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 | Assets |
|---|---|---|
| Jun 19, 2009 | Cooperative Bank | $966.8M |
| Jun 19, 2009 | Southern Community Bank | $371.7M |
| Jun 19, 2009 | First National Bank of Anthony | $157.0M |
| Jun 5, 2009 | Bank of Lincolnwood | $212.7M |
| May 22, 2009 | Strategic Capital Bank | $546.6M |
| May 22, 2009 | Citizens National Bank | $438.6M |
| May 21, 2009 | BankUnited, FSB | $13.11B |
| May 8, 2009 | Westsound Bank | $334.6M |
| May 1, 2009 | Silverton Bank, N.A. | $4.16B |
| May 1, 2009 | America West Bank | $281.6M |
| May 1, 2009 | Citizens Community Bank | $40.7M |
| Apr 24, 2009 | First Bank of Beverly Hills | $1.26B |
| Apr 24, 2009 | First Bank of Idaho, FSB | $490.7M |
| Apr 24, 2009 | Michigan Heritage Bank | $167.7M |
| Apr 24, 2009 | American Southern Bank | $106.0M |
| Apr 17, 2009 | Great Basin Bank of Nevada | $238.9M |
| Apr 17, 2009 | American Sterling Bank | $166.5M |
| Apr 10, 2009 | New Frontier Bank | $1.77B |
| Apr 10, 2009 | Cape Fear Bank | $492.4M |
| Mar 27, 2009 | Omni National Bank | $979.6M |
| Mar 20, 2009 | Teambank, N.A. | $669.8M |
| Mar 20, 2009 | Firstcity Bank | $285.0M |
| Mar 20, 2009 | Colorado National Bank | $123.5M |
| Mar 6, 2009 | Freedom Bank of Georgia | $172.5M |
| Feb 27, 2009 | Security Savings Bank | $238.3M |
| Feb 27, 2009 | Heritage Community Bank | $235.2M |
| Feb 20, 2009 | Silver Falls Bank | $134.2M |
| Feb 13, 2009 | Riverside Bank of the Gulf Coast | $523.7M |
| Feb 13, 2009 | Corn Belt Bank and Trust Company | $260.2M |
| Feb 13, 2009 | Sherman County Bank | $135.4M |
| Feb 13, 2009 | Pinnacle Bank | $71.9M |
| Feb 6, 2009 | County Bank | $1.71B |
| Feb 6, 2009 | Alliance Bank | $1.11B |
| Feb 6, 2009 | FirstBank Financial Services | $317.2M |
| Jan 30, 2009 | Suburban Federal Savings Bank | $347.4M |
| Jan 30, 2009 | Magnet Bank | $300.7M |
| Jan 30, 2009 | Ocala National Bank | $219.4M |
| Jan 23, 2009 | 1st Centennial Bank | $798.0M |
| Jan 16, 2009 | Bank of Clark County | $441.1M |
| Jan 16, 2009 | National Bank of Commerce | $419.7M |
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 | Acquirer |
|---|---|---|
| Jul 1, 2009 | P C Glassworkers Credit Union | Central Missouri Community Credit Union |
| Jul 1, 2009 | Fargo Forum Federal Credit Union | Town & Country Credit Union |
| Jul 1, 2009 | FirstBank Florida | FirstBank Puerto Rico |
| Jul 1, 2009 | Wiscor Credit Union | Landmark Credit Union |
| Jul 1, 2009 | First State Bank | Glenwood State Bank |
| Jul 1, 2009 | Sun Country Credit Union | Credit Union West |
| Jul 1, 2009 | Four-Sixteen Federal Credit Union | Motion Federal Credit Union |
| Jul 1, 2009 | Jeffco Schools Credit Union | Westerra Credit Union |
| Jul 1, 2009 | Jefferson-Pilot Communications Federal Credit Union | Truliant Federal Credit Union |
| Jul 1, 2009 | Franklin Electric Employees Federal Credit Union | Uark Federal Credit Union |
| Jul 1, 2009 | Foothills Credit Union | Nova Credit Union |
| Jul 1, 2009 | Financial 21 Community Credit Union | California Coast Credit Union |
| Jul 1, 2009 | Banesto Factoring, S.A. Establecimiento Financiero De Credito | Banco Espanol De Credito, S.A. |
| Jul 1, 2009 | Ponce General Corporation | FirstBank Puerto Rico |
| Jul 1, 2009 | City of Hope Federal Credit Union | Peach State Federal Credit Union |
| Jul 1, 2009 | MWB Nevada, Inc. | Mineral Wells Bancshares, Inc. |
| Jul 1, 2009 | The PrivateBank | CIBC Bank USA |
| Jul 1, 2009 | Service Bancorp, Inc. | Middlesex Bancorp MHC |
| Jul 1, 2009 | Hindman Bancshares, Inc. | Community Exchange Bancshares Inc. |
| Jul 1, 2009 | Service Bancorp, MHC | Middlesex Bancorp MHC |
| Jul 1, 2009 | Constar Credit Union | Pinnacle Credit Union |
| Jul 1, 2009 | Alisos Credit Union | Camino Federal Credit Union |
| Jul 1, 2009 | Merrill Lynch Bank USA | Bank of America, N.A. |
| Jul 1, 2009 | Lifetime Credit Union | Landmark Credit Union |
| Jul 1, 2009 | Tabor Enterprises, Inc. | Glenwood Bancorporation |
| Jul 1, 2009 | SCC Resources, Inc. | Civista Bank |
| Jul 1, 2009 | American River Healthpro Credit Union | S a F E Credit Union |
| Jul 1, 2009 | Daco Federal Credit Union | Green River Area Federal Credit Union |
| Jul 1, 2009 | Strata Bank | Middlesex Savings Bank |
| Jul 1, 2009 | Two Rivers Bank & Trust | Two Rivers Bank & Trust |
| Jun 30, 2009 | Zions Municipal Funding, Inc. | Zions Bancorporation |
| Jun 30, 2009 | Diamond State Federal Credit Union | Tidemark Federal Credit Union |
| Jun 30, 2009 | Indiana Bellco Federal Credit Union | I C Federal Credit Union |
| Jun 30, 2009 | Hiawatha Bancshares, Inc. | Lake Shore Wisconsin Corporation |
| Jun 30, 2009 | Clare Bancorporation, Inc. | Montfort Bancorporation, Inc. |
| Jun 30, 2009 | Bainbridge Securities, Inc | The PNC Financial Services Group, Inc. |
| Jun 29, 2009 | Cmar Credit Union | Ithink Financial Credit Union |
| Jun 27, 2009 | Merchants Bank, National Association | Merchants Bank, N.A. |
| Jun 27, 2009 | Timberland Bank | Uplift Bank |
| Jun 27, 2009 | Marine Bank | Cibm Bank |
| Jun 27, 2009 | Merchants Bank, N.A. | Merchants Bank, N.A. |
| Jun 24, 2009 | First Gilmer (Delaware) Holdings, Ltd. | First Gilmer Bankshares, Inc. |
| Jun 20, 2009 | Twin City Bank | Centennial Bank |
| Jun 20, 2009 | Centennial Bank | Centennial Bank |
| Jun 18, 2009 | First National Bank at Marianna | The Farmers & Merchants Bank |
| Jun 16, 2009 | Bosque Delaware Financial Corporation | Bosque Bancshares, Inc. |
| Jun 16, 2009 | Live Oak Bancshares Corporation of Delaware | Live Oak Bancshares Corporation |
| Jun 15, 2009 | Norwood School Employees Federal Credit Union | Arise Federal Credit Union |
| Jun 14, 2009 | KC Councils Federal Credit Union | Money One Federal Credit Union |
| Jun 13, 2009 | SBT Bancshares of Delaware, Inc. | SBT Bancshares, Inc. |
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 | Assets |
|---|---|---|
| Jan 16, 2009 | Bank of America N.A. | $1.47T |
| Jan 16, 2009 | FIA Card Services N.A. | $159.64B |
| Jan 16, 2009 | Countrywide Bank FSB | $117.98B |
| Jan 16, 2009 | Merrill Lynch Bank USA | $61.81B |
| Jan 16, 2009 | Merrill Lynch Bank & Trust Co FSB | $37.99B |
| Jan 16, 2009 | Bank of America Rhode Island N.A. | $35.41B |
| Jan 16, 2009 | Bank of America California N.A. | $21.50B |
| Jan 16, 2009 | Bank of America Oregon N.A. | $11.53B |
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