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.

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
Jul 9, 2011	Centra Financial Corporation-Morgantown, Inc	WV	Ubc Holding Company, Inc.
Jul 9, 2011	Centra Financial Corporation-Hagerstown, Inc.	WV	Ubc Holding Company, Inc.
Jul 9, 2011	First Asian Bank	NV	Royal Business Bank
Jul 9, 2011	Centra Financial Corporation-Uniontown, Inc.	WV	Ubc Holding Company, Inc.
Jul 9, 2011	Centra Financial Corporation-Martinsburg, Inc	WV	Ubc Holding Company, Inc.
Jul 9, 2011	Centra Financial Holdings, Inc.	WV	Ubc Holding Company, Inc.
Jul 7, 2011	First National Bank of Ruidoso	NM	First National Bank
Jul 6, 2011	M & I Bank N.A.	NV	BMO Bank N.A.
Jul 6, 2011	Marshall & Ilsley Corporation	WI	BMO Financial Corp.
Jul 6, 2011	The Harris Bank National Association	AZ	BMO Bank N.A.
Jul 6, 2011	M&I Marshall and Ilsley Bank	WI	BMO Bank N.A.
Jul 2, 2011	F&M Mortgage Company, L.L.C.	OK	The F&M Bank & Trust Company
Jul 1, 2011	MidCarolina Bank	NC	American National Bank and Trust Company
Jul 1, 2011	Northern States Power Company Fargo Division Federal Credit Union	ND	Town & Country Credit Union
Jul 1, 2011	Western States Envelope Credit Union	WI	Landmark Credit Union
Jul 1, 2011	U.F.C.W. Local Federal Credit Union	CT	Finex Credit Union
Jul 1, 2011	Maroa Forsyth Community Bank	IL	Scott State Bank
Jul 1, 2011	T C U 579 Credit Union	WI	Heartland Credit Union
Jul 1, 2011	Creamery Credit Union	IA	North Star Community Credit Union
Jul 1, 2011	Frontier Federal Credit Union	NY	The Summit Federal Credit Union
Jul 1, 2011	J C S Employees Federal Credit Union	OH	Atomic Credit Union, Inc.
Jul 1, 2011	West Covina Federal Credit Union	CA	Prospectors Federal Credit Union
Jul 1, 2011	Hungarian Reformed Church Sick Benefit Society Federal Credit Union	OH	Genfed Financial Credit Union, Inc.
Jul 1, 2011	Seacoast Credit Union	NH	Service Federal Credit Union
Jul 1, 2011	Ukrainian Credit Union	MN	Trustone Financial Credit Union
Jul 1, 2011	Weber Credit Union	UT	Wasatch Peaks Federal Credit Union
Jul 1, 2011	Citibank (South Dakota), N.A.	SD	Citibank, N.A.
Jul 1, 2011	Bank of Greensburg	LA	First Guaranty Bank
Jul 1, 2011	Minnesota Catholic Credit Union	MN	Minnesota Catholic Credit Union
Jul 1, 2011	First Community Bank	IA	Arbor Bank
Jul 1, 2011	Missions Building Federal Credit Union	IN	Harvester Financial Credit Union
Jul 1, 2011	Benchmark Credit Union	TX	Complex Community Federal Credit Union
Jul 1, 2011	Maricopa Santa Fe Federal Credit Union	AZ	Sunwest Federal Credit Union
Jul 1, 2011	Danversbank	MA	People's United Bank, National Association
Jul 1, 2011	Kulia Ohana Federal Credit Union	HI	Valley Isle Community Federal Credit Union
Jul 1, 2011	Klann Employees Credit Union	VA	Valley Community Credit Union
Jul 1, 2011	Lakeland Postal Employees Federal Credit Union	FL	Priority Credit Union
Jul 1, 2011	Heritage Bank, National Association	IA	Heritage Bank, N.A.
Jul 1, 2011	Huntingdon County Federal Credit Union	PA	Arize Federal Credit Union
Jul 1, 2011	Jackson Vibrators Employees Credit Union	MI	Preferred Credit Union
Jul 1, 2011	Southtrust Mortgage Corporation	GA	Wells Fargo Bank, N.A.
Jul 1, 2011	Meridian Mortgage Corporation	PA	Wells Fargo Bank, N.A.
Jul 1, 2011	VNB Mortgage Services, Inc.	NJ	Valley National Bank
Jul 1, 2011	Wilmington Trust, National Association	MD	Wilmington Trust, N.A.
Jul 1, 2011	SBL, Inc	WI	State Bank Financial
Jul 1, 2011	Merrill Lynch Credit Corporation	FL	Bank of America, N.A.
Jul 1, 2011	Danvers Bancorp, Inc.	MA	People's United Financial, Inc.
Jul 1, 2011	Bac Home Loans Servicing, LP	TX	Bank of America, N.A.
Jul 1, 2011	Citizens Bank Wealth Management, N.A.	MI	Citizens Bank
Jul 1, 2011	Midcarolina Financial Corporation	NC	American National Bankshares Inc.

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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