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 |
|---|---|---|
| Jul 30, 2010 | The Cowlitz Bank | $489.0M |
| Jul 30, 2010 | Coastal Community Bank | $377.5M |
| Jul 30, 2010 | Northwest Bank & Trust | $160.8M |
| Jul 30, 2010 | Bayside Savings Bank | $64.3M |
| Jul 23, 2010 | Crescent Bank and Trust Company | $970.2M |
| Jul 23, 2010 | Sterling Bank | $355.0M |
| Jul 23, 2010 | Home Valley Bank | $250.5M |
| Jul 23, 2010 | Southwestusa Bank | $203.7M |
| Jul 23, 2010 | Williamsburg First National Bank | $130.4M |
| Jul 23, 2010 | Community Security Bank | $100.6M |
| Jul 23, 2010 | Thunder Bank | $28.2M |
| Jul 16, 2010 | First National Bank of the South | $619.4M |
| Jul 16, 2010 | Metro Bank of Dade County | $399.4M |
| Jul 16, 2010 | Woodlands Bank | $382.8M |
| Jul 16, 2010 | Turnberry Bank | $240.3M |
| Jul 16, 2010 | Olde Cypress Community Bank | $161.4M |
| Jul 16, 2010 | MainStreet Savings Bank, FSB | $96.6M |
| Jul 9, 2010 | Home National Bank | $585.4M |
| Jul 9, 2010 | Bay National Bank | $217.7M |
| Jul 9, 2010 | USA Bank | $190.7M |
| Jul 9, 2010 | Ideal Federal Savings Bank | $6.2M |
| Jun 25, 2010 | Peninsula Bank | $630.2M |
| Jun 25, 2010 | First National Bank | $252.5M |
| Jun 25, 2010 | High Desert State Bank | $80.3M |
| Jun 18, 2010 | Nevada Security Bank | $492.5M |
| Jun 11, 2010 | Washington First International Bank | $520.9M |
| Jun 4, 2010 | Tierone Bank | $2.82B |
| Jun 4, 2010 | First National Bank | $60.4M |
| Jun 4, 2010 | Arcola Homestead Savings Bank | $17.0M |
| May 28, 2010 | Bank of Florida - Southwest | $640.9M |
| May 28, 2010 | Bank of Florida - Southeast | $595.3M |
| May 28, 2010 | Sun West Bank | $360.7M |
| May 28, 2010 | Bank of Florida - Tampa Bay | $240.5M |
| May 28, 2010 | Granite Community Bank, N.A. | $102.9M |
| May 21, 2010 | Pinehurst Bank | $61.2M |
| May 14, 2010 | Midwest Bank and Trust Company | $3.17B |
| May 14, 2010 | Satilla Community Bank | $135.7M |
| May 14, 2010 | New Liberty Bank | $111.2M |
| May 14, 2010 | Southwest Community Bank | $100.7M |
| May 7, 2010 | 1st Pacific Bank of California | $335.8M |
| May 7, 2010 | The Bank of Bonifay | $242.9M |
| May 7, 2010 | Towne Bank of Arizona | $120.2M |
| May 7, 2010 | Access Bank | $32.0M |
| Apr 30, 2010 | Westernbank Puerto Rico | $10.80B |
| Apr 30, 2010 | R-G Premier Bank of Puerto Rico | $5.68B |
| Apr 30, 2010 | Frontier Bank | $3.25B |
| Apr 30, 2010 | Eurobank | $2.45B |
| Apr 30, 2010 | CF Bancorp | $1.60B |
| Apr 30, 2010 | Champion Bank | $195.5M |
| Apr 30, 2010 | BC National Banks | $52.2M |
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 |
|---|---|---|
| Sep 1, 2010 | Prairie Trail Credit Union | Abri Credit Union |
| Sep 1, 2010 | First State Bank | Citizens & Northern Bank |
| Sep 1, 2010 | U.S. Benefits, Inc. | Arrow Bank N.A. |
| Sep 1, 2010 | Table Rock Federal Credit Union | Service 1 Federal Credit Union |
| Sep 1, 2010 | Community State Bancshares, Inc. | Allcorp Inc |
| Sep 1, 2010 | Hum Federal Credit Union | Democracy Federal Credit Union |
| Sep 1, 2010 | Otsego Paperworkers Credit Union | Honor Credit Union dba Honor Investment Services |
| Sep 1, 2010 | 1st Northwest Federal Credit Union | First Northern Credit Union |
| Sep 1, 2010 | City-County Federal Credit Union | Wings Financial Credit Union |
| Aug 31, 2010 | Isb Delaware Holdings, Inc. | Isb Holdings, Inc. |
| Aug 31, 2010 | First State Federal Credit Union | American Spirit Federal Credit Union |
| Aug 30, 2010 | MC Bancshares of Delaware, Inc. | Metrocorp Bancshares, Inc. |
| Aug 26, 2010 | Central Bancshares, Inc. | Central Bancorp, Inc. |
| Aug 21, 2010 | Wells Fargo Education Finance Inc. | Wells Fargo Bank, N.A. |
| Aug 20, 2010 | Community Trust Bank of Texas | Origin Bank |
| Aug 14, 2010 | TSB Financial, Inc. | Hometown Community Bancorp, Inc. |
| Aug 14, 2010 | Tremont Savings Bank | Morton Community Bank |
| Aug 13, 2010 | Home State Bank | Bank of Commerce |
| Aug 9, 2010 | Transatlantic Bank | Sabadell United Bank, National Association |
| Aug 3, 2010 | Golf Savings Bank | Sterling Savings Bank |
| Aug 2, 2010 | Best of Iowa Community Credit Union | Greenstate Credit Union |
| Aug 1, 2010 | Renton Community Credit Union | Peak Credit Union |
| Aug 1, 2010 | Highgrove Community Federal Credit Union | Wings Financial Credit Union |
| Aug 1, 2010 | V-R Employees Credit Association Federal Credit Union | Bragg Mutual Federal Credit Union |
| Aug 1, 2010 | Postal Credit Union of Northern California | F3 Credit Union |
| Aug 1, 2010 | Holy Infant Credit Union | Gateway Metro Federal Credit Union |
| Aug 1, 2010 | Porter-Cable Employees Credit Union | Leaders Credit Union |
| Aug 1, 2010 | Dekalb Financial Credit Union | Beacon Credit Union |
| Aug 1, 2010 | A-K Valley Federal Credit Union | Clearview Federal Credit Union |
| Jul 31, 2010 | Sunrise Bank of Atlanta | Sunrise Bank |
| Jul 31, 2010 | Drexel & Morgan & Co. Ia | Drexel Morgan & Co. |
| Jul 31, 2010 | Town Center Bank | Independent Bank |
| Jul 31, 2010 | Dings Employees Credit Union | Summit Credit Union |
| Jul 31, 2010 | Central Ohio Teamsters Credit Union, Inc. | Ohio Teamsters Credit Union, Inc. |
| Jul 31, 2010 | Peoples State Bank | Sunrise Bank |
| Jul 31, 2010 | F C Holdings of Delaware, Inc. | F C Holdings, Inc. |
| Jul 24, 2010 | Byron Bank | Chemical Bank |
| Jul 24, 2010 | Bank of Dwight | Bank of Pontiac |
| Jul 21, 2010 | Hanchett Employees Credit Union | Wmcu |
| Jul 17, 2010 | Sterling Banks Inc | Roma Financial Corporation |
| Jul 17, 2010 | Sterling Bank | Roma Bank |
| Jul 17, 2010 | The Hoisington National Bank | Wilson State Bank |
| Jul 16, 2010 | Fairfield University Employees Federal Credit Union | America's First Network Credit Union |
| Jul 15, 2010 | Calibre Advisory Services, Inc. | Wells Fargo Bank, N.A. |
| Jul 7, 2010 | Pamrapo Bancorp, Inc. | BCB Bancorp, Inc. |
| Jul 7, 2010 | Pamrapo Savings Bank, SLA | BCB Community Bank |
| Jul 6, 2010 | Bank of Willits | Savings Bank of Mendocino County |
| Jul 2, 2010 | Columbus-Lowndes Educational Federal Credit Union | Triangle Federal Credit Union |
| Jul 1, 2010 | Trust One Bank | Synovus Bank |
| Jul 1, 2010 | Newcomer Employees Federal Credit Union | Derry Area Federal Credit Union |
The list holds 500 of the 502 mergers recorded for 2010.
Enforcement Actions in 2010
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Jun 10, 2010 Released Jun 15, 2010 | FRB | Pierce Commercial Bank | Prompt Corrective Action: Pierce Commercial Bank, Tacoma, Washington |
| Jun 9, 2010 Released Jun 17, 2010 | FRB | (individual) | Written Agreement: Hampton Roads Bankshares, Inc., Norfolk, Virginia; Bank of Hampton Roads, Norfolk, Virginia |
| Jun 9, 2010 | OCC | The Central National Bank of Alva | Formal Agreement: The Central National Bank of Alva |
| Jun 8, 2010 | OCC | Southern First Bank | Formal Agreement: Southern First Bank, National Association |
| Jun 7, 2010 Released Jun 22, 2010 | FRB | First Capital West Bankshares, Inc. | Written Agreement: First Capital West Bankshares, Inc., Laramie, Wyoming |
| Jun 4, 2010 Released Jun 9, 2010 | FRB | Premierwest Bancorp | Written Agreement: PremierWest Bancorp, Medford, Oregon |
| Jun 3, 2010 | OCC_OTS | Tierone Bank | Cease and Desist: TierOne Bank |
| Jun 3, 2010 Released Oct 5, 2017 | FRB | (individual) | Written Agreement: First Bancorp, San Juan, Puerto Rico |
| Jun 3, 2010 Released Jun 7, 2010 | FRB | (individual) | Prohibition from Banking: Gregory L. Fankhauser |
| Jun 3, 2010 | OCC_OTS | Imperial Savings and Loan Association | Prompt Corrective Action: Imperial Savings and Loan Association |
| Jun 3, 2010 | OCC_OTS | Tierone Corporation | Cease and Desist: TierOne Corporation |
| Jun 2, 2010 Released Jun 9, 2010 | FRB | Southwestusa Corporation | Written Agreement: SouthwestUSA Corporation, Las Vegas, Nevada |
| Jun 2, 2010 Released Jun 10, 2010 | FRB | Patriot National Bancorp, Inc. | Written Agreement: Patriot National Bancorp, Inc., Stamford, Connecticut |
| Jun 2, 2010 Released Jun 16, 2010 | FRB | (individual) | Written Agreement: Mid State Banks, Inc., Hawkinsville, Georgia |
| Jun 2, 2010 Released Jun 7, 2010 | FRB | Cowlitz Bancorporation | Written Agreement: Cowlitz Bancorporation, Longview, Washington |
| Jun 2, 2010 | OCC_OTS | Home Savings of America | Cease and Desist: Home Savings of America |
| Jun 2, 2010 | OCC_OTS | Home Savings Bancorp | Cease and Desist: Home Savings Bancorp |
| Jun 2, 2010 | OCC | The American National Bank of Texas | Formal Agreement: American Bank of Texas, National Association |
| Jun 2, 2010 Released Jun 10, 2010 | FRB | Village Bancorp | Written Agreement: Village Bancorp, St. George, Utah |
| Jun 1, 2010 | OCC | First Integrity Bank, N.A. | Prohibition/Removal Orders: Ellis, Allen R. |
| Jun 1, 2010 Released Jun 16, 2010 | FRB | Patterson Bankshares, Inc. | Written Agreement: Patterson Bankshares, Inc., Patterson, Georgia |
| Jun 1, 2010 Released Jun 17, 2010 | FRB | Beach Community Bancshares, Inc. | Written Agreement: Beach Community Bancshares, Inc., Fort Walton Beach, Florida |
| Jun 1, 2010 | OCC_OTS | Geddes Federal Savings and Loan Association | Cease and Desist: Geddes Federal Savings & Loan Association |
| Jun 1, 2010 Released Jun 24, 2010 | FRB | (individual) | Written Agreement: Mission Oakes Bancorp, Temecula, California |
| May 28, 2010 Released Jun 8, 2010 | FRB | Citizens Commerce Bancshares, Inc. | Written Agreement: Citizens Commerce Bancshares, Inc., Versailles, Kentucky |
| May 28, 2010 | OCC | The National Bank of Malvern | Civil Money Penalty (CMP): Aller, Jamie Bartholomew |
| May 28, 2010 | OCC | The National Bank of Malvern | Civil Money Penalty (CMP): Bartholomew, Andrew |
| May 28, 2010 | OCC | The National Bank of Malvern | Civil Money Penalty (CMP): Bartholomew, Lydia Willits |
| May 28, 2010 | OCC | The National Bank of Malvern | Civil Money Penalty (CMP): Shipp, Barbara |
| May 28, 2010 | OCC | The National Bank of Malvern | Civil Money Penalty (CMP): Shipp, John |
| May 28, 2010 | OCC | The National Bank of Malvern | Civil Money Penalty (CMP): Shipp, William L. |
| May 28, 2010 | OCC | The National Bank of Malvern | Civil Money Penalty (CMP): Willits, Lydia H. |
| May 28, 2010 | OCC_OTS | Security Federal Bancorp, Inc. | Cease and Desist: Barbara Friedman |
| May 27, 2010 | OCC | Brazos Valley Bancshares, Inc. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Brazos Valley Bank, National Association |
| May 27, 2010 | FRB | Regions Bank | Section 19 Letters: Susan Bradley |
| May 27, 2010 | FRB | (individual) | Prompt Corrective Action: Horizon Bank, Bradenton, Florida |
| May 27, 2010 Released Jun 7, 2010 | FRB | (individual) | Written Agreement: Border Bancshares, Inc., Greenbush, Minnesota |
| May 27, 2010 | OCC | First National Bank of Kansas | Formal Agreement: First National Bank of Kansas |
| May 26, 2010 | OCC | Community National Bank at Bartow | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Community National Bank at Bartow |
| May 25, 2010 Released Jun 14, 2010 | FRB | Castle Rock Bank | Written Agreement: Castle Rock Bank, Castle Rock, Colorado |
| May 25, 2010 Released Jun 3, 2010 | FRB | Thread Bancorp Inc. | Written Agreement: Thread Bancorp, Inc., Rogersville, Tennessee (formerly known as Volunteer Bancorp, Inc.) |
| May 25, 2010 Released Jun 3, 2010 | FRB | CB Financial Corporation | Written Agreement: CB Financial Corporation, Wilson, North Carolina |
| May 25, 2010 | FRB | RBC Centura Bank | Section 19 Letters: Dana Aline Dy Williams |
| May 24, 2010 | OCC_OTS | Century Savings Bank | Termination of Supervisory Agreement: Century Bank |
| May 24, 2010 | OCC_OTS | Century Savings Bank | Cease and Desist: Century Bank |
| May 24, 2010 Released Jun 1, 2010 | FRB | Northeast Securities Corporation | Written Agreement: Northeast Securities Corporation, Minneapolis, Minnesota |
| May 24, 2010 Released Jun 2, 2010 | FRB | First Baldwin Bancshares, Inc. | Written Agreement: First Baldwin Bancshares, Inc., Foley, Alabama |
| May 24, 2010 Released May 27, 2010 | FRB | (individual) | Written Agreement: FirsTier Bancorp, Broomfield, Colorado |
| May 21, 2010 Released Jun 7, 2010 | FRB | (individual) | Written Agreement: First Bankshares, Inc., Winter Park, Florida |
| May 21, 2010 Released Jun 2, 2010 | FRB | Bartow Bancshares, Inc. | Written Agreement: Bartow Bancshares, Inc., Cartersville, Georgia |