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 |
|---|---|---|
| Oct 1, 2010 | Focus One Community Credit Union | First City Credit Union |
| Oct 1, 2010 | The Stissing National Bank of Pine Plains | Bank of Millbrook |
| Oct 1, 2010 | Granite City Employees Federal Credit Union | School District No. 9 Credit Union |
| Oct 1, 2010 | Houlton Federal Credit Union | County Federal Credit Union the |
| Oct 1, 2010 | Partners Credit Union | Co-Op Credit Union |
| Oct 1, 2010 | Midwest Financial Credit Union | Dfcu Financial |
| Oct 1, 2010 | East Central Federal Credit Union | Hope Federal Credit Union |
| Oct 1, 2010 | Northwest Indiana Water Employees Federal Credit Union | Tech Credit Union |
| Oct 1, 2010 | Selective Federal Credit Union | Tri-Co Federal Credit Union |
| Oct 1, 2010 | BMT Financial Management | The Bryn Mawr Trust Company |
| Oct 1, 2010 | Metropolitan West Securities, LLC | Wells Fargo Bank, N.A. |
| Oct 1, 2010 | Merrill Lynch Commercial Finance Corp. | Bank of America, N.A. |
| Oct 1, 2010 | SNB Bancorp, Inc. | Millbrook Bank System, Inc. |
| Oct 1, 2010 | American National Bank | United Bank of Iowa |
| Oct 1, 2010 | Bay Gulf Credit Union | Midflorida Credit Union |
| Oct 1, 2010 | Chevron Southern Credit Union | Georgia's Own Credit Union |
| Oct 1, 2010 | The South Financial Group, Inc. | TD Bank US Holding Company |
| Oct 1, 2010 | Members United Credit Union | Winnebago Community Credit Union |
| Oct 1, 2010 | Medicredit Federal Credit Union | Hawaiiusa Federal Credit Union |
| Oct 1, 2010 | Manitowoc County Employees Credit Union | Community First Credit Union |
| Oct 1, 2010 | Carolina First Bank | TD Bank, N.A. |
| Oct 1, 2010 | (unnamed) | Farmers State Bank |
| Oct 1, 2010 | Kelly Federal Credit Union | Community Choice Credit Union |
| Oct 1, 2010 | Madison News Credit Union | Dane County Credit Union |
| Oct 1, 2010 | United Services of America Federal Credit Union | Navy Federal Credit Union |
| Oct 1, 2010 | Denver Water Department Credit Union | Partner Colorado Credit Union |
| Oct 1, 2010 | Comala Credit Union | Guardian Credit Union |
| Oct 1, 2010 | Food Marketing Federal Credit Union | Partners 1st Federal Credit Union |
| Sep 30, 2010 | First Bank | Independent Bank |
| Sep 30, 2010 | MoreBank | The Bank of Princeton |
| Sep 30, 2010 | Canisteo Valley Corporation | Citizens & Northern Corporation |
| Sep 30, 2010 | First National Bank of Kansas | First National Bank of Omaha |
| Sep 30, 2010 | Farmersville Bancshares, Inc. | Independent Bank Group, Inc. |
| Sep 30, 2010 | Santa Fe Springs City Employees Credit Union | Financial Partners Credit Union |
| Sep 30, 2010 | Castle Bank, National Association | First National Bank of Omaha |
| Sep 30, 2010 | Missouri United Methodist Credit Union | Interfaith Federal Credit Union |
| Sep 30, 2010 | First National Bank | First National Bank of Omaha |
| Sep 29, 2010 | First National of Colorado, Inc. | First National of Nebraska, Inc. |
| Sep 29, 2010 | First National of Illinois, Inc. | First National of Nebraska, Inc. |
| Sep 27, 2010 | Farmers & Merchants State Bank of Wayne | F&M Bank |
| Sep 27, 2010 | Dakota County State Bank | F&M Bank |
| Sep 25, 2010 | Anderson County Employees Federal Credit Union | Knoxville Teachers Federal Credit Union |
| Sep 21, 2010 | Shore Memorial Federal Credit Union | Nma Federal Credit Union |
| Sep 20, 2010 | Clear Creek National Bank | Evergreen National Bank |
| Sep 18, 2010 | First Merchants Trust Company, N.A. | First Merchants Bank |
| Sep 14, 2010 | Professional Capital, Inc. | Veritex Holdings, Inc. |
| Sep 14, 2010 | Industries Puerto Rico Federal Credit Union | Borinquen Community Federal Credit Union |
| Sep 11, 2010 | Planters & Merchants Bank | De Witt Bank and Trust Company |
| Sep 11, 2010 | First National Bank & Trust Company in Larned | Farmers Bank & Trust |
| Sep 8, 2010 | Members Choice Pa Fcu | Priority First Federal Credit Union |
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 |