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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
Nov 30, 2011 Newton County Loan & Savings, FSB IN Bank of Wolcott
Nov 30, 2011 Bank of Westminster SC Community First Bank, Inc.
Nov 21, 2011 New Albany Schools Credit Union IN Everwise Credit Union
Nov 20, 2011 AmericaUnited Bank and Trust Company USA IL American Midwest Bank
Nov 19, 2011 N K P Buffalo Division Federal Credit Union PA Tri State Rail Federal Credit Union
Nov 19, 2011 FirstBank Data Corporation CO FirstBank
Nov 17, 2011 Coronado First Bank CA CalPrivate Bank
Nov 17, 2011 El Campo Bancshares, Inc. TX Commercial Bancshares, Inc.
Nov 15, 2011 Samp Scranton Federal Credit Union PA Cross Valley Federal Credit Union
Nov 15, 2011 M H I Credit Union IA Community 1st Credit Union
Nov 14, 2011 Eagle Rock Credit Union IA 1st Gateway Credit Union
Nov 11, 2011 (unnamed) — Cadence Bank, N.A.
Nov 11, 2011 Ucf Federal Credit Union FL Addition Financial Credit Union
Nov 11, 2011 Secure Credit Union MA Metro Credit Union
Nov 7, 2011 Hillcrest Bank, National Association KS NBH Bank
Nov 7, 2011 Farmers State Investment Co. NE Farmers State Bancshares, Inc.
Nov 5, 2011 First State Bank of Dix IL Community First Bank of the Heartland
Nov 5, 2011 Bridgeport Fire Department Employees Federal Credit Union CT General Electric Employees Federal Credit Union
Nov 4, 2011 Citizens Bank & Trust Company LA Bonvenu Bank, N.A.
Nov 4, 2011 First Financial Bankshares of Delaware, Inc. DE First Financial Bankshares, Inc.
Nov 2, 2011 Double Eleven Credit Union IN Everwise Credit Union
Nov 2, 2011 Nebraska National Bank NE Exchange Bank
Nov 1, 2011 R.C.H. Federal Credit Union ME Dirigo Federal Credit Union
Nov 1, 2011 Fifth Street Baptist Church Federal Credit Union VA Virginia Federal Credit Union
Nov 1, 2011 Peoples Choice Credit Union TN Leaders Credit Union
Nov 1, 2011 1st Alliance Federal Credit Union MD Atlantic Financial Federal Credit Union
Nov 1, 2011 Synergy One Federal Credit Union VA Apple Federal Credit Union
Nov 1, 2011 Federal Trust Corporation FL Centerstate Bank Corporation
Nov 1, 2011 Crossfirst Bank Leawood KS CrossFirst Bank
Nov 1, 2011 Gethsemane Baptist Church Federal Credit Union DC Democracy Federal Credit Union
Nov 1, 2011 Community Capital Corporation SC Park Sterling Corporation
Nov 1, 2011 Federal Trust Bank FL SouthState Bank, N.A.
Nov 1, 2011 Glove Workers Federal Credit Union MS First Neshoba Federal Credit Union
Nov 1, 2011 Birmingham News Employees Credit Union AL Alabama One Credit Union
Nov 1, 2011 First Dakota Federal Credit Union SD Bluestone Federal Credit Union
Nov 1, 2011 Ray Cooperative Credit Union ND Western Cooperative Credit Union
Nov 1, 2011 Salem County New Jersey Federal Employees Federal Credit Union NJ Deepwater Industries Federal Credit Union
Nov 1, 2011 Saint Joseph Valley Community Federal Credit Union MI Kellogg Community Credit Union
Oct 31, 2011 Brook Park Municipal Employees Federal Credit Union OH Steel Valley Federal Credit Union
Oct 31, 2011 Lasalle County School Employees Credit Union IL Financial Plus Credit Union
Oct 31, 2011 Fullerton Community Bank, FSB CA Opus Bank
Oct 31, 2011 Rhawnhurst Federal Credit Union PA Servco Federal Credit Union
Oct 29, 2011 First State Bank TX Texas Bank and Trust Company
Oct 29, 2011 The Bank of Texas Bancshares, Inc. TX Security Star Bancshares, Inc.
Oct 29, 2011 United Kentucky Bank of Pendleton County, Inc. KY The Bank of Kentucky, Inc.
Oct 29, 2011 Scandia American Bank & Trust ND Bravera Bank
Oct 29, 2011 Ibew Richmond Va Local 666 Federal Credit Union VA Hopewell Chemical Federal Credit Union
Oct 29, 2011 Rock County Employees Credit Union WI First Community Credit Union of Beloit
Oct 29, 2011 The Bank of Texas TX Security Bank
Oct 27, 2011 Bank of Las Colinas TX Veritex Community Bank

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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