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 |
|---|---|---|
| Mar 24, 2010 | (unnamed) | Sunrise Bank |
| Mar 22, 2010 | Elkhart Community Bank | Indiana Community Bank |
| Mar 20, 2010 | Wachovia Bank, N.A. | Wells Fargo Bank, N.A. |
| Mar 20, 2010 | (unnamed) | Atlantic Union Bank |
| Mar 20, 2010 | Wachovia Bank of Delaware, National Association | Wells Fargo Bank, N.A. |
| Mar 19, 2010 | Bramco Employees Federal Credit Union | Advanz Federal Credit Union |
| Mar 15, 2010 | Shelby Bancshares of Nevada, Inc. | Shelby Bancshares, Inc. |
| Mar 12, 2010 | Charter Ibhc, Inc. | Charter Bancshares, Inc. |
| Mar 5, 2010 | First State Bank, Jones, Oklahoma | BancFirst |
| Mar 5, 2010 | Madison Financial Corporation | Origin Bancorp, Inc. |
| Mar 4, 2010 | Public Service P D Employees Federal Credit Union | Public Service Federal Credit Union |
| Mar 3, 2010 | Louise Nevada Holdings, Inc. | Louise Bancshares, Inc. |
| Mar 3, 2010 | Andrews Delaware Financial Corporation | Andrews Bancshares, Inc. |
| Mar 1, 2010 | GCM Federal Credit Union | Unity One Credit Union |
| Mar 1, 2010 | Sta Rite Employees Credit Union | Blackhawk Community Credit Union |
| Mar 1, 2010 | I.T.T. G.C.-AEROSPACE Controls Federal Credit Union | Calcom Federal Credit Union |
| Mar 1, 2010 | S P C O Federal Credit Union | Spco Credit Union |
| Mar 1, 2010 | Community Banks of Northern California | Community Banks of Colorado |
| Mar 1, 2010 | I C G Community Credit Union | Credit Union 1 |
| Mar 1, 2010 | Members Choice Community Credit Union | Ascentra Credit Union |
| Mar 1, 2010 | Valleytrust Federal Credit Union | Puget Sound Cooperative Credit Union |
| Feb 28, 2010 | Miracle Faith Federal Credit Union | General Electric Employees Federal Credit Union |
| Feb 28, 2010 | Walsh County Bancorporation, Inc. | Koda Bancor, Inc. |
| Feb 28, 2010 | Bank of Minto | Kodabank |
| Feb 28, 2010 | Community Credit Union | Peak Credit Union |
| Feb 27, 2010 | Wallis Delaware Corporation | Wallis Bancshares, Inc. |
| Feb 27, 2010 | Deposit Insurance National Bank of Kaysville | (unnamed) |
| Feb 27, 2010 | New York National Bank | Hudson Valley Bank, N.A. |
| Feb 26, 2010 | Memphisfirst Corporation | Landmark Community Bank |
| Feb 26, 2010 | First State Bank of Thayer | Bank of Commerce |
| Feb 20, 2010 | Choteau Bancorporation, Inc. | Teton Bancshares, Inc. |
| Feb 20, 2010 | Bank of Tacoma | Bank of the Northwest |
| Feb 20, 2010 | Bank of Everett | Bank of the Northwest |
| Feb 20, 2010 | Bank of Bellevue | Bank of the Northwest |
| Feb 20, 2010 | The First National Bank of Fairfield | Teton Banks |
| Feb 19, 2010 | First Louisiana Bank | Origin Bank |
| Feb 13, 2010 | The Beverly National Bank | Danversbank |
| Feb 11, 2010 | S M H Federal Credit Union | Members Source Credit Union |
| Feb 2, 2010 | The First National Bank of Valentine | Security First Bank |
| Feb 1, 2010 | Bestwall Brunswick Federal Credit Union | Geovista Federal Credit Union |
| Feb 1, 2010 | Liberty Bank | Liberty Bank, F.S.B. |
| Feb 1, 2010 | Union Special Employees Credit Union | Alero Financial Credit Union |
| Feb 1, 2010 | Georgia Power Northeast Credit Union | Powerco Federal Credit Union |
| Feb 1, 2010 | Singer Employees Federal Credit Union | Jersey Central Federal Credit Union |
| Feb 1, 2010 | Industrial Federal Savings Bank | HomeTrust Bank |
| Feb 1, 2010 | Efe Federal Credit Union | Americo Federal Credit Union |
| Feb 1, 2010 | Coastal Georgia Federal Credit Union | Memorial Health Credit Union |
| Jan 30, 2010 | (unnamed) | Bank of Las Vegas |
| Jan 30, 2010 | Desert Community Bank | Bank of Las Vegas |
| Jan 30, 2010 | Red Rock Community Bank | Bank of Las Vegas |
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 |