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.

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
Dec 16, 2011	Western National Bank	Phoenix, AZ	$162.9M	Washington Federal
Dec 16, 2011	Premier Community Bank of the Emerald Coast	Crestview, FL	$126.0M	Summit Bank, N.A.
Nov 18, 2011	Central Progressive Bank	Lacombe, LA	$383.1M	First NBC Bank
Nov 18, 2011	Polk County Bank	Johnston, IA	$91.6M	Grinnell State Bank
Nov 10, 2011	Community Bank of Rockmart	Rockmart, GA	$62.4M	Century Bank of Georgia
Nov 4, 2011	Sunfirst Bank	Saint George, UT	$198.1M	Cache Valley Bank
Nov 4, 2011	Mid City Bank, Inc.	Omaha, NE	$106.1M	Purdum State Bank
Oct 28, 2011	All American Bank	Des Plaines, IL	$34.8M	International Bank of Chicago
Oct 21, 2011	Community Banks of Colorado	Greenwood Village, CO	$1.28B	Bank Midwest, N.A.
Oct 21, 2011	Old Harbor Bank	Clearwater, FL	$209.0M	1st United Bank
Oct 21, 2011	Decatur First Bank	Decatur, GA	$184.8M	Fidelity Bank
Oct 21, 2011	Community Capital Bank	Jonesboro, GA	$165.3M	State Bank and Trust Company
Oct 14, 2011	Piedmont Community Bank	Gray, GA	$199.0M	State Bank and Trust Company
Oct 14, 2011	Country Bank	Aledo, IL	$195.0M	Blackhawk Bank & Trust
Oct 14, 2011	First State Bank	Cranford, NJ	$191.9M	Northfield Bank
Oct 14, 2011	Blue Ridge Savings Bank, Inc.	Asheville, NC	$161.4M	Bank of North Carolina
Oct 7, 2011	The Riverbank	Wyoming, MN	$419.7M	Central Bank
Oct 7, 2011	Sun Security Bank	Ellington, MO	$351.5M	Great Southern Bank
Sep 30, 2011	First International Bank	Plano, TX	$239.9M	American First National Bank
Sep 23, 2011	Bank of the Commonwealth	Norfolk, VA	$985.1M	Southern Bank and Trust Company
Sep 23, 2011	Citizens Bank of Northern California	Nevada City, CA	$288.8M	Tri Counties Bank
Sep 9, 2011	The First National Bank of Florida	Milton, FL	$296.8M	Charterbank
Sep 2, 2011	Patriot Bank of Georgia	Cumming, GA	$150.8M	Georgia Commerce Bank
Sep 2, 2011	Creekside Bank	Woodstock, GA	$102.3M	Georgia Commerce Bank
Aug 19, 2011	Lydian Private Bank	Palm Beach, FL	$1.70B	Sabadell United Bank, N.A.
Aug 19, 2011	First Southern National Bank	Statesboro, GA	$164.6M	Heritage Bank of the South
Aug 19, 2011	First Choice Bank	Geneva, IL	$141.0M	Inland Bank & Trust
Aug 18, 2011	Public Savings Bank	Huntingdon Valley, PA	$46.8M	Capital Bank, N.A.
Aug 12, 2011	The First National Bank of Olathe	Olathe, KS	$538.1M	Enterprise Bank & Trust
Aug 5, 2011	Bank of Whitman	Colfax, WA	$548.6M	Columbia State Bank
Aug 5, 2011	Bank of Shorewood	Shorewood, IL	$110.7M	Heartland Bank and Trust Company
Jul 29, 2011	Integra Bank N.A.	Evansville, IN	$1.99B	Old National Bank
Jul 29, 2011	Bankmeridian, N.A.	Columbia, SC	$232.6M	SCBT N.A.
Jul 29, 2011	Virginia Business Bank	Richmond, VA	$83.5M	Xenith Bank
Jul 22, 2011	Bank of Choice	Greeley, CO	$954.1M	Bank Midwest, N.A.
Jul 22, 2011	Landmark Bank of Florida	Sarasota, FL	$266.5M	American Momentum Bank
Jul 22, 2011	Southshore Community Bank	Apollo Beach, FL	$41.3M	American Momentum Bank
Jul 15, 2011	First Peoples Bank	Port Saint Lucie, FL	$225.0M	Premier American Bank, N.A.
Jul 15, 2011	High Trust Bank	Stockbridge, GA	$180.3M	Ameris Bank
Jul 15, 2011	One Georgia Bank	Atlanta, GA	$177.7M	Ameris Bank
Jul 15, 2011	Summit Bank	Prescott, AZ	$73.1M	The Foothills Bank
Jul 8, 2011	First Chicago Bank & Trust	Chicago, IL	$896.9M	Northbrook Bank and Trust Company
Jul 8, 2011	Colorado Capital Bank	Castle Rock, CO	$665.8M	First-Citizens Bank & Trust Company
Jul 8, 2011	Signature Bank	Windsor, CO	$62.5M	Points West Community Bank
Jun 24, 2011	Mountain Heritage Bank	Clayton, GA	$103.7M	First American Bank and Trust Company
Jun 17, 2011	McIntosh State Bank	Jackson, GA	$339.9M	Hamilton State Bank
Jun 17, 2011	First Commercial Bank of Tampa Bay	Tampa, FL	$98.6M	Stonegate Bank
Jun 3, 2011	Atlantic Bank and Trust	Charleston, SC	$208.2M	First Citizens Bank and Trust Company, Inc.
May 27, 2011	First Heritage Bank	Snohomish, WA	$173.5M	Columbia State Bank
May 20, 2011	Atlantic Southern Bank	Macon, GA	$741.9M	Certus Bank, N.A.

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
Dec 31, 2011	Amarillo Delaware Bancorp, Inc.	DE	Amarillo National Bancorp, Inc.
Dec 31, 2011	Nebraska Bankers' Bank	NE	Midwest Independent Bankersbank
Dec 31, 2011	Aliant Bank	AL	USAmeriBank
Dec 31, 2011	The Thrift Credit Union	GA	Georgia's Own Credit Union
Dec 31, 2011	U.S. Bancorp Equipment Finance, Inc.	OR	U.S. Bank N.A.
Dec 31, 2011	Luling Delaware Financial Corporation	DE	Luling Bancshares, Inc.
Dec 31, 2011	Freestar Bank, National Association	IL	First Financial Bank, N.A.
Dec 31, 2011	State Bank of Lucan	MN	First Independent Bank
Dec 31, 2011	South Bergen Federal Credit Union	NJ	North Jersey Federal Credit Union
Dec 31, 2011	Citizens Community Credit Union	IL	Illinois Community Credit Union
Dec 31, 2011	Turtle Creek Federal Credit Union	SD	Dakotaland Federal Credit Union
Dec 30, 2011	M&I Community Development Corporation	WI	BMO Bank N.A.
Dec 29, 2011	MSDW Credit Products Inc.	NY	Morgan Stanley
Dec 21, 2011	Guadalupe Federal Credit Union	CA	Premierone Credit Union
Dec 20, 2011	Spring Hill (Delaware), Inc.	DE	Spring Hill Holdings Corporation
Dec 17, 2011	Hedrick Savings Bank	IA	South Ottumwa Savings Bank
Dec 17, 2011	CenterBank of Jacksonville, National Association	FL	FirstAtlantic Bank
Dec 16, 2011	Bemis Federal Credit Union	WA	Lighthouse Community Credit Union
Dec 16, 2011	Diboll State Bancshares of Delaware, Inc.	DE	Diboll State Bancshares, Inc.
Dec 15, 2011	Nero Limited, LLC	MN	Wells Fargo & Company
Dec 14, 2011	Madco Postal Federal Credit Union	IL	1st Midamerica Credit Union
Dec 10, 2011	Heritage First Bank	AL	Townbridge Bank
Dec 10, 2011	Farmers State Bank of Fulton County	IL	Prairie State Bank & Trust
Dec 9, 2011	Baltimore Pipe Trades Federal Credit Union	MD	Point Breeze Credit Union
Dec 7, 2011	Boise Valley Credit Union	ID	Esa Credit Union
Dec 5, 2011	Southern Bank & Trust	SC	Georgia Bank & Trust Company of Augusta
Dec 3, 2011	First National Bank of Ivesdale	IL	State Bank of Bement
Dec 1, 2011	News & Observer Credit Union	NC	Summit Credit Union
Dec 1, 2011	Edwards Development Corporation	MO	Wells Fargo & Company
Dec 1, 2011	Center Financial Corporation	CA	Hope Bancorp, Inc.
Dec 1, 2011	Nara Bank	CA	Bank of Hope
Dec 1, 2011	CapitalBank	SC	Park Sterling Bank
Dec 1, 2011	Claver Federal Credit Union	LA	Tulane/Loyola Federal Credit Union
Dec 1, 2011	First Louisiana National Bank	LA	Midsouth Bank, N.A.
Dec 1, 2011	Delta County Teachers Credit Union	MI	U.P. State Credit Union
Dec 1, 2011	Metroplex Credit Union	TX	Resource One Credit Union
Dec 1, 2011	Fitchburg Federal Credit Union	MA	Webster First Federal Credit Union
Dec 1, 2011	Hamilton County School Employees Credit Union, Inc.	OH	Kemba Credit Union, Inc.
Dec 1, 2011	People's Credit Union of Abilene	TX	Abilene Teachers Federal Credit Union
Dec 1, 2011	San Jacinto Area Credit Union	TX	Texas Dow Employees Credit Union
Dec 1, 2011	Bluestone Federal Credit Union	MN	Associated Healthcare Credit Union
Dec 1, 2011	Paragon Federal Credit Union	NJ	Visions Federal Credit Union
Dec 1, 2011	Dyersburg Credit Union	TN	First South Financial Federal Credit Union
Dec 1, 2011	United Maryland Employees Federal Credit Union	MD	Destinations Credit Union
Dec 1, 2011	Target Corporation Credit Union	MN	Baxter Credit Union
Dec 1, 2011	N P T Employees Federal Credit Union	OR	Portland Local No. 8 Federal Credit Union
Dec 1, 2011	Florida Episcopal Dioceses Federal Credit Union	FL	Insight Credit Union
Nov 30, 2011	Bridge Street Awme Church Federal Credit Union	NY	Brooklyn Cooperative Federal Credit Union
Nov 30, 2011	Viking Financial Services Corporation	WA	Starbuck Bancshares, Inc.
Nov 30, 2011	Viking Bank	WA	AmericanWest Bank

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

Enforcement Actions in 2011

Action date	Agency	Institution	Action
Jul 7, 2011	OCC_OTS	The Trust Company of Virginia	Termination of Cease and Desist: The Trust Company of Virginia
Jul 7, 2011 Released Jul 12, 2011	FRB	First of Huron Corp.	Written Agreement: First of Huron Corp., Bad Axe, Michigan
Jul 6, 2011	OCC	Valley Capital Bank, N.A.	Notice of Charges: Stevenson, Kevin W.
Jul 6, 2011 Released Jul 7, 2011	FRB	JPMorgan Chase & Co.	Written Agreement: JPMorgan Chase & Co., New York, New York
Jul 6, 2011	OCC	Valley Capital Bank, N.A.	Notice of Charges: Ellsworth, Steven J.
Jul 6, 2011	OCC	JPMorgan Chase Bank, N.A.	Formal Agreement: JPMorgan Chase Bank, National Association
Jul 6, 2011	OCC	JPMorgan Chase Bank, N.A.	Civil Money Penalty (CMP): JPMorgan Chase Bank, National Association
Jul 6, 2011	OCC	JPMorgan Chase Bank, N.A.	C&D or PC&D Requiring Restitution: JPMorgan Chase Bank, National Association
Jul 5, 2011	OCC_OTS	McHenry Bancorp, Inc.	Civil Money Penalty: James R. Marinangel
Jul 5, 2011	OCC_OTS	McHenry Bancorp, Inc.	Civil Money Penalty: Kathleen E. Marinangel
Jul 5, 2011	OCC	City National Bank of West Virginia	Prohibition/Removal Orders: Scior, Susan
Jul 5, 2011	OCC	The First National Bank of Brundidge	Prohibition/Removal Orders: Kyzar, Raymond J.
Jul 5, 2011	OCC	The First National Bank of Brundidge	Civil Money Penalty (CMP): Kyzar, Raymond J.
Jul 1, 2011	OCC_OTS	Greeneville Federal Bank, F.S.B.	Cease and Desist: Greeneville Federal Bank, FSB
Jul 1, 2011 Released Jul 7, 2011	FRB	Bank of the Commonwealth	Prompt Corrective Action: Bank of the Commonwealth, Norfolk, Virginia
Jul 1, 2011	OCC	Greeneville Federal Bank, F.S.B.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Greeneville Federal Bank, FSB
Jul 1, 2011	OCC	Ripley Federal Savings Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Ripley Federal Savings Bank
Jul 1, 2011	OCC	American Eagle Savings Bank	Prompt Corrective Action (PCA) Directive: American Eagle Savings Bank
Jul 1, 2011	OCC_OTS	First Federal Savings and Loan Association of Olathe	Civil Money Penalty: John M. Bowen
Jul 1, 2011	OCC_OTS	First Federal Savings and Loan Association of Olathe	Civil Money Penalty: Donald Ashlock
Jul 1, 2011	OCC_OTS	Flagstar Bancorp, Inc.	Civil Money Penalty: Flagstar Bank, FSB
Jul 1, 2011	OCC_OTS	Ripley Federal Savings Bank	Amended Orders to Cease and Desist: Ripley Federal Savings Bank
Jul 1, 2011	OCC_OTS	Worthington Federal Bank	Supervisory Agreement: Worthington Financial Holdings, Inc.
Jul 1, 2011	OCC_OTS	Worthington Federal Bank	Supervisory Agreement: Worthington Federal Bank
Jul 1, 2011	OCC_OTS	American Eagle Savings Bank	Prompt Corrective Action: American Eagle Savings Bank
Jul 1, 2011	OCC_OTS	First Federal Savings and Loan Association of Olathe	Civil Money Penalty: Marvin Wollen
Jul 1, 2011	OCC_OTS	First Federal Savings and Loan Association of Olathe	Civil Money Penalty: Mark Hannah
Jun 30, 2011 Released Jul 7, 2011	FRB	PGB Holdings, Inc.	Written Agreement: PGB Holdings, Inc. and Pacific Global Bank, both of Chicago, Illinois
Jun 30, 2011 Released Jul 5, 2011	FRB	Belt Valley Bank	Written Agreement: Belt Valley Bank, Belt, Montana
Jun 29, 2011 Released Jul 5, 2011	FRB	Virginia Community Bankshares, Inc.	Written Agreement: Virginia Community Bankshares, Inc. and Virginia Community Bank, both of Louisa, Virginia
Jun 29, 2011 Released Jul 5, 2011	FRB	First National Bank Group, Inc.	Written Agreement: First National Bank Group, Inc., Edinburg, Texas
Jun 27, 2011	OCC_OTS	American Bank	Termination of Cease and Desist: American Bank
Jun 27, 2011 Released Jul 7, 2011	FRB	Firstfed Bancorp, Inc.	Written Agreement: FirstFed Bancorp, Inc. Employee Stock Ownership Plan and FirstFed Bancorp, Inc., both …
Jun 27, 2011	OCC_OTS	Carolina Federal Savings Bank	Termination of Supervisory Agreement: Carolina Federal Savings Bank
Jun 27, 2011	OCC_OTS	Commonwealth Savingshares Corporation	Termination of Supervisory Agreement: Commonwealth Savingshares Corporation
Jun 24, 2011	OCC_OTS	First Community Bank of America	Termination of Cease and Desist: First Community Bank Corporation of America
Jun 24, 2011	OCC_OTS	First Community Bank of America	Termination of Cease and Desist: First Community Bank of America
Jun 23, 2011	OCC	Border Capital Group, Inc.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Border Capital Bank, National Association
Jun 23, 2011 Released Jun 28, 2011	FRB	Southern Community Financial Corporation	Written Agreement: Southern Community Financial Corporation, Winston-Salem, North Carolina
Jun 23, 2011 Released Jun 28, 2011	FRB	First National Bank of Central Alabama	Written Agreement: First National Bancshares of Central Alabama, Inc., Aliceville, Alabama
Jun 22, 2011	OCC	The Lamesa National Bank	Civil Money Penalty (CMP): Freeman, Elwood
Jun 22, 2011 Released Jun 28, 2011	FRB	First Chatsworth Bankshares, Inc.	Written Agreement: First Chatsworth Bankshares, Inc., Chatsworth, Georgia
Jun 21, 2011 Released Jun 28, 2011	FRB	(individual)	Written Agreement: JLL Associates G.P. FCH, L.L.C., JLL Associates FCH, L.P., JLL Partners Fund …
Jun 21, 2011	OCC	Beverly Bank & Trust Company, N.A.	Civil Money Penalty (CMP): O'Malley, James
Jun 21, 2011	OCC	Beverly Bank & Trust Company, N.A.	Prohibition/Removal Orders: O'Malley, James
Jun 20, 2011	OCC	(individual)	Civil Money Penalty (CMP): Musick, Terry L.
Jun 20, 2011	OCC	T Bank, N.A.	Civil Money Penalty (CMP): Stamm, Lee Ann
Jun 20, 2011	OCC	(individual)	Prohibition/Removal Orders: Musick, Terry L.
Jun 20, 2011	OCC	T Bank, N.A.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Stamm, Lee Ann
Jun 17, 2011	OCC_OTS	Time Holdings, Inc.	Termination of Cease and Desist: Time Federal Savings Bank

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