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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
May 2, 2009 (unnamed) — Bank of the West
May 2, 2009 TBB Delaware, Inc. DE Texas Brand Bancshares, Inc.
May 2, 2009 LNB Financial Corp. DE Paris Bancshares, Inc.
May 1, 2009 Basil Community PA Alcose Credit Union
May 1, 2009 West Texas Bancshares of Delaware, Inc. DE West Texas Bancshares, Inc.
May 1, 2009 Enfield Federal Savings and Loan Association CT New England Bank
May 1, 2009 Westlake Technology Credit Union OH Lakeshore Community Credit Union
May 1, 2009 Milan Federal Credit Union MI University of Michigan Credit Union
May 1, 2009 R E a Federal Credit Union DC Agriculture Federal Credit Union
May 1, 2009 Highland Hospital Federal Credit Union NY Advantage Federal Credit Union
May 1, 2009 Abingdon Pottery Credit Union IL I. H. Mississippi Valley Credit Union
May 1, 2009 Salt Lake Schools Credit Union UT Granite Federal Credit Union
May 1, 2009 Caswell Credit Union VT 802 Credit Union
Apr 30, 2009 Pacific Coast Credit Union CA Financial Partners Credit Union
Apr 30, 2009 Heartland Employees Credit Union MI River Valley Credit Union
Apr 30, 2009 Delpart Fcu DE American Spirit Federal Credit Union
Apr 27, 2009 Countrywide Bank, FSB CO Bank of America, N.A.
Apr 25, 2009 FNB Financial MI Southern Michigan Bank & Trust
Apr 25, 2009 First National Bank MO Landmark Bank
Apr 25, 2009 Community Bank of Cape Coral FL First Community Bank of Southwest Florida
Apr 25, 2009 Century Bank, National Association TX Wells Fargo Bank, N.A.
Apr 25, 2009 Landmark Bank, National Association OK Landmark Bank
Apr 23, 2009 Effinity Financial Corporation VA NB Holdings Corporation
Apr 20, 2009 CNLBank, Southwest Florida FL CNLBank
Apr 20, 2009 CNLBank, First Coast FL CNLBank
Apr 18, 2009 Lincoln Bank IN First Merchants Bank of Central Indiana, National Association
Apr 18, 2009 American Bank Center ND Bravera Bank
Apr 18, 2009 Farmers State Bank IN Hoosier Heartland State Bank
Apr 17, 2009 American Community Bank NC Yadkin Bank
Apr 17, 2009 American Community Bancshares, Inc. NC Yadkin Financial Corporation
Apr 11, 2009 Benjamin Franklin Bancorp, Inc. MA Independent Bank Corp.
Apr 4, 2009 Mountain West Bank of Kalispell, National Association MT Mountain West Bank, National Association
Apr 4, 2009 (unnamed) — Country Club Bank
Apr 4, 2009 The First National Bank of Brewster MN Rolling Hills Bank & Trust
Apr 3, 2009 Canandaigua V a Employees Federal Credit Union NY Focal Point Federal Credit Union
Apr 2, 2009 M&T Credit Services, LLC NY Manufacturers and Traders Trust Company
Apr 1, 2009 New Brighton Schools Federal Credit Union PA New Alliance Federal Credit Union
Apr 1, 2009 Peoples Bancshares, Inc. CO Peoples, Inc.
Apr 1, 2009 Beeville Holdings, Inc. DE First Beeville Financial Corporation
Apr 1, 2009 C B R M, Inc. DE RBC Bank (USA)
Apr 1, 2009 United Bank and Trust Company LA Liberty Bank and Trust Company
Apr 1, 2009 The PrivateBank MI CIBC Bank USA
Apr 1, 2009 Aurora Catholic Federal Credit Union CO Security Service Federal Credit Union
Apr 1, 2009 Frisco Employees Credit Union OK Western Sun Federal Credit Union
Apr 1, 2009 Brighton Cooperative Federal Credit Union CO Canvas Credit Union
Apr 1, 2009 Jeannette Rubber Federal Credit Union PA Elliott Community Federal Credit Union
Apr 1, 2009 Alcoa Richmond Federal Credit Union VA Virginia Federal Credit Union
Apr 1, 2009 First Country Federal Credit Union TX First Service Credit Union
Apr 1, 2009 Cryovac Employees Credit Union IA Dupaco Community Credit Union
Apr 1, 2009 Resurrection Catholic Center Credit Union AL Tri-Rivers Federal Credit Union

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

Enforcement Actions in 2009

Action date Agency Institution Action
Apr 20, 2009
Released Apr 23, 2009		 FRB Bank on It, Inc. Written Agreement: Bank On It, Inc., Stockton, California
Apr 17, 2009 OCC Cadence Holdings, Inc. Formal Agreement: Cadence Bank, National Association
Apr 17, 2009 OCC Baytree Bancorp, Inc. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Baytree National Bank & Trust Company
Apr 17, 2009 OCC_OTS Fairmount Bancorp, Inc. Orders of Removal/Prohibition: Donna Gatewood
Apr 17, 2009 OCC_OTS First Federal Community Bank, SSB Orders of Removal/Prohibition: Angela D. Hobbs
Apr 16, 2009
Released Apr 21, 2009		 FRB Citizens Central Bancorp, Inc. Written Agreement: Citizens Central Bancorp, Inc., Macomb, Illinois
Apr 16, 2009
Released Apr 21, 2009		 FRB Strategic Capital Bancorp, Inc. Written Agreement: Strategic Capital Bancorp, Inc., Champaign, Illinois
Apr 16, 2009 OCC Franklin Community Bank, National Association Formal Agreement: Franklin Community Bank, National Association
Apr 15, 2009
Released Apr 16, 2009		 FRB Beverly Hills Bancorp Inc. Written Agreement: Beverly Hills Bancorp Inc., Calabasas, California; WFC Inc., Calabasas, California; Wilshire Acquisitions …
Apr 14, 2009 OCC_OTS BankUnited Financial Corporation Prompt Corrective Action: BankUnited, FSB
Apr 14, 2009 FRB (individual) Notice of Intent: Adam L. Benarroch
Apr 14, 2009
Released Apr 20, 2009		 FRB Amoret Bancshares, Inc. Written Agreement: Amoret Bancshares, Inc., Butler, Missouri
Apr 9, 2009
Released Apr 14, 2009		 FRB (individual) Written Agreement: Community First Bank, Prineville, Oregon
Apr 7, 2009 OCC Citizens National Bank of Springfield Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Citizens National Bank of Springfield
Apr 7, 2009
Released Apr 9, 2009		 FRB San Joaquin Bancorp Written Agreement: San Joaquin Bancorp, Bakersfield, California; San Joaquin Bank, Bakersfield, California
Apr 7, 2009
Released Apr 15, 2009		 FRB TFC Holding Company Written Agreement: TFC Holding Company, Alhambra, California
Apr 6, 2009 OCC_OTS Guaranty Bank Cease and Desist: Guaranty Bank
Apr 6, 2009 OCC_OTS Columbia Savings and Loan Association Termination of Cease and Desist: Columbia Savings and Loan Association
Apr 6, 2009 OCC_OTS Sun Valley Bancorp Cease and Desist: Sun Valley Bancorp
Apr 6, 2009 OCC_OTS Guaranty Financial Group, Inc. Cease and Desist: Guaranty Financial Group, Inc.
Apr 6, 2009
Released Apr 7, 2009		 FRB Venture Financial Group, Inc. Written Agreement: Venture Financial Group, Inc., Dupont, Washington
Apr 6, 2009 OCC_OTS First Federal Bank of Idaho, a Federal Savings Bank Cease and Desist: First Bank of Idaho, FSB
Apr 3, 2009
Released Apr 13, 2009		 FRB Silverton Financial Services, Inc. Written Agreement: Silverton Financial Services, Inc., Atlanta, Georgia
Apr 1, 2009
Released Apr 7, 2009		 FRB Michigan Heritage Bank Prompt Corrective Action: Michigan Heritage Bank, Farmington Hills, Michigan
Mar 31, 2009
Released Apr 6, 2009		 FRB United Security Bancshares, Inc. Written Agreement: United Security Bancshares, Inc., Woodstock, Georgia
Mar 31, 2009 OCC Merchants Bank of California, N.A. Formal Agreement: Merchants Bank of California, National Association
Mar 30, 2009 OCC National Bank of Arkansas in North Little Rock Formal Agreement: National Bank of Arkansas in North Little Rock
Mar 30, 2009 OCC_OTS American Sterling Bank Civil Money Penalty: American Sterling Bank
Mar 30, 2009
Released Apr 24, 2009		 FRB K Capital Corporation Written Agreement: K Capital Corporation, Owings Mills, Maryland
Mar 27, 2009 OCC_OTS Century Savings Bank Supervisory Agreement: Century Bank
Mar 27, 2009 OCC First National Bank USA Civil Money Penalty (CMP): Dempster, Kurt J.
Mar 27, 2009 OCC_OTS Maple Leaf Financial, Inc. Cease and Desist: Maple Leaf Financial, Inc.
Mar 27, 2009 OCC First National Bank USA Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Dempster, Kurt J.
Mar 27, 2009 OCC Red Mountain Bank, National Association Formal Agreement: Red Mountain Bank, National Association
Mar 26, 2009 OCC Florida Capital Bank, N.A. Formal Agreement: Florida Capital Bank, National Association
Mar 26, 2009
Released Apr 2, 2009		 FRB Blossman Bancshares, Inc. Written Agreement: Blossman Bancshares, Inc., Lacombe, Louisiana
Mar 26, 2009
Released Mar 31, 2009		 FRB (individual) Prompt Corrective Action: Heritage Bank, Topeka, Kansas
Mar 25, 2009
Released Apr 6, 2009		 FRB Community Banks of Colorado Written Agreement: Community Bankshares, Inc., Greenwood Village, Colorado; Community Banks of Colorado, Greenwood Village, …
Mar 25, 2009 OCC First Tennessee Bank, National Association Civil Money Penalty (CMP): First Tennessee Bank National Association
Mar 25, 2009 OCC The First National Bank of Logan Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Logan
Mar 25, 2009 FRB First Alabama Bank of Birmingham Section 19 Letters: Leigh Ann Smith
Mar 23, 2009 OCC_OTS Second Federal Savings and Loan Association of Chicago Cease and Desist: Second Federal Savings and Loan Association of Chicago
Mar 23, 2009
Released Mar 30, 2009		 FRB Bankeast Corporation Written Agreement: BankEast Corporation, Knoxville, Tennessee; BankEast, Knoxville, Tennessee
Mar 20, 2009 OCC NBT Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Souky, Stephen
Mar 20, 2009 OCC First National Bank of Omaha Civil Money Penalty (CMP): First National Bank of Omaha
Mar 20, 2009
Released Mar 24, 2009		 FRB (individual) Written Agreement: Premier Bancshares, Inc., Jefferson City, Missouri
Mar 20, 2009 FRB Regions Bank Section 19 Letters: Demarko Antoine King
Mar 20, 2009
Released Mar 24, 2009		 FRB Bancmidwest Corporation Written Agreement: BancMidwest Corporation, Saint Paul, Minnesota
Mar 20, 2009 OCC NBT Bank, N.A. Civil Money Penalty (CMP): Souky, Stephen
Mar 19, 2009
Released Mar 23, 2009		 FRB PlainsCapital Bank Civil Money Penalty: G. Craig Chupik

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

Browse adjacent years: 2008 · 2010

Or jump to a category: Failures · Mergers · Enforcement · Assistance