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 |
|---|---|---|
| May 16, 2011 | Wilmington Trust Corporation | Wilmington Trust Corporation |
| May 13, 2011 | Texas First Bank | Texas First Bank |
| May 7, 2011 | Union National Community Bank | Union Community Bank |
| May 7, 2011 | Union National Financial Corporation the | Donegal Financial Services Corp. |
| May 6, 2011 | Wachovia Mortgage Corporation | Wells Fargo Bank, N.A. |
| May 4, 2011 | The First National Bank of Friend | Citizens State Bank |
| May 2, 2011 | Gea Federal Credit Union | Neighbors Federal Credit Union |
| May 2, 2011 | Public Library Employees Credit Union, Inc. | Community United Credit Union |
| May 1, 2011 | South Dekalb Church Federal Credit Union | Peach State Federal Credit Union |
| May 1, 2011 | Chase Home Finance LLC | JPMorgan Chase Bank, N.A. |
| May 1, 2011 | Chase Home Finance Inc. | JPMorgan Chase Bank, N.A. |
| May 1, 2011 | Capital One National Community Development Corporation | Capital One, N.A. |
| May 1, 2011 | Woodforest Bank | Woodforest National Bank |
| May 1, 2011 | Shores Area Credit Union | Unity Credit Union |
| May 1, 2011 | Elk Basin Federal Credit Union | Pathfinder Federal Credit Union |
| May 1, 2011 | Tulsa Metro Federal Credit Union | Fraternal Order of Police Federal Credit Union |
| May 1, 2011 | University Credit Union | Metro Credit Union |
| May 1, 2011 | Scottsbluff Federal Credit Union | Sugar Valley Federal Credit Union |
| May 1, 2011 | Alabama West Florida Methodist Federal Credit Union | Faith Connection Federal Credit Union |
| May 1, 2011 | The-Mac Federal Credit Union | Pioneer Appalachia Federal Credit Union |
| May 1, 2011 | State Employees Credit Union | Georgia United Credit Union |
| Apr 30, 2011 | Mount Hood Federal Credit Union | Peak Credit Union |
| Apr 30, 2011 | Sauk County Employees Credit Union | Summit Credit Union |
| Apr 30, 2011 | TIB Bank | Capital Bank Corporation |
| Apr 30, 2011 | Menasha Corporation Employees Credit Union | Community First Credit Union |
| Apr 30, 2011 | Cottrell Federal Credit Union | Wave Federal Credit Union |
| Apr 25, 2011 | City National Bancshares, Inc. | Bci Financial Group, Inc. |
| Apr 22, 2011 | Short Holding Company | First Prestonsburg Bancshares, Inc. |
| Apr 22, 2011 | Family Bank FSB | The First Commonwealth Bank of Prestonsburg, Inc. |
| Apr 16, 2011 | NewAlliance Bank | First Niagara Bank, N.A. |
| Apr 16, 2011 | Newalliance Bancshares, Inc. | 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 | Premier Bank, Inc. |
| Apr 9, 2011 | Fort Orange Financial Corp. | Chemung Financial Corporation |
| Apr 9, 2011 | First Central Bank, Inc. | Premier Bank, Inc. |
| Apr 9, 2011 | Capital Bank & Trust Company | Chemung Canal Trust Company, N.A. |
| Apr 9, 2011 | The Wilber Corporation | Community Financial System, Inc. |
| Apr 9, 2011 | First Security Bank - Lake Benton | First Security Bank - Canby |
| Apr 9, 2011 | Wilber National Bank | Community Bank, N.A. |
| Apr 9, 2011 | Adams National Bank | Premier Bank, Inc. |
| Apr 9, 2011 | Consolidated Bank and Trust Company | Premier Bank, Inc. |
| Apr 8, 2011 | North Tonawanda Community Federal Credit Union | Greater Together Federal Credit Union |
| Apr 6, 2011 | The Home Builders Association | Southern Hills Community Bank |
| Apr 5, 2011 | Mid-America Bancorp, Inc. | Mercantile Bancorp, Inc. |
| Apr 1, 2011 | Nantahala Bancshares, Inc. | Nantahala Bank & Trust Company |
| Apr 1, 2011 | Maryland Bankcorp, Inc. | Old Line Bancshares, Inc. |
| Apr 1, 2011 | Capital One Auto Finance, Inc. | Capital One, N.A. |
| Apr 1, 2011 | Rome Bancorp, Inc. | Beacon Financial Corporation |
| Apr 1, 2011 | Citizens Bankshares of Springhill, Inc. | Bonvenu Bancorp, Inc. |
| Apr 1, 2011 | West Haven Va Employees Federal Credit Union | 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 |
|---|---|---|---|
| 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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