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 |
|---|---|---|
| Mar 24, 2010 | (unnamed) | Sunrise Bank |
| Mar 22, 2010 | Elkhart Community Bank | Indiana Community Bank |
| Mar 20, 2010 | Wachovia Bank, N.A. | Wells Fargo Bank, N.A. |
| Mar 20, 2010 | (unnamed) | Atlantic Union Bank |
| Mar 20, 2010 | Wachovia Bank of Delaware, National Association | Wells Fargo Bank, N.A. |
| Mar 19, 2010 | Bramco Employees Federal Credit Union | Advanz Federal Credit Union |
| Mar 15, 2010 | Shelby Bancshares of Nevada, Inc. | Shelby Bancshares, Inc. |
| Mar 12, 2010 | Charter Ibhc, Inc. | Charter Bancshares, Inc. |
| Mar 5, 2010 | First State Bank, Jones, Oklahoma | BancFirst |
| Mar 5, 2010 | Madison Financial Corporation | Origin Bancorp, Inc. |
| Mar 4, 2010 | Public Service P D Employees Federal Credit Union | Public Service Federal Credit Union |
| Mar 3, 2010 | Louise Nevada Holdings, Inc. | Louise Bancshares, Inc. |
| Mar 3, 2010 | Andrews Delaware Financial Corporation | Andrews Bancshares, Inc. |
| Mar 1, 2010 | GCM Federal Credit Union | Unity One Credit Union |
| Mar 1, 2010 | Sta Rite Employees Credit Union | Blackhawk Community Credit Union |
| Mar 1, 2010 | I.T.T. G.C.-AEROSPACE Controls Federal Credit Union | Calcom Federal Credit Union |
| Mar 1, 2010 | S P C O Federal Credit Union | Spco Credit Union |
| Mar 1, 2010 | Community Banks of Northern California | Community Banks of Colorado |
| Mar 1, 2010 | I C G Community Credit Union | Credit Union 1 |
| Mar 1, 2010 | Members Choice Community Credit Union | Ascentra Credit Union |
| Mar 1, 2010 | Valleytrust Federal Credit Union | Puget Sound Cooperative Credit Union |
| Feb 28, 2010 | Miracle Faith Federal Credit Union | General Electric Employees Federal Credit Union |
| Feb 28, 2010 | Walsh County Bancorporation, Inc. | Koda Bancor, Inc. |
| Feb 28, 2010 | Bank of Minto | Kodabank |
| Feb 28, 2010 | Community Credit Union | Peak Credit Union |
| Feb 27, 2010 | Wallis Delaware Corporation | Wallis Bancshares, Inc. |
| Feb 27, 2010 | Deposit Insurance National Bank of Kaysville | (unnamed) |
| Feb 27, 2010 | New York National Bank | Hudson Valley Bank, N.A. |
| Feb 26, 2010 | Memphisfirst Corporation | Landmark Community Bank |
| Feb 26, 2010 | First State Bank of Thayer | Bank of Commerce |
| Feb 20, 2010 | Choteau Bancorporation, Inc. | Teton Bancshares, Inc. |
| Feb 20, 2010 | Bank of Tacoma | Bank of the Northwest |
| Feb 20, 2010 | Bank of Everett | Bank of the Northwest |
| Feb 20, 2010 | Bank of Bellevue | Bank of the Northwest |
| Feb 20, 2010 | The First National Bank of Fairfield | Teton Banks |
| Feb 19, 2010 | First Louisiana Bank | Origin Bank |
| Feb 13, 2010 | The Beverly National Bank | Danversbank |
| Feb 11, 2010 | S M H Federal Credit Union | Members Source Credit Union |
| Feb 2, 2010 | The First National Bank of Valentine | Security First Bank |
| Feb 1, 2010 | Bestwall Brunswick Federal Credit Union | Geovista Federal Credit Union |
| Feb 1, 2010 | Liberty Bank | Liberty Bank, F.S.B. |
| Feb 1, 2010 | Union Special Employees Credit Union | Alero Financial Credit Union |
| Feb 1, 2010 | Georgia Power Northeast Credit Union | Powerco Federal Credit Union |
| Feb 1, 2010 | Singer Employees Federal Credit Union | Jersey Central Federal Credit Union |
| Feb 1, 2010 | Industrial Federal Savings Bank | HomeTrust Bank |
| Feb 1, 2010 | Efe Federal Credit Union | Americo Federal Credit Union |
| Feb 1, 2010 | Coastal Georgia Federal Credit Union | Memorial Health Credit Union |
| Jan 30, 2010 | (unnamed) | Bank of Las Vegas |
| Jan 30, 2010 | Desert Community Bank | Bank of Las Vegas |
| Jan 30, 2010 | Red Rock Community Bank | Bank of Las Vegas |
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 |