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
Aug 31, 2009	Dynamic Healthcare Employees Federal Credit Union	IN	Centurion Federal Credit Union
Aug 31, 2009	Free Choice Federal Credit Union	PA	Trumark Credit Union
Aug 31, 2009	First Security Credit Union	WI	Landmark Credit Union
Aug 31, 2009	Allco Credit Union	WI	Landmark Credit Union
Aug 29, 2009	Busey Bank, National Association	FL	Busey Bank
Aug 29, 2009	The First National Bank of Ekalaka	MT	Summit National Bank
Aug 28, 2009	SC Firefighters Federal Credit Union	SC	CPM Federal Credit Union
Aug 27, 2009	RBC Bank (Georgia)	GA	RBC Bank (Georgia), N.A.
Aug 22, 2009	PNC Bank, Delaware	DE	PNC Bank, N.A.
Aug 22, 2009	CB Bancorp, Inc.	OH	Merchants Bancorp, Inc.
Aug 22, 2009	The Citizens Bank of Higginsport, Ohio	OH	Merchants National Bank
Aug 20, 2009	Perryton Holdings, Inc.	NV	Perryton Bancshares, Inc.
Aug 15, 2009	The Peoples Bank of Elkton	MD	The Columbia Bank
Aug 15, 2009	Milton Investments, Inc.	WI	Bank of Milton
Aug 14, 2009	First Boulder Valley Bank	MT	Madison Valley Bank
Aug 8, 2009	Citizens State Bank	NE	The Tilden Bank
Aug 8, 2009	Castle Bank & Trust Company	CT	ION Bank
Aug 8, 2009	First Texas Bank	TX	First Texas Bank
Aug 1, 2009	First Platteville Investment Corporation	NV	The First National Bank of Platteville
Aug 1, 2009	TriStone Community Bank	NC	First Community Bank
Aug 1, 2009	Massbank Corp.	DE	Eastern Bankshares Inc
Aug 1, 2009	Cityside Federal Credit Union	CA	Southland Credit Union
Aug 1, 2009	Mutual Federal Credit Union	OH	Glass City Federal Credit Union
Aug 1, 2009	Ward Paper Company Employees Credit Union	WI	Park City Credit Union
Aug 1, 2009	Oregon Territory Federal Credit Union	OR	Rivermark Community Credit Union
Aug 1, 2009	Greater Warren Community Federal Credit Union	OH	Associated School Employees Credit Union, Inc.
Aug 1, 2009	Lynchburg Foundry Federal Credit Union	VA	Beacon Credit Union Incorporated
Aug 1, 2009	Mount Horeb Baptist Church Federal Credit Union	DC	Library of Congress Federal Credit Union
Jul 30, 2009	Chevy Chase Bank, Federal Savings Bank	VA	Capital One, N.A.
Jul 28, 2009	Unicorp Federal Credit Union	IN	Everwise Credit Union
Jul 25, 2009	Valley Bank Minnesota	MN	Valley Bank
Jul 25, 2009	Discovery Bank	CA	Commercewest Bank
Jul 21, 2009	Brenham National Holding Corporation	NV	Brenham Bancshares, Inc.
Jul 20, 2009	Southern Bank of Commerce	AR	Southern Bank
Jul 18, 2009	Citizens State Bank	IA	Fidelity Bank & Trust
Jul 18, 2009	EastBank	MN	Franklin National Bank of Minneapolis
Jul 17, 2009	Hocking Valley Credit Union, Inc.	OH	Atomic Credit Union, Inc.
Jul 17, 2009	Kabel Federal Credit Union	OH	Oucu Financial Credit Union, Inc.
Jul 16, 2009	Yamaha Employees Federal Credit Union	CA	Center City Community Credit Union
Jul 16, 2009	The Citizens State Bank of Pomona	KS	Goppert State Service Bank
Jul 14, 2009	Chevy Chase Preferred Capital Corporation	MD	Chevy Chase Bank, Federal Savings Bank
Jul 11, 2009	The State Bank of Lebo	KS	The Farmers State Bank of Aliceville, Kansas
Jul 11, 2009	Town & Country Bank	IL	Town And Country Bank
Jul 7, 2009	The First Bank, Roxton, Texas	TX	Security Bank of Texas
Jul 7, 2009	Roxton Corporation	TX	First Bancshares of Texas, Inc.
Jul 6, 2009	The Bank of New York Trust Company	NY	BNY Mellon, N.A.
Jul 2, 2009	Fort Worth Bancshares, Inc.	TX	Southside Bancshares, Inc.
Jul 1, 2009	Chatham Employees Credit Union	NC	Members Credit Union
Jul 1, 2009	Sutton State Bank	NE	Astra Bank
Jul 1, 2009	Local 542 District III O East Federal Credit Union	PA	Ufcw Community 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

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