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 |
|---|---|---|
| Jan 14, 2010 | Independent Bankers' Bank Bridge Bank, National Association | TIB, N.A. |
| Jan 13, 2010 | Oswego Hospital Federal Credit Union | Compass Federal Credit Union |
| Jan 8, 2010 | CountryBank USA | Scandia American Bank & Trust |
| Jan 7, 2010 | Oconee Credit Union | Pinnacle Credit Union |
| Jan 6, 2010 | Phillips County Self-Help Federal Credit Union | Telcoe Federal Credit Union |
| Jan 5, 2010 | Mt. Washington Co-operative Bank | East Boston Savings Bank |
| Jan 4, 2010 | Springfield Trust & Investment Company | Central Trust Company |
| Jan 1, 2010 | Stanley, Hunt, Dupree & Rhine, Inc. | Truist Bank |
| Jan 1, 2010 | First Live Oak Delaware Bancshares, Inc. | First Live Oak Bancshares, Inc. |
| Jan 1, 2010 | First Central Holdings, Inc. | FCT Bancshares, Inc. |
| Jan 1, 2010 | First Missouri Bancshares, Inc. | First Missouri Bancshares, Inc. |
| Jan 1, 2010 | Mountain High Community Federal Credit Union | America First Federal Credit Union |
| Jan 1, 2010 | Star Wealth Management | Star Financial Bank |
| Jan 1, 2010 | East Texas (Delaware) Holdings, Ltd. | East Texas Financial Corporation |
| Jan 1, 2010 | Jefferson Bancshares of Delaware, Inc. | Jefferson Bancshares, Inc. |
| Jan 1, 2010 | Banc One National Processing Corporation | JPMorgan Chase Bank, N.A. |
| Jan 1, 2010 | Kokua Federal Credit Union | Pearl Hawaii Federal Credit Union |
| Jan 1, 2010 | Florida Healthcare Credit Union | MY Healthcare Federal Credit Union |
| Jan 1, 2010 | Dickinson Educators Credit Union | Western Cooperative Credit Union |
| Jan 1, 2010 | Mid Michigan Family Credit Union | Copoco Community Credit Union |
| Jan 1, 2010 | Hillside Hospital Federal Credit Union | Northwell Health Federal Credit Union |
| Jan 1, 2010 | Community Choice Federal Credit Union | Financial Health Federal Credit Union |
| Jan 1, 2010 | City County Employees Federal Credit Union | Universal 1 Credit Union, Inc. |
| Jan 1, 2010 | Bank of Paxton | Pony Express Community Bank |
| Jan 1, 2010 | Yosemite Credit Union | Valley First Federal Credit Union |
| Jan 1, 2010 | Westworks Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Jan 1, 2010 | All Hans Credit Union | La Capitol Federal Credit Union |
| Jan 1, 2010 | Syracuse Federal Credit Union | The Summit Federal Credit Union |
| Jan 1, 2010 | Coastal Waters Federal Credit Union | Singing River Federal Credit Union |
| Jan 1, 2010 | Colorado United Credit Union | Premier Members Federal Credit Union |
| Jan 1, 2010 | Choice Federal Credit Union | Self-Help Credit Union |
| Jan 1, 2010 | Hinds Community College Credit Union | Mutual Federal Credit Union |
| Jan 1, 2010 | El Futuro Credit Union | Self-Help Federal Credit Union |
| Jan 1, 2010 | Salt Lake County Employees Credit Union | Mountain America Federal Credit Union |
| Jan 1, 2010 | East Bridgewater Savings Bank | Bluestone Bank |
| Jan 1, 2010 | Norco Credit Union | Ashland Credit Union |
| Jan 1, 2010 | America's Pride Federal Credit Union | United Consumers Credit Union |
| Jan 1, 2010 | Southeastern Wisconsin Catholic Credit Union | Educators Credit Union |
| Jan 1, 2010 | Webster Groves Municipal Employees Credit Union | Arsenal Credit Union |
| Jan 1, 2010 | Pinekraft Federal Credit Union | Pelican Credit Union |
| Jan 1, 2010 | New Castle Postal Employees Credit Union | First Choice Federal Credit Union |
| Jan 1, 2010 | West Virginia Arng Technicians Federal Credit Union | West Virginia National Guard Federal Credit Union |
| Jan 1, 2010 | Lij Employees Federal Credit Union | Northwell Health Federal Credit Union |
| Jan 1, 2010 | Tapke Asset Management LLC | The Bank of Kentucky, Inc. |
| Jan 1, 2010 | Nuestro Banco | Four Oaks Bank & Trust Company |
| Jan 1, 2010 | First United Bank Mortgage Company | First United Bank and Trust Company |
| Jan 1, 2010 | MVB Harrison Inc. | MVB Central, Inc. |
| Jan 1, 2010 | Texas Financial of Delaware, Inc. | Texas Bancshares Inc |
| Jan 1, 2010 | Hancock Bank of Florida | Hancock Whitney Bank |
| Jan 1, 2010 | Collinsville Savings Mutual Holding Company | Connecticut Mutual Holding Company |
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 |