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 |
|---|---|---|
| Jan 22, 2010 | Evergreen Bank | $396.0M |
| Jan 22, 2010 | Premier American Bank | $299.2M |
| Jan 22, 2010 | Bank of Leeton | $20.1M |
| Jan 15, 2010 | Barnes Banking Company | $709.2M |
| Jan 15, 2010 | Town Community Bank and Trust | $70.8M |
| Jan 15, 2010 | St. Stephen State Bank | $22.9M |
| Jan 8, 2010 | Horizon Bank | $1.19B |
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 |
|---|---|---|
| Oct 1, 2010 | Focus One Community Credit Union | First City Credit Union |
| Oct 1, 2010 | The Stissing National Bank of Pine Plains | Bank of Millbrook |
| Oct 1, 2010 | Granite City Employees Federal Credit Union | School District No. 9 Credit Union |
| Oct 1, 2010 | Houlton Federal Credit Union | County Federal Credit Union the |
| Oct 1, 2010 | Partners Credit Union | Co-Op Credit Union |
| Oct 1, 2010 | Midwest Financial Credit Union | Dfcu Financial |
| Oct 1, 2010 | East Central Federal Credit Union | Hope Federal Credit Union |
| Oct 1, 2010 | Northwest Indiana Water Employees Federal Credit Union | Tech Credit Union |
| Oct 1, 2010 | Selective Federal Credit Union | Tri-Co Federal Credit Union |
| Oct 1, 2010 | BMT Financial Management | The Bryn Mawr Trust Company |
| Oct 1, 2010 | Metropolitan West Securities, LLC | Wells Fargo Bank, N.A. |
| Oct 1, 2010 | Merrill Lynch Commercial Finance Corp. | Bank of America, N.A. |
| Oct 1, 2010 | SNB Bancorp, Inc. | Millbrook Bank System, Inc. |
| Oct 1, 2010 | American National Bank | United Bank of Iowa |
| Oct 1, 2010 | Bay Gulf Credit Union | Midflorida Credit Union |
| Oct 1, 2010 | Chevron Southern Credit Union | Georgia's Own Credit Union |
| Oct 1, 2010 | The South Financial Group, Inc. | TD Bank US Holding Company |
| Oct 1, 2010 | Members United Credit Union | Winnebago Community Credit Union |
| Oct 1, 2010 | Medicredit Federal Credit Union | Hawaiiusa Federal Credit Union |
| Oct 1, 2010 | Manitowoc County Employees Credit Union | Community First Credit Union |
| Oct 1, 2010 | Carolina First Bank | TD Bank, N.A. |
| Oct 1, 2010 | (unnamed) | Farmers State Bank |
| Oct 1, 2010 | Kelly Federal Credit Union | Community Choice Credit Union |
| Oct 1, 2010 | Madison News Credit Union | Dane County Credit Union |
| Oct 1, 2010 | United Services of America Federal Credit Union | Navy Federal Credit Union |
| Oct 1, 2010 | Denver Water Department Credit Union | Partner Colorado Credit Union |
| Oct 1, 2010 | Comala Credit Union | Guardian Credit Union |
| Oct 1, 2010 | Food Marketing Federal Credit Union | Partners 1st Federal Credit Union |
| Sep 30, 2010 | First Bank | Independent Bank |
| Sep 30, 2010 | MoreBank | The Bank of Princeton |
| Sep 30, 2010 | Canisteo Valley Corporation | Citizens & Northern Corporation |
| Sep 30, 2010 | First National Bank of Kansas | First National Bank of Omaha |
| Sep 30, 2010 | Farmersville Bancshares, Inc. | Independent Bank Group, Inc. |
| Sep 30, 2010 | Santa Fe Springs City Employees Credit Union | Financial Partners Credit Union |
| Sep 30, 2010 | Castle Bank, National Association | First National Bank of Omaha |
| Sep 30, 2010 | Missouri United Methodist Credit Union | Interfaith Federal Credit Union |
| Sep 30, 2010 | First National Bank | First National Bank of Omaha |
| Sep 29, 2010 | First National of Colorado, Inc. | First National of Nebraska, Inc. |
| Sep 29, 2010 | First National of Illinois, Inc. | First National of Nebraska, Inc. |
| Sep 27, 2010 | Farmers & Merchants State Bank of Wayne | F&M Bank |
| Sep 27, 2010 | Dakota County State Bank | F&M Bank |
| Sep 25, 2010 | Anderson County Employees Federal Credit Union | Knoxville Teachers Federal Credit Union |
| Sep 21, 2010 | Shore Memorial Federal Credit Union | Nma Federal Credit Union |
| Sep 20, 2010 | Clear Creek National Bank | Evergreen National Bank |
| Sep 18, 2010 | First Merchants Trust Company, N.A. | First Merchants Bank |
| Sep 14, 2010 | Professional Capital, Inc. | Veritex Holdings, Inc. |
| Sep 14, 2010 | Industries Puerto Rico Federal Credit Union | Borinquen Community Federal Credit Union |
| Sep 11, 2010 | Planters & Merchants Bank | De Witt Bank and Trust Company |
| Sep 11, 2010 | First National Bank & Trust Company in Larned | Farmers Bank & Trust |
| Sep 8, 2010 | Members Choice Pa Fcu | Priority First 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 |