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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
Jun 13, 2009 FSB of Yoakum, Inc. DE First State Bancshares of Yoakum, Inc.
Jun 12, 2009 Union Bancshares of Benton, Inc. AR First Security Bancorp
Jun 12, 2009 The Union Bank of Benton AR First Security Bank
Jun 11, 2009 WNB Financial Services, Inc. TX WNB Bancshares, Inc.
Jun 9, 2009 The Apple Valley Bank & Trust Company CT New England Bank
Jun 4, 2009 First Burkburnett Nevada Financial Corporation NV First Burkburnett Bancshares, Inc.
Jun 1, 2009 Desert Energy Credit Union AZ Pima Federal Credit Union
Jun 1, 2009 Retail Employee Credit Union GA Georgia's Own Credit Union
Jun 1, 2009 Landmark Mortgage Company IN First Internet Bancorp
Jun 1, 2009 American Bancorp of New Jersey, Inc. NJ Investors Bancorp, Inc.
Jun 1, 2009 Glassworkers Works No. 14 Credit Union IL Land of Lincoln Credit Union
Jun 1, 2009 El Camino College Federal Credit Union CA Schoolsfirst Federal Credit Union
Jun 1, 2009 Avibank Employees Federal Credit Union CA Prospectors Federal Credit Union
Jun 1, 2009 Rawhide Credit Union IL Alero Financial Credit Union
Jun 1, 2009 Pennwalt Employees Credit Union MI Nupath Community Credit Union
Jun 1, 2009 Ryerson Employees Credit Union IL South Division Credit Union
Jun 1, 2009 Local 219 Federal Credit Union OH B F G Federal Credit Union
Jun 1, 2009 First Financial Community Federal Credit Union TX Security First Federal Credit Union
Jun 1, 2009 National Science Foundation Federal Credit Union VA The Partnership Federal Credit Union
Jun 1, 2009 Tonawanda School Employees Federal Credit Union NY Tonawanda Community Federal Credit Union
Jun 1, 2009 Grocers Financial Services Federal Credit Union AR United Arkansas Federal Credit Union
Jun 1, 2009 Alabama 1st Capital Credit Union AL Alabama One Credit Union
Jun 1, 2009 Memorial Health System Employees Credit Union IL Heartland Credit Union
Jun 1, 2009 Community Trust Credit Union CA Self-Help Federal Credit Union
Jun 1, 2009 American Bank of New Jersey NJ Investors Bank
Jun 1, 2009 McNairy County Educational Credit Union TN McNairy Employees Credit Union
Jun 1, 2009 Chicanos Por La Causa Federal Credit Union AZ Marisol Federal Credit Union
Jun 1, 2009 Steinbeck Credit Union CA The Golden 1 Credit Union
May 31, 2009 Mason National Bancshares of Nevada, Inc. NV Mason Bancshares, Inc.
May 31, 2009 Ohio Carpenters Federal Credit Union OH Saints Margaret & Gregory Federal Credit Union
May 31, 2009 Nationsheritage Federal Credit Union MA HarborOne Bank
May 31, 2009 Church Capital Management LLC PA The PNC Financial Services Group, Inc.
May 30, 2009 First American Federal Credit Union CA Intouch Credit Union
May 30, 2009 Bank of Canton PA Chemung Canal Trust Company, N.A.
May 30, 2009 Montana State Hospital Credit Union MT Edtech Federal Credit Union
May 30, 2009 Providence Bank FL Florida Traditions Bank
May 30, 2009 Canton Bancorp, Inc. PA Chemung Financial Corporation
May 30, 2009 International Bank CO Inbank
May 28, 2009 Self Locking Employees Credit Union IL Streator Onized Credit Union
May 27, 2009 Lee County Bancshares, Inc AR Farmers and Merchants Bankshares, Inc.
May 27, 2009 Pennsylvania Business Bank PA Nova Bank
May 26, 2009 Bear Stearns Financial Products Inc. NY JPMorgan Chase Bank, N.A.
May 23, 2009 Armstrong Employees Credit Union AL New Horizons Credit Union
May 23, 2009 Court Square Leasing Corporation MD Manufacturers and Traders Trust Company
May 23, 2009 Provident Bankshares Corporation MD Wilmington Trust Corporation
May 23, 2009 Provident Bank of Maryland MD Manufacturers and Traders Trust Company
May 15, 2009 First Bank of West Texas TX Western Bank
May 12, 2009 Dresdner Bank Aktiengesellschaft — Commerzbank Aktiengesellschaft
May 9, 2009 Gateway Bank & Trust Company NC Xenith Bank
May 9, 2009 Benjamin Franklin Bank MA Rockland Trust Company

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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