Failed Banks - 2011

By Wendell Cochran

As of Dec. 16, 92 banks have failed and been taken over by the Federal Deposit Insurance Corp. In most cases, deposits and some of the assets have been transferred to acquiring banks. The acquiring bank assumes the bank's deposits and, usually, some of the assets. In most cases, the FDIC acquires some of the assets -- normally the troubled loans. The FDIC estimates that the failures in 2011 have cost $7.2 billion.

Click on a bank's name for more details. Click on a column header to sort the list; click a second time to reverse the sort order.

Bank Name	Closing date	Acquiring bank	FDIC cost (millions)
Western National Bank Phoenix, AZ	2011-12-16	Washington Federal Savings and Loan Association Seattle, WA	37.6
Premier Community Bank of the Emerald Coast Crestview, FL	2011-12-16	Summit Bank, National Association Panama City, FL	31.2
Polk County Bank Johnston, IA	2011-11-18	Grinnell State Bank Grinnell, IA	12.0
Central Progressive Bank Lacombe, LA	2011-11-18	First NBC Bank New Orleans, LA	58.1
Community Bank of Rockmart Rockmart, GA	2011-11-10	Century Bank of Georgia Cartersville, GA	14.5
SunFirst Bank Saint George, UT	2011-11-04	Cache Valley Bank Logan, UT	49.7
Mid City Bank, Inc. Omaha, NE	2011-11-04	Purdum State Bank Purdum, NE	12.7
All American Bank Des Plaines, IL	2011-10-28	International Bank of Chicago Chicago, IL	6.5
Community Banks of Colorado Greenwood Villag, CO	2011-10-21	Bank Midwest, National Association Kansas City, MO	224.9
Decatur First Bank Decatur, GA	2011-10-21	Fidelity Bank Atlanta, GA	32.6
Community Capital Bank Jonesboro, GA	2011-10-21	State Bank and Trust Company Macon, GA	62.0
Old Harbor Bank Clearwater, FL	2011-10-21	1st United Bank Boca Raton, FL	39.3
Blue Ridge Savings Bank, Inc. Asheville, NC	2011-10-14	Bank of North Carolina Thomasville, NC	38.0
Piedmont Community Bank Gray, GA	2011-10-14	State Bank and Trust Company Macon, GA	71.3
Country Bank Aledo, IL	2011-10-14	Blackhawk Bank & Trust Milan, IL	66.3
First State Bank Cranford, NJ	2011-10-14	Northfield Bank Staten Island, NY	45.8
Sun Security Bank Ellington, MO	2011-10-07	Great Southern Bank Reeds Spring, MO	118.3
The RiverBank Wyoming, MN	2011-10-07	Central Bank Stillwater, MN	71.4
First International Bank Plano, TX	2011-09-30	Superior Bank, National Association Tampa, FL	53.8
Bank of the Commonwealth Norfolk, VA	2011-09-23	Southern Bank and Trust Company Mount Olive, NC	268.3
Citizens Bank of Northern California Nevada City, CA	2011-09-23	Tri Counties Bank Chico, CA	37.2
The First National Bank of Florida Milton, FL	2011-09-09	CharterBank West Point, GA	46.9
CreekSide Bank Woodstock, GA	2011-09-02	Georgia Commerce Bank Atlanta, GA	27.3
Patriot Bank of Georgia Cumming, GA	2011-09-02	Georgia Commerce Bank Atlanta, GA	44.4
First Southern National Bank Statesboro, GA	2011-08-19	Heritage Bank of the South Albany, GA	39.6
Lydian Private Bank Palm Beach, FL	2011-08-19	Sabadell United Bank, National Association Miami, FL	293.2
First Choice Bank Geneva, IL	2011-08-19	INLAND BANK & TRUST Oak Brook, IL	31.0
Public Savings Bank Huntingdon Valle, PA	2011-08-18	Capital Bank, National Association Rockville, MD	11.0
The First National Bank of Olathe Olathe, KS	2011-08-12	Enterprise Bank & Trust Clayton, MO	116.6
Bank of Shorewood Shorewood, IL	2011-08-05	Heartland Bank and Trust Company Bloomington, IL	25.6
Bank of Whitman Colfax, WA	2011-08-05	Columbia State Bank Tacoma, WA	134.8
Integra Bank National Association Evansville, IN	2011-07-29	Old National Bank Evansville, IN	170.7
BankMeridian, N.A. Columbia, SC	2011-07-29	SCBT National Association Orangeburg, SC	65.4
Virginia Business Bank Richmond, VA	2011-07-29	Xenith Bank Richmond, VA	17.3
Southshore Community Bank Apollo Beach, FL	2011-07-22	American Momentum Bank Tampa, FL	8.3
LandMark Bank of Florida Sarasota, FL	2011-07-22	American Momentum Bank Tampa, FL	34.4
Bank of Choice Greeley, CO	2011-07-22	Bank Midwest, National Association Kansas City, MO	213.6
First Peoples Bank Port St. Lucie, FL	2011-07-15	Premier American Bank, National Association Miami, FL	7.4
Summit Bank Prescott, AZ	2011-07-15	The Foothills Bank Yuma, AZ	11.3
High Trust Bank Stockbridge, GA	2011-07-15	Ameris Bank Moultrie, GA	66.0
One Georgia Bank Atlanta, GA	2011-07-15	Ameris Bank Moultrie, GA	44.4
Signature Bank Windsor, CO	2011-07-08	Points West Community Bank Julesburg, CO	22.3
Colorado Capital Bank Castle Rock, CO	2011-07-08	First-Citizens Bank & Trust Company Raleigh, NC	283.8
First Chicago Bank & Trust Itasca, IL	2011-07-08	Northbrook Bank and Trust Company Northbrook, IL	284.3
Mountain Heritage Bank Clayton, GA	2011-06-24	First American Bank and Trust Company Athens, GA	41.1
First Commercial Bank of Tampa Bay Tampa, FL	2011-06-17	Stonegate Bank Fort Lauderdale, FL	28.5
McIntosh State Bank Jackson, GA	2011-06-17	Hamilton State Bank Hoschton, GA	80.0
Atlantic Bank and Trust Charleston, SC	2011-06-03	First Citizens Bank and Trust Company, Inc. Columbia, SC	36.4
First Heritage Bank Snohomish, WA	2011-05-27	Columbia State Bank Tacoma, WA	34.9
First Georgia Banking Company Franklin, GA	2011-05-20	Deposits were acquired by CertusBank, National Association, Easley, S.C., a subsidiary of Blue Ridge Holdings, Inc., Charlotte, N.C	156.5
Summit Bank Burlington, WA	2011-05-20	Columbia State Bank Tacoma, WA	15.7
Atlantic Southern Bank Macon, GA	2011-05-20	Deposits were acquired by CertusBank, National Association, Easley, S.C., a subsidiary of Blue Ridge Holdings, Inc., Charlotte, N.C.	273.5
Coastal Bank Merritt Island, FL	2011-05-06	Premier American Bank, National Association Miami, FL	13.4
The Park Avenue Bank Valdosta, GA	2011-04-29	Bank of the Ozarks Little Rock, AR	306.1
Cortez Community Bank Brooksville, FL	2011-04-29	Premier American Bank, National Association Miami, FL	18.6
Community Central Bank Mount Clemens, MI	2011-04-29	First Michigan Bank Troy, MI	183.2
First Choice Community Bank Dallas, GA	2011-04-29	Bank of the Ozarks Little Rock, AR	92.4
First National Bank of Central Florida Winter Park, FL	2011-04-29	Premier American Bank, National Association Miami, FL	42.9
Superior Bank Birmingham, AL	2011-04-15	Bank acquired by Superior Bank, N.A., of Birmingham, AL, a newly chartered bank	259.6
Bartow County Bank Cartersville, GA	2011-04-15	Hamilton State Bank Hoschton, GA	69.5
Nexity Bank Birmingham, AL	2011-04-15	Bank acquired by AloStar Bank of Commerce of Birmingham, AL, a newly chartered bank.	175.4
Heritage Banking Group Carthage, MS	2011-04-15	Trustmark National Bank Jackson, MS	49.1
New Horizons Bank East Ellijay, GA	2011-04-15	Citizens South Bank Gastonia, NC	30.9
Rosemount National Bank Rosemount, MN	2011-04-15	Central Bank Stillwater, MN	3.6
Nevada Commerce Bank Las Vegas, NV	2011-04-08	City National Bank Beverly Hills, CA	31.9
Western Springs National Bank and Trust Western Springs, IL	2011-04-08	Heartland Bank and Trust Company Bloomington, IL	31.0
The Bank of Commerce Wood Dale, IL	2011-03-25	Advantage National Bank Elk Grove Villag, IL	41.9
Legacy Bank Milwaukee, WI	2011-03-11	Seaway Bank and Trust Company Chicago, IL	43.5
The First National Bank of Davis Davis, OK	2011-03-11	The Pauls Valley National Bank Pauls Valley, OK	26.5
Valley Community Bank St. Charles, IL	2011-02-25	First State Bank Mendota, IL	22.8
Habersham Bank Clarkesville, GA	2011-02-18	SCBT National Association Orangeburg, SC	90.3
Charter Oak Bank Napa, CA	2011-02-18	Bank of Marin Novato, CA	21.8
Citizens Bank of Effingham Springfield, GA	2011-02-18	Heritage Bank of the South Albany, GA	59.4
San Luis Trust Bank, FSB San Luis Obispo, CA	2011-02-18	First California Bank Westlake Village, CA	96.1
Badger State Bank Cassville, WI	2011-02-11	Royal Bank Elroy, WI	17.5
Peoples State Bank Hamtramck, MI	2011-02-11	First Michigan Bank Troy, MI	87.4
Sunshine State Community Bank Port Orange, FL	2011-02-11	Premier American Bank, National Association Miami, FL	30.0
Canyon National Bank Palm Springs, CA	2011-02-11	Pacific Premier Bank Costa Mesa, CA	10.0
American Trust Bank Roswell, GA	2011-02-04	Renasant Bank Tupelo, MS	71.5
Community First Bank - Chicago Chicago, IL	2011-02-04	Northbrook Bank and Trust Company Northbrook, IL	11.7
North Georgia Bank Watkinsville, GA	2011-02-04	BankSouth Greensboro, GA	35.2
Evergreen State Bank Stoughton, WI	2011-01-28	McFarland State Bank Mc Farland, WI	22.8
The First State Bank Camargo, OK	2011-01-28	Bank 7 Oklahoma City, OK	20.1
First Community Bank Taos, NM	2011-01-28	U.S. Bank National Association Cincinnati, OH	260.0
FirsTier Bank Louisville, CO	2011-01-28	No buyer found. FDIC created Deposit National Bank of Louisville to pay off insured deposits.	242.6
Enterprise Banking Company Mcdonough, GA	2011-01-21	No buyer found. FDIC created Deposit Insurance National Bank of McDonough and will pay off insured deposits.	39.6
The Bank of Asheville Asheville, NC	2011-01-21	First Bank Troy, NC	56.2
United Western Bank Denver, CO	2011-01-21	First-Citizens Bank & Trust Company Raleigh, NC	312.8
CommunitySouth Bank and Trust Easley, SC	2011-01-21	Deposits were acquired by CertusBank, National Association, Easley, S.C., a newly-chartered bank subsidiary of Blue Ridge Holdings, Inc., Charlotte, N.C.	46.3
Oglethorpe Bank Brunswick, GA	2011-01-14	Bank of the Ozarks Little Rock, AR	80.4
Legacy Bank Scottsdale, AZ	2011-01-07	Enterprise Bank & Trust Clayton, MO	27.9
First Commercial Bank of Florida Orlando, FL	2011-01-07	First Southern Bank Boca Raton, FL	78.0

Notes:

* FDIC created this bank because it could not find a buyer

** Office of Thrift Supervision created this bank because it could not find a buyer

*** Newly chartered bank

**** Assumed deposits and some assets of failed bank

***** Purchased some assets of failed bank under loss share agreement with FDIC

IN PARTNERSHIP WITH

BANKTRACKER

SEARCH FOR A BANK
SEARCH FOR A CREDIT UNION
2012 FAILED BANK LIST
2011 FAILED BANK LIST
2010 FAILED BANK LIST
SEARCH TARP RECIPIENTS
BANK METHODOLOGY
CREDIT UNION METHODOLOGY
ABOUT THE AUTHOR
CONTRIBUTORS

Small business loans at 10-year low

New federal data show that the number of small bank loans to business has fallen to the lowest point in more than a decade, cutting the flow of money to a sector that's usually a job-creation powerhouse. More

Banking's future: The big will get bigger

As banks emerge from the three-year financial crisis, new competitive pressures and more regulations will force many smaller banks out of business, resulting in even more power for the largest institutions. More

Bank lending continues three-year decline

A three-year decline in lending continued into the first quarter of 2011, according to reports from the FDIC. Loans for real estate development and construction are down by more than half since March of 2008. More

A graphic look at the state of American banking

Over the past three years, the banking industry has continued to reel from the mortgage meltdown and the recession. Today, there are 11 percent fewer banks than at the end of 2007; more than 300 banks have failed since Jan. 1, 2009. Problem loans and foreclosures continue to plague the industry, with troubled assets nearly tripling since the end of 2007. In a sign of slow improvement, troubled assets fell in the fourth quarter of last year, but the number of banks on the FDIC's troubled list continues to grow and is at two-decade high. More

Banks emerging from three-year financial crisis

The past three years have been harsh to banks around the country. Indications are the worst is over, but the industry still is feeling many lingering effects. More

Mortgage-backed securities losses costing nation's credit unions

Credit unions may be but a small entity in the nation's financial world, but they are now cleaning up a multibillion dollar mess created by a handful of "corporate" credit unions that invested in mortgage-backed securities. More

Bank health improves in third quarter

The nation’s banks continued their slow return to health in the third quarter, according to reports filed with the Federal Deposit Insurance Corp. More