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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
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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