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 |
|---|---|---|
| Jan 14, 2010 | Independent Bankers' Bank Bridge Bank, National Association | TIB, N.A. |
| Jan 13, 2010 | Oswego Hospital Federal Credit Union | Compass Federal Credit Union |
| Jan 8, 2010 | CountryBank USA | Scandia American Bank & Trust |
| Jan 7, 2010 | Oconee Credit Union | Pinnacle Credit Union |
| Jan 6, 2010 | Phillips County Self-Help Federal Credit Union | Telcoe Federal Credit Union |
| Jan 5, 2010 | Mt. Washington Co-operative Bank | East Boston Savings Bank |
| Jan 4, 2010 | Springfield Trust & Investment Company | Central Trust Company |
| Jan 1, 2010 | Stanley, Hunt, Dupree & Rhine, Inc. | Truist Bank |
| Jan 1, 2010 | First Live Oak Delaware Bancshares, Inc. | First Live Oak Bancshares, Inc. |
| Jan 1, 2010 | First Central Holdings, Inc. | FCT Bancshares, Inc. |
| Jan 1, 2010 | First Missouri Bancshares, Inc. | First Missouri Bancshares, Inc. |
| Jan 1, 2010 | Mountain High Community Federal Credit Union | America First Federal Credit Union |
| Jan 1, 2010 | Star Wealth Management | Star Financial Bank |
| Jan 1, 2010 | East Texas (Delaware) Holdings, Ltd. | East Texas Financial Corporation |
| Jan 1, 2010 | Jefferson Bancshares of Delaware, Inc. | Jefferson Bancshares, Inc. |
| Jan 1, 2010 | Banc One National Processing Corporation | JPMorgan Chase Bank, N.A. |
| Jan 1, 2010 | Kokua Federal Credit Union | Pearl Hawaii Federal Credit Union |
| Jan 1, 2010 | Florida Healthcare Credit Union | MY Healthcare Federal Credit Union |
| Jan 1, 2010 | Dickinson Educators Credit Union | Western Cooperative Credit Union |
| Jan 1, 2010 | Mid Michigan Family Credit Union | Copoco Community Credit Union |
| Jan 1, 2010 | Hillside Hospital Federal Credit Union | Northwell Health Federal Credit Union |
| Jan 1, 2010 | Community Choice Federal Credit Union | Financial Health Federal Credit Union |
| Jan 1, 2010 | City County Employees Federal Credit Union | Universal 1 Credit Union, Inc. |
| Jan 1, 2010 | Bank of Paxton | Pony Express Community Bank |
| Jan 1, 2010 | Yosemite Credit Union | Valley First Federal Credit Union |
| Jan 1, 2010 | Westworks Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Jan 1, 2010 | All Hans Credit Union | La Capitol Federal Credit Union |
| Jan 1, 2010 | Syracuse Federal Credit Union | The Summit Federal Credit Union |
| Jan 1, 2010 | Coastal Waters Federal Credit Union | Singing River Federal Credit Union |
| Jan 1, 2010 | Colorado United Credit Union | Premier Members Federal Credit Union |
| Jan 1, 2010 | Choice Federal Credit Union | Self-Help Credit Union |
| Jan 1, 2010 | Hinds Community College Credit Union | Mutual Federal Credit Union |
| Jan 1, 2010 | El Futuro Credit Union | Self-Help Federal Credit Union |
| Jan 1, 2010 | Salt Lake County Employees Credit Union | Mountain America Federal Credit Union |
| Jan 1, 2010 | East Bridgewater Savings Bank | Bluestone Bank |
| Jan 1, 2010 | Norco Credit Union | Ashland Credit Union |
| Jan 1, 2010 | America's Pride Federal Credit Union | United Consumers Credit Union |
| Jan 1, 2010 | Southeastern Wisconsin Catholic Credit Union | Educators Credit Union |
| Jan 1, 2010 | Webster Groves Municipal Employees Credit Union | Arsenal Credit Union |
| Jan 1, 2010 | Pinekraft Federal Credit Union | Pelican Credit Union |
| Jan 1, 2010 | New Castle Postal Employees Credit Union | First Choice Federal Credit Union |
| Jan 1, 2010 | West Virginia Arng Technicians Federal Credit Union | West Virginia National Guard Federal Credit Union |
| Jan 1, 2010 | Lij Employees Federal Credit Union | Northwell Health Federal Credit Union |
| Jan 1, 2010 | Tapke Asset Management LLC | The Bank of Kentucky, Inc. |
| Jan 1, 2010 | Nuestro Banco | Four Oaks Bank & Trust Company |
| Jan 1, 2010 | First United Bank Mortgage Company | First United Bank and Trust Company |
| Jan 1, 2010 | MVB Harrison Inc. | MVB Central, Inc. |
| Jan 1, 2010 | Texas Financial of Delaware, Inc. | Texas Bancshares Inc |
| Jan 1, 2010 | Hancock Bank of Florida | Hancock Whitney Bank |
| Jan 1, 2010 | Collinsville Savings Mutual Holding Company | Connecticut Mutual Holding Company |
The list holds 500 of the 502 mergers recorded for 2010.
Enforcement Actions in 2010
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Aug 27, 2010 | OCC | First Chester County Corporation | Formal Agreement: First National Bank of Chester County |
| Aug 27, 2010 | OCC_OTS | First Federal Savings and Loan Association of Wakeeney | Orders of Removal/Prohibition: Donald E. Mai, Jr. |
| Aug 27, 2010 Released Sep 2, 2010 | FRB | Oregon Community Bank & Trust | Written Agreement: Oregon Community Bank & Trust, Oregon, Wisconsin |
| Aug 27, 2010 Released Sep 2, 2010 | FRB | Osceola Bancorporation, Inc. | Written Agreement: Osceola Bancorporation, Inc., Osceola, Wisconsin |
| Aug 26, 2010 | OCC | (individual) | Formal Agreement: Nevada National Bank |
| Aug 26, 2010 Released Sep 2, 2010 | FRB | First National Bancorporation of Stoughton, Inc. | Written Agreement: First National Bancorporation of Stoughton, Inc., Stoughton, Wisconsin |
| Aug 26, 2010 | FRB | (individual) | Prohibition from Banking: James Buckley Saunders |
| Aug 26, 2010 Released Aug 31, 2010 | FRB | (individual) | Prompt Corrective Action: First Community Bank, Taos, New Mexico |
| Aug 26, 2010 | OCC | Ozark Heritage Bank N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Ozark Heritage Bank, National Association |
| Aug 26, 2010 Released Aug 30, 2010 | FRB | (individual) | Prompt Corrective Action: Sunrise Bank, Cocoa Beach, Florida |
| Aug 25, 2010 | OCC_OTS | Gibraltar Bank | Civil Money Penalty: Gibraltar Bank |
| Aug 25, 2010 | OCC_OTS | Gibraltar Bank | Supervisory Agreement: Gibraltar Bank |
| Aug 24, 2010 | OCC | American Bank, N.A. | Civil Money Penalty (CMP): Magnuson, Richard E. |
| Aug 24, 2010 | OCC_OTS | First Federal Savings and Loan Association of Kewanee | Supervisory Agreement: First Federal Savings and Loan Association of Kewanee |
| Aug 24, 2010 | OCC | American Bank, N.A. | Prohibition/Removal Orders: Magnuson, Richard E. |
| Aug 24, 2010 | OCC | First Federal Savings and Loan Association of Kewanee | Formal Agreement: First FS & LA of Kewanee |
| Aug 24, 2010 | OCC | (individual) | Formal Agreement: First National Bank |
| Aug 20, 2010 Released Nov 7, 2013 | FRB | Highland Bancshares, Inc. | Written Agreement: Highland Bancshares, Inc., St. Michael, Minnesota |
| Aug 20, 2010 Released May 7, 2019 | FRB | (individual) | Written Agreement: First American Bancorp, Greenwood Village, Colorado |
| Aug 20, 2010 | OCC | American National Bank of Minnesota | Formal Agreement: American National Bank of Minnesota |
| Aug 20, 2010 | OCC_OTS | 1st Commonwealth Bank of Virginia | Supervisory Agreement: 1st Commonwealth Bank of Virginia |
| Aug 20, 2010 Released Aug 31, 2010 | FRB | First American State Bank | Written Agreement: First American State Bank, Greenwood Village, Colorado |
| Aug 19, 2010 Released Aug 26, 2010 | FRB | Csra Bank Corp. | Written Agreement: CSRA Bank Corp., Wrens, Georgia |
| Aug 19, 2010 Released Aug 30, 2010 | FRB | (individual) | Written Agreement: UCB Financial Group, Inc., Atlanta, Georgia |
| Aug 18, 2010 | OCC_OTS | (individual) | Prompt Corrective Action: Security Savings Bank, FSB |
| Aug 16, 2010 Released Aug 26, 2010 | FRB | First Bancshares, Inc., of Cold Spring | Written Agreement: First Bancshares, Inc., of Cold Spring, Cold Spring, Minnesota |
| Aug 16, 2010 Released May 15, 2018 | FRB | Barclays Bank PLC | Cease and Desist Order: Barclays Bank PLC, London, England; Barclays Bank PLC New York … |
| Aug 16, 2010 | FRB | (individual) | Section 19 Letters: Tinisha Shanet Snowden |
| Aug 16, 2010 | OCC | (individual) | Formal Agreement: The Peoples National Bank |
| Aug 13, 2010 | OCC_OTS | Fidelity Federal Bancorp | Supervisory Agreement: Fidelity Federal Bancorp |
| Aug 13, 2010 Released Aug 17, 2010 | FRB | Texas Star Bank | Civil Money Penalty, $3,850.00: Texas Star Bank, Van Alstyne, Texas |
| Aug 13, 2010 | OCC | First National Bank USA | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank USA |
| Aug 13, 2010 | OCC | Pna Parent, Inc. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): PNA Bank |
| Aug 13, 2010 | OCC | United Fidelity Bank, FSB | Formal Agreement: United Fidelity Bank, F.S.B. |
| Aug 13, 2010 | OCC_OTS | PNA Bank | Cease and Desist: PNA Bank |
| Aug 13, 2010 | OCC_OTS | Pedcor Financial Bancorp | Supervisory Agreement: Pedcor Financial Bancorp |
| Aug 13, 2010 | OCC_OTS | Pedcor Financial, LLC | Supervisory Agreement: Pedcor Financial, LLC |
| Aug 13, 2010 | OCC_OTS | United Fidelity Bank, FSB | Supervisory Agreement: United Fidelity Bank, F.S.B. |
| Aug 12, 2010 | OCC | Integra Bank N.A. | Capital Directive: Integra Bank National Association |
| Aug 12, 2010 | OCC | Texas Heritage National Bank | Formal Agreement: Texas Heritage National Bank |
| Aug 12, 2010 | OCC_OTS | Bank of St. Augustine | Civil Money Penalty: Bank of St. Augustine |
| Aug 11, 2010 Released Aug 16, 2010 | FRB | First Banking Center | Prompt Corrective Action: First Banking Center, Burlington, Wisconsin |
| Aug 11, 2010 | OCC_OTS | Ridge Farm State Bank | Orders of Removal/Prohibition: Richard Herrera |
| Aug 10, 2010 | OCC | The Slocomb National Bank | Formal Agreement: The Slocomb National Bank |
| Aug 9, 2010 | OCC_OTS | Home Savings Bank | Supervisory Agreement: Home Savings Bank |
| Aug 9, 2010 Released Aug 16, 2010 | FRB | Madison Financial Corporation | Written Agreement: Madison Financial Corporation, Richmond, Kentucky; Madison Bank, Richmond, Kentucky |
| Aug 9, 2010 Released Aug 12, 2010 | FRB | (individual) | Prompt Corrective Action: Paramount Bank, Farmington Hills, Michigan |
| Aug 9, 2010 Released Aug 19, 2010 | FRB | Battle Creek State Company, Inc. | Written Agreement: Battle Creek State Company, Inc., Battle Creek, Nebraska; Battle Creek State Bank, … |
| Aug 9, 2010 | OCC | Home Savings Bank | Formal Agreement: Home Savings Bank |
| Aug 6, 2010 | OCC_OTS | American Express Bank, FSB | Termination of Cease and Desist: American Express Bank, FSB |