92 failures · $34.9 billion in assets
Bank failures in 2011
92 insured banks failed in 2011, down from 157 in 2010. Together they reported $34.9 billion in assets, and the FDIC's estimated loss on them is $6.4 billion. The largest was Superior Bank of Birmingham, Alabama, at $3.0 billion. Georgia led with 23 failures, ahead of Florida with 13.
Week by week
- $1 billion or more
- $100 million to $1 billion
- under $100 million
Where they failed
Failures by state in 2011: Georgia 23, Florida 13, Illinois 9, Colorado 6, California 4, Arizona 3, South Carolina 3, Wisconsin 3, Washington 3, North Carolina 2, Oklahoma 2, Michigan 2 and others.
Explore
Filter and sort the 2011 failures by state, size or loss. Other years: 2010 · 2012.
| Closed | Bank | Location | Acquired by | Total assets | Est. loss |
|---|---|---|---|---|---|
| January 7, 2011 | First Commercial Bank of Florida | Orlando, FL | First Southern Bank | $579 million | $88.9 million |
| January 7, 2011 | Legacy Bank | Scottsdale, AZ | Enterprise Bank & Trust | $136 million | $32.2 million |
| January 14, 2011 | Oglethorpe Bank | Brunswick, GA | Bank of the Ozarks | $211 million | $84.1 million |
| January 21, 2011 | United Western Bank | Denver, CO | First-Citizens Bank & Trust Company | $2.2 billion | $133 million |
| January 21, 2011 | CommunitySouth Bank and Trust | Easley, SC | CertusBank, National Association | $341 million | $45.2 million |
| January 21, 2011 | The Bank of Asheville | Asheville, NC | First Bank | $205 million | $43.9 million |
| January 21, 2011 | Enterprise Banking Company | McDonough, GA | No acquirer (payout) | $99.5 million | $43.5 million |
| January 28, 2011 | First Community Bank | Taos, NM | U.S. Bank, N.A. | $2.2 billion | $231 million |
| January 28, 2011 | FirsTier Bank | Louisville, CO | No acquirer (payout) | $764 million | $233 million |
| January 28, 2011 | Evergreen State Bank | Stoughton, WI | McFarland State Bank | $241 million | $28.1 million |
| January 28, 2011 | The First State Bank | Camargo, OK | Bank 7 | $44.5 million | $33.6 million |
| February 4, 2011 | American Trust Bank | Roswell, GA | Renasant Bank | $238 million | $69.3 million |
| February 4, 2011 | North Georgia Bank | Watkinsville, GA | BankSouth | $153 million | $48.2 million |
| February 4, 2011 | Community First Bank - Chicago | Chicago, IL | Northbrook Bank & Trust Company | $51.1 million | $10.2 million |
| February 11, 2011 | Peoples State Bank | Hamtramck, MI | First Michigan Bank | $391 million | $103 million |
| February 11, 2011 | Canyon National Bank | Palm Springs, CA | Pacific Premier Bank | $211 million | $15.6 million |
| February 11, 2011 | Sunshine State Community Bank | Port Orange, FL | Premier American Bank, N.A. | $126 million | $32.3 million |
| February 11, 2011 | Badger State Bank | Cassville, WI | Royal Bank | $83.8 million | $19.5 million |
| February 18, 2011 | Habersham Bank | Clarkesville, GA | SCBT National Association | $388 million | $119 million |
| February 18, 2011 | San Luis Trust Bank, FSB | San Luis Obispo, CA | First California Bank | $333 million | $72.9 million |
| February 18, 2011 | Citizens Bank of Effingham | Springfield, GA | Heritage Bank of the South | $214 million | $48.2 million |
| February 18, 2011 | Charter Oak Bank | Napa, CA | Bank of Marin | $121 million | $20.1 million |
| February 25, 2011 | Valley Community Bank | St. Charles, IL | First State Bank | $124 million | $28.3 million |
| March 11, 2011 | Legacy Bank | Milwaukee, WI | Seaway Bank and Trust Company | $190 million | $73.7 million |
| March 11, 2011 | First National Bank of Davis | Davis, OK | The Pauls Valley National Bank | $90.2 million | $29.8 million |
| March 25, 2011 | The Bank of Commerce | Wood Dale, IL | Advantage National Bank Group | $163 million | $44.1 million |
| April 8, 2011 | Western Springs National Bank and Trust | Western Springs, IL | Heartland Bank and Trust Company | $187 million | $38.0 million |
| April 8, 2011 | Nevada Commerce Bank | Las Vegas, NV | City National Bank | $135 million | $38.5 million |
| April 15, 2011 | Superior Bank | Birmingham, AL | Superior Bank, National Association | $3.0 billion | $281 million |
| April 15, 2011 | Nexity Bank | Birmingham, AL | AloStar Bank of Commerce | $758 million | $182 million |
| April 15, 2011 | Bartow County Bank | Cartersville, GA | Hamilton State Bank | $314 million | $83.0 million |
| April 15, 2011 | Heritage Banking Group | Carthage, MS | Trustmark National Bank | $228 million | $37.8 million |
| April 15, 2011 | New Horizons Bank | East Ellijay, GA | Citizens South Bank | $103 million | $34.7 million |
| April 15, 2011 | Rosemount National Bank | Rosemount, MN | Central Bank | $21.5 million | $5.4 million |
| April 29, 2011 | The Park Avenue Bank | Valdosta, GA | Bank of the Ozarks | $849 million | $212 million |
| April 29, 2011 | Community Central Bank | Mount Clemens, MI | Talmer Bank & Trust | $452 million | $98.6 million |
| April 29, 2011 | First National Bank of Central Florida | Winter Park, FL | Florida Community Bank, a division of Premier American Bank, N.A. | $342 million | $42.9 million |
| April 29, 2011 | First Choice Community Bank | Dallas, GA | Bank of the Ozarks | $291 million | $105 million |
| April 29, 2011 | Cortez Community Bank | Brooksville, FL | Florida Community Bank, a division of Premier American Bank, N.A. | $66.3 million | $17.2 million |
| May 6, 2011 | Coastal Bank | Cocoa Beach, FL | Florida Community Bank, a division of Premier American Bank, N.A. | $129 million | $18.5 million |
| May 20, 2011 | Atlantic Southern Bank | Macon, GA | CertusBank, National Association | $742 million | $281 million |
| May 20, 2011 | First Georgia Banking Company | Franklin, GA | CertusBank, National Association | $731 million | $135 million |
| May 20, 2011 | Summit Bank | Burlington, WA | Columbia State Bank | $143 million | $24.2 million |
| May 27, 2011 | First Heritage Bank | Snohomish, WA | Columbia State Bank | $173 million | $33.6 million |
| June 3, 2011 | Atlantic Bank and Trust | Charleston, SC | First Citizens Bank and Trust Company, Inc. | $208 million | $31.2 million |
| June 17, 2011 | McIntosh State Bank | Jackson, GA | Hamilton State Bank | $340 million | $75.4 million |
| June 17, 2011 | First Commercial Bank of Tampa Bay | Tampa, FL | Stonegate Bank | $98.6 million | $33.5 million |
| June 24, 2011 | Mountain Heritage Bank | Clayton, GA | First American Bank and Trust Company | $104 million | $34.5 million |
| July 8, 2011 | First Chicago Bank & Trust | Chicago, IL | Northbrook Bank & Trust Company | $897 million | $193 million |
| July 8, 2011 | Colorado Capital Bank | Castle Rock, CO | First-Citizens Bank & Trust Company | $666 million | $255 million |
| July 8, 2011 | Signature Bank | Windsor, CO | Points West Community Bank | $62.5 million | $23.3 million |
| July 15, 2011 | First Peoples Bank | Port St. Lucie, FL | Premier American Bank, N.A. | $225 million | $13.1 million |
| July 15, 2011 | High Trust Bank | Stockbridge, GA | Ameris Bank | $180 million | $70.8 million |
| July 15, 2011 | One Georgia Bank | Atlanta, GA | Ameris Bank | $178 million | $40.6 million |
| July 15, 2011 | Summit Bank | Prescott, AZ | The Foothills Bank | $73.1 million | $14.9 million |
| July 22, 2011 | Bank of Choice | Greeley, CO | Bank Midwest, N.A. | $954 million | $136 million |
| July 22, 2011 | LandMark Bank of Florida | Sarasota, FL | American Momentum Bank | $266 million | $37.4 million |
| July 22, 2011 | Southshore Community Bank | Apollo Beach, FL | American Momentum Bank | $41.3 million | $11.4 million |
| July 29, 2011 | Integra Bank National Association | Evansville, IN | Old National Bank | $2.0 billion | $26.2 million |
| July 29, 2011 | BankMeridian, N.A. | Columbia, SC | SCBT National Association | $233 million | $49.2 million |
| July 29, 2011 | Virginia Business Bank | Richmond, VA | Xenith Bank | $83.5 million | $19.9 million |
| August 5, 2011 | Bank of Whitman | Colfax, WA | Columbia State Bank | $549 million | $101 million |
| August 5, 2011 | Bank of Shorewood | Shorewood, IL | Heartland Bank and Trust Company | $111 million | $29.4 million |
| August 12, 2011 | The First National Bank of Olathe | Olathe, KS | Enterprise Bank & Trust | $538 million | $103 million |
| August 18, 2011 | Public Savings Bank | Huntingdon Valley, PA | Capital Bank, N.A. | $46.8 million | $15.8 million |
| August 19, 2011 | Lydian Private Bank | Palm Beach, FL | Sabadell United Bank, N.A. | $1.7 billion | $184 million |
| August 19, 2011 | First Southern National Bank | Statesboro, GA | Heritage Bank of the South | $165 million | $22.2 million |
| August 19, 2011 | First Choice Bank | Geneva, IL | Inland Bank & Trust | $141 million | $34.1 million |
| September 2, 2011 | Patriot Bank of Georgia | Cumming, GA | Georgia Commerce Bank | $151 million | $54.2 million |
| September 2, 2011 | CreekSide Bank | Woodstock, GA | Georgia Commerce Bank | $102 million | $33.8 million |
| September 9, 2011 | The First National Bank of Florida | Milton, FL | CharterBank | $297 million | $75.7 million |
| September 23, 2011 | Bank of the Commonwealth | Norfolk, VA | Southern Bank and Trust Company | $985 million | $239 million |
| September 23, 2011 | Citizens Bank of Northern California | Nevada City, CA | Tri Counties Bank | $289 million | $40.9 million |
| September 30, 2011 | First International Bank | Plano, TX | American First National Bank | $240 million | $58.0 million |
| October 7, 2011 | The RiverBank | Wyoming, MN | Central Bank | $420 million | $71.2 million |
| October 7, 2011 | Sun Security Bank | Ellington, MO | Great Southern Bank | $351 million | $93.1 million |
| October 14, 2011 | Piedmont Community Bank | Gray, GA | State Bank and Trust Company | $199 million | $88.2 million |
| October 14, 2011 | Country Bank | Aledo, IL | Blackhawk Bank & Trust | $195 million | $69.3 million |
| October 14, 2011 | First State Bank | Cranford, NJ | Northfield Bank | $192 million | $45.6 million |
| October 14, 2011 | Blue Ridge Savings Bank, Inc. | Asheville, NC | Bank of North Carolina | $161 million | $44.1 million |
| October 21, 2011 | Community Banks of Colorado | Greenwood Village, CO | Bank Midwest, N.A. | $1.3 billion | $169 million |
| October 21, 2011 | Old Harbor Bank | Clearwater, FL | 1st United Bank | $209 million | $26.3 million |
| October 21, 2011 | Decatur First Bank | Decatur, GA | Fidelity Bank | $185 million | $24.6 million |
| October 21, 2011 | Community Capital Bank | Jonesboro, GA | State Bank and Trust Company | $165 million | $65.0 million |
| October 28, 2011 | All American Bank | Des Plaines, IL | International Bank of Chicago | $34.8 million | $13.8 million |
| November 4, 2011 | SunFirst Bank | Saint George, UT | Cache Valley Bank | $198 million | $43.6 million |
| November 4, 2011 | Mid City Bank, Inc. | Omaha, NE | Premier Bank | $106 million | $10.9 million |
| November 10, 2011 | Community Bank of Rockmart | Rockmart, GA | Century Bank of Georgia | $62.4 million | $20.3 million |
| November 18, 2011 | Central Progressive Bank | Lacombe, LA | First NBC Bank | $383 million | $48.8 million |
| November 18, 2011 | Polk County Bank | Johnston, IA | Grinnell State Bank | $91.6 million | $16.1 million |
| December 16, 2011 | Western National Bank | Phoenix, AZ | Washington Federal | $163 million | $41.7 million |
| December 16, 2011 | Premier Community Bank of the Emerald Coast | Crestview, FL | Summit Bank | $126 million | $25.1 million |