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 |
|---|---|---|
| Oct 1, 2011 | First State Bank of Alexandria | BlackRidgeBANK |
| Oct 1, 2011 | Vanguard Community Credit Union | Connect Credit Union |
| Oct 1, 2011 | The Union Savings Bank | Central Bank of Sedalia |
| Oct 1, 2011 | Catholic Credit Union | Solarity Credit Union |
| Oct 1, 2011 | National Capital Federal Credit Union | Market USA Federal Credit Union |
| Oct 1, 2011 | Saint Vrain Valley Credit Union | Elevations Credit Union |
| Oct 1, 2011 | Haverhill Credit Union | Align Credit Union |
| Oct 1, 2011 | Lakewood Bank, National Association | BlackRidgeBANK |
| Oct 1, 2011 | Tesoro Employees Federal Credit Union | Synergy Federal Credit Union |
| Oct 1, 2011 | Brownberry Credit Union | Landmark Credit Union |
| Oct 1, 2011 | Bluebonnet Credit Union | Texas Dow Employees Credit Union |
| Sep 30, 2011 | CHH Credit Union | Northwest Hills Credit Union |
| Sep 30, 2011 | Elgin State Bancorp, Inc. | Wintrust Financial Corporation |
| Sep 30, 2011 | Sentry Federal Credit Union | Franklin Mint Federal Credit Union |
| Sep 30, 2011 | The Elgin State Bank | St. Charles Bank & Trust Company, N.A. |
| Sep 30, 2011 | Bradford Postal Cu | Bradford Area Federal Credit Union |
| Sep 29, 2011 | Gsi Avonmore Employees Federal Credit Union | Usx Federal Credit Union |
| Sep 27, 2011 | MT. Vernon Financial Holdings, Inc. | Premier Financial Bancorp, Inc. |
| Sep 24, 2011 | Ventura County Business Bank | Royal Business Bank |
| Sep 24, 2011 | State Bank & Trust Company | State Bank |
| Sep 17, 2011 | Berkshire Bancorp, Inc. | Customers Bancorp, Inc |
| Sep 17, 2011 | First Western Trust Bank | First Western Trust Bank |
| Sep 17, 2011 | Berkshire Bank | Customers Bank |
| Sep 8, 2011 | GreenBank | Capital Bank Corporation |
| Sep 8, 2011 | Dremco Credit Union | Ascend Federal Credit Union |
| Sep 4, 2011 | Champlain Federal Credit Union | Dannemora Federal Credit Union |
| Sep 1, 2011 | Sofcu Community Credit Union | First Community Credit Union |
| Sep 1, 2011 | RBC Trust Company (NC) LLC | Renasant Bank |
| Sep 1, 2011 | First Union Title Corporation | WFC Holdings, LLC |
| Sep 1, 2011 | Watermark Credit Union | Sound Credit Union |
| Sep 1, 2011 | Motorists Insurance Employees Credit Union, Inc. | Pathways Financial Credit Union, Inc. |
| Sep 1, 2011 | Poc Federal Credit Union | Pinellas Federal Credit Union |
| Sep 1, 2011 | N W C S Federal Credit Union | Alero Financial Credit Union |
| Sep 1, 2011 | Premier Financial Credit Union | American 1 Credit Union |
| Sep 1, 2011 | Glen Ullin Credit Union | Western Cooperative Credit Union |
| Sep 1, 2011 | Chicago Heights Onized Federal Credit Union | Great Lakes Credit Union |
| Sep 1, 2011 | Saint Pauls Baptist Federal Credit Union | Henrico Federal Credit Union |
| Sep 1, 2011 | The Bank of McLouth | The Union State Bank of Everest |
| Aug 31, 2011 | St. Vincents Employees Federal Credit Union | McGraw Hill Federal Credit Union |
| Aug 31, 2011 | Orange Community Bancorp | Grandpoint Capital, Inc. |
| Aug 31, 2011 | Orange Community Bank | Grandpoint Bank |
| Aug 31, 2011 | Peoples Bancorp of Delaware, Inc. | Peoples Bancorp, Inc. |
| Aug 31, 2011 | Fountain Baptist Federal Credit Union | Affinity Federal Credit Union |
| Aug 31, 2011 | W P S Credit Union | Community First Credit Union |
| Aug 27, 2011 | Canton State Bank | First Southeast Bank |
| Aug 27, 2011 | The Merchants & Farmers Bank | United Mississippi Bank |
| Aug 24, 2011 | Golden Security Bank | First General Bank |
| Aug 23, 2011 | Eagle Bank | Round Top State Bank |
| Aug 20, 2011 | Security State Bank | Peoples State Bank |
| Aug 20, 2011 | Community Thrift Holding Company | Community Holding Company |
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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