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 |
|---|---|---|
| Dec 16, 2011 | Western National Bank | $162.9M |
| Dec 16, 2011 | Premier Community Bank of the Emerald Coast | $126.0M |
| Nov 18, 2011 | Central Progressive Bank | $383.1M |
| Nov 18, 2011 | Polk County Bank | $91.6M |
| Nov 10, 2011 | Community Bank of Rockmart | $62.4M |
| Nov 4, 2011 | Sunfirst Bank | $198.1M |
| Nov 4, 2011 | Mid City Bank, Inc. | $106.1M |
| Oct 28, 2011 | All American Bank | $34.8M |
| Oct 21, 2011 | Community Banks of Colorado | $1.28B |
| Oct 21, 2011 | Old Harbor Bank | $209.0M |
| Oct 21, 2011 | Decatur First Bank | $184.8M |
| Oct 21, 2011 | Community Capital Bank | $165.3M |
| Oct 14, 2011 | Piedmont Community Bank | $199.0M |
| Oct 14, 2011 | Country Bank | $195.0M |
| Oct 14, 2011 | First State Bank | $191.9M |
| Oct 14, 2011 | Blue Ridge Savings Bank, Inc. | $161.4M |
| Oct 7, 2011 | The Riverbank | $419.7M |
| Oct 7, 2011 | Sun Security Bank | $351.5M |
| Sep 30, 2011 | First International Bank | $239.9M |
| Sep 23, 2011 | Bank of the Commonwealth | $985.1M |
| Sep 23, 2011 | Citizens Bank of Northern California | $288.8M |
| Sep 9, 2011 | The First National Bank of Florida | $296.8M |
| Sep 2, 2011 | Patriot Bank of Georgia | $150.8M |
| Sep 2, 2011 | Creekside Bank | $102.3M |
| Aug 19, 2011 | Lydian Private Bank | $1.70B |
| Aug 19, 2011 | First Southern National Bank | $164.6M |
| Aug 19, 2011 | First Choice Bank | $141.0M |
| Aug 18, 2011 | Public Savings Bank | $46.8M |
| Aug 12, 2011 | The First National Bank of Olathe | $538.1M |
| Aug 5, 2011 | Bank of Whitman | $548.6M |
| Aug 5, 2011 | Bank of Shorewood | $110.7M |
| Jul 29, 2011 | Integra Bank N.A. | $1.99B |
| Jul 29, 2011 | Bankmeridian, N.A. | $232.6M |
| Jul 29, 2011 | Virginia Business Bank | $83.5M |
| Jul 22, 2011 | Bank of Choice | $954.1M |
| Jul 22, 2011 | Landmark Bank of Florida | $266.5M |
| Jul 22, 2011 | Southshore Community Bank | $41.3M |
| Jul 15, 2011 | First Peoples Bank | $225.0M |
| Jul 15, 2011 | High Trust Bank | $180.3M |
| Jul 15, 2011 | One Georgia Bank | $177.7M |
| Jul 15, 2011 | Summit Bank | $73.1M |
| Jul 8, 2011 | First Chicago Bank & Trust | $896.9M |
| Jul 8, 2011 | Colorado Capital Bank | $665.8M |
| Jul 8, 2011 | Signature Bank | $62.5M |
| Jun 24, 2011 | Mountain Heritage Bank | $103.7M |
| Jun 17, 2011 | McIntosh State Bank | $339.9M |
| Jun 17, 2011 | First Commercial Bank of Tampa Bay | $98.6M |
| Jun 3, 2011 | Atlantic Bank and Trust | $208.2M |
| May 27, 2011 | First Heritage Bank | $173.5M |
| May 20, 2011 | Atlantic Southern Bank | $741.9M |
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 |
|---|---|---|
| Aug 20, 2011 | Inez Deposit Bank, FSB | Inez Deposit Bank |
| Aug 20, 2011 | Queen City Federal Savings Bank | Frandsen Bank & Trust |
| Aug 19, 2011 | First Baird Bancshares of Delaware, Inc. | First Baird Bancshares, Inc. |
| Aug 13, 2011 | First National Bank | Bear State Bank |
| Aug 6, 2011 | First Western Bank & Trust | First Western Bank and Trust |
| Aug 6, 2011 | The Herndon National Bank | LINKBANK |
| Aug 1, 2011 | Greater Bay Bancorp | Wells Fargo & Company |
| Aug 1, 2011 | First Financial Investments of Delaware, Inc. | First Financial Bankshares, Inc. |
| Aug 1, 2011 | Placer Sierra Bancshares | Wells Fargo & Company |
| Aug 1, 2011 | Select Bank | Ocean City Home Bank |
| Aug 1, 2011 | Community FirstBank of Charleston | CresCom Bank |
| Aug 1, 2011 | Century Bancshares, Inc. | Wells Fargo & Company |
| Aug 1, 2011 | The Farmers State Bank of Highland, Kansas | Bendena State Bank |
| Aug 1, 2011 | F.M.C. Employees Federal Credit Union | Brightview Federal Credit Union |
| Aug 1, 2011 | HF Employees Federal Credit Union | Members Credit Union |
| Aug 1, 2011 | Hacp/Ura Federal Credit Union | Greater Pittsburgh Police Federal Credit Union |
| Aug 1, 2011 | Salem Federal Credit Union | Freedom Credit Union |
| Aug 1, 2011 | Woods Credit Union | Credit Union One of Oklahoma |
| Aug 1, 2011 | Verno Credit Union | Community Choice Credit Union |
| Aug 1, 2011 | C a I Employees Credit Union | Alero Financial Credit Union |
| Aug 1, 2011 | Midwest Partners Federal Credit Union | Voyage Federal Credit Union |
| Jul 31, 2011 | School District 130 Employees Federal Credit Union | Vicinity Credit Union |
| Jul 31, 2011 | Goodyear Federal Credit Union | Interstate Federal Credit Union |
| Jul 30, 2011 | 1st Choice Federal Credit Union | The Police Credit Union of California |
| Jul 30, 2011 | Bank of Parsons | First Neodesha Bank |
| Jul 30, 2011 | First National Bank of the North | Northview Bank |
| Jul 29, 2011 | Jefferson Bank | First Bank & Trust |
| Jul 29, 2011 | Bank of the Northwest | AmericanWest Bank |
| Jul 29, 2011 | Sunrise Bank | AmericanWest Bank |
| Jul 29, 2011 | Steinerfilm Employees Federal Credit Union | Greylock Federal Credit Union |
| Jul 28, 2011 | Salt Lake Regional Medical Center Employee's Federal Credit Union | Health Care Credit Union |
| Jul 28, 2011 | Sterling Bancshares, Inc. | Comerica Incorporated |
| Jul 28, 2011 | Sterling Bank | Comerica Bank |
| Jul 23, 2011 | The Exchange Bank of South Carolina, Inc. | First Citizens Bank and Trust Company, Inc. |
| Jul 22, 2011 | Baytree Lending Company Inc. | Baytree National Bank & Trust Company |
| Jul 21, 2011 | Capwest Mortgage Corporation | Farmers Bank & Trust |
| Jul 21, 2011 | Legacy Banks | Berkshire Bank |
| Jul 21, 2011 | Legacy Bancorp, Inc. | Beacon Financial Corporation |
| Jul 20, 2011 | Home State Mortgage Group, Inc. | Home State BANK/N.A. |
| Jul 16, 2011 | Citizens Bank of Spencer, Tenn. | Citizens Tri-County Bank |
| Jul 16, 2011 | Guaranty Savings Bank | Home Bank, N.A. |
| Jul 16, 2011 | Cornerstone Bank & Trust, National Association | CNB Bank and Trust, N.A. |
| Jul 16, 2011 | Citizens State Bank of Shipman | CNB Bank and Trust, N.A. |
| Jul 16, 2011 | Security State Bank | Fidelity Bank & Trust |
| Jul 16, 2011 | Palmer Bank | CNB Bank and Trust, N.A. |
| Jul 16, 2011 | Cascade State Corp. | Fidelity Company |
| Jul 15, 2011 | Morgan Stanley Trust N.A. | Morgan Stanley Private Bank, N.A. |
| Jul 15, 2011 | First Union Financial Investments, LLC | Wells Fargo Bank, N.A. |
| Jul 15, 2011 | Wes Holding Corporation | Wells Fargo Bank, N.A. |
| Jul 12, 2011 | FBC Financial Corporation | BancFirst Corporation |
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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