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 |
|---|---|---|
| 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 |
|---|---|---|---|
| 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 |