Skip to main content

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
Dec 16, 2011 Western National Bank Phoenix, AZ $162.9M Washington Federal
Dec 16, 2011 Premier Community Bank of the Emerald Coast Crestview, FL $126.0M Summit Bank, N.A.
Nov 18, 2011 Central Progressive Bank Lacombe, LA $383.1M First NBC Bank
Nov 18, 2011 Polk County Bank Johnston, IA $91.6M Grinnell State Bank
Nov 10, 2011 Community Bank of Rockmart Rockmart, GA $62.4M Century Bank of Georgia
Nov 4, 2011 Sunfirst Bank Saint George, UT $198.1M Cache Valley Bank
Nov 4, 2011 Mid City Bank, Inc. Omaha, NE $106.1M Purdum State Bank
Oct 28, 2011 All American Bank Des Plaines, IL $34.8M International Bank of Chicago
Oct 21, 2011 Community Banks of Colorado Greenwood Village, CO $1.28B Bank Midwest, N.A.
Oct 21, 2011 Old Harbor Bank Clearwater, FL $209.0M 1st United Bank
Oct 21, 2011 Decatur First Bank Decatur, GA $184.8M Fidelity Bank
Oct 21, 2011 Community Capital Bank Jonesboro, GA $165.3M State Bank and Trust Company
Oct 14, 2011 Piedmont Community Bank Gray, GA $199.0M State Bank and Trust Company
Oct 14, 2011 Country Bank Aledo, IL $195.0M Blackhawk Bank & Trust
Oct 14, 2011 First State Bank Cranford, NJ $191.9M Northfield Bank
Oct 14, 2011 Blue Ridge Savings Bank, Inc. Asheville, NC $161.4M Bank of North Carolina
Oct 7, 2011 The Riverbank Wyoming, MN $419.7M Central Bank
Oct 7, 2011 Sun Security Bank Ellington, MO $351.5M Great Southern Bank
Sep 30, 2011 First International Bank Plano, TX $239.9M American First National Bank
Sep 23, 2011 Bank of the Commonwealth Norfolk, VA $985.1M Southern Bank and Trust Company
Sep 23, 2011 Citizens Bank of Northern California Nevada City, CA $288.8M Tri Counties Bank
Sep 9, 2011 The First National Bank of Florida Milton, FL $296.8M Charterbank
Sep 2, 2011 Patriot Bank of Georgia Cumming, GA $150.8M Georgia Commerce Bank
Sep 2, 2011 Creekside Bank Woodstock, GA $102.3M Georgia Commerce Bank
Aug 19, 2011 Lydian Private Bank Palm Beach, FL $1.70B Sabadell United Bank, N.A.
Aug 19, 2011 First Southern National Bank Statesboro, GA $164.6M Heritage Bank of the South
Aug 19, 2011 First Choice Bank Geneva, IL $141.0M Inland Bank & Trust
Aug 18, 2011 Public Savings Bank Huntingdon Valley, PA $46.8M Capital Bank, N.A.
Aug 12, 2011 The First National Bank of Olathe Olathe, KS $538.1M Enterprise Bank & Trust
Aug 5, 2011 Bank of Whitman Colfax, WA $548.6M Columbia State Bank
Aug 5, 2011 Bank of Shorewood Shorewood, IL $110.7M Heartland Bank and Trust Company
Jul 29, 2011 Integra Bank N.A. Evansville, IN $1.99B Old National Bank
Jul 29, 2011 Bankmeridian, N.A. Columbia, SC $232.6M SCBT N.A.
Jul 29, 2011 Virginia Business Bank Richmond, VA $83.5M Xenith Bank
Jul 22, 2011 Bank of Choice Greeley, CO $954.1M Bank Midwest, N.A.
Jul 22, 2011 Landmark Bank of Florida Sarasota, FL $266.5M American Momentum Bank
Jul 22, 2011 Southshore Community Bank Apollo Beach, FL $41.3M American Momentum Bank
Jul 15, 2011 First Peoples Bank Port Saint Lucie, FL $225.0M Premier American Bank, N.A.
Jul 15, 2011 High Trust Bank Stockbridge, GA $180.3M Ameris Bank
Jul 15, 2011 One Georgia Bank Atlanta, GA $177.7M Ameris Bank
Jul 15, 2011 Summit Bank Prescott, AZ $73.1M The Foothills Bank
Jul 8, 2011 First Chicago Bank & Trust Chicago, IL $896.9M Northbrook Bank and Trust Company
Jul 8, 2011 Colorado Capital Bank Castle Rock, CO $665.8M First-Citizens Bank & Trust Company
Jul 8, 2011 Signature Bank Windsor, CO $62.5M Points West Community Bank
Jun 24, 2011 Mountain Heritage Bank Clayton, GA $103.7M First American Bank and Trust Company
Jun 17, 2011 McIntosh State Bank Jackson, GA $339.9M Hamilton State Bank
Jun 17, 2011 First Commercial Bank of Tampa Bay Tampa, FL $98.6M Stonegate Bank
Jun 3, 2011 Atlantic Bank and Trust Charleston, SC $208.2M First Citizens Bank and Trust Company, Inc.
May 27, 2011 First Heritage Bank Snohomish, WA $173.5M Columbia State Bank
May 20, 2011 Atlantic Southern Bank Macon, GA $741.9M Certus Bank, N.A.

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
May 16, 2011 Wilmington Trust Corporation DE Wilmington Trust Corporation
May 13, 2011 Texas First Bank TX Texas First Bank
May 7, 2011 Union National Community Bank PA Union Community Bank
May 7, 2011 Union National Financial Corporation the PA Donegal Financial Services Corp.
May 6, 2011 Wachovia Mortgage Corporation NC Wells Fargo Bank, N.A.
May 4, 2011 The First National Bank of Friend NE Citizens State Bank
May 2, 2011 Gea Federal Credit Union LA Neighbors Federal Credit Union
May 2, 2011 Public Library Employees Credit Union, Inc. OH Community United Credit Union
May 1, 2011 South Dekalb Church Federal Credit Union GA Peach State Federal Credit Union
May 1, 2011 Chase Home Finance LLC NJ JPMorgan Chase Bank, N.A.
May 1, 2011 Chase Home Finance Inc. NJ JPMorgan Chase Bank, N.A.
May 1, 2011 Capital One National Community Development Corporation NY Capital One, N.A.
May 1, 2011 Woodforest Bank TX Woodforest National Bank
May 1, 2011 Shores Area Credit Union MI Unity Credit Union
May 1, 2011 Elk Basin Federal Credit Union WY Pathfinder Federal Credit Union
May 1, 2011 Tulsa Metro Federal Credit Union OK Fraternal Order of Police Federal Credit Union
May 1, 2011 University Credit Union MA Metro Credit Union
May 1, 2011 Scottsbluff Federal Credit Union NE Sugar Valley Federal Credit Union
May 1, 2011 Alabama West Florida Methodist Federal Credit Union AL Faith Connection Federal Credit Union
May 1, 2011 The-Mac Federal Credit Union WV Pioneer Appalachia Federal Credit Union
May 1, 2011 State Employees Credit Union GA Georgia United Credit Union
Apr 30, 2011 Mount Hood Federal Credit Union OR Peak Credit Union
Apr 30, 2011 Sauk County Employees Credit Union WI Summit Credit Union
Apr 30, 2011 TIB Bank FL Capital Bank Corporation
Apr 30, 2011 Menasha Corporation Employees Credit Union WI Community First Credit Union
Apr 30, 2011 Cottrell Federal Credit Union RI Wave Federal Credit Union
Apr 25, 2011 City National Bancshares, Inc. FL Bci Financial Group, Inc.
Apr 22, 2011 Short Holding Company KY First Prestonsburg Bancshares, Inc.
Apr 22, 2011 Family Bank FSB KY The First Commonwealth Bank of Prestonsburg, Inc.
Apr 16, 2011 NewAlliance Bank CT First Niagara Bank, N.A.
Apr 16, 2011 Newalliance Bancshares, Inc. CT First Niagara Financial Group, Inc.
Apr 15, 2011 Ixe Grupo Financiero, S.A.B. De C.V. — Grupo Financiero Banorte, S.A.B. De C.V.
Apr 9, 2011 Traders Bank WV Premier Bank, Inc.
Apr 9, 2011 Fort Orange Financial Corp. NY Chemung Financial Corporation
Apr 9, 2011 First Central Bank, Inc. WV Premier Bank, Inc.
Apr 9, 2011 Capital Bank & Trust Company NY Chemung Canal Trust Company, N.A.
Apr 9, 2011 The Wilber Corporation NY Community Financial System, Inc.
Apr 9, 2011 First Security Bank - Lake Benton MN First Security Bank - Canby
Apr 9, 2011 Wilber National Bank NY Community Bank, N.A.
Apr 9, 2011 Adams National Bank DC Premier Bank, Inc.
Apr 9, 2011 Consolidated Bank and Trust Company VA Premier Bank, Inc.
Apr 8, 2011 North Tonawanda Community Federal Credit Union NY Greater Together Federal Credit Union
Apr 6, 2011 The Home Builders Association OH Southern Hills Community Bank
Apr 5, 2011 Mid-America Bancorp, Inc. KS Mercantile Bancorp, Inc.
Apr 1, 2011 Nantahala Bancshares, Inc. NC Nantahala Bank & Trust Company
Apr 1, 2011 Maryland Bankcorp, Inc. MD Old Line Bancshares, Inc.
Apr 1, 2011 Capital One Auto Finance, Inc. TX Capital One, N.A.
Apr 1, 2011 Rome Bancorp, Inc. NY Beacon Financial Corporation
Apr 1, 2011 Citizens Bankshares of Springhill, Inc. LA Bonvenu Bancorp, Inc.
Apr 1, 2011 West Haven Va Employees Federal Credit Union CT Greater West Haven Federal Credit Union

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

Browse adjacent years: 2010 · 2012

Or jump to a category: Failures · Mergers · Enforcement · Assistance