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
Oct 25, 2011	Austin Delaware Financial Corporation	DE	Austin Colony, Inc.
Oct 25, 2011	Dalhart Delaware Financial Corporation	DE	First Dalhart Bancshares, Inc.
Oct 24, 2011	F & M Bank, National Association, Oklahoma City, Oklahoma	OK	F&M Bank
Oct 22, 2011	Skylands Community Bank	NJ	Fulton Bank of New Jersey
Oct 22, 2011	Santa Lucia Bank	CA	Mission Community Bank
Oct 21, 2011	The Okemah National Bank	OK	BancFirst
Oct 19, 2011	Global Trust Bank	CA	United Business Bank
Oct 15, 2011	Security State Bank of Howard Lake	MN	Citizens Alliance Bank
Oct 15, 2011	Charter Bank	NM	WaFd Bank
Oct 15, 2011	Allegiance Community Bank	NJ	BCB Community Bank
Oct 14, 2011	Custodial Trust Company	NJ	JPMorgan Chase Bank, N.A.
Oct 13, 2011	Fullerton Federal Savings Association	MD	Fairmount Bank
Oct 8, 2011	Security State Bank	ND	Starion Bank
Oct 6, 2011	Northstar Delaware Financial Corporation	DE	Northstar Financial Corporation
Oct 6, 2011	First State Bank	NE	Cornerstone Bank
Oct 3, 2011	Signet Student Loan Corporation	VA	Wells Fargo & Company
Oct 3, 2011	Methode Federal Credit Union	IL	Encurage Financial Network
Oct 3, 2011	Greensburg Community Federal Credit Union	PA	Pheple Federal Credit Union
Oct 1, 2011	Michigan Service Credit Union	MI	American 1 Credit Union
Oct 1, 2011	Abington Bancorp, Inc	PA	Susquehanna Bancshares, Inc.
Oct 1, 2011	South Louisiana Business Bank	LA	Investar Bank, N.A.
Oct 1, 2011	FirstBank - St. Johns	MI	FirstBank - Alma
Oct 1, 2011	JD Financial Group, Inc.	IL	American Bancorp of Illinois, Inc.
Oct 1, 2011	Doral Bank, FSB	NY	Doral Bank
Oct 1, 2011	Northern Trust Bank, Federal Savings Bank	MI	The Northern Trust Company
Oct 1, 2011	Palmetto Capital, Inc.	SC	The Palmetto Bank
Oct 1, 2011	J.P. Morgan Investor Services Co.	MA	JPMorgan Chase Bank, N.A.
Oct 1, 2011	Kingsbury Bank Holding Company	SD	Leackco Bank Holding Company, Inc.
Oct 1, 2011	Arsebeco, Inc.	NE	Frontier Holdings, LLC
Oct 1, 2011	D & H Investments Corp.	IA	SSB Bancorp, Inc.
Oct 1, 2011	Chase Auto Finance Corp.	NY	JPMorgan Chase Bank, N.A.
Oct 1, 2011	Saint Nicholas Credit Union	WI	Kohler Credit Union
Oct 1, 2011	Minnesota Valley Credit Union	MN	Heartland Credit Union
Oct 1, 2011	North Jefferson County Catholic Credit Union	MO	Members 1st Credit Union
Oct 1, 2011	Eddy Employees Federal Credit Union	MI	Arbor Financial Credit Union
Oct 1, 2011	Nicolet Credit Union	WI	Ripco Credit Union
Oct 1, 2011	Pennsylvania Grange Federal Credit Union	PA	Service 1st Federal Credit Union
Oct 1, 2011	Interlakes Federal Credit Union	SD	Dakotaland Federal Credit Union
Oct 1, 2011	Stewart Credit Union	TX	Chevron Federal Credit Union
Oct 1, 2011	People's Priority Federal Credit Union	NY	Financial Trust Federal Credit Union
Oct 1, 2011	Valley Bank & Trust	IA	State Savings Bank
Oct 1, 2011	Saint Patrick Carleton Federal Credit Union	MI	Monroe Community Credit Union
Oct 1, 2011	Peninsula Methodist Federal Credit Union	DE	Dover Federal Credit Union
Oct 1, 2011	Tree Capital Credit Union	FL	Champions First Credit Union
Oct 1, 2011	Texas First Choice Federal Credit Union	TX	Prestige Community Credit Union
Oct 1, 2011	Northern Trust, National Association	FL	The Northern Trust Company
Oct 1, 2011	Federated Family Credit Union	WI	Great Lakes Credit Union
Oct 1, 2011	Peoples State Bank	SD	American Bank & Trust
Oct 1, 2011	Heart of the Lakes Credit Union	MN	Magnifi Financial Credit Union
Oct 1, 2011	Abington Savings Bank	PA	Susquehanna 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

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