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
Jul 9, 2011	Centra Financial Corporation-Morgantown, Inc	WV	Ubc Holding Company, Inc.
Jul 9, 2011	Centra Financial Corporation-Hagerstown, Inc.	WV	Ubc Holding Company, Inc.
Jul 9, 2011	First Asian Bank	NV	Royal Business Bank
Jul 9, 2011	Centra Financial Corporation-Uniontown, Inc.	WV	Ubc Holding Company, Inc.
Jul 9, 2011	Centra Financial Corporation-Martinsburg, Inc	WV	Ubc Holding Company, Inc.
Jul 9, 2011	Centra Financial Holdings, Inc.	WV	Ubc Holding Company, Inc.
Jul 7, 2011	First National Bank of Ruidoso	NM	First National Bank
Jul 6, 2011	M & I Bank N.A.	NV	BMO Bank N.A.
Jul 6, 2011	Marshall & Ilsley Corporation	WI	BMO Financial Corp.
Jul 6, 2011	The Harris Bank National Association	AZ	BMO Bank N.A.
Jul 6, 2011	M&I Marshall and Ilsley Bank	WI	BMO Bank N.A.
Jul 2, 2011	F&M Mortgage Company, L.L.C.	OK	The F&M Bank & Trust Company
Jul 1, 2011	MidCarolina Bank	NC	American National Bank and Trust Company
Jul 1, 2011	Northern States Power Company Fargo Division Federal Credit Union	ND	Town & Country Credit Union
Jul 1, 2011	Western States Envelope Credit Union	WI	Landmark Credit Union
Jul 1, 2011	U.F.C.W. Local Federal Credit Union	CT	Finex Credit Union
Jul 1, 2011	Maroa Forsyth Community Bank	IL	Scott State Bank
Jul 1, 2011	T C U 579 Credit Union	WI	Heartland Credit Union
Jul 1, 2011	Creamery Credit Union	IA	North Star Community Credit Union
Jul 1, 2011	Frontier Federal Credit Union	NY	The Summit Federal Credit Union
Jul 1, 2011	J C S Employees Federal Credit Union	OH	Atomic Credit Union, Inc.
Jul 1, 2011	West Covina Federal Credit Union	CA	Prospectors Federal Credit Union
Jul 1, 2011	Hungarian Reformed Church Sick Benefit Society Federal Credit Union	OH	Genfed Financial Credit Union, Inc.
Jul 1, 2011	Seacoast Credit Union	NH	Service Federal Credit Union
Jul 1, 2011	Ukrainian Credit Union	MN	Trustone Financial Credit Union
Jul 1, 2011	Weber Credit Union	UT	Wasatch Peaks Federal Credit Union
Jul 1, 2011	Citibank (South Dakota), N.A.	SD	Citibank, N.A.
Jul 1, 2011	Bank of Greensburg	LA	First Guaranty Bank
Jul 1, 2011	Minnesota Catholic Credit Union	MN	Minnesota Catholic Credit Union
Jul 1, 2011	First Community Bank	IA	Arbor Bank
Jul 1, 2011	Missions Building Federal Credit Union	IN	Harvester Financial Credit Union
Jul 1, 2011	Benchmark Credit Union	TX	Complex Community Federal Credit Union
Jul 1, 2011	Maricopa Santa Fe Federal Credit Union	AZ	Sunwest Federal Credit Union
Jul 1, 2011	Danversbank	MA	People's United Bank, National Association
Jul 1, 2011	Kulia Ohana Federal Credit Union	HI	Valley Isle Community Federal Credit Union
Jul 1, 2011	Klann Employees Credit Union	VA	Valley Community Credit Union
Jul 1, 2011	Lakeland Postal Employees Federal Credit Union	FL	Priority Credit Union
Jul 1, 2011	Heritage Bank, National Association	IA	Heritage Bank, N.A.
Jul 1, 2011	Huntingdon County Federal Credit Union	PA	Arize Federal Credit Union
Jul 1, 2011	Jackson Vibrators Employees Credit Union	MI	Preferred Credit Union
Jul 1, 2011	Southtrust Mortgage Corporation	GA	Wells Fargo Bank, N.A.
Jul 1, 2011	Meridian Mortgage Corporation	PA	Wells Fargo Bank, N.A.
Jul 1, 2011	VNB Mortgage Services, Inc.	NJ	Valley National Bank
Jul 1, 2011	Wilmington Trust, National Association	MD	Wilmington Trust, N.A.
Jul 1, 2011	SBL, Inc	WI	State Bank Financial
Jul 1, 2011	Merrill Lynch Credit Corporation	FL	Bank of America, N.A.
Jul 1, 2011	Danvers Bancorp, Inc.	MA	People's United Financial, Inc.
Jul 1, 2011	Bac Home Loans Servicing, LP	TX	Bank of America, N.A.
Jul 1, 2011	Citizens Bank Wealth Management, N.A.	MI	Citizens Bank
Jul 1, 2011	Midcarolina Financial Corporation	NC	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 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.

Browse adjacent years: 2010 · 2012

Or jump to a category: Failures · Mergers · Enforcement · Assistance