157 failures · $92.1 billion in assets
Bank failures in 2010
157 insured banks failed in 2010, up from 140 in 2009. Together they reported $92.1 billion in assets, and the FDIC's estimated loss on them is $15.8 billion. The largest was Westernbank Puerto Rico of Mayaguez, Puerto Rico, at $10.8 billion. Florida led with 29 failures, ahead of Georgia with 21.
Week by week
- $1 billion or more
- $100 million to $1 billion
- under $100 million
Where they failed
Failures by state in 2010: Florida 29, Georgia 21, Illinois 16, California 12, Washington 11, Minnesota 8, Missouri 6, Michigan 5, Nevada 4, Maryland 4, Arizona 4, South Carolina 4 and others.
Explore
Filter and sort the 2010 failures by state, size or loss. Other years: 2009 · 2011.
| Closed | Bank | Location | Acquired by | Total assets | Est. loss |
|---|---|---|---|---|---|
| January 8, 2010 | Horizon Bank | Bellingham, WA | Washington Federal Savings and Loan Association | $1.2 billion | $205 million |
| January 15, 2010 | Barnes Banking Company | Kaysville, UT | No acquirer (payout) | $709 million | $107 million |
| January 15, 2010 | Town Community Bank and Trust | Antioch, IL | First American Bank | $70.8 million | $23.3 million |
| January 15, 2010 | St. Stephen State Bank | St. Stephen, MN | First State Bank of St. Joseph | $22.9 million | $7.7 million |
| January 22, 2010 | Charter Bank | Santa Fe, NM | Charter Bank | $1.2 billion | $127 million |
| January 22, 2010 | Columbia River Bank | The Dalles, OR | Columbia State Bank | $955 million | $54.9 million |
| January 22, 2010 | Evergreen Bank | Seattle, WA | Umpqua Bank | $396 million | $43.4 million |
| January 22, 2010 | Premier American Bank | Miami, FL | Premier American Bank, N.A. | $299 million | $84.5 million |
| January 22, 2010 | Bank of Leeton | Leeton, MO | Sunflower Bank, N.A. | $20.1 million | $7.1 million |
| January 29, 2010 | First Regional Bank | Los Angeles, CA | First-Citizens Bank & Trust Company | $2.1 billion | $224 million |
| January 29, 2010 | Community Bank & Trust | Cornelia, GA | SCBT National Association | $1.2 billion | $477 million |
| January 29, 2010 | First National Bank of Georgia | Carrollton, GA | Community & Southern Bank | $841 million | $204 million |
| January 29, 2010 | Florida Community Bank | Immokalee, FL | Premier American Bank, N.A. | $836 million | $309 million |
| January 29, 2010 | American Marine Bank | Bainbridge Island, WA | Columbia State Bank | $329 million | $28.4 million |
| January 29, 2010 | Marshall Bank, N.A. | Hallock, MN | United Valley Bank | $58.6 million | $1.1 million |
| February 5, 2010 | 1st American State Bank of Minnesota | Hancock, MN | Community Development Bank, FSB | $18.2 million | $4.5 million |
| February 19, 2010 | La Jolla Bank, FSB | La Jolla, CA | OneWest Bank, FSB | $3.6 billion | $560 million |
| February 19, 2010 | George Washington Savings Bank | Orland Park, IL | FirstMerit Bank, N.A. | $414 million | $119 million |
| February 19, 2010 | Marco Community Bank | Marco Island, FL | Mutual of Omaha Bank | $120 million | $25.6 million |
| February 19, 2010 | The La Coste National Bank | La Coste, TX | Community National Bank | $53.9 million | $5.7 million |
| February 26, 2010 | Rainier Pacific Bank | Tacoma, WA | Umpqua Bank | $718 million | $2.8 million |
| February 26, 2010 | Carson River Community Bank | Carson City, NV | Heritage Bank of Nevada | $51.1 million | $14.5 million |
| March 5, 2010 | Sun American Bank | Boca Raton, FL | First-Citizens Bank & Trust Company | $536 million | $122 million |
| March 5, 2010 | Centennial Bank | Ogden, UT | No acquirer (payout) | $213 million | $70.5 million |
| March 5, 2010 | Bank of Illinois | Normal, IL | Heartland Bank and Trust Company | $212 million | $18.7 million |
| March 5, 2010 | Waterfield Bank | Germantown, MD | No acquirer (payout) | $156 million | $11.3 million |
| March 11, 2010 | LibertyPointe Bank | New York, NY | Valley National Bank | $216 million | $18.4 million |
| March 12, 2010 | The Park Avenue Bank | New York, NY | Valley National Bank | $520 million | $76.4 million |
| March 12, 2010 | Old Southern Bank | Orlando, FL | Centennial Bank | $336 million | $76.5 million |
| March 12, 2010 | Statewide Bank | Covington, LA | Home Bank | $243 million | $26.1 million |
| March 19, 2010 | Advanta Bank Corp. | Draper, UT | No acquirer (payout) | $1.5 billion | $522 million |
| March 19, 2010 | Appalachian Community Bank | Ellijay, GA | Community & Southern Bank | $1.0 billion | $456 million |
| March 19, 2010 | Bank of Hiawassee | Hiawassee, GA | Citizens South Bank | $378 million | $107 million |
| March 19, 2010 | First Lowndes Bank | Fort Deposit, AL | First Citizens Bank | $137 million | $11.7 million |
| March 19, 2010 | Century Security Bank | Duluth, GA | Bank of Upson | $96.5 million | $37.7 million |
| March 19, 2010 | American National Bank | Parma, OH | The National Bank and Trust Company | $70.3 million | $15.0 million |
| March 19, 2010 | State Bank of Aurora | Aurora, MN | Northern State Bank | $28.2 million | $7.0 million |
| March 26, 2010 | Desert Hills Bank | Phoenix, AZ | New York Community Bank | $497 million | $109 million |
| March 26, 2010 | McIntosh Commercial Bank | Carrollton, GA | CharterBank | $363 million | $164 million |
| March 26, 2010 | Unity National Bank | Cartersville, GA | Bank of the Ozarks | $301 million | $73.6 million |
| March 26, 2010 | Key West Bank | Key West, FL | Centennial Bank | $88.0 million | $16.2 million |
| April 9, 2010 | Beach First National Bank | Myrtle Beach, SC | Bank of North Carolina | $590 million | $165 million |
| April 16, 2010 | Riverside National Bank of Florida | Fort Pierce, FL | TD Bank, N.A. | $3.4 billion | none |
| April 16, 2010 | City Bank | Lynnwood, WA | Whidbey Island Bank | $982 million | $155 million |
| April 16, 2010 | Tamalpais Bank | San Rafael, CA | Union Bank, N.A. | $612 million | none |
| April 16, 2010 | First Federal Bank of North Florida | Palatka, FL | TD Bank, N.A. | $440 million | $12.0 million |
| April 16, 2010 | Innovative Bank | Oakland, CA | Center Bank | $267 million | $22.7 million |
| April 16, 2010 | Butler Bank | Lowell, MA | People's United Bank | $246 million | $18.3 million |
| April 16, 2010 | AmericanFirst Bank | Clermont, FL | TD Bank, N.A. | $104 million | $16.4 million |
| April 16, 2010 | Lakeside Community Bank | Sterling Heights, MI | No acquirer (payout) | $49.2 million | $21.0 million |
| April 23, 2010 | Amcore Bank, National Association | Rockford, IL | Harris N.A. | $3.1 billion | $10.8 million |
| April 23, 2010 | Broadway Bank | Chicago, IL | MB Financial Bank, N.A. | $1.1 billion | $377 million |
| April 23, 2010 | New Century Bank | Chicago, IL | MB Financial Bank, N.A. | $447 million | $132 million |
| April 23, 2010 | Wheatland Bank | Naperville, IL | Wheaton Bank & Trust | $442 million | $190 million |
| April 23, 2010 | Lincoln Park Savings Bank | Chicago, IL | Northbrook Bank & Trust Company | $195 million | $37.9 million |
| April 23, 2010 | Peotone Bank and Trust Company | Peotone, IL | First Midwest Bank | $130 million | $45.6 million |
| April 23, 2010 | Citizens Bank and Trust Company of Chicago | Chicago, IL | Republic Bank of Chicago | $73.5 million | $41.3 million |
| April 30, 2010 | Westernbank Puerto Rico | Mayaguez, PR | Banco Popular de Puerto Rico | $10.8 billion | $2.2 billion |
| April 30, 2010 | R-G Premier Bank of Puerto Rico | Hato Rey, PR | Scotiabank de Puerto Rico | $5.7 billion | $978 million |
| April 30, 2010 | Frontier Bank | Everett, WA | Union Bank, N.A. | $3.3 billion | $454 million |
| April 30, 2010 | Eurobank | San Juan, PR | Oriental Bank and Trust | $2.5 billion | $539 million |
| April 30, 2010 | CF Bancorp | Port Huron, MI | First Michigan Bank | $1.6 billion | $341 million |
| April 30, 2010 | Champion Bank | Creve Coeur, MO | BankLiberty | $196 million | $57.1 million |
| April 30, 2010 | BC National Banks | Butler, MO | Community First Bank | $52.2 million | $8.6 million |
| May 7, 2010 | 1st Pacific Bank of California | San Diego, CA | City National Bank | $336 million | $6.3 million |
| May 7, 2010 | The Bank of Bonifay | Bonifay, FL | First Federal Bank of Florida | $243 million | $65.9 million |
| May 7, 2010 | Towne Bank of Arizona | Mesa, AZ | Commerce Bank of Arizona | $120 million | $44.3 million |
| May 7, 2010 | Access Bank | Champlin, MN | PrinsBank | $32.0 million | $7.9 million |
| May 14, 2010 | Midwest Bank and Trust Company | Elmwood Park, IL | FirstMerit Bank, N.A. | $3.2 billion | none |
| May 14, 2010 | Satilla Community Bank | Saint Marys, GA | Ameris Bank | $136 million | $36.3 million |
| May 14, 2010 | New Liberty Bank | Plymouth, MI | Bank of Ann Arbor | $111 million | $23.6 million |
| May 14, 2010 | Southwest Community Bank | Springfield, MO | Simmons First National Bank | $101 million | $25.6 million |
| May 21, 2010 | Pinehurst Bank | Saint Paul, MN | Coulee Bank | $61.2 million | $8.4 million |
| May 28, 2010 | Bank of Florida - Southwest | Naples, FL | EverBank | $641 million | $87.6 million |
| May 28, 2010 | Bank of Florida - Southeast | Fort Lauderdale, FL | EverBank | $595 million | $60.5 million |
| May 28, 2010 | Sun West Bank | Las Vegas, NV | City National Bank | $361 million | $116 million |
| May 28, 2010 | Bank of Florida - Tampa | Tampa, FL | EverBank | $241 million | $30.6 million |
| May 28, 2010 | Granite Community Bank, NA | Granite Bay, CA | Tri Counties Bank | $103 million | $13.2 million |
| June 4, 2010 | TierOne Bank | Lincoln, NE | Great Western Bank | $2.8 billion | none |
| June 4, 2010 | First National Bank | Rosedale, MS | The Jefferson Bank | $60.4 million | $18.1 million |
| June 4, 2010 | Arcola Homestead Savings Bank | Arcola, IL | No acquirer (payout) | $17.0 million | $11.5 million |
| June 11, 2010 | Washington First International Bank | Seattle, WA | East West Bank | $521 million | $95.2 million |
| June 18, 2010 | Nevada Security Bank | Reno, NV | Umpqua Bank | $492 million | $70.0 million |
| June 25, 2010 | Peninsula Bank | Englewood, FL | Premier American Bank, N.A. | $630 million | $184 million |
| June 25, 2010 | First National Bank | Savannah, GA | The Savannah Bank, N.A. | $253 million | $78.2 million |
| June 25, 2010 | High Desert State Bank | Albuquerque, NM | First American Bank | $80.3 million | $28.4 million |
| July 9, 2010 | Home National Bank | Blackwell, OK | RCB Bank | $585 million | $65.8 million |
| July 9, 2010 | Bay National Bank | Baltimore, MD | Bay Bank, FSB | $218 million | $21.1 million |
| July 9, 2010 | USA Bank | Port Chester, NY | New Century Bank | $191 million | $63.5 million |
| July 9, 2010 | Ideal Federal Savings Bank | Baltimore, MD | No acquirer (payout) | $6.2 million | $3.7 million |
| July 16, 2010 | First National Bank of the South | Spartanburg, SC | NAFH National Bank | $619 million | $68.3 million |
| July 16, 2010 | Metro Bank of Dade County | Miami, FL | NAFH National Bank | $399 million | $64.2 million |
| July 16, 2010 | Woodlands Bank | Bluffton, SC | Bank of the Ozarks | $383 million | $107 million |
| July 16, 2010 | Turnberry Bank | Aventura, FL | NAFH National Bank | $240 million | $28.7 million |
| July 16, 2010 | Olde Cypress Community Bank | Clewiston, FL | CenterState Bank of Florida, N.A. | $161 million | $25.5 million |
| July 16, 2010 | Mainstreet Savings Bank, FSB | Hastings, MI | Commercial Bank | $96.6 million | $12.8 million |
| July 23, 2010 | Crescent Bank and Trust Company | Jasper, GA | Renasant Bank | $970 million | $304 million |
| July 23, 2010 | Sterling Bank | Lantana, FL | IBERIABANK | $355 million | $41.8 million |
| July 23, 2010 | Home Valley Bank | Cave Junction, OR | South Valley Bank & Trust | $250 million | $28.1 million |
| July 23, 2010 | SouthwestUSA Bank | Las Vegas, NV | Plaza Bank | $204 million | $86.3 million |
| July 23, 2010 | Williamsburg First National Bank | Kingstree, SC | First Citizens Bank and Trust Company, Inc. | $130 million | $2.4 million |
| July 23, 2010 | Community Security Bank | New Prague, MN | Roundbank | $101 million | $18.5 million |
| July 23, 2010 | Thunder Bank | Sylvan Grove, KS | The Bennington State Bank | $28.2 million | $6.7 million |
| July 30, 2010 | LibertyBank | Eugene, OR | Home Federal Bank | $715 million | $51.0 million |
| July 30, 2010 | The Cowlitz Bank | Longview, WA | Heritage Bank | $489 million | $31.3 million |
| July 30, 2010 | Coastal Community Bank | Panama City Beach, FL | Centennial Bank | $377 million | $117 million |
| July 30, 2010 | Northwest Bank & Trust | Acworth, GA | State Bank and Trust Company | $161 million | $33.6 million |
| July 30, 2010 | Bayside Savings Bank | Port Saint Joe, FL | Centennial Bank | $64.3 million | $12.5 million |
| August 6, 2010 | Ravenswood Bank | Chicago, IL | Northbrook Bank & Trust Company | $265 million | $67.7 million |
| August 13, 2010 | Palos Bank and Trust Company | Palos Heights, IL | First Midwest Bank | $493 million | $67.0 million |
| August 20, 2010 | ShoreBank | Chicago, IL | Urban Partnership Bank | $2.2 billion | $526 million |
| August 20, 2010 | Los Padres Bank | Solvang, CA | Pacific Western Bank | $866 million | $3.4 million |
| August 20, 2010 | Butte Community Bank | Chico, CA | Rabobank, N.A. | $499 million | $1.7 million |
| August 20, 2010 | Sonoma Valley Bank | Sonoma, CA | Westamerica Bank | $337 million | $10.3 million |
| August 20, 2010 | Pacific State Bank | Stockton, CA | Rabobank, N.A. | $312 million | $34.0 million |
| August 20, 2010 | Independent National Bank | Ocala, FL | CenterState Bank of Florida, N.A. | $156 million | $12.0 million |
| August 20, 2010 | Community National Bank at Bartow | Bartow, FL | CenterState Bank of Florida, N.A. | $67.9 million | $9.2 million |
| August 20, 2010 | Imperial Savings and Loan Association | Martinsville, VA | River Community Bank, N.A. | $9.4 million | $4.7 million |
| September 10, 2010 | Horizon Bank | Bradenton, FL | Bank of the Ozarks | $188 million | $61.3 million |
| September 17, 2010 | The Peoples Bank | Winder, GA | Community & Southern Bank | $447 million | $102 million |
| September 17, 2010 | Maritime Savings Bank | West Allis, WI | North Shore Bank, FSB | $350 million | $88.4 million |
| September 17, 2010 | First Commerce Community Bank | Douglasville, GA | Community & Southern Bank | $248 million | $101 million |
| September 17, 2010 | Bank of Ellijay | Ellijay, GA | Community & Southern Bank | $169 million | $79.7 million |
| September 17, 2010 | ISN Bank | Cherry Hill, NJ | Customers Bank | $81.6 million | $18.9 million |
| September 17, 2010 | Bramble Savings Bank | Milford, OH | Foundation Bank | $47.5 million | $17.9 million |
| September 24, 2010 | North County Bank | Arlington, WA | Whidbey Island Bank | $289 million | $70.8 million |
| September 24, 2010 | Haven Trust Bank Florida | Ponte Vedra Beach, FL | First Southern Bank | $149 million | $34.8 million |
| October 1, 2010 | Wakulla Bank | Crawfordville, FL | Centennial Bank | $402 million | $120 million |
| October 1, 2010 | Shoreline Bank | Shoreline, WA | GBC International Bank | $93.0 million | $23.5 million |
| October 15, 2010 | Premier Bank | Jefferson City, MO | Providence Bank | $989 million | $309 million |
| October 15, 2010 | Security Savings Bank, F.S.B. | Olathe, KS | Simmons First National Bank | $453 million | $53.1 million |
| October 15, 2010 | WestBridge Bank and Trust Company | Chesterfield, MO | Midland States Bank | $87.8 million | $22.4 million |
| October 22, 2010 | Hillcrest Bank | Overland Park, KS | Hillcrest Bank, N.A. | $1.6 billion | $275 million |
| October 22, 2010 | First Arizona Savings, A FSB | Scottsdale, AZ | No acquirer (payout) | $256 million | $26.8 million |
| October 22, 2010 | First Suburban National Bank | Maywood, IL | Seaway Bank and Trust Company | $143 million | $44.3 million |
| October 22, 2010 | The First National Bank of Barnesville | Barnesville, GA | United Bank | $127 million | $46.9 million |
| October 22, 2010 | Progress Bank of Florida | Tampa, FL | Bay Cities Bank | $94.8 million | $34.6 million |
| October 22, 2010 | First Bank of Jacksonville | Jacksonville, FL | Ameris Bank | $73.9 million | $14.3 million |
| October 22, 2010 | The Gordon Bank | Gordon, GA | Morris Bank | $29.3 million | $10.4 million |
| November 5, 2010 | K Bank | Randallstown, MD | Manufacturers and Traders Trust Company (M&T Bank) | $538 million | $136 million |
| November 5, 2010 | Pierce Commercial Bank | Tacoma, WA | Heritage Bank | $221 million | $26.8 million |
| November 5, 2010 | Western Commercial Bank | Woodland Hills, CA | First California Bank | $98.6 million | $16.9 million |
| November 5, 2010 | First Vietnamese American Bank | Westminster, CA | Grandpoint Bank | $48.0 million | $14.3 million |
| November 12, 2010 | Darby Bank & Trust Co. | Vidalia, GA | Ameris Bank | $655 million | $126 million |
| November 12, 2010 | Copper Star Bank | Scottsdale, AZ | Stearns Bank, N.A. | $204 million | $52.6 million |
| November 12, 2010 | Tifton Banking Company | Tifton, GA | Ameris Bank | $144 million | $21.4 million |
| November 19, 2010 | First Banking Center | Burlington, WI | First Michigan Bank | $751 million | $86.1 million |
| November 19, 2010 | Gulf State Community Bank | Carrabelle, FL | Centennial Bank | $112 million | $44.4 million |
| November 19, 2010 | Allegiance Bank of North America | Bala Cynwyd, PA | VIST Bank | $107 million | $12.7 million |
| December 10, 2010 | Paramount Bank | Farmington Hills, MI | Level One Bank | $253 million | $68.6 million |
| December 10, 2010 | Earthstar Bank | Southampton, PA | Polonia Bank | $113 million | $22.5 million |
| December 17, 2010 | The Bank of Miami, N.A. | Coral Gables, FL | 1st United Bank | $448 million | $29.0 million |
| December 17, 2010 | Chestatee State Bank | Dawsonville, GA | Bank of the Ozarks | $244 million | $83.1 million |
| December 17, 2010 | United Americas Bank, N.A. | Atlanta, GA | State Bank and Trust Company | $242 million | $96.4 million |
| December 17, 2010 | First Southern Bank | Batesville, AR | Southern Bank | $192 million | $24.8 million |
| December 17, 2010 | Appalachian Community Bank, FSB | McCaysville, GA | Peoples Bank of East Tennessee | $68.2 million | $28.5 million |
| December 17, 2010 | Community National Bank | Lino Lakes, MN | Farmers & Merchants Savings Bank | $31.6 million | $5.8 million |