text: With its return to San Diego, most of the squadron's personnel were transferred to other units and the next year was spent re-organizing and training new personnel as they arrived. In addition to new pilots, several Boeing FB-5s were assigned to the squadron in 1929, the last of the in-line aircraft to be used by Marine squadrons. On 1 July 1930 the squadron was again re-designated, this time reverting to VF-10M, but the most noticeable change was the replacement of the FB-5s with Curtiss F6C-4s, the first radial engine fighters the squadron would be assigned. The squadron would operate the F6C-4s for over two years and be awarded the Herbert H. Schiff Cup for aviation safety before they were replaced by factory-fresh Boeing F4B-4s in late 1932, the most advanced biplane fighter in service at that time.
  In 1932, it was determined that Marine Aviation should be provided with two light bombing squadrons, and on 1 July 1933, VF-10M became VB-4M, and was re-equipped with Boeing F4B-3s, a move considered a step back by members of the squadron. Participation in the Los Angeles National Air Races and annual Fleet Exercises were part of the routine that marked the squadron's activity in the early 1930s. In 1935, the squadron received 16 Great Lakes BG-1s, large two-place dive bombers that would equip the squadron for over five years.
  On 1 July 1937, Marine aviation was completely reorganized to conform to Navy requirements, and VB-4M became VMB-2. Still flying the BG-1, the squadron continued to take part in the annual Fleet Exercises, and in December 1940, the squadron began receiving the new Douglas SBD-1, the first mono-plane in Marine Corps service. Arrival of the SBD also marked the first time that the Red Devil insignia was not carried on the squadron's aircraft, even though it was authorized to do so.