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 |
|---|---|---|
| Oct 1, 2011 | First State Bank of Alexandria | BlackRidgeBANK |
| Oct 1, 2011 | Vanguard Community Credit Union | Connect Credit Union |
| Oct 1, 2011 | The Union Savings Bank | Central Bank of Sedalia |
| Oct 1, 2011 | Catholic Credit Union | Solarity Credit Union |
| Oct 1, 2011 | National Capital Federal Credit Union | Market USA Federal Credit Union |
| Oct 1, 2011 | Saint Vrain Valley Credit Union | Elevations Credit Union |
| Oct 1, 2011 | Haverhill Credit Union | Align Credit Union |
| Oct 1, 2011 | Lakewood Bank, National Association | BlackRidgeBANK |
| Oct 1, 2011 | Tesoro Employees Federal Credit Union | Synergy Federal Credit Union |
| Oct 1, 2011 | Brownberry Credit Union | Landmark Credit Union |
| Oct 1, 2011 | Bluebonnet Credit Union | Texas Dow Employees Credit Union |
| Sep 30, 2011 | CHH Credit Union | Northwest Hills Credit Union |
| Sep 30, 2011 | Elgin State Bancorp, Inc. | Wintrust Financial Corporation |
| Sep 30, 2011 | Sentry Federal Credit Union | Franklin Mint Federal Credit Union |
| Sep 30, 2011 | The Elgin State Bank | St. Charles Bank & Trust Company, N.A. |
| Sep 30, 2011 | Bradford Postal Cu | Bradford Area Federal Credit Union |
| Sep 29, 2011 | Gsi Avonmore Employees Federal Credit Union | Usx Federal Credit Union |
| Sep 27, 2011 | MT. Vernon Financial Holdings, Inc. | Premier Financial Bancorp, Inc. |
| Sep 24, 2011 | Ventura County Business Bank | Royal Business Bank |
| Sep 24, 2011 | State Bank & Trust Company | State Bank |
| Sep 17, 2011 | Berkshire Bancorp, Inc. | Customers Bancorp, Inc |
| Sep 17, 2011 | First Western Trust Bank | First Western Trust Bank |
| Sep 17, 2011 | Berkshire Bank | Customers Bank |
| Sep 8, 2011 | GreenBank | Capital Bank Corporation |
| Sep 8, 2011 | Dremco Credit Union | Ascend Federal Credit Union |
| Sep 4, 2011 | Champlain Federal Credit Union | Dannemora Federal Credit Union |
| Sep 1, 2011 | Sofcu Community Credit Union | First Community Credit Union |
| Sep 1, 2011 | RBC Trust Company (NC) LLC | Renasant Bank |
| Sep 1, 2011 | First Union Title Corporation | WFC Holdings, LLC |
| Sep 1, 2011 | Watermark Credit Union | Sound Credit Union |
| Sep 1, 2011 | Motorists Insurance Employees Credit Union, Inc. | Pathways Financial Credit Union, Inc. |
| Sep 1, 2011 | Poc Federal Credit Union | Pinellas Federal Credit Union |
| Sep 1, 2011 | N W C S Federal Credit Union | Alero Financial Credit Union |
| Sep 1, 2011 | Premier Financial Credit Union | American 1 Credit Union |
| Sep 1, 2011 | Glen Ullin Credit Union | Western Cooperative Credit Union |
| Sep 1, 2011 | Chicago Heights Onized Federal Credit Union | Great Lakes Credit Union |
| Sep 1, 2011 | Saint Pauls Baptist Federal Credit Union | Henrico Federal Credit Union |
| Sep 1, 2011 | The Bank of McLouth | The Union State Bank of Everest |
| Aug 31, 2011 | St. Vincents Employees Federal Credit Union | McGraw Hill Federal Credit Union |
| Aug 31, 2011 | Orange Community Bancorp | Grandpoint Capital, Inc. |
| Aug 31, 2011 | Orange Community Bank | Grandpoint Bank |
| Aug 31, 2011 | Peoples Bancorp of Delaware, Inc. | Peoples Bancorp, Inc. |
| Aug 31, 2011 | Fountain Baptist Federal Credit Union | Affinity Federal Credit Union |
| Aug 31, 2011 | W P S Credit Union | Community First Credit Union |
| Aug 27, 2011 | Canton State Bank | First Southeast Bank |
| Aug 27, 2011 | The Merchants & Farmers Bank | United Mississippi Bank |
| Aug 24, 2011 | Golden Security Bank | First General Bank |
| Aug 23, 2011 | Eagle Bank | Round Top State Bank |
| Aug 20, 2011 | Security State Bank | Peoples State Bank |
| Aug 20, 2011 | Community Thrift Holding Company | Community Holding Company |
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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