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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
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
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

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