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List Of 2011, 92 Bank Failures Reveals Interesting Facts
A total of 92 banks failed during 2011, signaling a continuation of the crisis in the banking industry. Although total banking failures during 2011 declined from the previous year, the number remains historically high. The last time more than 50 banks failed in one year was 1992 or 20 years ago.
The complete list of 2011 banking failures is listed below followed by some interesting facts on last year’s banking failures.

Failure #	Bank		State	Date		Assets $MIL
1	First Commercial Bank of Florida		Florida	January 7, 2011		599
2	Legacy Bank		Arizona	January 7, 2011		151
3	Oglethorpe Bank		Georgia	January 14, 2011		231
4	Enterprise Banking Company		Georgia	January 21, 2011		96
5	CommunitySouth Bank and Trust		South Carolina	January 21, 2011		402
6	Bank of Asheville		North Carolina	January 21, 2011		188
7	United Western Bank		Colorado	January 21, 2011		1,650
8	FirsTier Bank		Colorado	January 28, 2011		782
9	First Community Bank		New Mexico	January 28, 2011		2,300
10	First State Bank		Oklahoma	January 28, 2011		44
11	Evergreen State Bank		Wisconsin	January 28, 2011		247
12	American Trust Bank		Georgia	February 4, 2011		238
13	North Georgia Bank		Georgia	February 4, 2011		153
14	Community First Bank		Illinois	February 4, 2011		51
15	Peoples State Bank		Michigan	February 11, 2011		391
16	Canyon National Bank		California	February 11, 2011		211
17	Sunshine State Community Bank		Florida	February 11, 2011		126
18	Badger State Bank		Wisconsin	February 11, 2011		84
19	Habersham Bank		Georgia	February 18, 2011		387
20	Citizens Bank of Effingham		Georgia	February 18, 2011		214
21	Charter Oak Bank		California	February 18, 2011		121
22	San Luis Trust Bank, FSB		California	February 18, 2011		333
23	Valley Community Bank		Illinois	February 25, 2011		123
24	First National Bank of Davis		Oklahoma	March 11, 2011		90
25	Legacy Bank		Wisconsin	March 11, 2011		190
26	Bank of Commerce		Illinois	March 25, 2011		163
27	Western Springs National Bank and Trust		Illinois	April 11, 2011		186
28	Nevada Commerce Bank		Nevada	April 11, 2011		144
29	Bartow County Bank		Georgia	April 15, 2011		330
30	New Horizons Bank		Georgia	April 15, 2011		110
31	Nexity Bank		Alabama	April 15, 2011		793
32	Superior Bank		Alabama	April 15, 2011		3,000
33	Rosemount National Bank		Minnesota	April 15, 2011		37
34	Heritage Banking Group		Mississippi	April 15, 2011		224
35	Community Central Bank		Michigan	April 29, 2011		476
36	Park Avenue Bank		Georgia	April 29, 2011		953
37	First Choice Community Bank		Georgia	April 29, 2011		309
38	Cortez Community Bank		Florida	April 29, 2011		71
39	First National Bank of Central Florida		Florida	April 29, 2011		352
40	Coastal Bank		Florida	May 6, 2011		129
41	Atlantic Southern Bank		Georgia	May 20, 2011		742
42	First Georgia Banking Company		Georgia	May 20, 2011		731
43	Summit Bank		Washington	May 20, 2011		143
44	First Heritage Bank		Washington	May 27, 2011		174
45	Atlantic Bank and Trust		South Carolina	June 3, 2011		208
46	McIntosh State Bank		Georgia	June 17, 2011		339.9
47	First Commercial Bank of Tampa Bay		Florida	June 17, 2011		98.6
48	Mountain Heritage Bank		Georgia	June 24, 2011		103.7
49	First Chicago Bank & Trust		Illinois	July 8, 2011		959.3
50	Colorado Capital Bank		Colorado	July 8, 2011		717.5
51	Signature Bank		Colorado	July 8, 2011		66.7
52	One Georgia Bank		Georgia	July 15, 2011		186.3
53	High Trust Bank		Georgia	July 15, 2011		192.5
54	First Peoples Bank		Florida	July 15, 2011		228.3
55	Summit Bank		Arizona	July 15, 2011		72.0
56	Southshore Community Bank		Florida	July 22, 2011		46.3
57	LandMark Bank of Florida		Florida	July 22, 2011		275.0
58	Bank of Choice		Colorado	July 22, 2011		1,070
59	Virginia Business Bank		Virginia	July 29, 2011		95.8
60	BankMeridian, N.A.		South Carolina	July 29, 2011		239.8
61	Integra Bank National Association		Indiana	July 29, 2011		2,200
62	Bank of Shorewood		Illinois	August 5, 2011		110.7
63	Bank of Whitman		Washington	August 5, 2011		548.6
64	The First National Bank of Olathe		Kansas	August 12, 2011		538.1
65	Public Savings Bank		Pennsylvania	August 18, 2011		46.8
66	Lydian Private Bank		Florida	August 19, 2011		1,700
67	First Southern National Bank		Georgia	August 19, 2011		164.6
68	First Choice Bank		Illinois	August 19, 2011		141
69	Patriot Bank of Georgia		Georgia	September 2, 2011		150.8
70	CreekSide Bank		Georgia	September 2, 2011		102.3
71	First National Bank of Florida		Florida	September 9, 2011		296.8
72	Bank of the Commonwealth		Virginia	September 23, 2011		985.1
73	Citizens Bank of Northern California		California	September 23, 2011		288.8
74	First International Bank		Texas	September 30, 2011		239.9
75	The RiverBank		Minnesota	October 7, 2011		417.4
76	Sun Security Bank		Missouri	October 7, 2011		355.9
77	Piedmont Community Bank		Georgia	October 14, 2011		201.7
78	Blue Ridge Savings Bank		North Carolina	October 14, 2011		161
79	First State Bank		New Jersey	October 14, 2011		204.4
80	Country Bank		Illinois	October 14, 2011		190.6
81	Old Harbor Bank		Florida	October 21, 2011		215.9
82	Decatur First Bank		Georgia	October 21, 2011		191.5
83	Community Capital Bank		Georgia	October 21, 2011		181.2
84	Community Banks of Colorado		Colorado	October 21, 2011		1,380
85	All American Bank		Illinois	October 28, 2011		37.8
86	Mid City Bank, Inc.		Nebraska	November 4, 2011		106.1
87	SunFirst Bank		Utah	November 4, 2011		376.2
88	Community Bank of Rockmart		Georgia	November 10, 2011		62.4
89	Polk County Bank		Iowa	November 18, 2011		91.6
90	Central Progressive Bank		Louisiana	November 18, 2011		383.1
91	Premier Community Bank of the Emerald Coast		Florida	December 16, 2011		126.0
92	Western National Bank		Arizona	December 16, 2011		162.9

Interesting Facts On The Banking Failures of 2011
1. The total losses to the FDIC Deposit Insurance Fund for 2011 bank failures was approximately $7.2 billion. Losses on bank failures since 2008 have totaled $86.3 billion, virtually wiping out the deposit insurance fund which currently insures $6.8 trillion.
2. The FDIC was unable to find buyers for two failed banks, Enterprise Banking Company, Georgia, and Firs Tier Bank, Colorado. The two failed banks had total assets of $878 million which the FDIC was forced to retain for later disposal. The FDIC currently has almost $30 billion in failed bank assets that they are trying to dispose of.
3. Georgia and Florida accounted for almost 40% of last years banking failures. Georgia had 23 bank failures followed by Florida with 13.
4. The 92 banks that failed had total assets of approximately $36 billion. Total assets of banks that failed during the period 2008 to 2010 totaled a staggering $634 billion.
5. The increase in bank failures required the FDIC to almost double its number of employees to 8,129 from only 4,532 in 2007.
6. There were 92 banking failures during 2011 compared to 157 in 2010, 140 in 2009 and 25 in 2008.

Bank Failures - courtesy The Wall Street Journal

7. Seven failed banks had total assets of over $1 billion at the time of closing. The largest bank failure of 2011 was Superior Bank of Alabama which had $3.0 billion in total assets.
8. Losses as a percentage of total failed bank assets was 20%. Prior to failing, many banks carried these assets on the books far above their fair market value.
9. Bank failures occurred in 28 different states. Nevada, which has seen one of the greatest drops in real estate values of any state since 2008, had only one bank failure in 2011.
10. Plunging real estate values and foreclosures have fueled the banking crisis. During 2011, there was a staggering 2.7 million foreclosure filings.
Source
Related posts:

1. Four Bank Failures In Four States Brings Year’s Total To 80
2. 2010 Banking Failures By State – Why 2011 Should Look The Same
3. 2011 Bank Failures Decline For First Time In Three Years