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 |
|---|---|---|
| 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 1, 2010 Released Nov 16, 2010 | FRB | Valley Community Bancorp, Inc. | Written Agreement: Valley Community Bancorp, Inc., St. Charles, Illinois |
| Nov 1, 2010 Released Nov 4, 2010 | FRB | Hometown of Homestead Banking Company | Written Agreement: Hometown of Homestead Banking Company, Homestead, Florida |
| Nov 1, 2010 Released Nov 9, 2010 | FRB | Crete Bancorporation, Inc. | Written Agreement: Crete Bancorporation, Inc., Crete, Illinois |
| Oct 29, 2010 Released Nov 2, 2010 | FRB | Northern California Bancorp, Inc. | Written Agreement: Northern California Bancorp, Inc., Monterey, California |
| Oct 29, 2010 | OCC_OTS | Imperial Savings and Loan Association | Civil Money Penalty: Robert A. Williams |
| Oct 29, 2010 | OCC_OTS | Imperial Savings and Loan Association | Civil Money Penalty: Michael C. Scales |
| Oct 28, 2010 | OCC_OTS | Flagstar Bancorp, Inc. | Orders of Removal/Prohibition: Victor D. Guerrero |
| Oct 28, 2010 | OCC_OTS | Graham Savings and Loan Association, F.A. | Orders of Removal/Prohibition: Tonja Thompson |
| Oct 28, 2010 | OCC_OTS | Ridge Farm State Bank | Orders of Removal/Prohibition: Thomas E. Smith |
| Oct 28, 2010 | OCC_OTS | Sovereign Bancorp, Inc. | Orders of Removal/Prohibition: Patricia Ann Greenburg |
| Oct 28, 2010 | OCC_OTS | Imperial Savings and Loan Association | Civil Money Penalty: Simone H. Redd |
| Oct 28, 2010 | OCC_OTS | Imperial Savings and Loan Association | Civil Money Penalty: Lewis Hairston |
| Oct 28, 2010 | OCC_OTS | Imperial Savings and Loan Association | Civil Money Penalty: James C. McKay |
| Oct 28, 2010 | OCC_OTS | Imperial Savings and Loan Association | Civil Money Penalty: Irvin D. Hairston |
| Oct 28, 2010 | OCC_OTS | Imperial Savings and Loan Association | Civil Money Penalty: Gloria Hodges Hylton |
| Oct 28, 2010 Released Nov 4, 2010 | FRB | 1st Brookfield, Inc. | Written Agreement: 1st Brookfield, Inc., Brookfield, Illinois |
| Oct 27, 2010 | OCC_OTS | Malvern Federal Mutual Holding Company | Supervisory Agreement: Malvern Federal Mutual Holding Co., Malvern Federal Bancorp, Inc. |
| Oct 27, 2010 | OCC | Fidelity Bank of Florida, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Fidelity Bank of Florida, National Association |
| Oct 27, 2010 | OCC | The Farmers and Merchants National Bank of Hatton | Civil Money Penalty (CMP): Just, Kenley |
| Oct 27, 2010 | OCC | Security Bank, N.A. | Civil Money Penalty (CMP): Connell, Harold |
| Oct 27, 2010 | OCC | The First National Bank of Mercersburg | Formal Agreement: The First National Bank of Mercersburg |
| Oct 27, 2010 | OCC | The Farmers and Merchants National Bank of Hatton | Civil Money Penalty (CMP): Schlanser, Fred |
| Oct 26, 2010 | OCC | Santa Clara Valley Bank, National Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Santa Clara Valley Bank, National Association |
| Oct 25, 2010 Released Oct 28, 2010 | FRB | First Commercial Bank of Florida | Prompt Corrective Action: First Commercial Bank of Florida, Orlando, Florida |
| Oct 25, 2010 | OCC_OTS | Malvern Federal Savings Bank | Supervisory Agreement: Malvern Federal Savings Bank |
| Oct 25, 2010 | OCC_OTS | Armstrong County Building and Loan Association | Civil Money Penalty: Armstrong County Building and Loan Association |
| Oct 25, 2010 | OCC | The Farmers and Merchants National Bank of Hatton | Civil Money Penalty (CMP): Kvalvog, Ray |
| Oct 25, 2010 | OCC | Malvern Federal Savings Bank | Formal Agreement: Malvern Federal Savings Bank |
| Oct 25, 2010 | OCC | The Suffolk County National Bank of Riverhead | Formal Agreement: The Suffolk County National Bank of Riverhead |
| Oct 21, 2010 | OCC_OTS | Bank of Maumee | Supervisory Agreement: Bank of Maumee |
| Oct 21, 2010 Released Oct 26, 2010 | FRB | (individual) | Written Agreement: FNB United Corp., Asheboro, North Carolina |
| Oct 21, 2010 | OCC | Resolute Bank | Formal Agreement: Bank of Maumee |
| Oct 21, 2010 | OCC | Empire Bancorp, Inc. | Formal Agreement: Empire National Bank |
| Oct 21, 2010 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Sonoran Bank, National Association |
| Oct 20, 2010 Released Oct 28, 2010 | FRB | (individual) | Written Agreement: Omega Capital Corp., Centennial, Colorado |
| Oct 20, 2010 Released Oct 26, 2010 | FRB | First Southwest Bancorporation, Inc. | Written Agreement: First Southwest Bancorporation, Inc., Alamosa, Colorado |
| Oct 19, 2010 Released Oct 28, 2010 | FRB | (individual) | Written Agreement: CCF Holding Company, Jonesboro, Georgia |
| Oct 19, 2010 | OCC_OTS | Ge Money Bank | Civil Money Penalty: GE Money Bank |
| Oct 15, 2010 | OCC_OTS | Gibraltar Private Bank & Trust Co. | Cease and Desist: Gibraltar Private Bank and Trust Company |
| Oct 15, 2010 | OCC | Gibraltar Private Bank & Trust Co. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Gibraltar Private Bank & Trust Co. |
| Oct 14, 2010 | OCC_OTS | Appalachian Community Bank | Prompt Corrective Action: Appalachian Community Bank, FSB |
| Oct 14, 2010 Released Oct 19, 2010 | FRB | Persons Banking Company | Written Agreement: Persons Banking Company, Inc., Macon, Georgia |
| Oct 13, 2010 | OCC | Canyon National Bank | Capital Directive: Canyon National Bank |
| Oct 13, 2010 | OCC | First National Bank of Central Florida | Capital Directive: First National Bank of Central Florida |
| Oct 13, 2010 Released Oct 19, 2010 | FRB | 1st Financial Services Corporation | Written Agreement: 1st Financial Services Corporation, Hendersonville, North Carolina |
| Oct 13, 2010 Released May 21, 2019 | FRB | Highlands Union Bank | Written Agreement: Highlands Bankshares, Inc., Abingdon, Virginia; Highlands Union Bank, Abingdon, Virginia |
| Oct 13, 2010 | OCC | The Wilber Corporation | Formal Agreement: Wilber National Bank |
| Oct 12, 2010 Released Oct 14, 2010 | FRB | Investors Financial Corporation of Pettis County, Inc. | Written Agreement: Investors Financial Corporation of Pettis County, Inc., Sedalia, Missouri |
| Oct 7, 2010 | OCC_OTS | RMG Capital Corporation | Supervisory Agreement: RMG Capital Corporation |
| Oct 7, 2010 | OCC | Woodforest National Bank | Civil Money Penalty (CMP): Woodforest National Bank |