Skip to main content

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
Jul 1, 2011 Wells Fargo Financial Mississippi 2, Inc. IA Wells Fargo Bank, N.A.
Jul 1, 2011 Wells Fargo Financial Mississippi, Inc. IA Wells Fargo Bank, N.A.
Jul 1, 2011 M&T Trust Company of Delaware DE Wilmington Trust, N.A.
Jul 1, 2011 Wells Fargo Dealer Services, Inc. NC Wells Fargo Bank, N.A.
Jul 1, 2011 Founders Bank, SSB TX Vista Bank Texas
Jul 1, 2011 Greensburg Bancshares, Inc. LA First Guaranty Bancshares, Inc.
Jul 1, 2011 Wells Fargo Trade Capital, LLC NY Wells Fargo Bank, N.A.
Jun 30, 2011 Hico Delaware Bancshares, Inc. DE First National Bancshares of Hico, Inc.
Jun 30, 2011 Capital Bank NC Capital Bank Corporation
Jun 30, 2011 Lebco Educators Federal Credit Union PA Belco Community Credit Union
Jun 30, 2011 Cascade Bank WA Opus Bank
Jun 25, 2011 Alton Area Employees Federal Credit Union IL 1st Midamerica Credit Union
Jun 18, 2011 Farmers State Bank, Astoria IL Better Banks
Jun 18, 2011 Charleston Newspapers Federal Credit Union WV Members Choice WV Federal Credit Union
Jun 17, 2011 Exchange National Bank of Moore OK BancFirst
Jun 14, 2011 First National Bank of Borger TX Interbank
Jun 10, 2011 First Community Bank IA Dubuque Bank and Trust Company
Jun 5, 2011 Hancock Bank of Alabama AL Whitney Bank
Jun 5, 2011 Whitney Holding Corporation LA Hancock Whitney Corporation
Jun 5, 2011 Whitney National Bank LA Whitney Bank
Jun 4, 2011 First National Bank & Trust Co. of Leavenworth KS Exchange Bank & Trust
Jun 3, 2011 Farmers State Bank of Sherburn MN Bank Midwest
Jun 1, 2011 Portland Onized Federal Credit Union OR Rivermark Community Credit Union
Jun 1, 2011 First Community Bank of America FL C1 Bank
Jun 1, 2011 North Penn Bancorp, Inc PA Norwood Financial Corp.
Jun 1, 2011 Omni Bancshares, Inc. LA Iberiabank Corporation
Jun 1, 2011 Morgan Stanley Credit Corporation IL Morgan Stanley Private Bank, N.A.
Jun 1, 2011 Omni Bank LA Iberiabank
Jun 1, 2011 Cameron Bancshares, Inc. LA Iberiabank Corporation
Jun 1, 2011 Chase Equipment Finance, Inc. OH JPMorgan Chase Bank, N.A.
Jun 1, 2011 Telecommunity Credit Union OH Towpath Credit Union
Jun 1, 2011 Westchester Federal Credit Union NY Nea Federal Credit Union
Jun 1, 2011 Church of Brethren Credit Union IL Alero Financial Credit Union
Jun 1, 2011 Dallas Cotton Belt Employees Credit Union TX Corner Stone Credit Union
Jun 1, 2011 H F Credit Union IL Great Lakes Credit Union
Jun 1, 2011 North Penn Bank PA Wayne Bank
Jun 1, 2011 Sears Waco Credit Union TX First Central Credit Union
Jun 1, 2011 Cameron State Bank LA Iberiabank
Jun 1, 2011 Media Hawaii Federal Credit Union HI Aloha Pacific Federal Credit Union
Jun 1, 2011 Saugus Federal Credit Union MA Webster First Federal Credit Union
Jun 1, 2011 Morse Chain Ithaca Employees NY Beginnings Credit Union
May 31, 2011 Hospitality Community Federal Credit Union DC Transit Employees Federal Credit Union
May 28, 2011 Hamptons State Bank NY Dime Commercial Bank
May 28, 2011 Charter Private Bank WA Boston Private Bank & Trust Company
May 28, 2011 Borel Private Bank & Trust Company CA Boston Private Bank & Trust Company
May 28, 2011 First Private Bank & Trust CA Boston Private Bank & Trust Company
May 23, 2011 Local 701 I B E W Federal Credit Union IL Great Lakes Credit Union
May 21, 2011 FirstBank of Arizona, Inc. AZ FirstBank
May 20, 2011 Treaty Oak Bank TX Northstar Bank
May 17, 2011 Abigail Adams National Bancorp, Inc. DC Premier Financial Bancorp, 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

Browse adjacent years: 2010 · 2012

Or jump to a category: Failures · Mergers · Enforcement · Assistance