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 |
|---|---|---|
| Apr 1, 2011 | Como Northtown Community Credit Union | Topline Financial Credit Union |
| Apr 1, 2011 | Valdosta Educators Credit Union | Mea Federal Credit Union |
| Apr 1, 2011 | Arizona Heritage Credit Union | Credit Union West |
| Apr 1, 2011 | West Haven Municipal Federal Credit Union | Greater West Haven Federal Credit Union |
| Apr 1, 2011 | MT. Garfield Federal Credit Union | Rio Grande Federal Credit Union |
| Apr 1, 2011 | North State Telco Credit Union | Triad Partners Federal Credit Union |
| Apr 1, 2011 | The Rome Savings Bank | Berkshire Bank |
| Apr 1, 2011 | Salt Lake City V a F Federal Credit Union | American United Federal Credit Union |
| Apr 1, 2011 | Treasury Credit Union | Federal Family Federal Credit Union |
| Apr 1, 2011 | Holston Valley Credit Union | Eastman Credit Union |
| Apr 1, 2011 | Leaf River Federal Credit Union | Pine Belt Federal Credit Union |
| Apr 1, 2011 | Cal State Central Credit Union of the North Bay | Redwood Credit Union |
| Apr 1, 2011 | Community 1 Federal Credit Union | Carolina Foothills Federal Credit Union |
| Apr 1, 2011 | Athol-Clinton Co-operative Bank | Bankhometown |
| Apr 1, 2011 | Maryland Bank and Trust Company, National Association | Old Line Bank |
| Apr 1, 2011 | Communication Services Credit Union | Sagelink Credit Union |
| Mar 31, 2011 | Bank Iowa | Bank Iowa |
| Mar 31, 2011 | Northwest Community Bank | Byline Bank |
| Mar 31, 2011 | Community Bank of DuPage | Metrobank |
| Mar 31, 2011 | First National Bankers Bank, Alabama | First National Bankers Bank |
| Mar 31, 2011 | Mississippi National Bankers Bank | First National Bankers Bank |
| Mar 31, 2011 | Bank Iowa | Bank Iowa |
| Mar 31, 2011 | Arkansas Bankers Bank | First National Bankers Bank |
| Mar 31, 2011 | NC Bancorp, Inc. | Byline Bancorp, Inc. |
| Mar 31, 2011 | Bank Iowa | Bank Iowa |
| Mar 31, 2011 | Metropolitan Bank and Trust Company | Metrobank |
| Mar 31, 2011 | Bank Iowa | Bank Iowa |
| Mar 31, 2011 | Bank Iowa | Bank Iowa |
| Mar 31, 2011 | Onized Oakland Federal Credit Union | Allied Trades Credit Union |
| Mar 31, 2011 | Bank Iowa | Bank Iowa |
| Mar 31, 2011 | Chicago Community Bank | Metrobank |
| Mar 31, 2011 | Edens Bank | Byline Bank |
| Mar 31, 2011 | Wells Fargo Central Bank | Wells Fargo Bank, N.A. |
| Mar 31, 2011 | Northern States Montevideo Employees Credit Union | Co-Op Credit Union of Montevideo |
| Mar 31, 2011 | The First Commercial Bank | Byline Bank |
| Mar 26, 2011 | Village Bank | Liberty Bank |
| Mar 23, 2011 | Fidelity Bank | Veritex Community Bank |
| Mar 23, 2011 | Fidelity Resources Company | Veritex Holdings, Inc. |
| Mar 19, 2011 | Downers Grove National Bank | BankFinancial, National Association |
| Mar 19, 2011 | DG Bancorp, Inc. | Bankfinancial Corporation |
| Mar 19, 2011 | Rural American Bank - Braham | Frandsen Bank & Trust |
| Mar 19, 2011 | Rural American Bank - Luck | Frandsen Bank & Trust |
| Mar 19, 2011 | Wainwright Bank & Trust Company | Eastern Bank |
| Mar 18, 2011 | Southwest Capital Bank, National Association | Stonegate Bank |
| Mar 17, 2011 | The Franklin Savings and Loan Company | Cheviot Savings Bank |
| Mar 15, 2011 | Bank of Whitewater Insurance, Inc. | The Bank of Whitewater |
| Mar 12, 2011 | The First National Bank of Mineola | The City National Bank of Sulphur Springs |
| Mar 5, 2011 | First State Bank | Banner Capital Bank |
| Mar 3, 2011 | Rockville Financial, Inc. | United Financial Bancorp, Inc. |
| Mar 1, 2011 | Portland Credit Union | First Community Credit Union |
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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