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 |
|---|---|---|
| Nov 30, 2011 | Newton County Loan & Savings, FSB | Bank of Wolcott |
| Nov 30, 2011 | Bank of Westminster | Community First Bank, Inc. |
| Nov 21, 2011 | New Albany Schools Credit Union | Everwise Credit Union |
| Nov 20, 2011 | AmericaUnited Bank and Trust Company USA | American Midwest Bank |
| Nov 19, 2011 | N K P Buffalo Division Federal Credit Union | Tri State Rail Federal Credit Union |
| Nov 19, 2011 | FirstBank Data Corporation | FirstBank |
| Nov 17, 2011 | Coronado First Bank | CalPrivate Bank |
| Nov 17, 2011 | El Campo Bancshares, Inc. | Commercial Bancshares, Inc. |
| Nov 15, 2011 | Samp Scranton Federal Credit Union | Cross Valley Federal Credit Union |
| Nov 15, 2011 | M H I Credit Union | Community 1st Credit Union |
| Nov 14, 2011 | Eagle Rock Credit Union | 1st Gateway Credit Union |
| Nov 11, 2011 | (unnamed) | Cadence Bank, N.A. |
| Nov 11, 2011 | Ucf Federal Credit Union | Addition Financial Credit Union |
| Nov 11, 2011 | Secure Credit Union | Metro Credit Union |
| Nov 7, 2011 | Hillcrest Bank, National Association | NBH Bank |
| Nov 7, 2011 | Farmers State Investment Co. | Farmers State Bancshares, Inc. |
| Nov 5, 2011 | First State Bank of Dix | Community First Bank of the Heartland |
| Nov 5, 2011 | Bridgeport Fire Department Employees Federal Credit Union | General Electric Employees Federal Credit Union |
| Nov 4, 2011 | Citizens Bank & Trust Company | Bonvenu Bank, N.A. |
| Nov 4, 2011 | First Financial Bankshares of Delaware, Inc. | First Financial Bankshares, Inc. |
| Nov 2, 2011 | Double Eleven Credit Union | Everwise Credit Union |
| Nov 2, 2011 | Nebraska National Bank | Exchange Bank |
| Nov 1, 2011 | R.C.H. Federal Credit Union | Dirigo Federal Credit Union |
| Nov 1, 2011 | Fifth Street Baptist Church Federal Credit Union | Virginia Federal Credit Union |
| Nov 1, 2011 | Peoples Choice Credit Union | Leaders Credit Union |
| Nov 1, 2011 | 1st Alliance Federal Credit Union | Atlantic Financial Federal Credit Union |
| Nov 1, 2011 | Synergy One Federal Credit Union | Apple Federal Credit Union |
| Nov 1, 2011 | Federal Trust Corporation | Centerstate Bank Corporation |
| Nov 1, 2011 | Crossfirst Bank Leawood | CrossFirst Bank |
| Nov 1, 2011 | Gethsemane Baptist Church Federal Credit Union | Democracy Federal Credit Union |
| Nov 1, 2011 | Community Capital Corporation | Park Sterling Corporation |
| Nov 1, 2011 | Federal Trust Bank | SouthState Bank, N.A. |
| Nov 1, 2011 | Glove Workers Federal Credit Union | First Neshoba Federal Credit Union |
| Nov 1, 2011 | Birmingham News Employees Credit Union | Alabama One Credit Union |
| Nov 1, 2011 | First Dakota Federal Credit Union | Bluestone Federal Credit Union |
| Nov 1, 2011 | Ray Cooperative Credit Union | Western Cooperative Credit Union |
| Nov 1, 2011 | Salem County New Jersey Federal Employees Federal Credit Union | Deepwater Industries Federal Credit Union |
| Nov 1, 2011 | Saint Joseph Valley Community Federal Credit Union | Kellogg Community Credit Union |
| Oct 31, 2011 | Brook Park Municipal Employees Federal Credit Union | Steel Valley Federal Credit Union |
| Oct 31, 2011 | Lasalle County School Employees Credit Union | Financial Plus Credit Union |
| Oct 31, 2011 | Fullerton Community Bank, FSB | Opus Bank |
| Oct 31, 2011 | Rhawnhurst Federal Credit Union | Servco Federal Credit Union |
| Oct 29, 2011 | First State Bank | Texas Bank and Trust Company |
| Oct 29, 2011 | The Bank of Texas Bancshares, Inc. | Security Star Bancshares, Inc. |
| Oct 29, 2011 | United Kentucky Bank of Pendleton County, Inc. | The Bank of Kentucky, Inc. |
| Oct 29, 2011 | Scandia American Bank & Trust | Bravera Bank |
| Oct 29, 2011 | Ibew Richmond Va Local 666 Federal Credit Union | Hopewell Chemical Federal Credit Union |
| Oct 29, 2011 | Rock County Employees Credit Union | First Community Credit Union of Beloit |
| Oct 29, 2011 | The Bank of Texas | Security Bank |
| Oct 27, 2011 | Bank of Las Colinas | Veritex Community Bank |
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 |
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