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 |
|---|---|---|
| Jan 14, 2010 | Independent Bankers' Bank Bridge Bank, National Association | TIB, N.A. |
| Jan 13, 2010 | Oswego Hospital Federal Credit Union | Compass Federal Credit Union |
| Jan 8, 2010 | CountryBank USA | Scandia American Bank & Trust |
| Jan 7, 2010 | Oconee Credit Union | Pinnacle Credit Union |
| Jan 6, 2010 | Phillips County Self-Help Federal Credit Union | Telcoe Federal Credit Union |
| Jan 5, 2010 | Mt. Washington Co-operative Bank | East Boston Savings Bank |
| Jan 4, 2010 | Springfield Trust & Investment Company | Central Trust Company |
| Jan 1, 2010 | Stanley, Hunt, Dupree & Rhine, Inc. | Truist Bank |
| Jan 1, 2010 | First Live Oak Delaware Bancshares, Inc. | First Live Oak Bancshares, Inc. |
| Jan 1, 2010 | First Central Holdings, Inc. | FCT Bancshares, Inc. |
| Jan 1, 2010 | First Missouri Bancshares, Inc. | First Missouri Bancshares, Inc. |
| Jan 1, 2010 | Mountain High Community Federal Credit Union | America First Federal Credit Union |
| Jan 1, 2010 | Star Wealth Management | Star Financial Bank |
| Jan 1, 2010 | East Texas (Delaware) Holdings, Ltd. | East Texas Financial Corporation |
| Jan 1, 2010 | Jefferson Bancshares of Delaware, Inc. | Jefferson Bancshares, Inc. |
| Jan 1, 2010 | Banc One National Processing Corporation | JPMorgan Chase Bank, N.A. |
| Jan 1, 2010 | Kokua Federal Credit Union | Pearl Hawaii Federal Credit Union |
| Jan 1, 2010 | Florida Healthcare Credit Union | MY Healthcare Federal Credit Union |
| Jan 1, 2010 | Dickinson Educators Credit Union | Western Cooperative Credit Union |
| Jan 1, 2010 | Mid Michigan Family Credit Union | Copoco Community Credit Union |
| Jan 1, 2010 | Hillside Hospital Federal Credit Union | Northwell Health Federal Credit Union |
| Jan 1, 2010 | Community Choice Federal Credit Union | Financial Health Federal Credit Union |
| Jan 1, 2010 | City County Employees Federal Credit Union | Universal 1 Credit Union, Inc. |
| Jan 1, 2010 | Bank of Paxton | Pony Express Community Bank |
| Jan 1, 2010 | Yosemite Credit Union | Valley First Federal Credit Union |
| Jan 1, 2010 | Westworks Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Jan 1, 2010 | All Hans Credit Union | La Capitol Federal Credit Union |
| Jan 1, 2010 | Syracuse Federal Credit Union | The Summit Federal Credit Union |
| Jan 1, 2010 | Coastal Waters Federal Credit Union | Singing River Federal Credit Union |
| Jan 1, 2010 | Colorado United Credit Union | Premier Members Federal Credit Union |
| Jan 1, 2010 | Choice Federal Credit Union | Self-Help Credit Union |
| Jan 1, 2010 | Hinds Community College Credit Union | Mutual Federal Credit Union |
| Jan 1, 2010 | El Futuro Credit Union | Self-Help Federal Credit Union |
| Jan 1, 2010 | Salt Lake County Employees Credit Union | Mountain America Federal Credit Union |
| Jan 1, 2010 | East Bridgewater Savings Bank | Bluestone Bank |
| Jan 1, 2010 | Norco Credit Union | Ashland Credit Union |
| Jan 1, 2010 | America's Pride Federal Credit Union | United Consumers Credit Union |
| Jan 1, 2010 | Southeastern Wisconsin Catholic Credit Union | Educators Credit Union |
| Jan 1, 2010 | Webster Groves Municipal Employees Credit Union | Arsenal Credit Union |
| Jan 1, 2010 | Pinekraft Federal Credit Union | Pelican Credit Union |
| Jan 1, 2010 | New Castle Postal Employees Credit Union | First Choice Federal Credit Union |
| Jan 1, 2010 | West Virginia Arng Technicians Federal Credit Union | West Virginia National Guard Federal Credit Union |
| Jan 1, 2010 | Lij Employees Federal Credit Union | Northwell Health Federal Credit Union |
| Jan 1, 2010 | Tapke Asset Management LLC | The Bank of Kentucky, Inc. |
| Jan 1, 2010 | Nuestro Banco | Four Oaks Bank & Trust Company |
| Jan 1, 2010 | First United Bank Mortgage Company | First United Bank and Trust Company |
| Jan 1, 2010 | MVB Harrison Inc. | MVB Central, Inc. |
| Jan 1, 2010 | Texas Financial of Delaware, Inc. | Texas Bancshares Inc |
| Jan 1, 2010 | Hancock Bank of Florida | Hancock Whitney Bank |
| Jan 1, 2010 | Collinsville Savings Mutual Holding Company | Connecticut Mutual Holding Company |
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 |