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Calendar Year

2008 in US Banking

1,177 bank events are on record for 2008: 25 failures, 804 mergers or acquisitions involving a bank, credit union or bank holding company, and 343 enforcement actions.

25
Failures
$371.95B in failed assets
804
Mergers
Federal Reserve NIC, banking organizations
343
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
5
Assistance
FDIC open-bank assistance

Jump to: Bank failures 2008 · Bank mergers 2008

How many banks failed in 2008?

25 banks failed in 2008, with $371.95B in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Dec 12, 2008 Haven Trust Bank Duluth, GA $559.6M Branch Banking and Trust Company
Dec 12, 2008 Sanderson State Bank Sanderson, TX $38.2M The Pecos County Bank
Dec 5, 2008 First Georgia Community Bank Jackson, GA $256.4M United Bank
Nov 21, 2008 Downey Savings and Loan Association, F.A. Newport Beach, CA $12.78B U.S. Bank, N.A.
Nov 21, 2008 PFF Bank & Trust Pomona, CA $3.72B U.S. Bank, N.A.
Nov 21, 2008 The Community Bank Loganville, GA $634.9M Bank of Essex
Nov 7, 2008 Franklin Bank, SSB Houston, TX $5.09B Prosperity Bank
Nov 7, 2008 Security Pacific Bank San Diego, CA $528.0M Pacific Western Bank
Oct 31, 2008 Freedom Bank Bradenton, FL $270.8M Fifth Third Bank
Oct 24, 2008 Alpha Bank & Trust Alpharetta, GA $354.1M Stearns Bank, N.A.
Oct 10, 2008 Main Street Bank Northville, MI $112.4M Monroe Bank & Trust
Oct 10, 2008 Meridian Bank Eldred, IL $38.2M National Bank
Sep 25, 2008 Washington Mutual Bank Henderson, NV $307.02B JPMorgan Chase Bank, N.A.
Sep 19, 2008 Ameribank, Inc. Northfork, WV $104.0M The Citizens Savings Bank
Sep 5, 2008 Silver State Bank Henderson, NV $1.96B Nevada State Bank
Aug 29, 2008 Integrity Bank Alpharetta, GA $1.11B Regions Bank
Aug 22, 2008 The Columbian Bank and Trust Company Topeka, KS $735.1M Citizens Bank and Trust Company
Aug 1, 2008 First Priority Bank Bradenton, FL $258.6M Suntrust Bank
Jul 25, 2008 First National Bank of Nevada Reno, NV $3.41B Mutual of Omaha Bank
Jul 25, 2008 First Heritage Bank N.A. Newport Beach, CA $255.4M Mutual of Omaha Bank
Jul 11, 2008 Indymac Bank F.S.B Pasadena, CA $30.70B Onewest Bank, FSB
May 30, 2008 First Integrity Bank, N.A. Staples, MN $52.9M First International Bank and Trust
May 9, 2008 ANB Financial N.A. Bentonville, AR $1.90B Pulaski Bank and Trust Co
Mar 7, 2008 Hume Bank Hume, MO $18.7M Security Bank
Jan 25, 2008 Douglass National Bank Kansas City, MO $52.8M Liberty Bank and Trust Company

Which banks merged in 2008?

804 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2008.

See the fuller list: Bank mergers 2008 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Dec 16, 2008 Eastside Municipal Employees Credit Union WA Puget Sound Federal Credit Union
Dec 16, 2008 Pacific Credit Union WA Puget Sound Federal Credit Union
Dec 15, 2008 P S I Terre Haute Division Federal Credit Union IN Crane Credit Union
Dec 15, 2008 Fidelity Resources Company of Delaware TX Fidelity Resources Company
Dec 15, 2008 First Mountain Bank CO The First National Bank of Hugo
Dec 13, 2008 State Bank of Colusa IL Fortress Bank
Dec 13, 2008 R. V. Thoman Agency, Inc. IL Security First Bancshares Inc
Dec 13, 2008 Linden Delaware Financial Corporation DE Linden Bancshares, Inc.
Dec 13, 2008 Charleston Federal Savings and Loan Association IL First Federal Savings and Loan Association of Central Illinois, S.B.
Dec 13, 2008 Foseco Employees Federal Credit Union OH Firefighters Community Cu
Dec 13, 2008 Vanguard Bank & Trust Company FL Coastal Bank and Trust of Florida
Dec 12, 2008 First Community Holdings, Inc. NV First San Benito Bancshares Corporation
Dec 9, 2008 Linden State Bancorp IN Hoosier Heartland State Bancorp
Dec 9, 2008 New Ross Bancorp IN Hoosier Heartland State Bancorp
Dec 8, 2008 Raleigh Federal Employees Federal Credit Union NC R T P Federal Credit Union
Dec 6, 2008 Willow Financial Bancorp Inc. PA Harleysville National Corporation
Dec 6, 2008 Florida Bank of Sarasota FL Florida Bank
Dec 6, 2008 South Carolina Bank and Trust of the Piedmont, National Association SC South State Bank
Dec 6, 2008 Marine Bank FL Centennial Bank
Dec 6, 2008 Yoakum National Bancshares-Delaware, Inc. DE Yoakum National Bancshares, Inc.
Dec 6, 2008 Citizens Bancorp of Lawrence AL Bancindependent, Incorporated
Dec 6, 2008 Community Bank of Galesburg IL Tompkins State Bank
Dec 6, 2008 Cleveland Community Bank, S.S.B. MS Planters Bank & Trust Company
Dec 6, 2008 Willow Financial Bank PA The Harleysville National Bank and Trust Company
Dec 6, 2008 Parish National Bank LA Whitney National Bank
Dec 6, 2008 The Citizens Bank AL Bank Independent
Dec 6, 2008 State Bank of Withee WI Forward Bank
Dec 6, 2008 Farmers State Bank of Fort Morgan CO Wells Fargo Bank, N.A.
Dec 5, 2008 White Oak Delaware Financial Corporation DE White Oak Bancshares, Inc.
Dec 5, 2008 First White Oak Delaware Financial Corporation DE First White Oak Bancshares, Inc.
Dec 3, 2008 First Mineola Delaware Financial Corporation DE First Mineola, Inc.
Dec 3, 2008 Finabel Corporation DE Eagle Lake Bancshares, Inc.
Dec 2, 2008 Medina Community Intermediate Holding Company of DELAWARE,INC. DE Medina Community Bancshares, Inc.
Dec 2, 2008 Delaware Department of Labor Federal Credit Union DE Del-One Federal Credit Union
Dec 1, 2008 United Christian Community Credit Union MI Cornerstone Community Financial Credit Union
Dec 1, 2008 TTC Holdings of Delaware, Inc. DE TTC Holdings, Inc.
Dec 1, 2008 Guardian Real Estate Services, Inc. IL Barrington Bank & Trust Company, N.A.
Dec 1, 2008 Amfin Holding Company NM First Artesia Bancshares, Inc.
Dec 1, 2008 Bank of the San Juans Bancorporation CO Glacier Bancorp, Inc.
Dec 1, 2008 The PrivateBank GA CIBC Bank USA
Dec 1, 2008 Inland Financial Acquisitions, Inc. IL Inland Bancorp, Inc.
Dec 1, 2008 Bank of Rogers AR The First National Bank of Fort Smith
Dec 1, 2008 NBM Bancorp, Inc. OH SB Financial Group Inc
Dec 1, 2008 Saint Ritas Credit Union LA Heart of Louisiana Federal Credit Union
Dec 1, 2008 Phila Tribune Employees Federal Credit Union PA Penn Federal Credit Union
Dec 1, 2008 Railway Employees Federal Credit Union DC Transit Employees Federal Credit Union
Dec 1, 2008 Valley Central Federal Credit Union NY Heritage Financial Federal Credit Union
Dec 1, 2008 Delaware Va Fcu DE Dexsta Federal Credit Union
Dec 1, 2008 Moen Employees Federal Credit Union OH Community Star Credit Union, Inc.
Dec 1, 2008 J.W. Hobbs Corporation Credit Union IL Credit Union 1

The list holds 500 of the 804 mergers recorded for 2008.

Enforcement Actions in 2008

Action date Agency Institution Action
Jul 9, 2008 OCC The Granville National Bank Civil Money Penalty (CMP): Holly, David C.
Jul 9, 2008 OCC The Granville National Bank Civil Money Penalty (CMP): Helmig, Charles W.
Jul 9, 2008 OCC The Granville National Bank Civil Money Penalty (CMP): Helmig, Carolyn M.
Jul 9, 2008 OCC First National Bank of Muhlenberg County, Kentucky Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Ray, Jeffrey S.
Jul 9, 2008 OCC The Granville National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Helmig, Charles W.
Jul 9, 2008 OCC T Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): T Bank, National Association
Jul 7, 2008 OCC The First National Bank Civil Money Penalty (CMP): Smith, Preston G.
Jul 7, 2008 FRB (individual) Section 19 Letters: Kelly J. Lauri
Jul 2, 2008 OCC Northern Trust, National Association Civil Money Penalty (CMP): Northern Trust, National Association
Jul 2, 2008 FRB (individual) Section 19 Letters: Peter J. Edmonds
Jul 2, 2008
Released Jul 14, 2008		 FRB KCB Bank Written Agreement: KCB Bank, Kearney, Missouri
Jul 2, 2008 OCC The First National Bank of Logan Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Logan
Jul 1, 2008 OCC Cornerbank, National Association Formal Agreement: Cornerbank, National Association
Jun 30, 2008 OCC_OTS Domestic Credit Corp Cease and Desist: Domestic Bank
Jun 30, 2008 OCC_OTS Dwelling House Savings and Loan Association Termination of Cease and Desist: Dwelling House Savings And Loan Association
Jun 30, 2008 OCC_OTS Domestic Credit Corp Civil Money Penalty: Domestic Bank
Jun 30, 2008 OCC_OTS Dwelling House Savings and Loan Association Cease and Desist: Dwelling House Savings And Loan Association
Jun 27, 2008 OCC_OTS Colorado Federal Savings Bank Prompt Corrective Action: Colorado FSB
Jun 26, 2008 OCC Border Capital Group, Inc. Formal Agreement: Border Capital Bank, National Association
Jun 26, 2008 OCC Landmark Community Bank, National Association Formal Agreement: Landmark Community Bank, National Association
Jun 24, 2008 FRB Regions Bank Section 19 Letters: James K. Real
Jun 24, 2008 OCC The Upstate National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Upstate National Bank
Jun 24, 2008 OCC Republic Federal Bank, N.A. Formal Agreement: Republic Federal Bank National Association
Jun 20, 2008 OCC_OTS Guaranty Bank Orders of Removal/Prohibition: Hector Perez
Jun 20, 2008 OCC_OTS Home Federal Savings Bank Cease and Desist: Robert L. Dickey
Jun 19, 2008
Released Jun 23, 2008		 FRB Compass Bank Civil Money Penalty $15,000: Susan M. West
Jun 19, 2008 OCC Community National Bank Prompt Corrective Action (PCA) Directive: Community National Bank
Jun 19, 2008
Released Jun 23, 2008		 FRB Compass Bank Prohibition from Banking: Susan M. West
Jun 19, 2008
Released Jun 26, 2008		 FRB Heritage Commerce Corp Civil Money Penalty $6,840: Heritage Bank of Commerce, San Jose, CA
Jun 18, 2008 FRB Compass Bank Section 19 Letters: Mayra Rivera
Jun 18, 2008 OCC PiBank, N.A. Civil Money Penalty (CMP): Intercredit Bank, National Association
Jun 18, 2008 OCC Home National Bank Formal Agreement: Home National Bank
Jun 16, 2008
Released Jul 25, 2008		 FRB First National Bank Holding Company Cease and Desist Order: First National Bank Holding Company, Scottsdale, Arizona
Jun 12, 2008 OCC The American National Bank of Beaver Dam Formal Agreement: The American National Bank of Beaver Dam
Jun 11, 2008 OCC_OTS Imperial Savings and Loan Association Prompt Corrective Action: Imperial Savings and Loan Association
Jun 11, 2008 OCC The Lincoln National Bank of Hodgenville Prohibition/Removal Orders: Brackett, Dara B.
Jun 10, 2008 OCC The Fulton County National Bank and Trust Company Civil Money Penalty (CMP): Bookheimer, Clyde H.
Jun 10, 2008 FRB Suntrust Bank Section 19 Letters: Jennifer Duncan
Jun 10, 2008 OCC Standing Stone National Bank Formal Agreement: Standing Stone National Bank
Jun 10, 2008 OCC The Fulton County National Bank and Trust Company Prohibition/Removal Orders: Bookheimer, Clyde H.
Jun 6, 2008 OCC Bank of America, N.A. Prohibition/Removal Orders: Jones, Walter
Jun 6, 2008 OCC Northland National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Northland National Bank
Jun 4, 2008 OCC Eastern National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Eastern National Bank
Jun 4, 2008 OCC First Heritage Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Heritage Bank, National Association
Jun 4, 2008 OCC First National Bank of Nevada Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of Nevada
Jun 4, 2008 OCC First Bank of Arizona, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of Arizona
May 29, 2008 OCC The Lemont National Bank Prohibition/Removal Orders: Culbertson, Elizabeth M.
May 29, 2008
Released Jun 3, 2008		 FRB Millennium Bankshares Corporation Written Agreement: Millennium Bankshares Corporation, Reston, Virginia
May 28, 2008 OCC The First National Bank of Manchester Formal Agreement: The First National Bank of Manchester
May 27, 2008 OCC_OTS Newton County Loan & Savings, FSB Supervisory Agreement: Newton County Loan & Savings, FSB

FDIC Open-Bank Assistance in 2008

Date Institution HQ Assets
Nov 23, 2008 Citibank, N.A. Las Vegas, NV $1.21T
Nov 23, 2008 Citibank (South Dakota), N.A. Sioux Falls, SD $77.74B
Nov 23, 2008 Citicorp Trust Bank, FSB Wilmington, DE $19.60B
Nov 23, 2008 Citibank (Banamex USA) Century City, CA $1.32B
Nov 23, 2008 Department Stores National Bank Sioux Falls, SD $374.9M

Browse adjacent years: 2007 · 2009

Or jump to a category: Failures · Mergers · Enforcement · Assistance