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 |
|---|---|---|
| Jul 1, 2010 | The Farmers and Merchants State Bank | The Riley State Bank of Riley Kansas |
| Jul 1, 2010 | All City Credit Union | Northwest Plus Credit Union |
| Jul 1, 2010 | Lafayette Teachers & Employees Federal Credit Union | Meritus Federal Credit Union |
| Jul 1, 2010 | First Keystone Bank | The Bryn Mawr Trust Company |
| Jul 1, 2010 | Reco Credit Union | 1st Midamerica Credit Union |
| Jul 1, 2010 | Putnam Federal Credit Union | Hudson Valley Federal Credit Union |
| Jul 1, 2010 | Southwest Bank, An M&I Bank | M&I Marshall and Ilsley Bank |
| Jul 1, 2010 | Southeast Community Credit Union | River City Federal Credit Union |
| Jul 1, 2010 | Decatur Firemens Credit Union | United Equity Credit Union |
| Jul 1, 2010 | State Central Credit Union | Summit Credit Union |
| Jul 1, 2010 | Croydon Savings Bank | Fidelity Savings & Loan Association of Bucks County |
| Jul 1, 2010 | First Delta Federal Credit Union | Shreveport Federal Credit Union |
| Jul 1, 2010 | PPG Paint Research Federal Credit Union | PPG & Associates Federal Credit Union |
| Jul 1, 2010 | Hamden Federal Credit Union | Crosspoint Federal Credit Union |
| Jul 1, 2010 | Lake Charles Telco Credit Union | Pelican Credit Union |
| Jul 1, 2010 | Firstcom Bancorp, Inc. | Byline Bancorp, Inc. |
| Jul 1, 2010 | The Bank of Nashville | Synovus Bank |
| Jul 1, 2010 | Credit Suisse (International) Holding Ag | Credit Suisse Ag |
| Jul 1, 2010 | Rutgers University Student and Alumni Federal Credit Union | Affinity Federal Credit Union |
| Jul 1, 2010 | First Keystone Financial, Inc. | Bryn Mawr Bank Corporation |
| Jul 1, 2010 | First Midland Nevada Corp. | First Bancshares of Texas, Inc. |
| Jun 30, 2010 | Lancaster Pennsylvania Police Federal Credit Union | Lancaster Red Rose Credit Union |
| Jun 30, 2010 | Grupo Empresas Servicios Financieros | FirstBank Puerto Rico |
| Jun 30, 2010 | First Leasing and Rental Corp. | FirstBank Puerto Rico |
| Jun 30, 2010 | U W Trust Company | United Western Trust Company |
| Jun 30, 2010 | Orchard Valley Financial Corp. | First State Bank of Colorado |
| Jun 30, 2010 | Paonia Financial Services, Inc. | First State Bank of Colorado |
| Jun 30, 2010 | Paonia State Bank | First State Bank of Colorado |
| Jun 30, 2010 | Colorado Mountain Bank | First State Bank of Colorado |
| Jun 28, 2010 | Inficorp Holdings, Inc. | First National of Nebraska, Inc. |
| Jun 28, 2010 | Turnpike Credit Union | Mass Bay Credit Union |
| Jun 12, 2010 | Kramer Homes Federal Credit Union | Unity Credit Union |
| Jun 11, 2010 | Muskegon Teachers Credit Union | Best Financial Credit Union |
| Jun 8, 2010 | SWNB Nevada Corporation | SWNB Bancorp, Inc. |
| Jun 5, 2010 | Medina Valley State Bank | Security State Bank |
| Jun 1, 2010 | Wausau City Employees Credit Union | Connexus Credit Union |
| Jun 1, 2010 | Synovus Bank of Jacksonville | Synovus Bank |
| Jun 1, 2010 | Jefferson Community Development Federal Credit Union | Coosa Pines Federal Credit Union |
| Jun 1, 2010 | Synovus Bank | Synovus Bank |
| Jun 1, 2010 | Progressive Neighborhood Federal Credit Union | Visions Federal Credit Union |
| Jun 1, 2010 | Sterling Bank | Synovus Bank |
| Jun 1, 2010 | The Bank of Tuscaloosa | Synovus Bank |
| Jun 1, 2010 | Georgia Bank & Trust | Synovus Bank |
| Jun 1, 2010 | First Coast Community Bank | Synovus Bank |
| Jun 1, 2010 | Epworth Federal Credit Union | Market USA Federal Credit Union |
| Jun 1, 2010 | AFB&T | Synovus Bank |
| Jun 1, 2010 | Commercial Bank & Trust Company of Troup County | Synovus Bank |
| Jun 1, 2010 | Bank of North Georgia | Synovus Bank |
| Jun 1, 2010 | Bank of Coweta | Synovus Bank |
| Jun 1, 2010 | Niagara Pasny Federal Credit Union | Niagara's Choice 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 |