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
Oct 1, 2009	Jackson County Federal Employees Credit Union	MS	Navigator Federal Credit Union
Oct 1, 2009	Monroe Area Federal Credit Union	MI	Monroe Community Credit Union
Oct 1, 2009	Telco Federal Credit Union	NY	Empower Federal Credit Union
Oct 1, 2009	Berks Community Federal Credit Union	PA	Bellco Federal Credit Union
Oct 1, 2009	Warren-Niles Republic Employees Federal Credit Union	OH	Edison Financial Credit Union, Incorporated
Oct 1, 2009	Okc Thrift Federal Credit Union	OK	Oklahoma's Federal Credit Union
Oct 1, 2009	GPC Credit Association	GA	Georgia's Own Credit Union
Oct 1, 2009	Merchants Trust Company	VT	Merchants Bank
Oct 1, 2009	E1 Financial Credit Union	CA	Nuvision Federal Credit Union
Oct 1, 2009	Atlas Empl Federal Credit Union	LA	Bossier Federal Credit Union
Oct 1, 2009	Community First Bank	IN	First Savings Bank
Sep 30, 2009	Horizon Trust and Investment Management, N.A.	IN	Horizon Bank
Sep 30, 2009	Fifth Third Bank, National Association	TN	Fifth Third Bank, N.A.
Sep 30, 2009	Fifth Third Bank	MI	Fifth Third Bank, N.A.
Sep 30, 2009	Spirit of Saint Louis Credit Union	MO	Vantage Credit Union
Sep 30, 2009	U.S. First Credit Union	CA	The Golden 1 Credit Union
Sep 30, 2009	National City Business Credit, Inc.	OH	National City Bank
Sep 29, 2009	Oakland Deposit Bank	TN	The Farmers Bank of Lynchburg
Sep 29, 2009	WNB Financial Corp.	DE	WNB Bancshares, Inc.
Sep 26, 2009	The First Western Bank Sturgis	SD	First Interstate Bank
Sep 26, 2009	First Western Bank	SD	First Interstate Bank
Sep 26, 2009	Lafayette Bank and Trust Company, National Association	IN	First Merchants Bank
Sep 26, 2009	Commerce Bank of Wyoming, N.A.	WY	Nebraskaland Bank
Sep 26, 2009	The Bank of Venice	FL	TIB Bank
Sep 26, 2009	Guaranty Financial Services, Inc.	WV	First Sentry Bancshares, Inc.
Sep 26, 2009	Guaranty Bank & Trust Company	WV	First Sentry Bank, Inc.
Sep 26, 2009	Commerce National Bank	OH	First Merchants Bank
Sep 26, 2009	First National Building Corporation	PA	First National Bank of Pennsylvania
Sep 26, 2009	First Merchants Bank of Central Indiana, National Association	IN	First Merchants Bank
Sep 25, 2009	Texas First Bank - Winnie	TX	Texas First Bank
Sep 23, 2009	Zmfu, Inc.	UT	Zions Bancorporation
Sep 19, 2009	Yuma Community Bank	AZ	The Foothills Bank
Sep 18, 2009	Fico, Inc.	NE	First State Holding Co.
Sep 18, 2009	Filley Bank	NE	First State Bank Nebraska
Sep 15, 2009	B & O Employees Credit Union	IL	Land of Lincoln Credit Union
Sep 12, 2009	Hagerstown Trust Company	MD	The Columbia Bank
Sep 11, 2009	Central Bank of the South	AL	BBVA USA
Sep 11, 2009	BBVA Bancomer USA	CA	BBVA USA
Sep 5, 2009	Vertagreen Credit Union	AL	Valley Credit Union
Sep 2, 2009	Rio Delaware Corporation	DE	Rio Financial Services, Inc.
Sep 1, 2009	Bankers Trust Company, National Association	AZ	Bankers Trust Company
Sep 1, 2009	Bank of Gower	MO	The Union State Bank of Everest
Sep 1, 2009	Kerr Employees Credit Union	MI	Public Service Credit Union
Sep 1, 2009	Mount Sinai Federal Credit Union	FL	Peoples Credit Union
Sep 1, 2009	Costa Mesa Federal Credit Union	CA	Nuvision Federal Credit Union
Sep 1, 2009	Service Plus Credit Union	CA	Schoolsfirst Federal Credit Union
Sep 1, 2009	Milepost Credit Union	WA	Sound Credit Union
Sep 1, 2009	Cma Credit Union	AL	Southern Energy Credit Union
Sep 1, 2009	JN Pease Employees Credit Union	NC	Greater Piedmont Credit Union
Sep 1, 2009	Hickory Printing Group Savings Plan Credit Union	NC	Summit 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

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