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
Mar 1, 2011	Cuyahoga Falls Municipal Employees Credit Union, Inc.	OH	Falls Catholic Credit Union, Inc.
Mar 1, 2011	P a Federal Credit Union	LA	Eagle Louisiana Federal Credit Union
Mar 1, 2011	Sweetheart Cup Federal Credit Union	IL	South Division Credit Union
Mar 1, 2011	First National Bank	NE	Homestead Bank
Mar 1, 2011	FNS Inc.	NE	C.S.B. Co.
Mar 1, 2011	First Ipswich Bancorp	MA	Brookline Bancorp, Inc.
Mar 1, 2011	Wachovia Holdings, Inc.	NC	Wells Fargo Bank, N.A.
Feb 19, 2011	Bay-Hermann-Berger Bank	MO	The Missouri Bank
Feb 19, 2011	Saint James Parish School Employees Federal Credit Union	LA	Jefferson Financial Federal Credit Union
Feb 18, 2011	Ijl 2004, LLC	NC	Wells Fargo & Company
Feb 14, 2011	El Campo Bancshares of Nevada, Inc.	NV	El Campo Bancshares, Inc.
Feb 12, 2011	First Security Bank - Evansville	MN	First Security Bank - Sleepy Eye
Feb 12, 2011	Loveland Bank of Commerce	CO	Verus Bank of Commerce
Feb 12, 2011	Larimer Bank of Commerce	CO	Verus Bank of Commerce
Feb 12, 2011	American State Bank	OK	Peoples Bank
Feb 5, 2011	Chester National Bank of Missouri	MO	Chester National Bank
Feb 1, 2011	Motion Picture Federal Credit Union	CA	Musicians' Interguild Credit Union
Feb 1, 2011	Starenergy Credit Union	CA	Chevron Federal Credit Union
Feb 1, 2011	Elgin City Employees Credit Union	IL	Credit Union 1
Feb 1, 2011	Charter Alliance Bank	TX	Charter Bank
Feb 1, 2011	American Premier Bank	CA	First General Bank
Jan 31, 2011	American Bell Federal Credit Union	LA	Aneca Federal Credit Union
Jan 31, 2011	A-B Credit Union	WI	Heritage Credit Union
Jan 29, 2011	Northern States Employees Credit Union	WI	Governmental Employees Credit Union
Jan 29, 2011	Continental Federal Credit Union	AZ	Alliant Credit Union
Jan 28, 2011	Shiloh Baptist Church Federal Credit Union	LA	Neighbors Federal Credit Union
Jan 26, 2011	FNB Company of Delaware, L.L.C.	DE	FNB Company
Jan 24, 2011	Bank of Tucson	AZ	Bank of Tucson
Jan 22, 2011	The First National Bank of La Follette	TN	Community Trust Bank, Inc.
Jan 18, 2011	Central Bank, FSB	KY	Central Bank & Trust Company
Jan 15, 2011	The Bank of Quapaw	OK	The Baxter State Bank
Jan 15, 2011	Nine Tribes Bancshares, Inc.	OK	Baxter Bancshares, Inc.
Jan 13, 2011	Olney Bancorp of Delaware, Inc.	DE	Olney Bancshares of Texas, Inc.
Jan 11, 2011	True North Financial Services, Inc.	MA	Mountainone Bank
Jan 11, 2011	Providers Employees Federal Credit Union	NY	Empower Federal Credit Union
Jan 8, 2011	Ironstone Bank	FL	First-Citizens Bank & Trust Company
Jan 3, 2011	Alcan Employees Credit Union	KY	Louisville Metro Police Officers Credit Union
Jan 1, 2011	Ufcw #916 Federal Credit Union	CA	Members 1st Credit Union
Jan 1, 2011	Home Town Community Credit Union	VA	Bayport Federal Credit Union
Jan 1, 2011	Alamosa Credit Union	CO	Mountain River Credit Union
Jan 1, 2011	The Felton Bank	DE	Shore United Bank, N.A.
Jan 1, 2011	Monroe Bank	IN	Old National Bank
Jan 1, 2011	Community Bank & Trust Company	PA	First National Bank of Pennsylvania
Jan 1, 2011	Bank of Fall River, a Co-operative Bank	MA	BayCoast Bank
Jan 1, 2011	St. Margarets Credit Union	MO	Together Credit Union
Jan 1, 2011	Cypress West Federal Credit Union	CA	Skyone Federal Credit Union
Jan 1, 2011	PNC Multifamily Mortgage LLC	CA	PNC Bank, N.A.
Jan 1, 2011	Bank of Kansas City, National Association	KS	BOKF, N.A.
Jan 1, 2011	Santander International Bank of Puerto Rico, Inc.	PR	Banco Santander Puerto Rico
Jan 1, 2011	American Community Bancorp, Inc.	IN	German American Bancorp, Inc.

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

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