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	HQ	Assets	Acquirer or resolution
May 20, 2011	First Georgia Banking Company	Franklin, GA	$731.0M	Certus Bank, N.A.
May 20, 2011	Summit Bank	Burlington, WA	$142.7M	Columbia State Bank
May 6, 2011	Coastal Bank	Cocoa Beach, FL	$129.4M	Premier American Bank, N.A.
Apr 29, 2011	The Park Avenue Bank	Valdosta, GA	$849.4M	Bank of the Ozarks
Apr 29, 2011	Community Central Bank	Mount Clemens, MI	$451.7M	Talmer Bank and Trust
Apr 29, 2011	First National Bank of Central Florida	Winter Park, FL	$342.1M	Premier American Bank, N.A.
Apr 29, 2011	First Choice Community Bank	Dallas, GA	$291.2M	Bank of the Ozarks
Apr 29, 2011	Cortez Community Bank	Brooksville, FL	$66.3M	Premier American Bank, N.A.
Apr 15, 2011	Superior Bank	Birmingham, AL	$2.98B	Superior Bank, N.A.
Apr 15, 2011	Nexity Bank	Birmingham, AL	$757.6M	Alostar Bank of Commerce
Apr 15, 2011	Bartow County Bank	Cartersville, GA	$314.0M	Hamilton State Bank
Apr 15, 2011	Heritage Banking Group	Carthage, MS	$228.3M	Trustmark National Bank
Apr 15, 2011	New Horizons Bank	East Ellijay, GA	$103.1M	Citizens South Bank
Apr 15, 2011	Rosemount National Bank	Rosemount, MN	$21.5M	Central Bank
Apr 8, 2011	Western Springs National Bank and Trust	Western Springs, IL	$186.7M	Heartland Bank and Trust Company
Apr 8, 2011	Nevada Commerce Bank	Las Vegas, NV	$135.1M	City National Bank
Mar 25, 2011	The Bank of Commerce	Wood Dale, IL	$163.1M	Advantage National Bank
Mar 11, 2011	Legacy Bank	Milwaukee, WI	$190.4M	Seaway Bank and Trust Company
Mar 11, 2011	The First National Bank of Davis	Davis, OK	$90.2M	The Pauls Valley Natiional Bank
Feb 25, 2011	Valley Community Bank	St. Charles, IL	$123.8M	First State Bank
Feb 18, 2011	Habersham Bank	Clarkesville, GA	$387.7M	SCBT N.A.
Feb 18, 2011	San Luis Trust Bank, FSB	San Luis Obispo, CA	$332.6M	First California Bank
Feb 18, 2011	Citizens Bank of Effingham	Springfield, GA	$214.3M	Heritage Bank of the South
Feb 18, 2011	Charter Oak Bank	Napa, CA	$120.8M	Bank of Marin
Feb 11, 2011	Peoples State Bank	Hamtramck, MI	$390.5M	First Michigan Bank
Feb 11, 2011	Canyon National Bank	Palm Springs, CA	$210.9M	Pacific Premier Bank
Feb 11, 2011	Sunshine State Community Bank	Port Orange, FL	$125.5M	Premier American Bank, N.A.
Feb 11, 2011	Badger State Bank	Cassville, WI	$83.8M	Royal Bank
Feb 4, 2011	American Trust Bank	Roswell, GA	$238.2M	Renasant Bank
Feb 4, 2011	North Georgia Bank	Watkinsville, GA	$153.2M	Banksouth
Feb 4, 2011	Community First Bank - Chicago	Chicago, IL	$51.1M	Northbrook Bank and Trust Company
Jan 28, 2011	First Community Bank	Taos, NM	$2.19B	U.S. Bank, N.A.
Jan 28, 2011	Firstier Bank	Louisville, CO	$764.1M	—
Jan 28, 2011	Evergreen State Bank	Stoughton, WI	$240.9M	McFarland State Bank
Jan 28, 2011	The First State Bank	Camargo, OK	$44.5M	Bank 7
Jan 21, 2011	United Western Bank	Denver, CO	$2.15B	First-Citizens Bank and Trust Company
Jan 21, 2011	Communitysouth Bank and Trust	Easley, SC	$341.0M	Certus Bank, N.A.
Jan 21, 2011	The Bank of Asheville	Asheville, NC	$204.9M	First Bank
Jan 21, 2011	Enterprise Banking Company	McDonough, GA	$99.5M	—
Jan 14, 2011	Oglethorpe Bank	Brunswick, GA	$211.1M	Bank of the Ozarks
Jan 7, 2011	First Commercial Bank of Florida	Orlando, FL	$578.6M	First Southern Bank
Jan 7, 2011	Legacy Bank	Scottsdale, AZ	$136.4M	Enterprise Bank & Trust

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

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