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 |
|---|---|---|
| Jul 1, 2010 | The Farmers and Merchants State Bank | The Riley State Bank of Riley Kansas |
| Jul 1, 2010 | All City Credit Union | Northwest Plus Credit Union |
| Jul 1, 2010 | Lafayette Teachers & Employees Federal Credit Union | Meritus Federal Credit Union |
| Jul 1, 2010 | First Keystone Bank | The Bryn Mawr Trust Company |
| Jul 1, 2010 | Reco Credit Union | 1st Midamerica Credit Union |
| Jul 1, 2010 | Putnam Federal Credit Union | Hudson Valley Federal Credit Union |
| Jul 1, 2010 | Southwest Bank, An M&I Bank | M&I Marshall and Ilsley Bank |
| Jul 1, 2010 | Southeast Community Credit Union | River City Federal Credit Union |
| Jul 1, 2010 | Decatur Firemens Credit Union | United Equity Credit Union |
| Jul 1, 2010 | State Central Credit Union | Summit Credit Union |
| Jul 1, 2010 | Croydon Savings Bank | Fidelity Savings & Loan Association of Bucks County |
| Jul 1, 2010 | First Delta Federal Credit Union | Shreveport Federal Credit Union |
| Jul 1, 2010 | PPG Paint Research Federal Credit Union | PPG & Associates Federal Credit Union |
| Jul 1, 2010 | Hamden Federal Credit Union | Crosspoint Federal Credit Union |
| Jul 1, 2010 | Lake Charles Telco Credit Union | Pelican Credit Union |
| Jul 1, 2010 | Firstcom Bancorp, Inc. | Byline Bancorp, Inc. |
| Jul 1, 2010 | The Bank of Nashville | Synovus Bank |
| Jul 1, 2010 | Credit Suisse (International) Holding Ag | Credit Suisse Ag |
| Jul 1, 2010 | Rutgers University Student and Alumni Federal Credit Union | Affinity Federal Credit Union |
| Jul 1, 2010 | First Keystone Financial, Inc. | Bryn Mawr Bank Corporation |
| Jul 1, 2010 | First Midland Nevada Corp. | First Bancshares of Texas, Inc. |
| Jun 30, 2010 | Lancaster Pennsylvania Police Federal Credit Union | Lancaster Red Rose Credit Union |
| Jun 30, 2010 | Grupo Empresas Servicios Financieros | FirstBank Puerto Rico |
| Jun 30, 2010 | First Leasing and Rental Corp. | FirstBank Puerto Rico |
| Jun 30, 2010 | U W Trust Company | United Western Trust Company |
| Jun 30, 2010 | Orchard Valley Financial Corp. | First State Bank of Colorado |
| Jun 30, 2010 | Paonia Financial Services, Inc. | First State Bank of Colorado |
| Jun 30, 2010 | Paonia State Bank | First State Bank of Colorado |
| Jun 30, 2010 | Colorado Mountain Bank | First State Bank of Colorado |
| Jun 28, 2010 | Inficorp Holdings, Inc. | First National of Nebraska, Inc. |
| Jun 28, 2010 | Turnpike Credit Union | Mass Bay Credit Union |
| Jun 12, 2010 | Kramer Homes Federal Credit Union | Unity Credit Union |
| Jun 11, 2010 | Muskegon Teachers Credit Union | Best Financial Credit Union |
| Jun 8, 2010 | SWNB Nevada Corporation | SWNB Bancorp, Inc. |
| Jun 5, 2010 | Medina Valley State Bank | Security State Bank |
| Jun 1, 2010 | Wausau City Employees Credit Union | Connexus Credit Union |
| Jun 1, 2010 | Synovus Bank of Jacksonville | Synovus Bank |
| Jun 1, 2010 | Jefferson Community Development Federal Credit Union | Coosa Pines Federal Credit Union |
| Jun 1, 2010 | Synovus Bank | Synovus Bank |
| Jun 1, 2010 | Progressive Neighborhood Federal Credit Union | Visions Federal Credit Union |
| Jun 1, 2010 | Sterling Bank | Synovus Bank |
| Jun 1, 2010 | The Bank of Tuscaloosa | Synovus Bank |
| Jun 1, 2010 | Georgia Bank & Trust | Synovus Bank |
| Jun 1, 2010 | First Coast Community Bank | Synovus Bank |
| Jun 1, 2010 | Epworth Federal Credit Union | Market USA Federal Credit Union |
| Jun 1, 2010 | AFB&T | Synovus Bank |
| Jun 1, 2010 | Commercial Bank & Trust Company of Troup County | Synovus Bank |
| Jun 1, 2010 | Bank of North Georgia | Synovus Bank |
| Jun 1, 2010 | Bank of Coweta | Synovus Bank |
| Jun 1, 2010 | Niagara Pasny Federal Credit Union | Niagara's Choice Federal Credit Union |
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 |