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
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
Dec 31, 2011 Amarillo Delaware Bancorp, Inc. DE Amarillo National Bancorp, Inc.
Dec 31, 2011 Nebraska Bankers' Bank NE Midwest Independent Bankersbank
Dec 31, 2011 Aliant Bank AL USAmeriBank
Dec 31, 2011 The Thrift Credit Union GA Georgia's Own Credit Union
Dec 31, 2011 U.S. Bancorp Equipment Finance, Inc. OR U.S. Bank N.A.
Dec 31, 2011 Luling Delaware Financial Corporation DE Luling Bancshares, Inc.
Dec 31, 2011 Freestar Bank, National Association IL First Financial Bank, N.A.
Dec 31, 2011 State Bank of Lucan MN First Independent Bank
Dec 31, 2011 South Bergen Federal Credit Union NJ North Jersey Federal Credit Union
Dec 31, 2011 Citizens Community Credit Union IL Illinois Community Credit Union
Dec 31, 2011 Turtle Creek Federal Credit Union SD Dakotaland Federal Credit Union
Dec 30, 2011 M&I Community Development Corporation WI BMO Bank N.A.
Dec 29, 2011 MSDW Credit Products Inc. NY Morgan Stanley
Dec 21, 2011 Guadalupe Federal Credit Union CA Premierone Credit Union
Dec 20, 2011 Spring Hill (Delaware), Inc. DE Spring Hill Holdings Corporation
Dec 17, 2011 Hedrick Savings Bank IA South Ottumwa Savings Bank
Dec 17, 2011 CenterBank of Jacksonville, National Association FL FirstAtlantic Bank
Dec 16, 2011 Bemis Federal Credit Union WA Lighthouse Community Credit Union
Dec 16, 2011 Diboll State Bancshares of Delaware, Inc. DE Diboll State Bancshares, Inc.
Dec 15, 2011 Nero Limited, LLC MN Wells Fargo & Company
Dec 14, 2011 Madco Postal Federal Credit Union IL 1st Midamerica Credit Union
Dec 10, 2011 Heritage First Bank AL Townbridge Bank
Dec 10, 2011 Farmers State Bank of Fulton County IL Prairie State Bank & Trust
Dec 9, 2011 Baltimore Pipe Trades Federal Credit Union MD Point Breeze Credit Union
Dec 7, 2011 Boise Valley Credit Union ID Esa Credit Union
Dec 5, 2011 Southern Bank & Trust SC Georgia Bank & Trust Company of Augusta
Dec 3, 2011 First National Bank of Ivesdale IL State Bank of Bement
Dec 1, 2011 News & Observer Credit Union NC Summit Credit Union
Dec 1, 2011 Edwards Development Corporation MO Wells Fargo & Company
Dec 1, 2011 Center Financial Corporation CA Hope Bancorp, Inc.
Dec 1, 2011 Nara Bank CA Bank of Hope
Dec 1, 2011 CapitalBank SC Park Sterling Bank
Dec 1, 2011 Claver Federal Credit Union LA Tulane/Loyola Federal Credit Union
Dec 1, 2011 First Louisiana National Bank LA Midsouth Bank, N.A.
Dec 1, 2011 Delta County Teachers Credit Union MI U.P. State Credit Union
Dec 1, 2011 Metroplex Credit Union TX Resource One Credit Union
Dec 1, 2011 Fitchburg Federal Credit Union MA Webster First Federal Credit Union
Dec 1, 2011 Hamilton County School Employees Credit Union, Inc. OH Kemba Credit Union, Inc.
Dec 1, 2011 People's Credit Union of Abilene TX Abilene Teachers Federal Credit Union
Dec 1, 2011 San Jacinto Area Credit Union TX Texas Dow Employees Credit Union
Dec 1, 2011 Bluestone Federal Credit Union MN Associated Healthcare Credit Union
Dec 1, 2011 Paragon Federal Credit Union NJ Visions Federal Credit Union
Dec 1, 2011 Dyersburg Credit Union TN First South Financial Federal Credit Union
Dec 1, 2011 United Maryland Employees Federal Credit Union MD Destinations Credit Union
Dec 1, 2011 Target Corporation Credit Union MN Baxter Credit Union
Dec 1, 2011 N P T Employees Federal Credit Union OR Portland Local No. 8 Federal Credit Union
Dec 1, 2011 Florida Episcopal Dioceses Federal Credit Union FL Insight Credit Union
Nov 30, 2011 Bridge Street Awme Church Federal Credit Union NY Brooklyn Cooperative Federal Credit Union
Nov 30, 2011 Viking Financial Services Corporation WA Starbuck Bancshares, Inc.
Nov 30, 2011 Viking Bank WA AmericanWest Bank

The list holds 500 of the 547 mergers recorded for 2011.

Enforcement Actions in 2011

Action date Agency Institution Action
Jun 15, 2011 OCC_OTS Home Building and Loan Company Civil Money Penalty: George S. Pearce
Jun 15, 2011 OCC_OTS Home Building and Loan Company Civil Money Penalty: Peter D. Quance
Jun 15, 2011 OCC_OTS Home Building and Loan Company Civil Money Penalty: Sandra T. McNeil
Jun 15, 2011 OCC_OTS Home Building and Loan Company Civil Money Penalty: Steven D. Lewis
Jun 15, 2011 OCC_OTS (individual) Orders of Removal/Prohibition: Sean W. Ragland
Jun 15, 2011 FRB First Missouri Bank and Trust Company of Creve Coeur Section 19 Letters: Monica Lopez
Jun 15, 2011 OCC_OTS Home Building and Loan Company Civil Money Penalty: Dana E. Iseman
Jun 14, 2011 OCC JPMorgan Chase Bank, N.A. Civil Money Penalty (CMP): JPMorgan Chase Bank, National Association
Jun 14, 2011 FRB (individual) Section 19 Letters: Rachael L. Waller
Jun 10, 2011 OCC_OTS (individual) Termination of Cease and Desist: Chicago Title Insuance Company, as settlement agent for Allied …
Jun 10, 2011 OCC_OTS Home Savings Bancorp Amended Orders to Cease and Desist: Home Savings Bancorp
Jun 10, 2011 OCC_OTS Home Savings of America Amended Orders to Cease and Desist: Home Savings of America
Jun 9, 2011 OCC First Place Financial Corp. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Place Bank
Jun 9, 2011 OCC Traders Bancshares Corporation Formal Agreement: Traders National Bank
Jun 8, 2011 OCC_OTS First Federal Savings and Loan Association of Central Illinois, S.B. Orders of Removal/Prohibition: Brandy Davis
Jun 8, 2011 OCC_OTS Reliance Bank, FSB Cease and Desist: Reliance Bank, FSB
Jun 8, 2011 OCC_OTS Geddes Federal Savings and Loan Association Termination of Cease and Desist: Geddes Federal Savings & Loan Association
Jun 8, 2011 OCC The First National Bank of Shelby Formal Agreement: The First National Bank of Shelby
Jun 8, 2011 OCC Reliance Bank, FSB Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Reliance Bank, FSB
Jun 7, 2011 OCC The Conway National Bank Formal Agreement: The Conway National Bank
Jun 7, 2011 OCC Mission National Bank Formal Agreement: Mission National Bank
Jun 7, 2011
Released Jun 14, 2011		 FRB Northwest Bancorporation of Illinois, Inc. Written Agreement: Northwest Bancorporation of Illinois, Inc., Palatine, Illinois
Jun 6, 2011 FRB Salin Bank and Trust Company Section 19 Letters: Elisha C. Heim
Jun 3, 2011 OCC_OTS WSB Holdings, Inc. Supervisory Agreement: WSB Holdings, Inc.
Jun 3, 2011 FRB First Missouri Bank and Trust Company of Creve Coeur Section 19 Letters: Victoria P. Saenz
Jun 3, 2011 OCC_OTS Broadway Financial Corporation Civil Money Penalty: Paul J. Ryan
Jun 3, 2011 OCC_OTS Broadway Financial Corporation Orders of Removal/Prohibition: Paul J. Ryan
Jun 3, 2011 OCC_OTS (individual) Supervisory Agreement: The Washington Savings Bank, FSB
Jun 2, 2011 FRB (individual) Section 19 Letters: Ashley N. Jones
Jun 2, 2011 FRB Marshall & Ilsley Corporation Section 19 Letters: Thomas D. Gasser
Jun 1, 2011 OCC_OTS Mutual Federal Savings Bank, a FSSB Supervisory Agreement: Mutual FSB, a FSSB
Jun 1, 2011 OCC Mutual Federal Savings Bank, a FSSB Formal Agreement: Mutual FSB, A Fssb
May 31, 2011 FRB Primelending, a PlainsCapital Company Civil Money Penalty, $30,780 & $73,175: PlainsCapital Bank, and PrimeLending a PlainsCapital Company, Dallas, …
May 31, 2011 OCC JPMorgan Chase Bank, N.A. Prohibition/Removal Orders: Brandimarti, Belinda
May 31, 2011
Released Jun 2, 2011		 FRB F & M Holding Company, Inc. Written Agreement: F & M Holding Company, Inc., Manchester, Georgia
May 27, 2011
Released Jun 7, 2011		 FRB Cornerstone Holding Company, Inc. Written Agreement: Cornerstone Holding Company, Inc., Fargo, North Dakota
May 26, 2011 OCC_OTS (individual) Orders of Removal/Prohibition: Paul R. Allen
May 26, 2011 OCC_OTS (individual) Orders of Removal/Prohibition: Raymond Bowman
May 26, 2011 OCC_OTS (individual) Orders of Removal/Prohibition: Desiree Brown
May 26, 2011 OCC Citizens National Bank of Texas Formal Agreement: Citizens National Bank of Texas
May 25, 2011 OCC_OTS Central Federal Bank Cease and Desist: Central Federal Corporation
May 25, 2011 OCC_OTS Cfbank N.A. Cease and Desist: CFBank
May 25, 2011 OCC Cfbank N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): CFBank
May 24, 2011
Released May 26, 2011		 FRB Four Oaks Fincorp, Inc. Written Agreement: Four Oaks Fincorp, Inc. and Four Oaks Bank & Trust Company, both …
May 24, 2011
Released Jul 19, 2018		 FRB Community Banks of Georgia, Inc. Written Agreement: Community Banks of Georgia, Inc., Jasper, Georgia
May 23, 2011
Released May 26, 2011		 FRB Community Financial Shares, Inc. Written Agreement: Community Financial Shares, Inc., Glen Ellyn, Illinois
May 23, 2011 FRB First Missouri Bank and Trust Company of Creve Coeur Section 19 Letters: Anita C. Brackett
May 23, 2011
Released May 26, 2011		 FRB North Texas Bancshares, Inc. Written Agreement: North Texas Bancshares, Inc., Dallas, Texas, and North Texas Bancshare of Delaware, …
May 20, 2011
Released May 24, 2011		 FRB BW Bancorp Written Agreement: BW Bancorp, Ely, Minnesota
May 20, 2011
Released May 26, 2011		 FRB Provident Community Bancshares, Inc. Written Agreement: Provident Community Bancshares, Inc., Rock Hill, South Carolina

Browse adjacent years: 2010 · 2012

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