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 |
|---|---|---|
| Dec 4, 2010 | The Christiana Bank and Trust Company | Wilmington Savings Fund Society, FSB |
| Dec 4, 2010 | Co-Op Employee Credit Union | Ascend Federal Credit Union |
| Dec 4, 2010 | Exchange Bank of Fairfax | Farmers State Bank |
| Dec 4, 2010 | The Bank of Currituck | TowneBank |
| Dec 1, 2010 | Members United Federal Credit Union | Purdue Federal Credit Union |
| Dec 1, 2010 | LSB Corporation | People's United Financial, Inc. |
| Dec 1, 2010 | Central Jersey Bancorp | Kearny Financial Corp. |
| Dec 1, 2010 | Central Jersey Bank, National Association | Kearny Bank |
| Dec 1, 2010 | Independent Mortgage Company | Independent Bank |
| Dec 1, 2010 | Dryades Savings Bank, F.S.B. | First NBC Bank |
| Dec 1, 2010 | Smithtown Bancorp, Inc. | People's United Financial, Inc. |
| Dec 1, 2010 | RiverBank | People's United Bank, National Association |
| Dec 1, 2010 | Elcome Federal Credit Union | Chiphone Federal Credit Union |
| Dec 1, 2010 | Mcas Beaufort Federal Credit Union | CPM Federal Credit Union |
| Dec 1, 2010 | Beaver County Post Office Employees Federal Credit Union | Freedom United Federal Credit Union |
| Dec 1, 2010 | Tripler Federal Credit Union | Pentagon Federal Credit Union |
| Dec 1, 2010 | Usp Marion Employees Federal Credit Union | Siu Credit Union |
| Dec 1, 2010 | Bank of Smithtown | People's United Bank, National Association |
| Dec 1, 2010 | Champaign County Employees Credit Union | University of Illinois Community Credit Union |
| Dec 1, 2010 | Civic Arts Plaza Federal Credit Union | Oceanair Federal Credit Union |
| Dec 1, 2010 | Georgia Peach Credit Union | The Southern Credit Union |
| Dec 1, 2010 | Synergy Eastex Federal Credit Union | East Texas Professional Credit Union |
| Dec 1, 2010 | American National Bank of Fremont | Pinnacle Bank |
| Dec 1, 2010 | Bath Catholic Federal Credit Union | People First Federal Credit Union |
| Nov 30, 2010 | Bankers Bank Card Services, Inc. | TIB, N.A. |
| Nov 30, 2010 | Avon Avenue Baptist Church Credit Union | Faith Community United Credit Union Inc. |
| Nov 30, 2010 | UBS Am Holdings (USA) Inc. | UBS Americas Inc. |
| Nov 24, 2010 | Electrical Products Employees Federal Credit Union | Bowater Employees Credit Union |
| Nov 17, 2010 | Lafollette First National Corporation | Community Trust Bancorp, Inc. |
| Nov 17, 2010 | Atlantic Bancgroup, Inc. | Jacksonville Bancorp, Inc. |
| Nov 17, 2010 | Oceanside Bank | The Jacksonville Bank |
| Nov 11, 2010 | Union Bank of Chandler | BancFirst |
| Nov 6, 2010 | Wells Fargo Retail Finance, LLC | Wells Fargo Bank, N.A. |
| Nov 3, 2010 | TD Oriskany Investments, LLC | TD Bank US Holding Company |
| Nov 1, 2010 | Word of Life Federal Credit Union | Aloha Pacific Federal Credit Union |
| Nov 1, 2010 | Prism Financial Corporation | RBC USA Holdco Corporation |
| Nov 1, 2010 | Sam Houston Financial Corp. | First Financial Bankshares of Delaware, Inc. |
| Nov 1, 2010 | RBC Capital Markets Holdings (USA) Inc. | RBC USA Holdco Corporation |
| Nov 1, 2010 | RBC Bancorporation (USA) | RBC USA Holdco Corporation |
| Nov 1, 2010 | Lake Worth City Employees Credit Union | Velocity Community Credit Union |
| Nov 1, 2010 | RBC Holdings (USA) Inc. | RBC USA Holdco Corporation |
| Nov 1, 2010 | Palo Alto Community Federal Credit Union | Monterra Credit Union |
| Nov 1, 2010 | Maple Heights School Employees Credit Union, Inc. | Emerald Credit Union, Inc. |
| Nov 1, 2010 | Capital Federal Credit Union | 167th TFR Federal Credit Union |
| Nov 1, 2010 | East Side Terminal Credit Union | Processors - Industrial Community Credit Union |
| Nov 1, 2010 | Big Valley Credit Union | American United Federal Credit Union |
| Nov 1, 2010 | Base Federal Credit Union | Chiphone Federal Credit Union |
| Nov 1, 2010 | Dixie Cup Employees Fcu | First Commonwealth Federal Credit Union |
| Nov 1, 2010 | Grant County Community Federal Credit Union | Via Credit Union |
| Nov 1, 2010 | Georgia State University Federal Credit Union | Georgia's Own 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 |