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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
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
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

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