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 |
|---|---|---|
| Apr 23, 2010 | AMCORE Bank, N.A. | $3.07B |
| Apr 23, 2010 | Broadway Bank | $1.06B |
| Apr 23, 2010 | New Century Bank | $447.2M |
| Apr 23, 2010 | Wheatland Bank | $441.7M |
| Apr 23, 2010 | Lincoln Park Savings Bank | $194.6M |
| Apr 23, 2010 | Peotone Bank and Trust Company | $130.2M |
| Apr 23, 2010 | Citizens Bank & Trust Company of Chicago | $73.5M |
| Apr 16, 2010 | Riverside National Bank of Florida | $3.39B |
| Apr 16, 2010 | City Bank | $981.9M |
| Apr 16, 2010 | Tamalpais Bank | $611.5M |
| Apr 16, 2010 | First Federal Bank of North Florida | $440.1M |
| Apr 16, 2010 | Innovative Bank | $266.8M |
| Apr 16, 2010 | Butler Bank | $245.5M |
| Apr 16, 2010 | Americanfirst Bank | $104.0M |
| Apr 16, 2010 | Lakeside Community Bank | $49.2M |
| Apr 9, 2010 | Beach First National Bank | $590.0M |
| Mar 26, 2010 | Desert Hills Bank | $496.6M |
| Mar 26, 2010 | McIntosh Commercial Bank | $363.4M |
| Mar 26, 2010 | Unity National Bank | $300.6M |
| Mar 26, 2010 | Key West Bank | $88.0M |
| Mar 19, 2010 | Advanta Bank Corp. | $1.53B |
| Mar 19, 2010 | Appalachian Community Bank | $1.01B |
| Mar 19, 2010 | Bank of Hiawassee | $377.8M |
| Mar 19, 2010 | First Lowndes Bank | $137.2M |
| Mar 19, 2010 | Century Security Bank | $96.5M |
| Mar 19, 2010 | American National Bank | $70.3M |
| Mar 19, 2010 | State Bank of Aurora | $28.2M |
| Mar 12, 2010 | The Park Avenue Bank | $520.1M |
| Mar 12, 2010 | Old Southern Bank | $336.4M |
| Mar 12, 2010 | Statewide Bank | $243.2M |
| Mar 11, 2010 | Libertypointe Bank | $216.5M |
| Mar 5, 2010 | Sun American Bank | $535.7M |
| Mar 5, 2010 | Centennial Bank | $212.8M |
| Mar 5, 2010 | Bank of Illinois | $211.7M |
| Mar 5, 2010 | Waterfield Bank | $155.6M |
| Feb 26, 2010 | Rainier Pacific Bank | $717.8M |
| Feb 26, 2010 | Carson River Community Bank | $51.1M |
| Feb 19, 2010 | La Jolla Bank, FSB | $3.65B |
| Feb 19, 2010 | George Washington Savings Bank | $413.7M |
| Feb 19, 2010 | Marco Community Bank | $119.6M |
| Feb 19, 2010 | The La Coste National Bank | $53.9M |
| Feb 5, 2010 | 1st American State Bank of Minnesota | $18.2M |
| Jan 29, 2010 | First Regional Bank | $2.08B |
| Jan 29, 2010 | Community Bank & Trust | $1.18B |
| Jan 29, 2010 | First National Bank of Georgia | $840.6M |
| Jan 29, 2010 | Florida Community Bank | $835.7M |
| Jan 29, 2010 | American Marine Bank | $329.2M |
| Jan 29, 2010 | Marshall Bank, N.A. | $58.6M |
| Jan 22, 2010 | Charter Bank | $1.20B |
| Jan 22, 2010 | Columbia River Bank | $955.1M |
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 |
|---|---|---|---|
| Oct 7, 2010 | OCC | United Americas Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): United Americas Bank, National Association |
| Oct 7, 2010 | OCC_OTS | (individual) | Orders of Removal/Prohibition: Terri Egelston |
| Oct 7, 2010 | OCC_OTS | Fullerton Savings & Loan Association, A FS & LA | Supervisory Agreement: Fullerton Community Bank, FSB |
| Oct 6, 2010 | OCC_OTS | Prospect Financial Corporation | Supervisory Agreement: Prospect Financial Corporation |
| Oct 6, 2010 | OCC_OTS | HomeTrust Bank | Orders of Removal/Prohibition: Edward R. Pankowski |
| Oct 6, 2010 | OCC_OTS | Fort Lee Federal Savings Bank, FSB | Cease and Desist: Fort Lee Savings Bank, FSB |
| Oct 6, 2010 | OCC_OTS | Home Loan & Investment Association | Amended Orders to Cease and Desist: Home Loan Investment Bank, F.S.B. |
| Oct 6, 2010 | OCC | Woodforest National Bank | C&D or PC&D Requiring Restitution: Woodforest National Bank |
| Oct 6, 2010 | OCC | HSBC Bank USA, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): HSBC Bank USA, National Association |
| Oct 6, 2010 | OCC | Shoreham Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Home Loan Investment Bank, F.S.B. |
| Oct 6, 2010 | OCC | Woodforest National Bank | Formal Agreement: Woodforest National Bank |
| Oct 5, 2010 | OCC | First National Bank, Torrington | Civil Money Penalty (CMP): Prusia, Scott R. |
| Oct 5, 2010 | OCC | First National Bank, Torrington | Prohibition/Removal Orders: Prusia, Scott R. |
| Oct 5, 2010 Released Oct 14, 2010 | FRB | Gregg Bancshares, Inc. | Written Agreement: Gregg Bancshares, Inc., Springfield, Missouri |
| Oct 4, 2010 | FRB | Suntrust Bank | Section 19 Letters: Eslinda Sanchez |
| Oct 4, 2010 Released Aug 14, 2018 | FRB | HSBC North America Holdings Inc. | Cease and Desist Order: HSBC North America Holdings, Inc., New York, New York |
| Oct 4, 2010 Released Oct 7, 2010 | FRB | (individual) | Written Agreement: NexTier Incorporated, Butler, Pennsylvania |
| Oct 4, 2010 | OCC | JPMorgan Chase Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Chipman, Randy |
| Oct 4, 2010 | OCC | First National Bank South | Formal Agreement: First National Bank South |
| Oct 4, 2010 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Beckstrand, Timothy |
| Oct 1, 2010 | OCC_OTS | Citizens Community Federal | Orders of Removal/Prohibition: Kenneth Hamberger |
| Sep 30, 2010 Released Oct 7, 2010 | FRB | Valley Financial Corporation | Written Agreement: Valley Financial Corporation, Roanoke, Virginia; Valley Bank, Roanoke, Virginia |
| Sep 30, 2010 | OCC | San Antonio Bancshares, Inc. | Formal Agreement: San Antonio National Bank |
| Sep 30, 2010 Released Oct 5, 2010 | FRB | (individual) | Written Agreement: Financial Bancshares Company, Becker, Minnesota |
| Sep 29, 2010 | OCC | Wawel Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wawel Bank |
| Sep 29, 2010 | OCC_OTS | Wawel Bank | Cease and Desist: Wawel Savings Bank |
| Sep 28, 2010 | OCC_OTS | Brooklyn Federal Bancorp, Inc. | Supervisory Agreement: Brooklyn Federal Bancorp, Inc. |
| Sep 28, 2010 | FRB | AmSouth Bank | Section 19 Letters: Robert Jeffery Gish |
| Sep 28, 2010 | OCC_OTS | Alaska Pacific Bancshares, Inc. | Cease and Desist: Alaska Pacific Bancshares, Inc. |
| Sep 28, 2010 | OCC | Alaska Pacific Bancshares, Inc. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Alaska Pacific Bank |
| Sep 28, 2010 | OCC_OTS | Brooklyn Federal Savings Bank | Supervisory Agreement: Brooklyn Federal Savings Bank |
| Sep 28, 2010 | OCC_OTS | Alaska Pacific Bancshares, Inc. | Cease and Desist: Alaska Pacific Bank |
| Sep 27, 2010 Released Oct 5, 2010 | FRB | Homestar Financial Group, Inc. | Written Agreement: HomeStar Financial Group, Inc., Manteno, Illinois |
| Sep 24, 2010 | OCC_OTS | Diamond Bancorp, Inc. | Cease and Desist: Diamond Bancorp, Inc. |
| Sep 24, 2010 | OCC | Diamond Bancorp, Inc. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Diamond Bank, FSB |
| Sep 24, 2010 | OCC_OTS | Diamond Bancorp, Inc. | Cease and Desist: Diamond Bank |
| Sep 23, 2010 | OCC | The First National Bank of Eagle River | Formal Agreement: The First National Bank of Eagle River |
| Sep 23, 2010 Released Sep 29, 2010 | FRB | First Heritage Corporation | Written Agreement: First Heritage Corporation, Carthage, Mississippi |
| Sep 22, 2010 | OCC_OTS | First Arizona Savings, a Federal Savings Bank | Prompt Corrective Action: First Arizona Savings, FSB |
| Sep 21, 2010 Released Sep 27, 2010 | FRB | Monarch Community Bancorp, Inc | Written Agreement: Monarch Community Bancorp, Inc., Coldwater, Michigan |
| Sep 21, 2010 | FRB | Regions Bank | Section 19 Letters: Javier Marinas |
| Sep 21, 2010 | OCC | Old National Bank | Prohibition/Removal Orders: Tolle, Robert E. |
| Sep 21, 2010 | FRB | (individual) | Section 19 Letters: Melanie Cranford |
| Sep 20, 2010 Released Oct 5, 2010 | FRB | Neighborhood Bank Corporation | Written Agreement: Neighborhood Bank Corporation, Palatka, Florida |
| Sep 17, 2010 | OCC | First Texoma National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Texoma National Bank |
| Sep 17, 2010 Released Sep 23, 2010 | FRB | Landmark Bank of Florida | Prompt Corrective Action: LandMark Bank of Florida, Sarasota, Florida |
| Sep 17, 2010 | OCC_OTS | Universal Bank | Cease and Desist: Universal Bank |
| Sep 17, 2010 | OCC_OTS | Lydian Holding Company | Cease and Desist: Lydian Trust Company |
| Sep 17, 2010 | OCC_OTS | Universal Financial, Inc. | Cease and Desist: Universal Financial, Inc. |
| Sep 17, 2010 | OCC_OTS | Universal Bank | Termination of Cease and Desist: Universal Bank |