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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
Jun 19, 2009 Cooperative Bank Wilmington, NC $966.8M First Bank
Jun 19, 2009 Southern Community Bank Fayetteville, GA $371.7M United Community Bank
Jun 19, 2009 First National Bank of Anthony Anthony, KS $157.0M Bank of Kansas
Jun 5, 2009 Bank of Lincolnwood Lincolnwood, IL $212.7M Republic Bank of Chicago
May 22, 2009 Strategic Capital Bank Champaign, IL $546.6M Midland States Bank
May 22, 2009 Citizens National Bank Macomb, IL $438.6M Morton Community Bank
May 21, 2009 BankUnited, FSB Coral Gables, FL $13.11B BankUnited
May 8, 2009 Westsound Bank Bremerton, WA $334.6M Kitsap Bank
May 1, 2009 Silverton Bank, N.A. Atlanta, GA $4.16B —
May 1, 2009 America West Bank Layton, UT $281.6M Cache Valley Bank
May 1, 2009 Citizens Community Bank Ridgewood, NJ $40.7M North Jersey Community Bank
Apr 24, 2009 First Bank of Beverly Hills Calabasas, CA $1.26B —
Apr 24, 2009 First Bank of Idaho, FSB Ketchum, ID $490.7M U.S. Bank, N.A.
Apr 24, 2009 Michigan Heritage Bank Farmington Hills, MI $167.7M Level One Bank
Apr 24, 2009 American Southern Bank Kennesaw, GA $106.0M Bank of North Georgia
Apr 17, 2009 Great Basin Bank of Nevada Elko, NV $238.9M Nevada State Bank
Apr 17, 2009 American Sterling Bank Sugar Creek, MO $166.5M Metcalf Bank
Apr 10, 2009 New Frontier Bank Greeley, CO $1.77B —
Apr 10, 2009 Cape Fear Bank Wilmington, NC $492.4M First Federal Savings and Loan Association of Charleston
Mar 27, 2009 Omni National Bank Atlanta, GA $979.6M —
Mar 20, 2009 Teambank, N.A. Paola, KS $669.8M Great Southern Bank
Mar 20, 2009 Firstcity Bank Stockbridge, GA $285.0M —
Mar 20, 2009 Colorado National Bank Colorado Springs, CO $123.5M Herring Bank
Mar 6, 2009 Freedom Bank of Georgia Commerce, GA $172.5M Northeast Georgia Bank
Feb 27, 2009 Security Savings Bank Henderson, NV $238.3M Bank of Nevada
Feb 27, 2009 Heritage Community Bank Glenwood, IL $235.2M MB Financial Bank, N.A.
Feb 20, 2009 Silver Falls Bank Silverton, OR $134.2M Citizens Bank
Feb 13, 2009 Riverside Bank of the Gulf Coast Cape Coral, FL $523.7M TIB Bank
Feb 13, 2009 Corn Belt Bank and Trust Company Pittsfield, IL $260.2M The Carlinville National Bank
Feb 13, 2009 Sherman County Bank Loup City, NE $135.4M Heritage Bank
Feb 13, 2009 Pinnacle Bank Beaverton, OR $71.9M Washington Trust Bank
Feb 6, 2009 County Bank Merced, CA $1.71B Westamerica Bank
Feb 6, 2009 Alliance Bank Culver City, CA $1.11B California Bank and Trust
Feb 6, 2009 FirstBank Financial Services McDonough, GA $317.2M Regions Bank
Jan 30, 2009 Suburban Federal Savings Bank Crofton, MD $347.4M Bank of Essex
Jan 30, 2009 Magnet Bank Salt Lake City, UT $300.7M —
Jan 30, 2009 Ocala National Bank Ocala, FL $219.4M Centerstate Bank of Florida, N.A.
Jan 23, 2009 1st Centennial Bank Redlands, CA $798.0M First California Bank
Jan 16, 2009 Bank of Clark County Vancouver, WA $441.1M Umpqua Bank
Jan 16, 2009 National Bank of Commerce Berkeley, IL $419.7M Republic Bank of Chicago

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
Oct 1, 2009 Jackson County Federal Employees Credit Union MS Navigator Federal Credit Union
Oct 1, 2009 Monroe Area Federal Credit Union MI Monroe Community Credit Union
Oct 1, 2009 Telco Federal Credit Union NY Empower Federal Credit Union
Oct 1, 2009 Berks Community Federal Credit Union PA Bellco Federal Credit Union
Oct 1, 2009 Warren-Niles Republic Employees Federal Credit Union OH Edison Financial Credit Union, Incorporated
Oct 1, 2009 Okc Thrift Federal Credit Union OK Oklahoma's Federal Credit Union
Oct 1, 2009 GPC Credit Association GA Georgia's Own Credit Union
Oct 1, 2009 Merchants Trust Company VT Merchants Bank
Oct 1, 2009 E1 Financial Credit Union CA Nuvision Federal Credit Union
Oct 1, 2009 Atlas Empl Federal Credit Union LA Bossier Federal Credit Union
Oct 1, 2009 Community First Bank IN First Savings Bank
Sep 30, 2009 Horizon Trust and Investment Management, N.A. IN Horizon Bank
Sep 30, 2009 Fifth Third Bank, National Association TN Fifth Third Bank, N.A.
Sep 30, 2009 Fifth Third Bank MI Fifth Third Bank, N.A.
Sep 30, 2009 Spirit of Saint Louis Credit Union MO Vantage Credit Union
Sep 30, 2009 U.S. First Credit Union CA The Golden 1 Credit Union
Sep 30, 2009 National City Business Credit, Inc. OH National City Bank
Sep 29, 2009 Oakland Deposit Bank TN The Farmers Bank of Lynchburg
Sep 29, 2009 WNB Financial Corp. DE WNB Bancshares, Inc.
Sep 26, 2009 The First Western Bank Sturgis SD First Interstate Bank
Sep 26, 2009 First Western Bank SD First Interstate Bank
Sep 26, 2009 Lafayette Bank and Trust Company, National Association IN First Merchants Bank
Sep 26, 2009 Commerce Bank of Wyoming, N.A. WY Nebraskaland Bank
Sep 26, 2009 The Bank of Venice FL TIB Bank
Sep 26, 2009 Guaranty Financial Services, Inc. WV First Sentry Bancshares, Inc.
Sep 26, 2009 Guaranty Bank & Trust Company WV First Sentry Bank, Inc.
Sep 26, 2009 Commerce National Bank OH First Merchants Bank
Sep 26, 2009 First National Building Corporation PA First National Bank of Pennsylvania
Sep 26, 2009 First Merchants Bank of Central Indiana, National Association IN First Merchants Bank
Sep 25, 2009 Texas First Bank - Winnie TX Texas First Bank
Sep 23, 2009 Zmfu, Inc. UT Zions Bancorporation
Sep 19, 2009 Yuma Community Bank AZ The Foothills Bank
Sep 18, 2009 Fico, Inc. NE First State Holding Co.
Sep 18, 2009 Filley Bank NE First State Bank Nebraska
Sep 15, 2009 B & O Employees Credit Union IL Land of Lincoln Credit Union
Sep 12, 2009 Hagerstown Trust Company MD The Columbia Bank
Sep 11, 2009 Central Bank of the South AL BBVA USA
Sep 11, 2009 BBVA Bancomer USA CA BBVA USA
Sep 5, 2009 Vertagreen Credit Union AL Valley Credit Union
Sep 2, 2009 Rio Delaware Corporation DE Rio Financial Services, Inc.
Sep 1, 2009 Bankers Trust Company, National Association AZ Bankers Trust Company
Sep 1, 2009 Bank of Gower MO The Union State Bank of Everest
Sep 1, 2009 Kerr Employees Credit Union MI Public Service Credit Union
Sep 1, 2009 Mount Sinai Federal Credit Union FL Peoples Credit Union
Sep 1, 2009 Costa Mesa Federal Credit Union CA Nuvision Federal Credit Union
Sep 1, 2009 Service Plus Credit Union CA Schoolsfirst Federal Credit Union
Sep 1, 2009 Milepost Credit Union WA Sound Credit Union
Sep 1, 2009 Cma Credit Union AL Southern Energy Credit Union
Sep 1, 2009 JN Pease Employees Credit Union NC Greater Piedmont Credit Union
Sep 1, 2009 Hickory Printing Group Savings Plan Credit Union NC Summit Credit Union

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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