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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
Dec 16, 2011 Western National Bank Phoenix, AZ $162.9M Washington Federal
Dec 16, 2011 Premier Community Bank of the Emerald Coast Crestview, FL $126.0M Summit Bank, N.A.
Nov 18, 2011 Central Progressive Bank Lacombe, LA $383.1M First NBC Bank
Nov 18, 2011 Polk County Bank Johnston, IA $91.6M Grinnell State Bank
Nov 10, 2011 Community Bank of Rockmart Rockmart, GA $62.4M Century Bank of Georgia
Nov 4, 2011 Sunfirst Bank Saint George, UT $198.1M Cache Valley Bank
Nov 4, 2011 Mid City Bank, Inc. Omaha, NE $106.1M Purdum State Bank
Oct 28, 2011 All American Bank Des Plaines, IL $34.8M International Bank of Chicago
Oct 21, 2011 Community Banks of Colorado Greenwood Village, CO $1.28B Bank Midwest, N.A.
Oct 21, 2011 Old Harbor Bank Clearwater, FL $209.0M 1st United Bank
Oct 21, 2011 Decatur First Bank Decatur, GA $184.8M Fidelity Bank
Oct 21, 2011 Community Capital Bank Jonesboro, GA $165.3M State Bank and Trust Company
Oct 14, 2011 Piedmont Community Bank Gray, GA $199.0M State Bank and Trust Company
Oct 14, 2011 Country Bank Aledo, IL $195.0M Blackhawk Bank & Trust
Oct 14, 2011 First State Bank Cranford, NJ $191.9M Northfield Bank
Oct 14, 2011 Blue Ridge Savings Bank, Inc. Asheville, NC $161.4M Bank of North Carolina
Oct 7, 2011 The Riverbank Wyoming, MN $419.7M Central Bank
Oct 7, 2011 Sun Security Bank Ellington, MO $351.5M Great Southern Bank
Sep 30, 2011 First International Bank Plano, TX $239.9M American First National Bank
Sep 23, 2011 Bank of the Commonwealth Norfolk, VA $985.1M Southern Bank and Trust Company
Sep 23, 2011 Citizens Bank of Northern California Nevada City, CA $288.8M Tri Counties Bank
Sep 9, 2011 The First National Bank of Florida Milton, FL $296.8M Charterbank
Sep 2, 2011 Patriot Bank of Georgia Cumming, GA $150.8M Georgia Commerce Bank
Sep 2, 2011 Creekside Bank Woodstock, GA $102.3M Georgia Commerce Bank
Aug 19, 2011 Lydian Private Bank Palm Beach, FL $1.70B Sabadell United Bank, N.A.
Aug 19, 2011 First Southern National Bank Statesboro, GA $164.6M Heritage Bank of the South
Aug 19, 2011 First Choice Bank Geneva, IL $141.0M Inland Bank & Trust
Aug 18, 2011 Public Savings Bank Huntingdon Valley, PA $46.8M Capital Bank, N.A.
Aug 12, 2011 The First National Bank of Olathe Olathe, KS $538.1M Enterprise Bank & Trust
Aug 5, 2011 Bank of Whitman Colfax, WA $548.6M Columbia State Bank
Aug 5, 2011 Bank of Shorewood Shorewood, IL $110.7M Heartland Bank and Trust Company
Jul 29, 2011 Integra Bank N.A. Evansville, IN $1.99B Old National Bank
Jul 29, 2011 Bankmeridian, N.A. Columbia, SC $232.6M SCBT N.A.
Jul 29, 2011 Virginia Business Bank Richmond, VA $83.5M Xenith Bank
Jul 22, 2011 Bank of Choice Greeley, CO $954.1M Bank Midwest, N.A.
Jul 22, 2011 Landmark Bank of Florida Sarasota, FL $266.5M American Momentum Bank
Jul 22, 2011 Southshore Community Bank Apollo Beach, FL $41.3M American Momentum Bank
Jul 15, 2011 First Peoples Bank Port Saint Lucie, FL $225.0M Premier American Bank, N.A.
Jul 15, 2011 High Trust Bank Stockbridge, GA $180.3M Ameris Bank
Jul 15, 2011 One Georgia Bank Atlanta, GA $177.7M Ameris Bank
Jul 15, 2011 Summit Bank Prescott, AZ $73.1M The Foothills Bank
Jul 8, 2011 First Chicago Bank & Trust Chicago, IL $896.9M Northbrook Bank and Trust Company
Jul 8, 2011 Colorado Capital Bank Castle Rock, CO $665.8M First-Citizens Bank & Trust Company
Jul 8, 2011 Signature Bank Windsor, CO $62.5M Points West Community Bank
Jun 24, 2011 Mountain Heritage Bank Clayton, GA $103.7M First American Bank and Trust Company
Jun 17, 2011 McIntosh State Bank Jackson, GA $339.9M Hamilton State Bank
Jun 17, 2011 First Commercial Bank of Tampa Bay Tampa, FL $98.6M Stonegate Bank
Jun 3, 2011 Atlantic Bank and Trust Charleston, SC $208.2M First Citizens Bank and Trust Company, Inc.
May 27, 2011 First Heritage Bank Snohomish, WA $173.5M Columbia State Bank
May 20, 2011 Atlantic Southern Bank Macon, GA $741.9M Certus Bank, N.A.

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
Mar 1, 2011 Cuyahoga Falls Municipal Employees Credit Union, Inc. OH Falls Catholic Credit Union, Inc.
Mar 1, 2011 P a Federal Credit Union LA Eagle Louisiana Federal Credit Union
Mar 1, 2011 Sweetheart Cup Federal Credit Union IL South Division Credit Union
Mar 1, 2011 First National Bank NE Homestead Bank
Mar 1, 2011 FNS Inc. NE C.S.B. Co.
Mar 1, 2011 First Ipswich Bancorp MA Brookline Bancorp, Inc.
Mar 1, 2011 Wachovia Holdings, Inc. NC Wells Fargo Bank, N.A.
Feb 19, 2011 Bay-Hermann-Berger Bank MO The Missouri Bank
Feb 19, 2011 Saint James Parish School Employees Federal Credit Union LA Jefferson Financial Federal Credit Union
Feb 18, 2011 Ijl 2004, LLC NC Wells Fargo & Company
Feb 14, 2011 El Campo Bancshares of Nevada, Inc. NV El Campo Bancshares, Inc.
Feb 12, 2011 First Security Bank - Evansville MN First Security Bank - Sleepy Eye
Feb 12, 2011 Loveland Bank of Commerce CO Verus Bank of Commerce
Feb 12, 2011 Larimer Bank of Commerce CO Verus Bank of Commerce
Feb 12, 2011 American State Bank OK Peoples Bank
Feb 5, 2011 Chester National Bank of Missouri MO Chester National Bank
Feb 1, 2011 Motion Picture Federal Credit Union CA Musicians' Interguild Credit Union
Feb 1, 2011 Starenergy Credit Union CA Chevron Federal Credit Union
Feb 1, 2011 Elgin City Employees Credit Union IL Credit Union 1
Feb 1, 2011 Charter Alliance Bank TX Charter Bank
Feb 1, 2011 American Premier Bank CA First General Bank
Jan 31, 2011 American Bell Federal Credit Union LA Aneca Federal Credit Union
Jan 31, 2011 A-B Credit Union WI Heritage Credit Union
Jan 29, 2011 Northern States Employees Credit Union WI Governmental Employees Credit Union
Jan 29, 2011 Continental Federal Credit Union AZ Alliant Credit Union
Jan 28, 2011 Shiloh Baptist Church Federal Credit Union LA Neighbors Federal Credit Union
Jan 26, 2011 FNB Company of Delaware, L.L.C. DE FNB Company
Jan 24, 2011 Bank of Tucson AZ Bank of Tucson
Jan 22, 2011 The First National Bank of La Follette TN Community Trust Bank, Inc.
Jan 18, 2011 Central Bank, FSB KY Central Bank & Trust Company
Jan 15, 2011 The Bank of Quapaw OK The Baxter State Bank
Jan 15, 2011 Nine Tribes Bancshares, Inc. OK Baxter Bancshares, Inc.
Jan 13, 2011 Olney Bancorp of Delaware, Inc. DE Olney Bancshares of Texas, Inc.
Jan 11, 2011 True North Financial Services, Inc. MA Mountainone Bank
Jan 11, 2011 Providers Employees Federal Credit Union NY Empower Federal Credit Union
Jan 8, 2011 Ironstone Bank FL First-Citizens Bank & Trust Company
Jan 3, 2011 Alcan Employees Credit Union KY Louisville Metro Police Officers Credit Union
Jan 1, 2011 Ufcw #916 Federal Credit Union CA Members 1st Credit Union
Jan 1, 2011 Home Town Community Credit Union VA Bayport Federal Credit Union
Jan 1, 2011 Alamosa Credit Union CO Mountain River Credit Union
Jan 1, 2011 The Felton Bank DE Shore United Bank, N.A.
Jan 1, 2011 Monroe Bank IN Old National Bank
Jan 1, 2011 Community Bank & Trust Company PA First National Bank of Pennsylvania
Jan 1, 2011 Bank of Fall River, a Co-operative Bank MA BayCoast Bank
Jan 1, 2011 St. Margarets Credit Union MO Together Credit Union
Jan 1, 2011 Cypress West Federal Credit Union CA Skyone Federal Credit Union
Jan 1, 2011 PNC Multifamily Mortgage LLC CA PNC Bank, N.A.
Jan 1, 2011 Bank of Kansas City, National Association KS BOKF, N.A.
Jan 1, 2011 Santander International Bank of Puerto Rico, Inc. PR Banco Santander Puerto Rico
Jan 1, 2011 American Community Bancorp, Inc. IN 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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