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 |
|---|---|---|
| Mar 24, 2010 | (unnamed) | Sunrise Bank |
| Mar 22, 2010 | Elkhart Community Bank | Indiana Community Bank |
| Mar 20, 2010 | Wachovia Bank, N.A. | Wells Fargo Bank, N.A. |
| Mar 20, 2010 | (unnamed) | Atlantic Union Bank |
| Mar 20, 2010 | Wachovia Bank of Delaware, National Association | Wells Fargo Bank, N.A. |
| Mar 19, 2010 | Bramco Employees Federal Credit Union | Advanz Federal Credit Union |
| Mar 15, 2010 | Shelby Bancshares of Nevada, Inc. | Shelby Bancshares, Inc. |
| Mar 12, 2010 | Charter Ibhc, Inc. | Charter Bancshares, Inc. |
| Mar 5, 2010 | First State Bank, Jones, Oklahoma | BancFirst |
| Mar 5, 2010 | Madison Financial Corporation | Origin Bancorp, Inc. |
| Mar 4, 2010 | Public Service P D Employees Federal Credit Union | Public Service Federal Credit Union |
| Mar 3, 2010 | Louise Nevada Holdings, Inc. | Louise Bancshares, Inc. |
| Mar 3, 2010 | Andrews Delaware Financial Corporation | Andrews Bancshares, Inc. |
| Mar 1, 2010 | GCM Federal Credit Union | Unity One Credit Union |
| Mar 1, 2010 | Sta Rite Employees Credit Union | Blackhawk Community Credit Union |
| Mar 1, 2010 | I.T.T. G.C.-AEROSPACE Controls Federal Credit Union | Calcom Federal Credit Union |
| Mar 1, 2010 | S P C O Federal Credit Union | Spco Credit Union |
| Mar 1, 2010 | Community Banks of Northern California | Community Banks of Colorado |
| Mar 1, 2010 | I C G Community Credit Union | Credit Union 1 |
| Mar 1, 2010 | Members Choice Community Credit Union | Ascentra Credit Union |
| Mar 1, 2010 | Valleytrust Federal Credit Union | Puget Sound Cooperative Credit Union |
| Feb 28, 2010 | Miracle Faith Federal Credit Union | General Electric Employees Federal Credit Union |
| Feb 28, 2010 | Walsh County Bancorporation, Inc. | Koda Bancor, Inc. |
| Feb 28, 2010 | Bank of Minto | Kodabank |
| Feb 28, 2010 | Community Credit Union | Peak Credit Union |
| Feb 27, 2010 | Wallis Delaware Corporation | Wallis Bancshares, Inc. |
| Feb 27, 2010 | Deposit Insurance National Bank of Kaysville | (unnamed) |
| Feb 27, 2010 | New York National Bank | Hudson Valley Bank, N.A. |
| Feb 26, 2010 | Memphisfirst Corporation | Landmark Community Bank |
| Feb 26, 2010 | First State Bank of Thayer | Bank of Commerce |
| Feb 20, 2010 | Choteau Bancorporation, Inc. | Teton Bancshares, Inc. |
| Feb 20, 2010 | Bank of Tacoma | Bank of the Northwest |
| Feb 20, 2010 | Bank of Everett | Bank of the Northwest |
| Feb 20, 2010 | Bank of Bellevue | Bank of the Northwest |
| Feb 20, 2010 | The First National Bank of Fairfield | Teton Banks |
| Feb 19, 2010 | First Louisiana Bank | Origin Bank |
| Feb 13, 2010 | The Beverly National Bank | Danversbank |
| Feb 11, 2010 | S M H Federal Credit Union | Members Source Credit Union |
| Feb 2, 2010 | The First National Bank of Valentine | Security First Bank |
| Feb 1, 2010 | Bestwall Brunswick Federal Credit Union | Geovista Federal Credit Union |
| Feb 1, 2010 | Liberty Bank | Liberty Bank, F.S.B. |
| Feb 1, 2010 | Union Special Employees Credit Union | Alero Financial Credit Union |
| Feb 1, 2010 | Georgia Power Northeast Credit Union | Powerco Federal Credit Union |
| Feb 1, 2010 | Singer Employees Federal Credit Union | Jersey Central Federal Credit Union |
| Feb 1, 2010 | Industrial Federal Savings Bank | HomeTrust Bank |
| Feb 1, 2010 | Efe Federal Credit Union | Americo Federal Credit Union |
| Feb 1, 2010 | Coastal Georgia Federal Credit Union | Memorial Health Credit Union |
| Jan 30, 2010 | (unnamed) | Bank of Las Vegas |
| Jan 30, 2010 | Desert Community Bank | Bank of Las Vegas |
| Jan 30, 2010 | Red Rock Community Bank | Bank of Las Vegas |
The list holds 500 of the 502 mergers recorded for 2010.
Enforcement Actions in 2010
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Dec 10, 2010 | OCC | Atlantic Coast Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Atlantic Coast Bank |
| Dec 10, 2010 | OCC_OTS | Atlantic Coast Federal Corporation | Supervisory Agreement: Atlantic Coast Bank |
| Dec 9, 2010 Released Dec 14, 2010 | FRB | WestStar Financial Services Corporation | Written Agreement: Weststar Financial Services Corporation, Asheville, North Carolina |
| Dec 9, 2010 | OCC | Intervest Bancshares Corporation | Formal Agreement: Intervest National Bank |
| Dec 9, 2010 | OCC | First National Bank of Brookfield | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of Brookfield |
| Dec 9, 2010 | OCC_OTS | (individual) | Orders of Removal/Prohibition: Kristin Tara Boyett |
| Dec 8, 2010 | OCC | Queensborough National Bank & Trust Company | Formal Agreement: Queensborough National Bank & Trust Company |
| Dec 8, 2010 | OCC | The First National Bank of Wayne | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Wayne |
| Dec 7, 2010 | OCC | Bank of America, N.A. | Formal Agreement: Bank of America, National Association |
| Dec 6, 2010 | OCC_OTS | First Federal Bancorporation | Cease and Desist: First Federal Bancorporation |
| Dec 6, 2010 | OCC_OTS | Great River Holding Company | Cease and Desist: Great River Holding Company |
| Dec 6, 2010 | OCC_OTS | Riverwood Financial, Inc. | Cease and Desist: RiverWood Bank |
| Dec 6, 2010 | OCC_OTS | Riverwood Financial, Inc. | Cease and Desist: RiverWood Bank |
| Dec 6, 2010 | FRB | (individual) | Section 19 Letters: Case E. McCalla |
| Dec 6, 2010 | FRB | (individual) | Section 19 Letters: Cassandra Barkenquast |
| Dec 6, 2010 | FRB | (individual) | Section 19 Letters: Dwyane Roberts |
| Dec 6, 2010 | FRB | (individual) | Section 19 Letters: Jennifer Endres |
| Dec 6, 2010 | FRB | (individual) | Section 19 Letters: Julie Stetcher |
| Dec 6, 2010 | FRB | The Apple Creek Banking Company | Section 19 Letters: Michelle Patterson |
| Dec 6, 2010 Released Dec 7, 2010 | FRB | Bank of America Corporation | Written Agreement: Bank of America Corporation, Charlotte, North Carolina |
| Dec 6, 2010 Released Dec 9, 2010 | FRB | TCSB Bancorp, Inc. | Written Agreement: TCSB Bancorp, Inc., Traverse City, Michigan |
| Dec 6, 2010 | OCC | Riverwood Financial, Inc. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Riverwood Bank |
| Dec 2, 2010 Released Dec 7, 2010 | FRB | Lino Lakes Banc Shares, Inc. | Written Agreement: Lino Lakes Banc Shares, Inc., Forest Lake, Minnesota |
| Dec 1, 2010 Released Dec 7, 2010 | FRB | (individual) | Written Agreement: Village Bancshares, Inc., St. Francis, Minnesota |
| Nov 30, 2010 | OCC | First Southern National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Southern National Bank |
| Nov 30, 2010 | OCC | Aurora Bank FSB | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Aurora Bank FSB |
| Nov 30, 2010 | OCC_OTS | Green Aurora Trust | Amended Orders to Cease and Desist: Aurora Bank FSB |
| Nov 30, 2010 | OCC_OTS | Green Aurora Trust | Termination of Prompt Corrective Action: Aurora Bank, FSB |
| Nov 29, 2010 Released Dec 1, 2010 | FRB | (individual) | Written Agreement: First Community Bank, Glasgow, Montana |
| Nov 29, 2010 Released Dec 1, 2010 | FRB | Ridgestone Financial Services, Inc. | Written Agreement: Ridgestone Financial Services, Inc., Brookfield, Wisconsin |
| Nov 29, 2010 | OCC | JPMorgan Chase Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bryant, Kyle |
| Nov 29, 2010 Released Dec 1, 2010 | FRB | Oxford Financial Corporation | Written Agreement: Oxford Financial Corporation, Oak Brook, Illinois |
| Nov 26, 2010 | OCC_OTS | Monadnock Community Bank | Cease and Desist: Monadnock Community Bank |
| Nov 26, 2010 | OCC_OTS | Liberty Savings Bank, Federal Savings Bank | Amended Orders to Cease and Desist: Liberty Savings Bank, FSB |
| Nov 26, 2010 | OCC | Liberty Savings Bank, F.S.B. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Liberty Savings Bank, FSB |
| Nov 26, 2010 | OCC_OTS | Monadnock Bancorp, Inc. | Cease and Desist: Monadnock Bancorp, Inc. |
| Nov 26, 2010 | OCC | Monadnock Community Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Monadnock Community Bank |
| Nov 24, 2010 Released Dec 1, 2010 | FRB | (individual) | Written Agreement: First National Community Bancorp, Inc., Dunmore, Pennsylvania |
| Nov 24, 2010 Released Nov 30, 2010 | FRB | Southport Financial Corporation | Written Agreement: Southport Financial Corporation, Kenosha, Wisconsin |
| Nov 23, 2010 | OCC | Harrington Bank, FSB | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Harrington Bank, FSB |
| Nov 23, 2010 Released Nov 30, 2010 | FRB | (individual) | Written Agreement: First South Bancorp, Inc., Spartanburg, South Carolina |
| Nov 23, 2010 | OCC_OTS | Brookline Bancorp, Inc. | Orders of Removal/Prohibition: Jacqueline Saunders |
| Nov 23, 2010 | OCC_OTS | Harrington Bank, FSB | Cease and Desist: Harrington Bank, FSB |
| Nov 23, 2010 | OCC | Security Bank, N.A. | Civil Money Penalty (CMP): Kenney, Timothy |
| Nov 23, 2010 | OCC | Security Bank, N.A. | Civil Money Penalty (CMP): Harper, Floyd |
| Nov 23, 2010 | OCC | Security Bank, N.A. | Civil Money Penalty (CMP): Fernandez, Manuel |
| Nov 23, 2010 | OCC | Security Bank, N.A. | Civil Money Penalty (CMP): Diez, Robert |
| Nov 22, 2010 | FRB | First Missouri Bank and Trust Company of Creve Coeur | Section 19 Letters: Sue A. Weaver |
| Nov 22, 2010 Released Nov 30, 2010 | FRB | Harvest Bancorp, Inc. | Written Agreement: HarVest Bancorp, Inc., Gaithersburg, Maryland |
| Nov 19, 2010 | OCC_OTS | Commonwealth Savingshares Corporation | Cease and Desist: Commonwealth Savingshares Corporation |