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 |
|---|---|---|
| Dec 16, 2011 | Western National Bank | $162.9M |
| Dec 16, 2011 | Premier Community Bank of the Emerald Coast | $126.0M |
| Nov 18, 2011 | Central Progressive Bank | $383.1M |
| Nov 18, 2011 | Polk County Bank | $91.6M |
| Nov 10, 2011 | Community Bank of Rockmart | $62.4M |
| Nov 4, 2011 | Sunfirst Bank | $198.1M |
| Nov 4, 2011 | Mid City Bank, Inc. | $106.1M |
| Oct 28, 2011 | All American Bank | $34.8M |
| Oct 21, 2011 | Community Banks of Colorado | $1.28B |
| Oct 21, 2011 | Old Harbor Bank | $209.0M |
| Oct 21, 2011 | Decatur First Bank | $184.8M |
| Oct 21, 2011 | Community Capital Bank | $165.3M |
| Oct 14, 2011 | Piedmont Community Bank | $199.0M |
| Oct 14, 2011 | Country Bank | $195.0M |
| Oct 14, 2011 | First State Bank | $191.9M |
| Oct 14, 2011 | Blue Ridge Savings Bank, Inc. | $161.4M |
| Oct 7, 2011 | The Riverbank | $419.7M |
| Oct 7, 2011 | Sun Security Bank | $351.5M |
| Sep 30, 2011 | First International Bank | $239.9M |
| Sep 23, 2011 | Bank of the Commonwealth | $985.1M |
| Sep 23, 2011 | Citizens Bank of Northern California | $288.8M |
| Sep 9, 2011 | The First National Bank of Florida | $296.8M |
| Sep 2, 2011 | Patriot Bank of Georgia | $150.8M |
| Sep 2, 2011 | Creekside Bank | $102.3M |
| Aug 19, 2011 | Lydian Private Bank | $1.70B |
| Aug 19, 2011 | First Southern National Bank | $164.6M |
| Aug 19, 2011 | First Choice Bank | $141.0M |
| Aug 18, 2011 | Public Savings Bank | $46.8M |
| Aug 12, 2011 | The First National Bank of Olathe | $538.1M |
| Aug 5, 2011 | Bank of Whitman | $548.6M |
| Aug 5, 2011 | Bank of Shorewood | $110.7M |
| Jul 29, 2011 | Integra Bank N.A. | $1.99B |
| Jul 29, 2011 | Bankmeridian, N.A. | $232.6M |
| Jul 29, 2011 | Virginia Business Bank | $83.5M |
| Jul 22, 2011 | Bank of Choice | $954.1M |
| Jul 22, 2011 | Landmark Bank of Florida | $266.5M |
| Jul 22, 2011 | Southshore Community Bank | $41.3M |
| Jul 15, 2011 | First Peoples Bank | $225.0M |
| Jul 15, 2011 | High Trust Bank | $180.3M |
| Jul 15, 2011 | One Georgia Bank | $177.7M |
| Jul 15, 2011 | Summit Bank | $73.1M |
| Jul 8, 2011 | First Chicago Bank & Trust | $896.9M |
| Jul 8, 2011 | Colorado Capital Bank | $665.8M |
| Jul 8, 2011 | Signature Bank | $62.5M |
| Jun 24, 2011 | Mountain Heritage Bank | $103.7M |
| Jun 17, 2011 | McIntosh State Bank | $339.9M |
| Jun 17, 2011 | First Commercial Bank of Tampa Bay | $98.6M |
| Jun 3, 2011 | Atlantic Bank and Trust | $208.2M |
| May 27, 2011 | First Heritage Bank | $173.5M |
| May 20, 2011 | Atlantic Southern Bank | $741.9M |
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 |
|---|---|---|
| Oct 1, 2011 | First State Bank of Alexandria | BlackRidgeBANK |
| Oct 1, 2011 | Vanguard Community Credit Union | Connect Credit Union |
| Oct 1, 2011 | The Union Savings Bank | Central Bank of Sedalia |
| Oct 1, 2011 | Catholic Credit Union | Solarity Credit Union |
| Oct 1, 2011 | National Capital Federal Credit Union | Market USA Federal Credit Union |
| Oct 1, 2011 | Saint Vrain Valley Credit Union | Elevations Credit Union |
| Oct 1, 2011 | Haverhill Credit Union | Align Credit Union |
| Oct 1, 2011 | Lakewood Bank, National Association | BlackRidgeBANK |
| Oct 1, 2011 | Tesoro Employees Federal Credit Union | Synergy Federal Credit Union |
| Oct 1, 2011 | Brownberry Credit Union | Landmark Credit Union |
| Oct 1, 2011 | Bluebonnet Credit Union | Texas Dow Employees Credit Union |
| Sep 30, 2011 | CHH Credit Union | Northwest Hills Credit Union |
| Sep 30, 2011 | Elgin State Bancorp, Inc. | Wintrust Financial Corporation |
| Sep 30, 2011 | Sentry Federal Credit Union | Franklin Mint Federal Credit Union |
| Sep 30, 2011 | The Elgin State Bank | St. Charles Bank & Trust Company, N.A. |
| Sep 30, 2011 | Bradford Postal Cu | Bradford Area Federal Credit Union |
| Sep 29, 2011 | Gsi Avonmore Employees Federal Credit Union | Usx Federal Credit Union |
| Sep 27, 2011 | MT. Vernon Financial Holdings, Inc. | Premier Financial Bancorp, Inc. |
| Sep 24, 2011 | Ventura County Business Bank | Royal Business Bank |
| Sep 24, 2011 | State Bank & Trust Company | State Bank |
| Sep 17, 2011 | Berkshire Bancorp, Inc. | Customers Bancorp, Inc |
| Sep 17, 2011 | First Western Trust Bank | First Western Trust Bank |
| Sep 17, 2011 | Berkshire Bank | Customers Bank |
| Sep 8, 2011 | GreenBank | Capital Bank Corporation |
| Sep 8, 2011 | Dremco Credit Union | Ascend Federal Credit Union |
| Sep 4, 2011 | Champlain Federal Credit Union | Dannemora Federal Credit Union |
| Sep 1, 2011 | Sofcu Community Credit Union | First Community Credit Union |
| Sep 1, 2011 | RBC Trust Company (NC) LLC | Renasant Bank |
| Sep 1, 2011 | First Union Title Corporation | WFC Holdings, LLC |
| Sep 1, 2011 | Watermark Credit Union | Sound Credit Union |
| Sep 1, 2011 | Motorists Insurance Employees Credit Union, Inc. | Pathways Financial Credit Union, Inc. |
| Sep 1, 2011 | Poc Federal Credit Union | Pinellas Federal Credit Union |
| Sep 1, 2011 | N W C S Federal Credit Union | Alero Financial Credit Union |
| Sep 1, 2011 | Premier Financial Credit Union | American 1 Credit Union |
| Sep 1, 2011 | Glen Ullin Credit Union | Western Cooperative Credit Union |
| Sep 1, 2011 | Chicago Heights Onized Federal Credit Union | Great Lakes Credit Union |
| Sep 1, 2011 | Saint Pauls Baptist Federal Credit Union | Henrico Federal Credit Union |
| Sep 1, 2011 | The Bank of McLouth | The Union State Bank of Everest |
| Aug 31, 2011 | St. Vincents Employees Federal Credit Union | McGraw Hill Federal Credit Union |
| Aug 31, 2011 | Orange Community Bancorp | Grandpoint Capital, Inc. |
| Aug 31, 2011 | Orange Community Bank | Grandpoint Bank |
| Aug 31, 2011 | Peoples Bancorp of Delaware, Inc. | Peoples Bancorp, Inc. |
| Aug 31, 2011 | Fountain Baptist Federal Credit Union | Affinity Federal Credit Union |
| Aug 31, 2011 | W P S Credit Union | Community First Credit Union |
| Aug 27, 2011 | Canton State Bank | First Southeast Bank |
| Aug 27, 2011 | The Merchants & Farmers Bank | United Mississippi Bank |
| Aug 24, 2011 | Golden Security Bank | First General Bank |
| Aug 23, 2011 | Eagle Bank | Round Top State Bank |
| Aug 20, 2011 | Security State Bank | Peoples State Bank |
| Aug 20, 2011 | Community Thrift Holding Company | Community Holding Company |
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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