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 |
|---|---|---|
| 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 |
|---|---|---|---|
| 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 |