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
Feb 28, 2009	Vermillion Bankshares, Inc.	KS	First Centralia Bancshares, Inc.
Feb 28, 2009	Vermillion State Bank	KS	First Heritage Bank
Feb 28, 2009	Boston Globe Employees Credit Union	MA	Metro Credit Union
Feb 27, 2009	Central Bancshares of Delaware, Inc.	DE	Central Bancshares, Inc.
Feb 21, 2009	The First Bremen Bank	OH	Vinton County National Bank
Feb 21, 2009	First National Bank of Monahans	TX	Security Bank
Feb 21, 2009	First Bank	TX	Pinnacle Bank
Feb 21, 2009	Keene Bancorp, Inc.	TX	Pinnacle Bancorp, Inc.
Feb 21, 2009	Nichols Bancshares, Inc.	DE	Pinnacle Bancorp, Inc.
Feb 21, 2009	Wood Financial Group, Inc.	DE	Pinnacle Bancorp, Inc.
Feb 21, 2009	First Azle Bancshares, Inc.	TX	Pinnacle Bancorp, Inc.
Feb 21, 2009	Bible Based Fellowship Federal Credit Union	FL	Tampa Bay Federal Credit Union
Feb 20, 2009	Canisteo Savings and Loan Association	NY	Steuben Trust Company
Feb 14, 2009	Commercial State Bank of Waterloo	IL	Midland States Bank
Feb 13, 2009	Globe Homestead Savings Bank	LA	First Bank and Trust
Feb 11, 2009	Nacogdoches Bancshares of Delaware, Inc.	DE	Nacogdoches Commercial Bancshares, Inc.
Feb 5, 2009	Unistar Federal Credit Union	NY	Usalliance Federal Credit Union
Feb 4, 2009	Valeo Employees' Federal Credit Union	NY	Greater Chautauqua Federal Credit Union
Feb 2, 2009	CCSD Federal Credit Union	NY	First Heritage Federal Credit Union
Feb 2, 2009	U.A.W. Local 55 Federal Credit Union	NY	Western Division Federal Credit Union
Feb 2, 2009	Wells Fargo Financial Bank	SD	Wells Fargo Bank, N.A.
Feb 2, 2009	Workforce Credit Union	TX	Tarrant County's Credit Union
Feb 1, 2009	The First National Bank of Morgan	UT	1st Bank
Feb 1, 2009	SLH Federal Credit Union	KY	Cove Federal Credit Union
Feb 1, 2009	Bishop De Mazenod Federal Credit Union	TX	Saint Stephens Federal Credit Union
Feb 1, 2009	Tricare Federal Credit Union	NJ	Central Jersey Federal Credit Union
Jan 31, 2009	Riverton Educators Federal Credit Union	WY	Grand Altitude Federal Credit Union
Jan 31, 2009	T.I.B. Delaware, Inc.	DE	Texas Independent Bancshares, Inc.
Jan 30, 2009	Western State Bancshares, Inc.	NE	Foundation First Corporation
Jan 30, 2009	Sovereign Bancorp, Inc.	PA	Santander Holdings USA, Inc.
Jan 24, 2009	SNB Bank of Wichita	KS	Bank of Kansas
Jan 23, 2009	First Community Bank Central Texas, National Association	TX	First Community Bank, N.A.
Jan 17, 2009	Ames Community Bank	IA	Visionbank of Iowa
Jan 17, 2009	Community Bank of Boone	IA	Visionbank of Iowa
Jan 17, 2009	First State Bank	NE	First State Bank
Jan 16, 2009	Guaranty Financial Corporation	DE	Guaranty Bancshares, Inc.
Jan 16, 2009	DC Christian Federal Credit Union	DC	Treasury Department Federal Credit Union
Jan 15, 2009	San Angelo Bancorp, Inc.	DE	Texas Bancorp, Inc.
Jan 9, 2009	Pa Investment Corp III	RI	Citizens Bank of Pennsylvania
Jan 9, 2009	Texas First Bank	TX	American Momentum Bank
Jan 7, 2009	Goldman Sachs Capital Markets L.L.C.	DE	Goldman Sachs Bank USA
Jan 3, 2009	Commercial National Bank of L'Anse	MI	Superior National Bank
Jan 2, 2009	Island Teachers Federal Credit Union	TX	Openland Credit Union
Jan 1, 2009	Cascades Credit Union	MI	Michigan Community Credit Union
Jan 1, 2009	Real Financial Credit Union	MN	Royal Credit Union
Jan 1, 2009	BVH Federal Credit Union	AL	Mutual Savings Credit Union
Jan 1, 2009	Media First Federal Credit Union	FL	Financial Federal Credit Union
Jan 1, 2009	1st Citizens Federal Credit Union	WA	Fibre Federal Credit Union
Jan 1, 2009	Nemch Credit Union	MA	Alpha Credit Union
Jan 1, 2009	Chittenden Trust Company	VT	People's United Bank, National Association

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

Enforcement Actions in 2009

Action date	Agency	Institution	Action
May 18, 2009	OCC	First Southern National Bank	Formal Agreement: First Southern National Bank
May 18, 2009	OCC_OTS	Universal Bank	Termination of Cease and Desist: Universal Bank
May 18, 2009	OCC_OTS	Homestreet/WMS, Inc.	Cease and Desist: HomeStreet, Inc.
May 15, 2009	OCC_OTS	New South Bancshares, Inc.	Cease and Desist: New South Bancshares, Inc.
May 15, 2009	OCC_OTS	New South Federal Savings Bank	Cease and Desist: New South Federal Savings Bank
May 15, 2009	OCC	(individual)	Civil Money Penalty (CMP): Jordan, Lindy
May 14, 2009	OCC_OTS	Carolina Federal Savings Bank	Termination of Supervisory Agreement: Carolina Federal Savings Bank
May 14, 2009	FRB	Regions Bank	Section 19 Letters: Carol Creel
May 14, 2009	OCC_OTS	Carolina Federal Savings Bank	Supervisory Agreement: Carolina Federal Savings Bank
May 13, 2009 Released May 19, 2009	FRB	Barnes Bancorporation	Written Agreement: Barnes Bancorporation, Kaysville, Utah; Barnes Banking Company, Kaysville, Utah
May 11, 2009	OCC	The Farmers and Merchants National Bank of Hatton	Formal Agreement: The Farmers and Merchants National Bank of Hatton
May 11, 2009	OCC	JPMorgan Chase Bank, N.A.	Prohibition/Removal Orders: Brown, Maya L.
May 11, 2009	FRB	Tennessee State Bank	Section 19 Letters: Tara B. Long
May 8, 2009 Released May 20, 2009	FRB	Philippine National Bank	Written Agreement: Philippine National Bank, Pasay City, Philippines; Philippine National Bank New York Branch, …
May 8, 2009	OCC	Wells Fargo Bank, N.A.	Civil Money Penalty (CMP): Wells Fargo Bank, National Association
May 8, 2009 Released May 14, 2009	FRB	First Mutual Bancorp of Illinois, Inc.	Written Agreement: First Mutual Bancorp of Illinois, Inc., Harvey, Illinois
May 7, 2009	OCC	Texas Community Bank, N.A.	Formal Agreement: Texas Community Bank, National Association
May 7, 2009	OCC	Dupage National Bank	Formal Agreement: Dupage National Bank
May 7, 2009	OCC	The First National Bank of Platteville	Civil Money Penalty (CMP): First National Bank of Platteville
May 6, 2009 Released May 12, 2009	FRB	Security Bank Corporation	Written Agreement: Security Bank Corporation, Macon, Georgia; Security Interim Holding Corporation, Macon, Georgia
May 5, 2009	OCC_OTS	Dwelling House Savings and Loan Association	Prompt Corrective Action: Dwelling House Savings and Loan Association
May 5, 2009 Released May 28, 2009	FRB	(individual)	Written Agreement: Affinity Bank Holding, Inc., Ventura, California
May 4, 2009	OCC_OTS	Plantation Financial Corporation	Supervisory Agreement: Plantation Financial Corporation
May 1, 2009	OCC	Heritage First Bank	Formal Agreement: Heritage First Bank
May 1, 2009	OCC_OTS	Heritage First Bank	Supervisory Agreement: Heritage First Bank
Apr 30, 2009	OCC	Plantation Federal Bank	Formal Agreement: Plantation Federal Bank
Apr 30, 2009	OCC_OTS	Plantation Federal Bank	Supervisory Agreement: Plantation Federal Bank
Apr 29, 2009	OCC_OTS	Peoples Community Bank	Cease and Desist: Peoples Community Bank
Apr 29, 2009	OCC	Cherokee Banking Company	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Cherokee Bank, National Association
Apr 29, 2009	OCC	Texana Bank, N.A.	Formal Agreement: Texana Bank, National Association
Apr 28, 2009 Released May 6, 2009	FRB	Bay National Corporation	Written Agreement: Bay National Corporation, Lutherville, Maryland
Apr 28, 2009	OCC	Credicard National Bank	Formal Agreement: Credicard National Bank
Apr 28, 2009 Released May 4, 2009	FRB	(individual)	Written Agreement: Hometown Bancshares, Inc., Carthage, Missouri
Apr 27, 2009	OCC_OTS	Home Federal Bank of Hollywood	Supervisory Agreement: Home Federal Bank of Hollywood
Apr 27, 2009	OCC	First National Bank of the South	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of The South
Apr 24, 2009	OCC_OTS	Los Padres Bank	Supervisory Agreement: Los Padres Bank
Apr 24, 2009	OCC	Gateway Bank, F.S.B.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Gateway Bank, F.S.B.
Apr 24, 2009	OCC_OTS	Gateway Federal Savings Bank	Cease and Desist: Gateway Bank, A F.S.B.
Apr 24, 2009	OCC_OTS	Harrington West Financial Group, Inc.	Supervisory Agreement: Harrington West Financial Group
Apr 24, 2009 Released Apr 29, 2009	FRB	Cooperative Bankshares, Inc.	Written Agreement: Cooperative Bankshares, Inc., Wilmington, North Carolina
Apr 23, 2009	OCC	City National Bank	Prohibition/Removal Orders: Bowden, Clifford "Hugh"
Apr 23, 2009	FRB	Capital One Bank	Section 19 Letters: Thomas W. Mastin, III
Apr 23, 2009	OCC	JPMorgan Chase Bank, N.A.	Prohibition/Removal Orders: Cho, John S.
Apr 22, 2009 Released Apr 30, 2009	FRB	(individual)	Written Agreement: Heritage Bank, Topeka, Kansas
Apr 22, 2009	OCC	The First National Bank of Pontotoc	Prohibition/Removal Orders: Anderson, William W.
Apr 22, 2009	OCC	Citizens National Bank	Prompt Corrective Action (PCA) Directive: Citizens National Bank
Apr 21, 2009	OCC	Eastside Commercial Bank, N.A.	Formal Agreement: Eastside Commercial Bank, National Association
Apr 21, 2009 Released Apr 23, 2009	FRB	First Regional Bancorp	Written Agreement: First Regional Bancorp, Los Angeles, California
Apr 20, 2009 Released Apr 23, 2009	FRB	The Tysan Corporation	Written Agreement: The Tysan Corporation, Minneapolis, Minnesota
Apr 20, 2009	OCC	(individual)	Civil Money Penalty (CMP): Doha 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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