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Calendar Year

2009 in US Banking

1,486 bank events are on record for 2009: 140 failures, 566 mergers or acquisitions involving a bank, credit union or bank holding company, and 772 enforcement actions.

140
Failures
$169.71B in failed assets
566
Mergers
Federal Reserve NIC, banking organizations
772
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
8
Assistance
FDIC open-bank assistance

Jump to: Bank failures 2009 · Bank mergers 2009

How many banks failed in 2009?

140 banks failed in 2009, with $169.71B in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Sep 11, 2009 Brickwell Community Bank Woodbury, MN $72.6M Cortrust Bank, N.A.
Sep 4, 2009 Vantus Bank Sioux City, IA $503.6M Great Southern Bank
Sep 4, 2009 Inbank Oak Forest, IL $209.8M MB Financial N.A.
Sep 4, 2009 Platinum Community Bank Rolling Meadows, IL $148.0M —
Sep 4, 2009 First State Bank Flagstaff, AZ $107.2M Sunwest Bank
Sep 4, 2009 First Bank of Kansas City Kansas City, MO $15.7M Great American Bank
Aug 28, 2009 Affinity Bank Ventura, CA $1.21B Pacific Western Bank
Aug 28, 2009 MainStreet Bank Forest Lake, MN $458.5M Central Bank
Aug 28, 2009 Bradford Bank Baltimore, MD $451.9M Manufacturers and Traders Trust Company
Aug 21, 2009 Guaranty Bank Austin, TX $13.46B Compass Bank
Aug 21, 2009 Capitalsouth Bank Birmingham, AL $586.6M Iberiabank
Aug 21, 2009 First Coweta Newnan, GA $163.8M United Bank
Aug 21, 2009 Ebank Atlanta, GA $144.7M Stearns Bank, N.A.
Aug 14, 2009 Colonial Bank Montgomery, AL $25.46B BB&T
Aug 14, 2009 Community Bank of Nevada Las Vegas, NV $1.40B —
Aug 14, 2009 Community Bank of Arizona Phoenix, AZ $158.5M MidFirst Bank
Aug 14, 2009 Union Bank, N.A. Gilbert, AZ $119.5M MidFirst Bank
Aug 14, 2009 Dwelling House Savings and Loan Pittsburgh, PA $12.9M PNC Bank, N.A.
Aug 7, 2009 First State Bank Sarasota, FL $447.7M Stearns Bank, N.A.
Aug 7, 2009 Community First Bank Prineville, OR $199.5M Home Federal Bank
Aug 7, 2009 Community National Bank of Sarasota County Venice, FL $92.5M Stearns Bank, N.A.
Jul 31, 2009 Mutual Bank Harvey, IL $1.60B United Central Bank
Jul 31, 2009 Peoples Community Bank West Chester, OH $606.2M First Financial Bank, N.A.
Jul 31, 2009 First Bankamericano Elizabth, NJ $163.4M Crown Bank
Jul 31, 2009 Integrity Bank Jupiter, FL $105.3M Stonegate Bank
Jul 31, 2009 First State Bank of Altus Altus, OK $90.9M Herring Bank
Jul 24, 2009 Security Bank of Bibb County Macon, GA $943.7M State Bank and Trust Company
Jul 24, 2009 Security Bank of Jones County Gray, GA $432.7M State Bank and Trust Company
Jul 24, 2009 Security Bank of Houston County Perry, GA $371.6M State Bank and Trust Company
Jul 24, 2009 Security Bank of Gwinnett County Suwannee, GA $259.2M State Bank and Trust Company
Jul 24, 2009 Security Bank of North Fulton Alpharetta, GA $190.6M State Bank and Trust Company
Jul 24, 2009 Security Bank of North Metro Woodstock, GA $184.2M State Bank and Trust Company
Jul 24, 2009 Waterford Village Bank Williamsville, NY $55.7M Evans Bank N.A.
Jul 17, 2009 Vineyard Bank, N.A. Rancho Cucamonga, CA $1.64B California Bank & Trust
Jul 17, 2009 Temecula Valley Bank Temecula, CA $1.40B First-Citizens Bank and Trust Company
Jul 17, 2009 BankFirst Sioux Falls, SD $210.8M Alerus Financial, N.A.
Jul 17, 2009 First Piedmont Bank Winder, GA $114.1M First American Bank and Trust Company
Jul 10, 2009 Bank of Wyoming Thermopolis, WY $70.2M Central Bank & Trust
Jul 2, 2009 Founders Bank Worth, IL $889.2M The Privatebank and Trust Company
Jul 2, 2009 The First National Bank of Danville Danville, IL $148.2M First Financial Bank, N.A.
Jul 2, 2009 Millennium State Bank of Texas Dallas, TX $118.6M State Bank of Texas
Jul 2, 2009 Rock River Bank Oregon, IL $74.8M The Harvard Bank
Jul 2, 2009 The John Warner Bank Clinton, IL $69.6M State Bank of Lincoln
Jul 2, 2009 The Elizabeth State Bank Elizabeth, IL $55.0M Galena State Bank and Trust
Jul 2, 2009 The First State Bank of Winchester Winchester, IL $30.1M The First National Bank of Beardstown
Jun 26, 2009 Mirae Bank Los Angeles, CA $480.6M Wilshire State Bank
Jun 26, 2009 Neighborhood Community Bank Newnan, GA $212.6M Charterbank
Jun 26, 2009 Community Bank of West Georgia Villa Rica, GA $201.2M —
Jun 26, 2009 Horizon Bank Pine City, MN $84.8M Stearns Bank, N.A.
Jun 26, 2009 Metropacific Bank Irvine, CA $75.3M Sunwest Bank

Which banks merged in 2009?

566 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2009.

See the fuller list: Bank mergers 2009 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Jul 1, 2009 P C Glassworkers Credit Union MO Central Missouri Community Credit Union
Jul 1, 2009 Fargo Forum Federal Credit Union ND Town & Country Credit Union
Jul 1, 2009 FirstBank Florida FL FirstBank Puerto Rico
Jul 1, 2009 Wiscor Credit Union WI Landmark Credit Union
Jul 1, 2009 First State Bank IA Glenwood State Bank
Jul 1, 2009 Sun Country Credit Union AZ Credit Union West
Jul 1, 2009 Four-Sixteen Federal Credit Union NJ Motion Federal Credit Union
Jul 1, 2009 Jeffco Schools Credit Union CO Westerra Credit Union
Jul 1, 2009 Jefferson-Pilot Communications Federal Credit Union NC Truliant Federal Credit Union
Jul 1, 2009 Franklin Electric Employees Federal Credit Union AR Uark Federal Credit Union
Jul 1, 2009 Foothills Credit Union NC Nova Credit Union
Jul 1, 2009 Financial 21 Community Credit Union CA California Coast Credit Union
Jul 1, 2009 Banesto Factoring, S.A. Establecimiento Financiero De Credito — Banco Espanol De Credito, S.A.
Jul 1, 2009 Ponce General Corporation FL FirstBank Puerto Rico
Jul 1, 2009 City of Hope Federal Credit Union GA Peach State Federal Credit Union
Jul 1, 2009 MWB Nevada, Inc. NV Mineral Wells Bancshares, Inc.
Jul 1, 2009 The PrivateBank MO CIBC Bank USA
Jul 1, 2009 Service Bancorp, Inc. MA Middlesex Bancorp MHC
Jul 1, 2009 Hindman Bancshares, Inc. KY Community Exchange Bancshares Inc.
Jul 1, 2009 Service Bancorp, MHC MA Middlesex Bancorp MHC
Jul 1, 2009 Constar Credit Union GA Pinnacle Credit Union
Jul 1, 2009 Alisos Credit Union CA Camino Federal Credit Union
Jul 1, 2009 Merrill Lynch Bank USA UT Bank of America, N.A.
Jul 1, 2009 Lifetime Credit Union WI Landmark Credit Union
Jul 1, 2009 Tabor Enterprises, Inc. IA Glenwood Bancorporation
Jul 1, 2009 SCC Resources, Inc. OH Civista Bank
Jul 1, 2009 American River Healthpro Credit Union CA S a F E Credit Union
Jul 1, 2009 Daco Federal Credit Union KY Green River Area Federal Credit Union
Jul 1, 2009 Strata Bank MA Middlesex Savings Bank
Jul 1, 2009 Two Rivers Bank & Trust IA Two Rivers Bank & Trust
Jun 30, 2009 Zions Municipal Funding, Inc. UT Zions Bancorporation
Jun 30, 2009 Diamond State Federal Credit Union DE Tidemark Federal Credit Union
Jun 30, 2009 Indiana Bellco Federal Credit Union PA I C Federal Credit Union
Jun 30, 2009 Hiawatha Bancshares, Inc. WI Lake Shore Wisconsin Corporation
Jun 30, 2009 Clare Bancorporation, Inc. WI Montfort Bancorporation, Inc.
Jun 30, 2009 Bainbridge Securities, Inc PA The PNC Financial Services Group, Inc.
Jun 29, 2009 Cmar Credit Union GA Ithink Financial Credit Union
Jun 27, 2009 Merchants Bank, National Association MN Merchants Bank, N.A.
Jun 27, 2009 Timberland Bank AR Uplift Bank
Jun 27, 2009 Marine Bank WI Cibm Bank
Jun 27, 2009 Merchants Bank, N.A. MN Merchants Bank, N.A.
Jun 24, 2009 First Gilmer (Delaware) Holdings, Ltd. DE First Gilmer Bankshares, Inc.
Jun 20, 2009 Twin City Bank AR Centennial Bank
Jun 20, 2009 Centennial Bank AR Centennial Bank
Jun 18, 2009 First National Bank at Marianna AR The Farmers & Merchants Bank
Jun 16, 2009 Bosque Delaware Financial Corporation DE Bosque Bancshares, Inc.
Jun 16, 2009 Live Oak Bancshares Corporation of Delaware DE Live Oak Bancshares Corporation
Jun 15, 2009 Norwood School Employees Federal Credit Union MA Arise Federal Credit Union
Jun 14, 2009 KC Councils Federal Credit Union MD Money One Federal Credit Union
Jun 13, 2009 SBT Bancshares of Delaware, Inc. DE SBT Bancshares, Inc.

The list holds 500 of the 566 mergers recorded for 2009.

Enforcement Actions in 2009

Action date Agency Institution Action
Jul 2, 2009 OCC_OTS Union Federal Savings Bank Cease and Desist: Union Federal Savings Bank
Jul 2, 2009
Released Jul 9, 2009		 FRB First State Bancorporation Written Agreement: First State Bancorporation, Albuquerque, New Mexico; First Community Bank, Taos, New Mexico
Jul 1, 2009 FRB (individual) Section 19 Letters: Betty French
Jun 30, 2009 OCC_OTS Ebank Prompt Corrective Action: ebank
Jun 30, 2009
Released Jul 7, 2009		 FRB Bankers' Bancorp, Inc. Written Agreement: Bankers' Bancorp, Inc., Springfield, Illinois; Independent Bankers' Bank, Springfield, Illinois
Jun 30, 2009 OCC_OTS Progressive-Home Federal Savings and Loan Association Termination of Cease and Desist: Progressive-Home Federal Savings and Loan Association
Jun 29, 2009 OCC City National Bank of New Jersey Formal Agreement: City National Bank of New Jersey
Jun 29, 2009
Released Jul 6, 2009		 FRB Amboy Bancorporation Written Agreement: Amboy Bancorporation, Old Bridge, New Jersey; Amboy Bank, Old Bridge, New Jersey
Jun 29, 2009 OCC_OTS American Express Bank, FSB Cease and Desist: American Express Bank, FSB
Jun 29, 2009 OCC_OTS American Express Bank, FSB Civil Money Penalty: American Express Bank, FSB
Jun 26, 2009 OCC_OTS Anchor Savings and Loan Association Cease and Desist: AnchorBank, FSB
Jun 26, 2009 OCC_OTS Anchor Bancorp Wisconsin, Inc. Cease and Desist: Anchor Bancorp Wisconsin, Inc.
Jun 26, 2009
Released Jun 30, 2009		 FRB AMCORE Financial, Inc. Written Agreement: AMCORE Financial, Inc., Rockford, Illinois
Jun 26, 2009 OCC AnchorBank, FSB Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Anchorbank,fsb
Jun 26, 2009 OCC Eastern National Bank Formal Agreement: Eastern National Bank
Jun 26, 2009 OCC National Banking Corp. Formal Agreement: First National Banking Company
Jun 25, 2009 OCC Stone County National Bancshares, Inc. Formal Agreement: Stone County National Bank
Jun 25, 2009 OCC First National Bank PLC Formal Agreement: First National Bank
Jun 25, 2009 OCC Castle Bank, National Association Formal Agreement: Castle Bank, National Association
Jun 25, 2009 OCC Albany Bank & Trust, National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Marbury, Lovic J.
Jun 25, 2009 OCC AMCORE Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Amcore Bank, National Association
Jun 24, 2009 OCC_OTS Federal Trust Bank, A Federal Savings Bank Termination of Prompt Corrective Action: Federal Trust Bank
Jun 24, 2009 OCC_OTS MetaBank Orders of Removal/Prohibition: Charlene M. Pickhinke
Jun 24, 2009 OCC_OTS Federal Trust Bank, A Federal Savings Bank Termination of Cease and Desist: Federal Trust Bank
Jun 24, 2009 OCC_OTS Federal Trust Corporation Termination of Cease and Desist: Federal Trust Corporation
Jun 23, 2009 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank
Jun 23, 2009 FRB (individual) Section 19 Letters: Kimberly Marie Handy
Jun 23, 2009 FRB (individual) Section 19 Letters: Crystal Anderson Conner
Jun 19, 2009
Released Jul 2, 2009		 FRB First Dupage Bancorp, Inc. Written Agreement: First DuPage Bancorp, Inc., Westmont, Illinois
Jun 19, 2009 OCC_OTS MainStreet Financial Corporation, MHC Cease and Desist: Mainstreet Financial Corporation, MHC
Jun 19, 2009 OCC Inter Savings Bank, Federal Savings Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Inter Savings Bank, FSB
Jun 19, 2009 OCC_OTS Inter Savings Bank, Federal Savings Bank Cease and Desist: Inter Savings Bank, FSB
Jun 19, 2009 OCC Bank of the Lakes, National Association Formal Agreement: Bank of The Lakes, National Association
Jun 19, 2009 OCC_OTS Aurora Service Corporation Amended Supervisory Agreements: Aurora Service Corporation
Jun 18, 2009 OCC Trustmark National Bank Prohibition/Removal Orders: Eskew, Julie A.
Jun 17, 2009 FRB State Bank Financial Section 19 Letters: Brian T. Fogarty
Jun 17, 2009
Released Jun 23, 2009		 FRB (individual) Written Agreement: CCB Financial Corporation, Jonesboro, Georgia
Jun 17, 2009 FRB Kanabec State Bank Section 19 Letters: Vanessa K. Peterson
Jun 17, 2009 OCC Gladewater National Bank Formal Agreement: Gladewater National Bank
Jun 17, 2009 OCC_OTS Roebling Bank Supervisory Agreement: Roebling Bank
Jun 16, 2009
Released Jun 25, 2009		 FRB IT&S of Iowa, Inc. Written Agreement: IT & S of Iowa, Inc., Oskaloosa, Iowa
Jun 16, 2009
Released Jun 18, 2009		 FRB Mirae Bancorp Written Agreement: Mirae Bancorp, Los Angeles, California
Jun 16, 2009
Released Jun 22, 2009		 FRB Alterra Bank Written Agreement: 1st Financial Bank, Overland Park, Kansas (Now known as Alterra Bank)
Jun 16, 2009 OCC Smartbiz Bank, N.A. Formal Agreement: Centrust Bank, National Association
Jun 15, 2009 OCC Bank of America, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Gurganus, William Ashley
Jun 15, 2009 OCC City National Bank of West Virginia Prohibition/Removal Orders: Mobley, Regina
Jun 15, 2009 OCC TD Bank, N.A. Prohibition/Removal Orders: Nixon, James V.
Jun 15, 2009
Released Jun 24, 2009		 FRB (individual) Prompt Corrective Action: BankFirst, Sioux Falls, South Dakota
Jun 15, 2009
Released Jun 18, 2009		 FRB (individual) Written Agreement: First National Bancshares, Inc., Spartanburg, South Carolina
Jun 15, 2009 OCC City National Bank of West Virginia Prohibition/Removal Orders: Gatens, Robin

FDIC Open-Bank Assistance in 2009

Date Institution HQ Assets
Jan 16, 2009 Bank of America N.A. Charlotte, NC $1.47T
Jan 16, 2009 FIA Card Services N.A. Wilmington, DE $159.64B
Jan 16, 2009 Countrywide Bank FSB Alexandria, VA $117.98B
Jan 16, 2009 Merrill Lynch Bank USA Salt Lake City, UT $61.81B
Jan 16, 2009 Merrill Lynch Bank & Trust Co FSB New York, NY $37.99B
Jan 16, 2009 Bank of America Rhode Island N.A. Providence, RI $35.41B
Jan 16, 2009 Bank of America California N.A. San Francisco, CA $21.50B
Jan 16, 2009 Bank of America Oregon N.A. Portland, OR $11.53B

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