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 |
|---|---|---|---|
| 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. |