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 |
|---|---|---|
| Jun 1, 2010 | Citizens First Bank | Synovus Bank |
| Jun 1, 2010 | United Community Credit Union | One Credit Union |
| Jun 1, 2010 | The National Bank of South Carolina | Synovus Bank |
| Jun 1, 2010 | United Savings Federal Credit Union | Self-Help Federal Credit Union |
| Jun 1, 2010 | Commercial Bank | Synovus Bank |
| Jun 1, 2010 | Coastal Bank and Trust of Florida | Synovus Bank |
| Jun 1, 2010 | Longs Peak Credit Union | Elevations Credit Union |
| Jun 1, 2010 | Community Bank and Trust of Southeast Alabama | Synovus Bank |
| Jun 1, 2010 | Texasone Community Credit Union | Primeway Federal Credit Union |
| Jun 1, 2010 | Signal Cement Workers Credit Union | Tennessee Valley Federal Credit Union |
| Jun 1, 2010 | The Coastal Bank of Georgia | Synovus Bank |
| Jun 1, 2010 | First Community Bank of Tifton | Synovus Bank |
| Jun 1, 2010 | Cohutta Banking Company | Synovus Bank |
| Jun 1, 2010 | Bryant Federal Credit Union | One Credit Union |
| Jun 1, 2010 | The First National Bank of Jasper | Synovus Bank |
| Jun 1, 2010 | Tallahassee State Bank | Synovus Bank |
| Jun 1, 2010 | Fort Worth Star Telegram Employees Federal Credit Union | EECU |
| Jun 1, 2010 | First Commercial Bank of Huntsville | Synovus Bank |
| Jun 1, 2010 | First State Bank and Trust Company of Valdosta | Synovus Bank |
| Jun 1, 2010 | CB&T Bank of East Alabama | Synovus Bank |
| Jun 1, 2010 | Secu Federal Credit Union | Numerica Credit Union |
| Jun 1, 2010 | First Commercial Bank | Synovus Bank |
| Jun 1, 2010 | CB&T Bank of Middle Georgia | Synovus Bank |
| Jun 1, 2010 | Citizens Credit Union | Lake Michigan Credit Union |
| Jun 1, 2010 | SB&T Bank | Synovus Bank |
| Jun 1, 2010 | Sea Island Bank | Synovus Bank |
| May 31, 2010 | Belger Employees Credit Union | Mazuma Credit Union |
| May 30, 2010 | Cam Federal Credit Union | America's Credit Union |
| May 29, 2010 | Carter County Federal Credit Union | Community 1st Federal Credit Union |
| May 22, 2010 | Credit Unions United | Azura Credit Union |
| May 18, 2010 | WTSB Delaware Bancorp, Inc. | WTSB Bancorp, Inc. |
| May 15, 2010 | Southern Bancorp Bank of Blytheville, National Association | Uplift Bank |
| May 15, 2010 | Mercedes Delaware Financial Corporation | TNB Bancshares, Inc. |
| May 15, 2010 | Mercedes Bancorp, Inc. | TNB Bancshares, Inc. |
| May 15, 2010 | Southern Bancorp Bank of Trumann | Uplift Bank |
| May 15, 2010 | Valley Bank | Frandsen Bank & Trust |
| May 13, 2010 | TBHC, Inc. | Cic Bancshares, Inc. |
| May 10, 2010 | Wells Fargo HSBC Trade Bank, N.A. | Wells Fargo Bank, N.A. |
| May 8, 2010 | Lawrenceburg Bank and Trust Company | United Bank & Capital Trust Company |
| May 8, 2010 | BankHaven | The First National Bank of Hutchinson |
| May 8, 2010 | The Black Earth State Bank | Lake Ridge Bank |
| May 3, 2010 | FLNB Shares, Inc. | First Liberty National Bancshares, Inc. |
| May 3, 2010 | Hot Springs Federal Federal Credit Union | Clearway Federal Credit Union |
| May 1, 2010 | Coca-Cola United Federal Credit Union | Avadian Credit Union |
| May 1, 2010 | VisionBank of Iowa | Visionbank of Iowa |
| May 1, 2010 | Prime Bank | Florida Bank of Commerce |
| May 1, 2010 | Napa Community Bank | Rabobank, N.A. |
| May 1, 2010 | O.A.K. Financial Corporation | TCF Financial Corporation |
| May 1, 2010 | Bethel GT Federal Credit Union | People's Alliance Federal Credit Union |
| May 1, 2010 | Carolina Family Federal Credit Union | Self-Help Credit Union |
The list holds 500 of the 502 mergers recorded for 2010.
Enforcement Actions in 2010
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Sep 17, 2010 | OCC | Universal Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Universal Bank |
| Sep 16, 2010 | OCC | Bankmeridian, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bankmeridian, National Association |
| Sep 16, 2010 | OCC | First Federal Savings and Loan Association of Independence | Formal Agreement: First FS&LA of Independence |
| Sep 16, 2010 Released Sep 22, 2010 | FRB | (individual) | Written Agreement: First State Bank of Warner, Warner, South Dakota |
| Sep 16, 2010 Released Sep 23, 2010 | FRB | Merchants Bancorp, Inc. | Written Agreement: Miners and Merchants Bancorp, Inc., Grundy, Virginia; Trupoint Bank, Grundy, Virginia |
| Sep 16, 2010 | OCC_OTS | First Independence Corporation | Supervisory Agreement: First Independence Corporation |
| Sep 16, 2010 | OCC_OTS | First Federal Savings and Loan Association of Independence | Supervisory Agreement: First Federal Savings and Loan Association of Independence |
| Sep 16, 2010 | OCC_OTS | Lydian Private Bank | Cease and Desist: Lydian Private Bank |
| Sep 15, 2010 Released Sep 20, 2010 | FRB | Trans Pacific Bancorp | Written Agreement: Trans Pacific Bancorp, San Francisco, California |
| Sep 15, 2010 | OCC | Texas Community Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Texas Community Bank, National Association |
| Sep 14, 2010 | FRB | Regions Bank | Section 19 Letters: Karla Fondren |
| Sep 14, 2010 | FRB | (individual) | Section 19 Letters: Robert Hofler |
| Sep 13, 2010 | OCC | North Georgia Bank | Formal Agreement: North Georgia National Bank |
| Sep 13, 2010 | OCC_OTS | TrustCo Bank | Civil Money Penalty: Trustco Bank |
| Sep 13, 2010 Released Sep 22, 2010 | FRB | TIB Financial Corp. | Written Agreement: TIB Financial Corporation, Naples, Florida |
| Sep 13, 2010 Released Sep 16, 2010 | FRB | State Bank Financial | Written Agreement: State Bank Financial, La Crosse, Wisconsin |
| Sep 13, 2010 | FRB | (individual) | Section 19 Letters: William G. Paul |
| Sep 13, 2010 | FRB | Regions Bank | Section 19 Letters: Roxana Quintero |
| Sep 10, 2010 | OCC | Sunshine Financial, Inc. | Formal Agreement: Sunshine Savings Bank |
| Sep 10, 2010 | OCC_OTS | Sunshine Financial, Inc. | Supervisory Agreement: Sunshine Savings Bank |
| Sep 9, 2010 Released May 31, 2016 | FRB | Broadway Financial Corporation | Cease and Desist Order: Broadway Financial Corporation, Los Angeles, California |
| Sep 9, 2010 | OCC | Broadway Financial Corporation | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Broadway Federal Bank, F.S.B. |
| Sep 9, 2010 | OCC | Republic Federal Bank, N.A. | Civil Money Penalty (CMP): Morera, Miguel |
| Sep 9, 2010 | OCC | The Camden National Bank | Formal Agreement: The Camden National Bank |
| Sep 9, 2010 | OCC_OTS | Broadway Financial Corporation | Cease and Desist: Broadway Federal Bank, f.s.b. |
| Sep 9, 2010 | OCC | Republic Federal Bank, N.A. | Prohibition/Removal Orders: Morera, Miguel |
| Sep 9, 2010 | OCC_OTS | Broadway Financial Corporation | Cease and Desist: Broadway Financial Corporation |
| Sep 8, 2010 | FRB | Allied Bank | Section 19 Letters: Heather Ritchey |
| Sep 7, 2010 Released Sep 14, 2010 | FRB | Butte State Company | Written Agreement: Butte State Company, Butte, Nebraska; Butte State Bank, Butte, Nebraska |
| Sep 7, 2010 Released Sep 14, 2010 | FRB | First Security Group, Inc. | Written Agreement: First Security Group, Inc., Chattanooga, Tennessee |
| Sep 7, 2010 | OCC | Frost Bank | Prohibition/Removal Orders: Guerra, Veronica D. |
| Sep 3, 2010 Released Sep 9, 2010 | FRB | First Community Holding Company | Written Agreement: First Community Holding Company, Hammond, Louisiana |
| Sep 2, 2010 | OCC | Pacific Capital Bancorp | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Pacific Capital Bank, National Association |
| Sep 1, 2010 | OCC | Florida Capital Bank, N.A. | Capital Directive: Florida Capital Bank, National Association |
| Sep 1, 2010 | OCC | First National Community Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Community Bank |
| Aug 31, 2010 Released Sep 7, 2010 | FRB | Mountain West Financial Corp. | Written Agreement: Mountain West Financial Corp., Helena, Montana |
| Aug 31, 2010 Released Sep 7, 2010 | FRB | Bank of the Eastern Shore | Written Agreement: Bank of the Eastern Shore, Cambridge, Maryland |
| Aug 31, 2010 | OCC | AnchorBank, FSB | Prompt Corrective Action (PCA) Directive: Anchorbank,fsb |
| Aug 31, 2010 | OCC | Lafayette Savings Bank | Formal Agreement: Lafayette Savings Bank, F.S.B. |
| Aug 31, 2010 | OCC_OTS | Anchor Bancorp Wisconsin, Inc. | Prompt Corrective Action: Anchor Bank, fsb |
| Aug 31, 2010 | OCC_OTS | Lafayette Savings Bank | Supervisory Agreement: Lafayette Savings Bank, F.S.B. |
| Aug 31, 2010 | OCC_OTS | Lafayette Savings Bank | Termination of Supervisory Agreement: Lafayette Savings Bank, F.S.B. |
| Aug 31, 2010 Released Sep 16, 2010 | FRB | South Group Bancshares, Inc. | Written Agreement: South Group Bancshares, Inc., Glennville, Georgia |
| Aug 31, 2010 Released Sep 7, 2010 | FRB | Pacific Mercantile Bancorp | Written Agreement: Pacific Mercantile Bancorp, Costa Mesa, California; Pacific Mercantile Bank, Costa Mesa, California |
| Aug 30, 2010 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Wheeler, Eric |
| Aug 30, 2010 | OCC | JPMorgan Chase Bank, N.A. | Civil Money Penalty (CMP): Nelson, Brett |
| Aug 30, 2010 | OCC | JPMorgan Chase Bank, N.A. | Civil Money Penalty (CMP): Wheeler, Eric |
| Aug 30, 2010 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Carlson, James Chanse |
| Aug 30, 2010 | OCC | JPMorgan Chase Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Nelson, Brett |
| Aug 30, 2010 | OCC_OTS | Hull Federal Savings Bank | Supervisory Agreement: Hull Federal Savings Bank |