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 |
|---|---|---|---|
| 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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