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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
Oct 25, 2011 Austin Delaware Financial Corporation DE Austin Colony, Inc.
Oct 25, 2011 Dalhart Delaware Financial Corporation DE First Dalhart Bancshares, Inc.
Oct 24, 2011 F & M Bank, National Association, Oklahoma City, Oklahoma OK F&M Bank
Oct 22, 2011 Skylands Community Bank NJ Fulton Bank of New Jersey
Oct 22, 2011 Santa Lucia Bank CA Mission Community Bank
Oct 21, 2011 The Okemah National Bank OK BancFirst
Oct 19, 2011 Global Trust Bank CA United Business Bank
Oct 15, 2011 Security State Bank of Howard Lake MN Citizens Alliance Bank
Oct 15, 2011 Charter Bank NM WaFd Bank
Oct 15, 2011 Allegiance Community Bank NJ BCB Community Bank
Oct 14, 2011 Custodial Trust Company NJ JPMorgan Chase Bank, N.A.
Oct 13, 2011 Fullerton Federal Savings Association MD Fairmount Bank
Oct 8, 2011 Security State Bank ND Starion Bank
Oct 6, 2011 Northstar Delaware Financial Corporation DE Northstar Financial Corporation
Oct 6, 2011 First State Bank NE Cornerstone Bank
Oct 3, 2011 Signet Student Loan Corporation VA Wells Fargo & Company
Oct 3, 2011 Methode Federal Credit Union IL Encurage Financial Network
Oct 3, 2011 Greensburg Community Federal Credit Union PA Pheple Federal Credit Union
Oct 1, 2011 Michigan Service Credit Union MI American 1 Credit Union
Oct 1, 2011 Abington Bancorp, Inc PA Susquehanna Bancshares, Inc.
Oct 1, 2011 South Louisiana Business Bank LA Investar Bank, N.A.
Oct 1, 2011 FirstBank - St. Johns MI FirstBank - Alma
Oct 1, 2011 JD Financial Group, Inc. IL American Bancorp of Illinois, Inc.
Oct 1, 2011 Doral Bank, FSB NY Doral Bank
Oct 1, 2011 Northern Trust Bank, Federal Savings Bank MI The Northern Trust Company
Oct 1, 2011 Palmetto Capital, Inc. SC The Palmetto Bank
Oct 1, 2011 J.P. Morgan Investor Services Co. MA JPMorgan Chase Bank, N.A.
Oct 1, 2011 Kingsbury Bank Holding Company SD Leackco Bank Holding Company, Inc.
Oct 1, 2011 Arsebeco, Inc. NE Frontier Holdings, LLC
Oct 1, 2011 D & H Investments Corp. IA SSB Bancorp, Inc.
Oct 1, 2011 Chase Auto Finance Corp. NY JPMorgan Chase Bank, N.A.
Oct 1, 2011 Saint Nicholas Credit Union WI Kohler Credit Union
Oct 1, 2011 Minnesota Valley Credit Union MN Heartland Credit Union
Oct 1, 2011 North Jefferson County Catholic Credit Union MO Members 1st Credit Union
Oct 1, 2011 Eddy Employees Federal Credit Union MI Arbor Financial Credit Union
Oct 1, 2011 Nicolet Credit Union WI Ripco Credit Union
Oct 1, 2011 Pennsylvania Grange Federal Credit Union PA Service 1st Federal Credit Union
Oct 1, 2011 Interlakes Federal Credit Union SD Dakotaland Federal Credit Union
Oct 1, 2011 Stewart Credit Union TX Chevron Federal Credit Union
Oct 1, 2011 People's Priority Federal Credit Union NY Financial Trust Federal Credit Union
Oct 1, 2011 Valley Bank & Trust IA State Savings Bank
Oct 1, 2011 Saint Patrick Carleton Federal Credit Union MI Monroe Community Credit Union
Oct 1, 2011 Peninsula Methodist Federal Credit Union DE Dover Federal Credit Union
Oct 1, 2011 Tree Capital Credit Union FL Champions First Credit Union
Oct 1, 2011 Texas First Choice Federal Credit Union TX Prestige Community Credit Union
Oct 1, 2011 Northern Trust, National Association FL The Northern Trust Company
Oct 1, 2011 Federated Family Credit Union WI Great Lakes Credit Union
Oct 1, 2011 Peoples State Bank SD American Bank & Trust
Oct 1, 2011 Heart of the Lakes Credit Union MN Magnifi Financial Credit Union
Oct 1, 2011 Abington Savings Bank PA Susquehanna Bank

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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