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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
May 16, 2011 Wilmington Trust Corporation DE Wilmington Trust Corporation
May 13, 2011 Texas First Bank TX Texas First Bank
May 7, 2011 Union National Community Bank PA Union Community Bank
May 7, 2011 Union National Financial Corporation the PA Donegal Financial Services Corp.
May 6, 2011 Wachovia Mortgage Corporation NC Wells Fargo Bank, N.A.
May 4, 2011 The First National Bank of Friend NE Citizens State Bank
May 2, 2011 Gea Federal Credit Union LA Neighbors Federal Credit Union
May 2, 2011 Public Library Employees Credit Union, Inc. OH Community United Credit Union
May 1, 2011 South Dekalb Church Federal Credit Union GA Peach State Federal Credit Union
May 1, 2011 Chase Home Finance LLC NJ JPMorgan Chase Bank, N.A.
May 1, 2011 Chase Home Finance Inc. NJ JPMorgan Chase Bank, N.A.
May 1, 2011 Capital One National Community Development Corporation NY Capital One, N.A.
May 1, 2011 Woodforest Bank TX Woodforest National Bank
May 1, 2011 Shores Area Credit Union MI Unity Credit Union
May 1, 2011 Elk Basin Federal Credit Union WY Pathfinder Federal Credit Union
May 1, 2011 Tulsa Metro Federal Credit Union OK Fraternal Order of Police Federal Credit Union
May 1, 2011 University Credit Union MA Metro Credit Union
May 1, 2011 Scottsbluff Federal Credit Union NE Sugar Valley Federal Credit Union
May 1, 2011 Alabama West Florida Methodist Federal Credit Union AL Faith Connection Federal Credit Union
May 1, 2011 The-Mac Federal Credit Union WV Pioneer Appalachia Federal Credit Union
May 1, 2011 State Employees Credit Union GA Georgia United Credit Union
Apr 30, 2011 Mount Hood Federal Credit Union OR Peak Credit Union
Apr 30, 2011 Sauk County Employees Credit Union WI Summit Credit Union
Apr 30, 2011 TIB Bank FL Capital Bank Corporation
Apr 30, 2011 Menasha Corporation Employees Credit Union WI Community First Credit Union
Apr 30, 2011 Cottrell Federal Credit Union RI Wave Federal Credit Union
Apr 25, 2011 City National Bancshares, Inc. FL Bci Financial Group, Inc.
Apr 22, 2011 Short Holding Company KY First Prestonsburg Bancshares, Inc.
Apr 22, 2011 Family Bank FSB KY The First Commonwealth Bank of Prestonsburg, Inc.
Apr 16, 2011 NewAlliance Bank CT First Niagara Bank, N.A.
Apr 16, 2011 Newalliance Bancshares, Inc. CT First Niagara Financial Group, Inc.
Apr 15, 2011 Ixe Grupo Financiero, S.A.B. De C.V. — Grupo Financiero Banorte, S.A.B. De C.V.
Apr 9, 2011 Traders Bank WV Premier Bank, Inc.
Apr 9, 2011 Fort Orange Financial Corp. NY Chemung Financial Corporation
Apr 9, 2011 First Central Bank, Inc. WV Premier Bank, Inc.
Apr 9, 2011 Capital Bank & Trust Company NY Chemung Canal Trust Company, N.A.
Apr 9, 2011 The Wilber Corporation NY Community Financial System, Inc.
Apr 9, 2011 First Security Bank - Lake Benton MN First Security Bank - Canby
Apr 9, 2011 Wilber National Bank NY Community Bank, N.A.
Apr 9, 2011 Adams National Bank DC Premier Bank, Inc.
Apr 9, 2011 Consolidated Bank and Trust Company VA Premier Bank, Inc.
Apr 8, 2011 North Tonawanda Community Federal Credit Union NY Greater Together Federal Credit Union
Apr 6, 2011 The Home Builders Association OH Southern Hills Community Bank
Apr 5, 2011 Mid-America Bancorp, Inc. KS Mercantile Bancorp, Inc.
Apr 1, 2011 Nantahala Bancshares, Inc. NC Nantahala Bank & Trust Company
Apr 1, 2011 Maryland Bankcorp, Inc. MD Old Line Bancshares, Inc.
Apr 1, 2011 Capital One Auto Finance, Inc. TX Capital One, N.A.
Apr 1, 2011 Rome Bancorp, Inc. NY Beacon Financial Corporation
Apr 1, 2011 Citizens Bankshares of Springhill, Inc. LA Bonvenu Bancorp, Inc.
Apr 1, 2011 West Haven Va Employees Federal Credit Union CT Greater West Haven Federal 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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