Calendar Year
2010 in US Banking
1,535 bank events are on record for 2010: 157 failures, 502 mergers or acquisitions involving a bank, credit union or bank holding company, and 876 enforcement actions.
157
Failures
$92.08B in failed assets
502
Mergers
Federal Reserve NIC, banking organizations
876
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
Jump to: Bank failures 2010 · Bank mergers 2010
How many banks failed in 2010?
157 banks failed in 2010, with $92.08B in assets. Each failure below links to its own page.
| Date | Bank | Assets |
|---|---|---|
| Jan 22, 2010 | Evergreen Bank | $396.0M |
| Jan 22, 2010 | Premier American Bank | $299.2M |
| Jan 22, 2010 | Bank of Leeton | $20.1M |
| Jan 15, 2010 | Barnes Banking Company | $709.2M |
| Jan 15, 2010 | Town Community Bank and Trust | $70.8M |
| Jan 15, 2010 | St. Stephen State Bank | $22.9M |
| Jan 8, 2010 | Horizon Bank | $1.19B |
Which banks merged in 2010?
502 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2010.
See the fuller list: Bank mergers 2010 with largest deals and credit union mergers ›
| Date | Acquired | Acquirer |
|---|---|---|
| Dec 31, 2010 | Holy Cross Credit Union | Valley Credit Union |
| Dec 31, 2010 | 1st Priority Federal Credit Union | Advantage Federal Credit Union |
| Dec 31, 2010 | Interbank | Interbank |
| Dec 31, 2010 | First National Bank of Olney | Interbank |
| Dec 31, 2010 | First Metropolitan Credit Union | Travis Credit Union |
| Dec 31, 2010 | Friona State Bank, N.A. | Interbank |
| Dec 31, 2010 | First Service Credit Union | First Service Credit Union |
| Dec 31, 2010 | Wachovia Financial Services, Inc. | Wells Fargo Bank, N.A. |
| Dec 31, 2010 | First Coleman National Bank of Coleman | Interbank |
| Dec 31, 2010 | Mountain View Federal Credit Union | Certified Federal Credit Union |
| Dec 31, 2010 | Rite Choice Federal Credit Union | Peak Credit Union |
| Dec 31, 2010 | Danville Holy Family Credit Union | First Illinois Credit Union |
| Dec 31, 2010 | Graham National Bank | Interbank |
| Dec 31, 2010 | ShoreBank, Pacific | Beneficial State Bank |
| Dec 31, 2010 | California Oaks State Bank | California United Bank |
| Dec 31, 2010 | First State Bank of Canadian, National Association | Interbank |
| Dec 31, 2010 | First Independent Bank of Nevada | Western Alliance Bank |
| Dec 31, 2010 | Professional Business Bank | Professional Business Bank |
| Dec 31, 2010 | Meta Trust Company | First Bank & Trust |
| Dec 31, 2010 | Alta Alliance Bank | Torrey Pines Bank |
| Dec 31, 2010 | Ally Long-Term Incentive Plan LLC | Ally Financial Inc. |
| Dec 31, 2010 | Abbco Community Credit Union | Scott Credit Union |
| Dec 31, 2010 | The Farmers National Bank of Seymour | Interbank |
| Dec 31, 2010 | Citizens National Bank of Breckenridge | Interbank |
| Dec 30, 2010 | SKBHC Hawks Nest Acquisition Corp. | Starbuck Bancshares, Inc. |
| Dec 29, 2010 | First Commerce Bancorp | Grandpoint Capital, Inc. |
| Dec 29, 2010 | Bot Financial Group, Inc. | The Bank of Texas Bancshares, Inc. |
| Dec 29, 2010 | J. R. Montgomery Bancorporation | JRMB II, Inc |
| Dec 29, 2010 | First Commerce Bank | Grandpoint Bank |
| Dec 28, 2010 | The Woodhouse & Bartley Bank | Peoples State Bank |
| Dec 24, 2010 | Union-Adams Bancorp. | Iowa Community Bancorp, Inc. |
| Dec 23, 2010 | First Munday Bancshares of Delaware, Inc. | First Munday Bancshares, Inc. |
| Dec 22, 2010 | Throckmorton Bancorp of Delaware, Inc. | Throckmorton Bancshares, Inc. |
| Dec 21, 2010 | Century Bank | First Federal Savings and Loan Association of Lakewood |
| Dec 18, 2010 | The First State Bank | Community National Bank & Trust |
| Dec 18, 2010 | MBT Credit Company, Inc. | Monroe Bank & Trust |
| Dec 18, 2010 | Moorhead State Bank | United Bank of Iowa |
| Dec 15, 2010 | Maypearl Holdings, Inc. | Maypearl Bancshares, Inc. |
| Dec 15, 2010 | Ok Bancorporation, Inc. | BancFirst Corporation |
| Dec 11, 2010 | Bank Midwest, N.A. | Armed Forces Bank, N.A. |
| Dec 11, 2010 | First National Bank of Chester County | Graystone Tower Bank |
| Dec 11, 2010 | CSBC Financial Corporation | Hometown Community Bancorp, Inc. |
| Dec 11, 2010 | First Chester County Corporation | Tower Bancorp Inc. |
| Dec 11, 2010 | Bank Midwest, N.A. | NBH Bank |
| Dec 11, 2010 | Citizens State Bank of Cropsey | Morton Community Bank |
| Dec 10, 2010 | Exchange Bancshares of Moore, Inc. | BancFirst Corporation |
| Dec 10, 2010 | Centerstate Bank Central Florida, National Association | SouthState Bank, N.A. |
| Dec 10, 2010 | Centerstate Bank, N.A. | SouthState Bank, N.A. |
| Dec 4, 2010 | Delaware National Bank | Fulton Bank, N.A. |
| Dec 4, 2010 | Connecticut River Community Bank | Liberty Bank |
The list holds 500 of the 502 mergers recorded for 2010.
Enforcement Actions in 2010
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Jun 29, 2010 | OCC | First Integrity Bank, N.A. | Civil Money Penalty (CMP): Kruchten, Demian |
| Jun 29, 2010 | OCC | First Integrity Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Kruchten, Demian |
| Jun 29, 2010 | OCC | 1st National Bank of South Florida | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): 1st National Bank of South Florida |
| Jun 29, 2010 Released Jul 8, 2010 | FRB | Dickinson Financial Corporation II | Written Agreement: Dickinson Financial Corporation II, Kansas City, Missouri; Dickinson Financial Corporation, Kansas City, … |
| Jun 29, 2010 Released Jul 2, 2010 | FRB | Cecil Bancorp, Inc. | Written Agreement: Cecil Bancorp, Inc., Elkton, Maryland; Cecil Bank, Elkton, Maryland |
| Jun 28, 2010 Released Jul 7, 2010 | FRB | BCB Holding Company, Inc. | Written Agreement: BCB Holding Company, Inc., Mobile, Alabama |
| Jun 28, 2010 | OCC | NexTier Bank, National Association | Formal Agreement: Nextier Bank, National Association |
| Jun 28, 2010 | OCC | Old Dominion National Bank | Formal Agreement: Old Dominion National Bank |
| Jun 25, 2010 | OCC_OTS | United Western Bancorp, Inc. | Cease and Desist: United Western Bancorp, Inc. |
| Jun 25, 2010 | OCC_OTS | United Western Bank | Cease and Desist: United Western Bank |
| Jun 24, 2010 | OCC_OTS | Olde Cypress Community Bank | Prompt Corrective Action: Olde Cypress Community Bank |
| Jun 23, 2010 | OCC | Merchants Bank of California, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Merchants Bank of California, National Association |
| Jun 23, 2010 | OCC | First National Bank South Dakota | Formal Agreement: First National Bank South Dakota |
| Jun 22, 2010 | OCC | The First National Bank of Grant Park | Formal Agreement: The First National Bank of Grant Park |
| Jun 22, 2010 Released Jun 28, 2010 | FRB | Hana Financial Group Inc. | Written Agreement: BNB Financial Services Corporation, New York, New York (now known as Hana … |
| Jun 22, 2010 Released Jul 1, 2010 | FRB | NBN Corporation | Written Agreement: NBN Corporation, Newport, Tennessee |
| Jun 22, 2010 Released Jun 29, 2010 | FRB | Optimumbank Holdings, Inc. | Written Agreement: Optimumbank Holdings, Inc., Fort Lauderdale, Florida |
| Jun 22, 2010 Released Jun 28, 2010 | FRB | Smithtown Bancorp, Inc. | Written Agreement: Smithtown Bancorp, Inc., Hauppauge, New York |
| Jun 22, 2010 | OCC | American National Corporation | Civil Money Penalty (CMP): American National Bank |
| Jun 22, 2010 | OCC_OTS | The Bank of Greene County | Civil Money Penalty: The Bank of Greene County |
| Jun 21, 2010 | OCC_OTS | Sterling Federal Bank, Federal Savings Bank | Supervisory Agreement: Sterling Federal Bank, F.S.B. |
| Jun 21, 2010 Released Jun 23, 2010 | FRB | Thunder Bank | Prompt Corrective Action: Thunder Bank, Sylvan Grove, Kansas |
| Jun 21, 2010 Released Jun 29, 2010 | FRB | Citizens Bancshares Co. | Written Agreement: Citizens Bancshares Co., Chillicothe, Missouri |
| Jun 21, 2010 | OCC | PiBank, N.A. | Civil Money Penalty (CMP): Intercredit Bank, National Association |
| Jun 21, 2010 | OCC | Sterling Federal Bank, Federal Savings Bank | Formal Agreement: Sterling Federal Bank, F.S.B. |
| Jun 18, 2010 Released Jul 1, 2010 | FRB | Greensburg Bancshares, Inc. | Written Agreement: Greensburg Bancshares, Inc., Greensburg, Louisiana |
| Jun 17, 2010 | OCC_OTS | Cornerstone Bancshares | Cease and Desist: Cornerstone Bank |
| Jun 17, 2010 | OCC | Landmark Financial Holding Company | Formal Agreement: Landmark Bank, National Association |
| Jun 17, 2010 | OCC_OTS | Cornerstone Bancshares | Cease and Desist: Cornerstone Bancshares, Inc. |
| Jun 17, 2010 | OCC | CornerstoneBank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Cornerstonebank |
| Jun 16, 2010 | OCC_OTS | (individual) | Civil Money Penalty: Thomas Compliance Associates, Inc. |
| Jun 16, 2010 | OCC | Beacon Business Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Trans Pacific National Bank |
| Jun 15, 2010 | OCC | Conway Bank, National Association | Civil Money Penalty (CMP): Rottinghaus, Joseph |
| Jun 15, 2010 | OCC_OTS | Time Holdings, Inc. | Civil Money Penalty: Time Federal Savings Bank |
| Jun 15, 2010 | OCC | Conway Bank, National Association | Civil Money Penalty (CMP): Heiman, Jerod |
| Jun 15, 2010 | OCC | Conway Bank, National Association | Civil Money Penalty (CMP): Gerstenkorn, Norbert |
| Jun 15, 2010 Released Jun 21, 2010 | FRB | Dearborn Bancorp, Inc. | Written Agreement: Dearborn Bancorp, Inc., Dearborn, Michigan |
| Jun 15, 2010 Released Jun 21, 2010 | FRB | Metro Bank of Dade County | Prompt Corrective Action: Metro Bank of Dade County, Miami, Florida |
| Jun 15, 2010 | OCC_OTS | Time Holdings, Inc. | Cease and Desist: Time Federal Savings Bank |
| Jun 15, 2010 | OCC | Conway Bank, National Association | Civil Money Penalty (CMP): Lies, Michael |
| Jun 15, 2010 | OCC | Conway Bank, National Association | Civil Money Penalty (CMP): McKay, John |
| Jun 14, 2010 Released Jun 21, 2010 | FRB | Lincoln County Bancorp, Inc. | Written Agreement: Lincoln County Bancorp, Troy, Missouri; Peoples Bank and Trust Company, Troy, Missouri |
| Jun 14, 2010 Released Jun 22, 2010 | FRB | Waccamaw Bankshares, Inc | Written Agreement: Waccamaw Bankshares, Inc., Whiteville, North Carolina; Waccamaw Bank, Whiteville, North Carolina |
| Jun 14, 2010 | OCC | The First National Bank of Platteville | Notice of Charges: Klein, James L. |
| Jun 11, 2010 | FRB | (individual) | Prohibition from Banking: Bernardo Castaneda |
| Jun 11, 2010 | OCC | First National Bank of New York | Formal Agreement: Madison National Bank |
| Jun 11, 2010 | OCC | First National Bank of the Lakes | Formal Agreement: First National Bank of The Lakes |
| Jun 11, 2010 Released Jun 16, 2010 | FRB | Monarch Bank | Civil Money Penalty, $7,215: Monarch Bank, Chesapeake, Virginia |
| Jun 11, 2010 | OCC_OTS | Turnberry Bank | Prompt Corrective Action: Turnberry Bank |
| Jun 10, 2010 Released Jun 15, 2010 | FRB | (individual) | Prompt Corrective Action: Sterling Bank, Lantana, Florida |