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 |
|---|---|---|
| May 20, 2011 | First Georgia Banking Company | $731.0M |
| May 20, 2011 | Summit Bank | $142.7M |
| May 6, 2011 | Coastal Bank | $129.4M |
| Apr 29, 2011 | The Park Avenue Bank | $849.4M |
| Apr 29, 2011 | Community Central Bank | $451.7M |
| Apr 29, 2011 | First National Bank of Central Florida | $342.1M |
| Apr 29, 2011 | First Choice Community Bank | $291.2M |
| Apr 29, 2011 | Cortez Community Bank | $66.3M |
| Apr 15, 2011 | Superior Bank | $2.98B |
| Apr 15, 2011 | Nexity Bank | $757.6M |
| Apr 15, 2011 | Bartow County Bank | $314.0M |
| Apr 15, 2011 | Heritage Banking Group | $228.3M |
| Apr 15, 2011 | New Horizons Bank | $103.1M |
| Apr 15, 2011 | Rosemount National Bank | $21.5M |
| Apr 8, 2011 | Western Springs National Bank and Trust | $186.7M |
| Apr 8, 2011 | Nevada Commerce Bank | $135.1M |
| Mar 25, 2011 | The Bank of Commerce | $163.1M |
| Mar 11, 2011 | Legacy Bank | $190.4M |
| Mar 11, 2011 | The First National Bank of Davis | $90.2M |
| Feb 25, 2011 | Valley Community Bank | $123.8M |
| Feb 18, 2011 | Habersham Bank | $387.7M |
| Feb 18, 2011 | San Luis Trust Bank, FSB | $332.6M |
| Feb 18, 2011 | Citizens Bank of Effingham | $214.3M |
| Feb 18, 2011 | Charter Oak Bank | $120.8M |
| Feb 11, 2011 | Peoples State Bank | $390.5M |
| Feb 11, 2011 | Canyon National Bank | $210.9M |
| Feb 11, 2011 | Sunshine State Community Bank | $125.5M |
| Feb 11, 2011 | Badger State Bank | $83.8M |
| Feb 4, 2011 | American Trust Bank | $238.2M |
| Feb 4, 2011 | North Georgia Bank | $153.2M |
| Feb 4, 2011 | Community First Bank - Chicago | $51.1M |
| Jan 28, 2011 | First Community Bank | $2.19B |
| Jan 28, 2011 | Firstier Bank | $764.1M |
| Jan 28, 2011 | Evergreen State Bank | $240.9M |
| Jan 28, 2011 | The First State Bank | $44.5M |
| Jan 21, 2011 | United Western Bank | $2.15B |
| Jan 21, 2011 | Communitysouth Bank and Trust | $341.0M |
| Jan 21, 2011 | The Bank of Asheville | $204.9M |
| Jan 21, 2011 | Enterprise Banking Company | $99.5M |
| Jan 14, 2011 | Oglethorpe Bank | $211.1M |
| Jan 7, 2011 | First Commercial Bank of Florida | $578.6M |
| Jan 7, 2011 | Legacy Bank | $136.4M |
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 |
|---|---|---|---|
| Mar 15, 2011 | OCC | Southern First Bank | Civil Money Penalty (CMP): Mackie, Collin D. |
| Mar 14, 2011 | FRB | Regions Bank | Section 19 Letters: Sadie Young Minor |
| Mar 11, 2011 | OCC_OTS | (individual) | Orders of Removal/Prohibition: Sherlynn M. Groat |
| Mar 10, 2011 | OCC_OTS | Pamrapo Bancorp, Inc. | Civil Money Penalty: William Campbell |
| Mar 10, 2011 | OCC_OTS | American Express Bank, FSB | Orders of Removal/Prohibition: Crystal Green |
| Mar 10, 2011 | OCC_OTS | Sovereign Bancorp, Inc. | Orders of Removal/Prohibition: Tianne Hunt |
| Mar 10, 2011 | OCC_OTS | Mid-Southern Savings Bank, FSB | Orders of Removal/Prohibition: Tina Parsley |
| Mar 10, 2011 | OCC_OTS | Pamrapo Bancorp, Inc. | Orders of Removal/Prohibition: William Campbell |
| Mar 9, 2011 Released Mar 15, 2011 | FRB | Pembina County Bankshares, Ltd. | Written Agreement: Pembina County Bankshares, Ltd., Cavalier, North Dakota |
| Mar 9, 2011 Released Mar 15, 2011 | FRB | Rurbanc Data Services, Inc. | Cease and Desist Order: Rurban Financial Corp. and Rurbanc Data Services, Inc., both of … |
| Mar 9, 2011 | OCC | Bank of America, N.A. | Prohibition/Removal Orders: Suan, Maria C. |
| Mar 8, 2011 Released Mar 15, 2011 | FRB | Tonganoxie Bankshares, Inc. | Written Agreement: Tonganoxie Bankshares, Inc., Tonganoxie, Kansas |
| Mar 8, 2011 | OCC | The First National Bank of Polk County | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Polk … |
| Mar 7, 2011 | OCC_OTS | Frontier Bank, National Association | Cease and Desist: Frontier Bank, FSB |
| Mar 7, 2011 | OCC_OTS | Western Community Bancshares Inc. | Cease and Desist: Western Community Bancshares, Inc. |
| Mar 7, 2011 | OCC | Frontier Bank, FSB dba El Paseo Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Frontier Bank, FSB |
| Mar 4, 2011 | OCC_OTS | Southfirst Bancshares, Inc. | Supervisory Agreement: Southfirst Bancshares, Inc. |
| Mar 4, 2011 | OCC | Cadence Holdings, Inc. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Cadence Bank, National Association |
| Mar 4, 2011 | OCC_OTS | Southfirst Bancshares, Inc. | Supervisory Agreement: SouthFirst Bank |
| Mar 3, 2011 | OCC_OTS | Generations Bank | Termination of Cease and Desist: Generations Bank |
| Mar 3, 2011 | OCC_OTS | Generations Bank | Cease and Desist: Generations Bank |
| Mar 3, 2011 | OCC | The Federal Savings Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Federal Savings Bank |
| Mar 3, 2011 Released Mar 8, 2011 | FRB | Stark Bank Group, Ltd. | Written Agreement: Stark Bank Group, Ltd. and First American Bank, both of Fort Dodge, … |
| Mar 3, 2011 | OCC_OTS | Eastern Federal Bank | Termination of Supervisory Agreement: Eastern Federal Bank |
| Mar 3, 2011 | OCC_OTS | People's United Financial, Inc. | Orders of Removal/Prohibition: Mina Philippe |
| Mar 2, 2011 | OCC_OTS | Colombo Bancshares, Inc. | Cease and Desist: Colombo Bank |
| Mar 2, 2011 | OCC_OTS | Central Federal Savings and Loan Association | Civil Money Penalty: Greg L. Diaz |
| Mar 2, 2011 | OCC | The First National Bank of Davis | Prompt Corrective Action (PCA) Directive: The First National Bank of Davis |
| Mar 2, 2011 | OCC | Colombo Bancshares, Inc. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Colombo Bank |
| Mar 1, 2011 | OCC_OTS | First Place Financial Corp. | Supervisory Agreement: First Place Financial Corp. |
| Mar 1, 2011 | OCC | Reliance Bank, FSB | Prompt Corrective Action (PCA) Directive: Reliance Bank, FSB |
| Mar 1, 2011 | OCC | Woodlands National Bank | Formal Agreement: Woodlands National Bank |
| Mar 1, 2011 | OCC | First Place Financial Corp. | Formal Agreement: First Place Bank |
| Mar 1, 2011 Released Mar 8, 2011 | FRB | Florida Bank Group, Inc. | Written Agreement: Florida Bank Group, Inc. and Florida Bank, both of Tampa, Florida |
| Mar 1, 2011 Released Mar 8, 2011 | FRB | Rosholt Bancorporation, Inc. | Written Agreement: Rosholt Bancorporation, Inc., Rosholt, Wisconsin |
| Mar 1, 2011 | OCC_OTS | First Place Financial Corp. | Supervisory Agreement: First Place Bank |
| Feb 28, 2011 | OCC | Continental Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Continental Bank |
| Feb 28, 2011 | OCC_OTS | Continental Bank | Cease and Desist: Continental Bank |
| Feb 28, 2011 | OCC_OTS | Continental Bank Holdings, Inc. | Cease and Desist: Continental Bank Holdings, Inc. |
| Feb 28, 2011 Released Mar 8, 2011 | FRB | Merchants Bancshares, Inc. | Written Agreement: Farmers and Merchants Bancshares, Inc., Burlington, Iowa |
| Feb 24, 2011 | OCC_OTS | First Community Bank of America | Cease and Desist: First Community Bank Corporation of America |
| Feb 24, 2011 | OCC_OTS | First Community Bank of America | Cease and Desist: First Community Bank of America |
| Feb 24, 2011 Released Mar 3, 2011 | FRB | Outsource Holdings, Inc. | Written Agreement: Outsource Holdings, Inc., Lubbock, Texas |
| Feb 23, 2011 | OCC_OTS | Bankatlantic | Cease and Desist: BankAtlantic |
| Feb 23, 2011 | OCC | Independence Federal Savings Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Independence Federal Savings Bank |
| Feb 23, 2011 | OCC_OTS | Bankatlantic Bancorp, Inc. | Cease and Desist: BankAtlantic Bancorp, Inc. |
| Feb 23, 2011 | OCC_OTS | Independence Federal Savings Bank | Cease and Desist: Independence Federal Savings Bank |
| Feb 22, 2011 | OCC_OTS | HMN Financial, Inc. | Supervisory Agreement: HMN Financial, Inc. |
| Feb 22, 2011 | OCC | American National Bank & Trust | Formal Agreement: American National Bank |
| Feb 22, 2011 | OCC | JPMorgan Chase Bank, N.A. | Civil Money Penalty (CMP): Moore, Matthew |
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