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 |
|---|---|---|
| Sep 1, 2010 | Prairie Trail Credit Union | Abri Credit Union |
| Sep 1, 2010 | First State Bank | Citizens & Northern Bank |
| Sep 1, 2010 | U.S. Benefits, Inc. | Arrow Bank N.A. |
| Sep 1, 2010 | Table Rock Federal Credit Union | Service 1 Federal Credit Union |
| Sep 1, 2010 | Community State Bancshares, Inc. | Allcorp Inc |
| Sep 1, 2010 | Hum Federal Credit Union | Democracy Federal Credit Union |
| Sep 1, 2010 | Otsego Paperworkers Credit Union | Honor Credit Union dba Honor Investment Services |
| Sep 1, 2010 | 1st Northwest Federal Credit Union | First Northern Credit Union |
| Sep 1, 2010 | City-County Federal Credit Union | Wings Financial Credit Union |
| Aug 31, 2010 | Isb Delaware Holdings, Inc. | Isb Holdings, Inc. |
| Aug 31, 2010 | First State Federal Credit Union | American Spirit Federal Credit Union |
| Aug 30, 2010 | MC Bancshares of Delaware, Inc. | Metrocorp Bancshares, Inc. |
| Aug 26, 2010 | Central Bancshares, Inc. | Central Bancorp, Inc. |
| Aug 21, 2010 | Wells Fargo Education Finance Inc. | Wells Fargo Bank, N.A. |
| Aug 20, 2010 | Community Trust Bank of Texas | Origin Bank |
| Aug 14, 2010 | TSB Financial, Inc. | Hometown Community Bancorp, Inc. |
| Aug 14, 2010 | Tremont Savings Bank | Morton Community Bank |
| Aug 13, 2010 | Home State Bank | Bank of Commerce |
| Aug 9, 2010 | Transatlantic Bank | Sabadell United Bank, National Association |
| Aug 3, 2010 | Golf Savings Bank | Sterling Savings Bank |
| Aug 2, 2010 | Best of Iowa Community Credit Union | Greenstate Credit Union |
| Aug 1, 2010 | Renton Community Credit Union | Peak Credit Union |
| Aug 1, 2010 | Highgrove Community Federal Credit Union | Wings Financial Credit Union |
| Aug 1, 2010 | V-R Employees Credit Association Federal Credit Union | Bragg Mutual Federal Credit Union |
| Aug 1, 2010 | Postal Credit Union of Northern California | F3 Credit Union |
| Aug 1, 2010 | Holy Infant Credit Union | Gateway Metro Federal Credit Union |
| Aug 1, 2010 | Porter-Cable Employees Credit Union | Leaders Credit Union |
| Aug 1, 2010 | Dekalb Financial Credit Union | Beacon Credit Union |
| Aug 1, 2010 | A-K Valley Federal Credit Union | Clearview Federal Credit Union |
| Jul 31, 2010 | Sunrise Bank of Atlanta | Sunrise Bank |
| Jul 31, 2010 | Drexel & Morgan & Co. Ia | Drexel Morgan & Co. |
| Jul 31, 2010 | Town Center Bank | Independent Bank |
| Jul 31, 2010 | Dings Employees Credit Union | Summit Credit Union |
| Jul 31, 2010 | Central Ohio Teamsters Credit Union, Inc. | Ohio Teamsters Credit Union, Inc. |
| Jul 31, 2010 | Peoples State Bank | Sunrise Bank |
| Jul 31, 2010 | F C Holdings of Delaware, Inc. | F C Holdings, Inc. |
| Jul 24, 2010 | Byron Bank | Chemical Bank |
| Jul 24, 2010 | Bank of Dwight | Bank of Pontiac |
| Jul 21, 2010 | Hanchett Employees Credit Union | Wmcu |
| Jul 17, 2010 | Sterling Banks Inc | Roma Financial Corporation |
| Jul 17, 2010 | Sterling Bank | Roma Bank |
| Jul 17, 2010 | The Hoisington National Bank | Wilson State Bank |
| Jul 16, 2010 | Fairfield University Employees Federal Credit Union | America's First Network Credit Union |
| Jul 15, 2010 | Calibre Advisory Services, Inc. | Wells Fargo Bank, N.A. |
| Jul 7, 2010 | Pamrapo Bancorp, Inc. | BCB Bancorp, Inc. |
| Jul 7, 2010 | Pamrapo Savings Bank, SLA | BCB Community Bank |
| Jul 6, 2010 | Bank of Willits | Savings Bank of Mendocino County |
| Jul 2, 2010 | Columbus-Lowndes Educational Federal Credit Union | Triangle Federal Credit Union |
| Jul 1, 2010 | Trust One Bank | Synovus Bank |
| Jul 1, 2010 | Newcomer Employees Federal Credit Union | Derry Area Federal Credit Union |
The list holds 500 of the 502 mergers recorded for 2010.
Enforcement Actions in 2010
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Jan 20, 2010 | OCC | Golden Bank, N.A. | Formal Agreement: Golden Bank, National Association |
| Jan 20, 2010 | OCC | Independence Bancshares, Inc. | Formal Agreement: Independence National Bank |
| Jan 20, 2010 | OCC | Neighborhood National Bank | Formal Agreement: Neighborhood National Bank |
| Jan 20, 2010 | OCC_OTS | Charter Bank | Prompt Corrective Action: Charter Bank |
| Jan 19, 2010 | OCC | National Bank of Commerce | Formal Agreement: National Bank of Commerce |
| Jan 15, 2010 | FRB | Regions Bank | Section 19 Letters: Christina Smith |
| Jan 15, 2010 | OCC | Commercewest Bank | Formal Agreement: CommerceWest Bank, National Association |
| Jan 15, 2010 Released Jan 26, 2010 | FRB | Riverside Banking Company | Written Agreement: Riverside Banking Company, Fort Pierce, Florida |
| Jan 14, 2010 Released Jan 25, 2010 | FRB | Cornerstone Bancshares | Written Agreement: Cornerstone Bancshares, Overland Park, Kansas |
| Jan 14, 2010 | OCC | Flint River National Bank | Formal Agreement: Flint River National Bank |
| Jan 14, 2010 Released Jan 19, 2010 | FRB | The Trust Company of Virginia | Written Agreement: Bank of Virginia, Midlothian, Virginia |
| Jan 14, 2010 Released Jan 25, 2010 | FRB | (individual) | Written Agreement: Cornerstone Bank, Overland Park, Kansas |
| Jan 14, 2010 Released Jan 21, 2010 | FRB | Tamalpais Bancorp | Written Agreement: Tamalpais Bancorp, San Rafael, California |
| Jan 13, 2010 Released Jan 14, 2010 | FRB | Old Southern Bank | Prompt Corrective Action: Old Southern Bank, Orlando, Florida |
| Jan 8, 2010 | FRB | Suntrust Bank | Section 19 Letters: Douglas Calvin Powell, Jr. |
| Jan 8, 2010 | FRB | Regions Bank | Section 19 Letters: Scott Anthony Duane Harris |
| Jan 8, 2010 Released Jan 12, 2010 | FRB | (individual) | Written Agreement: The ShoreBank Corporation, Chicago, Illinois |
| Jan 7, 2010 | OCC | Commercial National Bank of Texarkana | Formal Agreement: Commercial National Bank of Texarkana |
| Jan 7, 2010 | OCC | First Trade Union Capital Trust I | Formal Agreement: First Trade Union Bank |
| Jan 7, 2010 | OCC_OTS | First Trade Union Capital Trust I | Supervisory Agreement: First Trade Union Bank |
| Jan 7, 2010 Released Jan 19, 2010 | FRB | (individual) | Written Agreement: Community Financial Holding Company, Duluth, Georgia |
| Jan 6, 2010 | OCC | Texas Republic Bank, N.A. | Civil Money Penalty (CMP): Tabor, W. Weldon |
| Jan 6, 2010 Released Jan 8, 2010 | FRB | North Valley Bancorp | Written Agreement: North Valley Bancorp, Redding, California; North Valley Bank, Redding, California |
| Jan 6, 2010 | OCC | Texas Republic Bank, N.A. | Civil Money Penalty (CMP): Sparkman, Van D. |
| Jan 5, 2010 | OCC | Palm Desert National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Palm Desert National Bank |
| Jan 5, 2010 Released Jan 12, 2010 | FRB | American Bank of Baxter Springs | Written Agreement: American Bank of Baxter Springs, Baxter Springs, Kansas |