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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
Jul 1, 2011 Wells Fargo Financial Mississippi 2, Inc. IA Wells Fargo Bank, N.A.
Jul 1, 2011 Wells Fargo Financial Mississippi, Inc. IA Wells Fargo Bank, N.A.
Jul 1, 2011 M&T Trust Company of Delaware DE Wilmington Trust, N.A.
Jul 1, 2011 Wells Fargo Dealer Services, Inc. NC Wells Fargo Bank, N.A.
Jul 1, 2011 Founders Bank, SSB TX Vista Bank Texas
Jul 1, 2011 Greensburg Bancshares, Inc. LA First Guaranty Bancshares, Inc.
Jul 1, 2011 Wells Fargo Trade Capital, LLC NY Wells Fargo Bank, N.A.
Jun 30, 2011 Hico Delaware Bancshares, Inc. DE First National Bancshares of Hico, Inc.
Jun 30, 2011 Capital Bank NC Capital Bank Corporation
Jun 30, 2011 Lebco Educators Federal Credit Union PA Belco Community Credit Union
Jun 30, 2011 Cascade Bank WA Opus Bank
Jun 25, 2011 Alton Area Employees Federal Credit Union IL 1st Midamerica Credit Union
Jun 18, 2011 Farmers State Bank, Astoria IL Better Banks
Jun 18, 2011 Charleston Newspapers Federal Credit Union WV Members Choice WV Federal Credit Union
Jun 17, 2011 Exchange National Bank of Moore OK BancFirst
Jun 14, 2011 First National Bank of Borger TX Interbank
Jun 10, 2011 First Community Bank IA Dubuque Bank and Trust Company
Jun 5, 2011 Hancock Bank of Alabama AL Whitney Bank
Jun 5, 2011 Whitney Holding Corporation LA Hancock Whitney Corporation
Jun 5, 2011 Whitney National Bank LA Whitney Bank
Jun 4, 2011 First National Bank & Trust Co. of Leavenworth KS Exchange Bank & Trust
Jun 3, 2011 Farmers State Bank of Sherburn MN Bank Midwest
Jun 1, 2011 Portland Onized Federal Credit Union OR Rivermark Community Credit Union
Jun 1, 2011 First Community Bank of America FL C1 Bank
Jun 1, 2011 North Penn Bancorp, Inc PA Norwood Financial Corp.
Jun 1, 2011 Omni Bancshares, Inc. LA Iberiabank Corporation
Jun 1, 2011 Morgan Stanley Credit Corporation IL Morgan Stanley Private Bank, N.A.
Jun 1, 2011 Omni Bank LA Iberiabank
Jun 1, 2011 Cameron Bancshares, Inc. LA Iberiabank Corporation
Jun 1, 2011 Chase Equipment Finance, Inc. OH JPMorgan Chase Bank, N.A.
Jun 1, 2011 Telecommunity Credit Union OH Towpath Credit Union
Jun 1, 2011 Westchester Federal Credit Union NY Nea Federal Credit Union
Jun 1, 2011 Church of Brethren Credit Union IL Alero Financial Credit Union
Jun 1, 2011 Dallas Cotton Belt Employees Credit Union TX Corner Stone Credit Union
Jun 1, 2011 H F Credit Union IL Great Lakes Credit Union
Jun 1, 2011 North Penn Bank PA Wayne Bank
Jun 1, 2011 Sears Waco Credit Union TX First Central Credit Union
Jun 1, 2011 Cameron State Bank LA Iberiabank
Jun 1, 2011 Media Hawaii Federal Credit Union HI Aloha Pacific Federal Credit Union
Jun 1, 2011 Saugus Federal Credit Union MA Webster First Federal Credit Union
Jun 1, 2011 Morse Chain Ithaca Employees NY Beginnings Credit Union
May 31, 2011 Hospitality Community Federal Credit Union DC Transit Employees Federal Credit Union
May 28, 2011 Hamptons State Bank NY Dime Commercial Bank
May 28, 2011 Charter Private Bank WA Boston Private Bank & Trust Company
May 28, 2011 Borel Private Bank & Trust Company CA Boston Private Bank & Trust Company
May 28, 2011 First Private Bank & Trust CA Boston Private Bank & Trust Company
May 23, 2011 Local 701 I B E W Federal Credit Union IL Great Lakes Credit Union
May 21, 2011 FirstBank of Arizona, Inc. AZ FirstBank
May 20, 2011 Treaty Oak Bank TX Northstar Bank
May 17, 2011 Abigail Adams National Bancorp, Inc. DC Premier Financial Bancorp, Inc.

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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