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 |
|---|---|---|
| Jul 30, 2010 | The Cowlitz Bank | $489.0M |
| Jul 30, 2010 | Coastal Community Bank | $377.5M |
| Jul 30, 2010 | Northwest Bank & Trust | $160.8M |
| Jul 30, 2010 | Bayside Savings Bank | $64.3M |
| Jul 23, 2010 | Crescent Bank and Trust Company | $970.2M |
| Jul 23, 2010 | Sterling Bank | $355.0M |
| Jul 23, 2010 | Home Valley Bank | $250.5M |
| Jul 23, 2010 | Southwestusa Bank | $203.7M |
| Jul 23, 2010 | Williamsburg First National Bank | $130.4M |
| Jul 23, 2010 | Community Security Bank | $100.6M |
| Jul 23, 2010 | Thunder Bank | $28.2M |
| Jul 16, 2010 | First National Bank of the South | $619.4M |
| Jul 16, 2010 | Metro Bank of Dade County | $399.4M |
| Jul 16, 2010 | Woodlands Bank | $382.8M |
| Jul 16, 2010 | Turnberry Bank | $240.3M |
| Jul 16, 2010 | Olde Cypress Community Bank | $161.4M |
| Jul 16, 2010 | MainStreet Savings Bank, FSB | $96.6M |
| Jul 9, 2010 | Home National Bank | $585.4M |
| Jul 9, 2010 | Bay National Bank | $217.7M |
| Jul 9, 2010 | USA Bank | $190.7M |
| Jul 9, 2010 | Ideal Federal Savings Bank | $6.2M |
| Jun 25, 2010 | Peninsula Bank | $630.2M |
| Jun 25, 2010 | First National Bank | $252.5M |
| Jun 25, 2010 | High Desert State Bank | $80.3M |
| Jun 18, 2010 | Nevada Security Bank | $492.5M |
| Jun 11, 2010 | Washington First International Bank | $520.9M |
| Jun 4, 2010 | Tierone Bank | $2.82B |
| Jun 4, 2010 | First National Bank | $60.4M |
| Jun 4, 2010 | Arcola Homestead Savings Bank | $17.0M |
| May 28, 2010 | Bank of Florida - Southwest | $640.9M |
| May 28, 2010 | Bank of Florida - Southeast | $595.3M |
| May 28, 2010 | Sun West Bank | $360.7M |
| May 28, 2010 | Bank of Florida - Tampa Bay | $240.5M |
| May 28, 2010 | Granite Community Bank, N.A. | $102.9M |
| May 21, 2010 | Pinehurst Bank | $61.2M |
| May 14, 2010 | Midwest Bank and Trust Company | $3.17B |
| May 14, 2010 | Satilla Community Bank | $135.7M |
| May 14, 2010 | New Liberty Bank | $111.2M |
| May 14, 2010 | Southwest Community Bank | $100.7M |
| May 7, 2010 | 1st Pacific Bank of California | $335.8M |
| May 7, 2010 | The Bank of Bonifay | $242.9M |
| May 7, 2010 | Towne Bank of Arizona | $120.2M |
| May 7, 2010 | Access Bank | $32.0M |
| Apr 30, 2010 | Westernbank Puerto Rico | $10.80B |
| Apr 30, 2010 | R-G Premier Bank of Puerto Rico | $5.68B |
| Apr 30, 2010 | Frontier Bank | $3.25B |
| Apr 30, 2010 | Eurobank | $2.45B |
| Apr 30, 2010 | CF Bancorp | $1.60B |
| Apr 30, 2010 | Champion Bank | $195.5M |
| Apr 30, 2010 | BC National Banks | $52.2M |
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 |
|---|---|---|---|
| Apr 15, 2010 | OCC | Mountain West Financial Corp. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Mountain West Bank, National Association |
| Apr 15, 2010 | OCC | T Bank, N.A. | Civil Money Penalty (CMP): T Bank, National Association |
| Apr 14, 2010 | OCC | First Federal Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Federal Bank |
| Apr 14, 2010 | OCC_OTS | Security Federal Bancorp, Inc. | Civil Money Penalty: Luther Stancel Pate, IV |
| Apr 14, 2010 Released Apr 20, 2010 | FRB | Ameri-National Corporation | Written Agreement: Ameri-National Corporation, Overland Park, Kansas |
| Apr 14, 2010 | OCC_OTS | (individual) | Cease and Desist: First Federal Bancshares of Arkansas, Inc. |
| Apr 14, 2010 | OCC_OTS | First Federal Bank | Cease and Desist: First Federal Bank |
| Apr 12, 2010 | OCC | Neighborhood National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Neighborhood National Bank |
| Apr 12, 2010 Released Apr 19, 2010 | FRB | (individual) | Written Agreement: First National Financial Services, Inc., Elk River, Minnesota |
| Apr 9, 2010 | OCC_OTS | First Federal Bank | Supervisory Agreement: First Federal Bank |
| Apr 8, 2010 | OCC_OTS | Security Federal Bancorp, Inc. | Cease and Desist: Raymond Leigh |
| Apr 8, 2010 | OCC_OTS | Turnberry Bank | Cease and Desist: Turnberry Bank |
| Apr 8, 2010 | OCC_OTS | Turnberry Financial Services, Inc. | Cease and Desist: Turnberry Financial Services, Inc. |
| Apr 8, 2010 | OCC_OTS | Security Federal Bancorp, Inc. | Civil Money Penalty: Raymond Leigh |
| Apr 7, 2010 | OCC_OTS | MSB Capital Corporation | Cease and Desist: MSB Capital Corporation |
| Apr 7, 2010 Released Apr 13, 2010 | FRB | Access Bancshares, Inc. | Written Agreement: Access Bancshares, Inc., Champlin, Minnesota |
| Apr 7, 2010 | OCC | United Midwest Savings Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): United Midwest Savings Bank |
| Apr 7, 2010 | OCC_OTS | Security Federal Bancorp, Inc. | Cease and Desist: Luther Stancel Pate, IV |
| Apr 7, 2010 | OCC_OTS | United Midwest Savings Bank, N.A. | Cease and Desist: United Midwest Savings Bank |
| Apr 6, 2010 | OCC | First Community Bank, National Association | Formal Agreement: First Community Bank, National Association |
| Apr 5, 2010 | OCC_OTS | Omniamerican Bancorp, Inc. | Orders of Removal/Prohibition: Tony H. Lippert |
| Apr 5, 2010 | FRB | Regions Bank | Section 19 Letters: Dana R. Dyer |
| Apr 5, 2010 | FRB | Regions Bank | Section 19 Letters: Lashunda P. Gilmore |
| Apr 5, 2010 | FRB | Regions Bank | Section 19 Letters: Lori Bolden |
| Apr 5, 2010 | FRB | Iberiabank Corporation | Section 19 Letters: Brandi Peltier |
| Apr 2, 2010 | OCC | The National Republic Bank of Chicago | Formal Agreement: The National Republic Bank of Chicago |
| Apr 2, 2010 | OCC_OTS | Liberty Banshares Florida, Inc. | Termination of Cease and Desist: Liberty Banshares Florida, Inc. |
| Apr 2, 2010 | OCC_OTS | Liberty Holding Company | Termination of Cease and Desist: Liberty Bank |
| Apr 2, 2010 Released Apr 8, 2010 | FRB | Rosemount Financial Services, Inc. | Written Agreement: Rosemount Financial Services, Inc., Rosemount, Minnesota |
| Apr 1, 2010 | OCC | The National Bank of Cambridge | Formal Agreement: The National Bank of Cambridge |
| Mar 31, 2010 | OCC_OTS | Tierone Bank | Prompt Corrective Action: TierOne Bank |
| Mar 31, 2010 | OCC_OTS | Eastern Savings Bank | Civil Money Penalty: Eastern Savings Bsnk |
| Mar 31, 2010 Released Apr 7, 2010 | FRB | First Commercial Bank of Florida | Written Agreement: FCB Florida Bancorporation, Inc., Orlando, Florida, First Commercial Bank of Florida, Orlando, … |
| Mar 31, 2010 Released Apr 5, 2010 | FRB | Citizens Bancshares of Woodville, Inc. | Written Agreement: Citizens Bancshares of Woodville, Inc., Hudson, Wisconsin |
| Mar 30, 2010 Released Mar 31, 2010 | FRB | Midwest Bank and Trust Company | Prompt Corrective Action: Midwest Bank and Trust Company, Elmwood Park, Illinois |
| Mar 29, 2010 | FRB | Regions Bank | Section 19 Letters: Jaime Castro |
| Mar 29, 2010 | OCC_OTS | American Sterling Bank | Orders of Removal/Prohibition: Michael Johnson |
| Mar 29, 2010 | OCC_OTS | Pamrapo Bancorp, Inc. | Civil Money Penalty: Pamrapo Savings Bank, SLA |
| Mar 29, 2010 Released Apr 1, 2010 | FRB | (individual) | Written Agreement: Independent Bancshares, Inc., Ocala, Florida |
| Mar 29, 2010 | FRB | Iberiabank Corporation | Section 19 Letters: Shannon Freyou |
| Mar 29, 2010 | OCC | Texas Republic Bank, N.A. | Civil Money Penalty (CMP): Fisher, Alvin |
| Mar 29, 2010 | FRB | Regions Bank | Section 19 Letters: Kenda Ferguson |
| Mar 26, 2010 | FRB | Regions Bank | Section 19 Letters: Ronald Frank Bell |
| Mar 26, 2010 Released Mar 31, 2010 | FRB | Atlantic Bancgroup, Inc. | Written Agreement: Atlantic BancGroup, Inc., Jacksonville Beach, Florida |
| Mar 26, 2010 Released Apr 6, 2010 | FRB | Atlantic Southern Financial Group, Inc. | Written Agreement: Atlantic Southern Financial Group, Inc., Macon, Georgia |
| Mar 26, 2010 | FRB | Regions Bank | Section 19 Letters: Brandon James Jones |
| Mar 26, 2010 | OCC_OTS | McHenry Bancorp, Inc. | Cease and Desist: McHenry Bancorp, Inc. |
| Mar 26, 2010 | OCC_OTS | Alaska Pacific Bancshares, Inc. | Orders of Removal/Prohibition: Adam J. Hendren |
| Mar 25, 2010 Released Mar 30, 2010 | FRB | Banktennessee | Written Agreement: BankTennessee Bancshares, Inc., Collierville, Tennessee, BankTennessee, Collierville, Tennessee |
| Mar 25, 2010 | OCC_OTS | American Sterling Bank | Orders of Removal/Prohibition: Ron Dearden |