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 |
|---|---|---|
| Nov 1, 2010 | The PrivateBank, N.A. | CIBC Bank USA |
| Nov 1, 2010 | Wells Fargo Alaska Trust Company, N.A. | Wells Fargo Bank, N.A. |
| Oct 31, 2010 | Saint Jude Fairview Medical Center Federal Credit Union | Max Credit Union |
| Oct 30, 2010 | Hi-Tec Credit Union | Community 1st Credit Union |
| Oct 29, 2010 | United Fellowship Federal Credit Union | Family Savings Credit Union |
| Oct 23, 2010 | Corridor State Bank | Central State Bank |
| Oct 20, 2010 | Financial Trax Federal Credit Union | U S #1364 Federal Credit Union |
| Oct 18, 2010 | Curtis Bancorporation, Inc. | Western Bancshares, Inc. |
| Oct 16, 2010 | FirstBank of Arvada | FirstBank |
| Oct 16, 2010 | Millennium Bcpbank, N.A. | BCP Holdings (USA), Inc. |
| Oct 16, 2010 | FirstBank of El Paso County | FirstBank |
| Oct 16, 2010 | FirstBank of Adams County | FirstBank |
| Oct 16, 2010 | FirstBank of Parker | FirstBank |
| Oct 16, 2010 | FirstBank of Evergreen | FirstBank |
| Oct 16, 2010 | FirstBank of Colorado Springs | FirstBank |
| Oct 16, 2010 | FirstBank of Northern Colorado | FirstBank |
| Oct 16, 2010 | Citizens National Bancorp, Inc. | Central Bancompany, Inc |
| Oct 16, 2010 | Citizens National Bank of Springfield | Central Bank of The Ozarks |
| Oct 16, 2010 | FirstBank of Arapahoe County | FirstBank |
| Oct 16, 2010 | FirstBank of Denver | FirstBank |
| Oct 16, 2010 | FirstBank | FirstBank |
| Oct 16, 2010 | Citizens National Bank | Citizens State Bank |
| Oct 16, 2010 | FirstBank of Avon | FirstBank |
| Oct 16, 2010 | FirstBank of Aurora | FirstBank |
| Oct 16, 2010 | FirstBank of Douglas County | FirstBank |
| Oct 16, 2010 | FirstBank of Cherry Creek | FirstBank |
| Oct 16, 2010 | FirstBank of Boulder | FirstBank |
| Oct 16, 2010 | FirstBank North | FirstBank |
| Oct 16, 2010 | FirstBank of Summit County | FirstBank |
| Oct 16, 2010 | FirstBank of Longmont | FirstBank |
| Oct 16, 2010 | FirstBank of South Jeffco | FirstBank |
| Oct 16, 2010 | FirstBank of Littleton | FirstBank |
| Oct 16, 2010 | FirstBank of Lakewood | FirstBank |
| Oct 16, 2010 | FirstBank of Tech Center | FirstBank |
| Oct 16, 2010 | FirstBank of Wheat Ridge | FirstBank |
| Oct 16, 2010 | FirstBank of Vail | FirstBank |
| Oct 16, 2010 | The First National Bank of Le Roy | The Citizens State Bank |
| Oct 12, 2010 | Northern Neck State Bank | Atlantic Union Bank |
| Oct 12, 2010 | The Rappahannock National Bank of Washington | Atlantic Union Bank |
| Oct 9, 2010 | Main Line Health Employees Federal Credit Union | Franklin Mint Federal Credit Union |
| Oct 9, 2010 | Frankston Bancorp, Inc. | Austin Bancorp, Inc. |
| Oct 9, 2010 | FDB, Inc. | Teb, Inc. |
| Oct 9, 2010 | The Coldwater Native Bank | The Bank of Protection |
| Oct 9, 2010 | First State Bank | Austin Bank, Texas N.A. |
| Oct 8, 2010 | Union National Bancshares, Inc. | BancFirst Corporation |
| Oct 8, 2010 | Transportation Northwest Credit Union | Global Federal Credit Union |
| Oct 6, 2010 | Standard Mutual Holding Company | Standard Avb Financial Corp. |
| Oct 2, 2010 | Alliance of Maine Federal Credit Union | Trademark Federal Credit Union |
| Oct 2, 2010 | Farmers State Bank | Heartland Bank |
| Oct 1, 2010 | Cherryville Federal Savings and Loan Association | HomeTrust Bank |
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 |