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 |
|---|---|---|
| Jul 9, 2011 | Centra Financial Corporation-Morgantown, Inc | Ubc Holding Company, Inc. |
| Jul 9, 2011 | Centra Financial Corporation-Hagerstown, Inc. | Ubc Holding Company, Inc. |
| Jul 9, 2011 | First Asian Bank | Royal Business Bank |
| Jul 9, 2011 | Centra Financial Corporation-Uniontown, Inc. | Ubc Holding Company, Inc. |
| Jul 9, 2011 | Centra Financial Corporation-Martinsburg, Inc | Ubc Holding Company, Inc. |
| Jul 9, 2011 | Centra Financial Holdings, Inc. | Ubc Holding Company, Inc. |
| Jul 7, 2011 | First National Bank of Ruidoso | First National Bank |
| Jul 6, 2011 | M & I Bank N.A. | BMO Bank N.A. |
| Jul 6, 2011 | Marshall & Ilsley Corporation | BMO Financial Corp. |
| Jul 6, 2011 | The Harris Bank National Association | BMO Bank N.A. |
| Jul 6, 2011 | M&I Marshall and Ilsley Bank | BMO Bank N.A. |
| Jul 2, 2011 | F&M Mortgage Company, L.L.C. | The F&M Bank & Trust Company |
| Jul 1, 2011 | MidCarolina Bank | American National Bank and Trust Company |
| Jul 1, 2011 | Northern States Power Company Fargo Division Federal Credit Union | Town & Country Credit Union |
| Jul 1, 2011 | Western States Envelope Credit Union | Landmark Credit Union |
| Jul 1, 2011 | U.F.C.W. Local Federal Credit Union | Finex Credit Union |
| Jul 1, 2011 | Maroa Forsyth Community Bank | Scott State Bank |
| Jul 1, 2011 | T C U 579 Credit Union | Heartland Credit Union |
| Jul 1, 2011 | Creamery Credit Union | North Star Community Credit Union |
| Jul 1, 2011 | Frontier Federal Credit Union | The Summit Federal Credit Union |
| Jul 1, 2011 | J C S Employees Federal Credit Union | Atomic Credit Union, Inc. |
| Jul 1, 2011 | West Covina Federal Credit Union | Prospectors Federal Credit Union |
| Jul 1, 2011 | Hungarian Reformed Church Sick Benefit Society Federal Credit Union | Genfed Financial Credit Union, Inc. |
| Jul 1, 2011 | Seacoast Credit Union | Service Federal Credit Union |
| Jul 1, 2011 | Ukrainian Credit Union | Trustone Financial Credit Union |
| Jul 1, 2011 | Weber Credit Union | Wasatch Peaks Federal Credit Union |
| Jul 1, 2011 | Citibank (South Dakota), N.A. | Citibank, N.A. |
| Jul 1, 2011 | Bank of Greensburg | First Guaranty Bank |
| Jul 1, 2011 | Minnesota Catholic Credit Union | Minnesota Catholic Credit Union |
| Jul 1, 2011 | First Community Bank | Arbor Bank |
| Jul 1, 2011 | Missions Building Federal Credit Union | Harvester Financial Credit Union |
| Jul 1, 2011 | Benchmark Credit Union | Complex Community Federal Credit Union |
| Jul 1, 2011 | Maricopa Santa Fe Federal Credit Union | Sunwest Federal Credit Union |
| Jul 1, 2011 | Danversbank | People's United Bank, National Association |
| Jul 1, 2011 | Kulia Ohana Federal Credit Union | Valley Isle Community Federal Credit Union |
| Jul 1, 2011 | Klann Employees Credit Union | Valley Community Credit Union |
| Jul 1, 2011 | Lakeland Postal Employees Federal Credit Union | Priority Credit Union |
| Jul 1, 2011 | Heritage Bank, National Association | Heritage Bank, N.A. |
| Jul 1, 2011 | Huntingdon County Federal Credit Union | Arize Federal Credit Union |
| Jul 1, 2011 | Jackson Vibrators Employees Credit Union | Preferred Credit Union |
| Jul 1, 2011 | Southtrust Mortgage Corporation | Wells Fargo Bank, N.A. |
| Jul 1, 2011 | Meridian Mortgage Corporation | Wells Fargo Bank, N.A. |
| Jul 1, 2011 | VNB Mortgage Services, Inc. | Valley National Bank |
| Jul 1, 2011 | Wilmington Trust, National Association | Wilmington Trust, N.A. |
| Jul 1, 2011 | SBL, Inc | State Bank Financial |
| Jul 1, 2011 | Merrill Lynch Credit Corporation | Bank of America, N.A. |
| Jul 1, 2011 | Danvers Bancorp, Inc. | People's United Financial, Inc. |
| Jul 1, 2011 | Bac Home Loans Servicing, LP | Bank of America, N.A. |
| Jul 1, 2011 | Citizens Bank Wealth Management, N.A. | Citizens Bank |
| Jul 1, 2011 | Midcarolina Financial Corporation | American National Bankshares 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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