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 |
|---|---|---|
| Dec 4, 2010 | The Christiana Bank and Trust Company | Wilmington Savings Fund Society, FSB |
| Dec 4, 2010 | Co-Op Employee Credit Union | Ascend Federal Credit Union |
| Dec 4, 2010 | Exchange Bank of Fairfax | Farmers State Bank |
| Dec 4, 2010 | The Bank of Currituck | TowneBank |
| Dec 1, 2010 | Members United Federal Credit Union | Purdue Federal Credit Union |
| Dec 1, 2010 | LSB Corporation | People's United Financial, Inc. |
| Dec 1, 2010 | Central Jersey Bancorp | Kearny Financial Corp. |
| Dec 1, 2010 | Central Jersey Bank, National Association | Kearny Bank |
| Dec 1, 2010 | Independent Mortgage Company | Independent Bank |
| Dec 1, 2010 | Dryades Savings Bank, F.S.B. | First NBC Bank |
| Dec 1, 2010 | Smithtown Bancorp, Inc. | People's United Financial, Inc. |
| Dec 1, 2010 | RiverBank | People's United Bank, National Association |
| Dec 1, 2010 | Elcome Federal Credit Union | Chiphone Federal Credit Union |
| Dec 1, 2010 | Mcas Beaufort Federal Credit Union | CPM Federal Credit Union |
| Dec 1, 2010 | Beaver County Post Office Employees Federal Credit Union | Freedom United Federal Credit Union |
| Dec 1, 2010 | Tripler Federal Credit Union | Pentagon Federal Credit Union |
| Dec 1, 2010 | Usp Marion Employees Federal Credit Union | Siu Credit Union |
| Dec 1, 2010 | Bank of Smithtown | People's United Bank, National Association |
| Dec 1, 2010 | Champaign County Employees Credit Union | University of Illinois Community Credit Union |
| Dec 1, 2010 | Civic Arts Plaza Federal Credit Union | Oceanair Federal Credit Union |
| Dec 1, 2010 | Georgia Peach Credit Union | The Southern Credit Union |
| Dec 1, 2010 | Synergy Eastex Federal Credit Union | East Texas Professional Credit Union |
| Dec 1, 2010 | American National Bank of Fremont | Pinnacle Bank |
| Dec 1, 2010 | Bath Catholic Federal Credit Union | People First Federal Credit Union |
| Nov 30, 2010 | Bankers Bank Card Services, Inc. | TIB, N.A. |
| Nov 30, 2010 | Avon Avenue Baptist Church Credit Union | Faith Community United Credit Union Inc. |
| Nov 30, 2010 | UBS Am Holdings (USA) Inc. | UBS Americas Inc. |
| Nov 24, 2010 | Electrical Products Employees Federal Credit Union | Bowater Employees Credit Union |
| Nov 17, 2010 | Lafollette First National Corporation | Community Trust Bancorp, Inc. |
| Nov 17, 2010 | Atlantic Bancgroup, Inc. | Jacksonville Bancorp, Inc. |
| Nov 17, 2010 | Oceanside Bank | The Jacksonville Bank |
| Nov 11, 2010 | Union Bank of Chandler | BancFirst |
| Nov 6, 2010 | Wells Fargo Retail Finance, LLC | Wells Fargo Bank, N.A. |
| Nov 3, 2010 | TD Oriskany Investments, LLC | TD Bank US Holding Company |
| Nov 1, 2010 | Word of Life Federal Credit Union | Aloha Pacific Federal Credit Union |
| Nov 1, 2010 | Prism Financial Corporation | RBC USA Holdco Corporation |
| Nov 1, 2010 | Sam Houston Financial Corp. | First Financial Bankshares of Delaware, Inc. |
| Nov 1, 2010 | RBC Capital Markets Holdings (USA) Inc. | RBC USA Holdco Corporation |
| Nov 1, 2010 | RBC Bancorporation (USA) | RBC USA Holdco Corporation |
| Nov 1, 2010 | Lake Worth City Employees Credit Union | Velocity Community Credit Union |
| Nov 1, 2010 | RBC Holdings (USA) Inc. | RBC USA Holdco Corporation |
| Nov 1, 2010 | Palo Alto Community Federal Credit Union | Monterra Credit Union |
| Nov 1, 2010 | Maple Heights School Employees Credit Union, Inc. | Emerald Credit Union, Inc. |
| Nov 1, 2010 | Capital Federal Credit Union | 167th TFR Federal Credit Union |
| Nov 1, 2010 | East Side Terminal Credit Union | Processors - Industrial Community Credit Union |
| Nov 1, 2010 | Big Valley Credit Union | American United Federal Credit Union |
| Nov 1, 2010 | Base Federal Credit Union | Chiphone Federal Credit Union |
| Nov 1, 2010 | Dixie Cup Employees Fcu | First Commonwealth Federal Credit Union |
| Nov 1, 2010 | Grant County Community Federal Credit Union | Via Credit Union |
| Nov 1, 2010 | Georgia State University Federal Credit Union | Georgia's Own 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 |