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 |
|---|---|---|
| Mar 1, 2011 | Cuyahoga Falls Municipal Employees Credit Union, Inc. | Falls Catholic Credit Union, Inc. |
| Mar 1, 2011 | P a Federal Credit Union | Eagle Louisiana Federal Credit Union |
| Mar 1, 2011 | Sweetheart Cup Federal Credit Union | South Division Credit Union |
| Mar 1, 2011 | First National Bank | Homestead Bank |
| Mar 1, 2011 | FNS Inc. | C.S.B. Co. |
| Mar 1, 2011 | First Ipswich Bancorp | Brookline Bancorp, Inc. |
| Mar 1, 2011 | Wachovia Holdings, Inc. | Wells Fargo Bank, N.A. |
| Feb 19, 2011 | Bay-Hermann-Berger Bank | The Missouri Bank |
| Feb 19, 2011 | Saint James Parish School Employees Federal Credit Union | Jefferson Financial Federal Credit Union |
| Feb 18, 2011 | Ijl 2004, LLC | Wells Fargo & Company |
| Feb 14, 2011 | El Campo Bancshares of Nevada, Inc. | El Campo Bancshares, Inc. |
| Feb 12, 2011 | First Security Bank - Evansville | First Security Bank - Sleepy Eye |
| Feb 12, 2011 | Loveland Bank of Commerce | Verus Bank of Commerce |
| Feb 12, 2011 | Larimer Bank of Commerce | Verus Bank of Commerce |
| Feb 12, 2011 | American State Bank | Peoples Bank |
| Feb 5, 2011 | Chester National Bank of Missouri | Chester National Bank |
| Feb 1, 2011 | Motion Picture Federal Credit Union | Musicians' Interguild Credit Union |
| Feb 1, 2011 | Starenergy Credit Union | Chevron Federal Credit Union |
| Feb 1, 2011 | Elgin City Employees Credit Union | Credit Union 1 |
| Feb 1, 2011 | Charter Alliance Bank | Charter Bank |
| Feb 1, 2011 | American Premier Bank | First General Bank |
| Jan 31, 2011 | American Bell Federal Credit Union | Aneca Federal Credit Union |
| Jan 31, 2011 | A-B Credit Union | Heritage Credit Union |
| Jan 29, 2011 | Northern States Employees Credit Union | Governmental Employees Credit Union |
| Jan 29, 2011 | Continental Federal Credit Union | Alliant Credit Union |
| Jan 28, 2011 | Shiloh Baptist Church Federal Credit Union | Neighbors Federal Credit Union |
| Jan 26, 2011 | FNB Company of Delaware, L.L.C. | FNB Company |
| Jan 24, 2011 | Bank of Tucson | Bank of Tucson |
| Jan 22, 2011 | The First National Bank of La Follette | Community Trust Bank, Inc. |
| Jan 18, 2011 | Central Bank, FSB | Central Bank & Trust Company |
| Jan 15, 2011 | The Bank of Quapaw | The Baxter State Bank |
| Jan 15, 2011 | Nine Tribes Bancshares, Inc. | Baxter Bancshares, Inc. |
| Jan 13, 2011 | Olney Bancorp of Delaware, Inc. | Olney Bancshares of Texas, Inc. |
| Jan 11, 2011 | True North Financial Services, Inc. | Mountainone Bank |
| Jan 11, 2011 | Providers Employees Federal Credit Union | Empower Federal Credit Union |
| Jan 8, 2011 | Ironstone Bank | First-Citizens Bank & Trust Company |
| Jan 3, 2011 | Alcan Employees Credit Union | Louisville Metro Police Officers Credit Union |
| Jan 1, 2011 | Ufcw #916 Federal Credit Union | Members 1st Credit Union |
| Jan 1, 2011 | Home Town Community Credit Union | Bayport Federal Credit Union |
| Jan 1, 2011 | Alamosa Credit Union | Mountain River Credit Union |
| Jan 1, 2011 | The Felton Bank | Shore United Bank, N.A. |
| Jan 1, 2011 | Monroe Bank | Old National Bank |
| Jan 1, 2011 | Community Bank & Trust Company | First National Bank of Pennsylvania |
| Jan 1, 2011 | Bank of Fall River, a Co-operative Bank | BayCoast Bank |
| Jan 1, 2011 | St. Margarets Credit Union | Together Credit Union |
| Jan 1, 2011 | Cypress West Federal Credit Union | Skyone Federal Credit Union |
| Jan 1, 2011 | PNC Multifamily Mortgage LLC | PNC Bank, N.A. |
| Jan 1, 2011 | Bank of Kansas City, National Association | BOKF, N.A. |
| Jan 1, 2011 | Santander International Bank of Puerto Rico, Inc. | Banco Santander Puerto Rico |
| Jan 1, 2011 | American Community Bancorp, Inc. | German American Bancorp, Inc. |
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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