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 |
|---|---|---|
| May 1, 2010 | The Farmers Bank | First State Bank Nebraska |
| May 1, 2010 | Alton Route Employees Credit Union | Prairieland Federal Credit Union |
| May 1, 2010 | A. L. Bratcher Federal Credit Union | Eco Credit Union |
| May 1, 2010 | Liberty Alliance Federal Credit Union | Members Heritage Credit Union Inc |
| May 1, 2010 | De Witt State Bank | First State Bank Nebraska |
| May 1, 2010 | Federal and State Inspectors Federal Credit Union | Members United Credit Union |
| May 1, 2010 | Saginaw Veterans Administration Hospital Federal Credit Union | Generations Family Federal Credit Union |
| May 1, 2010 | Lake County Schools Credit Union | Mountain River Credit Union |
| Apr 30, 2010 | P. R. K. Employees Federal Credit Union | Chrome Federal Credit Union |
| Apr 30, 2010 | American Bancshares, Inc. | Ida Grove Bancshares, Inc. |
| Apr 26, 2010 | The First National Bank of Akron | The Security National Bank of Sioux City, Iowa |
| Apr 24, 2010 | Central Bank | Iroquois Farmers State Bank |
| Apr 24, 2010 | F&M Bank-Iowa Central | Great Western Bank |
| Apr 17, 2010 | Iowa Bank | Fidelity Bank & Trust |
| Apr 17, 2010 | NBT-Nevada, Inc. | Horizon Bankshares, Inc. |
| Apr 10, 2010 | Community Bank Plymouth | KleinBank |
| Apr 10, 2010 | Harleysville National Corporation | First Niagara Financial Group, Inc. |
| Apr 10, 2010 | The Harleysville National Bank and Trust Company | First Niagara Bank, N.A. |
| Apr 10, 2010 | Wachovia Card Services, N.A. | Wells Fargo Bank, N.A. |
| Apr 10, 2010 | First Niagara Commercial Bank | First Niagara Bank, N.A. |
| Apr 8, 2010 | Harvard Savings, MHC | Harvard Savings Bank |
| Apr 8, 2010 | The First National Bank of Litchfield | Union Savings Bank |
| Apr 8, 2010 | Harvard Illinois Financial Corp. | Harvard Savings Bank |
| Apr 2, 2010 | Saint Boniface Parish Federal Credit Union | Connex Credit Union, Inc |
| Apr 2, 2010 | Timewell State Bank | Farmers State Bank & Trust Co. |
| Apr 1, 2010 | Ifa Employees Federal Credit Union | Mountain America Federal Credit Union |
| Apr 1, 2010 | Acs Securities Corp. | Johnson Financial Group, Inc. |
| Apr 1, 2010 | United Bank & Trust-Washtenaw | United Bank & Trust |
| Apr 1, 2010 | Allegiance Community Bank | Archer Bank |
| Apr 1, 2010 | American Bank, National Association | American Nation Bank |
| Apr 1, 2010 | Jones Dairy Farm Employees Credit Union | Fort Community Credit Union |
| Apr 1, 2010 | Education First Credit Union | Advia Credit Union |
| Apr 1, 2010 | School Employees Federal Credit Union | Vacationland Federal Credit Union |
| Apr 1, 2010 | Nuunion Credit Union | Lake Trust Credit Union |
| Apr 1, 2010 | Harvard State Bank | Cornerstone Bank |
| Apr 1, 2010 | First Edition Community Credit Union | Vantage West Credit Union |
| Apr 1, 2010 | Select Community Federal Credit Union | First Trust Credit Union |
| Apr 1, 2010 | The Times-Picayune Employees Federal Credit Union | New Orleans Firemens Federal Credit Union |
| Apr 1, 2010 | Farmers Union Federal Credit Union | Premier Members Federal Credit Union |
| Apr 1, 2010 | Bell Financial Community Credit Union | Illiana Financial Credit Union |
| Mar 31, 2010 | Bank of Auburn Hills | Talmer West Bank |
| Mar 31, 2010 | Paragon Bank & Trust | Talmer West Bank |
| Mar 31, 2010 | Bradford Onized Fcu | Bradford Area Federal Credit Union |
| Mar 30, 2010 | Infibank, N.A. | First National Bank of Omaha |
| Mar 27, 2010 | Specialty Federal Credit Union | Fort Financial Federal Credit Union |
| Mar 26, 2010 | First Sonora Delaware Bancshares, Inc. | First Sonora Bancshares, Inc. |
| Mar 26, 2010 | Madison County Bank | Origin Bank |
| Mar 26, 2010 | First Choice Community Bank 1874 | First Choice Community Bank |
| Mar 24, 2010 | Sunrise Bank Of San Diego | Sunrise Bank |
| Mar 24, 2010 | Sunrise Community Bank | Sunrise Bank |
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 |