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 |
|---|---|---|
| Jul 30, 2010 | The Cowlitz Bank | $489.0M |
| Jul 30, 2010 | Coastal Community Bank | $377.5M |
| Jul 30, 2010 | Northwest Bank & Trust | $160.8M |
| Jul 30, 2010 | Bayside Savings Bank | $64.3M |
| Jul 23, 2010 | Crescent Bank and Trust Company | $970.2M |
| Jul 23, 2010 | Sterling Bank | $355.0M |
| Jul 23, 2010 | Home Valley Bank | $250.5M |
| Jul 23, 2010 | Southwestusa Bank | $203.7M |
| Jul 23, 2010 | Williamsburg First National Bank | $130.4M |
| Jul 23, 2010 | Community Security Bank | $100.6M |
| Jul 23, 2010 | Thunder Bank | $28.2M |
| Jul 16, 2010 | First National Bank of the South | $619.4M |
| Jul 16, 2010 | Metro Bank of Dade County | $399.4M |
| Jul 16, 2010 | Woodlands Bank | $382.8M |
| Jul 16, 2010 | Turnberry Bank | $240.3M |
| Jul 16, 2010 | Olde Cypress Community Bank | $161.4M |
| Jul 16, 2010 | MainStreet Savings Bank, FSB | $96.6M |
| Jul 9, 2010 | Home National Bank | $585.4M |
| Jul 9, 2010 | Bay National Bank | $217.7M |
| Jul 9, 2010 | USA Bank | $190.7M |
| Jul 9, 2010 | Ideal Federal Savings Bank | $6.2M |
| Jun 25, 2010 | Peninsula Bank | $630.2M |
| Jun 25, 2010 | First National Bank | $252.5M |
| Jun 25, 2010 | High Desert State Bank | $80.3M |
| Jun 18, 2010 | Nevada Security Bank | $492.5M |
| Jun 11, 2010 | Washington First International Bank | $520.9M |
| Jun 4, 2010 | Tierone Bank | $2.82B |
| Jun 4, 2010 | First National Bank | $60.4M |
| Jun 4, 2010 | Arcola Homestead Savings Bank | $17.0M |
| May 28, 2010 | Bank of Florida - Southwest | $640.9M |
| May 28, 2010 | Bank of Florida - Southeast | $595.3M |
| May 28, 2010 | Sun West Bank | $360.7M |
| May 28, 2010 | Bank of Florida - Tampa Bay | $240.5M |
| May 28, 2010 | Granite Community Bank, N.A. | $102.9M |
| May 21, 2010 | Pinehurst Bank | $61.2M |
| May 14, 2010 | Midwest Bank and Trust Company | $3.17B |
| May 14, 2010 | Satilla Community Bank | $135.7M |
| May 14, 2010 | New Liberty Bank | $111.2M |
| May 14, 2010 | Southwest Community Bank | $100.7M |
| May 7, 2010 | 1st Pacific Bank of California | $335.8M |
| May 7, 2010 | The Bank of Bonifay | $242.9M |
| May 7, 2010 | Towne Bank of Arizona | $120.2M |
| May 7, 2010 | Access Bank | $32.0M |
| Apr 30, 2010 | Westernbank Puerto Rico | $10.80B |
| Apr 30, 2010 | R-G Premier Bank of Puerto Rico | $5.68B |
| Apr 30, 2010 | Frontier Bank | $3.25B |
| Apr 30, 2010 | Eurobank | $2.45B |
| Apr 30, 2010 | CF Bancorp | $1.60B |
| Apr 30, 2010 | Champion Bank | $195.5M |
| Apr 30, 2010 | BC National Banks | $52.2M |
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 |
|---|---|---|---|
| Nov 19, 2010 | OCC | Bank of Atlanta | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bank of Atlanta |
| Nov 19, 2010 | OCC | Southbank, Federal Savings Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Southbank, A Federal Savings Bank |
| Nov 19, 2010 | OCC | SouthBank, a Federal Savings Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Southbank, A Federal Savings Bank |
| Nov 19, 2010 | OCC | United Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): United Bank |
| Nov 19, 2010 | OCC | The First National Bank of Fleming | Formal Agreement: The First National Bank of Fleming |
| Nov 19, 2010 Released Nov 23, 2010 | FRB | Viking Financial Services Corporation | Written Agreement: Viking Financial Services Corporation, Seattle, Washington |
| Nov 19, 2010 | OCC_OTS | United Holding Company, Inc. | Cease and Desist: United Holding Company, Inc. |
| Nov 19, 2010 | OCC_OTS | United Bank | Cease and Desist: United Bank |
| Nov 19, 2010 | OCC_OTS | SouthBank, a Federal Savings Bank | Cease and Desist: SouthBank, a FSB |
| Nov 19, 2010 | OCC_OTS | Bank of Atlanta | Cease and Desist: Bank of Atlanta |
| Nov 19, 2010 | OCC_OTS | Southbank, Federal Savings Bank | Cease and Desist: SouthBank, A FSB |
| Nov 18, 2010 | OCC | Western Springs National Bank and Trust | Prompt Corrective Action (PCA) Directive: Western Springs National Bank and Trust |
| Nov 18, 2010 | OCC | OMNIBANK, National Association | Formal Agreement: Omnibank, National Association |
| Nov 18, 2010 | OCC_OTS | Lake Sunapee Financial Services Corp | Civil Money Penalty: Lake Sunapee Bank, FSB |
| Nov 17, 2010 | FRB | First Missouri Bank and Trust Company of Creve Coeur | Section 19 Letters: Robert G. Fletcher, Jr. |
| Nov 17, 2010 Released Nov 23, 2010 | FRB | Cadence Financial Corporation | Written Agreement: Cadence Financial Corporation, Starkville, Mississippi |
| Nov 17, 2010 Released Nov 23, 2010 | FRB | America's Community Bank | Written Agreement: America's Community Bank, Blue Springs, Missouri |
| Nov 16, 2010 | OCC_OTS | Anchor Savings and Loan Association | Orders of Removal/Prohibition: Donald P. Monson |
| Nov 16, 2010 Released Nov 18, 2010 | FRB | (individual) | Prompt Corrective Action: Legacy Bank, Milwaukee, Wisconsin |
| Nov 16, 2010 Released Nov 23, 2010 | FRB | Orient Bancorporation | Written Agreement: Orient Bancorporation, San Francisco, California; Bank of the Orient, San Francisco, California |
| Nov 16, 2010 | OCC_OTS | Sovereign Bancorp, Inc. | Orders of Removal/Prohibition: Nicholas Mulcahy |
| Nov 15, 2010 Released Nov 18, 2010 | FRB | Progressive Growth Corp. | Written Agreement: Progressive Growth Corp., Gaylord, Minnesota |
| Nov 15, 2010 | OCC | Algonquin State Bank | Prohibition/Removal Orders: Hopkins, Elaine J. |
| Nov 12, 2010 Released Nov 18, 2010 | FRB | Farmers State Bank of Montana | Written Agreement: Farmers State Bank, Victor, Montana |
| Nov 12, 2010 Released Feb 28, 2019 | FRB | FCB Financial Corp. | Written Agreement: FCB Financial Corp., Savannah, Georgia |
| Nov 12, 2010 | OCC_OTS | The Trust Company of Virginia | Cease and Desist: Trust Company of Virginia |
| Nov 10, 2010 | OCC_OTS | Middlesex Federal Savings, F.A. | Supervisory Agreement: Middlesex Federal Savings, F.A. |
| Nov 10, 2010 | OCC | Noble Bancshares, Inc. | Formal Agreement: Noble Bank & Trust, National Association |
| Nov 10, 2010 | OCC | Middlesex Federal Savings, F.A. | Formal Agreement: Middlesex Federal Savings, F.A. |
| Nov 9, 2010 | OCC_OTS | First Savings Corporation | Cease and Desist: First Federal Savings and Loan Association of Pekin |
| Nov 9, 2010 | OCC | The Headland National Bank | Formal Agreement: The Headland National Bank |
| Nov 9, 2010 | OCC | First Federal Bank, a FSB | Formal Agreement: First Federal Bank, A FSB |
| Nov 9, 2010 | OCC | First Citizens Bank of Polson, National Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Citizens Bank of Polson, National … |
| Nov 9, 2010 | OCC_OTS | Southeastern Financial, Inc. | Supervisory Agreement: Southeastern Financial, Inc. |
| Nov 9, 2010 | OCC_OTS | (individual) | Supervisory Agreement: First Federal Bank, F.S.B. |
| Nov 8, 2010 | FRB | The First Trust and Savings Bank of Watseka | Section 19 Letters: Dianne J. Freeman |
| Nov 8, 2010 | FRB | Independent Bank Corporation | Section 19 Letters: Amy L. Sanders |
| Nov 5, 2010 | OCC_OTS | United Community Financial Corporation | Amended Orders to Cease and Desist: United Community Financial Corp |
| Nov 5, 2010 | OCC | Metropolitan National Bank Mortgage Company LLC | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Metropolitan National Bank |
| Nov 4, 2010 Released Nov 9, 2010 | FRB | Cascade Financial Corporation | Written Agreement: Cascade Financial Corporation, Everett, Washington |
| Nov 4, 2010 Released Nov 16, 2010 | FRB | Fentura Financial, Inc. | Written Agreement: Fentura Financial, Inc., Fenton, Michigan |
| Nov 3, 2010 | OCC_OTS | Acacia Federal Savings Bank | Civil Money Penalty: Acacia Federal Savings Bank |
| Nov 2, 2010 | OCC_OTS | Eastern Savings Bank Federal Savings Bank | Civil Money Penalty: Eastern Savings Bank |
| Nov 2, 2010 | OCC_OTS | Superior Bank | Cease and Desist: Superior Bancorp |
| Nov 2, 2010 Released Nov 9, 2010 | FRB | Bank of Choice Holding Company | Written Agreement: Bank of Choice Holding Company, Greeley, Colorado |
| Nov 2, 2010 | OCC | The First National Bank of Milaca | Formal Agreement: The First National Bank of Milaca |
| Nov 2, 2010 | OCC_OTS | Superior Bank | Cease and Desist: Superior Bank |
| Nov 1, 2010 | OCC | The First National Bank of Platteville | Civil Money Penalty (CMP): Klein, James L. |
| Nov 1, 2010 Released Nov 16, 2010 | FRB | First Personal Financial Corp. | Written Agreement: First Personal Financial Corp., Orland Park, Illinois |
| Nov 1, 2010 | OCC | The First National Bank of Platteville | Prohibition/Removal Orders: Klein, James L. |