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 |
|---|---|---|
| Jan 22, 2010 | Evergreen Bank | $396.0M |
| Jan 22, 2010 | Premier American Bank | $299.2M |
| Jan 22, 2010 | Bank of Leeton | $20.1M |
| Jan 15, 2010 | Barnes Banking Company | $709.2M |
| Jan 15, 2010 | Town Community Bank and Trust | $70.8M |
| Jan 15, 2010 | St. Stephen State Bank | $22.9M |
| Jan 8, 2010 | Horizon Bank | $1.19B |
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 |
|---|---|---|---|
| May 6, 2010 | OCC | First State Bancorp of the Rockies | Civil Money Penalty (CMP): Penny, Bruce |
| May 5, 2010 | OCC | Valley National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Valley National Bank |
| May 4, 2010 Released May 12, 2010 | FRB | (individual) | Written Agreement: North Valley Bank, Zanesville, Ohio |
| May 4, 2010 Released May 7, 2010 | FRB | The South Financial Group, Inc. | Written Agreement: The South Financial Group, Greenville, South Carolina |
| May 3, 2010 | OCC | Seaside National Bank & Trust | Formal Agreement: Seaside National Bank & Trust |
| May 3, 2010 Released Sep 27, 2018 | FRB | Presidential Holdings, Inc. | Written Agreement: Presidential Holdings, Inc., Bethesda, Maryland |
| May 3, 2010 | OCC | City National Bank | Civil Money Penalty (CMP): City National Bank |
| May 3, 2010 | OCC_OTS | Presidential Bank, FSB | Supervisory Agreement: Presidential Holdings, Inc. |
| May 3, 2010 Released May 11, 2010 | FRB | NCB Financial | Written Agreement: NCB Financial, Las Vegas, Nevada |
| May 3, 2010 | OCC_OTS | Presidential Bank, FSB | Supervisory Agreement: Presidential Bank, FSB |
| May 2, 2010 Released May 11, 2010 | FRB | HNB Corporation | Written Agreement: HNB Corporation, Arkansas City, Kansas |
| Apr 30, 2010 Released May 13, 2010 | FRB | Trivoli Bancorp, Inc. | Written Agreement: Trivoli Bancorp, Trivoli, Illinois |
| Apr 30, 2010 | OCC_OTS | North American Savings Bank, FSB | Supervisory Agreement: North American Savings Bank, FSB |
| Apr 30, 2010 | OCC_OTS | Home Loan & Investment Association | Civil Money Penalty: Home Loan Investment Bank, F.S.B. |
| Apr 30, 2010 | OCC | North American Savings Bank, FSB | Formal Agreement: North American Savings Bank, FSB |
| Apr 29, 2010 | OCC | Charter National Bank and Trust | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Charter National Bank and Trust |
| Apr 29, 2010 Released May 10, 2010 | FRB | Advantage Bancorp, Inc. | Written Agreement: Advantage Bancorp, Inc., Loveland, Colorado |
| Apr 28, 2010 | OCC | Citizens Bank, National Association | Formal Agreement: Citizens Bank, National Association |
| Apr 28, 2010 Released May 10, 2010 | FRB | Farmers Bancorporation, Inc. | Written Agreement: Farmers Bancorporation, Inc., Buhl, Idaho |
| Apr 28, 2010 | OCC | Fsgbank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): FSGBank, National Association |
| Apr 28, 2010 | OCC | Rosemount National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Rosemount National Bank |
| Apr 27, 2010 Released May 4, 2010 | FRB | The Northwestern Bank | Written Agreement: The Northwestern Bank, Chippewa Falls, Wisconsin |
| Apr 27, 2010 Released May 5, 2010 | FRB | (individual) | Written Agreement: Legacy Bancorp, Inc., Milwaukee, Wisconsin; Legacy Bank, Milwaukee, Wisconsin |
| Apr 27, 2010 | OCC | First Keystone Corporation | Prohibition/Removal Orders: Knecht, Mary |
| Apr 26, 2010 Released May 6, 2010 | FRB | Alikat Investments, Inc. | Written Agreement: AliKat Investments, Inc., Gurnee, Illinois; Northside Community Bank, Gurnee, Illinois |
| Apr 23, 2010 | OCC | (individual) | Formal Agreement: Farmers National Bank |
| Apr 23, 2010 | FRB | Suntrust Bank | Section 19 Letters: Lena Altman |
| Apr 23, 2010 Released Apr 29, 2010 | FRB | FMB Equibanc, Inc. | Written Agreement: FMB Equibanc, Inc., Statesboro, Georgia |
| Apr 23, 2010 Released May 3, 2010 | FRB | Lake County Trust Company | Written Agreement: Lake County Bank, Saint Ignatius, Montana |
| Apr 23, 2010 | OCC_OTS | Woodforest Bank | Cease and Desist: Woodforest Bank |
| Apr 23, 2010 Released May 5, 2010 | FRB | Tower Financial Corporation | Written Agreement: Tower Financial Corporation, Fort Wayne, Indiana; Tower Bank & Trust Company, Fort … |
| Apr 23, 2010 Released May 7, 2010 | FRB | Bank of Commerce Holdings, Inc. | Written Agreement: Bank of Commerce Holdings, Inc., Sarasota, Florida |
| Apr 23, 2010 | OCC_OTS | Woodforest Bank | Civil Money Penalty: Woodforest Bank |
| Apr 22, 2010 Released Apr 29, 2010 | FRB | Coast Bancorp | Written Agreement: Coast Bancorp, San Luis Obispo, California |
| Apr 22, 2010 Released Apr 27, 2010 | FRB | Sun West Capital Corporation | Written Agreement: Sun West Capital Corporation, Las Vegas, Nevada |
| Apr 22, 2010 | OCC_OTS | Pamrapo Bancorp, Inc. | Orders of Removal/Prohibition: Diane Passero |
| Apr 22, 2010 | OCC | Herald National Bank | Formal Agreement: Herald National Bank |
| Apr 22, 2010 | OCC | Union National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Union National Bank |
| Apr 21, 2010 | OCC | The First National Bank of Ordway | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Ordway |
| Apr 21, 2010 | OCC | Pikes Peak National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Pikes Peak National Bank |
| Apr 20, 2010 | OCC | Incommons Bank, N.A. | Formal Agreement: Incommons Bank, National Association |
| Apr 19, 2010 | OCC | First National Bank of Crestview | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of Crestview |
| Apr 19, 2010 | OCC | City National Bank of Florida | Formal Agreement: City National Bank of Florida |
| Apr 19, 2010 Released Apr 22, 2010 | FRB | The Currituck Company of North Carolina | Written Agreement: The Bank of Currituck, Moyock, North Carolina |
| Apr 19, 2010 Released Apr 27, 2010 | FRB | Liberty Financial Group, Inc. | Written Agreement: Liberty Financial Group, Inc., Eugene, Oregon |
| Apr 19, 2010 Released Apr 26, 2010 | FRB | East Dubuque Bancshares, Inc. | Written Agreement: East Dubuque Bancshares, Inc., East Dubuque, Illinois and East Dubuque Savings Bank, … |
| Apr 19, 2010 Released Apr 22, 2010 | FRB | PB Financial Group, Inc. | Cease and Desist Order: PB Financial Group, Inc., Denver, Colorado and Premier Bank, Denver, … |
| Apr 16, 2010 Released May 3, 2010 | FRB | Paradise Bank | Written Agreement: Paradise Bank, Boca Raton, Florida |
| Apr 15, 2010 | OCC | Sun National Bank | Formal Agreement: Sun National Bank |
| Apr 15, 2010 | OCC | T Bank, N.A. | Formal Agreement: T Bank, National Association |