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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
Dec 1, 2009 Printing and Publishing Employees Credit Union CA Printing Industries Credit Union
Dec 1, 2009 Central Bank NE Citizens Bank & Trust Company
Dec 1, 2009 Pueblo City Employees Federal Credit Union CO Aventa Credit Union
Dec 1, 2009 Avx-MB Federal Credit Union SC Carolina Trust Federal Credit Union
Dec 1, 2009 Salem County School Employees Federal Credit Union NJ Member's 1st of NJ Federal Credit Union
Dec 1, 2009 HNJ Catholic Credit Union MO Gateway Metro Federal Credit Union
Dec 1, 2009 Landmark Partners LLC KY Hancock Bank & Trust Company
Dec 1, 2009 CNB Financial Corporation MA United Financial Bancorp, Inc.
Dec 1, 2009 Commonwealth National Bank MA United Bank
Dec 1, 2009 Citizens Bank in Loup City NE Citizens Bank & Trust Company
Dec 1, 2009 Trust Industrial Bank CO Lincoln Trust Company
Nov 30, 2009 Illinois Central Area Credit Union IL Kaskaskia Valley Credit Union
Nov 19, 2009 Bear Stearns Forex Inc. NY JPMorgan Chase Bank, N.A.
Nov 18, 2009 Blanco National Holdings of Delaware, Inc. DE Blanco National Holdings, Inc.
Nov 16, 2009 Pilgrim Bank Texas TX Pilgrim Bank
Nov 14, 2009 Anchor Bank National Association MN Anchor Bank, National Association
Nov 14, 2009 Anchor Bank Heritage, National Association MN Anchor Bank, National Association
Nov 14, 2009 First State Bank of Biggsville IL Casey State Bank
Nov 14, 2009 MainSource Bank of Illinois IL MainSource Bank
Nov 12, 2009 Ladai Federal Credit Union LA Bayou Federal Credit Union
Nov 11, 2009 The Citizens National Bank of Akron CO The Farmers State Bank of Brush
Nov 10, 2009 First Pratt Bankshares, Inc. KS Pratt Community Bancshares, Inc.
Nov 9, 2009 Nash Council Federal Credit Union NY St. Johns Buffalo Federal Credit Union
Nov 7, 2009 First State Bank IA First Security Bank and Trust Company
Nov 7, 2009 Allen Bank and Trust Company MO Country Club Bank
Nov 7, 2009 First State Bank IA First Security Bank and Trust Company
Nov 7, 2009 National City Bank OH PNC Bank, N.A.
Nov 7, 2009 MidAmerican Bank and Trust Company, National Association KS Country Club Bank
Nov 6, 2009 Northern Corridor Community Federal Credit Union NY Ufirst Federal Credit Union
Nov 5, 2009 Falcon Nevada, Inc. NV Falcon Bancshares Incorporated
Nov 2, 2009 Merrill Lynch Bank & Trust Co., FSB NY Bank of America, N.A.
Nov 2, 2009 Merrill Lynch Trust Company of Delaware DE U.S. Trust Company of Delaware
Nov 2, 2009 Firestone Credit Union IA Affinity Credit Union
Nov 1, 2009 Atlas Community Credit Union IL Laclede Community Credit Union
Nov 1, 2009 First Berlin Investment, Inc. NV Fortifi Bank
Nov 1, 2009 Manatee River Community Bank FL First America Bank
Nov 1, 2009 City State Bancshares, Inc. - Delaware DE City State Bancshares, Inc.
Nov 1, 2009 Wachovia Bank, FSB TX Wells Fargo Bank South Central, N.A.
Nov 1, 2009 Wells Fargo Bank Southwest, National Association NV Wells Fargo Bank, N.A.
Nov 1, 2009 Southern Bancorp Bank MS Uplift Bank
Nov 1, 2009 Holy Trinity Church of Bedford Federal Credit Union OH Saints Margaret & Gregory Federal Credit Union
Nov 1, 2009 Carolina Mountains Credit Union NC Self-Help Credit Union
Nov 1, 2009 Members Advantage Federal Credit Union CO Westminster Federal Credit Union
Nov 1, 2009 V B S Federal Credit Union OH Universal 1 Credit Union, Inc.
Nov 1, 2009 Priests Credit Union ND Catholic United Financial Credit Union
Nov 1, 2009 Sarasota Coastal Credit Union FL Achieva Credit Union
Nov 1, 2009 Saint Willibrord Credit Union IL Sherwin Williams Employees Credit Union
Nov 1, 2009 Market Basket Federal Credit Union TX Rave Financial Credit Union
Nov 1, 2009 Southern Bancorp Bank, National Association AR Uplift Bank
Nov 1, 2009 Csra Federal Credit Union GA Associated Credit Union

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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