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 |
|---|---|---|
| Apr 1, 2011 | Como Northtown Community Credit Union | Topline Financial Credit Union |
| Apr 1, 2011 | Valdosta Educators Credit Union | Mea Federal Credit Union |
| Apr 1, 2011 | Arizona Heritage Credit Union | Credit Union West |
| Apr 1, 2011 | West Haven Municipal Federal Credit Union | Greater West Haven Federal Credit Union |
| Apr 1, 2011 | MT. Garfield Federal Credit Union | Rio Grande Federal Credit Union |
| Apr 1, 2011 | North State Telco Credit Union | Triad Partners Federal Credit Union |
| Apr 1, 2011 | The Rome Savings Bank | Berkshire Bank |
| Apr 1, 2011 | Salt Lake City V a F Federal Credit Union | American United Federal Credit Union |
| Apr 1, 2011 | Treasury Credit Union | Federal Family Federal Credit Union |
| Apr 1, 2011 | Holston Valley Credit Union | Eastman Credit Union |
| Apr 1, 2011 | Leaf River Federal Credit Union | Pine Belt Federal Credit Union |
| Apr 1, 2011 | Cal State Central Credit Union of the North Bay | Redwood Credit Union |
| Apr 1, 2011 | Community 1 Federal Credit Union | Carolina Foothills Federal Credit Union |
| Apr 1, 2011 | Athol-Clinton Co-operative Bank | Bankhometown |
| Apr 1, 2011 | Maryland Bank and Trust Company, National Association | Old Line Bank |
| Apr 1, 2011 | Communication Services Credit Union | Sagelink Credit Union |
| Mar 31, 2011 | Bank Iowa | Bank Iowa |
| Mar 31, 2011 | Northwest Community Bank | Byline Bank |
| Mar 31, 2011 | Community Bank of DuPage | Metrobank |
| Mar 31, 2011 | First National Bankers Bank, Alabama | First National Bankers Bank |
| Mar 31, 2011 | Mississippi National Bankers Bank | First National Bankers Bank |
| Mar 31, 2011 | Bank Iowa | Bank Iowa |
| Mar 31, 2011 | Arkansas Bankers Bank | First National Bankers Bank |
| Mar 31, 2011 | NC Bancorp, Inc. | Byline Bancorp, Inc. |
| Mar 31, 2011 | Bank Iowa | Bank Iowa |
| Mar 31, 2011 | Metropolitan Bank and Trust Company | Metrobank |
| Mar 31, 2011 | Bank Iowa | Bank Iowa |
| Mar 31, 2011 | Bank Iowa | Bank Iowa |
| Mar 31, 2011 | Onized Oakland Federal Credit Union | Allied Trades Credit Union |
| Mar 31, 2011 | Bank Iowa | Bank Iowa |
| Mar 31, 2011 | Chicago Community Bank | Metrobank |
| Mar 31, 2011 | Edens Bank | Byline Bank |
| Mar 31, 2011 | Wells Fargo Central Bank | Wells Fargo Bank, N.A. |
| Mar 31, 2011 | Northern States Montevideo Employees Credit Union | Co-Op Credit Union of Montevideo |
| Mar 31, 2011 | The First Commercial Bank | Byline Bank |
| Mar 26, 2011 | Village Bank | Liberty Bank |
| Mar 23, 2011 | Fidelity Bank | Veritex Community Bank |
| Mar 23, 2011 | Fidelity Resources Company | Veritex Holdings, Inc. |
| Mar 19, 2011 | Downers Grove National Bank | BankFinancial, National Association |
| Mar 19, 2011 | DG Bancorp, Inc. | Bankfinancial Corporation |
| Mar 19, 2011 | Rural American Bank - Braham | Frandsen Bank & Trust |
| Mar 19, 2011 | Rural American Bank - Luck | Frandsen Bank & Trust |
| Mar 19, 2011 | Wainwright Bank & Trust Company | Eastern Bank |
| Mar 18, 2011 | Southwest Capital Bank, National Association | Stonegate Bank |
| Mar 17, 2011 | The Franklin Savings and Loan Company | Cheviot Savings Bank |
| Mar 15, 2011 | Bank of Whitewater Insurance, Inc. | The Bank of Whitewater |
| Mar 12, 2011 | The First National Bank of Mineola | The City National Bank of Sulphur Springs |
| Mar 5, 2011 | First State Bank | Banner Capital Bank |
| Mar 3, 2011 | Rockville Financial, Inc. | United Financial Bancorp, Inc. |
| Mar 1, 2011 | Portland Credit Union | First Community Credit Union |
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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