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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
May 20, 2011 First Georgia Banking Company Franklin, GA $731.0M Certus Bank, N.A.
May 20, 2011 Summit Bank Burlington, WA $142.7M Columbia State Bank
May 6, 2011 Coastal Bank Cocoa Beach, FL $129.4M Premier American Bank, N.A.
Apr 29, 2011 The Park Avenue Bank Valdosta, GA $849.4M Bank of the Ozarks
Apr 29, 2011 Community Central Bank Mount Clemens, MI $451.7M Talmer Bank and Trust
Apr 29, 2011 First National Bank of Central Florida Winter Park, FL $342.1M Premier American Bank, N.A.
Apr 29, 2011 First Choice Community Bank Dallas, GA $291.2M Bank of the Ozarks
Apr 29, 2011 Cortez Community Bank Brooksville, FL $66.3M Premier American Bank, N.A.
Apr 15, 2011 Superior Bank Birmingham, AL $2.98B Superior Bank, N.A.
Apr 15, 2011 Nexity Bank Birmingham, AL $757.6M Alostar Bank of Commerce
Apr 15, 2011 Bartow County Bank Cartersville, GA $314.0M Hamilton State Bank
Apr 15, 2011 Heritage Banking Group Carthage, MS $228.3M Trustmark National Bank
Apr 15, 2011 New Horizons Bank East Ellijay, GA $103.1M Citizens South Bank
Apr 15, 2011 Rosemount National Bank Rosemount, MN $21.5M Central Bank
Apr 8, 2011 Western Springs National Bank and Trust Western Springs, IL $186.7M Heartland Bank and Trust Company
Apr 8, 2011 Nevada Commerce Bank Las Vegas, NV $135.1M City National Bank
Mar 25, 2011 The Bank of Commerce Wood Dale, IL $163.1M Advantage National Bank
Mar 11, 2011 Legacy Bank Milwaukee, WI $190.4M Seaway Bank and Trust Company
Mar 11, 2011 The First National Bank of Davis Davis, OK $90.2M The Pauls Valley Natiional Bank
Feb 25, 2011 Valley Community Bank St. Charles, IL $123.8M First State Bank
Feb 18, 2011 Habersham Bank Clarkesville, GA $387.7M SCBT N.A.
Feb 18, 2011 San Luis Trust Bank, FSB San Luis Obispo, CA $332.6M First California Bank
Feb 18, 2011 Citizens Bank of Effingham Springfield, GA $214.3M Heritage Bank of the South
Feb 18, 2011 Charter Oak Bank Napa, CA $120.8M Bank of Marin
Feb 11, 2011 Peoples State Bank Hamtramck, MI $390.5M First Michigan Bank
Feb 11, 2011 Canyon National Bank Palm Springs, CA $210.9M Pacific Premier Bank
Feb 11, 2011 Sunshine State Community Bank Port Orange, FL $125.5M Premier American Bank, N.A.
Feb 11, 2011 Badger State Bank Cassville, WI $83.8M Royal Bank
Feb 4, 2011 American Trust Bank Roswell, GA $238.2M Renasant Bank
Feb 4, 2011 North Georgia Bank Watkinsville, GA $153.2M Banksouth
Feb 4, 2011 Community First Bank - Chicago Chicago, IL $51.1M Northbrook Bank and Trust Company
Jan 28, 2011 First Community Bank Taos, NM $2.19B U.S. Bank, N.A.
Jan 28, 2011 Firstier Bank Louisville, CO $764.1M —
Jan 28, 2011 Evergreen State Bank Stoughton, WI $240.9M McFarland State Bank
Jan 28, 2011 The First State Bank Camargo, OK $44.5M Bank 7
Jan 21, 2011 United Western Bank Denver, CO $2.15B First-Citizens Bank and Trust Company
Jan 21, 2011 Communitysouth Bank and Trust Easley, SC $341.0M Certus Bank, N.A.
Jan 21, 2011 The Bank of Asheville Asheville, NC $204.9M First Bank
Jan 21, 2011 Enterprise Banking Company McDonough, GA $99.5M —
Jan 14, 2011 Oglethorpe Bank Brunswick, GA $211.1M Bank of the Ozarks
Jan 7, 2011 First Commercial Bank of Florida Orlando, FL $578.6M First Southern Bank
Jan 7, 2011 Legacy Bank Scottsdale, AZ $136.4M Enterprise Bank & Trust

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
Oct 25, 2011 Austin Delaware Financial Corporation DE Austin Colony, Inc.
Oct 25, 2011 Dalhart Delaware Financial Corporation DE First Dalhart Bancshares, Inc.
Oct 24, 2011 F & M Bank, National Association, Oklahoma City, Oklahoma OK F&M Bank
Oct 22, 2011 Skylands Community Bank NJ Fulton Bank of New Jersey
Oct 22, 2011 Santa Lucia Bank CA Mission Community Bank
Oct 21, 2011 The Okemah National Bank OK BancFirst
Oct 19, 2011 Global Trust Bank CA United Business Bank
Oct 15, 2011 Security State Bank of Howard Lake MN Citizens Alliance Bank
Oct 15, 2011 Charter Bank NM WaFd Bank
Oct 15, 2011 Allegiance Community Bank NJ BCB Community Bank
Oct 14, 2011 Custodial Trust Company NJ JPMorgan Chase Bank, N.A.
Oct 13, 2011 Fullerton Federal Savings Association MD Fairmount Bank
Oct 8, 2011 Security State Bank ND Starion Bank
Oct 6, 2011 Northstar Delaware Financial Corporation DE Northstar Financial Corporation
Oct 6, 2011 First State Bank NE Cornerstone Bank
Oct 3, 2011 Signet Student Loan Corporation VA Wells Fargo & Company
Oct 3, 2011 Methode Federal Credit Union IL Encurage Financial Network
Oct 3, 2011 Greensburg Community Federal Credit Union PA Pheple Federal Credit Union
Oct 1, 2011 Michigan Service Credit Union MI American 1 Credit Union
Oct 1, 2011 Abington Bancorp, Inc PA Susquehanna Bancshares, Inc.
Oct 1, 2011 South Louisiana Business Bank LA Investar Bank, N.A.
Oct 1, 2011 FirstBank - St. Johns MI FirstBank - Alma
Oct 1, 2011 JD Financial Group, Inc. IL American Bancorp of Illinois, Inc.
Oct 1, 2011 Doral Bank, FSB NY Doral Bank
Oct 1, 2011 Northern Trust Bank, Federal Savings Bank MI The Northern Trust Company
Oct 1, 2011 Palmetto Capital, Inc. SC The Palmetto Bank
Oct 1, 2011 J.P. Morgan Investor Services Co. MA JPMorgan Chase Bank, N.A.
Oct 1, 2011 Kingsbury Bank Holding Company SD Leackco Bank Holding Company, Inc.
Oct 1, 2011 Arsebeco, Inc. NE Frontier Holdings, LLC
Oct 1, 2011 D & H Investments Corp. IA SSB Bancorp, Inc.
Oct 1, 2011 Chase Auto Finance Corp. NY JPMorgan Chase Bank, N.A.
Oct 1, 2011 Saint Nicholas Credit Union WI Kohler Credit Union
Oct 1, 2011 Minnesota Valley Credit Union MN Heartland Credit Union
Oct 1, 2011 North Jefferson County Catholic Credit Union MO Members 1st Credit Union
Oct 1, 2011 Eddy Employees Federal Credit Union MI Arbor Financial Credit Union
Oct 1, 2011 Nicolet Credit Union WI Ripco Credit Union
Oct 1, 2011 Pennsylvania Grange Federal Credit Union PA Service 1st Federal Credit Union
Oct 1, 2011 Interlakes Federal Credit Union SD Dakotaland Federal Credit Union
Oct 1, 2011 Stewart Credit Union TX Chevron Federal Credit Union
Oct 1, 2011 People's Priority Federal Credit Union NY Financial Trust Federal Credit Union
Oct 1, 2011 Valley Bank & Trust IA State Savings Bank
Oct 1, 2011 Saint Patrick Carleton Federal Credit Union MI Monroe Community Credit Union
Oct 1, 2011 Peninsula Methodist Federal Credit Union DE Dover Federal Credit Union
Oct 1, 2011 Tree Capital Credit Union FL Champions First Credit Union
Oct 1, 2011 Texas First Choice Federal Credit Union TX Prestige Community Credit Union
Oct 1, 2011 Northern Trust, National Association FL The Northern Trust Company
Oct 1, 2011 Federated Family Credit Union WI Great Lakes Credit Union
Oct 1, 2011 Peoples State Bank SD American Bank & Trust
Oct 1, 2011 Heart of the Lakes Credit Union MN Magnifi Financial Credit Union
Oct 1, 2011 Abington Savings Bank PA Susquehanna Bank

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

Enforcement Actions in 2011

Action date Agency Institution Action
Feb 8, 2011 OCC First National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank
Feb 8, 2011 OCC_OTS Pamrapo Bancorp, Inc. Orders of Removal/Prohibition: Danuta Grace Krukowski
Feb 8, 2011 OCC_OTS Pamrapo Bancorp, Inc. Orders of Removal/Prohibition: Judith McAuliffe
Feb 8, 2011 OCC_OTS Pamrapo Bancorp, Inc. Civil Money Penalty: Judith McAuliffe
Feb 8, 2011 OCC_OTS Pamrapo Bancorp, Inc. Civil Money Penalty: Danuta Grace Krukowski
Feb 7, 2011 OCC_OTS (individual) Civil Money Penalty: M & I Bank Federal Savings Bank
Feb 7, 2011 OCC_OTS Third Federal Savings & Loan Association of Cleveland Civil Money Penalty: Third Federal Savings & Loan Association of Cleveland
Feb 7, 2011 OCC Carver Federal Savings Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Carver Federal Savings Bank
Feb 7, 2011 OCC_OTS Carver Bancorp, Inc. Cease and Desist: Carver Bancorp, Inc.
Feb 7, 2011
Released Feb 10, 2011		 FRB Financial Services of Saint Croix Falls, Inc. Written Agreement: Financial Services of St. Croix Falls, Inc., St. Croix Falls, Wisconsin
Feb 7, 2011 OCC_OTS Carver Federal Savings Bank Cease and Desist: Carver Federal Savings Bank
Feb 4, 2011 OCC_OTS Southwest Bank Holding Company Cease and Desist: Southwest Securities FSB
Feb 4, 2011
Released Feb 15, 2011		 FRB Dacotah Bank Civil Money Penalty, $10,995: Dacotah Bank, Aberdeen, South Dakota
Feb 4, 2011
Released Feb 15, 2011		 FRB (individual) Civil Money Penalty, $5,160: Franklin Savings Bank, Farmington, Maine
Feb 4, 2011 OCC Southwest Bank Holding Company Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Southwest Securities, FSB
Feb 3, 2011 OCC The Midland National Bank of Newton Formal Agreement: The Midland National Bank of Newton
Feb 3, 2011 OCC_OTS MidFirst Bank Orders of Removal/Prohibition: Brent Bishop
Feb 3, 2011 OCC_OTS Bank Mutual Orders of Removal/Prohibition: Kirk M. France
Feb 3, 2011 OCC_OTS Woodforest Bank Termination of Cease and Desist: Woodforest Bank
Feb 2, 2011 OCC Peoples National Bank Civil Money Penalty (CMP): Anderson, Eric
Feb 2, 2011 OCC Peoples National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Anderson, Eric
Feb 2, 2011
Released Feb 8, 2011		 FRB Bankvest, Inc. Written Agreement: BankVest, Inc., Castle Rock, Colorado
Feb 2, 2011 OCC Community National Corporation Prohibition/Removal Orders: Lees, Jay
Feb 2, 2011 OCC Community National Corporation Civil Money Penalty (CMP): Lees, Jay
Jan 31, 2011 FRB Fifth Third Bank, N.A. Section 19 Letters: Dorenee Robinson
Jan 31, 2011 FRB Fifth Third Bank, N.A. Section 19 Letters: Amanda Burns
Jan 28, 2011 OCC The First National Bank of Wellston Civil Money Penalty (CMP): The First National Bank of Wellston
Jan 28, 2011 OCC The Bank, N.A. Civil Money Penalty (CMP): The Bank National Association
Jan 28, 2011 OCC_OTS First Federal Bank Orders of Removal/Prohibition: Marla Owens
Jan 27, 2011 OCC Canyon Bancorporation, Inc. Formal Agreement: Canyon Community Bank, National Association
Jan 26, 2011 FRB (individual) Section 19 Letters: Kermit E. Rabe
Jan 26, 2011 OCC (individual) Formal Agreement: THE National Bank
Jan 25, 2011 OCC Liberty Bank Formal Agreement: Liberty Bank, National Association
Jan 25, 2011 OCC_OTS Atlantic Banc Holdings, Inc. Cease and Desist: Atlantic Banc Holdings, Inc.
Jan 25, 2011
Released Feb 1, 2011		 FRB Cokato Bancshares, Inc. Written Agreement: Cokato Bancshares, Inc., Cokato, Minnesota
Jan 25, 2011 OCC_OTS Sterling Bancorp, Inc. Orders of Removal/Prohibition: Shuang Zheng
Jan 25, 2011 OCC_OTS Systematic Savings and Loan Association Supervisory Agreement: Systematic Savings and Loan Association
Jan 25, 2011 OCC_OTS Atlantic Bank & Trust Cease and Desist: Atlantic Bank and Trust
Jan 24, 2011 OCC_OTS Park Bancorp, Inc. Cease and Desist: Park Federal Savings Bank
Jan 24, 2011
Released Jan 27, 2011		 FRB Virginia Business Bank Prompt Corrective Action: Virginia Business Bank, Richmond, Virginia
Jan 24, 2011 OCC_OTS Park Bancorp, Inc. Termination of Supervisory Agreement: Park Federal Savings Bank
Jan 24, 2011 OCC South County Bank, National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): South County Bank, National Association
Jan 21, 2011 FRB Regions Bank Section 19 Letters: Stephanie Pickle
Jan 21, 2011 OCC_OTS First Federal Bank Orders of Removal/Prohibition: Heather Whiteside
Jan 21, 2011 OCC_OTS (individual) Orders of Removal/Prohibition: Sarah M. Knight
Jan 21, 2011 FRB Compass Bank Section 19 Letters: David Charles Peterson
Jan 21, 2011 OCC_OTS Colombo Bancshares, Inc. Cease and Desist: Colombo Bancshares, Inc.
Jan 21, 2011 FRB Suntrust Bank Section 19 Letters: Karen Pope Ferguson
Jan 20, 2011
Released Jan 25, 2011		 FRB Rocky Mountain Capital Written Agreement: Rocky Mountain Capital, Wilson, Wyoming
Jan 20, 2011 OCC One National Bancshares, Inc. Formal Agreement: One Bank & Trust, National Association

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