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 |
|---|---|---|
| Apr 23, 2010 | AMCORE Bank, N.A. | $3.07B |
| Apr 23, 2010 | Broadway Bank | $1.06B |
| Apr 23, 2010 | New Century Bank | $447.2M |
| Apr 23, 2010 | Wheatland Bank | $441.7M |
| Apr 23, 2010 | Lincoln Park Savings Bank | $194.6M |
| Apr 23, 2010 | Peotone Bank and Trust Company | $130.2M |
| Apr 23, 2010 | Citizens Bank & Trust Company of Chicago | $73.5M |
| Apr 16, 2010 | Riverside National Bank of Florida | $3.39B |
| Apr 16, 2010 | City Bank | $981.9M |
| Apr 16, 2010 | Tamalpais Bank | $611.5M |
| Apr 16, 2010 | First Federal Bank of North Florida | $440.1M |
| Apr 16, 2010 | Innovative Bank | $266.8M |
| Apr 16, 2010 | Butler Bank | $245.5M |
| Apr 16, 2010 | Americanfirst Bank | $104.0M |
| Apr 16, 2010 | Lakeside Community Bank | $49.2M |
| Apr 9, 2010 | Beach First National Bank | $590.0M |
| Mar 26, 2010 | Desert Hills Bank | $496.6M |
| Mar 26, 2010 | McIntosh Commercial Bank | $363.4M |
| Mar 26, 2010 | Unity National Bank | $300.6M |
| Mar 26, 2010 | Key West Bank | $88.0M |
| Mar 19, 2010 | Advanta Bank Corp. | $1.53B |
| Mar 19, 2010 | Appalachian Community Bank | $1.01B |
| Mar 19, 2010 | Bank of Hiawassee | $377.8M |
| Mar 19, 2010 | First Lowndes Bank | $137.2M |
| Mar 19, 2010 | Century Security Bank | $96.5M |
| Mar 19, 2010 | American National Bank | $70.3M |
| Mar 19, 2010 | State Bank of Aurora | $28.2M |
| Mar 12, 2010 | The Park Avenue Bank | $520.1M |
| Mar 12, 2010 | Old Southern Bank | $336.4M |
| Mar 12, 2010 | Statewide Bank | $243.2M |
| Mar 11, 2010 | Libertypointe Bank | $216.5M |
| Mar 5, 2010 | Sun American Bank | $535.7M |
| Mar 5, 2010 | Centennial Bank | $212.8M |
| Mar 5, 2010 | Bank of Illinois | $211.7M |
| Mar 5, 2010 | Waterfield Bank | $155.6M |
| Feb 26, 2010 | Rainier Pacific Bank | $717.8M |
| Feb 26, 2010 | Carson River Community Bank | $51.1M |
| Feb 19, 2010 | La Jolla Bank, FSB | $3.65B |
| Feb 19, 2010 | George Washington Savings Bank | $413.7M |
| Feb 19, 2010 | Marco Community Bank | $119.6M |
| Feb 19, 2010 | The La Coste National Bank | $53.9M |
| Feb 5, 2010 | 1st American State Bank of Minnesota | $18.2M |
| Jan 29, 2010 | First Regional Bank | $2.08B |
| Jan 29, 2010 | Community Bank & Trust | $1.18B |
| Jan 29, 2010 | First National Bank of Georgia | $840.6M |
| Jan 29, 2010 | Florida Community Bank | $835.7M |
| Jan 29, 2010 | American Marine Bank | $329.2M |
| Jan 29, 2010 | Marshall Bank, N.A. | $58.6M |
| Jan 22, 2010 | Charter Bank | $1.20B |
| Jan 22, 2010 | Columbia River Bank | $955.1M |
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 |
|---|---|---|
| May 1, 2010 | The Farmers Bank | First State Bank Nebraska |
| May 1, 2010 | Alton Route Employees Credit Union | Prairieland Federal Credit Union |
| May 1, 2010 | A. L. Bratcher Federal Credit Union | Eco Credit Union |
| May 1, 2010 | Liberty Alliance Federal Credit Union | Members Heritage Credit Union Inc |
| May 1, 2010 | De Witt State Bank | First State Bank Nebraska |
| May 1, 2010 | Federal and State Inspectors Federal Credit Union | Members United Credit Union |
| May 1, 2010 | Saginaw Veterans Administration Hospital Federal Credit Union | Generations Family Federal Credit Union |
| May 1, 2010 | Lake County Schools Credit Union | Mountain River Credit Union |
| Apr 30, 2010 | P. R. K. Employees Federal Credit Union | Chrome Federal Credit Union |
| Apr 30, 2010 | American Bancshares, Inc. | Ida Grove Bancshares, Inc. |
| Apr 26, 2010 | The First National Bank of Akron | The Security National Bank of Sioux City, Iowa |
| Apr 24, 2010 | Central Bank | Iroquois Farmers State Bank |
| Apr 24, 2010 | F&M Bank-Iowa Central | Great Western Bank |
| Apr 17, 2010 | Iowa Bank | Fidelity Bank & Trust |
| Apr 17, 2010 | NBT-Nevada, Inc. | Horizon Bankshares, Inc. |
| Apr 10, 2010 | Community Bank Plymouth | KleinBank |
| Apr 10, 2010 | Harleysville National Corporation | First Niagara Financial Group, Inc. |
| Apr 10, 2010 | The Harleysville National Bank and Trust Company | First Niagara Bank, N.A. |
| Apr 10, 2010 | Wachovia Card Services, N.A. | Wells Fargo Bank, N.A. |
| Apr 10, 2010 | First Niagara Commercial Bank | First Niagara Bank, N.A. |
| Apr 8, 2010 | Harvard Savings, MHC | Harvard Savings Bank |
| Apr 8, 2010 | The First National Bank of Litchfield | Union Savings Bank |
| Apr 8, 2010 | Harvard Illinois Financial Corp. | Harvard Savings Bank |
| Apr 2, 2010 | Saint Boniface Parish Federal Credit Union | Connex Credit Union, Inc |
| Apr 2, 2010 | Timewell State Bank | Farmers State Bank & Trust Co. |
| Apr 1, 2010 | Ifa Employees Federal Credit Union | Mountain America Federal Credit Union |
| Apr 1, 2010 | Acs Securities Corp. | Johnson Financial Group, Inc. |
| Apr 1, 2010 | United Bank & Trust-Washtenaw | United Bank & Trust |
| Apr 1, 2010 | Allegiance Community Bank | Archer Bank |
| Apr 1, 2010 | American Bank, National Association | American Nation Bank |
| Apr 1, 2010 | Jones Dairy Farm Employees Credit Union | Fort Community Credit Union |
| Apr 1, 2010 | Education First Credit Union | Advia Credit Union |
| Apr 1, 2010 | School Employees Federal Credit Union | Vacationland Federal Credit Union |
| Apr 1, 2010 | Nuunion Credit Union | Lake Trust Credit Union |
| Apr 1, 2010 | Harvard State Bank | Cornerstone Bank |
| Apr 1, 2010 | First Edition Community Credit Union | Vantage West Credit Union |
| Apr 1, 2010 | Select Community Federal Credit Union | First Trust Credit Union |
| Apr 1, 2010 | The Times-Picayune Employees Federal Credit Union | New Orleans Firemens Federal Credit Union |
| Apr 1, 2010 | Farmers Union Federal Credit Union | Premier Members Federal Credit Union |
| Apr 1, 2010 | Bell Financial Community Credit Union | Illiana Financial Credit Union |
| Mar 31, 2010 | Bank of Auburn Hills | Talmer West Bank |
| Mar 31, 2010 | Paragon Bank & Trust | Talmer West Bank |
| Mar 31, 2010 | Bradford Onized Fcu | Bradford Area Federal Credit Union |
| Mar 30, 2010 | Infibank, N.A. | First National Bank of Omaha |
| Mar 27, 2010 | Specialty Federal Credit Union | Fort Financial Federal Credit Union |
| Mar 26, 2010 | First Sonora Delaware Bancshares, Inc. | First Sonora Bancshares, Inc. |
| Mar 26, 2010 | Madison County Bank | Origin Bank |
| Mar 26, 2010 | First Choice Community Bank 1874 | First Choice Community Bank |
| Mar 24, 2010 | Sunrise Bank Of San Diego | Sunrise Bank |
| Mar 24, 2010 | Sunrise Community Bank | Sunrise Bank |
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 |