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 |
|---|---|---|
| Apr 23, 2010 | AMCORE Bank, N.A. | $3.07B |
| Apr 23, 2010 | Broadway Bank | $1.06B |
| Apr 23, 2010 | New Century Bank | $447.2M |
| Apr 23, 2010 | Wheatland Bank | $441.7M |
| Apr 23, 2010 | Lincoln Park Savings Bank | $194.6M |
| Apr 23, 2010 | Peotone Bank and Trust Company | $130.2M |
| Apr 23, 2010 | Citizens Bank & Trust Company of Chicago | $73.5M |
| Apr 16, 2010 | Riverside National Bank of Florida | $3.39B |
| Apr 16, 2010 | City Bank | $981.9M |
| Apr 16, 2010 | Tamalpais Bank | $611.5M |
| Apr 16, 2010 | First Federal Bank of North Florida | $440.1M |
| Apr 16, 2010 | Innovative Bank | $266.8M |
| Apr 16, 2010 | Butler Bank | $245.5M |
| Apr 16, 2010 | Americanfirst Bank | $104.0M |
| Apr 16, 2010 | Lakeside Community Bank | $49.2M |
| Apr 9, 2010 | Beach First National Bank | $590.0M |
| Mar 26, 2010 | Desert Hills Bank | $496.6M |
| Mar 26, 2010 | McIntosh Commercial Bank | $363.4M |
| Mar 26, 2010 | Unity National Bank | $300.6M |
| Mar 26, 2010 | Key West Bank | $88.0M |
| Mar 19, 2010 | Advanta Bank Corp. | $1.53B |
| Mar 19, 2010 | Appalachian Community Bank | $1.01B |
| Mar 19, 2010 | Bank of Hiawassee | $377.8M |
| Mar 19, 2010 | First Lowndes Bank | $137.2M |
| Mar 19, 2010 | Century Security Bank | $96.5M |
| Mar 19, 2010 | American National Bank | $70.3M |
| Mar 19, 2010 | State Bank of Aurora | $28.2M |
| Mar 12, 2010 | The Park Avenue Bank | $520.1M |
| Mar 12, 2010 | Old Southern Bank | $336.4M |
| Mar 12, 2010 | Statewide Bank | $243.2M |
| Mar 11, 2010 | Libertypointe Bank | $216.5M |
| Mar 5, 2010 | Sun American Bank | $535.7M |
| Mar 5, 2010 | Centennial Bank | $212.8M |
| Mar 5, 2010 | Bank of Illinois | $211.7M |
| Mar 5, 2010 | Waterfield Bank | $155.6M |
| Feb 26, 2010 | Rainier Pacific Bank | $717.8M |
| Feb 26, 2010 | Carson River Community Bank | $51.1M |
| Feb 19, 2010 | La Jolla Bank, FSB | $3.65B |
| Feb 19, 2010 | George Washington Savings Bank | $413.7M |
| Feb 19, 2010 | Marco Community Bank | $119.6M |
| Feb 19, 2010 | The La Coste National Bank | $53.9M |
| Feb 5, 2010 | 1st American State Bank of Minnesota | $18.2M |
| Jan 29, 2010 | First Regional Bank | $2.08B |
| Jan 29, 2010 | Community Bank & Trust | $1.18B |
| Jan 29, 2010 | First National Bank of Georgia | $840.6M |
| Jan 29, 2010 | Florida Community Bank | $835.7M |
| Jan 29, 2010 | American Marine Bank | $329.2M |
| Jan 29, 2010 | Marshall Bank, N.A. | $58.6M |
| Jan 22, 2010 | Charter Bank | $1.20B |
| Jan 22, 2010 | Columbia River Bank | $955.1M |
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 |
|---|---|---|
| May 1, 2010 | The Farmers Bank | First State Bank Nebraska |
| May 1, 2010 | Alton Route Employees Credit Union | Prairieland Federal Credit Union |
| May 1, 2010 | A. L. Bratcher Federal Credit Union | Eco Credit Union |
| May 1, 2010 | Liberty Alliance Federal Credit Union | Members Heritage Credit Union Inc |
| May 1, 2010 | De Witt State Bank | First State Bank Nebraska |
| May 1, 2010 | Federal and State Inspectors Federal Credit Union | Members United Credit Union |
| May 1, 2010 | Saginaw Veterans Administration Hospital Federal Credit Union | Generations Family Federal Credit Union |
| May 1, 2010 | Lake County Schools Credit Union | Mountain River Credit Union |
| Apr 30, 2010 | P. R. K. Employees Federal Credit Union | Chrome Federal Credit Union |
| Apr 30, 2010 | American Bancshares, Inc. | Ida Grove Bancshares, Inc. |
| Apr 26, 2010 | The First National Bank of Akron | The Security National Bank of Sioux City, Iowa |
| Apr 24, 2010 | Central Bank | Iroquois Farmers State Bank |
| Apr 24, 2010 | F&M Bank-Iowa Central | Great Western Bank |
| Apr 17, 2010 | Iowa Bank | Fidelity Bank & Trust |
| Apr 17, 2010 | NBT-Nevada, Inc. | Horizon Bankshares, Inc. |
| Apr 10, 2010 | Community Bank Plymouth | KleinBank |
| Apr 10, 2010 | Harleysville National Corporation | First Niagara Financial Group, Inc. |
| Apr 10, 2010 | The Harleysville National Bank and Trust Company | First Niagara Bank, N.A. |
| Apr 10, 2010 | Wachovia Card Services, N.A. | Wells Fargo Bank, N.A. |
| Apr 10, 2010 | First Niagara Commercial Bank | First Niagara Bank, N.A. |
| Apr 8, 2010 | Harvard Savings, MHC | Harvard Savings Bank |
| Apr 8, 2010 | The First National Bank of Litchfield | Union Savings Bank |
| Apr 8, 2010 | Harvard Illinois Financial Corp. | Harvard Savings Bank |
| Apr 2, 2010 | Saint Boniface Parish Federal Credit Union | Connex Credit Union, Inc |
| Apr 2, 2010 | Timewell State Bank | Farmers State Bank & Trust Co. |
| Apr 1, 2010 | Ifa Employees Federal Credit Union | Mountain America Federal Credit Union |
| Apr 1, 2010 | Acs Securities Corp. | Johnson Financial Group, Inc. |
| Apr 1, 2010 | United Bank & Trust-Washtenaw | United Bank & Trust |
| Apr 1, 2010 | Allegiance Community Bank | Archer Bank |
| Apr 1, 2010 | American Bank, National Association | American Nation Bank |
| Apr 1, 2010 | Jones Dairy Farm Employees Credit Union | Fort Community Credit Union |
| Apr 1, 2010 | Education First Credit Union | Advia Credit Union |
| Apr 1, 2010 | School Employees Federal Credit Union | Vacationland Federal Credit Union |
| Apr 1, 2010 | Nuunion Credit Union | Lake Trust Credit Union |
| Apr 1, 2010 | Harvard State Bank | Cornerstone Bank |
| Apr 1, 2010 | First Edition Community Credit Union | Vantage West Credit Union |
| Apr 1, 2010 | Select Community Federal Credit Union | First Trust Credit Union |
| Apr 1, 2010 | The Times-Picayune Employees Federal Credit Union | New Orleans Firemens Federal Credit Union |
| Apr 1, 2010 | Farmers Union Federal Credit Union | Premier Members Federal Credit Union |
| Apr 1, 2010 | Bell Financial Community Credit Union | Illiana Financial Credit Union |
| Mar 31, 2010 | Bank of Auburn Hills | Talmer West Bank |
| Mar 31, 2010 | Paragon Bank & Trust | Talmer West Bank |
| Mar 31, 2010 | Bradford Onized Fcu | Bradford Area Federal Credit Union |
| Mar 30, 2010 | Infibank, N.A. | First National Bank of Omaha |
| Mar 27, 2010 | Specialty Federal Credit Union | Fort Financial Federal Credit Union |
| Mar 26, 2010 | First Sonora Delaware Bancshares, Inc. | First Sonora Bancshares, Inc. |
| Mar 26, 2010 | Madison County Bank | Origin Bank |
| Mar 26, 2010 | First Choice Community Bank 1874 | First Choice Community Bank |
| Mar 24, 2010 | Sunrise Bank Of San Diego | Sunrise Bank |
| Mar 24, 2010 | Sunrise Community Bank | Sunrise 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 |