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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
Jun 19, 2009 Cooperative Bank Wilmington, NC $966.8M First Bank
Jun 19, 2009 Southern Community Bank Fayetteville, GA $371.7M United Community Bank
Jun 19, 2009 First National Bank of Anthony Anthony, KS $157.0M Bank of Kansas
Jun 5, 2009 Bank of Lincolnwood Lincolnwood, IL $212.7M Republic Bank of Chicago
May 22, 2009 Strategic Capital Bank Champaign, IL $546.6M Midland States Bank
May 22, 2009 Citizens National Bank Macomb, IL $438.6M Morton Community Bank
May 21, 2009 BankUnited, FSB Coral Gables, FL $13.11B BankUnited
May 8, 2009 Westsound Bank Bremerton, WA $334.6M Kitsap Bank
May 1, 2009 Silverton Bank, N.A. Atlanta, GA $4.16B —
May 1, 2009 America West Bank Layton, UT $281.6M Cache Valley Bank
May 1, 2009 Citizens Community Bank Ridgewood, NJ $40.7M North Jersey Community Bank
Apr 24, 2009 First Bank of Beverly Hills Calabasas, CA $1.26B —
Apr 24, 2009 First Bank of Idaho, FSB Ketchum, ID $490.7M U.S. Bank, N.A.
Apr 24, 2009 Michigan Heritage Bank Farmington Hills, MI $167.7M Level One Bank
Apr 24, 2009 American Southern Bank Kennesaw, GA $106.0M Bank of North Georgia
Apr 17, 2009 Great Basin Bank of Nevada Elko, NV $238.9M Nevada State Bank
Apr 17, 2009 American Sterling Bank Sugar Creek, MO $166.5M Metcalf Bank
Apr 10, 2009 New Frontier Bank Greeley, CO $1.77B —
Apr 10, 2009 Cape Fear Bank Wilmington, NC $492.4M First Federal Savings and Loan Association of Charleston
Mar 27, 2009 Omni National Bank Atlanta, GA $979.6M —
Mar 20, 2009 Teambank, N.A. Paola, KS $669.8M Great Southern Bank
Mar 20, 2009 Firstcity Bank Stockbridge, GA $285.0M —
Mar 20, 2009 Colorado National Bank Colorado Springs, CO $123.5M Herring Bank
Mar 6, 2009 Freedom Bank of Georgia Commerce, GA $172.5M Northeast Georgia Bank
Feb 27, 2009 Security Savings Bank Henderson, NV $238.3M Bank of Nevada
Feb 27, 2009 Heritage Community Bank Glenwood, IL $235.2M MB Financial Bank, N.A.
Feb 20, 2009 Silver Falls Bank Silverton, OR $134.2M Citizens Bank
Feb 13, 2009 Riverside Bank of the Gulf Coast Cape Coral, FL $523.7M TIB Bank
Feb 13, 2009 Corn Belt Bank and Trust Company Pittsfield, IL $260.2M The Carlinville National Bank
Feb 13, 2009 Sherman County Bank Loup City, NE $135.4M Heritage Bank
Feb 13, 2009 Pinnacle Bank Beaverton, OR $71.9M Washington Trust Bank
Feb 6, 2009 County Bank Merced, CA $1.71B Westamerica Bank
Feb 6, 2009 Alliance Bank Culver City, CA $1.11B California Bank and Trust
Feb 6, 2009 FirstBank Financial Services McDonough, GA $317.2M Regions Bank
Jan 30, 2009 Suburban Federal Savings Bank Crofton, MD $347.4M Bank of Essex
Jan 30, 2009 Magnet Bank Salt Lake City, UT $300.7M —
Jan 30, 2009 Ocala National Bank Ocala, FL $219.4M Centerstate Bank of Florida, N.A.
Jan 23, 2009 1st Centennial Bank Redlands, CA $798.0M First California Bank
Jan 16, 2009 Bank of Clark County Vancouver, WA $441.1M Umpqua Bank
Jan 16, 2009 National Bank of Commerce Berkeley, IL $419.7M Republic Bank of Chicago

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
Jun 13, 2009 FSB of Yoakum, Inc. DE First State Bancshares of Yoakum, Inc.
Jun 12, 2009 Union Bancshares of Benton, Inc. AR First Security Bancorp
Jun 12, 2009 The Union Bank of Benton AR First Security Bank
Jun 11, 2009 WNB Financial Services, Inc. TX WNB Bancshares, Inc.
Jun 9, 2009 The Apple Valley Bank & Trust Company CT New England Bank
Jun 4, 2009 First Burkburnett Nevada Financial Corporation NV First Burkburnett Bancshares, Inc.
Jun 1, 2009 Desert Energy Credit Union AZ Pima Federal Credit Union
Jun 1, 2009 Retail Employee Credit Union GA Georgia's Own Credit Union
Jun 1, 2009 Landmark Mortgage Company IN First Internet Bancorp
Jun 1, 2009 American Bancorp of New Jersey, Inc. NJ Investors Bancorp, Inc.
Jun 1, 2009 Glassworkers Works No. 14 Credit Union IL Land of Lincoln Credit Union
Jun 1, 2009 El Camino College Federal Credit Union CA Schoolsfirst Federal Credit Union
Jun 1, 2009 Avibank Employees Federal Credit Union CA Prospectors Federal Credit Union
Jun 1, 2009 Rawhide Credit Union IL Alero Financial Credit Union
Jun 1, 2009 Pennwalt Employees Credit Union MI Nupath Community Credit Union
Jun 1, 2009 Ryerson Employees Credit Union IL South Division Credit Union
Jun 1, 2009 Local 219 Federal Credit Union OH B F G Federal Credit Union
Jun 1, 2009 First Financial Community Federal Credit Union TX Security First Federal Credit Union
Jun 1, 2009 National Science Foundation Federal Credit Union VA The Partnership Federal Credit Union
Jun 1, 2009 Tonawanda School Employees Federal Credit Union NY Tonawanda Community Federal Credit Union
Jun 1, 2009 Grocers Financial Services Federal Credit Union AR United Arkansas Federal Credit Union
Jun 1, 2009 Alabama 1st Capital Credit Union AL Alabama One Credit Union
Jun 1, 2009 Memorial Health System Employees Credit Union IL Heartland Credit Union
Jun 1, 2009 Community Trust Credit Union CA Self-Help Federal Credit Union
Jun 1, 2009 American Bank of New Jersey NJ Investors Bank
Jun 1, 2009 McNairy County Educational Credit Union TN McNairy Employees Credit Union
Jun 1, 2009 Chicanos Por La Causa Federal Credit Union AZ Marisol Federal Credit Union
Jun 1, 2009 Steinbeck Credit Union CA The Golden 1 Credit Union
May 31, 2009 Mason National Bancshares of Nevada, Inc. NV Mason Bancshares, Inc.
May 31, 2009 Ohio Carpenters Federal Credit Union OH Saints Margaret & Gregory Federal Credit Union
May 31, 2009 Nationsheritage Federal Credit Union MA HarborOne Bank
May 31, 2009 Church Capital Management LLC PA The PNC Financial Services Group, Inc.
May 30, 2009 First American Federal Credit Union CA Intouch Credit Union
May 30, 2009 Bank of Canton PA Chemung Canal Trust Company, N.A.
May 30, 2009 Montana State Hospital Credit Union MT Edtech Federal Credit Union
May 30, 2009 Providence Bank FL Florida Traditions Bank
May 30, 2009 Canton Bancorp, Inc. PA Chemung Financial Corporation
May 30, 2009 International Bank CO Inbank
May 28, 2009 Self Locking Employees Credit Union IL Streator Onized Credit Union
May 27, 2009 Lee County Bancshares, Inc AR Farmers and Merchants Bankshares, Inc.
May 27, 2009 Pennsylvania Business Bank PA Nova Bank
May 26, 2009 Bear Stearns Financial Products Inc. NY JPMorgan Chase Bank, N.A.
May 23, 2009 Armstrong Employees Credit Union AL New Horizons Credit Union
May 23, 2009 Court Square Leasing Corporation MD Manufacturers and Traders Trust Company
May 23, 2009 Provident Bankshares Corporation MD Wilmington Trust Corporation
May 23, 2009 Provident Bank of Maryland MD Manufacturers and Traders Trust Company
May 15, 2009 First Bank of West Texas TX Western Bank
May 12, 2009 Dresdner Bank Aktiengesellschaft — Commerzbank Aktiengesellschaft
May 9, 2009 Gateway Bank & Trust Company NC Xenith Bank
May 9, 2009 Benjamin Franklin Bank MA Rockland Trust Company

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

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