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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Bank Failures in Brief – 2011

There were 92 bank failures in 2011. See detailed descriptions below.

The graph shows there were 92 bank failures in 2011. Bank Failures in January 2011 Bank Failures in January 2011 Bank Failures in February 2011 Bank Failures in February 2011 Bank Failures in March 2011 Bank Failures in April 2011 Bank Failures in April 2011 Bank Failures in May 2011 Bank Failures in June 2011 Bank Failures in July 2011 Bank Failures in July 2011 Bank Failures in August 2011 Bank Failures in August 2011 Bank Failures in September 2011 Bank Failures in September 2011 Bank Failures in October 2011 Bank Failures in October 2011 Bank Failures in November 2011 Bank Failures in December 2011

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2011 Summary by Month
(Approximate asset dollar volume based on figures from the press releases)
Months Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Bank Failures 11 12 3 13 5 4 13 7 6 11 5 2
Total Assets (Millions) 7,147.8 2,432.3 443.7 6,988.9 1,918.5 750.4 6,349.5 3,249.8 2,063.7 3,537.4 841.3 288.9

2011 Bank Failure Details
Bank Name, City, ST Press Release
(PR)
Closing Date Approx. Asset
(Millions)
Approx. Deposit
(Millions)
Acquirer & Transaction
December
Western National Bank, Phoenix, AZ PR-195-2011 December 16, 2011 $162.9 $144.5 Washington Federal, Seattle, WA has agreed to assume all deposits excluding certain brokered deposits.
Premier Community Bank of the Emerald Coast, Crestview, FL PR-194-2011 December 16, 2011 $126.0 $112.1 Summit Bank, National Association, Panama City, FL has agreed to assume all deposits.
NovemberBack to top
Central Progressive Bank, Lacombe, LA PR-181-2011 November 18, 2011 $383.1 $347.7 First NBC Bank, New Orleans, LA has agreed to assume all deposits.
Polk County Bank, Johnston, IA PR-180-2011 November 18, 2011 $91.6 $82.0 Grinnell State Bank, Grinnell, IA has agreed to assume all deposits.
Community Bank of Rockmart, Rockmart, GA PR-178-2011 November 10, 2011 $62.4 $55.9 Century Bank of Georgia, Cartersville, GA has agreed to assume all deposits excluding certain brokered deposits.
SunFirst Bank, Saint George, UT PR-177-2011 November 4, 2011 $198.1 $169.1 Cache Valley Bank, Logan, UT has agreed to assume all deposits excluding certain brokered deposits.
Mid City Bank, Inc., Omaha, NE PR-176-2011 November 4, 2011 $106.1 $105.5 Premier Bank (formerly Purdum State Bank), Purdum, NE has agreed to assume all deposits.
OctoberBack to top
All American Bank, Des Plaines, IL PR-174-2011 October 28, 2011 $37.8 $33.4 International Bank of Chicago, Chicago, IL has agreed to assume all deposits.
Community Banks of Colorado, Greenwood Village, CO PR-172-2011 October 21, 2011 $1,380.0 $1,330.0 Bank Midwest, National Association, Kansas City, MO has agreed to assume all deposits excluding certain brokered deposits.
Community Capital Bank, Jonesboro, GA PR-171-2011 October 21, 2011 $181.2 $166.2 State Bank and Trust Company, Macon, GA has agreed to assume all deposits.
Decatur First Bank, Decatur, GA PR-170-2011 October 21, 2011 $191.5 $179.2 Fidelity Bank, Atlanta, GA has agreed to assume all deposits.
Old Harbor Bank, Clearwater, FL PR-169-2011 October 21, 2011 $215.9 $217.8 1st United Bank, Boca Raton, FL has agreed to assume all deposits.
Country Bank, Aledo, IL PR-167-2011 October 14, 2011 $190.6 $167.5 Blackhawk Bank & Trust, Milan, IL has agreed to assume all deposits excluding certain brokered deposits.
First State Bank, Cranford, NJ PR-166-2011 October 14, 2011 $204.4 $201.2 Northfield Bank, Staten Island, NY has agreed to assume all deposits.
Blue Ridge Savings Bank, Inc., Asheville, NC PR-165-2011 October 14, 2011 $161.0 $158.7 Bank of North Carolina, Thomasville, NC has agreed to assume all deposits.
Piedmont Community Bank, Gray, GA PR-164-2011 October 14, 2011 $201.7 $181.4 State Bank and Trust Company, Macon, GA has agreed to assume all deposits.
Sun Security Bank, Ellington, MO PR-159-2011 October 7, 2011 $355.9 $290.4 Great Southern Bank, Springfield, MO has agreed to assume all deposits.
The RiverBank, Wyoming, MN PR-158-2011 October 7, 2011 $417.4 $379.3 Central Bank, Stillwater, MN has agreed to assume all deposits.
SeptemberBack to top
First International Bank, Plano, TX PR-156-2011 September 30, 2011 $239.9 $208.8 American First National Bank, Houston, TX has agreed to assume all deposits.
Citizens Bank of Northern California, Nevada City, CA PR-154-2011 September 23, 2011 $288.8 $253.1 Tri Counties Bank, Chico, CA has agreed to assume all deposits.
Bank of the Commonwealth, Norfolk, VA PR-153-2011 September 23, 2011 $985.1 $901.8 Southern Bank and Trust Company, Mount Olive, NC has agreed to assume all deposits excluding certain brokered deposits.
The First National Bank Of Florida, Milton, FL PR-149-2011 September 9, 2011 $296.8 $280.1 CharterBank, West Point, GA has agreed to assume all deposits.
CreekSide Bank, Woodstock, GA PR-146-2011 September 2, 2011 $102.3 $96.6 Georgia Commerce Bank, Atlanta, GA has agreed to assume all deposits.
Patriot Bank of Georgia, Cumming, GA PR-146-2011 September 2, 2011 $150.8 $111.2 Georgia Commerce Bank, Atlanta, GA has agreed to assume all deposits.
AugustBack to top
First Choice Bank, Geneva, IL PR-139-2011 August 19, 2011 $141.0 $137.2 Inland Bank & Trust, Oak Brook, IL has agreed to assume all deposits excluding certain brokered deposits.
First Southern National Bank, Statesboro, GA PR-138-2011 August 19, 2011 $164.6 $159.7 Heritage Bank of the South, Albany, GA has agreed to assume all deposits excluding certain brokered deposits.
Lydian Private Bank, Palm Beach, FL PR-137-2011 August 19, 2011 $1,700.0 $1,240.0 Sabadell United Bank, National Association, Miami, FL has agreed to assume all deposits.
Public Savings Bank, Huntingdon Valley, PA PR-136-2011 August 18, 2011 $46.8 $45.8 Capital Bank, National Association, Rockville, MD has agreed to assume all deposits excluding certain brokered deposits.
The First National Bank of Olathe, Olathe, KS PR-134-2011 August 12, 2011 $538.1 $524.3 Enterprise Bank & Trust, Clayton, MO has agreed to assume all deposits excluding certain brokered deposits.
Bank of Whitman, Colfax, WA PR-132-2011 August 5, 2011 $548.6 $515.7 Columbia State Bank, Tacoma, WA has agreed to assume all deposits excluding certain brokered deposits.
Bank of Shorewood, Shorewood, IL PR-131-2011 August 5, 2011 $110.7 $104.0 Heartland Bank and Trust Company, Bloomington, IL has agreed to assume all deposits.
JulyBack to top
Integra Bank National Association, Evansville, IN PR-128-2011 July 29, 2011 $2,200.0 $1,900.0 Old National Bank, Evansville, IN has agreed to assume all deposits excluding certain brokered deposits.
BankMeridian, National Association, Columbia, SC PR-127-2011 July 29, 2011 $239.8 $215.5 SCBT, National Association, Orangeburg, SC has agreed to assume all deposits excluding certain brokered deposits.
Virginia Business Bank, Richmond, VA PR-126-2011 July 29, 2011 $95.8 $85.0 Xenith Bank, Richmond, VA has agreed to assume all deposits.
Bank of Choice, Greeley, CO PR-124-2011 July 22, 2011 $1,070.0 $924.9 Bank Midwest, National Association, Kansas City, MO has agreed to assume all deposits excluding certain brokered deposits.
LandMark Bank of Florida, Sarasota, FL PR-123-2011 July 22, 2011 $275.0 $246.7 American Momentum Bank, Tampa, FL has agreed to assume all deposits.
Southshore Community Bank, Apollo Beach, FL PR-123-2011 July 22, 2011 $46.3 $45.3 American Momentum Bank, Tampa, FL has agreed to assume all deposits.
Summit Bank, Prescott, AZ PR-122-2011 July 15, 2011 $72.0 $66.4 The Foothills Bank, Yuma, AZ has agreed to assume all deposits.
First Peoples Bank, Port St. Lucie, FL PR-121-2011 July 15, 2011 $228.3 $209.7 Premier American Bank, National Association, Miami, FL has agreed to assume all deposits excluding certain brokered deposits.
High Trust Bank, Stockbridge, GA PR-120-2011 July 15, 2011 $192.5 $189.5 Ameris Bank, Moultrie, GA has agreed to assume all deposits.
One Georgia Bank, Atlanta, GA PR-120-2011 July 15, 2011 $186.3 $162.1 Ameris Bank, Moultrie, GA has agreed to assume all deposits excluding certain brokered deposits.
Signature Bank, Windsor, CO PR-119-2011 July 8, 2011 $66.7 $64.5 Points West Community Bank, Julesburg, CO has agreed to assume all deposits.
Colorado Capital Bank, Castle Rock, CO PR-118-2011 July 8, 2011 $717.5 $672.8 First-Citizens Bank & Trust Company, Raleigh, NC has agreed to assume all deposits excluding certain brokered deposits.
First Chicago Bank & Trust, Chicago, IL PR-117-2011 July 8, 2011 $959.3 $887.5 Northbrook Bank & Trust Company, Northbrook, IL has agreed to assume all deposits excluding certain brokered deposits.
JuneBack to top
Mountain Heritage Bank, Clayton, GA PR-110-2011 June 24, 2011 $103.7 $89.6 First American Bank and Trust Company, Athens, GA has agreed to assume all deposits excluding certain brokered deposits.
First Commercial Bank of Tampa Bay, Tampa, FL PR-105-2011 June 17, 2011 $98.6 $92.6 Stonegate Bank, Fort Lauderdale, FL has agreed to assume all deposits excluding certain brokered deposits.
McIntosh State Bank, Jackson, GA PR-104-2011 June 17, 2011 $339.9 $324.4 Hamilton State Bank, Hoschton, GA has agreed to assume all deposits.
Atlantic Bank and Trust, Charleston, SC PR-100-2011 June 3, 2011 $208.2 $191.6 First Citizens Bank and Trust Company, Inc., Columbia, SC has agreed to assume all deposits.
MayBack to top
First Heritage Bank, Snohomish, WA PR-094-2011 May 27, 2011 $173.5 $163.3 Columbia State Bank, Tacoma, WA has agreed to assume all deposits.
Summit Bank, Burlington, WA PR-090-2011 May 20, 2011 $142.7 $131.6 Columbia State Bank, Tacoma, WA has agreed to assume all deposits excluding certain brokered deposits.
First Georgia Banking Company, Franklin, GA PR-089-2011 May 20, 2011 $731.0 $702.2 CertusBank, National Association, Easley, SC has agreed to assume all deposits excluding certain brokered deposits.
Atlantic Southern Bank, Macon, GA PR-089-2011 May 20, 2011 $741.9 $707.6 CertusBank, National Association, Easley, SC has agreed to assume all deposits excluding certain brokered deposits.
Coastal Bank, Cocoa Beach, FL PR-084-2011 May 6, 2011 $129.4 $123.9 Florida Community Bank, a division of Premier American Bank, National Association, Miami, FL has agreed to assume all deposits.
AprilBack to top
Community Central Bank, Mount Clemens, MI PR-080-2011 April 29, 2011 $476.3 $385.4 Talmer Bank & Trust, Troy, MI has agreed to assume all deposits excluding certain brokered deposits.
The Park Avenue Bank, Valdosta, GA PR-079-2011 April 29, 2011 $953.3 $827.7 Bank of the Ozarks, Little Rock, AR has agreed to assume all deposits excluding certain brokered deposits.
First Choice Community Bank, Dallas, GA PR-079-2011 April 29, 2011 $308.5 $310.0 Bank of the Ozarks, Little Rock, AR has agreed to assume all deposits excluding certain brokered deposits.
Cortez Community Bank, Brooksville, FL PR-078-2011 April 29, 2011 $70.9 $61.4 Florida Community Bank, a division of Premier American Bank, National Association, Miami, FL has agreed to assume all deposits excluding certain brokered deposits.
First National Bank of Central Florida, Winter Park, FL PR-078-2011 April 29, 2011 $352.0 $312.1 Florida Community Bank, a division of Premier American Bank, National Association, Miami, FL has agreed to assume all deposits excluding certain brokered deposits.
Heritage Banking Group, Carthage, MS PR-075-2011 April 15, 2011 $224.0 $196.2 Trustmark National Bank, Jackson, MS has agreed to assume all deposits.
Rosemount National Bank, Rosemount, MN PR-074-2011 April 15, 2011 $37.6 $36.6 Central Bank, Stillwater, MN has agreed to assume all deposits.
Superior Bank, Birmingham, AL PR-073-2011 April 15, 2011 $3,000.0 $2,700.0 Superior Bank, National Association, Birmingham, AL has agreed to assume all deposits excluding certain brokered deposits.
Nexity Bank, Birmingham, AL PR-072-2011 April 15, 2011 $793.7 $637.8 AloStar Bank of Commerce, Birmingham, AL has agreed to assume all deposits excluding certain brokered deposits.
New Horizons Bank, East Ellijay, GA PR-071-2011 April 15, 2011 $110.7 $106.1 Citizens South Bank, Gastonia, NC has agreed to assume all deposits excluding certain brokered deposits.
Bartow County Bank, Cartersville, GA PR-070-2011 April 15, 2011 $330.2 $304.1 Hamilton State Bank, Hoschton, GA has agreed to assume all deposits.
Nevada Commerce Bank, Las Vegas, NV PR-065-2011 April 8, 2011 $144.9 $136.4 City National Bank, Los Angeles, CA has agreed to assume all deposits excluding certain brokered deposits.
Western Springs National Bank and Trust, Western Springs, IL PR-064-2011 April 8, 2011 $186.8 $181.9 Heartland Bank and Trust Company, Bloomington, IL has agreed to assume all deposits.
MarchBack to top
The Bank of Commerce, Wood Dale, IL PR-058-2011 March 25, 2011 $163.1 $161.4 Advantage National Bank Group, Elk Grove Village, IL has agreed to assume all deposits.
Legacy Bank, Milwaukee, WI PR-055-2011 March 11, 2011 $190.4 $183.3 Seaway Bank and Trust Company, Chicago, IL has agreed to assume all deposits excluding certain brokered deposits.
The First National Bank of Davis, Davis, OK PR-054-2011 March 11, 2011 $90.2 $68.3 The Pauls Valley National Bank, Pauls Valley, OK has agreed to assume all deposits excluding certain brokered deposits.
FebruaryBack to top
Valley Community Bank, St. Charles, IL PR-048-2011 February 25, 2011 $123.8 $124.2 First State Bank, Mendota, IL has agreed to assume all deposits excluding certain brokered deposits.
San Luis Trust Bank, FSB, San Luis Obispo, CA PR-041-2011 February 18, 2011 $332.6 $272.2 First California Bank, Westlake Village, CA has agreed to assume all deposits excluding certain brokered deposits.
Charter Oak Bank, Napa, CA PR-040-2011 February 18, 2011 $120.8 $105.3 Bank of Marin, Novato, CA has agreed to assume all deposits excluding certain brokered deposits.
Citizens Bank of Effingham, Springfield, GA PR-039-2011 February 18, 2011 $214.3 $206.5 Heritage Bank of the South, Albany, GA has agreed to assume all deposits excluding certain brokered deposits.
Habersham Bank, Clarkesville, GA PR-038-2011 February 18, 2011 $387.6 $339.9 SCBT National Association, Orangeburg, SC has agreed to assume all deposits.
Canyon National Bank, Palm Springs, CA PR-035-2011 February 11, 2011 $210.9 $205.3 Pacific Premier Bank, Costa Mesa, CA has agreed to assume all deposits excluding certain brokered deposits.
Badger State Bank, Cassville, WI PR-034-2011 February 11, 2011 $83.8 $78.5 Royal Bank, Elroy, WI has agreed to assume all deposits excluding certain brokered deposits.
Peoples State Bank, Hamtramck, MI PR-033-2011 February 11, 2011 $390.5 $389.9 First Michigan Bank, Troy, MI has agreed to assume all deposits.
Sunshine State Community Bank, Port Orange, FL PR-032-2011 February 11, 2011 $125.5 $116.7 Premier American Bank, National Association, Miami, FL has agreed to assume all deposits.
Community First Bank - Chicago, Chicago, IL PR-025-2011 February 4, 2011 $51.1 $49.5 Northbrook Bank & Trust Company, Northbrook, IL has agreed to assume all deposits.
North Georgia Bank, Watkinsville, GA PR-024-2011 February 4, 2011 $153.2 $139.7 BankSouth, Greensboro, GA has agreed to assume all deposits excluding certain brokered deposits.
American Trust Bank, Roswell, GA PR-023-2011 February 4, 2011 $238.2 $222.2 Renasant Bank, Tupelo, MS has agreed to assume all deposits.
JanuaryBack to top
First Community Bank, Taos, NM PR-018-2011 January 28, 2011 $2,310.0 $1,940.0 U.S. Bank, National Association, Minneapolis, MN has agreed to assume all deposits excluding certain brokered deposits.
FirsTier Bank, Louisville, CO PR-017-2011 January 28, 2011 $781.5 $722.8 To protect the insured depositors, the FDIC created Deposit Insurance National Bank of Louisville - a new depository institution chartered by the Office of Thrift Supervision (OTS), which will remain open until February 28, 2011.
Evergreen State Bank, Stoughton, WI PR-016-2011 January 28, 2011 $246.5 $195.2 McFarland State Bank, McFarland, WI has agreed to assume all deposits excluding certain brokered deposits.
The First State Bank, Camargo, OK PR-015-2011 January 28, 2011 $43.5 $40.3 Bank 7, Oklahoma City, OK has agreed to assume all deposits excluding certain brokered deposits.
United Western Bank, Denver, CO PR-013-2011 January 21, 2011 $2,050.0 $1,650.0 First-Citizens Bank & Trust Co., Raleigh, NC has agreed to assume all deposits.
The Bank of Asheville, Asheville, NC PR-012-2011 January 21, 2011 $195.1 $188.3 First Bank, Troy, NC has agreed to assume all deposits.
CommunitySouth Bank and Trust, Easley, SC PR-011-2011 January 21, 2011 $440.6 $402.4 CertusBank, National Association, Charlotte, NC has agreed to assume all deposits excluding certain brokered deposits.
Enterprise Banking Company, McDonough, GA PR-010-2011 January 21, 2011 $100.9 $95.5 To protect the insured depositors, the FDIC created Deposit Insurance National Bank of McDonough - a new depository institution chartered by the Office of Thrift Supervision (OTS), which will remain open until January 28, 2011.
Oglethorpe Bank, Brunswick, GA PR-006-2011 January 14, 2011 $230.6 $212.7 Bank of the Ozarks, Little Rock, AR has agreed to assume all deposits excluding certain brokered deposits.
Legacy Bank, Scottsdale, AZ PR-003-2011 January 7, 2011 $150.6 $125.9 Enterprise Bank & Trust, Clayton, MO has agreed to assume all deposits.
First Commercial Bank of Florida, Orlando, FL PR-002-2011 January 7, 2011 $598.5 $529.6 First Southern Bank, Boca Raton, FL has agreed to assume all deposits excluding certain brokered deposits.

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