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 |
|---|---|---|---|
| Jul 22, 2010 | FRB | Regions Bank | Section 19 Letters: Kelley Strider |
| Jul 22, 2010 | OCC | Communityone Bancorp | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Communityone Bank, National Association |
| Jul 22, 2010 Released Aug 5, 2010 | FRB | Harbor Bankshares Corporation | Written Agreement: Harbor Bankshares Corporation, Baltimore, Maryland |
| Jul 22, 2010 | OCC_OTS | American Savings Bank, N.A. | Orders of Removal/Prohibition: Thelma M. Montallana |
| Jul 22, 2010 | FRB | Regions Bank | Section 19 Letters: Karen Sue Smith |
| Jul 21, 2010 Released Jul 22, 2010 | FRB | Cecil Federal Savings Bank | Civil Money Penalty, $21,945.00: Cecil Bank, Elkton Maryland |
| Jul 21, 2010 | OCC | The Bank of Miami, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Bank of Miami, National Association |
| Jul 20, 2010 Released Jul 22, 2010 | FRB | Pacific State Bank | Prompt Corrective Action: Pacific State Bank, Stockton, California |
| Jul 20, 2010 | OCC | TCF National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): TCF National Bank |
| Jul 19, 2010 Released Jul 26, 2010 | FRB | Nova Financial Holdings, Inc | Written Agreement: NOVA Financial Holdings, Inc., Berwyn, Pennsylvania |
| Jul 16, 2010 | OCC | Los Angeles Federal Savings Bank | Formal Agreement: Los Angeles National Bank |
| Jul 15, 2010 | OCC_OTS | The Bank of Greene County | Termination of Supervisory Agreement: The Bank of Greene County |
| Jul 15, 2010 | OCC_OTS | Pamrapo Bancorp, Inc. | Cease and Desist: Daniel J. Massarelli |
| Jul 15, 2010 | OCC_OTS | Pamrapo Bancorp, Inc. | Civil Money Penalty: Daniel J. Massarelli |
| Jul 14, 2010 | OCC_OTS | American Loan and Savings Association | Supervisory Agreement: American Loan and Savings Association |
| Jul 14, 2010 | OCC | American Loan and Savings Association | Formal Agreement: American L & SA |
| Jul 14, 2010 Released Jul 20, 2010 | FRB | Bank VI | Written Agreement: Bank VI, Salina, Kansas |
| Jul 13, 2010 | OCC | Western National Bank of Cass Lake | Formal Agreement: Western National Bank |
| Jul 13, 2010 | OCC | Newtek Bank, N.A. | Formal Agreement: National Bank of New York City |
| Jul 12, 2010 | OCC | Prairie Financial Bancorp, Inc. | Formal Agreement: Prairie National Bank |
| Jul 9, 2010 | OCC | UMB Bank, N.A. | Prohibition/Removal Orders: Garrett, Daniel |
| Jul 9, 2010 | OCC_OTS | Pamrapo Bancorp, Inc. | Civil Money Penalty: Herman Brockman |
| Jul 9, 2010 | OCC_OTS | Pamrapo Bancorp, Inc. | Civil Money Penalty: Patrick Conaghan |
| Jul 9, 2010 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Toth, Victoria A. |
| Jul 9, 2010 | OCC_OTS | Pamrapo Bancorp, Inc. | Civil Money Penalty: Robert Doria |
| Jul 9, 2010 | OCC_OTS | Pamrapo Bancorp, Inc. | Civil Money Penalty: Kenneth Poesl |
| Jul 8, 2010 | OCC_OTS | Maple Leaf Financial, Inc. | Amended Orders to Cease and Desist: Maple Leaf Financial, Inc. |
| Jul 8, 2010 Released Jul 14, 2010 | FRB | Whitman Bancorporation, Inc. | Written Agreement: Bank of Whitman Employee Stock Ownership Plan, Colfax, Washington; Whitman Bancorporation, Inc., … |
| Jul 7, 2010 Released Jul 13, 2010 | FRB | Premier Bank Holding Company | Written Agreement: Premier Bank Holding Company, Tallahassee, Florida |
| Jul 7, 2010 Released Jul 14, 2010 | FRB | Pilot Bancshares, Inc. | Written Agreement: Pilot Bancshares, Inc., Tampa, Florida; Pilot Bank, Tampa, Florida |
| Jul 7, 2010 Released Jul 13, 2010 | FRB | First Olathe Bancshares, Inc. | Written Agreement: First Olathe Bancshares, Inc., Overland Park, Kansas |
| Jul 7, 2010 Released Jul 13, 2010 | FRB | Bannister Bancshares, Inc. | Written Agreement: Bannister Bancshares, Inc., Kansas City, Missouri |
| Jul 7, 2010 | OCC_OTS | Middlesex Federal Savings, F.A. | Orders of Removal/Prohibition: Mark T. Collins |
| Jul 7, 2010 | OCC_OTS | Bayside Savings Bank | Prompt Corrective Action: Bayside Savings Bank |
| Jul 6, 2010 | OCC_OTS | American Eagle Savings Bank | Cease and Desist: American Eagle Savings Bank |
| Jul 6, 2010 Released Jul 12, 2010 | FRB | Home Valley Bank | Prompt Corrective Action: Home Valley Bank, Grants Pass, Oregon |
| Jul 6, 2010 | OCC | American Eagle Savings Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): American Eagle Savings Bank |
| Jul 2, 2010 Released Jul 8, 2010 | FRB | Central Pacific Financial Corp. | Written Agreement: Central Pacific Financial Corporation, Honolulu, Hawaii |
| Jul 2, 2010 | OCC_OTS | Guardian Trust Company, FSB | Cease and Desist: Barry Drogy |
| Jul 2, 2010 | OCC_OTS | Guardian Trust Company, FSB | Civil Money Penalty: Barry Drogy |
| Jul 2, 2010 Released Jul 9, 2010 | FRB | Commonwealth Bankshares, Inc. | Written Agreement: Commonwealth Bankshares, Inc., Norfolk, Virginia; Bank of the Commonwealth, Norfolk, Virginia |
| Jul 1, 2010 | OCC_OTS | First Keystone Corporation | Termination of Supervisory Agreement: First Keystone Bank |
| Jul 1, 2010 Released Jul 12, 2010 | FRB | A. E. Bancorp, Inc. | Written Agreement: A. E. Bancorp, Inc., Buffalo Grove, Illinois |
| Jul 1, 2010 | OCC_OTS | First Keystone Financial, Inc. | Termination of Supervisory Agreement: First Keystone Financial, Inc. |
| Jun 30, 2010 | OCC | Plantation Federal Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Plantation Federal Bank |
| Jun 30, 2010 Released Jul 6, 2010 | FRB | Central Virginia Bank | Written Agreement: Central Virginia Bancshares, Inc., Powhatan, Virginia; Central Virginia Bank, Powhatan, Virginia |
| Jun 30, 2010 Released Jul 6, 2010 | FRB | Star Bancorp | Written Agreement: Star Bancorp, Inc., Scottsdale, Arizona |
| Jun 30, 2010 | OCC_OTS | Plantation Financial Corporation | Cease and Desist: Plantation Financial Corporation |
| Jun 30, 2010 | OCC_OTS | Plantation Federal Bank | Cease and Desist: Plantation Federal Bank |
| Jun 29, 2010 | OCC_OTS | Heartland Bank | Civil Money Penalty: Heartland Bank |