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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
Jun 19, 2009 Cooperative Bank Wilmington, NC $966.8M First Bank
Jun 19, 2009 Southern Community Bank Fayetteville, GA $371.7M United Community Bank
Jun 19, 2009 First National Bank of Anthony Anthony, KS $157.0M Bank of Kansas
Jun 5, 2009 Bank of Lincolnwood Lincolnwood, IL $212.7M Republic Bank of Chicago
May 22, 2009 Strategic Capital Bank Champaign, IL $546.6M Midland States Bank
May 22, 2009 Citizens National Bank Macomb, IL $438.6M Morton Community Bank
May 21, 2009 BankUnited, FSB Coral Gables, FL $13.11B BankUnited
May 8, 2009 Westsound Bank Bremerton, WA $334.6M Kitsap Bank
May 1, 2009 Silverton Bank, N.A. Atlanta, GA $4.16B —
May 1, 2009 America West Bank Layton, UT $281.6M Cache Valley Bank
May 1, 2009 Citizens Community Bank Ridgewood, NJ $40.7M North Jersey Community Bank
Apr 24, 2009 First Bank of Beverly Hills Calabasas, CA $1.26B —
Apr 24, 2009 First Bank of Idaho, FSB Ketchum, ID $490.7M U.S. Bank, N.A.
Apr 24, 2009 Michigan Heritage Bank Farmington Hills, MI $167.7M Level One Bank
Apr 24, 2009 American Southern Bank Kennesaw, GA $106.0M Bank of North Georgia
Apr 17, 2009 Great Basin Bank of Nevada Elko, NV $238.9M Nevada State Bank
Apr 17, 2009 American Sterling Bank Sugar Creek, MO $166.5M Metcalf Bank
Apr 10, 2009 New Frontier Bank Greeley, CO $1.77B —
Apr 10, 2009 Cape Fear Bank Wilmington, NC $492.4M First Federal Savings and Loan Association of Charleston
Mar 27, 2009 Omni National Bank Atlanta, GA $979.6M —
Mar 20, 2009 Teambank, N.A. Paola, KS $669.8M Great Southern Bank
Mar 20, 2009 Firstcity Bank Stockbridge, GA $285.0M —
Mar 20, 2009 Colorado National Bank Colorado Springs, CO $123.5M Herring Bank
Mar 6, 2009 Freedom Bank of Georgia Commerce, GA $172.5M Northeast Georgia Bank
Feb 27, 2009 Security Savings Bank Henderson, NV $238.3M Bank of Nevada
Feb 27, 2009 Heritage Community Bank Glenwood, IL $235.2M MB Financial Bank, N.A.
Feb 20, 2009 Silver Falls Bank Silverton, OR $134.2M Citizens Bank
Feb 13, 2009 Riverside Bank of the Gulf Coast Cape Coral, FL $523.7M TIB Bank
Feb 13, 2009 Corn Belt Bank and Trust Company Pittsfield, IL $260.2M The Carlinville National Bank
Feb 13, 2009 Sherman County Bank Loup City, NE $135.4M Heritage Bank
Feb 13, 2009 Pinnacle Bank Beaverton, OR $71.9M Washington Trust Bank
Feb 6, 2009 County Bank Merced, CA $1.71B Westamerica Bank
Feb 6, 2009 Alliance Bank Culver City, CA $1.11B California Bank and Trust
Feb 6, 2009 FirstBank Financial Services McDonough, GA $317.2M Regions Bank
Jan 30, 2009 Suburban Federal Savings Bank Crofton, MD $347.4M Bank of Essex
Jan 30, 2009 Magnet Bank Salt Lake City, UT $300.7M —
Jan 30, 2009 Ocala National Bank Ocala, FL $219.4M Centerstate Bank of Florida, N.A.
Jan 23, 2009 1st Centennial Bank Redlands, CA $798.0M First California Bank
Jan 16, 2009 Bank of Clark County Vancouver, WA $441.1M Umpqua Bank
Jan 16, 2009 National Bank of Commerce Berkeley, IL $419.7M Republic Bank of Chicago

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
Nov 1, 2009 Leavenworth Teachers & Community Credit Union KS MainStreet Federal Credit Union
Nov 1, 2009 Sweetheart Federal Credit Union TX Aafes Federal Credit Union
Oct 31, 2009 Walpole Municipal Employees Credit Union MA Arise Federal Credit Union
Oct 31, 2009 TCF National Bank Arizona AZ TCF National Bank
Oct 31, 2009 Beverly National Corporation MA Danvers Bancorp, Inc.
Oct 31, 2009 Crosby State Bank TX CommunityBank of Texas, N.A.
Oct 31, 2009 Newark-Delaware City Employees Federal Credit Union DE Louviers Federal Credit Union
Oct 31, 2009 First State Bank TN The Farmers Bank of Lynchburg
Oct 31, 2009 New England United Methodist Federal Credit Union ME Interfaith Federal Credit Union
Oct 31, 2009 Electrical Workers 442 Federal Credit Union CA Operating Engineers Local Union #3 Federal Credit Union
Oct 31, 2009 Yorkco School Employees Credit Union PA White Rose Credit Union
Oct 30, 2009 LGF Bancshares, Inc. DE First La Grange Bancshares, Inc.
Oct 30, 2009 First Community Bancshares, Inc. DE Coastal Bend Bancshares, Inc.
Oct 30, 2009 Spirit of America National Bank OH Comenity Bank
Oct 24, 2009 Keystone State Savings Bank PA Northwest Bank
Oct 24, 2009 United Security Financial Corporation IA Ohnward Bank & Trust
Oct 24, 2009 United Security Savings Bank, FSB IA Ohnward Bank & Trust
Oct 19, 2009 First Delta Bankshares, Inc. AR Uplift Financial Development Corporation
Oct 17, 2009 Northern National Bank MN Frandsen Bank & Trust
Oct 17, 2009 Community Bank of the Red River Valley MN Frandsen Bank & Trust
Oct 17, 2009 Healthcare Bancorp, Inc. OK Cache Holdings, Inc.
Oct 17, 2009 Merchants and Farmers Bank of Comer, Georgia GA First Citizens Bank and Trust Company, Inc.
Oct 16, 2009 Preferred Blocker Inc. MI Ally Financial Inc.
Oct 16, 2009 Huntington Bancshares of Delaware, Inc. DE Ubank Holdings, Inc.
Oct 15, 2009 Carolina Commerce Bank NC Carolina Trust Bank
Oct 10, 2009 New Vienna Savings Bank IA Citizens State Bank
Oct 8, 2009 First Jacksboro Bancshares of Delaware, Inc. DE Highlands Bancshares, Inc.
Oct 5, 2009 The First National Bank of Canadian TX Happy State Bank
Oct 3, 2009 First State Bank of Beardstown, Illinois IL West Central Bank
Oct 2, 2009 Clarke Community Federal Credit Union GA Peach State Federal Credit Union
Oct 2, 2009 First Company WY Glacier Bancorp, Inc.
Oct 1, 2009 Anderson SC County Educators Federal Credit Union SC S.C. State Federal Credit Union
Oct 1, 2009 FREEDOM21 Federal Credit Union TN Southern Security Federal Credit Union
Oct 1, 2009 Harbourside Community Bank, National Association SC The Savannah Bank, National Association
Oct 1, 2009 Burton Holdings, Inc. DE Burton Bancshares, Inc.
Oct 1, 2009 First Louisiana Bancshares, Inc. LA Origin Bancorp, Inc.
Oct 1, 2009 New Hope Community Development Federal Credit Union AL Avadian Credit Union
Oct 1, 2009 JPMorgan Mezzanine Corporation IL JPMorgan Chase & Co.
Oct 1, 2009 Teachers Credit Union of Warren County IL I. H. Mississippi Valley Credit Union
Oct 1, 2009 K of C 3197 Federal Credit Union NJ Central Jersey Federal Credit Union
Oct 1, 2009 Dallas City Packing Federal Credit Union TX Texas Telcom Credit Union
Oct 1, 2009 Motor Club of America Federal Credit Union NJ Bethex Federal Credit Union
Oct 1, 2009 Landmark Communications Employees Credit Union VA Norfolk Virginia Postal Credit Union
Oct 1, 2009 L and N and C and E I Credit Union IL First Illinois Credit Union
Oct 1, 2009 Missouri Health Family Credit Union MO Multipli Federal Credit Union
Oct 1, 2009 Winnetka Municipal Employees Credit Union IL New Trier Federal Credit Union
Oct 1, 2009 First Insurance Federal Credit Union HI Aloha Pacific Federal Credit Union
Oct 1, 2009 Replacement Parts Employees Federal Credit Union AR Arkansas Employees Federal Credit Union
Oct 1, 2009 Sunflower Credit Union KS Mid American Credit Union
Oct 1, 2009 Kenton Federal Credit Union NY The Summit 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

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