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 |
|---|---|---|
| Mar 24, 2010 | (unnamed) | Sunrise Bank |
| Mar 22, 2010 | Elkhart Community Bank | Indiana Community Bank |
| Mar 20, 2010 | Wachovia Bank, N.A. | Wells Fargo Bank, N.A. |
| Mar 20, 2010 | (unnamed) | Atlantic Union Bank |
| Mar 20, 2010 | Wachovia Bank of Delaware, National Association | Wells Fargo Bank, N.A. |
| Mar 19, 2010 | Bramco Employees Federal Credit Union | Advanz Federal Credit Union |
| Mar 15, 2010 | Shelby Bancshares of Nevada, Inc. | Shelby Bancshares, Inc. |
| Mar 12, 2010 | Charter Ibhc, Inc. | Charter Bancshares, Inc. |
| Mar 5, 2010 | First State Bank, Jones, Oklahoma | BancFirst |
| Mar 5, 2010 | Madison Financial Corporation | Origin Bancorp, Inc. |
| Mar 4, 2010 | Public Service P D Employees Federal Credit Union | Public Service Federal Credit Union |
| Mar 3, 2010 | Louise Nevada Holdings, Inc. | Louise Bancshares, Inc. |
| Mar 3, 2010 | Andrews Delaware Financial Corporation | Andrews Bancshares, Inc. |
| Mar 1, 2010 | GCM Federal Credit Union | Unity One Credit Union |
| Mar 1, 2010 | Sta Rite Employees Credit Union | Blackhawk Community Credit Union |
| Mar 1, 2010 | I.T.T. G.C.-AEROSPACE Controls Federal Credit Union | Calcom Federal Credit Union |
| Mar 1, 2010 | S P C O Federal Credit Union | Spco Credit Union |
| Mar 1, 2010 | Community Banks of Northern California | Community Banks of Colorado |
| Mar 1, 2010 | I C G Community Credit Union | Credit Union 1 |
| Mar 1, 2010 | Members Choice Community Credit Union | Ascentra Credit Union |
| Mar 1, 2010 | Valleytrust Federal Credit Union | Puget Sound Cooperative Credit Union |
| Feb 28, 2010 | Miracle Faith Federal Credit Union | General Electric Employees Federal Credit Union |
| Feb 28, 2010 | Walsh County Bancorporation, Inc. | Koda Bancor, Inc. |
| Feb 28, 2010 | Bank of Minto | Kodabank |
| Feb 28, 2010 | Community Credit Union | Peak Credit Union |
| Feb 27, 2010 | Wallis Delaware Corporation | Wallis Bancshares, Inc. |
| Feb 27, 2010 | Deposit Insurance National Bank of Kaysville | (unnamed) |
| Feb 27, 2010 | New York National Bank | Hudson Valley Bank, N.A. |
| Feb 26, 2010 | Memphisfirst Corporation | Landmark Community Bank |
| Feb 26, 2010 | First State Bank of Thayer | Bank of Commerce |
| Feb 20, 2010 | Choteau Bancorporation, Inc. | Teton Bancshares, Inc. |
| Feb 20, 2010 | Bank of Tacoma | Bank of the Northwest |
| Feb 20, 2010 | Bank of Everett | Bank of the Northwest |
| Feb 20, 2010 | Bank of Bellevue | Bank of the Northwest |
| Feb 20, 2010 | The First National Bank of Fairfield | Teton Banks |
| Feb 19, 2010 | First Louisiana Bank | Origin Bank |
| Feb 13, 2010 | The Beverly National Bank | Danversbank |
| Feb 11, 2010 | S M H Federal Credit Union | Members Source Credit Union |
| Feb 2, 2010 | The First National Bank of Valentine | Security First Bank |
| Feb 1, 2010 | Bestwall Brunswick Federal Credit Union | Geovista Federal Credit Union |
| Feb 1, 2010 | Liberty Bank | Liberty Bank, F.S.B. |
| Feb 1, 2010 | Union Special Employees Credit Union | Alero Financial Credit Union |
| Feb 1, 2010 | Georgia Power Northeast Credit Union | Powerco Federal Credit Union |
| Feb 1, 2010 | Singer Employees Federal Credit Union | Jersey Central Federal Credit Union |
| Feb 1, 2010 | Industrial Federal Savings Bank | HomeTrust Bank |
| Feb 1, 2010 | Efe Federal Credit Union | Americo Federal Credit Union |
| Feb 1, 2010 | Coastal Georgia Federal Credit Union | Memorial Health Credit Union |
| Jan 30, 2010 | (unnamed) | Bank of Las Vegas |
| Jan 30, 2010 | Desert Community Bank | Bank of Las Vegas |
| Jan 30, 2010 | Red Rock Community Bank | Bank of Las Vegas |
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 |