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 |
|---|---|---|
| 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 |
|---|---|---|---|
| Feb 11, 2010 | OCC | The First National Bank and Trust Company of Broken Arrow | Formal Agreement: The First National Bank and Trust Company of Broken Arrow |
| Feb 11, 2010 | OCC | Resource Bank, N.A. | Formal Agreement: Resource Bank, National Association |
| Feb 10, 2010 | OCC | First National Bank in Pawhuska | Civil Money Penalty (CMP): Stuart, Elizabeth A. |
| Feb 9, 2010 | OCC | First State Bancorp of the Rockies | Civil Money Penalty (CMP): Holeyfield, Joe |
| Feb 9, 2010 | OCC | First State Bancorp of the Rockies | Civil Money Penalty (CMP): Gentry, J. Cleveland |
| Feb 9, 2010 | OCC | First State Bancorp of the Rockies | Civil Money Penalty (CMP): Reece, Robert |
| Feb 9, 2010 | OCC | First State Bancorp of the Rockies | Civil Money Penalty (CMP): Danner, Ron |
| Feb 9, 2010 | OCC | First State Bancorp of the Rockies | Civil Money Penalty (CMP): Gentry, Carol |
| Feb 8, 2010 | OCC_OTS | Dearborn Savings Bank | Termination of Cease and Desist: Dearborn Savings Bank |
| Feb 8, 2010 | OCC | Olmsted National Bank | Formal Agreement: Olmsted National Bank |
| Feb 5, 2010 | OCC_OTS | Hudson City Bancorp, Inc. | Orders of Removal/Prohibition: Milagros Rodriquez |
| Feb 5, 2010 | OCC | First National Bank in Pawhuska | Civil Money Penalty (CMP): Larsh, Steve |
| Feb 5, 2010 | OCC | First National Bank in Pawhuska | Civil Money Penalty (CMP): Stuart, Douglas |
| Feb 5, 2010 | OCC | First National Bank in Pawhuska | Civil Money Penalty (CMP): Stutz, Larry |
| Feb 5, 2010 | OCC | The First National Bank of Plainview | Formal Agreement: The First National Bank of Plainview |
| Feb 4, 2010 Released Feb 18, 2010 | FRB | Sunfirst Corporation | Written Agreement: SunFirst Corporation, St. George, Utah |
| Feb 4, 2010 Released Feb 18, 2010 | FRB | (individual) | Written Agreement: First National Corporation, Savannah, Georgia |
| Feb 3, 2010 Released Feb 17, 2010 | FRB | Community First Bank - Chicago | Written Agreement: Community First Bank-Chicago, Chicago, Illinois |
| Feb 3, 2010 | OCC_OTS | Waterfield Bank | Prompt Corrective Action: Waterfield Bank |
| Feb 1, 2010 Released Feb 18, 2010 | FRB | TCM Company | Written Agreement: TCM Company, Crete, Nebraska |
| Feb 1, 2010 Released Feb 17, 2010 | FRB | Community National Bancorporation | Written Agreement: Community National Bancorporation, Waterloo, Iowa |
| Jan 29, 2010 Released Feb 17, 2010 | FRB | Beach First National Bancshares, Inc. | Written Agreement: Beach First National Bancshares, Myrtle Beach, South Carolina |
| Jan 29, 2010 | OCC_OTS | Paper City Savings Association | Civil Money Penalty: Paper City Savings Association |
| Jan 29, 2010 | OCC | First National Bank of Santa Fe | Formal Agreement: The First National Bank of Santa Fe |
| Jan 28, 2010 Released Feb 2, 2010 | FRB | NBRS Financial Bank | Written Agreement: Rising Sun Bancorp, Rising Sun, Maryland; NBRS Financial Bank, Rising Sun, Maryland |
| Jan 28, 2010 Released Feb 3, 2010 | FRB | Palm Desert Investments | Written Agreement: Palm Desert Investments, Palm Desert, California |
| Jan 28, 2010 | OCC_OTS | Mutual of Omaha Bank | Civil Money Penalty: Philip A. Lamb |
| Jan 27, 2010 | OCC | (individual) | Formal Agreement: First National Bank |
| Jan 27, 2010 | OCC | The Stillwater National Bank and Trust Company | Formal Agreement: Stillwater National Bank and Trust Company |
| Jan 27, 2010 | OCC | Northwestern Bank, N.A. | Formal Agreement: Northwestern Bank, National Association |
| Jan 27, 2010 | OCC | Flagstar Bancorp, Inc. | Formal Agreement: Flagstar Bank, FSB |
| Jan 27, 2010 | OCC_OTS | Flagstar Bancorp, Inc. | Supervisory Agreement: Flagstar Bancorp, Inc. |
| Jan 27, 2010 | OCC_OTS | Flagstar Bancorp, Inc. | Supervisory Agreement: Flagstar Bank, FSB |
| Jan 27, 2010 Released Feb 1, 2010 | FRB | Peoples, Inc. | Written Agreement: Peoples Inc., Lawrence, Kansas; Peoples Bank, Lawrence, Kansas |
| Jan 27, 2010 Released Feb 4, 2010 | FRB | The Citizens Bank of Edmond | Written Agreement: Citizens Bancshares, Edmond, Oklahoma; The Citizens Bank of Edmond, Edmond, Oklahoma |
| Jan 26, 2010 | OCC | BNC National Bank | Formal Agreement: BNC National Bank |
| Jan 26, 2010 | OCC | Los Alamos National Bank | Formal Agreement: Los Alamos National Bank |
| Jan 26, 2010 | OCC | (individual) | Formal Agreement: Community National Bank |
| Jan 22, 2010 | OCC | Bankmeridian, N.A. | Formal Agreement: Bankmeridian, National Association |
| Jan 22, 2010 Released Jan 28, 2010 | FRB | Guaranty Bancorp | Written Agreement: Guaranty Bancorp, Denver, Colorado; Guaranty Bank & Trust Company, Denver, Colorado |
| Jan 22, 2010 Released Jan 28, 2010 | FRB | Saehan Bancorp | Written Agreement: Saehan Bancorp, Los Angeles, California |
| Jan 22, 2010 | OCC | Neighborhood National Bank | Formal Agreement: Peoples National Bank of Mora |
| Jan 21, 2010 | OCC_OTS | Pamrapo Bancorp, Inc. | Cease and Desist: Pamrapo Savings Bank, SLA |
| Jan 21, 2010 | OCC | The First National Bank of Olathe | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Olathe |
| Jan 21, 2010 Released Jan 26, 2010 | FRB | Northfield Bancshares, Inc. | Written Agreement: Northfield Bancshares, Northfield, Minnesota; Community Resource Bank, Northfield, Minnesota |
| Jan 21, 2010 | OCC | First Scottsdale Bank, N.A. | Formal Agreement: First National Bank of Scottsdale |
| Jan 20, 2010 | OCC_OTS | United Bancorp, Inc. | Termination of Supervisory Agreement: United Bancorp, Inc. |
| Jan 20, 2010 | OCC | Bank of Tennessee | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): National Bank of Tennessee |
| Jan 20, 2010 | OCC | Bank of America, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): McElroy, Robert D. |
| Jan 20, 2010 | OCC | Bank of America, N.A. | Civil Money Penalty (CMP): McElroy, Robert D. |