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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
May 20, 2011 First Georgia Banking Company Franklin, GA $731.0M Certus Bank, N.A.
May 20, 2011 Summit Bank Burlington, WA $142.7M Columbia State Bank
May 6, 2011 Coastal Bank Cocoa Beach, FL $129.4M Premier American Bank, N.A.
Apr 29, 2011 The Park Avenue Bank Valdosta, GA $849.4M Bank of the Ozarks
Apr 29, 2011 Community Central Bank Mount Clemens, MI $451.7M Talmer Bank and Trust
Apr 29, 2011 First National Bank of Central Florida Winter Park, FL $342.1M Premier American Bank, N.A.
Apr 29, 2011 First Choice Community Bank Dallas, GA $291.2M Bank of the Ozarks
Apr 29, 2011 Cortez Community Bank Brooksville, FL $66.3M Premier American Bank, N.A.
Apr 15, 2011 Superior Bank Birmingham, AL $2.98B Superior Bank, N.A.
Apr 15, 2011 Nexity Bank Birmingham, AL $757.6M Alostar Bank of Commerce
Apr 15, 2011 Bartow County Bank Cartersville, GA $314.0M Hamilton State Bank
Apr 15, 2011 Heritage Banking Group Carthage, MS $228.3M Trustmark National Bank
Apr 15, 2011 New Horizons Bank East Ellijay, GA $103.1M Citizens South Bank
Apr 15, 2011 Rosemount National Bank Rosemount, MN $21.5M Central Bank
Apr 8, 2011 Western Springs National Bank and Trust Western Springs, IL $186.7M Heartland Bank and Trust Company
Apr 8, 2011 Nevada Commerce Bank Las Vegas, NV $135.1M City National Bank
Mar 25, 2011 The Bank of Commerce Wood Dale, IL $163.1M Advantage National Bank
Mar 11, 2011 Legacy Bank Milwaukee, WI $190.4M Seaway Bank and Trust Company
Mar 11, 2011 The First National Bank of Davis Davis, OK $90.2M The Pauls Valley Natiional Bank
Feb 25, 2011 Valley Community Bank St. Charles, IL $123.8M First State Bank
Feb 18, 2011 Habersham Bank Clarkesville, GA $387.7M SCBT N.A.
Feb 18, 2011 San Luis Trust Bank, FSB San Luis Obispo, CA $332.6M First California Bank
Feb 18, 2011 Citizens Bank of Effingham Springfield, GA $214.3M Heritage Bank of the South
Feb 18, 2011 Charter Oak Bank Napa, CA $120.8M Bank of Marin
Feb 11, 2011 Peoples State Bank Hamtramck, MI $390.5M First Michigan Bank
Feb 11, 2011 Canyon National Bank Palm Springs, CA $210.9M Pacific Premier Bank
Feb 11, 2011 Sunshine State Community Bank Port Orange, FL $125.5M Premier American Bank, N.A.
Feb 11, 2011 Badger State Bank Cassville, WI $83.8M Royal Bank
Feb 4, 2011 American Trust Bank Roswell, GA $238.2M Renasant Bank
Feb 4, 2011 North Georgia Bank Watkinsville, GA $153.2M Banksouth
Feb 4, 2011 Community First Bank - Chicago Chicago, IL $51.1M Northbrook Bank and Trust Company
Jan 28, 2011 First Community Bank Taos, NM $2.19B U.S. Bank, N.A.
Jan 28, 2011 Firstier Bank Louisville, CO $764.1M —
Jan 28, 2011 Evergreen State Bank Stoughton, WI $240.9M McFarland State Bank
Jan 28, 2011 The First State Bank Camargo, OK $44.5M Bank 7
Jan 21, 2011 United Western Bank Denver, CO $2.15B First-Citizens Bank and Trust Company
Jan 21, 2011 Communitysouth Bank and Trust Easley, SC $341.0M Certus Bank, N.A.
Jan 21, 2011 The Bank of Asheville Asheville, NC $204.9M First Bank
Jan 21, 2011 Enterprise Banking Company McDonough, GA $99.5M —
Jan 14, 2011 Oglethorpe Bank Brunswick, GA $211.1M Bank of the Ozarks
Jan 7, 2011 First Commercial Bank of Florida Orlando, FL $578.6M First Southern Bank
Jan 7, 2011 Legacy Bank Scottsdale, AZ $136.4M Enterprise Bank & Trust

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
Oct 25, 2011 Austin Delaware Financial Corporation DE Austin Colony, Inc.
Oct 25, 2011 Dalhart Delaware Financial Corporation DE First Dalhart Bancshares, Inc.
Oct 24, 2011 F & M Bank, National Association, Oklahoma City, Oklahoma OK F&M Bank
Oct 22, 2011 Skylands Community Bank NJ Fulton Bank of New Jersey
Oct 22, 2011 Santa Lucia Bank CA Mission Community Bank
Oct 21, 2011 The Okemah National Bank OK BancFirst
Oct 19, 2011 Global Trust Bank CA United Business Bank
Oct 15, 2011 Security State Bank of Howard Lake MN Citizens Alliance Bank
Oct 15, 2011 Charter Bank NM WaFd Bank
Oct 15, 2011 Allegiance Community Bank NJ BCB Community Bank
Oct 14, 2011 Custodial Trust Company NJ JPMorgan Chase Bank, N.A.
Oct 13, 2011 Fullerton Federal Savings Association MD Fairmount Bank
Oct 8, 2011 Security State Bank ND Starion Bank
Oct 6, 2011 Northstar Delaware Financial Corporation DE Northstar Financial Corporation
Oct 6, 2011 First State Bank NE Cornerstone Bank
Oct 3, 2011 Signet Student Loan Corporation VA Wells Fargo & Company
Oct 3, 2011 Methode Federal Credit Union IL Encurage Financial Network
Oct 3, 2011 Greensburg Community Federal Credit Union PA Pheple Federal Credit Union
Oct 1, 2011 Michigan Service Credit Union MI American 1 Credit Union
Oct 1, 2011 Abington Bancorp, Inc PA Susquehanna Bancshares, Inc.
Oct 1, 2011 South Louisiana Business Bank LA Investar Bank, N.A.
Oct 1, 2011 FirstBank - St. Johns MI FirstBank - Alma
Oct 1, 2011 JD Financial Group, Inc. IL American Bancorp of Illinois, Inc.
Oct 1, 2011 Doral Bank, FSB NY Doral Bank
Oct 1, 2011 Northern Trust Bank, Federal Savings Bank MI The Northern Trust Company
Oct 1, 2011 Palmetto Capital, Inc. SC The Palmetto Bank
Oct 1, 2011 J.P. Morgan Investor Services Co. MA JPMorgan Chase Bank, N.A.
Oct 1, 2011 Kingsbury Bank Holding Company SD Leackco Bank Holding Company, Inc.
Oct 1, 2011 Arsebeco, Inc. NE Frontier Holdings, LLC
Oct 1, 2011 D & H Investments Corp. IA SSB Bancorp, Inc.
Oct 1, 2011 Chase Auto Finance Corp. NY JPMorgan Chase Bank, N.A.
Oct 1, 2011 Saint Nicholas Credit Union WI Kohler Credit Union
Oct 1, 2011 Minnesota Valley Credit Union MN Heartland Credit Union
Oct 1, 2011 North Jefferson County Catholic Credit Union MO Members 1st Credit Union
Oct 1, 2011 Eddy Employees Federal Credit Union MI Arbor Financial Credit Union
Oct 1, 2011 Nicolet Credit Union WI Ripco Credit Union
Oct 1, 2011 Pennsylvania Grange Federal Credit Union PA Service 1st Federal Credit Union
Oct 1, 2011 Interlakes Federal Credit Union SD Dakotaland Federal Credit Union
Oct 1, 2011 Stewart Credit Union TX Chevron Federal Credit Union
Oct 1, 2011 People's Priority Federal Credit Union NY Financial Trust Federal Credit Union
Oct 1, 2011 Valley Bank & Trust IA State Savings Bank
Oct 1, 2011 Saint Patrick Carleton Federal Credit Union MI Monroe Community Credit Union
Oct 1, 2011 Peninsula Methodist Federal Credit Union DE Dover Federal Credit Union
Oct 1, 2011 Tree Capital Credit Union FL Champions First Credit Union
Oct 1, 2011 Texas First Choice Federal Credit Union TX Prestige Community Credit Union
Oct 1, 2011 Northern Trust, National Association FL The Northern Trust Company
Oct 1, 2011 Federated Family Credit Union WI Great Lakes Credit Union
Oct 1, 2011 Peoples State Bank SD American Bank & Trust
Oct 1, 2011 Heart of the Lakes Credit Union MN Magnifi Financial Credit Union
Oct 1, 2011 Abington Savings Bank PA Susquehanna Bank

The list holds 500 of the 547 mergers recorded for 2011.

Enforcement Actions in 2011

Action date Agency Institution Action
Dec 21, 2011 OCC HSBC Bank USA, N.A. Prohibition/Removal Orders: Dunn, Gideon
Dec 21, 2011 OCC The First National Bank of Valentine Prohibition/Removal Orders: Medlock, Joanne
Dec 21, 2011 OCC Bank of America, N.A. Prohibition/Removal Orders: Wagenknecht, Pamela K.
Dec 21, 2011 OCC The First National Bank of Valentine Civil Money Penalty (CMP): Medlock, Joanne
Dec 21, 2011
Released Aug 1, 2017		 FRB First St. Charles Bancshares, Inc. Written Agreement: First St. Charles Bancshares, Inc., Boutte, Louisiana
Dec 20, 2011 OCC Charter National Bank and Trust Prompt Corrective Action (PCA) Directive: Charter National Bank and Trust
Dec 19, 2011 OCC Lincoln Federal Savings Bank of Nebraska Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Lincoln FSB of Nebraska
Dec 16, 2011 OCC Home Savings of America Prompt Corrective Action (PCA) Directive: Home Savings of America
Dec 15, 2011 OCC Edgewater Bank Prohibition/Removal Orders: Joslyn, Teresa L.
Dec 15, 2011
Released Dec 22, 2011		 FRB The State Bank and Trust Company Civil Money Penalty, $9,340: State Bank and Trust Company, Defiance, Ohio
Dec 14, 2011 OCC Valley Capital Bank, N.A. Prohibition/Removal Orders: Ortwine, Frank D.
Dec 14, 2011 OCC Valley Capital Bank, N.A. C&D or PC&D Requiring Restitution: Ortwine, Frank D.
Dec 13, 2011
Released Dec 22, 2011		 FRB Xenith Bank Civil Money Penalty, $33,600: Bank of Hampton Roads, Norfolk, Virginia, successor by merger with …
Dec 9, 2011
Released Dec 12, 2011		 FRB (individual) Prohibition from Banking: Tyrone Green,
Dec 8, 2011
Released Dec 13, 2011		 FRB Alliance Financial Services, Inc. Written Agreement: Alliance Financial Services, Inc., Saint Paul, Minnesota
Dec 8, 2011 OCC Wells Fargo Bank, N.A. Formal Agreement: Wells Fargo Bank, National Association
Dec 8, 2011 OCC Wells Fargo Bank, N.A. Civil Money Penalty (CMP): Wells Fargo Bank, National Association
Dec 8, 2011 OCC The Park National Bank Civil Money Penalty (CMP): The Park National Bank
Dec 6, 2011 FRB (individual) Section 19 Letters: Julie Phillips
Dec 2, 2011
Released Dec 6, 2011		 FRB Waccamaw Bank Prompt Corrective Action: Waccamaw Bank, Whiteville, North Carolina
Nov 28, 2011 OCC The First National Bank of Grant Park Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Grant …
Nov 22, 2011 OCC Community State Bank, National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Community State Bank, National Association
Nov 21, 2011
Released Nov 29, 2011		 FRB First State Bank of Dequeen Civil Money Penalty, $4,235: First State Bank of DeQueen, DeQueen, Arkansas
Nov 18, 2011 OCC Dupage National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Dupage National Bank
Nov 17, 2011
Released Dec 13, 2011		 FRB Patriot Holdings Nevada, Inc. Written Agreement: Patriot Bancshares, Inc., Houston, Texas, and Patriot Holdings Nevada, Inc., Reno, Nevada
Nov 16, 2011 OCC First Federal Savings and Loan Association of McMinnville Formal Agreement: First FS & LA of McMinnville
Nov 16, 2011 FRB (individual) Prohibition from Banking: Bryan Posey
Nov 16, 2011 FRB (individual) Civil Money Penalty, $35,000: Bryan Posey
Nov 16, 2011
Released Nov 22, 2011		 FRB Mountain National Bancshares, Inc. Written Agreement: Mountain National Bancshares, Inc., Sevierville, Tennessee
Nov 16, 2011
Released Nov 22, 2011		 FRB Tennessee Commerce Bancorp, Inc. Written Agreement: Tennessee Commerce Bancorp, Inc., Franklin, Tennessee
Nov 14, 2011 OCC First Federal Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Federal Bank
Nov 14, 2011 OCC Independence Bancshares, Inc. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Independence National Bank
Nov 10, 2011 OCC Trustmark National Bank Prohibition/Removal Orders: Walker, William O.
Nov 10, 2011 OCC The First National Bank of Valentine Prohibition/Removal Orders: Shephard, Donald
Nov 7, 2011
Released Nov 10, 2011		 FRB Orion Bank Prohibition from Banking: Thomas B. Hebble
Nov 7, 2011
Released Nov 10, 2011		 FRB Orion Bank Prohibition from Banking: Angel P. Guerzon, Jr.
Oct 31, 2011
Released Aug 14, 2018		 FRB Capital Funding Bancorp, Inc. Cease and Desist Order: Capital Funding Bancorp, Inc. and CFG Community Bank, both of …
Oct 27, 2011 OCC National Bank of California Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): National Bank of California
Oct 27, 2011 OCC Mountain National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Mountain National Bank
Oct 27, 2011
Released Nov 1, 2011		 FRB Princeton National Bancorp, Inc. Written Agreement: Princeton National Bancorp, Inc., Princeton, Illinois
Oct 26, 2011 OCC First Niagara Bank, N.A. Civil Money Penalty (CMP): First Niagara Bank, National Association
Oct 26, 2011 OCC Wawel Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wawel Bank
Oct 26, 2011 OCC Gateway Bank, F.S.B. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Gateway Bank, F.S.B.
Oct 25, 2011 OCC Enterprise Bank National Association Civil Money Penalty (CMP): Enterprise Bank, National Association
Oct 25, 2011 OCC Grand Bancorp, Inc. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Grand Bank, National Association
Oct 25, 2011
Released Oct 27, 2011		 FRB Liberty Bancorp Written Agreement: Liberty Bancorp and Liberty Bank, both of South San Francisco, California
Oct 21, 2011
Released Oct 27, 2011		 FRB Parkway Bancorp, Inc. Written Agreement: Parkway Bancorp, Inc., Harwood Heights, Illinois
Oct 21, 2011
Released Oct 27, 2011		 FRB Fox River Valley Bancorp, Inc. Written Agreement: Fox River Valley Bancorp, Inc., Appleton, Wisconsin
Oct 20, 2011 OCC Heritage First Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Heritage First Bank
Oct 20, 2011 OCC Universal Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Universal Bank

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