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 |
|---|---|---|
| Dec 16, 2011 | Western National Bank | $162.9M |
| Dec 16, 2011 | Premier Community Bank of the Emerald Coast | $126.0M |
| Nov 18, 2011 | Central Progressive Bank | $383.1M |
| Nov 18, 2011 | Polk County Bank | $91.6M |
| Nov 10, 2011 | Community Bank of Rockmart | $62.4M |
| Nov 4, 2011 | Sunfirst Bank | $198.1M |
| Nov 4, 2011 | Mid City Bank, Inc. | $106.1M |
| Oct 28, 2011 | All American Bank | $34.8M |
| Oct 21, 2011 | Community Banks of Colorado | $1.28B |
| Oct 21, 2011 | Old Harbor Bank | $209.0M |
| Oct 21, 2011 | Decatur First Bank | $184.8M |
| Oct 21, 2011 | Community Capital Bank | $165.3M |
| Oct 14, 2011 | Piedmont Community Bank | $199.0M |
| Oct 14, 2011 | Country Bank | $195.0M |
| Oct 14, 2011 | First State Bank | $191.9M |
| Oct 14, 2011 | Blue Ridge Savings Bank, Inc. | $161.4M |
| Oct 7, 2011 | The Riverbank | $419.7M |
| Oct 7, 2011 | Sun Security Bank | $351.5M |
| Sep 30, 2011 | First International Bank | $239.9M |
| Sep 23, 2011 | Bank of the Commonwealth | $985.1M |
| Sep 23, 2011 | Citizens Bank of Northern California | $288.8M |
| Sep 9, 2011 | The First National Bank of Florida | $296.8M |
| Sep 2, 2011 | Patriot Bank of Georgia | $150.8M |
| Sep 2, 2011 | Creekside Bank | $102.3M |
| Aug 19, 2011 | Lydian Private Bank | $1.70B |
| Aug 19, 2011 | First Southern National Bank | $164.6M |
| Aug 19, 2011 | First Choice Bank | $141.0M |
| Aug 18, 2011 | Public Savings Bank | $46.8M |
| Aug 12, 2011 | The First National Bank of Olathe | $538.1M |
| Aug 5, 2011 | Bank of Whitman | $548.6M |
| Aug 5, 2011 | Bank of Shorewood | $110.7M |
| Jul 29, 2011 | Integra Bank N.A. | $1.99B |
| Jul 29, 2011 | Bankmeridian, N.A. | $232.6M |
| Jul 29, 2011 | Virginia Business Bank | $83.5M |
| Jul 22, 2011 | Bank of Choice | $954.1M |
| Jul 22, 2011 | Landmark Bank of Florida | $266.5M |
| Jul 22, 2011 | Southshore Community Bank | $41.3M |
| Jul 15, 2011 | First Peoples Bank | $225.0M |
| Jul 15, 2011 | High Trust Bank | $180.3M |
| Jul 15, 2011 | One Georgia Bank | $177.7M |
| Jul 15, 2011 | Summit Bank | $73.1M |
| Jul 8, 2011 | First Chicago Bank & Trust | $896.9M |
| Jul 8, 2011 | Colorado Capital Bank | $665.8M |
| Jul 8, 2011 | Signature Bank | $62.5M |
| Jun 24, 2011 | Mountain Heritage Bank | $103.7M |
| Jun 17, 2011 | McIntosh State Bank | $339.9M |
| Jun 17, 2011 | First Commercial Bank of Tampa Bay | $98.6M |
| Jun 3, 2011 | Atlantic Bank and Trust | $208.2M |
| May 27, 2011 | First Heritage Bank | $173.5M |
| May 20, 2011 | Atlantic Southern Bank | $741.9M |
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 |
|---|---|---|---|
| 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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