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
Aug 31, 2009	Dynamic Healthcare Employees Federal Credit Union	IN	Centurion Federal Credit Union
Aug 31, 2009	Free Choice Federal Credit Union	PA	Trumark Credit Union
Aug 31, 2009	First Security Credit Union	WI	Landmark Credit Union
Aug 31, 2009	Allco Credit Union	WI	Landmark Credit Union
Aug 29, 2009	Busey Bank, National Association	FL	Busey Bank
Aug 29, 2009	The First National Bank of Ekalaka	MT	Summit National Bank
Aug 28, 2009	SC Firefighters Federal Credit Union	SC	CPM Federal Credit Union
Aug 27, 2009	RBC Bank (Georgia)	GA	RBC Bank (Georgia), N.A.
Aug 22, 2009	PNC Bank, Delaware	DE	PNC Bank, N.A.
Aug 22, 2009	CB Bancorp, Inc.	OH	Merchants Bancorp, Inc.
Aug 22, 2009	The Citizens Bank of Higginsport, Ohio	OH	Merchants National Bank
Aug 20, 2009	Perryton Holdings, Inc.	NV	Perryton Bancshares, Inc.
Aug 15, 2009	The Peoples Bank of Elkton	MD	The Columbia Bank
Aug 15, 2009	Milton Investments, Inc.	WI	Bank of Milton
Aug 14, 2009	First Boulder Valley Bank	MT	Madison Valley Bank
Aug 8, 2009	Citizens State Bank	NE	The Tilden Bank
Aug 8, 2009	Castle Bank & Trust Company	CT	ION Bank
Aug 8, 2009	First Texas Bank	TX	First Texas Bank
Aug 1, 2009	First Platteville Investment Corporation	NV	The First National Bank of Platteville
Aug 1, 2009	TriStone Community Bank	NC	First Community Bank
Aug 1, 2009	Massbank Corp.	DE	Eastern Bankshares Inc
Aug 1, 2009	Cityside Federal Credit Union	CA	Southland Credit Union
Aug 1, 2009	Mutual Federal Credit Union	OH	Glass City Federal Credit Union
Aug 1, 2009	Ward Paper Company Employees Credit Union	WI	Park City Credit Union
Aug 1, 2009	Oregon Territory Federal Credit Union	OR	Rivermark Community Credit Union
Aug 1, 2009	Greater Warren Community Federal Credit Union	OH	Associated School Employees Credit Union, Inc.
Aug 1, 2009	Lynchburg Foundry Federal Credit Union	VA	Beacon Credit Union Incorporated
Aug 1, 2009	Mount Horeb Baptist Church Federal Credit Union	DC	Library of Congress Federal Credit Union
Jul 30, 2009	Chevy Chase Bank, Federal Savings Bank	VA	Capital One, N.A.
Jul 28, 2009	Unicorp Federal Credit Union	IN	Everwise Credit Union
Jul 25, 2009	Valley Bank Minnesota	MN	Valley Bank
Jul 25, 2009	Discovery Bank	CA	Commercewest Bank
Jul 21, 2009	Brenham National Holding Corporation	NV	Brenham Bancshares, Inc.
Jul 20, 2009	Southern Bank of Commerce	AR	Southern Bank
Jul 18, 2009	Citizens State Bank	IA	Fidelity Bank & Trust
Jul 18, 2009	EastBank	MN	Franklin National Bank of Minneapolis
Jul 17, 2009	Hocking Valley Credit Union, Inc.	OH	Atomic Credit Union, Inc.
Jul 17, 2009	Kabel Federal Credit Union	OH	Oucu Financial Credit Union, Inc.
Jul 16, 2009	Yamaha Employees Federal Credit Union	CA	Center City Community Credit Union
Jul 16, 2009	The Citizens State Bank of Pomona	KS	Goppert State Service Bank
Jul 14, 2009	Chevy Chase Preferred Capital Corporation	MD	Chevy Chase Bank, Federal Savings Bank
Jul 11, 2009	The State Bank of Lebo	KS	The Farmers State Bank of Aliceville, Kansas
Jul 11, 2009	Town & Country Bank	IL	Town And Country Bank
Jul 7, 2009	The First Bank, Roxton, Texas	TX	Security Bank of Texas
Jul 7, 2009	Roxton Corporation	TX	First Bancshares of Texas, Inc.
Jul 6, 2009	The Bank of New York Trust Company	NY	BNY Mellon, N.A.
Jul 2, 2009	Fort Worth Bancshares, Inc.	TX	Southside Bancshares, Inc.
Jul 1, 2009	Chatham Employees Credit Union	NC	Members Credit Union
Jul 1, 2009	Sutton State Bank	NE	Astra Bank
Jul 1, 2009	Local 542 District III O East Federal Credit Union	PA	Ufcw Community Federal Credit Union

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

Enforcement Actions in 2009

Action date	Agency	Institution	Action
Jun 11, 2009	OCC_OTS	Peoples Community Bank	Prompt Corrective Action: Peoples Community Bank
Jun 11, 2009	OCC	United Community Bank, National Association	Formal Agreement: United Community Bank, National Association
Jun 11, 2009	OCC_OTS	Omniamerican Bancorp, Inc.	Termination of Cease and Desist: OmniAmerican Bank
Jun 9, 2009 Released Jun 10, 2009	FRB	Nexity Financial Corporation	Cease and Desist Order: Nexity Financial Corporation, Birmingham, Alabama
Jun 9, 2009	OCC	The Citizens National Bank	Formal Agreement: The Citizens National Bank
Jun 9, 2009	OCC	The First National Bank of Barnesville	Formal Agreement: The First National Bank of Barnesville
Jun 9, 2009	OCC	Fidelity Bank of Florida, N.A.	Formal Agreement: Fidelity Bank of Florida, National Association
Jun 9, 2009	FRB	Evb	Section 19 Letters: Bernard J. Brown, Jr.
Jun 8, 2009	OCC_OTS	(individual)	Modification to Cease and Desist: Robert F. Eberle, Jr.
Jun 8, 2009 Released Jun 11, 2009	FRB	Seb Bancorp, Inc.	Written Agreement: SEB Bancorp, Inc., Marietta, Georgia
Jun 8, 2009	OCC_OTS	Seattle Financial Group, Inc.	Cease and Desist: Seattle Financial Group, Inc.
Jun 8, 2009	OCC_OTS	(individual)	Termination of Cease and Desist: First Federal Savings of Middleton
Jun 5, 2009	OCC	Alabama Trust Bank, N.A.	Formal Agreement: Alabama Trust Bank, National Association
Jun 5, 2009	OCC_OTS	Liberty Centre Bancorp, Inc.	Supervisory Agreement: Liberty Centre Bancorp, Inc.
Jun 5, 2009	OCC_OTS	Liberty Savings Bank	Supervisory Agreement: Liberty Savings Bank, F.S.B.
Jun 5, 2009	FRB	Regions Bank	Section 19 Letters: Phyllis Ann Greene
Jun 5, 2009	FRB	Suntrust Bank	Section 19 Letters: Shannon R. Dillehay
Jun 5, 2009 Released Jun 10, 2009	FRB	(individual)	Written Agreement: Sterling Bank, Lantana, Florida
Jun 4, 2009	OCC	First National Bank of Danville	Prompt Corrective Action (PCA) Directive: The First National Bank of Danville
Jun 3, 2009	OCC	Community National Bank of Sarasota County	Prompt Corrective Action (PCA) Directive: Community National Bank of Sarasota County
Jun 3, 2009	OCC	Meridian Bank, National Association	Formal Agreement: Meridian Bank, National Association
Jun 3, 2009	OCC	Community National Bank of Sarasota County	Capital Directive: Community National Bank of Sarasota County
Jun 2, 2009	OCC	Mountain National Bank	Formal Agreement: Mountain National Bank
Jun 2, 2009	OCC	Valley National Bank	Formal Agreement: Valley National Bank
Jun 1, 2009 Released Jun 4, 2009	FRB	Tradition Bank	Written Agreement: Tradition Bancshares, Inc., Houston, Texas; Tradition Bank, Houston, Texas
Jun 1, 2009 Released Jun 8, 2009	FRB	First Commerce Community Bankshares, Inc.	Written Agreement: First Commerce Community Bankshares, Inc., Douglasville, Georgia
May 29, 2009	OCC_OTS	Southbank, Federal Savings Bank	Termination of Cease and Desist: SOUTHBank, a FSB
May 29, 2009	OCC_OTS	MainStreet Savings Bank, FSB	Cease and Desist: Mainstreet Savings Bank, FSB
May 29, 2009	OCC_OTS	SouthBank, a Federal Savings Bank	Termination of Cease and Desist: SOUTHBank, a FSB
May 28, 2009	OCC_OTS	First Federal Bank of California, a Federal Savings Bank	Amended Orders to Cease and Desist: First Federal Bank of California, FSB
May 28, 2009	OCC_OTS	Pathfinder Bank	Supervisory Agreement: Pathfinder MHC
May 28, 2009	OCC_OTS	Firstfed Financial Corporation	Amended Orders to Cease and Desist: Firstfed Financial Corporation
May 28, 2009	OCC	California National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): California National Bank
May 27, 2009 Released May 29, 2009	FRB	W Holding Company, Inc.	Written Agreement: W Holding Company, Inc., Mayaguez, Puerto Rico
May 27, 2009 Released May 28, 2009	FRB	Neighborhood Community Bank	Prompt Corrective Action: Neighborhood Community Bank, Newnan, Georgia
May 27, 2009	OCC	The University National Bank of Lawrence	Formal Agreement: The University National Bank of Lawrence
May 26, 2009	OCC	Integra Bank N.A.	Civil Money Penalty (CMP): Integra Bank National Association
May 22, 2009	FRB	Suntrust Bank	Section 19 Letters: Jamie P. Haynes
May 22, 2009	OCC_OTS	Greater Atlantic Bank	Prompt Corrective Action: Greater Atlantic Bank
May 21, 2009	OCC_OTS	Southbank, Federal Savings Bank	Cease and Desist: SOUTHBank, a Federal Savings Bank
May 21, 2009	OCC_OTS	SouthBank, a Federal Savings Bank	Supervisory Agreement: SOUTHBank, a Federal Savings Bank
May 21, 2009	OCC	Southbank, Federal Savings Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Southbank, A Federal Savings Bank
May 21, 2009	OCC	Bank of the Rockies	Formal Agreement: Bank of The Rockies, National Association
May 21, 2009	OCC	SouthBank, a Federal Savings Bank	Formal Agreement: Southbank, A Federal Savings Bank
May 21, 2009 Released May 27, 2009	FRB	Community Bank of Nevada	Written Agreement: Community Bancorp, Las Vegas, Nevada; Community Bank of Nevada, Las Vegas, Nevada
May 21, 2009	OCC_OTS	Commonwealth Savingshares Corporation	Supervisory Agreement: Commonwealth Savingshares Corporation
May 20, 2009	OCC	Integra Bank N.A.	Formal Agreement: Integra Bank National Association
May 19, 2009 Released May 21, 2009	FRB	Community Bank of West Georgia	Prompt Corrective Action: Community Bank of West Georgia, Villa Rica, Georgia
May 19, 2009	OCC	Community State Bank, National Association	GLBA Agreement: Community State Bank, National Association
May 18, 2009	OCC_OTS	Universal Bank	Cease and Desist: Universal Bank

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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