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
Dec 31, 2011	Amarillo Delaware Bancorp, Inc.	DE	Amarillo National Bancorp, Inc.
Dec 31, 2011	Nebraska Bankers' Bank	NE	Midwest Independent Bankersbank
Dec 31, 2011	Aliant Bank	AL	USAmeriBank
Dec 31, 2011	The Thrift Credit Union	GA	Georgia's Own Credit Union
Dec 31, 2011	U.S. Bancorp Equipment Finance, Inc.	OR	U.S. Bank N.A.
Dec 31, 2011	Luling Delaware Financial Corporation	DE	Luling Bancshares, Inc.
Dec 31, 2011	Freestar Bank, National Association	IL	First Financial Bank, N.A.
Dec 31, 2011	State Bank of Lucan	MN	First Independent Bank
Dec 31, 2011	South Bergen Federal Credit Union	NJ	North Jersey Federal Credit Union
Dec 31, 2011	Citizens Community Credit Union	IL	Illinois Community Credit Union
Dec 31, 2011	Turtle Creek Federal Credit Union	SD	Dakotaland Federal Credit Union
Dec 30, 2011	M&I Community Development Corporation	WI	BMO Bank N.A.
Dec 29, 2011	MSDW Credit Products Inc.	NY	Morgan Stanley
Dec 21, 2011	Guadalupe Federal Credit Union	CA	Premierone Credit Union
Dec 20, 2011	Spring Hill (Delaware), Inc.	DE	Spring Hill Holdings Corporation
Dec 17, 2011	Hedrick Savings Bank	IA	South Ottumwa Savings Bank
Dec 17, 2011	CenterBank of Jacksonville, National Association	FL	FirstAtlantic Bank
Dec 16, 2011	Bemis Federal Credit Union	WA	Lighthouse Community Credit Union
Dec 16, 2011	Diboll State Bancshares of Delaware, Inc.	DE	Diboll State Bancshares, Inc.
Dec 15, 2011	Nero Limited, LLC	MN	Wells Fargo & Company
Dec 14, 2011	Madco Postal Federal Credit Union	IL	1st Midamerica Credit Union
Dec 10, 2011	Heritage First Bank	AL	Townbridge Bank
Dec 10, 2011	Farmers State Bank of Fulton County	IL	Prairie State Bank & Trust
Dec 9, 2011	Baltimore Pipe Trades Federal Credit Union	MD	Point Breeze Credit Union
Dec 7, 2011	Boise Valley Credit Union	ID	Esa Credit Union
Dec 5, 2011	Southern Bank & Trust	SC	Georgia Bank & Trust Company of Augusta
Dec 3, 2011	First National Bank of Ivesdale	IL	State Bank of Bement
Dec 1, 2011	News & Observer Credit Union	NC	Summit Credit Union
Dec 1, 2011	Edwards Development Corporation	MO	Wells Fargo & Company
Dec 1, 2011	Center Financial Corporation	CA	Hope Bancorp, Inc.
Dec 1, 2011	Nara Bank	CA	Bank of Hope
Dec 1, 2011	CapitalBank	SC	Park Sterling Bank
Dec 1, 2011	Claver Federal Credit Union	LA	Tulane/Loyola Federal Credit Union
Dec 1, 2011	First Louisiana National Bank	LA	Midsouth Bank, N.A.
Dec 1, 2011	Delta County Teachers Credit Union	MI	U.P. State Credit Union
Dec 1, 2011	Metroplex Credit Union	TX	Resource One Credit Union
Dec 1, 2011	Fitchburg Federal Credit Union	MA	Webster First Federal Credit Union
Dec 1, 2011	Hamilton County School Employees Credit Union, Inc.	OH	Kemba Credit Union, Inc.
Dec 1, 2011	People's Credit Union of Abilene	TX	Abilene Teachers Federal Credit Union
Dec 1, 2011	San Jacinto Area Credit Union	TX	Texas Dow Employees Credit Union
Dec 1, 2011	Bluestone Federal Credit Union	MN	Associated Healthcare Credit Union
Dec 1, 2011	Paragon Federal Credit Union	NJ	Visions Federal Credit Union
Dec 1, 2011	Dyersburg Credit Union	TN	First South Financial Federal Credit Union
Dec 1, 2011	United Maryland Employees Federal Credit Union	MD	Destinations Credit Union
Dec 1, 2011	Target Corporation Credit Union	MN	Baxter Credit Union
Dec 1, 2011	N P T Employees Federal Credit Union	OR	Portland Local No. 8 Federal Credit Union
Dec 1, 2011	Florida Episcopal Dioceses Federal Credit Union	FL	Insight Credit Union
Nov 30, 2011	Bridge Street Awme Church Federal Credit Union	NY	Brooklyn Cooperative Federal Credit Union
Nov 30, 2011	Viking Financial Services Corporation	WA	Starbuck Bancshares, Inc.
Nov 30, 2011	Viking Bank	WA	AmericanWest Bank

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

Enforcement Actions in 2011

Action date	Agency	Institution	Action
Jan 20, 2011	OCC	First National Community Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Chatsworth
Jan 20, 2011	OCC_OTS	Pulaski Financial Corp.	Orders of Removal/Prohibition: Justin Pfautsch
Jan 20, 2011	OCC_OTS	Phoenixville Federal Bank and Trust	Termination of Supervisory Agreement: Phoenixville Federal Bank & Trust
Jan 20, 2011 Released Jan 25, 2011	FRB	Rocky Mountain Bank	Written Agreement: Rocky Mountain Bank, Wilson, Wyoming
Jan 19, 2011 Released Jan 25, 2011	FRB	Community Central Bank Corporation	Written Agreement: Community Central Bank Corporation, Mount Clemens, Michigan
Jan 19, 2011 Released Jan 25, 2011	FRB	Elgin Bancshares, Inc.	Written Agreement: Elgin Bancshares, Inc., Elgin, Illinois
Jan 19, 2011	OCC_OTS	(individual)	Termination of Supervisory Agreement: Dryades Savings Bank, FSB
Jan 18, 2011	OCC_OTS	Colombo Bancshares, Inc.	Civil Money Penalty: Colombo Bank
Jan 18, 2011	OCC_OTS	Dime Community Bank	Orders of Removal/Prohibition: Mark Dance
Jan 18, 2011	OCC_OTS	First Savings Bank of New Orleans, Federal Savings Bank	Orders of Removal/Prohibition: Shanquell Wilson
Jan 18, 2011	OCC_OTS	The Oculina Bank	Supervisory Agreement: The Oculina Bank
Jan 14, 2011 Released Jan 20, 2011	FRB	Intervest Bancshares Corporation	Written Agreement: Intervest Bancshares Corporation, New York, New York
Jan 13, 2011	OCC	Elevate Bank, N.A.	Formal Agreement: The First National Bank of Sedan
Jan 12, 2011	OCC_OTS	Americantrust Federal Savings Bank	Civil Money Penalty: Americantrust Federal Savings Bank
Jan 12, 2011	OCC_OTS	Century Savings Bank	Termination of Cease and Desist: Century Bank
Jan 12, 2011	OCC_OTS	First Federal Savings and Loan Association	Supervisory Agreement: First Federal Savings and Loan Association of Hammond
Jan 12, 2011	OCC	Security Bank, N.A.	Civil Money Penalty (CMP): Serlo, Larry
Jan 12, 2011	OCC	(individual)	Formal Agreement: First FS & LA of Hammond
Jan 6, 2011	OCC_OTS	American Bank	Cease and Desist: American Bank
Jan 6, 2011	OCC_OTS	Sunnyside Federal Savings and Loan Association of Irvington	Termination of Cease and Desist: Sunnyside FS&LA of Irvington
Jan 5, 2011	OCC	Wells Fargo Bank, N.A.	Prohibition/Removal Orders: Arango, John
Jan 4, 2011 Released Jan 6, 2011	FRB	Metropolitan Bank Holding Corp.	Written Agreement: Metropolitan Bank Holding Corporation, New York, New York
Jan 3, 2011	OCC_OTS	Savings Bank of Maine, MHC	Termination of Cease and Desist: Savings Bank of Maine, Savings Bank of Maine, MHC, …
Jan 3, 2011	OCC_OTS	Savings Bank of Maine	Termination of Prompt Corrective Action: Savings Bank of Maine

Browse adjacent years: 2010 · 2012

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