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 |
|---|---|---|
| Dec 17, 2010 | The Bank of Miami | $448.1M |
| Dec 17, 2010 | Chestatee State Bank | $244.4M |
| Dec 17, 2010 | United Americas Bank | $242.3M |
| Dec 17, 2010 | First Southern Bank | $191.8M |
| Dec 17, 2010 | Appalacian Community Bank, F.S.B. | $68.2M |
| Dec 17, 2010 | Community National Bank | $31.6M |
| Dec 10, 2010 | Paramount Bank | $252.7M |
| Dec 10, 2010 | Earthstar Bank | $112.6M |
| Nov 19, 2010 | First Banking Center | $750.7M |
| Nov 19, 2010 | Gulf State Community Bank | $112.1M |
| Nov 19, 2010 | Allegiance Bank of North America | $106.6M |
| Nov 12, 2010 | Darby Bank & Trust Company | $654.7M |
| Nov 12, 2010 | Copper Star Bank | $204.0M |
| Nov 12, 2010 | Tifton Banking Company | $143.7M |
| Nov 5, 2010 | K Bank | $538.3M |
| Nov 5, 2010 | Pierce Commercial Bank | $221.1M |
| Nov 5, 2010 | Western Commercial Bank | $98.6M |
| Nov 5, 2010 | First Vietnamese American Bank | $48.0M |
| Oct 22, 2010 | Hillcrest Bank | $1.58B |
| Oct 22, 2010 | First Arizona Savings, a FSB | $255.9M |
| Oct 22, 2010 | First Suburban National Bank | $143.5M |
| Oct 22, 2010 | The First National Bank of Barnesville | $126.6M |
| Oct 22, 2010 | Progress Bank of Florida | $94.8M |
| Oct 22, 2010 | First Bank of Jacksonville | $73.9M |
| Oct 22, 2010 | The Gordon Bank | $29.3M |
| Oct 15, 2010 | Premier Bank | $989.4M |
| Oct 15, 2010 | Security Savings Bank, F.S.B. | $453.3M |
| Oct 15, 2010 | Westbridge Bank and Trust Company | $87.8M |
| Oct 1, 2010 | Wakulla Bank | $402.2M |
| Oct 1, 2010 | Shoreline Bank | $93.0M |
| Sep 24, 2010 | North County Bank | $288.8M |
| Sep 24, 2010 | Haven Trust Bank Florida | $148.6M |
| Sep 17, 2010 | The Peoples Bank | $447.2M |
| Sep 17, 2010 | Maritime Savings Bank | $350.5M |
| Sep 17, 2010 | First Commerce Community Bank | $248.2M |
| Sep 17, 2010 | The Bank of Ellijay | $168.8M |
| Sep 17, 2010 | Isn Bank | $81.6M |
| Sep 17, 2010 | Bramble Savings Bank | $47.5M |
| Sep 10, 2010 | Horizon Bank | $187.8M |
| Aug 20, 2010 | Shorebank | $2.17B |
| Aug 20, 2010 | Los Padres Bank | $866.5M |
| Aug 20, 2010 | Butte Community Bank | $498.8M |
| Aug 20, 2010 | Sonoma Valley Bank | $337.1M |
| Aug 20, 2010 | Pacific State Bank | $312.1M |
| Aug 20, 2010 | Independent National Bank | $156.2M |
| Aug 20, 2010 | Community National Bank at Bartow | $67.9M |
| Aug 20, 2010 | Imperial Savings and Loan Association | $9.4M |
| Aug 13, 2010 | Palos Bank and Trust Company | $493.4M |
| Aug 6, 2010 | Ravenswood Bank | $264.6M |
| Jul 30, 2010 | Libertybank | $714.6M |
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 |
|---|---|---|
| Jan 14, 2010 | Independent Bankers' Bank Bridge Bank, National Association | TIB, N.A. |
| Jan 13, 2010 | Oswego Hospital Federal Credit Union | Compass Federal Credit Union |
| Jan 8, 2010 | CountryBank USA | Scandia American Bank & Trust |
| Jan 7, 2010 | Oconee Credit Union | Pinnacle Credit Union |
| Jan 6, 2010 | Phillips County Self-Help Federal Credit Union | Telcoe Federal Credit Union |
| Jan 5, 2010 | Mt. Washington Co-operative Bank | East Boston Savings Bank |
| Jan 4, 2010 | Springfield Trust & Investment Company | Central Trust Company |
| Jan 1, 2010 | Stanley, Hunt, Dupree & Rhine, Inc. | Truist Bank |
| Jan 1, 2010 | First Live Oak Delaware Bancshares, Inc. | First Live Oak Bancshares, Inc. |
| Jan 1, 2010 | First Central Holdings, Inc. | FCT Bancshares, Inc. |
| Jan 1, 2010 | First Missouri Bancshares, Inc. | First Missouri Bancshares, Inc. |
| Jan 1, 2010 | Mountain High Community Federal Credit Union | America First Federal Credit Union |
| Jan 1, 2010 | Star Wealth Management | Star Financial Bank |
| Jan 1, 2010 | East Texas (Delaware) Holdings, Ltd. | East Texas Financial Corporation |
| Jan 1, 2010 | Jefferson Bancshares of Delaware, Inc. | Jefferson Bancshares, Inc. |
| Jan 1, 2010 | Banc One National Processing Corporation | JPMorgan Chase Bank, N.A. |
| Jan 1, 2010 | Kokua Federal Credit Union | Pearl Hawaii Federal Credit Union |
| Jan 1, 2010 | Florida Healthcare Credit Union | MY Healthcare Federal Credit Union |
| Jan 1, 2010 | Dickinson Educators Credit Union | Western Cooperative Credit Union |
| Jan 1, 2010 | Mid Michigan Family Credit Union | Copoco Community Credit Union |
| Jan 1, 2010 | Hillside Hospital Federal Credit Union | Northwell Health Federal Credit Union |
| Jan 1, 2010 | Community Choice Federal Credit Union | Financial Health Federal Credit Union |
| Jan 1, 2010 | City County Employees Federal Credit Union | Universal 1 Credit Union, Inc. |
| Jan 1, 2010 | Bank of Paxton | Pony Express Community Bank |
| Jan 1, 2010 | Yosemite Credit Union | Valley First Federal Credit Union |
| Jan 1, 2010 | Westworks Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Jan 1, 2010 | All Hans Credit Union | La Capitol Federal Credit Union |
| Jan 1, 2010 | Syracuse Federal Credit Union | The Summit Federal Credit Union |
| Jan 1, 2010 | Coastal Waters Federal Credit Union | Singing River Federal Credit Union |
| Jan 1, 2010 | Colorado United Credit Union | Premier Members Federal Credit Union |
| Jan 1, 2010 | Choice Federal Credit Union | Self-Help Credit Union |
| Jan 1, 2010 | Hinds Community College Credit Union | Mutual Federal Credit Union |
| Jan 1, 2010 | El Futuro Credit Union | Self-Help Federal Credit Union |
| Jan 1, 2010 | Salt Lake County Employees Credit Union | Mountain America Federal Credit Union |
| Jan 1, 2010 | East Bridgewater Savings Bank | Bluestone Bank |
| Jan 1, 2010 | Norco Credit Union | Ashland Credit Union |
| Jan 1, 2010 | America's Pride Federal Credit Union | United Consumers Credit Union |
| Jan 1, 2010 | Southeastern Wisconsin Catholic Credit Union | Educators Credit Union |
| Jan 1, 2010 | Webster Groves Municipal Employees Credit Union | Arsenal Credit Union |
| Jan 1, 2010 | Pinekraft Federal Credit Union | Pelican Credit Union |
| Jan 1, 2010 | New Castle Postal Employees Credit Union | First Choice Federal Credit Union |
| Jan 1, 2010 | West Virginia Arng Technicians Federal Credit Union | West Virginia National Guard Federal Credit Union |
| Jan 1, 2010 | Lij Employees Federal Credit Union | Northwell Health Federal Credit Union |
| Jan 1, 2010 | Tapke Asset Management LLC | The Bank of Kentucky, Inc. |
| Jan 1, 2010 | Nuestro Banco | Four Oaks Bank & Trust Company |
| Jan 1, 2010 | First United Bank Mortgage Company | First United Bank and Trust Company |
| Jan 1, 2010 | MVB Harrison Inc. | MVB Central, Inc. |
| Jan 1, 2010 | Texas Financial of Delaware, Inc. | Texas Bancshares Inc |
| Jan 1, 2010 | Hancock Bank of Florida | Hancock Whitney Bank |
| Jan 1, 2010 | Collinsville Savings Mutual Holding Company | Connecticut Mutual Holding Company |
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 |