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 |
|---|---|---|
| May 1, 2010 | The Farmers Bank | First State Bank Nebraska |
| May 1, 2010 | Alton Route Employees Credit Union | Prairieland Federal Credit Union |
| May 1, 2010 | A. L. Bratcher Federal Credit Union | Eco Credit Union |
| May 1, 2010 | Liberty Alliance Federal Credit Union | Members Heritage Credit Union Inc |
| May 1, 2010 | De Witt State Bank | First State Bank Nebraska |
| May 1, 2010 | Federal and State Inspectors Federal Credit Union | Members United Credit Union |
| May 1, 2010 | Saginaw Veterans Administration Hospital Federal Credit Union | Generations Family Federal Credit Union |
| May 1, 2010 | Lake County Schools Credit Union | Mountain River Credit Union |
| Apr 30, 2010 | P. R. K. Employees Federal Credit Union | Chrome Federal Credit Union |
| Apr 30, 2010 | American Bancshares, Inc. | Ida Grove Bancshares, Inc. |
| Apr 26, 2010 | The First National Bank of Akron | The Security National Bank of Sioux City, Iowa |
| Apr 24, 2010 | Central Bank | Iroquois Farmers State Bank |
| Apr 24, 2010 | F&M Bank-Iowa Central | Great Western Bank |
| Apr 17, 2010 | Iowa Bank | Fidelity Bank & Trust |
| Apr 17, 2010 | NBT-Nevada, Inc. | Horizon Bankshares, Inc. |
| Apr 10, 2010 | Community Bank Plymouth | KleinBank |
| Apr 10, 2010 | Harleysville National Corporation | First Niagara Financial Group, Inc. |
| Apr 10, 2010 | The Harleysville National Bank and Trust Company | First Niagara Bank, N.A. |
| Apr 10, 2010 | Wachovia Card Services, N.A. | Wells Fargo Bank, N.A. |
| Apr 10, 2010 | First Niagara Commercial Bank | First Niagara Bank, N.A. |
| Apr 8, 2010 | Harvard Savings, MHC | Harvard Savings Bank |
| Apr 8, 2010 | The First National Bank of Litchfield | Union Savings Bank |
| Apr 8, 2010 | Harvard Illinois Financial Corp. | Harvard Savings Bank |
| Apr 2, 2010 | Saint Boniface Parish Federal Credit Union | Connex Credit Union, Inc |
| Apr 2, 2010 | Timewell State Bank | Farmers State Bank & Trust Co. |
| Apr 1, 2010 | Ifa Employees Federal Credit Union | Mountain America Federal Credit Union |
| Apr 1, 2010 | Acs Securities Corp. | Johnson Financial Group, Inc. |
| Apr 1, 2010 | United Bank & Trust-Washtenaw | United Bank & Trust |
| Apr 1, 2010 | Allegiance Community Bank | Archer Bank |
| Apr 1, 2010 | American Bank, National Association | American Nation Bank |
| Apr 1, 2010 | Jones Dairy Farm Employees Credit Union | Fort Community Credit Union |
| Apr 1, 2010 | Education First Credit Union | Advia Credit Union |
| Apr 1, 2010 | School Employees Federal Credit Union | Vacationland Federal Credit Union |
| Apr 1, 2010 | Nuunion Credit Union | Lake Trust Credit Union |
| Apr 1, 2010 | Harvard State Bank | Cornerstone Bank |
| Apr 1, 2010 | First Edition Community Credit Union | Vantage West Credit Union |
| Apr 1, 2010 | Select Community Federal Credit Union | First Trust Credit Union |
| Apr 1, 2010 | The Times-Picayune Employees Federal Credit Union | New Orleans Firemens Federal Credit Union |
| Apr 1, 2010 | Farmers Union Federal Credit Union | Premier Members Federal Credit Union |
| Apr 1, 2010 | Bell Financial Community Credit Union | Illiana Financial Credit Union |
| Mar 31, 2010 | Bank of Auburn Hills | Talmer West Bank |
| Mar 31, 2010 | Paragon Bank & Trust | Talmer West Bank |
| Mar 31, 2010 | Bradford Onized Fcu | Bradford Area Federal Credit Union |
| Mar 30, 2010 | Infibank, N.A. | First National Bank of Omaha |
| Mar 27, 2010 | Specialty Federal Credit Union | Fort Financial Federal Credit Union |
| Mar 26, 2010 | First Sonora Delaware Bancshares, Inc. | First Sonora Bancshares, Inc. |
| Mar 26, 2010 | Madison County Bank | Origin Bank |
| Mar 26, 2010 | First Choice Community Bank 1874 | First Choice Community Bank |
| Mar 24, 2010 | Sunrise Bank Of San Diego | Sunrise Bank |
| Mar 24, 2010 | Sunrise Community Bank | Sunrise Bank |
The list holds 500 of the 502 mergers recorded for 2010.
Enforcement Actions in 2010
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Mar 10, 2010 | OCC_OTS | First Marblehead Corporation | Termination of Supervisory Agreement: The First Marblehead Corporation |
| Mar 9, 2010 | OCC | Far East Bank & Trust Company | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Far East National Bank |
| Mar 8, 2010 Released Mar 15, 2010 | FRB | First Chicago Trust Company of Illinois | Written Agreement: First Chicago Bancorp, Chicago, Illinois; First Chicago Bank & Trust, Chicago, Illinois |
| Mar 8, 2010 | OCC_OTS | Fox Valley Savings Bank | Civil Money Penalty: Fox Valley Savings Bank |
| Mar 5, 2010 | OCC | Capital One, N.A. | Prohibition/Removal Orders: Abshire, Samantha D. |
| Mar 5, 2010 | OCC_OTS | Union Federal Savings Bank | Termination of Cease and Desist: Union Federal Savings Bank |
| Mar 5, 2010 | OCC_OTS | Ideal Federal Savings Bank | Prompt Corrective Action: Ideal Federal Savings Bank |
| Mar 4, 2010 Released Mar 8, 2010 | FRB | Heritage Oaks Bancorp | Written Agreement: Heritage Oaks Bancorp, Paso Robles, California |
| Mar 4, 2010 Released Mar 9, 2010 | FRB | Ravalli County Bankshares, Inc. | Written Agreement: Ravalli County Bankshares, Hamilton, Montana; Ravalli County Bank, Hamilton, Montana |
| Mar 4, 2010 | OCC | Freedom National Bank | Formal Agreement: Freedom National Bank |
| Mar 3, 2010 Released Mar 15, 2010 | FRB | (individual) | Written Agreement: FNB Bancorp, Layton, Utah |
| Mar 3, 2010 | OCC | First National Bank Minnesota | Formal Agreement: First National Bank Minnesota |
| Mar 3, 2010 Released Mar 10, 2010 | FRB | Olmsted Holding Corporation | Written Agreement: Olmsted Holding Corporation, Rochester, Minnesota |
| Mar 1, 2010 | OCC_OTS | First Federal Bank of North Florida | Prompt Corrective Action: First Federal Bank of North Florida |
| Mar 1, 2010 | OCC_OTS | Mid-Southern Savings Bank, FSB | Civil Money Penalty: Mid-Southern Savings Bank, FSB |
| Feb 26, 2010 | OCC | Albany Bank & Trust, National Association | Civil Money Penalty (CMP): Lee, Robert E. |
| Feb 26, 2010 | OCC | Albany Bank & Trust, National Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Lee, Robert E. |
| Feb 26, 2010 Released Mar 11, 2010 | FRB | (individual) | Written Agreement: NW Services Corporation, Ringgold, Georgia |
| Feb 26, 2010 Released Mar 11, 2010 | FRB | Florida First City Banks, Inc. | Written Agreement: Florida First City Banks, Fort Walton Beach, Florida |
| Feb 26, 2010 | FRB | (individual) | Section 19 Letters: Stephanie Calla |
| Feb 25, 2010 | OCC_OTS | Woodlands Bank | Civil Money Penalty: Woodlands Bank |
| Feb 24, 2010 | OCC | Vast Bank, N.A. | Formal Agreement: Valley National Bank |
| Feb 24, 2010 Released Mar 10, 2010 | FRB | Idaho Bancorp | Written Agreement: Idaho Bancorp, Boise, Idaho; Idaho Banking Company, Boise, Idaho |
| Feb 23, 2010 | OCC | Citizens National Bank of Paintsville | Formal Agreement: Citizens National Bank of Paintsville |
| Feb 23, 2010 | OCC_OTS | Guardian Trust Company, FSB | Orders of Removal/Prohibition: Gerald McEvoy |
| Feb 23, 2010 | OCC | C3BANK, N.A. | Formal Agreement: First National Bank of Southern California |
| Feb 23, 2010 | OCC_OTS | Home Building and Loan Company | Amended Supervisory Agreements: The Home Building and Loan Company |
| Feb 22, 2010 Released Feb 25, 2010 | FRB | (individual) | Written Agreement: Citizens Bancorp, Nevada City, California |
| Feb 22, 2010 | OCC_OTS | Key West Bank | Prompt Corrective Action: Key West Bank |
| Feb 19, 2010 | OCC_OTS | (individual) | Amended Orders to Cease and Desist: Chicago Title Insurance Company |
| Feb 19, 2010 | OCC | The Farmers National Bank of Cynthiana | Formal Agreement: The Farmers National Bank of Cynthiana |
| Feb 19, 2010 | OCC_OTS | Pamrapo Bancorp, Inc. | Civil Money Penalty: Pamrapo Savings Bank, SLA |
| Feb 19, 2010 Released Feb 24, 2010 | FRB | Bankers' Bank of the West Bancorp, Inc. | Written Agreement: Bankers' Bank of the West Bancorp, Denver, Colorado; Bankers' Bank of the … |
| Feb 18, 2010 | OCC | American Bank, N.A. | Notice of Charges: Magnuson, Richard E. |
| Feb 18, 2010 Released Mar 1, 2010 | FRB | Northwest Community Bancorp, Inc. | Written Agreement: Northwest Community Bancorp, Shoreline, Washington |
| Feb 18, 2010 Released Feb 24, 2010 | FRB | Pacific State Bancorp | Written Agreement: Pacific State Bancorp, Stockton, California; Pacific State Bank, Stockton, California |
| Feb 18, 2010 | FRB | (individual) | Prohibition from Banking: Steven T. Dukiet |
| Feb 18, 2010 | FRB | (individual) | Prohibition from Banking: Sandy Abbas |
| Feb 18, 2010 | OCC | Capital One Bank (USA), N.A. | Formal Agreement: Capital One Bank (USA), National Association |
| Feb 17, 2010 | OCC | Forrest City Bank, National Association | Formal Agreement: Forrest City Bank, National Association |
| Feb 17, 2010 | OCC | Peoples National Bank Leadville | Formal Agreement: Peoples National Bank Leadville |
| Feb 17, 2010 Released Feb 23, 2010 | FRB | Heritage Commerce Corp | Written Agreement: Heritage Commerce Corp, San Jose, California; Heritage Bank of Commerce, San Jose, … |
| Feb 17, 2010 | OCC | Rio Grande Bancshares, Inc. | Formal Agreement: Bank of The Rio Grande National Association |
| Feb 17, 2010 | OCC | First Community Bank of Central Alabama | Formal Agreement: First National Bank of Central Alabama |
| Feb 16, 2010 | OCC_OTS | La Jolla Pacific Savings Bank | Prompt Corrective Action: La Jolla Bank, FSB |
| Feb 16, 2010 Released Feb 24, 2010 | FRB | Mercantile Bancorp, Inc. | Written Agreement: Mercantile Bancorp, Quincy, Illinois |
| Feb 16, 2010 Released Feb 18, 2010 | FRB | Marco Community Bank | Prompt Corrective Action: Marco Community Bank, Marco Island, Florida |
| Feb 12, 2010 | OCC | Whitney National Bank | Civil Money Penalty (CMP): Whitney National Bank |
| Feb 12, 2010 | OCC | Whitney National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Whitney National Bank |
| Feb 11, 2010 | OCC | WNB Financial, N.A. | Formal Agreement: Winona National Bank |