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 |
|---|---|---|
| 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 |
|---|---|---|---|
| Dec 31, 2010 Released Jan 6, 2011 | FRB | Capital Commerce Bancorp, Inc. | Written Agreement: Capital Commerce Bancorp, Inc., Milwaukee, Wisconsin |
| Dec 30, 2010 | OCC_OTS | Americantrust Federal Savings Bank | Supervisory Agreement: Americantrust Federal Savings Bank |
| Dec 30, 2010 | OCC_OTS | Phoenixville Trust Company | Cease and Desist: Phoenixville |
| Dec 30, 2010 | OCC | Phoenixville Federal Bank and Trust | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Phoenixville Federal Bank and Trust |
| Dec 28, 2010 | OCC_OTS | (individual) | Orders of Removal/Prohibition: Edward B. Dupuis |
| Dec 28, 2010 | OCC_OTS | Sovereign Bancorp, Inc. | Orders of Removal/Prohibition: Arlande A. St. Louis |
| Dec 23, 2010 Released Dec 30, 2010 | FRB | Baylake Corp. | Written Agreement: Baylake Corp., Sturgeon Bay, Wisconsin; Baylake Bank, Sturgeon Bay, Wisconsin |
| Dec 23, 2010 | OCC | Provident Community Bancshares, Inc. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Provident Community Bank, National Association |
| Dec 23, 2010 Released Jan 6, 2011 | FRB | (individual) | Written Agreement: Foundation Bancorp, Inc., Bellevue, Washington |
| Dec 23, 2010 Released Jan 6, 2011 | FRB | Boscobel Bancorp, Inc. | Written Agreement: Boscobel Bancorp, Inc., Boscobel, Wisconsin; Community First Bank, Boscobel, Wisconsin |
| Dec 23, 2010 Released Dec 30, 2010 | FRB | Santa Lucia Bank | Written Agreement: Santa Lucia Bancorp, Atascadero, California; Santa Lucia Bank, Atascadero, California |
| Dec 22, 2010 | OCC | City National Bank of New Jersey | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): City National Bank of New Jersey |
| Dec 22, 2010 Released Dec 28, 2010 | FRB | Bankeast | Prompt Corrective Action: BankEast, Knoxville, Tennessee |
| Dec 22, 2010 Released Jan 6, 2011 | FRB | Prairie Star Bancshares, Inc. | Written Agreement: Prairie Star Bancshares, Inc., Olathe, Kansas |
| Dec 22, 2010 | OCC_OTS | (individual) | Prompt Corrective Action: Liberty Federal Savings Bank |
| Dec 22, 2010 | OCC | (individual) | Prompt Corrective Action (PCA) Directive: Liberty FSB |
| Dec 21, 2010 | OCC_OTS | Corning Savings and Loan Association | Civil Money Penalty: Stephen Hardin |
| Dec 21, 2010 | OCC | Security Federal Savings Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Security Federal Savings Bank |
| Dec 21, 2010 | OCC_OTS | Lydian Private Bank | Civil Money Penalty: Lydian Private Bank |
| Dec 21, 2010 | OCC_OTS | Corning Savings and Loan Association | Orders of Removal/Prohibition: Stephen Hardin |
| Dec 21, 2010 | OCC_OTS | Security Federal Savings Bank | Cease and Desist: Security Federal Savings Bank |
| Dec 21, 2010 Released Dec 23, 2010 | FRB | (individual) | Written Agreement: FEB Bancshares, Inc., Louisville, Alabama |
| Dec 20, 2010 Released Dec 23, 2010 | FRB | Norcal Community Bancorp | Written Agreement: Norcal Community Bancorp, Alameda, California |
| Dec 20, 2010 | OCC | First National Bank PLC | Formal Agreement: First National Bank |
| Dec 17, 2010 | OCC_OTS | Corning Savings and Loan Association | Civil Money Penalty: C. Joseph Calvin |
| Dec 17, 2010 | OCC_OTS | Corning Savings and Loan Association | Orders of Removal/Prohibition: C. Joseph Calvin |
| Dec 17, 2010 | OCC | Alabama Trust Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Alabama Trust Bank, National Association |
| Dec 16, 2010 | OCC | Alabama Trust Bank, N.A. | Prohibition/Removal Orders: Dickson, Harold A. |
| Dec 16, 2010 | OCC | Alabama Trust Bank, N.A. | C&D or PC&D Requiring Restitution: Dickson, Harold A. |
| Dec 16, 2010 | OCC | Alabama Trust Bank, N.A. | Civil Money Penalty (CMP): Dickson, Harold A. |
| Dec 16, 2010 | OCC | Solera National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Solera National Bank |
| Dec 16, 2010 Released Dec 21, 2010 | FRB | Community Shores Bank Corporation | Written Agreement: Community Shores Bank Corporation, Muskegon, Michigan |
| Dec 16, 2010 | OCC | The First National Bank of Frederick | Formal Agreement: The First National Bank of Frederick |
| Dec 15, 2010 | OCC | Pacific National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Pacific National Bank |
| Dec 15, 2010 Released Dec 23, 2010 | FRB | First International Bancorp America | Written Agreement: First International Bancorp of Texas, Inc., Plano, Texas; First International Bancorp America, … |
| Dec 15, 2010 | OCC_OTS | Grand Mountain Bancshares, Inc. | Cease and Desist: Grand Mountain Bank, FSB |
| Dec 15, 2010 | OCC | Amfirst Financial Services, Inc. | Formal Agreement: Amfirst Bank, National Association |
| Dec 15, 2010 | OCC | Grand Mountain Bancshares, Inc. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Grand Mountain Bank, FSB |
| Dec 14, 2010 Released Dec 21, 2010 | FRB | City National Bancshares Corporation | Written Agreement: City National Bancshares Corporation, Newark, New Jersey |
| Dec 14, 2010 | OCC | Armed Forces Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Armed Forces Bank, National Association |
| Dec 14, 2010 | OCC | CenterBank of Jacksonville, National Association | Formal Agreement: Centerbank of Jacksonville, National Association |
| Dec 14, 2010 | OCC | The First National Bank of Winnsboro | Formal Agreement: First National Bank of Winnsboro |
| Dec 13, 2010 | OCC_OTS | (individual) | Civil Money Penalty: James S. Dentler |
| Dec 13, 2010 | OCC_OTS | (individual) | Civil Money Penalty: Gregory Albert |
| Dec 13, 2010 | OCC_OTS | (individual) | Civil Money Penalty: Ronald Garrison |
| Dec 13, 2010 | OCC_OTS | (individual) | Civil Money Penalty: Kathy Rankin |
| Dec 13, 2010 | OCC_OTS | (individual) | Civil Money Penalty: Jean Zoellner |
| Dec 13, 2010 Released Dec 16, 2010 | FRB | The Park Avenue Bank | Prompt Corrective Action: The Park Avenue Bank, Valdosta, Georgia |
| Dec 13, 2010 | OCC_OTS | (individual) | Orders of Removal/Prohibition: Joel M. Bradshaw |
| Dec 10, 2010 | OCC_OTS | Atlantic Coast Federal Corporation | Supervisory Agreement: Atlantic Coast Bank |