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 |
|---|---|---|
| Mar 1, 2011 | Cuyahoga Falls Municipal Employees Credit Union, Inc. | Falls Catholic Credit Union, Inc. |
| Mar 1, 2011 | P a Federal Credit Union | Eagle Louisiana Federal Credit Union |
| Mar 1, 2011 | Sweetheart Cup Federal Credit Union | South Division Credit Union |
| Mar 1, 2011 | First National Bank | Homestead Bank |
| Mar 1, 2011 | FNS Inc. | C.S.B. Co. |
| Mar 1, 2011 | First Ipswich Bancorp | Brookline Bancorp, Inc. |
| Mar 1, 2011 | Wachovia Holdings, Inc. | Wells Fargo Bank, N.A. |
| Feb 19, 2011 | Bay-Hermann-Berger Bank | The Missouri Bank |
| Feb 19, 2011 | Saint James Parish School Employees Federal Credit Union | Jefferson Financial Federal Credit Union |
| Feb 18, 2011 | Ijl 2004, LLC | Wells Fargo & Company |
| Feb 14, 2011 | El Campo Bancshares of Nevada, Inc. | El Campo Bancshares, Inc. |
| Feb 12, 2011 | First Security Bank - Evansville | First Security Bank - Sleepy Eye |
| Feb 12, 2011 | Loveland Bank of Commerce | Verus Bank of Commerce |
| Feb 12, 2011 | Larimer Bank of Commerce | Verus Bank of Commerce |
| Feb 12, 2011 | American State Bank | Peoples Bank |
| Feb 5, 2011 | Chester National Bank of Missouri | Chester National Bank |
| Feb 1, 2011 | Motion Picture Federal Credit Union | Musicians' Interguild Credit Union |
| Feb 1, 2011 | Starenergy Credit Union | Chevron Federal Credit Union |
| Feb 1, 2011 | Elgin City Employees Credit Union | Credit Union 1 |
| Feb 1, 2011 | Charter Alliance Bank | Charter Bank |
| Feb 1, 2011 | American Premier Bank | First General Bank |
| Jan 31, 2011 | American Bell Federal Credit Union | Aneca Federal Credit Union |
| Jan 31, 2011 | A-B Credit Union | Heritage Credit Union |
| Jan 29, 2011 | Northern States Employees Credit Union | Governmental Employees Credit Union |
| Jan 29, 2011 | Continental Federal Credit Union | Alliant Credit Union |
| Jan 28, 2011 | Shiloh Baptist Church Federal Credit Union | Neighbors Federal Credit Union |
| Jan 26, 2011 | FNB Company of Delaware, L.L.C. | FNB Company |
| Jan 24, 2011 | Bank of Tucson | Bank of Tucson |
| Jan 22, 2011 | The First National Bank of La Follette | Community Trust Bank, Inc. |
| Jan 18, 2011 | Central Bank, FSB | Central Bank & Trust Company |
| Jan 15, 2011 | The Bank of Quapaw | The Baxter State Bank |
| Jan 15, 2011 | Nine Tribes Bancshares, Inc. | Baxter Bancshares, Inc. |
| Jan 13, 2011 | Olney Bancorp of Delaware, Inc. | Olney Bancshares of Texas, Inc. |
| Jan 11, 2011 | True North Financial Services, Inc. | Mountainone Bank |
| Jan 11, 2011 | Providers Employees Federal Credit Union | Empower Federal Credit Union |
| Jan 8, 2011 | Ironstone Bank | First-Citizens Bank & Trust Company |
| Jan 3, 2011 | Alcan Employees Credit Union | Louisville Metro Police Officers Credit Union |
| Jan 1, 2011 | Ufcw #916 Federal Credit Union | Members 1st Credit Union |
| Jan 1, 2011 | Home Town Community Credit Union | Bayport Federal Credit Union |
| Jan 1, 2011 | Alamosa Credit Union | Mountain River Credit Union |
| Jan 1, 2011 | The Felton Bank | Shore United Bank, N.A. |
| Jan 1, 2011 | Monroe Bank | Old National Bank |
| Jan 1, 2011 | Community Bank & Trust Company | First National Bank of Pennsylvania |
| Jan 1, 2011 | Bank of Fall River, a Co-operative Bank | BayCoast Bank |
| Jan 1, 2011 | St. Margarets Credit Union | Together Credit Union |
| Jan 1, 2011 | Cypress West Federal Credit Union | Skyone Federal Credit Union |
| Jan 1, 2011 | PNC Multifamily Mortgage LLC | PNC Bank, N.A. |
| Jan 1, 2011 | Bank of Kansas City, National Association | BOKF, N.A. |
| Jan 1, 2011 | Santander International Bank of Puerto Rico, Inc. | Banco Santander Puerto Rico |
| Jan 1, 2011 | American Community Bancorp, Inc. | German American Bancorp, Inc. |
The list holds 500 of the 547 mergers recorded for 2011.
Enforcement Actions in 2011
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Oct 20, 2011 Released Oct 25, 2011 | FRB | Border Capital Group, Inc. | Written Agreement: Border Capital Group, Inc., McAllen, Texas |
| Oct 17, 2011 | OCC | Saddle River Valley Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Saddle River Valley Bank |
| Oct 17, 2011 Released Nov 3, 2011 | FRB | Huntington Bancshares Incorporated | Written Agreement: Huntington Bancshares, Inc., Huntington, Texas |
| Oct 13, 2011 | FRB | Barclays Bank of New York, National Association | Section 19 Letters: Humza Zaman |
| Oct 12, 2011 | OCC | Western National Bank | Prompt Corrective Action (PCA) Directive: Western National Bank |
| Oct 11, 2011 | OCC | The National Bank of Harvey | Formal Agreement: The National Bank of Harvey |
| Oct 11, 2011 Released Oct 13, 2011 | FRB | Anchor Commercial Bank | Prompt Corrective Action: Anchor Commercial Bank, Juno Beach, Florida |
| Oct 5, 2011 | OCC | The Savannah Bank, National Association | Formal Agreement: The Savannah Bank National Association |
| Sep 29, 2011 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Tallman, Jarrod W. |
| Sep 27, 2011 Released Sep 28, 2011 | FRB | First Pryority Bank | Prohibition from Banking: Max Grunhof |
| Sep 27, 2011 | OCC | First National Bank of Pasco | Formal Agreement: First National Bank of Pasco |
| Sep 26, 2011 Released Oct 4, 2011 | FRB | Tennessee Valley Financial Holdings, Inc. | Written Agreement: Tennessee Valley Financial Holdings, Inc., Oak Ridge, Tennessee |
| Sep 26, 2011 | OCC | T Bank, N.A. | Notice of Charges: Adams, Patrick |
| Sep 26, 2011 | FRB | Suntrust Bank | Section 19 Letters: Jason Fox |
| Sep 21, 2011 Released Oct 18, 2011 | FRB | (individual) | Written Agreement: Porter Bancorp, Inc., Louisville, Kentucky |
| Sep 20, 2011 | OCC | Citizens First National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Citizens First National Bank |
| Sep 20, 2011 | OCC | First Trust Bank of Illinois | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of Illinois |
| Sep 19, 2011 Released Sep 22, 2011 | FRB | SWNB Bancorp, Inc. | Written Agreement: SWNB Bancorp, Inc., Houston, Texas |
| Sep 16, 2011 | OCC | First Federal Community Bank, SSB | Formal Agreement: First Federal Community Bank |
| Sep 16, 2011 | OCC | Landmark Financial Holding Company | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Landmark Bank, National Association |
| Sep 15, 2011 | OCC | Stephens Federal Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Stephens Federal Bank |
| Sep 15, 2011 | OCC | The First National Bank of Mount Dora | Formal Agreement: The First National Bank of Mount Dora |
| Sep 2, 2011 Released Sep 6, 2011 | FRB | Community Pride Bank Corporation | Written Agreement: Community Pride Bank Corporation, Ham Lake, Minnesota |
| Sep 2, 2011 | OCC | JPMorgan Chase Bank, N.A. | Formal Agreement: JPMorgan Chase Bank, National Association |
| Sep 1, 2011 | FRB | Goldman Sachs Bank USA | Cease and Desist Order: The Goldman Sachs Group, Inc., New York, New York, Goldman … |
| Sep 1, 2011 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Lesko, Alexis A. |
| Sep 1, 2011 Released Sep 8, 2011 | FRB | Stonebridge Financial Corp. | Written Agreement: Stonebridge Financial Corp., West Chester, Pennsylvania |
| Aug 31, 2011 | FRB | (individual) | Section 19 Letters: Angela Feeley |
| Aug 31, 2011 | OCC | The Exchange National Bank of Cottonwood Falls | Formal Agreement: The Exchange National Bank of Cottonwood Falls |
| Aug 31, 2011 Released Sep 6, 2011 | FRB | Arthur Financial Corporation | Written Agreement: JCO Ventures, LLC, Union, JCO Partners, L.P., JCO Partners II, L.P., HAO … |
| Aug 30, 2011 | OCC | First Bank of Arizona, N.A. | Prohibition/Removal Orders: Lamb, Raymond A. |
| Aug 30, 2011 | OCC | First Bank of Arizona, N.A. | C&D or PC&D Requiring Restitution: Lamb, R. Patrick |
| Aug 30, 2011 | OCC | First Bank of Arizona, N.A. | C&D or PC&D Requiring Restitution: Lamb, Raymond A. |
| Aug 30, 2011 | OCC | First Bank of Arizona, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Lamb, R. Patrick |
| Aug 30, 2011 | OCC | First Bank of Arizona, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Lamb, Raymond A. |
| Aug 30, 2011 | OCC | First Bank of Arizona, N.A. | Civil Money Penalty (CMP): Lamb, R. Patrick |
| Aug 30, 2011 | OCC | First Bank of Arizona, N.A. | Civil Money Penalty (CMP): Lamb, Raymond A. |
| Aug 30, 2011 | OCC | First Bank of Arizona, N.A. | Prohibition/Removal Orders: Lamb, R. Patrick |
| Aug 30, 2011 | FRB | Regions Bank | Section 19 Letters: Patsy Wilkerson |
| Aug 29, 2011 Released Sep 13, 2011 | FRB | (individual) | Written Agreement: Pinnacle Bank Holding Company, Inc., Orange City, Florida |
| Aug 29, 2011 | OCC | The First National Bank of Wahoo | Formal Agreement: First National Bank of Wahoo |
| Aug 26, 2011 Released Sep 1, 2011 | FRB | (individual) | Civil Money Penalty, $7,130: Community State Bank, Poteau, Oklahoma |
| Aug 26, 2011 Released Sep 1, 2011 | FRB | Whitaker Bank, Inc | Civil Money Penalty, $8,500: Whitaker Bank, Lexington, Kentucky |
| Aug 26, 2011 Released Sep 1, 2011 | FRB | Bank of the Carolinas Corporation | Written Agreement: Bank of the Carolinas Corporation, Mocksville, North Carolina |
| Aug 25, 2011 | OCC | Calusa National Bank | Formal Agreement: Calusa National Bank |
| Aug 24, 2011 Released Sep 1, 2011 | FRB | (individual) | Written Agreement: Pacific Commerce Bank, Los Angeles, California |
| Aug 23, 2011 Released Aug 30, 2011 | FRB | CB Holding Corp. | Written Agreement: CB Holding Corp., Aledo, Illinois |
| Aug 19, 2011 Released Aug 25, 2011 | FRB | Flagship Financial Group, Inc. | Written Agreement: Flagship Financial Group, Inc., Eden Prairie, Minnesota |
| Aug 18, 2011 | FRB | (individual) | Section 19 Letters: Wanda Florio |
| Aug 18, 2011 | OCC | Union National Bank of Franklinville | Civil Money Penalty (CMP): The National Union Bank of Kinderhook |
Browse adjacent years: 2010 · 2012
Or jump to a category: Failures · Mergers · Enforcement · Assistance