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 |
|---|---|---|
| Dec 4, 2010 | The Christiana Bank and Trust Company | Wilmington Savings Fund Society, FSB |
| Dec 4, 2010 | Co-Op Employee Credit Union | Ascend Federal Credit Union |
| Dec 4, 2010 | Exchange Bank of Fairfax | Farmers State Bank |
| Dec 4, 2010 | The Bank of Currituck | TowneBank |
| Dec 1, 2010 | Members United Federal Credit Union | Purdue Federal Credit Union |
| Dec 1, 2010 | LSB Corporation | People's United Financial, Inc. |
| Dec 1, 2010 | Central Jersey Bancorp | Kearny Financial Corp. |
| Dec 1, 2010 | Central Jersey Bank, National Association | Kearny Bank |
| Dec 1, 2010 | Independent Mortgage Company | Independent Bank |
| Dec 1, 2010 | Dryades Savings Bank, F.S.B. | First NBC Bank |
| Dec 1, 2010 | Smithtown Bancorp, Inc. | People's United Financial, Inc. |
| Dec 1, 2010 | RiverBank | People's United Bank, National Association |
| Dec 1, 2010 | Elcome Federal Credit Union | Chiphone Federal Credit Union |
| Dec 1, 2010 | Mcas Beaufort Federal Credit Union | CPM Federal Credit Union |
| Dec 1, 2010 | Beaver County Post Office Employees Federal Credit Union | Freedom United Federal Credit Union |
| Dec 1, 2010 | Tripler Federal Credit Union | Pentagon Federal Credit Union |
| Dec 1, 2010 | Usp Marion Employees Federal Credit Union | Siu Credit Union |
| Dec 1, 2010 | Bank of Smithtown | People's United Bank, National Association |
| Dec 1, 2010 | Champaign County Employees Credit Union | University of Illinois Community Credit Union |
| Dec 1, 2010 | Civic Arts Plaza Federal Credit Union | Oceanair Federal Credit Union |
| Dec 1, 2010 | Georgia Peach Credit Union | The Southern Credit Union |
| Dec 1, 2010 | Synergy Eastex Federal Credit Union | East Texas Professional Credit Union |
| Dec 1, 2010 | American National Bank of Fremont | Pinnacle Bank |
| Dec 1, 2010 | Bath Catholic Federal Credit Union | People First Federal Credit Union |
| Nov 30, 2010 | Bankers Bank Card Services, Inc. | TIB, N.A. |
| Nov 30, 2010 | Avon Avenue Baptist Church Credit Union | Faith Community United Credit Union Inc. |
| Nov 30, 2010 | UBS Am Holdings (USA) Inc. | UBS Americas Inc. |
| Nov 24, 2010 | Electrical Products Employees Federal Credit Union | Bowater Employees Credit Union |
| Nov 17, 2010 | Lafollette First National Corporation | Community Trust Bancorp, Inc. |
| Nov 17, 2010 | Atlantic Bancgroup, Inc. | Jacksonville Bancorp, Inc. |
| Nov 17, 2010 | Oceanside Bank | The Jacksonville Bank |
| Nov 11, 2010 | Union Bank of Chandler | BancFirst |
| Nov 6, 2010 | Wells Fargo Retail Finance, LLC | Wells Fargo Bank, N.A. |
| Nov 3, 2010 | TD Oriskany Investments, LLC | TD Bank US Holding Company |
| Nov 1, 2010 | Word of Life Federal Credit Union | Aloha Pacific Federal Credit Union |
| Nov 1, 2010 | Prism Financial Corporation | RBC USA Holdco Corporation |
| Nov 1, 2010 | Sam Houston Financial Corp. | First Financial Bankshares of Delaware, Inc. |
| Nov 1, 2010 | RBC Capital Markets Holdings (USA) Inc. | RBC USA Holdco Corporation |
| Nov 1, 2010 | RBC Bancorporation (USA) | RBC USA Holdco Corporation |
| Nov 1, 2010 | Lake Worth City Employees Credit Union | Velocity Community Credit Union |
| Nov 1, 2010 | RBC Holdings (USA) Inc. | RBC USA Holdco Corporation |
| Nov 1, 2010 | Palo Alto Community Federal Credit Union | Monterra Credit Union |
| Nov 1, 2010 | Maple Heights School Employees Credit Union, Inc. | Emerald Credit Union, Inc. |
| Nov 1, 2010 | Capital Federal Credit Union | 167th TFR Federal Credit Union |
| Nov 1, 2010 | East Side Terminal Credit Union | Processors - Industrial Community Credit Union |
| Nov 1, 2010 | Big Valley Credit Union | American United Federal Credit Union |
| Nov 1, 2010 | Base Federal Credit Union | Chiphone Federal Credit Union |
| Nov 1, 2010 | Dixie Cup Employees Fcu | First Commonwealth Federal Credit Union |
| Nov 1, 2010 | Grant County Community Federal Credit Union | Via Credit Union |
| Nov 1, 2010 | Georgia State University Federal Credit Union | Georgia's Own 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 |