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
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
Mar 19, 2009 Released Mar 23, 2009	FRB	PlainsCapital Bank	Prohibition from Banking: G. Craig Chupik
Mar 19, 2009	OCC_OTS	Interamerican Bank, a Federal Savings Bank	Orders of Removal/Prohibition: Clara Lopez
Mar 18, 2009 Released Mar 24, 2009	FRB	Spring Grove Investments, Inc.	Written Agreement: Spring Grove Investments, Inc., Spring Grove, Minnesota
Mar 18, 2009	OCC_OTS	Platinum Community Bank	Termination of Cease and Desist: Platinum Community Bank
Mar 18, 2009 Released Mar 24, 2009	FRB	Pine City Bancorporation, Inc.	Written Agreement: Pine City Bancorporation, Inc., Pine City, Minnesota
Mar 18, 2009 Released Mar 23, 2009	FRB	(individual)	Written Agreement: Columbia Commercial Bancorp, Hillsboro, Oregon
Mar 17, 2009	OCC	Union Planters Corporation	Prohibition/Removal Orders: Malone, Janis
Mar 17, 2009	OCC	First Integrity Bank, N.A.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Duhn, David
Mar 17, 2009	OCC	Union Planters Corporation	C&D or PC&D Requiring Restitution: Malone, Janis
Mar 17, 2009 Released Mar 27, 2009	FRB	First State Bank of Red Bud	Written Agreement: First State Bank of Red Bud, Red Bud, Illinois
Mar 16, 2009 Released Mar 20, 2009	FRB	Thunder Bancorp, Inc.	Written Agreement: Thunder Bancorp, Inc., Sylvan Grove, Kansas; Thunder Bank, Sylvan Grove, Kansas
Mar 16, 2009 Released Mar 17, 2009	FRB	Omni Financial Services, Inc.	Written Agreement: Omni Financial Services, Inc., Atlanta, Georgia
Mar 13, 2009	FRB	(individual)	Section 19 Letters: Bruce Wilkins
Mar 12, 2009 Released Mar 18, 2009	FRB	FNB Holding Company	Written Agreement: FNB Holding Company, West Des Moines, Iowa
Mar 11, 2009	OCC_OTS	(individual)	Cease and Desist: Guaranty Financial, M.H.C.
Mar 11, 2009	OCC	Guaranty Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Guaranty Bank
Mar 11, 2009	OCC_OTS	Guaranty Bank	Cease and Desist: Guaranty Bank
Mar 11, 2009	OCC_OTS	Guaranty Financial Corporation	Cease and Desist: Guaranty Financial Corporation
Mar 10, 2009	OCC_OTS	(individual)	Modification to Cease and Desist: G. Richard Munton
Mar 5, 2009	OCC_OTS	Home Federal Savings Bank	Prompt Corrective Action: Home Federal Savings Bank
Mar 5, 2009 Released Mar 9, 2009	FRB	East Dubuque Savings Bank	Civil Money Penalty, $1,710.: East Dubuque Savings Bank, East Dubuque, Illinois
Mar 5, 2009	FRB	(individual)	Section 19 Letters: Angela Warner
Mar 5, 2009	FRB	Regions Bank	Section 19 Letters: Anne Frantsi
Mar 5, 2009	FRB	(individual)	Section 19 Letters: Dawn McCarthy
Mar 5, 2009	FRB	(individual)	Section 19 Letters: Jacob Chudzinski
Mar 5, 2009	FRB	The Huntington National Bank	Section 19 Letters: Marsha Sewolich
Mar 5, 2009	FRB	Suntrust Bank	Section 19 Letters: Thelma Elizabeth Young
Mar 5, 2009	FRB	Firstmerit Corporation	Section 19 Letters: Thomas A. Ostrosky
Mar 5, 2009	OCC	The First National Bank of Florida	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Florida
Mar 4, 2009 Released Mar 17, 2009	FRB	(individual)	Written Agreement: Société Générale (Societe Generale), Paris, France; Société Générale (Societe Generale) New York …
Mar 2, 2009	OCC	First Integrity Bank, N.A.	Prohibition/Removal Orders: Kruchten, K. Patrick
Mar 2, 2009 Released Mar 9, 2009	FRB	Solutionsbank Corporation	Written Agreement: SolutionsBank Corporation, Overland Park, Kansas; SolutionsBank, Overland Park, Kansas
Feb 27, 2009	OCC_OTS	Ebank	Termination of Cease and Desist: ebank
Feb 27, 2009	OCC	Pikes Peak National Bank	Formal Agreement: Pikes Peak National Bank
Feb 27, 2009	OCC_OTS	Ebank	Cease and Desist: ebank
Feb 27, 2009	OCC_OTS	Ebank Financial Services, Inc.	Cease and Desist: ebank Financial Services, Inc.
Feb 27, 2009	OCC_OTS	Washington Mutual Bank	Orders of Removal/Prohibition: Jo Ann Barba
Feb 26, 2009	OCC	Silverton Bank, N.A.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Silverton Bank, National Association
Feb 26, 2009	OCC_OTS	Bradford Bank	Cease and Desist: Bradford Bank
Feb 26, 2009	OCC_OTS	Bradford Bank MHC	Cease and Desist: Bradford Bank MHC
Feb 25, 2009	OCC	Minnstar Bank N.A.	Formal Agreement: Minnstar Bank National Association
Feb 24, 2009 Released Feb 26, 2009	FRB	Cape Fear Bank Corporation	Written Agreement: Cape Fear Bank Corporation, Wilmington, North Carolina
Feb 20, 2009	OCC	Eastern Savings Bank Federal Savings Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Eastern Savings Bank, FSB
Feb 20, 2009	OCC	Rosemount National Bank	Formal Agreement: Rosemount National Bank
Feb 20, 2009	OCC_OTS	Eastern Savings Bank Federal Savings Bank	Cease and Desist: Eastern Savings Bank, FSB
Feb 20, 2009	OCC_OTS	Brookline Bank	Cease and Desist: Brookline Bank
Feb 19, 2009	OCC_OTS	Page County Federal Savings Association	Termination of Cease and Desist: Page County FSA
Feb 18, 2009 Released Feb 19, 2009	FRB	Corus Bankshares, Inc.	Written Agreement: Corus Bankshares, Inc., Chicago, Illinois
Feb 18, 2009	OCC	Corus Bank, N.A.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Corus Bank, National Association
Feb 17, 2009	OCC_OTS	Sykesville Federal Savings Association	Civil Money Penalty: Robert F. Wilson

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