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 |
|---|---|---|
| Apr 23, 2010 | AMCORE Bank, N.A. | $3.07B |
| Apr 23, 2010 | Broadway Bank | $1.06B |
| Apr 23, 2010 | New Century Bank | $447.2M |
| Apr 23, 2010 | Wheatland Bank | $441.7M |
| Apr 23, 2010 | Lincoln Park Savings Bank | $194.6M |
| Apr 23, 2010 | Peotone Bank and Trust Company | $130.2M |
| Apr 23, 2010 | Citizens Bank & Trust Company of Chicago | $73.5M |
| Apr 16, 2010 | Riverside National Bank of Florida | $3.39B |
| Apr 16, 2010 | City Bank | $981.9M |
| Apr 16, 2010 | Tamalpais Bank | $611.5M |
| Apr 16, 2010 | First Federal Bank of North Florida | $440.1M |
| Apr 16, 2010 | Innovative Bank | $266.8M |
| Apr 16, 2010 | Butler Bank | $245.5M |
| Apr 16, 2010 | Americanfirst Bank | $104.0M |
| Apr 16, 2010 | Lakeside Community Bank | $49.2M |
| Apr 9, 2010 | Beach First National Bank | $590.0M |
| Mar 26, 2010 | Desert Hills Bank | $496.6M |
| Mar 26, 2010 | McIntosh Commercial Bank | $363.4M |
| Mar 26, 2010 | Unity National Bank | $300.6M |
| Mar 26, 2010 | Key West Bank | $88.0M |
| Mar 19, 2010 | Advanta Bank Corp. | $1.53B |
| Mar 19, 2010 | Appalachian Community Bank | $1.01B |
| Mar 19, 2010 | Bank of Hiawassee | $377.8M |
| Mar 19, 2010 | First Lowndes Bank | $137.2M |
| Mar 19, 2010 | Century Security Bank | $96.5M |
| Mar 19, 2010 | American National Bank | $70.3M |
| Mar 19, 2010 | State Bank of Aurora | $28.2M |
| Mar 12, 2010 | The Park Avenue Bank | $520.1M |
| Mar 12, 2010 | Old Southern Bank | $336.4M |
| Mar 12, 2010 | Statewide Bank | $243.2M |
| Mar 11, 2010 | Libertypointe Bank | $216.5M |
| Mar 5, 2010 | Sun American Bank | $535.7M |
| Mar 5, 2010 | Centennial Bank | $212.8M |
| Mar 5, 2010 | Bank of Illinois | $211.7M |
| Mar 5, 2010 | Waterfield Bank | $155.6M |
| Feb 26, 2010 | Rainier Pacific Bank | $717.8M |
| Feb 26, 2010 | Carson River Community Bank | $51.1M |
| Feb 19, 2010 | La Jolla Bank, FSB | $3.65B |
| Feb 19, 2010 | George Washington Savings Bank | $413.7M |
| Feb 19, 2010 | Marco Community Bank | $119.6M |
| Feb 19, 2010 | The La Coste National Bank | $53.9M |
| Feb 5, 2010 | 1st American State Bank of Minnesota | $18.2M |
| Jan 29, 2010 | First Regional Bank | $2.08B |
| Jan 29, 2010 | Community Bank & Trust | $1.18B |
| Jan 29, 2010 | First National Bank of Georgia | $840.6M |
| Jan 29, 2010 | Florida Community Bank | $835.7M |
| Jan 29, 2010 | American Marine Bank | $329.2M |
| Jan 29, 2010 | Marshall Bank, N.A. | $58.6M |
| Jan 22, 2010 | Charter Bank | $1.20B |
| Jan 22, 2010 | Columbia River Bank | $955.1M |
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 |
|---|---|---|---|
| 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 |