011 First Southern National Bank Statesboro, GA $164.6M Heritage Bank of the South
Aug 19, 2011 First Choice Bank Geneva, IL $141.0M Inland Bank & Trust
Aug 18, 2011 Public Savings Bank Huntingdon Valley, PA $46.8M Capital Bank, N.A.
Aug 12, 2011 The First National Bank of Olathe Olathe, KS $538.1M Enterprise Bank & Trust
Aug 5, 2011 Bank of Whitman Colfax, WA $548.6M Columbia State Bank
Aug 5, 2011 Bank of Shorewood Shorewood, IL $110.7M Heartland Bank and Trust Company
Jul 29, 2011 Integra Bank N.A. Evansville, IN $1.99B Old National Bank
Jul 29, 2011 Bankmeridian, N.A. Columbia, SC $232.6M SCBT N.A.
Jul 29, 2011 Virginia Business Bank Richmond, VA $83.5M Xenith Bank
Jul 22, 2011 Bank of Choice Greeley, CO $954.1M Bank Midwest, N.A.
Jul 22, 2011 Landmark Bank of Florida Sarasota, FL $266.5M American Momentum Bank
Jul 22, 2011 Southshore Community Bank Apollo Beach, FL $41.3M American Momentum Bank
Jul 15, 2011 First Peoples Bank Port Saint Lucie, FL $225.0M Premier American Bank, N.A.
Jul 15, 2011 High Trust Bank Stockbridge, GA $180.3M Ameris Bank
Jul 15, 2011 One Georgia Bank Atlanta, GA $177.7M Ameris Bank
Jul 15, 2011 Summit Bank Prescott, AZ $73.1M The Foothills Bank
Jul 8, 2011 First Chicago Bank & Trust Chicago, IL $896.9M Northbrook Bank and Trust Company
Jul 8, 2011 Colorado Capital Bank Castle Rock, CO $665.8M First-Citizens Bank & Trust Company
Jul 8, 2011 Signature Bank Windsor, CO $62.5M Points West Community Bank
Jun 24, 2011 Mountain Heritage Bank Clayton, GA $103.7M First American Bank and Trust Company
Jun 17, 2011 McIntosh State Bank Jackson, GA $339.9M Hamilton State Bank
Jun 17, 2011 First Commercial Bank of Tampa Bay Tampa, FL $98.6M Stonegate Bank
Jun 3, 2011 Atlantic Bank and Trust Charleston, SC $208.2M First Citizens Bank and Trust Company, Inc.
May 27, 2011 First Heritage Bank Snohomish, WA $173.5M Columbia State Bank
May 20, 2011 Atlantic Southern Bank Macon, GA $741.9M Certus Bank, N.A.

Which banks merged in 2011?

547 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2011.

See the fuller list: Bank mergers 2011 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Dec 31, 2011 Amarillo Delaware Bancorp, Inc. DE Amarillo National Bancorp, Inc.
Dec 31, 2011 Nebraska Bankers' Bank NE Midwest Independent Bankersbank
Dec 31, 2011 Aliant Bank AL USAmeriBank
Dec 31, 2011 The Thrift Credit Union GA Georgia's Own Credit Union
Dec 31, 2011 U.S. Bancorp Equipment Finance, Inc. OR U.S. Bank N.A.
Dec 31, 2011 Luling Delaware Financial Corporation DE Luling Bancshares, Inc.
Dec 31, 2011 Freestar Bank, National Association IL First Financial Bank, N.A.
Dec 31, 2011 State Bank of Lucan MN First Independent Bank
Dec 31, 2011 South Bergen Federal Credit Union NJ North Jersey Federal Credit Union
Dec 31, 2011 Citizens Community Credit Union IL Illinois Community Credit Union
Dec 31, 2011 Turtle Creek Federal Credit Union SD Dakotaland Federal Credit Union
Dec 30, 2011 M&I Community Development Corporation WI BMO Bank N.A.
Dec 29, 2011 MSDW Credit Products Inc. NY Morgan Stanley
Dec 21, 2011 Guadalupe Federal Credit Union CA Premierone Credit Union
Dec 20, 2011 Spring Hill (Delaware), Inc. DE Spring Hill Holdings Corporation
Dec 17, 2011 Hedrick Savings Bank IA South Ottumwa Savings Bank
Dec 17, 2011 CenterBank of Jacksonville, National Association FL FirstAtlantic Bank
Dec 16, 2011 Bemis Federal Credit Union WA Lighthouse Community Credit Union
Dec 16, 2011 Diboll State Bancshares of Delaware, Inc. DE Diboll State Bancshares, Inc.
Dec 15, 2011 Nero Limited, LLC MN Wells Fargo & Company
Dec 14, 2011 Madco Postal Federal Credit Union IL 1st Midamerica Credit Union
Dec 10, 2011 Heritage First Bank AL Townbridge Bank
Dec 10, 2011 Farmers State Bank of Fulton County IL Prairie State Bank & Trust
Dec 9, 2011 Baltimore Pipe Trades Federal Credit Union MD Point Breeze Credit Union
Dec 7, 2011 Boise Valley Credit Union ID Esa Credit Union
Dec 5, 2011 Southern Bank & Trust SC Georgia Bank & Trust Company of Augusta
Dec 3, 2011 First National Bank of Ivesdale IL State Bank of Bement
Dec 1, 2011 News & Observer Credit Union NC Summit Credit Union
Dec 1, 2011 Edwards Development Corporation MO Wells Fargo & Company
Dec 1, 2011 Center Financial Corporation CA Hope Bancorp, Inc.
Dec 1, 2011 Nara Bank CA Bank of Hope
Dec 1, 2011 CapitalBank SC Park Sterling Bank
Dec 1, 2011 Claver Federal Credit Union LA Tulane/Loyola Federal Credit Union
Dec 1, 2011 First Louisiana National Bank LA Midsouth Bank, N.A.
Dec 1, 2011 Delta County Teachers Credit Union MI U.P. State Credit Union
Dec 1, 2011 Metroplex Credit Union TX Resource One Credit Union
Dec 1, 2011 Fitchburg Federal Credit Union MA Webster First Federal Credit Union
Dec 1, 2011 Hamilton County School Employees Credit Union, Inc. OH Kemba Credit Union, Inc.
Dec 1, 2011 People's Credit Union of Abilene TX Abilene Teachers Federal Credit Union
Dec 1, 2011 San Jacinto Area Credit Union TX Texas Dow Employees Credit Union
Dec 1, 2011 Bluestone Federal Credit Union MN Associated Healthcare Credit Union
Dec 1, 2011 Paragon Federal Credit Union NJ Visions Federal Credit Union
Dec 1, 2011 Dyersburg Credit Union TN First South Financial Federal Credit Union
Dec 1, 2011 United Maryland Employees Federal Credit Union MD Destinations Credit Union
Dec 1, 2011 Target Corporation Credit Union MN Baxter Credit Union
Dec 1, 2011 N P T Employees Federal Credit Union OR Portland Local No. 8 Federal Credit Union
Dec 1, 2011 Florida Episcopal Dioceses Federal Credit Union FL Insight Credit Union
Nov 30, 2011 Bridge Street Awme Church Federal Credit Union NY Brooklyn Cooperative Federal Credit Union
Nov 30, 2011 Viking Financial Services Corporation WA Starbuck Bancshares, Inc.
Nov 30, 2011 Viking Bank WA AmericanWest Bank

The list holds 500 of the 547 mergers recorded for 2011.

Enforcement Actions in 2011

Action date Agency Institution Action
Dec 21, 2011 OCC HSBC Bank USA, N.A. Prohibition/Removal Orders: Dunn, Gideon
Dec 21, 2011 OCC The First National Bank of Valentine Prohibition/Removal Orders: Medlock, Joanne
Dec 21, 2011 OCC Bank of America, N.A. Prohibition/Removal Orders: Wagenknecht, Pamela K.
Dec 21, 2011 OCC The First National Bank of Valentine Civil Money Penalty (CMP): Medlock, Joanne
Dec 21, 2011
Released Aug 1, 2017		 FRB First St. Charles Bancshares, Inc. Written Agreement: First St. Charles Bancshares, Inc., Boutte, Louisiana
Dec 20, 2011 OCC Charter National Bank and Trust Prompt Corrective Action (PCA) Directive: Charter National Bank and Trust
Dec 19, 2011 OCC Lincoln Federal Savings Bank of Nebraska Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Lincoln FSB of Nebraska
Dec 16, 2011 OCC Home Savings of America Prompt Corrective Action (PCA) Directive: Home Savings of America
Dec 15, 2011 OCC Edgewater Bank Prohibition/Removal Orders: Joslyn, Teresa L.
Dec 15, 2011
Released Dec 22, 2011		 FRB The State Bank and Trust Company Civil Money Penalty, $9,340: State Bank and Trust Company, Defiance, Ohio
Dec 14, 2011 OCC Valley Capital Bank, N.A. Prohibition/Removal Orders: Ortwine, Frank D.
Dec 14, 2011 OCC Valley Capital Bank, N.A. C&D or PC&D Requiring Restitution: Ortwine, Frank D.
Dec 13, 2011
Released Dec 22, 2011		 FRB Xenith Bank Civil Money Penalty, $33,600: Bank of Hampton Roads, Norfolk, Virginia, successor by merger with …
Dec 9, 2011
Released Dec 12, 2011		 FRB (individual) Prohibition from Banking: Tyrone Green,
Dec 8, 2011
Released Dec 13, 2011		 FRB Alliance Financial Services, Inc. Written Agreement: Alliance Financial Services, Inc., Saint Paul, Minnesota
Dec 8, 2011 OCC Wells Fargo Bank, N.A. Formal Agreement: Wells Fargo Bank, National Association
Dec 8, 2011 OCC Wells Fargo Bank, N.A. Civil Money Penalty (CMP): Wells Fargo Bank, National Association
Dec 8, 2011 OCC The Park National Bank Civil Money Penalty (CMP): The Park National Bank
Dec 6, 2011 FRB (individual) Section 19 Letters: Julie Phillips
Dec 2, 2011
Released Dec 6, 2011		 FRB Waccamaw Bank Prompt Corrective Action: Waccamaw Bank, Whiteville, North Carolina
Nov 28, 2011 OCC The First National Bank of Grant Park Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Grant …
Nov 22, 2011 OCC Community State Bank, National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Community State Bank, National Association
Nov 21, 2011
Released Nov 29, 2011		 FRB First State Bank of Dequeen Civil Money Penalty, $4,235: First State Bank of DeQueen, DeQueen, Arkansas
Nov 18, 2011 OCC Dupage National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Dupage National Bank
Nov 17, 2011
Released Dec 13, 2011		 FRB Patriot Holdings Nevada, Inc. Written Agreement: Patriot Bancshares, Inc., Houston, Texas, and Patriot Holdings Nevada, Inc., Reno, Nevada
Nov 16, 2011 OCC First Federal Savings and Loan Association of McMinnville Formal Agreement: First FS & LA of McMinnville
Nov 16, 2011 FRB (individual) Prohibition from Banking: Bryan Posey
Nov 16, 2011 FRB (individual) Civil Money Penalty, $35,000: Bryan Posey
Nov 16, 2011
Released Nov 22, 2011		 FRB Mountain National Bancshares, Inc. Written Agreement: Mountain National Bancshares, Inc., Sevierville, Tennessee
Nov 16, 2011
Released Nov 22, 2011		 FRB Tennessee Commerce Bancorp, Inc. Written Agreement: Tennessee Commerce Bancorp, Inc., Franklin, Tennessee
Nov 14, 2011 OCC First Federal Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Federal Bank
Nov 14, 2011 OCC Independence Bancshares, Inc. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Independence National Bank
Nov 10, 2011 OCC Trustmark National Bank Prohibition/Removal Orders: Walker, William O.
Nov 10, 2011 OCC The First National Bank of Valentine Prohibition/Removal Orders: Shephard, Donald
Nov 7, 2011
Released Nov 10, 2011		 FRB Orion Bank Prohibition from Banking: Thomas B. Hebble
Nov 7, 2011
Released Nov 10, 2011		 FRB Orion Bank Prohibition from Banking: Angel P. Guerzon, Jr.
Oct 31, 2011
Released Aug 14, 2018		 FRB Capital Funding Bancorp, Inc. Cease and Desist Order: Capital Funding Bancorp, Inc. and CFG Community Bank, both of …
Oct 27, 2011 OCC National Bank of California Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): National Bank of California
Oct 27, 2011 OCC Mountain National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Mountain National Bank
Oct 27, 2011
Released Nov 1, 2011		 FRB Princeton National Bancorp, Inc. Written Agreement: Princeton National Bancorp, Inc., Princeton, Illinois
Oct 26, 2011 OCC First Niagara Bank, N.A. Civil Money Penalty (CMP): First Niagara Bank, National Association
Oct 26, 2011 OCC Wawel Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wawel Bank
Oct 26, 2011 OCC Gateway Bank, F.S.B. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Gateway Bank, F.S.B.
Oct 25, 2011 OCC Enterprise Bank National Association Civil Money Penalty (CMP): Enterprise Bank, National Association
Oct 25, 2011 OCC Grand Bancorp, Inc. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Grand Bank, National Association
Oct 25, 2011
Released Oct 27, 2011		 FRB Liberty Bancorp Written Agreement: Liberty Bancorp and Liberty Bank, both of South San Francisco, California
Oct 21, 2011
Released Oct 27, 2011		 FRB Parkway Bancorp, Inc. Written Agreement: Parkway Bancorp, Inc., Harwood Heights, Illinois
Oct 21, 2011
Released Oct 27, 2011		 FRB Fox River Valley Bancorp, Inc. Written Agreement: Fox River Valley Bancorp, Inc., Appleton, Wisconsin
Oct 20, 2011 OCC Heritage First Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Heritage First Bank
Oct 20, 2011 OCC Universal Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Universal Bank

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