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 |
|---|---|---|
| Jul 1, 2010 | The Farmers and Merchants State Bank | The Riley State Bank of Riley Kansas |
| Jul 1, 2010 | All City Credit Union | Northwest Plus Credit Union |
| Jul 1, 2010 | Lafayette Teachers & Employees Federal Credit Union | Meritus Federal Credit Union |
| Jul 1, 2010 | First Keystone Bank | The Bryn Mawr Trust Company |
| Jul 1, 2010 | Reco Credit Union | 1st Midamerica Credit Union |
| Jul 1, 2010 | Putnam Federal Credit Union | Hudson Valley Federal Credit Union |
| Jul 1, 2010 | Southwest Bank, An M&I Bank | M&I Marshall and Ilsley Bank |
| Jul 1, 2010 | Southeast Community Credit Union | River City Federal Credit Union |
| Jul 1, 2010 | Decatur Firemens Credit Union | United Equity Credit Union |
| Jul 1, 2010 | State Central Credit Union | Summit Credit Union |
| Jul 1, 2010 | Croydon Savings Bank | Fidelity Savings & Loan Association of Bucks County |
| Jul 1, 2010 | First Delta Federal Credit Union | Shreveport Federal Credit Union |
| Jul 1, 2010 | PPG Paint Research Federal Credit Union | PPG & Associates Federal Credit Union |
| Jul 1, 2010 | Hamden Federal Credit Union | Crosspoint Federal Credit Union |
| Jul 1, 2010 | Lake Charles Telco Credit Union | Pelican Credit Union |
| Jul 1, 2010 | Firstcom Bancorp, Inc. | Byline Bancorp, Inc. |
| Jul 1, 2010 | The Bank of Nashville | Synovus Bank |
| Jul 1, 2010 | Credit Suisse (International) Holding Ag | Credit Suisse Ag |
| Jul 1, 2010 | Rutgers University Student and Alumni Federal Credit Union | Affinity Federal Credit Union |
| Jul 1, 2010 | First Keystone Financial, Inc. | Bryn Mawr Bank Corporation |
| Jul 1, 2010 | First Midland Nevada Corp. | First Bancshares of Texas, Inc. |
| Jun 30, 2010 | Lancaster Pennsylvania Police Federal Credit Union | Lancaster Red Rose Credit Union |
| Jun 30, 2010 | Grupo Empresas Servicios Financieros | FirstBank Puerto Rico |
| Jun 30, 2010 | First Leasing and Rental Corp. | FirstBank Puerto Rico |
| Jun 30, 2010 | U W Trust Company | United Western Trust Company |
| Jun 30, 2010 | Orchard Valley Financial Corp. | First State Bank of Colorado |
| Jun 30, 2010 | Paonia Financial Services, Inc. | First State Bank of Colorado |
| Jun 30, 2010 | Paonia State Bank | First State Bank of Colorado |
| Jun 30, 2010 | Colorado Mountain Bank | First State Bank of Colorado |
| Jun 28, 2010 | Inficorp Holdings, Inc. | First National of Nebraska, Inc. |
| Jun 28, 2010 | Turnpike Credit Union | Mass Bay Credit Union |
| Jun 12, 2010 | Kramer Homes Federal Credit Union | Unity Credit Union |
| Jun 11, 2010 | Muskegon Teachers Credit Union | Best Financial Credit Union |
| Jun 8, 2010 | SWNB Nevada Corporation | SWNB Bancorp, Inc. |
| Jun 5, 2010 | Medina Valley State Bank | Security State Bank |
| Jun 1, 2010 | Wausau City Employees Credit Union | Connexus Credit Union |
| Jun 1, 2010 | Synovus Bank of Jacksonville | Synovus Bank |
| Jun 1, 2010 | Jefferson Community Development Federal Credit Union | Coosa Pines Federal Credit Union |
| Jun 1, 2010 | Synovus Bank | Synovus Bank |
| Jun 1, 2010 | Progressive Neighborhood Federal Credit Union | Visions Federal Credit Union |
| Jun 1, 2010 | Sterling Bank | Synovus Bank |
| Jun 1, 2010 | The Bank of Tuscaloosa | Synovus Bank |
| Jun 1, 2010 | Georgia Bank & Trust | Synovus Bank |
| Jun 1, 2010 | First Coast Community Bank | Synovus Bank |
| Jun 1, 2010 | Epworth Federal Credit Union | Market USA Federal Credit Union |
| Jun 1, 2010 | AFB&T | Synovus Bank |
| Jun 1, 2010 | Commercial Bank & Trust Company of Troup County | Synovus Bank |
| Jun 1, 2010 | Bank of North Georgia | Synovus Bank |
| Jun 1, 2010 | Bank of Coweta | Synovus Bank |
| Jun 1, 2010 | Niagara Pasny Federal Credit Union | Niagara's Choice Federal 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 |