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 |
|---|---|---|
| Mar 1, 2011 | Cuyahoga Falls Municipal Employees Credit Union, Inc. | Falls Catholic Credit Union, Inc. |
| Mar 1, 2011 | P a Federal Credit Union | Eagle Louisiana Federal Credit Union |
| Mar 1, 2011 | Sweetheart Cup Federal Credit Union | South Division Credit Union |
| Mar 1, 2011 | First National Bank | Homestead Bank |
| Mar 1, 2011 | FNS Inc. | C.S.B. Co. |
| Mar 1, 2011 | First Ipswich Bancorp | Brookline Bancorp, Inc. |
| Mar 1, 2011 | Wachovia Holdings, Inc. | Wells Fargo Bank, N.A. |
| Feb 19, 2011 | Bay-Hermann-Berger Bank | The Missouri Bank |
| Feb 19, 2011 | Saint James Parish School Employees Federal Credit Union | Jefferson Financial Federal Credit Union |
| Feb 18, 2011 | Ijl 2004, LLC | Wells Fargo & Company |
| Feb 14, 2011 | El Campo Bancshares of Nevada, Inc. | El Campo Bancshares, Inc. |
| Feb 12, 2011 | First Security Bank - Evansville | First Security Bank - Sleepy Eye |
| Feb 12, 2011 | Loveland Bank of Commerce | Verus Bank of Commerce |
| Feb 12, 2011 | Larimer Bank of Commerce | Verus Bank of Commerce |
| Feb 12, 2011 | American State Bank | Peoples Bank |
| Feb 5, 2011 | Chester National Bank of Missouri | Chester National Bank |
| Feb 1, 2011 | Motion Picture Federal Credit Union | Musicians' Interguild Credit Union |
| Feb 1, 2011 | Starenergy Credit Union | Chevron Federal Credit Union |
| Feb 1, 2011 | Elgin City Employees Credit Union | Credit Union 1 |
| Feb 1, 2011 | Charter Alliance Bank | Charter Bank |
| Feb 1, 2011 | American Premier Bank | First General Bank |
| Jan 31, 2011 | American Bell Federal Credit Union | Aneca Federal Credit Union |
| Jan 31, 2011 | A-B Credit Union | Heritage Credit Union |
| Jan 29, 2011 | Northern States Employees Credit Union | Governmental Employees Credit Union |
| Jan 29, 2011 | Continental Federal Credit Union | Alliant Credit Union |
| Jan 28, 2011 | Shiloh Baptist Church Federal Credit Union | Neighbors Federal Credit Union |
| Jan 26, 2011 | FNB Company of Delaware, L.L.C. | FNB Company |
| Jan 24, 2011 | Bank of Tucson | Bank of Tucson |
| Jan 22, 2011 | The First National Bank of La Follette | Community Trust Bank, Inc. |
| Jan 18, 2011 | Central Bank, FSB | Central Bank & Trust Company |
| Jan 15, 2011 | The Bank of Quapaw | The Baxter State Bank |
| Jan 15, 2011 | Nine Tribes Bancshares, Inc. | Baxter Bancshares, Inc. |
| Jan 13, 2011 | Olney Bancorp of Delaware, Inc. | Olney Bancshares of Texas, Inc. |
| Jan 11, 2011 | True North Financial Services, Inc. | Mountainone Bank |
| Jan 11, 2011 | Providers Employees Federal Credit Union | Empower Federal Credit Union |
| Jan 8, 2011 | Ironstone Bank | First-Citizens Bank & Trust Company |
| Jan 3, 2011 | Alcan Employees Credit Union | Louisville Metro Police Officers Credit Union |
| Jan 1, 2011 | Ufcw #916 Federal Credit Union | Members 1st Credit Union |
| Jan 1, 2011 | Home Town Community Credit Union | Bayport Federal Credit Union |
| Jan 1, 2011 | Alamosa Credit Union | Mountain River Credit Union |
| Jan 1, 2011 | The Felton Bank | Shore United Bank, N.A. |
| Jan 1, 2011 | Monroe Bank | Old National Bank |
| Jan 1, 2011 | Community Bank & Trust Company | First National Bank of Pennsylvania |
| Jan 1, 2011 | Bank of Fall River, a Co-operative Bank | BayCoast Bank |
| Jan 1, 2011 | St. Margarets Credit Union | Together Credit Union |
| Jan 1, 2011 | Cypress West Federal Credit Union | Skyone Federal Credit Union |
| Jan 1, 2011 | PNC Multifamily Mortgage LLC | PNC Bank, N.A. |
| Jan 1, 2011 | Bank of Kansas City, National Association | BOKF, N.A. |
| Jan 1, 2011 | Santander International Bank of Puerto Rico, Inc. | Banco Santander Puerto Rico |
| Jan 1, 2011 | American Community Bancorp, Inc. | German American Bancorp, Inc. |
The list holds 500 of the 547 mergers recorded for 2011.
Enforcement Actions in 2011
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Apr 13, 2011 | FRB | JPMorgan Chase & Co. | Cease and Desist Order: JPMorgan Chase & Co., New York, New York and EMC … |
| Apr 13, 2011 | FRB | (individual) | Cease and Desist Order: MERSCORP, Inc. and Mortgage ElectronicRegistration Systems, Inc., both of Reston, … |
| Apr 13, 2011 | FRB | Metlife, Inc. | Cease and Desist Order: MetLife, Inc., New York, New York |
| Apr 12, 2011 | OCC | Chino Commercial Bank, N.A. | Formal Agreement: Chino Commercial Bank, National Association |
| Apr 11, 2011 | FRB | Libertyville Bank & Trust Company, N.A. | Section 19 Letters: Jennifer R. Dillard |
| Apr 11, 2011 | FRB | Independent Bank Corporation | Section 19 Letters: Maggie E. Voss |
| Apr 11, 2011 | OCC | Sovereign Reit Holdings, Inc. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Sovereign Bank |
| Apr 11, 2011 | OCC_OTS | First Federal Savings Bank of Iowa | Orders of Removal/Prohibition: Matthew Petersen |
| Apr 7, 2011 Released Apr 12, 2011 | FRB | Centerbank, Inc. | Written Agreement: CenterBank, Inc., Jacksonville, Florida |
| Apr 7, 2011 | OCC | First National Bank Northwest Florida | Formal Agreement: First National Bank Northwest Florida |
| Apr 7, 2011 | OCC_OTS | First Federal Bank Texas | Civil Money Penalty: First Federal Bank Texas |
| Apr 7, 2011 Released Apr 12, 2011 | FRB | First Chicago Trust Company of Illinois | Prompt Corrective Action: First Chicago Bank & Trust, Chicago, Illinois |
| Apr 6, 2011 | OCC | Omni National Bank | Prohibition/Removal Orders: Lawrence, Karim Walthour |
| Apr 5, 2011 | OCC | Great Lakes Trust Company, N.A. | Formal Agreement: Great Lakes Bank, National Association |
| Apr 4, 2011 | OCC | Bank of America, N.A. | Prohibition/Removal Orders: Riggs, Jennifer |
| Apr 4, 2011 | OCC | Community State Bank, National Association | Prohibition/Removal Orders: Williams, Brian |
| Apr 4, 2011 | OCC | Bank of America, N.A. | Prohibition/Removal Orders: Montano, Jesse |
| Apr 4, 2011 | OCC | Tecumseh Federal Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Tecumseh Federal Bank |
| Apr 4, 2011 | OCC | Western National Bank | Capital Directive: Western National Bank |
| Apr 4, 2011 | OCC | Community State Bank, National Association | C&D or PC&D Requiring Restitution: Williams, Brian |
| Apr 4, 2011 | OCC_OTS | Tecumseh Federal Bank | Cease and Desist: Tecumseh Federal Bank |
| Mar 31, 2011 | OCC_OTS | Brooklyn Federal Savings Bank | Cease and Desist: Brooklyn Federal Savings Bank |
| Mar 31, 2011 | OCC_OTS | BFS Bancorp, MHC | Cease and Desist: BFS Bancorp, MHC and Brooklyn Federal Bancorp, Inc. |
| Mar 31, 2011 | OCC_OTS | Brooklyn Federal Savings Bank | Termination of Supervisory Agreement: Brooklyn Federal Savings Bank |
| Mar 31, 2011 | OCC_OTS | Brooklyn Federal Bancorp, Inc. | Termination of Supervisory Agreement: BFS Bancorp, MNC; Brooklyn Federal Bancorp, Inc. |
| Mar 28, 2011 | OCC | First National Bank in Mahnomen | Formal Agreement: First National Bank in Mahnomen |
| Mar 28, 2011 Released Mar 31, 2011 | FRB | First Financial Holding Co., Ltd. | Written Agreement: First Financial Holding Co., Ltd. and First Commercial Bank, Ltd., both of … |
| Mar 25, 2011 | OCC | Crossroads Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Crossroads Bank |
| Mar 25, 2011 | OCC_OTS | Crossroads Bank | Cease and Desist: Crossroads Bank |
| Mar 24, 2011 | OCC | First National Bank of Decatur County | Formal Agreement: First National Bank of Decatur County |
| Mar 24, 2011 | OCC | Southwestern National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Southwestern National Bank |
| Mar 23, 2011 | OCC | Pacific National Bank | Civil Money Penalty (CMP): Pacific National Bank |
| Mar 22, 2011 | OCC | Mainline National Bank | Formal Agreement: Mainline National Bank |
| Mar 22, 2011 | OCC_OTS | Midland Federal Savings and Loan Association | Civil Money Penalty: Jonas Vaznelis |
| Mar 22, 2011 | OCC_OTS | Midland Federal Savings and Loan Association | Civil Money Penalty: Michael J. Kukanza |
| Mar 22, 2011 | OCC_OTS | Midland Federal Savings and Loan Association | Civil Money Penalty: Richard Taylor |
| Mar 22, 2011 | OCC | The First National Bank of Germantown | Formal Agreement: The First National Bank of Germantown |
| Mar 22, 2011 | OCC_OTS | Saddle River Valley Bancorp | Orders of Removal/Prohibition: Thomas C. Haramis |
| Mar 22, 2011 | OCC_OTS | Sovereign Bancorp, Inc. | Orders of Removal/Prohibition: Shavar Eugene Sizer |
| Mar 22, 2011 | OCC_OTS | Midland Federal Savings and Loan Association | Civil Money Penalty: Charles Zogas |
| Mar 22, 2011 | OCC | Conway Bank, National Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Conway Bank, National Association |
| Mar 18, 2011 Released Mar 22, 2011 | FRB | Tidelands Bancshares, Inc. | Written Agreement: Tidelands Bancshares, Inc., Mount Pleasant, South Carolina |
| Mar 18, 2011 Released Mar 29, 2011 | FRB | First American International Bank | Written Agreement: First American International Corporation, Brooklyn, New York |
| Mar 17, 2011 | OCC | The First National Bank of Wyoming | Formal Agreement: The First National Bank of Wyoming |
| Mar 17, 2011 Released Mar 22, 2011 | FRB | Northern States Financial Corporation | Written Agreement: Northern States Financial Corporation, Waukegan, Illinois |
| Mar 17, 2011 | OCC | Eagle Valley Bank, National Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Eagle Valley Bank, National Association |
| Mar 16, 2011 | OCC_OTS | Delanco Federal Savings Bank | Termination of Supervisory Agreement: Delanco Federal Savings Bank |
| Mar 16, 2011 | FRB | Suntrust Bank | Section 19 Letters: Jacinda James |
| Mar 15, 2011 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Budd, Stacey L. |
| Mar 15, 2011 | OCC | Southern First Bank | Prohibition/Removal Orders: Mackie, Collin D. |
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