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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
Dec 18, 2009 First Federal Bank of California, a Federal Savings Bank Santa Monica, CA $6.14B Onewest Bank, FSB
Dec 18, 2009 Imperial Capital Bank La Jolla, CA $4.05B City National Bank
Dec 18, 2009 Peoples First Community Bank Panama City, FL $1.80B Hancock Bank
Dec 18, 2009 New South Federal Savings Bank Irondale, AL $1.46B Beal Bank
Dec 18, 2009 Independent Bankers' Bank Springfield, IL $585.5M The Independent Bankersbank
Dec 18, 2009 Rockbridge Commercial Bank Atlanta, GA $294.0M —
Dec 18, 2009 Citizens State Bank New Baltimore, MI $168.6M —
Dec 11, 2009 Solutionsbank Overland Park, KS $511.1M Arvest Bank
Dec 11, 2009 Republic Federal Bank, N.A. Miami, FL $433.0M 1st United Bank
Dec 11, 2009 Valley Capital Bank, N.A. Mesa, AZ $40.3M Enterprise Bank & Trust
Dec 4, 2009 Amtrust Bank Cleveland, OH $11.44B New York Community Bank
Dec 4, 2009 The Buckhead Community Bank Atlanta, GA $856.2M State Bank and Trust Company
Dec 4, 2009 Greater Atlantic Bank Reston, VA $203.3M Sonabank
Dec 4, 2009 Benchmark Bank Aurora, IL $173.1M MB Financial, N.A.
Dec 4, 2009 First Security National Bank Norcross, GA $127.5M State Bank and Trust Company
Dec 4, 2009 The Tatnall Bank Reidsville, GA $49.6M Heritagebank of the South
Nov 20, 2009 Commerce Bank of Southwest Florida Fort Myers, FL $71.0M Central Bank
Nov 13, 2009 Orion Bank Naples, FL $2.61B Iberiabank
Nov 13, 2009 Century Bank, a Federal Savings Bank Sarasota, FL $755.9M Iberiabank
Nov 13, 2009 Pacific Coast National Bank San Clemente, CA $131.4M Sunwest Bank
Nov 6, 2009 United Commercial Bank San Francisco, CA $10.90B East West Bank
Nov 6, 2009 Prosperan Bank Oakdale, MN $197.4M Alerus Financial, N.A.
Nov 6, 2009 United Security Bank Sparta, GA $153.6M Ameris Bank
Nov 6, 2009 Gateway Bank of St Louis St Louis, MO $26.9M Central Bank of Kansas City
Nov 6, 2009 Home Federal Savings Bank Detroit, MI $13.0M Liberty Bank and Trust Company
Oct 30, 2009 California National Bank Los Angeles, CA $7.78B U.S. Bank, N.A.
Oct 30, 2009 Park National Bank Chicago, IL $4.68B U.S. Bank, N.A.
Oct 30, 2009 San Diego National Bank San Diego, CA $3.59B U.S. Bank, N.A.
Oct 30, 2009 Pacific National Bank San Francisco, CA $2.32B U.S. Bank, N.A.
Oct 30, 2009 North Houston Bank Houston, TX $325.5M U.S. Bank, N.A.
Oct 30, 2009 Madisonville State Bank Madisonville, TX $256.3M U.S. Bank, N.A.
Oct 30, 2009 Bank USA, N.A. Phoenix, AZ $213.2M U.S. Bank, N.A.
Oct 30, 2009 Citizens National Bank Teague, TX $118.2M U.S. Bank, N.A.
Oct 30, 2009 Community Bank of Lemont Lemont, IL $81.8M U.S. Bank, N.A.
Oct 23, 2009 Bank of Elmwood Racine, WI $327.4M Tri City National Bank
Oct 23, 2009 First Dupage Bank Westmont, IL $262.1M First Midwest Bank
Oct 23, 2009 Flagship National Bank Bradenton, FL $177.6M First Federal Bank of Florida
Oct 23, 2009 American United Bank Lawrenceville, GA $110.1M Ameris Bank
Oct 23, 2009 Riverview Community Bank Ostego, MN $99.1M Central Bank
Oct 23, 2009 Hillcrest Bank Florida Naples, FL $82.8M Stonegate Bank
Oct 23, 2009 Partners Bank Naples, FL $65.5M Stonegate Bank
Oct 16, 2009 San Joaquin Bank Bakersfield, CA $766.4M Citizens Business Bank
Oct 2, 2009 Warren Bank Warren, MI $504.8M The Huntington National Bank
Oct 2, 2009 Jennings State Bank Spring Grove, MN $52.3M Central Bank
Oct 2, 2009 Southern Colorado National Bank Pueblo, CO $37.1M Legacy Bank
Sep 25, 2009 Georgian Bank Atlanta, GA $2.23B First Citizens Bank & Trust Company
Sep 18, 2009 Irwin Union Bank and Trust Company Columbus, IN $2.84B First Financial Bank, N.A.
Sep 18, 2009 Irwin Union Bank, FSB Louisville, KY $518.2M First Financial Bank, N.A.
Sep 11, 2009 Corus Bank, N.A. Chicago, IL $7.00B MB Financial, N.A.
Sep 11, 2009 Venture Bank Lacey, WA $968.4M First-Citizens Bank & Trust Company

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
Apr 1, 2009 J P C Employees Credit Union IL U.S. Employees Credit Union
Apr 1, 2009 Statesman Federal Credit Union ID Les Bois Credit Union
Apr 1, 2009 Cavalier Federal Credit Union OH Associated School Employees Credit Union, Inc.
Apr 1, 2009 Sacramento County Grange Federal Credit Union CA Big Valley Federal Credit Union
Apr 1, 2009 Bayway P D C P C Federal Credit Union NJ Elizabeth, NJ Firemen's Federal Credit Union
Apr 1, 2009 Old Forge Bank PA Penn Security Bank and Trust Company
Apr 1, 2009 H. R. C. Employees Federal Credit Union PA PPG & Associates Federal Credit Union
Mar 31, 2009 Oakland Commerce Bank MI Talmer West Bank
Mar 31, 2009 Graystone Financial Corp PA Tower Bancorp Inc.
Mar 31, 2009 Florida Bank of Jacksonville FL Florida Bank
Mar 31, 2009 The Bank of Tallahassee FL Florida Bank
Mar 31, 2009 Detroit Commerce Bank MI Talmer West Bank
Mar 31, 2009 Community Bank, National Association TN Community Bank, North Mississippi
Mar 31, 2009 Kent Commerce Bank MI Talmer West Bank
Mar 31, 2009 Muskegon Commerce Bank MI Talmer West Bank
Mar 31, 2009 Brighton Commerce Bank MI Talmer West Bank
Mar 31, 2009 Macomb Community Bank MI Talmer West Bank
Mar 31, 2009 The First National Bank of Greencastle PA Graystone Tower Bank
Mar 31, 2009 Grand Haven Bank MI Talmer West Bank
Mar 31, 2009 L M P Federal Credit Union PA Transit Workers Federal Credit Union
Mar 31, 2009 Portage Commerce Bank MI Talmer West Bank
Mar 31, 2009 AB&T National Bank AL AB&T
Mar 31, 2009 Fort Snelling Federal Credit Union MN Hiway Credit Union
Mar 31, 2009 Congoleum Industries Federal Credit Union NJ Hamilton Horizons Federal Credit Union
Mar 27, 2009 Huntsville Holdings, Inc. DE Sam Houston Financial Corp.
Mar 26, 2009 TBH Nevada Corporation NV Henderson Texas Bancshares, Inc.
Mar 21, 2009 Dakota Heritage Bank ND Dakota Heritage Bank
Mar 21, 2009 Community Bank AR Centennial Bank
Mar 21, 2009 Bank of Mountain View AR Centennial Bank
Mar 21, 2009 State Bank of Tower MN Queen City Federal Savings Bank
Mar 20, 2009 Lake Street 'L' Federal Credit Union IL North Side L Federal Credit Union
Mar 18, 2009 Gunite Employees Credit Union IL Generations Credit Union
Mar 16, 2009 Inkom Cement Employees Credit Union ID Connections Credit Union
Mar 14, 2009 Sumter Bank and Trust Company GA SB&T Bank
Mar 13, 2009 Marsh Employees Federal Credit Union IN Indiana Members Credit Union
Mar 13, 2009 Tradition Bancshares of Delaware, Inc. DE Tradition Bancshares, Inc.
Mar 11, 2009 Waterloo Bancshares, Inc. IL Midland States Bancorp, Inc.
Mar 7, 2009 The State Bank of Viroqua WI Baraboo State Bank
Mar 6, 2009 First Community Bank East Texas, National Association TX First Community Bank, N.A.
Mar 5, 2009 Union Grove Baptist Church Federal Credit Union OH Whitehall Credit Union
Mar 3, 2009 Summit Credit Union MT Altana Federal Credit Union
Mar 2, 2009 Foundation Federal Credit Union LA Jefferson Financial Federal Credit Union
Mar 2, 2009 N F a N G Federal Credit Union NY Niagara Falls a F Federal Credit Union
Mar 2, 2009 Capcom Credit Union MI Dfcu Financial
Mar 1, 2009 Associated Blind of Oklahoma/Texas Federal Credit Union OK Tinker Federal Credit Union
Mar 1, 2009 Rossville Bank GA Community National Bank
Mar 1, 2009 Holmes Washington Credit Union FL Community South Credit Union
Mar 1, 2009 Reymet Community Federal Credit Union VA Partners Financial Federal Credit Union
Mar 1, 2009 Shreveport Cotton Belt Federal Credit Union LA Bossier Federal Credit Union
Feb 28, 2009 Popular Finance, Inc. PR Banco Popular de Puerto Rico

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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