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
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
Jul 1, 2011	Wells Fargo Financial Mississippi 2, Inc.	IA	Wells Fargo Bank, N.A.
Jul 1, 2011	Wells Fargo Financial Mississippi, Inc.	IA	Wells Fargo Bank, N.A.
Jul 1, 2011	M&T Trust Company of Delaware	DE	Wilmington Trust, N.A.
Jul 1, 2011	Wells Fargo Dealer Services, Inc.	NC	Wells Fargo Bank, N.A.
Jul 1, 2011	Founders Bank, SSB	TX	Vista Bank Texas
Jul 1, 2011	Greensburg Bancshares, Inc.	LA	First Guaranty Bancshares, Inc.
Jul 1, 2011	Wells Fargo Trade Capital, LLC	NY	Wells Fargo Bank, N.A.
Jun 30, 2011	Hico Delaware Bancshares, Inc.	DE	First National Bancshares of Hico, Inc.
Jun 30, 2011	Capital Bank	NC	Capital Bank Corporation
Jun 30, 2011	Lebco Educators Federal Credit Union	PA	Belco Community Credit Union
Jun 30, 2011	Cascade Bank	WA	Opus Bank
Jun 25, 2011	Alton Area Employees Federal Credit Union	IL	1st Midamerica Credit Union
Jun 18, 2011	Farmers State Bank, Astoria	IL	Better Banks
Jun 18, 2011	Charleston Newspapers Federal Credit Union	WV	Members Choice WV Federal Credit Union
Jun 17, 2011	Exchange National Bank of Moore	OK	BancFirst
Jun 14, 2011	First National Bank of Borger	TX	Interbank
Jun 10, 2011	First Community Bank	IA	Dubuque Bank and Trust Company
Jun 5, 2011	Hancock Bank of Alabama	AL	Whitney Bank
Jun 5, 2011	Whitney Holding Corporation	LA	Hancock Whitney Corporation
Jun 5, 2011	Whitney National Bank	LA	Whitney Bank
Jun 4, 2011	First National Bank & Trust Co. of Leavenworth	KS	Exchange Bank & Trust
Jun 3, 2011	Farmers State Bank of Sherburn	MN	Bank Midwest
Jun 1, 2011	Portland Onized Federal Credit Union	OR	Rivermark Community Credit Union
Jun 1, 2011	First Community Bank of America	FL	C1 Bank
Jun 1, 2011	North Penn Bancorp, Inc	PA	Norwood Financial Corp.
Jun 1, 2011	Omni Bancshares, Inc.	LA	Iberiabank Corporation
Jun 1, 2011	Morgan Stanley Credit Corporation	IL	Morgan Stanley Private Bank, N.A.
Jun 1, 2011	Omni Bank	LA	Iberiabank
Jun 1, 2011	Cameron Bancshares, Inc.	LA	Iberiabank Corporation
Jun 1, 2011	Chase Equipment Finance, Inc.	OH	JPMorgan Chase Bank, N.A.
Jun 1, 2011	Telecommunity Credit Union	OH	Towpath Credit Union
Jun 1, 2011	Westchester Federal Credit Union	NY	Nea Federal Credit Union
Jun 1, 2011	Church of Brethren Credit Union	IL	Alero Financial Credit Union
Jun 1, 2011	Dallas Cotton Belt Employees Credit Union	TX	Corner Stone Credit Union
Jun 1, 2011	H F Credit Union	IL	Great Lakes Credit Union
Jun 1, 2011	North Penn Bank	PA	Wayne Bank
Jun 1, 2011	Sears Waco Credit Union	TX	First Central Credit Union
Jun 1, 2011	Cameron State Bank	LA	Iberiabank
Jun 1, 2011	Media Hawaii Federal Credit Union	HI	Aloha Pacific Federal Credit Union
Jun 1, 2011	Saugus Federal Credit Union	MA	Webster First Federal Credit Union
Jun 1, 2011	Morse Chain Ithaca Employees	NY	Beginnings Credit Union
May 31, 2011	Hospitality Community Federal Credit Union	DC	Transit Employees Federal Credit Union
May 28, 2011	Hamptons State Bank	NY	Dime Commercial Bank
May 28, 2011	Charter Private Bank	WA	Boston Private Bank & Trust Company
May 28, 2011	Borel Private Bank & Trust Company	CA	Boston Private Bank & Trust Company
May 28, 2011	First Private Bank & Trust	CA	Boston Private Bank & Trust Company
May 23, 2011	Local 701 I B E W Federal Credit Union	IL	Great Lakes Credit Union
May 21, 2011	FirstBank of Arizona, Inc.	AZ	FirstBank
May 20, 2011	Treaty Oak Bank	TX	Northstar Bank
May 17, 2011	Abigail Adams National Bancorp, Inc.	DC	Premier Financial 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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