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 31, 2010 | Holy Cross Credit Union | Valley Credit Union |
| Dec 31, 2010 | 1st Priority Federal Credit Union | Advantage Federal Credit Union |
| Dec 31, 2010 | Interbank | Interbank |
| Dec 31, 2010 | First National Bank of Olney | Interbank |
| Dec 31, 2010 | First Metropolitan Credit Union | Travis Credit Union |
| Dec 31, 2010 | Friona State Bank, N.A. | Interbank |
| Dec 31, 2010 | First Service Credit Union | First Service Credit Union |
| Dec 31, 2010 | Wachovia Financial Services, Inc. | Wells Fargo Bank, N.A. |
| Dec 31, 2010 | First Coleman National Bank of Coleman | Interbank |
| Dec 31, 2010 | Mountain View Federal Credit Union | Certified Federal Credit Union |
| Dec 31, 2010 | Rite Choice Federal Credit Union | Peak Credit Union |
| Dec 31, 2010 | Danville Holy Family Credit Union | First Illinois Credit Union |
| Dec 31, 2010 | Graham National Bank | Interbank |
| Dec 31, 2010 | ShoreBank, Pacific | Beneficial State Bank |
| Dec 31, 2010 | California Oaks State Bank | California United Bank |
| Dec 31, 2010 | First State Bank of Canadian, National Association | Interbank |
| Dec 31, 2010 | First Independent Bank of Nevada | Western Alliance Bank |
| Dec 31, 2010 | Professional Business Bank | Professional Business Bank |
| Dec 31, 2010 | Meta Trust Company | First Bank & Trust |
| Dec 31, 2010 | Alta Alliance Bank | Torrey Pines Bank |
| Dec 31, 2010 | Ally Long-Term Incentive Plan LLC | Ally Financial Inc. |
| Dec 31, 2010 | Abbco Community Credit Union | Scott Credit Union |
| Dec 31, 2010 | The Farmers National Bank of Seymour | Interbank |
| Dec 31, 2010 | Citizens National Bank of Breckenridge | Interbank |
| Dec 30, 2010 | SKBHC Hawks Nest Acquisition Corp. | Starbuck Bancshares, Inc. |
| Dec 29, 2010 | First Commerce Bancorp | Grandpoint Capital, Inc. |
| Dec 29, 2010 | Bot Financial Group, Inc. | The Bank of Texas Bancshares, Inc. |
| Dec 29, 2010 | J. R. Montgomery Bancorporation | JRMB II, Inc |
| Dec 29, 2010 | First Commerce Bank | Grandpoint Bank |
| Dec 28, 2010 | The Woodhouse & Bartley Bank | Peoples State Bank |
| Dec 24, 2010 | Union-Adams Bancorp. | Iowa Community Bancorp, Inc. |
| Dec 23, 2010 | First Munday Bancshares of Delaware, Inc. | First Munday Bancshares, Inc. |
| Dec 22, 2010 | Throckmorton Bancorp of Delaware, Inc. | Throckmorton Bancshares, Inc. |
| Dec 21, 2010 | Century Bank | First Federal Savings and Loan Association of Lakewood |
| Dec 18, 2010 | The First State Bank | Community National Bank & Trust |
| Dec 18, 2010 | MBT Credit Company, Inc. | Monroe Bank & Trust |
| Dec 18, 2010 | Moorhead State Bank | United Bank of Iowa |
| Dec 15, 2010 | Maypearl Holdings, Inc. | Maypearl Bancshares, Inc. |
| Dec 15, 2010 | Ok Bancorporation, Inc. | BancFirst Corporation |
| Dec 11, 2010 | Bank Midwest, N.A. | Armed Forces Bank, N.A. |
| Dec 11, 2010 | First National Bank of Chester County | Graystone Tower Bank |
| Dec 11, 2010 | CSBC Financial Corporation | Hometown Community Bancorp, Inc. |
| Dec 11, 2010 | First Chester County Corporation | Tower Bancorp Inc. |
| Dec 11, 2010 | Bank Midwest, N.A. | NBH Bank |
| Dec 11, 2010 | Citizens State Bank of Cropsey | Morton Community Bank |
| Dec 10, 2010 | Exchange Bancshares of Moore, Inc. | BancFirst Corporation |
| Dec 10, 2010 | Centerstate Bank Central Florida, National Association | SouthState Bank, N.A. |
| Dec 10, 2010 | Centerstate Bank, N.A. | SouthState Bank, N.A. |
| Dec 4, 2010 | Delaware National Bank | Fulton Bank, N.A. |
| Dec 4, 2010 | Connecticut River Community Bank | Liberty Bank |
The list holds 500 of the 502 mergers recorded for 2010.
Enforcement Actions in 2010
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Aug 6, 2010 | OCC | American Express Bank, FSB | Formal Agreement: American Express Bank, FSB |
| Aug 6, 2010 | OCC_OTS | American Express Bank, FSB | Supervisory Agreement: American Express Bank, FSB |
| Aug 5, 2010 | OCC_OTS | (individual) | Cease and Desist: Liberty Savings Bank, FSB |
| Aug 5, 2010 Released Aug 19, 2010 | FRB | (individual) | Written Agreement: Union Bancshares, Inc., Marksville, Louisiana |
| Aug 5, 2010 Released Aug 19, 2010 | FRB | Midsouth Bank | Written Agreement: MidSouth Bank, Murfreesboro, Tennessee |
| Aug 5, 2010 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Liberty Savings Bank, FSB |
| Aug 4, 2010 | OCC_OTS | (individual) | Orders of Removal/Prohibition: Jean Williams |
| Aug 4, 2010 | OCC_OTS | First Federal Savings Bank | Orders of Removal/Prohibition: George M. Slavick |
| Aug 4, 2010 | OCC_OTS | Third Federal Savings & Loan Association of Cleveland | Orders of Removal/Prohibition: Barbara Peacock |
| Aug 4, 2010 | OCC_OTS | Astoria Federal Mortgage Corp. | Orders of Removal/Prohibition: Valerie Hall |
| Aug 4, 2010 | OCC_OTS | Washington Mutual Bank | Orders of Removal/Prohibition: Jason Prime |
| Aug 4, 2010 Released Aug 9, 2010 | FRB | Sonoma Valley Bancorp | Written Agreement: Sonoma Valley Bancorp, Sonoma, California |
| Aug 4, 2010 | OCC_OTS | Third Federal Savings & Loan Association of Cleveland | Orders of Removal/Prohibition: Ruby Lyde |
| Aug 4, 2010 | OCC_OTS | (individual) | Orders of Removal/Prohibition: Sharon Ciccone |
| Aug 3, 2010 | OCC | The Lamesa National Bank | Formal Agreement: The Lamesa National Bank |
| Aug 3, 2010 Released Aug 26, 2010 | FRB | Guaranty Development Company | Written Agreement: Guaranty Development Company, Livingston, Montana; American Bank, Bozeman, Montana |
| Aug 3, 2010 Released Aug 5, 2010 | FRB | Community First Bank - Chicago | Prompt Corrective Action: Community First Bank-Chicago, Chicago, Illinois |
| Aug 2, 2010 | OCC | First National Bank North | Formal Agreement: First National Bank of The North |
| Aug 2, 2010 Released Aug 18, 2010 | FRB | Wisconsin Bancshares, Inc. | Written Agreement: Wisconsin Bancshares, Inc., Kenosha, Wisconsin |
| Aug 2, 2010 Released Nov 30, 2017 | FRB | Brand Group Holdings, Inc. | Written Agreement: Brand Group Holdings, Inc., Lawrenceville, Georgia; The Brand Banking Company, Lawrenceville, Georgia |
| Aug 2, 2010 | OCC_OTS | Security Federal Bancorp, Inc. | Civil Money Penalty: Barbara Friedman |
| Jul 30, 2010 | OCC | Home Federal Bank of Hollywood | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Home Federal Bank of Hollywood |
| Jul 30, 2010 | OCC_OTS | Home Federal Bank of Hollywood | Cease and Desist: Home Federal Bank of Hollywood |
| Jul 30, 2010 | OCC_OTS | Home Bancgroup, Inc. | Cease and Desist: Home Bancgroup Inc. |
| Jul 29, 2010 Released Jul 30, 2010 | FRB | Premier Financial Bancorp, Inc. | Written Agreement: Premier Financial Bancorp, Inc., Huntington, West Virginia; Abigail Adams National Bancorp, Inc., … |
| Jul 29, 2010 Released Aug 4, 2010 | FRB | New Peoples Bankshares, Inc. | Written Agreement: New Peoples Bankshares, Inc., Honaker, Virginia; New Peoples Bank, Inc., Honaker, Virginia |
| Jul 28, 2010 Released Aug 4, 2010 | FRB | (individual) | Written Agreement: Premier Financial Corp., Dubuque, Iowa; Premier Bank, Dubuque, Iowa |
| Jul 28, 2010 Released Aug 3, 2010 | FRB | Community Capital Corporation | Written Agreement: Community Capital Corporation, Greenwood, South Carolina; CapitalBank, Greenwood, South Carolina |
| Jul 28, 2010 Released Aug 3, 2010 | FRB | Citizens Republic Bancorp, Inc. | Written Agreement: Citizens Republic Bancorp, Inc., Flint, Michigan; Citizens Bank, Flint, Michigan |
| Jul 27, 2010 Released Aug 5, 2010 | FRB | Progress Bank of Florida | Written Agreement: Progress Bank of Florida, Tampa, Florida |
| Jul 27, 2010 | OCC | The First National Bank of Talladega | Civil Money Penalty (CMP): The First National Bank of Talladega |
| Jul 27, 2010 | OCC_OTS | Los Padres Bank | Prompt Corrective Action: Los Padres Bank |
| Jul 27, 2010 | OCC_OTS | Carolina Federal Savings Bank | Cease and Desist: Carolina Federal Savings Bank |
| Jul 26, 2010 Released Jul 29, 2010 | FRB | North State Bancshares, Inc. | Written Agreement: North State Bancshares, Inc., Shakopee, Minnesota |
| Jul 26, 2010 Released Jul 28, 2010 | FRB | Bov Holding Company | Written Agreement: BOV Holding Company, Versailles, Missouri; Bank of Versailles, Versailles, Missouri |
| Jul 26, 2010 Released Aug 2, 2010 | FRB | Citizens Effingham Bancshares, Inc. | Written Agreement: Citizens Effingham Bancshares, Inc., Springfield, Georgia |
| Jul 26, 2010 | OCC_OTS | Domestic Credit Corp | Termination of Cease and Desist: Domestic Bank |
| Jul 26, 2010 | OCC_OTS | The Rome Savings Bank | Cease and Desist: The Rome Savings Bank |
| Jul 26, 2010 Released Aug 3, 2010 | FRB | The Prosperity Banking Company | Written Agreement: The Prosperity Banking Company, St. Augustine, Florida |
| Jul 23, 2010 Released Aug 2, 2010 | FRB | Oregon Pacific Bancorp | Written Agreement: Oregon Pacific Bancorp, Florence, Oregon; Oregon Pacific Bank, Florence, Oregon |
| Jul 23, 2010 Released Jul 29, 2010 | FRB | Community Valley Bancorp | Written Agreement: Community Valley Bancorp, Chico, California |
| Jul 23, 2010 | OCC_OTS | Liberty Savings Bank | Civil Money Penalty: Liberty Savings Bank, F.S.B. |
| Jul 23, 2010 | OCC_OTS | Liberty Savings Bank | Cease and Desist: Liberty Savings Bank, F.S.B. |
| Jul 23, 2010 Released Jul 28, 2010 | FRB | (individual) | Written Agreement: Farmers State Bank, Faith, South Dakota |
| Jul 23, 2010 Released Jul 29, 2010 | FRB | Macatawa Bank Corporation | Written Agreement: Macatawa Bank Corporation, Holland, Michigan |
| Jul 23, 2010 Released Jul 28, 2010 | FRB | Metro North Bancshares, Inc. | Written Agreement: Metro North Bancshares, Inc., Elk River, Minnesota |
| Jul 23, 2010 | OCC | Liberty Savings Bank, FSB | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Liberty Savings Bank, F.S.B. |
| Jul 23, 2010 Released Aug 5, 2010 | FRB | Progress Bank of Florida | Prompt Corrective Action: Progress Bank of Florida, Tampa, Florida |
| Jul 22, 2010 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Fish, Eileen B. |
| Jul 22, 2010 | FRB | Regions Bank | Section 19 Letters: Kimberly Miller |