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 |
|---|---|---|
| May 20, 2011 | First Georgia Banking Company | $731.0M |
| May 20, 2011 | Summit Bank | $142.7M |
| May 6, 2011 | Coastal Bank | $129.4M |
| Apr 29, 2011 | The Park Avenue Bank | $849.4M |
| Apr 29, 2011 | Community Central Bank | $451.7M |
| Apr 29, 2011 | First National Bank of Central Florida | $342.1M |
| Apr 29, 2011 | First Choice Community Bank | $291.2M |
| Apr 29, 2011 | Cortez Community Bank | $66.3M |
| Apr 15, 2011 | Superior Bank | $2.98B |
| Apr 15, 2011 | Nexity Bank | $757.6M |
| Apr 15, 2011 | Bartow County Bank | $314.0M |
| Apr 15, 2011 | Heritage Banking Group | $228.3M |
| Apr 15, 2011 | New Horizons Bank | $103.1M |
| Apr 15, 2011 | Rosemount National Bank | $21.5M |
| Apr 8, 2011 | Western Springs National Bank and Trust | $186.7M |
| Apr 8, 2011 | Nevada Commerce Bank | $135.1M |
| Mar 25, 2011 | The Bank of Commerce | $163.1M |
| Mar 11, 2011 | Legacy Bank | $190.4M |
| Mar 11, 2011 | The First National Bank of Davis | $90.2M |
| Feb 25, 2011 | Valley Community Bank | $123.8M |
| Feb 18, 2011 | Habersham Bank | $387.7M |
| Feb 18, 2011 | San Luis Trust Bank, FSB | $332.6M |
| Feb 18, 2011 | Citizens Bank of Effingham | $214.3M |
| Feb 18, 2011 | Charter Oak Bank | $120.8M |
| Feb 11, 2011 | Peoples State Bank | $390.5M |
| Feb 11, 2011 | Canyon National Bank | $210.9M |
| Feb 11, 2011 | Sunshine State Community Bank | $125.5M |
| Feb 11, 2011 | Badger State Bank | $83.8M |
| Feb 4, 2011 | American Trust Bank | $238.2M |
| Feb 4, 2011 | North Georgia Bank | $153.2M |
| Feb 4, 2011 | Community First Bank - Chicago | $51.1M |
| Jan 28, 2011 | First Community Bank | $2.19B |
| Jan 28, 2011 | Firstier Bank | $764.1M |
| Jan 28, 2011 | Evergreen State Bank | $240.9M |
| Jan 28, 2011 | The First State Bank | $44.5M |
| Jan 21, 2011 | United Western Bank | $2.15B |
| Jan 21, 2011 | Communitysouth Bank and Trust | $341.0M |
| Jan 21, 2011 | The Bank of Asheville | $204.9M |
| Jan 21, 2011 | Enterprise Banking Company | $99.5M |
| Jan 14, 2011 | Oglethorpe Bank | $211.1M |
| Jan 7, 2011 | First Commercial Bank of Florida | $578.6M |
| Jan 7, 2011 | Legacy Bank | $136.4M |
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 |
|---|---|---|
| Jul 9, 2011 | Centra Financial Corporation-Morgantown, Inc | Ubc Holding Company, Inc. |
| Jul 9, 2011 | Centra Financial Corporation-Hagerstown, Inc. | Ubc Holding Company, Inc. |
| Jul 9, 2011 | First Asian Bank | Royal Business Bank |
| Jul 9, 2011 | Centra Financial Corporation-Uniontown, Inc. | Ubc Holding Company, Inc. |
| Jul 9, 2011 | Centra Financial Corporation-Martinsburg, Inc | Ubc Holding Company, Inc. |
| Jul 9, 2011 | Centra Financial Holdings, Inc. | Ubc Holding Company, Inc. |
| Jul 7, 2011 | First National Bank of Ruidoso | First National Bank |
| Jul 6, 2011 | M & I Bank N.A. | BMO Bank N.A. |
| Jul 6, 2011 | Marshall & Ilsley Corporation | BMO Financial Corp. |
| Jul 6, 2011 | The Harris Bank National Association | BMO Bank N.A. |
| Jul 6, 2011 | M&I Marshall and Ilsley Bank | BMO Bank N.A. |
| Jul 2, 2011 | F&M Mortgage Company, L.L.C. | The F&M Bank & Trust Company |
| Jul 1, 2011 | MidCarolina Bank | American National Bank and Trust Company |
| Jul 1, 2011 | Northern States Power Company Fargo Division Federal Credit Union | Town & Country Credit Union |
| Jul 1, 2011 | Western States Envelope Credit Union | Landmark Credit Union |
| Jul 1, 2011 | U.F.C.W. Local Federal Credit Union | Finex Credit Union |
| Jul 1, 2011 | Maroa Forsyth Community Bank | Scott State Bank |
| Jul 1, 2011 | T C U 579 Credit Union | Heartland Credit Union |
| Jul 1, 2011 | Creamery Credit Union | North Star Community Credit Union |
| Jul 1, 2011 | Frontier Federal Credit Union | The Summit Federal Credit Union |
| Jul 1, 2011 | J C S Employees Federal Credit Union | Atomic Credit Union, Inc. |
| Jul 1, 2011 | West Covina Federal Credit Union | Prospectors Federal Credit Union |
| Jul 1, 2011 | Hungarian Reformed Church Sick Benefit Society Federal Credit Union | Genfed Financial Credit Union, Inc. |
| Jul 1, 2011 | Seacoast Credit Union | Service Federal Credit Union |
| Jul 1, 2011 | Ukrainian Credit Union | Trustone Financial Credit Union |
| Jul 1, 2011 | Weber Credit Union | Wasatch Peaks Federal Credit Union |
| Jul 1, 2011 | Citibank (South Dakota), N.A. | Citibank, N.A. |
| Jul 1, 2011 | Bank of Greensburg | First Guaranty Bank |
| Jul 1, 2011 | Minnesota Catholic Credit Union | Minnesota Catholic Credit Union |
| Jul 1, 2011 | First Community Bank | Arbor Bank |
| Jul 1, 2011 | Missions Building Federal Credit Union | Harvester Financial Credit Union |
| Jul 1, 2011 | Benchmark Credit Union | Complex Community Federal Credit Union |
| Jul 1, 2011 | Maricopa Santa Fe Federal Credit Union | Sunwest Federal Credit Union |
| Jul 1, 2011 | Danversbank | People's United Bank, National Association |
| Jul 1, 2011 | Kulia Ohana Federal Credit Union | Valley Isle Community Federal Credit Union |
| Jul 1, 2011 | Klann Employees Credit Union | Valley Community Credit Union |
| Jul 1, 2011 | Lakeland Postal Employees Federal Credit Union | Priority Credit Union |
| Jul 1, 2011 | Heritage Bank, National Association | Heritage Bank, N.A. |
| Jul 1, 2011 | Huntingdon County Federal Credit Union | Arize Federal Credit Union |
| Jul 1, 2011 | Jackson Vibrators Employees Credit Union | Preferred Credit Union |
| Jul 1, 2011 | Southtrust Mortgage Corporation | Wells Fargo Bank, N.A. |
| Jul 1, 2011 | Meridian Mortgage Corporation | Wells Fargo Bank, N.A. |
| Jul 1, 2011 | VNB Mortgage Services, Inc. | Valley National Bank |
| Jul 1, 2011 | Wilmington Trust, National Association | Wilmington Trust, N.A. |
| Jul 1, 2011 | SBL, Inc | State Bank Financial |
| Jul 1, 2011 | Merrill Lynch Credit Corporation | Bank of America, N.A. |
| Jul 1, 2011 | Danvers Bancorp, Inc. | People's United Financial, Inc. |
| Jul 1, 2011 | Bac Home Loans Servicing, LP | Bank of America, N.A. |
| Jul 1, 2011 | Citizens Bank Wealth Management, N.A. | Citizens Bank |
| Jul 1, 2011 | Midcarolina Financial Corporation | American National Bankshares Inc. |
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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