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 |
|---|---|---|
| Sep 1, 2010 | Prairie Trail Credit Union | Abri Credit Union |
| Sep 1, 2010 | First State Bank | Citizens & Northern Bank |
| Sep 1, 2010 | U.S. Benefits, Inc. | Arrow Bank N.A. |
| Sep 1, 2010 | Table Rock Federal Credit Union | Service 1 Federal Credit Union |
| Sep 1, 2010 | Community State Bancshares, Inc. | Allcorp Inc |
| Sep 1, 2010 | Hum Federal Credit Union | Democracy Federal Credit Union |
| Sep 1, 2010 | Otsego Paperworkers Credit Union | Honor Credit Union dba Honor Investment Services |
| Sep 1, 2010 | 1st Northwest Federal Credit Union | First Northern Credit Union |
| Sep 1, 2010 | City-County Federal Credit Union | Wings Financial Credit Union |
| Aug 31, 2010 | Isb Delaware Holdings, Inc. | Isb Holdings, Inc. |
| Aug 31, 2010 | First State Federal Credit Union | American Spirit Federal Credit Union |
| Aug 30, 2010 | MC Bancshares of Delaware, Inc. | Metrocorp Bancshares, Inc. |
| Aug 26, 2010 | Central Bancshares, Inc. | Central Bancorp, Inc. |
| Aug 21, 2010 | Wells Fargo Education Finance Inc. | Wells Fargo Bank, N.A. |
| Aug 20, 2010 | Community Trust Bank of Texas | Origin Bank |
| Aug 14, 2010 | TSB Financial, Inc. | Hometown Community Bancorp, Inc. |
| Aug 14, 2010 | Tremont Savings Bank | Morton Community Bank |
| Aug 13, 2010 | Home State Bank | Bank of Commerce |
| Aug 9, 2010 | Transatlantic Bank | Sabadell United Bank, National Association |
| Aug 3, 2010 | Golf Savings Bank | Sterling Savings Bank |
| Aug 2, 2010 | Best of Iowa Community Credit Union | Greenstate Credit Union |
| Aug 1, 2010 | Renton Community Credit Union | Peak Credit Union |
| Aug 1, 2010 | Highgrove Community Federal Credit Union | Wings Financial Credit Union |
| Aug 1, 2010 | V-R Employees Credit Association Federal Credit Union | Bragg Mutual Federal Credit Union |
| Aug 1, 2010 | Postal Credit Union of Northern California | F3 Credit Union |
| Aug 1, 2010 | Holy Infant Credit Union | Gateway Metro Federal Credit Union |
| Aug 1, 2010 | Porter-Cable Employees Credit Union | Leaders Credit Union |
| Aug 1, 2010 | Dekalb Financial Credit Union | Beacon Credit Union |
| Aug 1, 2010 | A-K Valley Federal Credit Union | Clearview Federal Credit Union |
| Jul 31, 2010 | Sunrise Bank of Atlanta | Sunrise Bank |
| Jul 31, 2010 | Drexel & Morgan & Co. Ia | Drexel Morgan & Co. |
| Jul 31, 2010 | Town Center Bank | Independent Bank |
| Jul 31, 2010 | Dings Employees Credit Union | Summit Credit Union |
| Jul 31, 2010 | Central Ohio Teamsters Credit Union, Inc. | Ohio Teamsters Credit Union, Inc. |
| Jul 31, 2010 | Peoples State Bank | Sunrise Bank |
| Jul 31, 2010 | F C Holdings of Delaware, Inc. | F C Holdings, Inc. |
| Jul 24, 2010 | Byron Bank | Chemical Bank |
| Jul 24, 2010 | Bank of Dwight | Bank of Pontiac |
| Jul 21, 2010 | Hanchett Employees Credit Union | Wmcu |
| Jul 17, 2010 | Sterling Banks Inc | Roma Financial Corporation |
| Jul 17, 2010 | Sterling Bank | Roma Bank |
| Jul 17, 2010 | The Hoisington National Bank | Wilson State Bank |
| Jul 16, 2010 | Fairfield University Employees Federal Credit Union | America's First Network Credit Union |
| Jul 15, 2010 | Calibre Advisory Services, Inc. | Wells Fargo Bank, N.A. |
| Jul 7, 2010 | Pamrapo Bancorp, Inc. | BCB Bancorp, Inc. |
| Jul 7, 2010 | Pamrapo Savings Bank, SLA | BCB Community Bank |
| Jul 6, 2010 | Bank of Willits | Savings Bank of Mendocino County |
| Jul 2, 2010 | Columbus-Lowndes Educational Federal Credit Union | Triangle Federal Credit Union |
| Jul 1, 2010 | Trust One Bank | Synovus Bank |
| Jul 1, 2010 | Newcomer Employees Federal Credit Union | Derry Area 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 |