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 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 |
Browse adjacent years: 2010 · 2012
Or jump to a category: Failures · Mergers · Enforcement · Assistance