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 31, 2010 | Holy Cross Credit Union | Valley Credit Union |
| Dec 31, 2010 | 1st Priority Federal Credit Union | Advantage Federal Credit Union |
| Dec 31, 2010 | Interbank | Interbank |
| Dec 31, 2010 | First National Bank of Olney | Interbank |
| Dec 31, 2010 | First Metropolitan Credit Union | Travis Credit Union |
| Dec 31, 2010 | Friona State Bank, N.A. | Interbank |
| Dec 31, 2010 | First Service Credit Union | First Service Credit Union |
| Dec 31, 2010 | Wachovia Financial Services, Inc. | Wells Fargo Bank, N.A. |
| Dec 31, 2010 | First Coleman National Bank of Coleman | Interbank |
| Dec 31, 2010 | Mountain View Federal Credit Union | Certified Federal Credit Union |
| Dec 31, 2010 | Rite Choice Federal Credit Union | Peak Credit Union |
| Dec 31, 2010 | Danville Holy Family Credit Union | First Illinois Credit Union |
| Dec 31, 2010 | Graham National Bank | Interbank |
| Dec 31, 2010 | ShoreBank, Pacific | Beneficial State Bank |
| Dec 31, 2010 | California Oaks State Bank | California United Bank |
| Dec 31, 2010 | First State Bank of Canadian, National Association | Interbank |
| Dec 31, 2010 | First Independent Bank of Nevada | Western Alliance Bank |
| Dec 31, 2010 | Professional Business Bank | Professional Business Bank |
| Dec 31, 2010 | Meta Trust Company | First Bank & Trust |
| Dec 31, 2010 | Alta Alliance Bank | Torrey Pines Bank |
| Dec 31, 2010 | Ally Long-Term Incentive Plan LLC | Ally Financial Inc. |
| Dec 31, 2010 | Abbco Community Credit Union | Scott Credit Union |
| Dec 31, 2010 | The Farmers National Bank of Seymour | Interbank |
| Dec 31, 2010 | Citizens National Bank of Breckenridge | Interbank |
| Dec 30, 2010 | SKBHC Hawks Nest Acquisition Corp. | Starbuck Bancshares, Inc. |
| Dec 29, 2010 | First Commerce Bancorp | Grandpoint Capital, Inc. |
| Dec 29, 2010 | Bot Financial Group, Inc. | The Bank of Texas Bancshares, Inc. |
| Dec 29, 2010 | J. R. Montgomery Bancorporation | JRMB II, Inc |
| Dec 29, 2010 | First Commerce Bank | Grandpoint Bank |
| Dec 28, 2010 | The Woodhouse & Bartley Bank | Peoples State Bank |
| Dec 24, 2010 | Union-Adams Bancorp. | Iowa Community Bancorp, Inc. |
| Dec 23, 2010 | First Munday Bancshares of Delaware, Inc. | First Munday Bancshares, Inc. |
| Dec 22, 2010 | Throckmorton Bancorp of Delaware, Inc. | Throckmorton Bancshares, Inc. |
| Dec 21, 2010 | Century Bank | First Federal Savings and Loan Association of Lakewood |
| Dec 18, 2010 | The First State Bank | Community National Bank & Trust |
| Dec 18, 2010 | MBT Credit Company, Inc. | Monroe Bank & Trust |
| Dec 18, 2010 | Moorhead State Bank | United Bank of Iowa |
| Dec 15, 2010 | Maypearl Holdings, Inc. | Maypearl Bancshares, Inc. |
| Dec 15, 2010 | Ok Bancorporation, Inc. | BancFirst Corporation |
| Dec 11, 2010 | Bank Midwest, N.A. | Armed Forces Bank, N.A. |
| Dec 11, 2010 | First National Bank of Chester County | Graystone Tower Bank |
| Dec 11, 2010 | CSBC Financial Corporation | Hometown Community Bancorp, Inc. |
| Dec 11, 2010 | First Chester County Corporation | Tower Bancorp Inc. |
| Dec 11, 2010 | Bank Midwest, N.A. | NBH Bank |
| Dec 11, 2010 | Citizens State Bank of Cropsey | Morton Community Bank |
| Dec 10, 2010 | Exchange Bancshares of Moore, Inc. | BancFirst Corporation |
| Dec 10, 2010 | Centerstate Bank Central Florida, National Association | SouthState Bank, N.A. |
| Dec 10, 2010 | Centerstate Bank, N.A. | SouthState Bank, N.A. |
| Dec 4, 2010 | Delaware National Bank | Fulton Bank, N.A. |
| Dec 4, 2010 | Connecticut River Community Bank | Liberty Bank |
The list holds 500 of the 502 mergers recorded for 2010.
Enforcement Actions in 2010
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Mar 25, 2010 | OCC_OTS | American Sterling Bank | Civil Money Penalty: Ron Dearden |
| Mar 25, 2010 | OCC | Midsouth Bank | Formal Agreement: Midsouth Bank, National Association |
| Mar 24, 2010 Released Apr 1, 2010 | FRB | First Missouri Bank and Trust Company of Creve Coeur | Written Agreement: First Banks, Inc., St. Louis, Missouri, The San Francisco Company, Clayton, Missouri, … |
| Mar 24, 2010 | OCC_OTS | Washington Mutual Bank | Orders of Removal/Prohibition: Adrian Francis |
| Mar 24, 2010 | OCC | Omni National Bank | Prohibition/Removal Orders: Levine, Jeffrey |
| Mar 24, 2010 | OCC | First National Bankers Bank, Alabama | Formal Agreement: First National Bankers Bank, Alabama |
| Mar 23, 2010 | OCC | First Community Bank, N.A. | Formal Agreement: First Community Bank, National Association |
| Mar 23, 2010 | OCC_OTS | (individual) | Cease and Desist: Liberty Federal Savings Bank |
| Mar 23, 2010 Released Mar 25, 2010 | FRB | United Security Bancshares | Written Agreement: United Security Bancshares, Inc., and United Security Bank, both of Fresno, California |
| Mar 23, 2010 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Liberty FSB |
| Mar 22, 2010 | OCC_OTS | Frontier Bank | Cease and Desist: Frontier Bank |
| Mar 22, 2010 Released Mar 29, 2010 | FRB | (individual) | Written Agreement: Granvalor Holding, Ltd., Tortola, British Virgin Islands, International Bancorp of Miami, Inc., … |
| Mar 22, 2010 | OCC | Frontier Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Frontier Bank |
| Mar 22, 2010 | OCC_OTS | Rock Rivers Bancorp | Cease and Desist: Rock Rivers Bancorp |
| Mar 18, 2010 | OCC | Inter Savings Bank, Federal Savings Bank | Prompt Corrective Action (PCA) Directive: Inter Savings Bank, FSB |
| Mar 18, 2010 | OCC_OTS | Inter Savings Bank, Federal Savings Bank | Prompt Corrective Action: Inter Savings Bank, FSB |
| Mar 18, 2010 | OCC | Citizens Commerce Bancshares, Inc. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Citizens Commerce National Bank |
| Mar 18, 2010 | OCC | Solera National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Solera National Bank |
| Mar 18, 2010 | OCC | Citizens National Bank | Formal Agreement: Citizens National Bank |
| Mar 17, 2010 | OCC | Bank 360 | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bank 360 |
| Mar 17, 2010 | OCC_OTS | American Sterling Bank | Orders of Removal/Prohibition: Michael D. Thompson |
| Mar 17, 2010 | OCC_OTS | American Sterling Bank | Cease and Desist: Peter Yelorda |
| Mar 17, 2010 | OCC_OTS | American Sterling Bank | Cease and Desist: Nancy C. Kimak |
| Mar 17, 2010 | OCC_OTS | American Sterling Bank | Cease and Desist: John W. Meara |
| Mar 17, 2010 | OCC_OTS | American Sterling Bank | Cease and Desist: Herbert M. Kohn |
| Mar 17, 2010 | OCC_OTS | Delanco Federal Savings Bank | Cease and Desist: Delanco Federal Savings Bank |
| Mar 17, 2010 | OCC_OTS | Bank 360 | Cease and Desist: Bank 360 |
| Mar 17, 2010 Released Mar 25, 2010 | FRB | Royal Bancshares of Pennsylvania, Inc. | Written Agreement: Royal Bancshares of Pennsylvania, Inc., Narberth, Pennsylvania |
| Mar 17, 2010 Released Mar 25, 2010 | FRB | Coconut Grove Bank | Written Agreement: Coconut Grove Bank, Miami, Florida |
| Mar 16, 2010 Released Mar 29, 2010 | FRB | Anchor Commercial Bank | Written Agreement: Anchor Commercial Bank, Juno Beach, Florida |
| Mar 15, 2010 | OCC_OTS | NCB Service Corporation, LLC | Supervisory Agreement: NCB, FSB |
| Mar 15, 2010 | OCC_OTS | (individual) | Cease and Desist: National Consumer Cooperative Bank |
| Mar 15, 2010 | OCC_OTS | (individual) | Cease and Desist: NCB Financial Corporation |
| Mar 15, 2010 | OCC | NCB Service Corporation, LLC | Formal Agreement: Ncb, FSB |
| Mar 15, 2010 | OCC | The Mason National Bank | Formal Agreement: The Mason National Bank |
| Mar 15, 2010 | OCC | Citizens First National Bank | Formal Agreement: Citizens First National Bank |
| Mar 15, 2010 | OCC | Home State BANK/N.A. | Formal Agreement: Home State Bank / National Association |
| Mar 15, 2010 | OCC | Lakewood Bank, National Association | Formal Agreement: Lakewood Bank, National Association |
| Mar 15, 2010 | OCC_OTS | Home Federal Bank of Hollywood | Civil Money Penalty: Home Federal Bank of Hollywood |
| Mar 12, 2010 | OCC | Native American Bank, N.A. | Capital Directive: Native American Bank, National Association |
| Mar 12, 2010 | OCC | Wells Fargo Bank, N.A. | Civil Money Penalty (CMP): Wachovia Bank, National Association |
| Mar 12, 2010 | OCC_OTS | (individual) | Amended Orders to Cease and Desist: Savings Bank of Maine Bancorp |
| Mar 12, 2010 | OCC_OTS | Savings Bank of Maine | Amended Orders to Cease and Desist: Savings Bank of Maine |
| Mar 12, 2010 | FRB | (individual) | Prohibition from Banking: Adam L. Benarroch |
| Mar 12, 2010 | OCC_OTS | Savings Bank of Maine | Prompt Corrective Action: Savings Bank of Maine |
| Mar 12, 2010 | OCC_OTS | Savings Bank of Maine, MHC | Amended Orders to Cease and Desist: Savings Bank of Maine, MHC |
| Mar 12, 2010 | OCC | Wells Fargo Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wachovia Bank, National Association |
| Mar 11, 2010 | OCC_OTS | Woodlands Bank | Prompt Corrective Action: Woodlands Bank |
| Mar 11, 2010 | OCC_OTS | Maritime Savings Bank | Prompt Corrective Action: Maritime Savings Bank |
| Mar 10, 2010 Released Mar 22, 2010 | FRB | Belvedere Capital Partners II LLC | Written Agreement: Belvedere Capital Partners II, San Francisco, California; Belvedere Capital Fund II, San … |