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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
Oct 25, 2011 Austin Delaware Financial Corporation DE Austin Colony, Inc.
Oct 25, 2011 Dalhart Delaware Financial Corporation DE First Dalhart Bancshares, Inc.
Oct 24, 2011 F & M Bank, National Association, Oklahoma City, Oklahoma OK F&M Bank
Oct 22, 2011 Skylands Community Bank NJ Fulton Bank of New Jersey
Oct 22, 2011 Santa Lucia Bank CA Mission Community Bank
Oct 21, 2011 The Okemah National Bank OK BancFirst
Oct 19, 2011 Global Trust Bank CA United Business Bank
Oct 15, 2011 Security State Bank of Howard Lake MN Citizens Alliance Bank
Oct 15, 2011 Charter Bank NM WaFd Bank
Oct 15, 2011 Allegiance Community Bank NJ BCB Community Bank
Oct 14, 2011 Custodial Trust Company NJ JPMorgan Chase Bank, N.A.
Oct 13, 2011 Fullerton Federal Savings Association MD Fairmount Bank
Oct 8, 2011 Security State Bank ND Starion Bank
Oct 6, 2011 Northstar Delaware Financial Corporation DE Northstar Financial Corporation
Oct 6, 2011 First State Bank NE Cornerstone Bank
Oct 3, 2011 Signet Student Loan Corporation VA Wells Fargo & Company
Oct 3, 2011 Methode Federal Credit Union IL Encurage Financial Network
Oct 3, 2011 Greensburg Community Federal Credit Union PA Pheple Federal Credit Union
Oct 1, 2011 Michigan Service Credit Union MI American 1 Credit Union
Oct 1, 2011 Abington Bancorp, Inc PA Susquehanna Bancshares, Inc.
Oct 1, 2011 South Louisiana Business Bank LA Investar Bank, N.A.
Oct 1, 2011 FirstBank - St. Johns MI FirstBank - Alma
Oct 1, 2011 JD Financial Group, Inc. IL American Bancorp of Illinois, Inc.
Oct 1, 2011 Doral Bank, FSB NY Doral Bank
Oct 1, 2011 Northern Trust Bank, Federal Savings Bank MI The Northern Trust Company
Oct 1, 2011 Palmetto Capital, Inc. SC The Palmetto Bank
Oct 1, 2011 J.P. Morgan Investor Services Co. MA JPMorgan Chase Bank, N.A.
Oct 1, 2011 Kingsbury Bank Holding Company SD Leackco Bank Holding Company, Inc.
Oct 1, 2011 Arsebeco, Inc. NE Frontier Holdings, LLC
Oct 1, 2011 D & H Investments Corp. IA SSB Bancorp, Inc.
Oct 1, 2011 Chase Auto Finance Corp. NY JPMorgan Chase Bank, N.A.
Oct 1, 2011 Saint Nicholas Credit Union WI Kohler Credit Union
Oct 1, 2011 Minnesota Valley Credit Union MN Heartland Credit Union
Oct 1, 2011 North Jefferson County Catholic Credit Union MO Members 1st Credit Union
Oct 1, 2011 Eddy Employees Federal Credit Union MI Arbor Financial Credit Union
Oct 1, 2011 Nicolet Credit Union WI Ripco Credit Union
Oct 1, 2011 Pennsylvania Grange Federal Credit Union PA Service 1st Federal Credit Union
Oct 1, 2011 Interlakes Federal Credit Union SD Dakotaland Federal Credit Union
Oct 1, 2011 Stewart Credit Union TX Chevron Federal Credit Union
Oct 1, 2011 People's Priority Federal Credit Union NY Financial Trust Federal Credit Union
Oct 1, 2011 Valley Bank & Trust IA State Savings Bank
Oct 1, 2011 Saint Patrick Carleton Federal Credit Union MI Monroe Community Credit Union
Oct 1, 2011 Peninsula Methodist Federal Credit Union DE Dover Federal Credit Union
Oct 1, 2011 Tree Capital Credit Union FL Champions First Credit Union
Oct 1, 2011 Texas First Choice Federal Credit Union TX Prestige Community Credit Union
Oct 1, 2011 Northern Trust, National Association FL The Northern Trust Company
Oct 1, 2011 Federated Family Credit Union WI Great Lakes Credit Union
Oct 1, 2011 Peoples State Bank SD American Bank & Trust
Oct 1, 2011 Heart of the Lakes Credit Union MN Magnifi Financial Credit Union
Oct 1, 2011 Abington Savings Bank PA Susquehanna Bank

The list holds 500 of the 547 mergers recorded for 2011.

Enforcement Actions in 2011

Action date Agency Institution Action
Aug 18, 2011 OCC Lydian Private Bank Prompt Corrective Action (PCA) Directive: Lydian Private Bank
Aug 17, 2011
Released Aug 25, 2011		 FRB Texas Bancshares Inc Written Agreement: Texas Bancshares, Inc., Snyder, Texas
Aug 16, 2011 FRB Compass Bank Section 19 Letters: Haley Patterson
Aug 16, 2011 FRB Compass Bank Section 19 Letters: Johnathan Goods
Aug 15, 2011 OCC Beverly Bank & Trust Company, N.A. Civil Money Penalty (CMP): O'Malley, Dennis
Aug 15, 2011 OCC Colombo Bancshares, Inc. Civil Money Penalty (CMP): Wilson, Pamellia G.
Aug 15, 2011 OCC The La Coste National Bank Prohibition/Removal Orders: Gwyn, Jody P.
Aug 15, 2011
Released Sep 1, 2011		 FRB Lindell Bank & Trust Company Civil Money Penalty, $9,470: Lindell Bank and Trust Company, St. Louis, Missouri
Aug 15, 2011 OCC Colombo Bancshares, Inc. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wilson, Pamellia G.
Aug 11, 2011 OCC The First National Bank of Kemp Formal Agreement: The First National Bank of Kemp
Aug 10, 2011
Released Aug 16, 2011		 FRB Coastal Bankshares, Inc. Written Agreement: Coastal Bankshares, Inc., Savannah, Georgia
Aug 9, 2011 OCC Skyline National Bank Formal Agreement: Grayson National Bank
Aug 8, 2011
Released Aug 11, 2011		 FRB Bank of the Eastern Shore Prompt Corrective Action: Bank of the Eastern Shore, Cambridge, Maryland,
Aug 8, 2011 OCC PiBank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Intercredit Bank, National Association
Aug 4, 2011
Released Aug 11, 2011		 FRB Texas Coastal Bank Written Agreement: Texas Coastal Bank, Pasadena, Texas
Aug 3, 2011
Released Aug 9, 2011		 FRB Mesaba Bancshares, Inc. Written Agreement: Mesaba Bancshares, Inc., Grand Rapids, Minnesota
Aug 3, 2011 FRB Compass Bank Section 19 Letters: Shon Prejean
Aug 3, 2011 FRB Regions Bank Section 19 Letters: Paul Kevin King
Aug 1, 2011 OCC NBT Bank, N.A. Prohibition/Removal Orders: Mathein, Laura
Jul 27, 2011
Released Aug 2, 2011		 FRB Suburban Illinois Bancorp, Inc. Written Agreement: Suburban Illinois Bancorp, Inc., Elmhurst, Illinois
Jul 26, 2011
Released Jul 27, 2011		 FRB The Royal Bank of Scotland, N.V. Cease and Desist Order: The Royal Bank of Scotland Group plc, Edinburgh, Scotland; The …
Jul 26, 2011
Released Sep 21, 2017		 FRB The First Bank of Baldwin Written Agreement: The First Bank of Baldwin, Baldwin, Wisconsin
Jul 25, 2011
Released Jul 28, 2011		 FRB Naples Bancorp, Inc. Written Agreement: Naples Bancorp, Inc., Naples, Florida
Jul 25, 2011
Released Jul 28, 2011		 FRB Plumas Bancorp Written Agreement: Plumas Bancorp, Quincy, California
Jul 22, 2011
Released Jul 28, 2011		 FRB Old Second Bancorp, Inc. Written Agreement: Old Second Bancorp, Inc., Aurora, Illinois
Jul 22, 2011
Released Jul 28, 2011		 FRB Bankwest Financial, Inc. Written Agreement: BANKWEST Financial, Inc., Rockford, Minnesota
Jul 20, 2011 FRB Wells Fargo & Company Cease and Desist Order: Wells Fargo & Company, San Francisco, California and Wells Fargo …
Jul 20, 2011 FRB (individual) Civil Money Penalty,$85,000,000: Wells Fargo & Company, San Francisco, California Wells Fargo Financial, Inc., …
Jul 20, 2011 OCC Fidelity Bank Formal Agreement: Fidelity National Bank
Jul 18, 2011 OCC Wells Fargo Bank, N.A. Prohibition/Removal Orders: McCrea, Andrea
Jul 18, 2011 OCC_OTS Frontier Bank Amended Orders to Cease and Desist: Frontier Bank
Jul 18, 2011 OCC Northern Trust, National Association Prohibition/Removal Orders: Nieto, Silvia Angelico
Jul 18, 2011 OCC Frontier Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Frontier Bank
Jul 15, 2011
Released Jul 21, 2011		 FRB West Pointe Bancshares, Inc. Written Agreement: West Pointe Bancshares, Inc., Oshkosh, Wisconsin
Jul 15, 2011 OCC MetaBank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Metabank
Jul 15, 2011 OCC_OTS Columbia Savings and Loan Association Cease and Desist: Columbia Savings and Loan Association
Jul 15, 2011 OCC_OTS (individual) Cease and Desist: Meta Financial Group, Inc.
Jul 15, 2011 OCC_OTS MetaBank Cease and Desist: MetaBank
Jul 15, 2011 OCC_OTS MetaBank Civil Money Penalty: MetaBank
Jul 14, 2011 OCC Liberty Bank, F.S.B. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Liberty Bank, FSB
Jul 14, 2011
Released Aug 9, 2011		 FRB Reliance Bancshares, Inc. Written Agreement: Reliance Bancshares, Inc., Des Peres, Missouri
Jul 14, 2011 OCC_OTS Liberty Trust & Savings Bank Cease and Desist: Liberty Bank, FSB
Jul 14, 2011 OCC_OTS Liberty Banshares Iowa, Inc. Cease and Desist: Liberty Banshares Iowa, Inc.
Jul 13, 2011 OCC_OTS First Place Financial Corp. Cease and Desist: First Place Bank
Jul 13, 2011 OCC_OTS First Place Financial Corp. Cease and Desist: First Place Financial Corp
Jul 13, 2011 OCC_OTS State Farm Bank, FSB Orders of Removal/Prohibition: Kortnie Thomas
Jul 12, 2011
Released Jul 19, 2011		 FRB Jones Bancshares, L.P. Written Agreement: Jones Bancshares, L.P. and PrimeSouth Bancshares, Inc., both of Waycross, Georgia
Jul 11, 2011 OCC_OTS Gibraltar Bank Termination of Supervisory Agreement: Gibraltar Bank
Jul 7, 2011
Released Jul 12, 2011		 FRB Greer Bancshares Incorporated Written Agreement: Greer Bancshares Incorporated, Greer, South Carolina
Jul 7, 2011
Released Jul 14, 2011		 FRB First Sentinel Bank Civil Money Penalty, $7,315: First Sentinel Bank, Richlands, Virginia

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