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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
Apr 18, 2011 OCC Atlantic National Corporation Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Atlantic National Bank
Apr 18, 2011 OCC Hopkins Bancorp, Inc. Formal Agreement: Hopkins Federal Savings Bank
Apr 18, 2011 OCC_OTS Hopkins Bancorp, Inc. Supervisory Agreement: Hopkins Bancorp, Inc.
Apr 18, 2011 OCC_OTS Hopkins Bancorp, Inc. Supervisory Agreement: Hopkins Federal Savings Bank
Apr 18, 2011
Released Apr 21, 2011		 FRB Premier Bancorp, Inc. Written Agreement: Premier Bancorp, Inc., Wilmette, Illinois
Apr 18, 2011
Released Apr 21, 2011		 FRB Syringa Bancorp Written Agreement: Syringa Bancorp, Boise, Idaho
Apr 15, 2011 FRB Banco Industrial De Venezuela, C.A. Cease and Desist Order: Banco Industrial de Venezuela, C.A., Caracas, Venezuela, Banco Industrial de …
Apr 15, 2011 FRB (individual) Civil Money Penalty, $600,000: BANCO INDUSTRIAL DE VENEZUELA, C. A. Caracas, Venezuela BANCO INDUSTRIAL …
Apr 14, 2011 OCC_OTS Superior Bank Orders of Removal/Prohibition: Phillip A. Owen
Apr 14, 2011 OCC Pacific National Bank Civil Money Penalty (CMP): Gross, Eduardo
Apr 14, 2011 OCC Pacific National Bank Civil Money Penalty (CMP): Fernandez, Ralph
Apr 14, 2011 OCC Heartland Bancshares, Inc. Formal Agreement: Heartland National Bank
Apr 14, 2011 OCC Pacific National Bank Civil Money Penalty (CMP): Urquiola, Joaquin
Apr 14, 2011 OCC Pacific National Bank Civil Money Penalty (CMP): Baloyra, Jose
Apr 14, 2011 OCC Pacific National Bank Civil Money Penalty (CMP): Baquerizo, Andres
Apr 14, 2011 OCC_OTS Malvern Federal Savings Bank Orders of Removal/Prohibition: Carol B. Weir
Apr 13, 2011 FRB Lender Processing Services Cease and Desist Order: Lender Processing Services, Inc., Jacksonville, Florida; DocX, LLC, Alpharetta, Georgia; …
Apr 13, 2011 OCC U.S. Bank N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): U.S. Bank National Association
Apr 13, 2011 OCC PNC Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): PNC Bank, National Association
Apr 13, 2011 OCC U.S. Bank N.A. ND Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): U.S. Bank National Association ND
Apr 13, 2011 OCC Wells Fargo Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wells Fargo Bank, National Association
Apr 13, 2011 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): LPS Default Solutions, Inc.
Apr 13, 2011 FRB Ally Financial Inc. Cease and Desist Order: Ally Financial Inc., Detroit, Michigan; Ally Bank, Midvale, Utah; Residential …
Apr 13, 2011 OCC Lender Processing Services Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Lender Processing Services, Inc.
Apr 13, 2011 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): MERSCORP, Inc.
Apr 13, 2011 OCC JPMorgan Chase Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): JPMorgan Chase Bank, National Association
Apr 13, 2011 OCC Metlife Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Metlife Bank, National Association
Apr 13, 2011 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Mortgage Electronic Registration Systems, Inc.
Apr 13, 2011 FRB Suntrust Mortgage, Inc. Cease and Desist Order: SunTrust Banks, Inc., Atlanta, Georgia SunTrust Bank, Atlanta, Georgia and …
Apr 13, 2011 FRB The PNC Financial Services Group, Inc. Cease and Desist Order: The PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania
Apr 13, 2011 FRB (individual) Cease and Desist Order: U.S. Bancorp, Minneapolis, Minnesota
Apr 13, 2011 FRB Wells Fargo & Company Cease and Desist Order: Wells Fargo & Company, San Francisco, California
Apr 13, 2011
Released Apr 19, 2011		 FRB TransPecos Banks Written Agreement: TransPecos Financial Corp., San Antonio, Texas, and TransPecos Banks, Pecos, Texas
Apr 13, 2011 OCC HSBC Bank USA, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): HSBC Bank USA, National Association
Apr 13, 2011 OCC EverBank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Everbank
Apr 13, 2011 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): DocX, LLC
Apr 13, 2011 OCC Citibank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Citibank, National Association
Apr 13, 2011 OCC Bank of America, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bank of America, National Association
Apr 13, 2011 OCC Aurora Bank FSB Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Aurora Bank FSB
Apr 13, 2011 OCC_OTS Sovereign Bancorp, Inc. Cease and Desist: Sovereign Bank
Apr 13, 2011 OCC_OTS OneWest Bank, National Association Cease and Desist: OneWest Bank, FSB
Apr 13, 2011 OCC_OTS (individual) Cease and Desist: MERSCORP, Inc., and the Mortgage Electronic Registration Systems, Inc.
Apr 13, 2011 OCC_OTS Lender Processing Services Cease and Desist: Lender Processing Services, Inc; DocX, LLC; LPS Default Solutions, Inc.
Apr 13, 2011 OCC_OTS Imb Holdco LLC Cease and Desist: IMB HoldCo LLC
Apr 13, 2011 OCC_OTS EverBank Financial Corp Cease and Desist: EverBank Financial Corp.
Apr 13, 2011 OCC_OTS EverBank, N.A. Cease and Desist: EverBank
Apr 13, 2011 OCC_OTS Green Aurora Trust Cease and Desist: Aurora Bank FSB
Apr 13, 2011 FRB Bank of America Corporation Cease and Desist Order: Bank of America Corporation, Charlotte, North Carolina
Apr 13, 2011 FRB Citigroup Inc. Cease and Desist Order: Citigroup Inc., New York, New York and CitiFinancial Credit Company, …
Apr 13, 2011 FRB HSBC North America Holdings Inc. Cease and Desist Order: HSBC North America Holdings, Inc., New York, New York and …

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