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 | Assets |
|---|---|---|
| May 20, 2011 | First Georgia Banking Company | $731.0M |
| May 20, 2011 | Summit Bank | $142.7M |
| May 6, 2011 | Coastal Bank | $129.4M |
| Apr 29, 2011 | The Park Avenue Bank | $849.4M |
| Apr 29, 2011 | Community Central Bank | $451.7M |
| Apr 29, 2011 | First National Bank of Central Florida | $342.1M |
| Apr 29, 2011 | First Choice Community Bank | $291.2M |
| Apr 29, 2011 | Cortez Community Bank | $66.3M |
| Apr 15, 2011 | Superior Bank | $2.98B |
| Apr 15, 2011 | Nexity Bank | $757.6M |
| Apr 15, 2011 | Bartow County Bank | $314.0M |
| Apr 15, 2011 | Heritage Banking Group | $228.3M |
| Apr 15, 2011 | New Horizons Bank | $103.1M |
| Apr 15, 2011 | Rosemount National Bank | $21.5M |
| Apr 8, 2011 | Western Springs National Bank and Trust | $186.7M |
| Apr 8, 2011 | Nevada Commerce Bank | $135.1M |
| Mar 25, 2011 | The Bank of Commerce | $163.1M |
| Mar 11, 2011 | Legacy Bank | $190.4M |
| Mar 11, 2011 | The First National Bank of Davis | $90.2M |
| Feb 25, 2011 | Valley Community Bank | $123.8M |
| Feb 18, 2011 | Habersham Bank | $387.7M |
| Feb 18, 2011 | San Luis Trust Bank, FSB | $332.6M |
| Feb 18, 2011 | Citizens Bank of Effingham | $214.3M |
| Feb 18, 2011 | Charter Oak Bank | $120.8M |
| Feb 11, 2011 | Peoples State Bank | $390.5M |
| Feb 11, 2011 | Canyon National Bank | $210.9M |
| Feb 11, 2011 | Sunshine State Community Bank | $125.5M |
| Feb 11, 2011 | Badger State Bank | $83.8M |
| Feb 4, 2011 | American Trust Bank | $238.2M |
| Feb 4, 2011 | North Georgia Bank | $153.2M |
| Feb 4, 2011 | Community First Bank - Chicago | $51.1M |
| Jan 28, 2011 | First Community Bank | $2.19B |
| Jan 28, 2011 | Firstier Bank | $764.1M |
| Jan 28, 2011 | Evergreen State Bank | $240.9M |
| Jan 28, 2011 | The First State Bank | $44.5M |
| Jan 21, 2011 | United Western Bank | $2.15B |
| Jan 21, 2011 | Communitysouth Bank and Trust | $341.0M |
| Jan 21, 2011 | The Bank of Asheville | $204.9M |
| Jan 21, 2011 | Enterprise Banking Company | $99.5M |
| Jan 14, 2011 | Oglethorpe Bank | $211.1M |
| Jan 7, 2011 | First Commercial Bank of Florida | $578.6M |
| Jan 7, 2011 | Legacy Bank | $136.4M |
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 | Acquirer |
|---|---|---|
| Aug 20, 2011 | Inez Deposit Bank, FSB | Inez Deposit Bank |
| Aug 20, 2011 | Queen City Federal Savings Bank | Frandsen Bank & Trust |
| Aug 19, 2011 | First Baird Bancshares of Delaware, Inc. | First Baird Bancshares, Inc. |
| Aug 13, 2011 | First National Bank | Bear State Bank |
| Aug 6, 2011 | First Western Bank & Trust | First Western Bank and Trust |
| Aug 6, 2011 | The Herndon National Bank | LINKBANK |
| Aug 1, 2011 | Greater Bay Bancorp | Wells Fargo & Company |
| Aug 1, 2011 | First Financial Investments of Delaware, Inc. | First Financial Bankshares, Inc. |
| Aug 1, 2011 | Placer Sierra Bancshares | Wells Fargo & Company |
| Aug 1, 2011 | Select Bank | Ocean City Home Bank |
| Aug 1, 2011 | Community FirstBank of Charleston | CresCom Bank |
| Aug 1, 2011 | Century Bancshares, Inc. | Wells Fargo & Company |
| Aug 1, 2011 | The Farmers State Bank of Highland, Kansas | Bendena State Bank |
| Aug 1, 2011 | F.M.C. Employees Federal Credit Union | Brightview Federal Credit Union |
| Aug 1, 2011 | HF Employees Federal Credit Union | Members Credit Union |
| Aug 1, 2011 | Hacp/Ura Federal Credit Union | Greater Pittsburgh Police Federal Credit Union |
| Aug 1, 2011 | Salem Federal Credit Union | Freedom Credit Union |
| Aug 1, 2011 | Woods Credit Union | Credit Union One of Oklahoma |
| Aug 1, 2011 | Verno Credit Union | Community Choice Credit Union |
| Aug 1, 2011 | C a I Employees Credit Union | Alero Financial Credit Union |
| Aug 1, 2011 | Midwest Partners Federal Credit Union | Voyage Federal Credit Union |
| Jul 31, 2011 | School District 130 Employees Federal Credit Union | Vicinity Credit Union |
| Jul 31, 2011 | Goodyear Federal Credit Union | Interstate Federal Credit Union |
| Jul 30, 2011 | 1st Choice Federal Credit Union | The Police Credit Union of California |
| Jul 30, 2011 | Bank of Parsons | First Neodesha Bank |
| Jul 30, 2011 | First National Bank of the North | Northview Bank |
| Jul 29, 2011 | Jefferson Bank | First Bank & Trust |
| Jul 29, 2011 | Bank of the Northwest | AmericanWest Bank |
| Jul 29, 2011 | Sunrise Bank | AmericanWest Bank |
| Jul 29, 2011 | Steinerfilm Employees Federal Credit Union | Greylock Federal Credit Union |
| Jul 28, 2011 | Salt Lake Regional Medical Center Employee's Federal Credit Union | Health Care Credit Union |
| Jul 28, 2011 | Sterling Bancshares, Inc. | Comerica Incorporated |
| Jul 28, 2011 | Sterling Bank | Comerica Bank |
| Jul 23, 2011 | The Exchange Bank of South Carolina, Inc. | First Citizens Bank and Trust Company, Inc. |
| Jul 22, 2011 | Baytree Lending Company Inc. | Baytree National Bank & Trust Company |
| Jul 21, 2011 | Capwest Mortgage Corporation | Farmers Bank & Trust |
| Jul 21, 2011 | Legacy Banks | Berkshire Bank |
| Jul 21, 2011 | Legacy Bancorp, Inc. | Beacon Financial Corporation |
| Jul 20, 2011 | Home State Mortgage Group, Inc. | Home State BANK/N.A. |
| Jul 16, 2011 | Citizens Bank of Spencer, Tenn. | Citizens Tri-County Bank |
| Jul 16, 2011 | Guaranty Savings Bank | Home Bank, N.A. |
| Jul 16, 2011 | Cornerstone Bank & Trust, National Association | CNB Bank and Trust, N.A. |
| Jul 16, 2011 | Citizens State Bank of Shipman | CNB Bank and Trust, N.A. |
| Jul 16, 2011 | Security State Bank | Fidelity Bank & Trust |
| Jul 16, 2011 | Palmer Bank | CNB Bank and Trust, N.A. |
| Jul 16, 2011 | Cascade State Corp. | Fidelity Company |
| Jul 15, 2011 | Morgan Stanley Trust N.A. | Morgan Stanley Private Bank, N.A. |
| Jul 15, 2011 | First Union Financial Investments, LLC | Wells Fargo Bank, N.A. |
| Jul 15, 2011 | Wes Holding Corporation | Wells Fargo Bank, N.A. |
| Jul 12, 2011 | FBC Financial Corporation | BancFirst Corporation |
The list holds 500 of the 547 mergers recorded for 2011.
Enforcement Actions in 2011
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Feb 22, 2011 | OCC | Home Federal Savings Bank | Formal Agreement: Home Federal Savings Bank |
| Feb 22, 2011 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Moore, Matthew |
| Feb 22, 2011 | OCC_OTS | Home Federal Savings Bank | Supervisory Agreement: Home Federal Savings Bank |
| Feb 18, 2011 | OCC_OTS | 1st Commonwealth Bank of Virginia | Civil Money Penalty: Donald E. Ziegler |
| Feb 18, 2011 | OCC_OTS | 1st Commonwealth Bank of Virginia | Civil Money Penalty: Gregory A. Murray |
| Feb 18, 2011 | OCC_OTS | 1st Commonwealth Bank of Virginia | Civil Money Penalty: Gregory U. Evans |
| Feb 18, 2011 | OCC_OTS | 1st Commonwealth Bank of Virginia | Civil Money Penalty: Joseph M. Sullivan |
| Feb 18, 2011 | OCC_OTS | 1st Commonwealth Bank of Virginia | Civil Money Penalty: Lynn B. Fuechsel |
| Feb 18, 2011 | OCC | National Bank of Earlville | Formal Agreement: National Bank of Earlville |
| Feb 18, 2011 | OCC_OTS | 1st Commonwealth Bank of Virginia | Civil Money Penalty: Sidney G. Simmonds |
| Feb 18, 2011 | OCC_OTS | 1st Commonwealth Bank of Virginia | Civil Money Penalty: Sung Bin Im |
| Feb 18, 2011 | OCC_OTS | 1st Commonwealth Bank of Virginia | Civil Money Penalty: William B. Lawson, Jr. |
| Feb 18, 2011 Released Mar 1, 2011 | FRB | Bridgeview Bancorp, Inc. | Written Agreement: Bridgeview Bancorp, Inc., Bridgeview, Illinois |
| Feb 18, 2011 | OCC_OTS | Flagstar Bancorp, Inc. | Civil Money Penalty: Flagstar Bank, FSB |
| Feb 18, 2011 | OCC_OTS | 1st Commonwealth Bank of Virginia | Civil Money Penalty: David K. Chow |
| Feb 18, 2011 | OCC_OTS | 1st Commonwealth Bank of Virginia | Civil Money Penalty: Ernest L. Tressler |
| Feb 17, 2011 | OCC_OTS | First Carolina Bancshares Corporation | Supervisory Agreement: First Carolina Bancshares, MHC |
| Feb 17, 2011 | OCC_OTS | Community Federal Savings Bank | Cease and Desist: Community Federal Savings Bank |
| Feb 17, 2011 | OCC_OTS | Community Federal Savings Bank | Cease and Desist: Community FSB Holding Company |
| Feb 17, 2011 | OCC | Community Federal Savings Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Community Federal Savings Bank |
| Feb 17, 2011 | OCC | The First National Bank of Southern Kansas | Formal Agreement: The First National Bank of Southern Kansas |
| Feb 17, 2011 | OCC | The Kishacoquillas Valley National Bank of Belleville | Formal Agreement: The Kishacoquillas Valley National Bank of Belleville |
| Feb 17, 2011 | OCC | BLC Bank N.A. | Prohibition/Removal Orders: Braas, Joseph |
| Feb 17, 2011 | OCC | BLC Bank N.A. | Prohibition/Removal Orders: Schlager, Michael |
| Feb 17, 2011 | OCC | BLC Bank N.A. | Prohibition/Removal Orders: Stankiewicz, Mary |
| Feb 17, 2011 Released Feb 22, 2011 | FRB | Marquette Financial Companies | Written Agreement: Marquette Financial Companies, Minneapolis, Minnesota |
| Feb 17, 2011 Released Feb 22, 2011 | FRB | Eastern Virginia Bankshares, Inc. | Written Agreement: Eastern Virginia Bankshares, Inc. and EVB, both of Tappahannock, Virginia |
| Feb 17, 2011 Released Mar 10, 2022 | FRB | (individual) | Cease and Desist Order: Community FSB Holding Company |
| Feb 17, 2011 Released Feb 22, 2011 | FRB | National Bancorp, Inc. | Written Agreement: National Bancorp, Inc., Schaumburg, Illinois |
| Feb 17, 2011 | OCC_OTS | Eastern Savings Bank Federal Savings Bank | Cease and Desist: Jonathan I. Feldman |
| Feb 17, 2011 | OCC_OTS | Eastern Savings Bank Federal Savings Bank | Civil Money Penalty: Jonathan I. Feldman |
| Feb 17, 2011 | OCC_OTS | Wilmington Trust, National Association | Supervisory Agreement: Wilmington Trust FSB |
| Feb 16, 2011 | OCC | Abacus Federal Savings Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Abacus Federal Savings Bank |
| Feb 16, 2011 | OCC | Neighborhood National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Neighborhood National Bank |
| Feb 16, 2011 Released Feb 22, 2011 | FRB | American Bancorporation of Minnesota, Inc. | Written Agreement: American Bancorporation of Minnesota, Inc., Baxter, Minnesota |
| Feb 16, 2011 | OCC_OTS | Abacus Federal Savings Bank | Cease and Desist: Abacus Federal Savings Bank |
| Feb 15, 2011 | OCC_OTS | Allied Houston Bank | Amended Orders to Cease and Desist: Chicago Title Insurance Company |
| Feb 15, 2011 | OCC | First National Bank and Trust | Formal Agreement: First National Bank and Trust |
| Feb 14, 2011 Released Feb 17, 2011 | FRB | Westside Banking Company | Written Agreement: Westside Banking Company, University Place, Washington |
| Feb 10, 2011 | FRB | CoBiz Bank | Section 19 Letters: Gregory P. Burns |
| Feb 10, 2011 | OCC | Zions Bancorporation, N.A. | Civil Money Penalty (CMP): Zions First National Bank |
| Feb 10, 2011 Released Feb 15, 2011 | FRB | Market Bancorporation, Inc. | Written Agreement: Market Bancorporation, Inc., Elk New Market, Minnesota |
| Feb 9, 2011 | OCC | Coast National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Coast National Bank |
| Feb 9, 2011 Released Feb 15, 2011 | FRB | Bank of Whitman | Prompt Corrective Action: Bank of Whitman, Colfax, Washington |
| Feb 9, 2011 Released Feb 15, 2011 | FRB | Idaho Banking Company | Prompt Corrective Action: Idaho Banking Company, Boise, Idaho |
| Feb 9, 2011 | OCC_OTS | (individual) | Prompt Corrective Action: San Luis Trust Bank, FSB |
| Feb 8, 2011 | OCC_OTS | Seneca Falls Savings Bank | Civil Money Penalty: Seneca Falls Savings Bank |
| Feb 8, 2011 Released Feb 15, 2011 | FRB | (individual) | Civil Money Penalty, $37,500: MYANNS Corporation, Piqua, Kansas |
| Feb 8, 2011 Released Feb 15, 2011 | FRB | (individual) | Civil Money Penalty, $7,500: G. Larry Curry |
| Feb 8, 2011 Released Feb 10, 2011 | FRB | Community Banks of Colorado | Prompt Corrective Action: Community Banks of Colorado, Greenwood Village, Colorado |
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