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 |
|---|---|---|
| Oct 1, 2010 | Focus One Community Credit Union | First City Credit Union |
| Oct 1, 2010 | The Stissing National Bank of Pine Plains | Bank of Millbrook |
| Oct 1, 2010 | Granite City Employees Federal Credit Union | School District No. 9 Credit Union |
| Oct 1, 2010 | Houlton Federal Credit Union | County Federal Credit Union the |
| Oct 1, 2010 | Partners Credit Union | Co-Op Credit Union |
| Oct 1, 2010 | Midwest Financial Credit Union | Dfcu Financial |
| Oct 1, 2010 | East Central Federal Credit Union | Hope Federal Credit Union |
| Oct 1, 2010 | Northwest Indiana Water Employees Federal Credit Union | Tech Credit Union |
| Oct 1, 2010 | Selective Federal Credit Union | Tri-Co Federal Credit Union |
| Oct 1, 2010 | BMT Financial Management | The Bryn Mawr Trust Company |
| Oct 1, 2010 | Metropolitan West Securities, LLC | Wells Fargo Bank, N.A. |
| Oct 1, 2010 | Merrill Lynch Commercial Finance Corp. | Bank of America, N.A. |
| Oct 1, 2010 | SNB Bancorp, Inc. | Millbrook Bank System, Inc. |
| Oct 1, 2010 | American National Bank | United Bank of Iowa |
| Oct 1, 2010 | Bay Gulf Credit Union | Midflorida Credit Union |
| Oct 1, 2010 | Chevron Southern Credit Union | Georgia's Own Credit Union |
| Oct 1, 2010 | The South Financial Group, Inc. | TD Bank US Holding Company |
| Oct 1, 2010 | Members United Credit Union | Winnebago Community Credit Union |
| Oct 1, 2010 | Medicredit Federal Credit Union | Hawaiiusa Federal Credit Union |
| Oct 1, 2010 | Manitowoc County Employees Credit Union | Community First Credit Union |
| Oct 1, 2010 | Carolina First Bank | TD Bank, N.A. |
| Oct 1, 2010 | (unnamed) | Farmers State Bank |
| Oct 1, 2010 | Kelly Federal Credit Union | Community Choice Credit Union |
| Oct 1, 2010 | Madison News Credit Union | Dane County Credit Union |
| Oct 1, 2010 | United Services of America Federal Credit Union | Navy Federal Credit Union |
| Oct 1, 2010 | Denver Water Department Credit Union | Partner Colorado Credit Union |
| Oct 1, 2010 | Comala Credit Union | Guardian Credit Union |
| Oct 1, 2010 | Food Marketing Federal Credit Union | Partners 1st Federal Credit Union |
| Sep 30, 2010 | First Bank | Independent Bank |
| Sep 30, 2010 | MoreBank | The Bank of Princeton |
| Sep 30, 2010 | Canisteo Valley Corporation | Citizens & Northern Corporation |
| Sep 30, 2010 | First National Bank of Kansas | First National Bank of Omaha |
| Sep 30, 2010 | Farmersville Bancshares, Inc. | Independent Bank Group, Inc. |
| Sep 30, 2010 | Santa Fe Springs City Employees Credit Union | Financial Partners Credit Union |
| Sep 30, 2010 | Castle Bank, National Association | First National Bank of Omaha |
| Sep 30, 2010 | Missouri United Methodist Credit Union | Interfaith Federal Credit Union |
| Sep 30, 2010 | First National Bank | First National Bank of Omaha |
| Sep 29, 2010 | First National of Colorado, Inc. | First National of Nebraska, Inc. |
| Sep 29, 2010 | First National of Illinois, Inc. | First National of Nebraska, Inc. |
| Sep 27, 2010 | Farmers & Merchants State Bank of Wayne | F&M Bank |
| Sep 27, 2010 | Dakota County State Bank | F&M Bank |
| Sep 25, 2010 | Anderson County Employees Federal Credit Union | Knoxville Teachers Federal Credit Union |
| Sep 21, 2010 | Shore Memorial Federal Credit Union | Nma Federal Credit Union |
| Sep 20, 2010 | Clear Creek National Bank | Evergreen National Bank |
| Sep 18, 2010 | First Merchants Trust Company, N.A. | First Merchants Bank |
| Sep 14, 2010 | Professional Capital, Inc. | Veritex Holdings, Inc. |
| Sep 14, 2010 | Industries Puerto Rico Federal Credit Union | Borinquen Community Federal Credit Union |
| Sep 11, 2010 | Planters & Merchants Bank | De Witt Bank and Trust Company |
| Sep 11, 2010 | First National Bank & Trust Company in Larned | Farmers Bank & Trust |
| Sep 8, 2010 | Members Choice Pa Fcu | Priority First Federal Credit Union |
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 |