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 |
|---|---|---|
| Nov 1, 2010 | The PrivateBank, N.A. | CIBC Bank USA |
| Nov 1, 2010 | Wells Fargo Alaska Trust Company, N.A. | Wells Fargo Bank, N.A. |
| Oct 31, 2010 | Saint Jude Fairview Medical Center Federal Credit Union | Max Credit Union |
| Oct 30, 2010 | Hi-Tec Credit Union | Community 1st Credit Union |
| Oct 29, 2010 | United Fellowship Federal Credit Union | Family Savings Credit Union |
| Oct 23, 2010 | Corridor State Bank | Central State Bank |
| Oct 20, 2010 | Financial Trax Federal Credit Union | U S #1364 Federal Credit Union |
| Oct 18, 2010 | Curtis Bancorporation, Inc. | Western Bancshares, Inc. |
| Oct 16, 2010 | FirstBank of Arvada | FirstBank |
| Oct 16, 2010 | Millennium Bcpbank, N.A. | BCP Holdings (USA), Inc. |
| Oct 16, 2010 | FirstBank of El Paso County | FirstBank |
| Oct 16, 2010 | FirstBank of Adams County | FirstBank |
| Oct 16, 2010 | FirstBank of Parker | FirstBank |
| Oct 16, 2010 | FirstBank of Evergreen | FirstBank |
| Oct 16, 2010 | FirstBank of Colorado Springs | FirstBank |
| Oct 16, 2010 | FirstBank of Northern Colorado | FirstBank |
| Oct 16, 2010 | Citizens National Bancorp, Inc. | Central Bancompany, Inc |
| Oct 16, 2010 | Citizens National Bank of Springfield | Central Bank of The Ozarks |
| Oct 16, 2010 | FirstBank of Arapahoe County | FirstBank |
| Oct 16, 2010 | FirstBank of Denver | FirstBank |
| Oct 16, 2010 | FirstBank | FirstBank |
| Oct 16, 2010 | Citizens National Bank | Citizens State Bank |
| Oct 16, 2010 | FirstBank of Avon | FirstBank |
| Oct 16, 2010 | FirstBank of Aurora | FirstBank |
| Oct 16, 2010 | FirstBank of Douglas County | FirstBank |
| Oct 16, 2010 | FirstBank of Cherry Creek | FirstBank |
| Oct 16, 2010 | FirstBank of Boulder | FirstBank |
| Oct 16, 2010 | FirstBank North | FirstBank |
| Oct 16, 2010 | FirstBank of Summit County | FirstBank |
| Oct 16, 2010 | FirstBank of Longmont | FirstBank |
| Oct 16, 2010 | FirstBank of South Jeffco | FirstBank |
| Oct 16, 2010 | FirstBank of Littleton | FirstBank |
| Oct 16, 2010 | FirstBank of Lakewood | FirstBank |
| Oct 16, 2010 | FirstBank of Tech Center | FirstBank |
| Oct 16, 2010 | FirstBank of Wheat Ridge | FirstBank |
| Oct 16, 2010 | FirstBank of Vail | FirstBank |
| Oct 16, 2010 | The First National Bank of Le Roy | The Citizens State Bank |
| Oct 12, 2010 | Northern Neck State Bank | Atlantic Union Bank |
| Oct 12, 2010 | The Rappahannock National Bank of Washington | Atlantic Union Bank |
| Oct 9, 2010 | Main Line Health Employees Federal Credit Union | Franklin Mint Federal Credit Union |
| Oct 9, 2010 | Frankston Bancorp, Inc. | Austin Bancorp, Inc. |
| Oct 9, 2010 | FDB, Inc. | Teb, Inc. |
| Oct 9, 2010 | The Coldwater Native Bank | The Bank of Protection |
| Oct 9, 2010 | First State Bank | Austin Bank, Texas N.A. |
| Oct 8, 2010 | Union National Bancshares, Inc. | BancFirst Corporation |
| Oct 8, 2010 | Transportation Northwest Credit Union | Global Federal Credit Union |
| Oct 6, 2010 | Standard Mutual Holding Company | Standard Avb Financial Corp. |
| Oct 2, 2010 | Alliance of Maine Federal Credit Union | Trademark Federal Credit Union |
| Oct 2, 2010 | Farmers State Bank | Heartland Bank |
| Oct 1, 2010 | Cherryville Federal Savings and Loan Association | HomeTrust Bank |
The list holds 500 of the 502 mergers recorded for 2010.
Enforcement Actions in 2010
| Action date | Agency | Institution | Action |
|---|---|---|---|
| May 20, 2010 Released May 24, 2010 | FRB | (individual) | Prohibition from Banking: Walter Simon |
| May 20, 2010 | OCC | First East Side Savings Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First East Side Savings Bank |
| May 20, 2010 | OCC_OTS | East Side Financial, Inc. | Cease and Desist: East Side Financial, Inc. |
| May 20, 2010 | OCC_OTS | First East Side Savings Bank | Cease and Desist: First East Side Savings Bank |
| May 20, 2010 | FRB | (individual) | Prohibition from Banking: Jason Maguire |
| May 20, 2010 | FRB | First Alabama Bank of Birmingham | Section 19 Letters: Heather Acton |
| May 20, 2010 Released Jun 8, 2010 | FRB | Big Sandy Holding Company | Written Agreement: Big Sandy Holding Company, Limon, Colorado |
| May 19, 2010 | OCC | Cadence Holdings, Inc. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Cadence Bank, National Association |
| May 19, 2010 Released May 25, 2010 | FRB | (individual) | Written Agreement: Farmers Bank, Ault, Colorado |
| May 19, 2010 | OCC_OTS | Southfirst Bancshares, Inc. | Cease and Desist: Frank H. Chapman, II |
| May 19, 2010 | OCC_OTS | Southfirst Bancshares, Inc. | Civil Money Penalty: Frank H. Chapman, II |
| May 19, 2010 | OCC | Southwestern National Bank | Formal Agreement: Southwestern National Bank |
| May 19, 2010 | OCC | Security Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Security Bank National Association |
| May 18, 2010 Released Jun 1, 2010 | FRB | Union National Bank of Arkansas Little Rock | Written Agreement: Bank of Little Rock, Little Rock, Arkansas |
| May 17, 2010 | OCC | The First National Bank of Logan | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Lapke, Timothy J. |
| May 17, 2010 | OCC | The First National Bank of Logan | Civil Money Penalty (CMP): Hartwig, Christopher R. |
| May 17, 2010 | OCC | The First National Bank of Logan | Civil Money Penalty (CMP): Lapke, John |
| May 17, 2010 | OCC | The First National Bank of Logan | Civil Money Penalty (CMP): Lapke, Timothy J. |
| May 17, 2010 | OCC | The First National Bank of Logan | Prohibition/Removal Orders: Lapke, John |
| May 17, 2010 | FRB | Dacotah Bank | Section 19 Letters: Patrick Dalzell |
| May 17, 2010 Released May 20, 2010 | FRB | Albina Community Bancorp | Written Agreement: Albina Community Bancorp, Portland, Oregon |
| May 15, 2010 | FRB | RBC Centura Bank | Section 19 Letters: Anita Fincher |
| May 14, 2010 | OCC_OTS | New Buffalo Savings Bank | Termination of Cease and Desist: New Buffalo Savings Bank, a FSB |
| May 13, 2010 Released May 17, 2010 | FRB | (individual) | Prohibition from Banking: Antonio Garcia-Adanez |
| May 13, 2010 | OCC | California International Bank, N.A. | Formal Agreement: Saigon National Bank |
| May 12, 2010 | OCC | Mission Oaks Bancorp | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Mission Oaks National Bank |
| May 12, 2010 | OCC | Cornerstone Bancorp | Formal Agreement: Cornerstone National Bank |
| May 12, 2010 | OCC | First National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank |
| May 12, 2010 Released May 20, 2010 | FRB | (individual) | Written Agreement: FirsTier II Bancorp, Cheyenne, Wyoming |
| May 11, 2010 | OCC | Bank Midwest, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bank Midwest, National Association |
| May 11, 2010 | OCC | Goldwater Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Goldwater Bank, National Association |
| May 11, 2010 | OCC | Pacific Capital Bancorp | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Pacific Capital Bank, National Association |
| May 11, 2010 | OCC | Southern Commerce Bank, National Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Southern Commerce Bank, National Association |
| May 11, 2010 | OCC | SunBank, National Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Sunbank, National Association |
| May 11, 2010 | OCC | Armed Forces Bank of California, National Association | Formal Agreement: Armed Forces Bank of California, National Association |
| May 11, 2010 Released May 17, 2010 | FRB | Pacific Capital Bancorp | Written Agreement: Pacific Capital Bancorp, Santa Barbara, California |
| May 11, 2010 | OCC | Academy Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Academy Bank, National Association |
| May 11, 2010 | OCC | Home National Bank | Prompt Corrective Action (PCA) Directive: Home National Bank |
| May 11, 2010 | OCC | Armed Forces Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Armed Forces Bank, National Association |
| May 10, 2010 | OCC | Wells Fargo Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Pera, Linda |
| May 10, 2010 | OCC | Great Plains National Bank | Civil Money Penalty (CMP): Great Plains National Bank |
| May 10, 2010 | OCC | Wells Fargo Bank, N.A. | Civil Money Penalty (CMP): Pera, Linda |
| May 10, 2010 | FRB | (individual) | Section 19 Letters: Shane A. Habben |
| May 6, 2010 | OCC | First State Bancorp of the Rockies | Civil Money Penalty (CMP): Waller, Peter |
| May 6, 2010 Released May 13, 2010 | FRB | Integra Bank Corporation | Written Agreement: Integra Bank Corporation, Evansville, Indiana |
| May 6, 2010 Released May 18, 2010 | FRB | Gulf State Bancorp | Written Agreement: Gulf State Bancorp, Carrabelle, Florida |
| May 6, 2010 Released May 19, 2010 | FRB | DBT Holding Company | Written Agreement: DBT Holding Company, Vidalia, Georgia |
| May 6, 2010 Released May 17, 2010 | FRB | Cowboy State Bank | Written Agreement: Cowboy State Bank, Ranchester, Wyoming |
| May 6, 2010 Released May 13, 2010 | FRB | Cherokee Banking Company | Written Agreement: Cherokee Banking Company, Canton, Georgia |
| May 6, 2010 | OCC_OTS | Newton County Loan & Savings, FSB | Termination of Supervisory Agreement: Newton County Loan & Savings, FSB |