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 |
|---|---|---|
| Oct 1, 2011 | First State Bank of Alexandria | BlackRidgeBANK |
| Oct 1, 2011 | Vanguard Community Credit Union | Connect Credit Union |
| Oct 1, 2011 | The Union Savings Bank | Central Bank of Sedalia |
| Oct 1, 2011 | Catholic Credit Union | Solarity Credit Union |
| Oct 1, 2011 | National Capital Federal Credit Union | Market USA Federal Credit Union |
| Oct 1, 2011 | Saint Vrain Valley Credit Union | Elevations Credit Union |
| Oct 1, 2011 | Haverhill Credit Union | Align Credit Union |
| Oct 1, 2011 | Lakewood Bank, National Association | BlackRidgeBANK |
| Oct 1, 2011 | Tesoro Employees Federal Credit Union | Synergy Federal Credit Union |
| Oct 1, 2011 | Brownberry Credit Union | Landmark Credit Union |
| Oct 1, 2011 | Bluebonnet Credit Union | Texas Dow Employees Credit Union |
| Sep 30, 2011 | CHH Credit Union | Northwest Hills Credit Union |
| Sep 30, 2011 | Elgin State Bancorp, Inc. | Wintrust Financial Corporation |
| Sep 30, 2011 | Sentry Federal Credit Union | Franklin Mint Federal Credit Union |
| Sep 30, 2011 | The Elgin State Bank | St. Charles Bank & Trust Company, N.A. |
| Sep 30, 2011 | Bradford Postal Cu | Bradford Area Federal Credit Union |
| Sep 29, 2011 | Gsi Avonmore Employees Federal Credit Union | Usx Federal Credit Union |
| Sep 27, 2011 | MT. Vernon Financial Holdings, Inc. | Premier Financial Bancorp, Inc. |
| Sep 24, 2011 | Ventura County Business Bank | Royal Business Bank |
| Sep 24, 2011 | State Bank & Trust Company | State Bank |
| Sep 17, 2011 | Berkshire Bancorp, Inc. | Customers Bancorp, Inc |
| Sep 17, 2011 | First Western Trust Bank | First Western Trust Bank |
| Sep 17, 2011 | Berkshire Bank | Customers Bank |
| Sep 8, 2011 | GreenBank | Capital Bank Corporation |
| Sep 8, 2011 | Dremco Credit Union | Ascend Federal Credit Union |
| Sep 4, 2011 | Champlain Federal Credit Union | Dannemora Federal Credit Union |
| Sep 1, 2011 | Sofcu Community Credit Union | First Community Credit Union |
| Sep 1, 2011 | RBC Trust Company (NC) LLC | Renasant Bank |
| Sep 1, 2011 | First Union Title Corporation | WFC Holdings, LLC |
| Sep 1, 2011 | Watermark Credit Union | Sound Credit Union |
| Sep 1, 2011 | Motorists Insurance Employees Credit Union, Inc. | Pathways Financial Credit Union, Inc. |
| Sep 1, 2011 | Poc Federal Credit Union | Pinellas Federal Credit Union |
| Sep 1, 2011 | N W C S Federal Credit Union | Alero Financial Credit Union |
| Sep 1, 2011 | Premier Financial Credit Union | American 1 Credit Union |
| Sep 1, 2011 | Glen Ullin Credit Union | Western Cooperative Credit Union |
| Sep 1, 2011 | Chicago Heights Onized Federal Credit Union | Great Lakes Credit Union |
| Sep 1, 2011 | Saint Pauls Baptist Federal Credit Union | Henrico Federal Credit Union |
| Sep 1, 2011 | The Bank of McLouth | The Union State Bank of Everest |
| Aug 31, 2011 | St. Vincents Employees Federal Credit Union | McGraw Hill Federal Credit Union |
| Aug 31, 2011 | Orange Community Bancorp | Grandpoint Capital, Inc. |
| Aug 31, 2011 | Orange Community Bank | Grandpoint Bank |
| Aug 31, 2011 | Peoples Bancorp of Delaware, Inc. | Peoples Bancorp, Inc. |
| Aug 31, 2011 | Fountain Baptist Federal Credit Union | Affinity Federal Credit Union |
| Aug 31, 2011 | W P S Credit Union | Community First Credit Union |
| Aug 27, 2011 | Canton State Bank | First Southeast Bank |
| Aug 27, 2011 | The Merchants & Farmers Bank | United Mississippi Bank |
| Aug 24, 2011 | Golden Security Bank | First General Bank |
| Aug 23, 2011 | Eagle Bank | Round Top State Bank |
| Aug 20, 2011 | Security State Bank | Peoples State Bank |
| Aug 20, 2011 | Community Thrift Holding Company | Community Holding Company |
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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