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 |
|---|---|---|
| Jul 1, 2010 | The Farmers and Merchants State Bank | The Riley State Bank of Riley Kansas |
| Jul 1, 2010 | All City Credit Union | Northwest Plus Credit Union |
| Jul 1, 2010 | Lafayette Teachers & Employees Federal Credit Union | Meritus Federal Credit Union |
| Jul 1, 2010 | First Keystone Bank | The Bryn Mawr Trust Company |
| Jul 1, 2010 | Reco Credit Union | 1st Midamerica Credit Union |
| Jul 1, 2010 | Putnam Federal Credit Union | Hudson Valley Federal Credit Union |
| Jul 1, 2010 | Southwest Bank, An M&I Bank | M&I Marshall and Ilsley Bank |
| Jul 1, 2010 | Southeast Community Credit Union | River City Federal Credit Union |
| Jul 1, 2010 | Decatur Firemens Credit Union | United Equity Credit Union |
| Jul 1, 2010 | State Central Credit Union | Summit Credit Union |
| Jul 1, 2010 | Croydon Savings Bank | Fidelity Savings & Loan Association of Bucks County |
| Jul 1, 2010 | First Delta Federal Credit Union | Shreveport Federal Credit Union |
| Jul 1, 2010 | PPG Paint Research Federal Credit Union | PPG & Associates Federal Credit Union |
| Jul 1, 2010 | Hamden Federal Credit Union | Crosspoint Federal Credit Union |
| Jul 1, 2010 | Lake Charles Telco Credit Union | Pelican Credit Union |
| Jul 1, 2010 | Firstcom Bancorp, Inc. | Byline Bancorp, Inc. |
| Jul 1, 2010 | The Bank of Nashville | Synovus Bank |
| Jul 1, 2010 | Credit Suisse (International) Holding Ag | Credit Suisse Ag |
| Jul 1, 2010 | Rutgers University Student and Alumni Federal Credit Union | Affinity Federal Credit Union |
| Jul 1, 2010 | First Keystone Financial, Inc. | Bryn Mawr Bank Corporation |
| Jul 1, 2010 | First Midland Nevada Corp. | First Bancshares of Texas, Inc. |
| Jun 30, 2010 | Lancaster Pennsylvania Police Federal Credit Union | Lancaster Red Rose Credit Union |
| Jun 30, 2010 | Grupo Empresas Servicios Financieros | FirstBank Puerto Rico |
| Jun 30, 2010 | First Leasing and Rental Corp. | FirstBank Puerto Rico |
| Jun 30, 2010 | U W Trust Company | United Western Trust Company |
| Jun 30, 2010 | Orchard Valley Financial Corp. | First State Bank of Colorado |
| Jun 30, 2010 | Paonia Financial Services, Inc. | First State Bank of Colorado |
| Jun 30, 2010 | Paonia State Bank | First State Bank of Colorado |
| Jun 30, 2010 | Colorado Mountain Bank | First State Bank of Colorado |
| Jun 28, 2010 | Inficorp Holdings, Inc. | First National of Nebraska, Inc. |
| Jun 28, 2010 | Turnpike Credit Union | Mass Bay Credit Union |
| Jun 12, 2010 | Kramer Homes Federal Credit Union | Unity Credit Union |
| Jun 11, 2010 | Muskegon Teachers Credit Union | Best Financial Credit Union |
| Jun 8, 2010 | SWNB Nevada Corporation | SWNB Bancorp, Inc. |
| Jun 5, 2010 | Medina Valley State Bank | Security State Bank |
| Jun 1, 2010 | Wausau City Employees Credit Union | Connexus Credit Union |
| Jun 1, 2010 | Synovus Bank of Jacksonville | Synovus Bank |
| Jun 1, 2010 | Jefferson Community Development Federal Credit Union | Coosa Pines Federal Credit Union |
| Jun 1, 2010 | Synovus Bank | Synovus Bank |
| Jun 1, 2010 | Progressive Neighborhood Federal Credit Union | Visions Federal Credit Union |
| Jun 1, 2010 | Sterling Bank | Synovus Bank |
| Jun 1, 2010 | The Bank of Tuscaloosa | Synovus Bank |
| Jun 1, 2010 | Georgia Bank & Trust | Synovus Bank |
| Jun 1, 2010 | First Coast Community Bank | Synovus Bank |
| Jun 1, 2010 | Epworth Federal Credit Union | Market USA Federal Credit Union |
| Jun 1, 2010 | AFB&T | Synovus Bank |
| Jun 1, 2010 | Commercial Bank & Trust Company of Troup County | Synovus Bank |
| Jun 1, 2010 | Bank of North Georgia | Synovus Bank |
| Jun 1, 2010 | Bank of Coweta | Synovus Bank |
| Jun 1, 2010 | Niagara Pasny Federal Credit Union | Niagara's Choice Federal Credit Union |
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 |