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 1, 2011	Wells Fargo Financial Mississippi 2, Inc.	IA	Wells Fargo Bank, N.A.
Jul 1, 2011	Wells Fargo Financial Mississippi, Inc.	IA	Wells Fargo Bank, N.A.
Jul 1, 2011	M&T Trust Company of Delaware	DE	Wilmington Trust, N.A.
Jul 1, 2011	Wells Fargo Dealer Services, Inc.	NC	Wells Fargo Bank, N.A.
Jul 1, 2011	Founders Bank, SSB	TX	Vista Bank Texas
Jul 1, 2011	Greensburg Bancshares, Inc.	LA	First Guaranty Bancshares, Inc.
Jul 1, 2011	Wells Fargo Trade Capital, LLC	NY	Wells Fargo Bank, N.A.
Jun 30, 2011	Hico Delaware Bancshares, Inc.	DE	First National Bancshares of Hico, Inc.
Jun 30, 2011	Capital Bank	NC	Capital Bank Corporation
Jun 30, 2011	Lebco Educators Federal Credit Union	PA	Belco Community Credit Union
Jun 30, 2011	Cascade Bank	WA	Opus Bank
Jun 25, 2011	Alton Area Employees Federal Credit Union	IL	1st Midamerica Credit Union
Jun 18, 2011	Farmers State Bank, Astoria	IL	Better Banks
Jun 18, 2011	Charleston Newspapers Federal Credit Union	WV	Members Choice WV Federal Credit Union
Jun 17, 2011	Exchange National Bank of Moore	OK	BancFirst
Jun 14, 2011	First National Bank of Borger	TX	Interbank
Jun 10, 2011	First Community Bank	IA	Dubuque Bank and Trust Company
Jun 5, 2011	Hancock Bank of Alabama	AL	Whitney Bank
Jun 5, 2011	Whitney Holding Corporation	LA	Hancock Whitney Corporation
Jun 5, 2011	Whitney National Bank	LA	Whitney Bank
Jun 4, 2011	First National Bank & Trust Co. of Leavenworth	KS	Exchange Bank & Trust
Jun 3, 2011	Farmers State Bank of Sherburn	MN	Bank Midwest
Jun 1, 2011	Portland Onized Federal Credit Union	OR	Rivermark Community Credit Union
Jun 1, 2011	First Community Bank of America	FL	C1 Bank
Jun 1, 2011	North Penn Bancorp, Inc	PA	Norwood Financial Corp.
Jun 1, 2011	Omni Bancshares, Inc.	LA	Iberiabank Corporation
Jun 1, 2011	Morgan Stanley Credit Corporation	IL	Morgan Stanley Private Bank, N.A.
Jun 1, 2011	Omni Bank	LA	Iberiabank
Jun 1, 2011	Cameron Bancshares, Inc.	LA	Iberiabank Corporation
Jun 1, 2011	Chase Equipment Finance, Inc.	OH	JPMorgan Chase Bank, N.A.
Jun 1, 2011	Telecommunity Credit Union	OH	Towpath Credit Union
Jun 1, 2011	Westchester Federal Credit Union	NY	Nea Federal Credit Union
Jun 1, 2011	Church of Brethren Credit Union	IL	Alero Financial Credit Union
Jun 1, 2011	Dallas Cotton Belt Employees Credit Union	TX	Corner Stone Credit Union
Jun 1, 2011	H F Credit Union	IL	Great Lakes Credit Union
Jun 1, 2011	North Penn Bank	PA	Wayne Bank
Jun 1, 2011	Sears Waco Credit Union	TX	First Central Credit Union
Jun 1, 2011	Cameron State Bank	LA	Iberiabank
Jun 1, 2011	Media Hawaii Federal Credit Union	HI	Aloha Pacific Federal Credit Union
Jun 1, 2011	Saugus Federal Credit Union	MA	Webster First Federal Credit Union
Jun 1, 2011	Morse Chain Ithaca Employees	NY	Beginnings Credit Union
May 31, 2011	Hospitality Community Federal Credit Union	DC	Transit Employees Federal Credit Union
May 28, 2011	Hamptons State Bank	NY	Dime Commercial Bank
May 28, 2011	Charter Private Bank	WA	Boston Private Bank & Trust Company
May 28, 2011	Borel Private Bank & Trust Company	CA	Boston Private Bank & Trust Company
May 28, 2011	First Private Bank & Trust	CA	Boston Private Bank & Trust Company
May 23, 2011	Local 701 I B E W Federal Credit Union	IL	Great Lakes Credit Union
May 21, 2011	FirstBank of Arizona, Inc.	AZ	FirstBank
May 20, 2011	Treaty Oak Bank	TX	Northstar Bank
May 17, 2011	Abigail Adams National Bancorp, Inc.	DC	Premier Financial 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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