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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
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
Dec 31, 2009 Provenant Federal Credit Union CO Canvas Credit Union
Dec 31, 2009 Community National Corporation OH NB&T Financial Group, Inc.
Dec 31, 2009 Dearden, Maguire, Weaver and Barrett,llc PA Fulton Financial Advisors, N.A.
Dec 31, 2009 Wells Fargo Delaware Trust Company DE Wells Fargo Delaware Trust Company, N.A.
Dec 31, 2009 Citizens Financial Corporation of Brownwood, Inc. DE Brownwood Bancshares, Inc.
Dec 31, 2009 (unnamed) — Brown Brothers Harriman Trust Company of Delaware, N.A.
Dec 31, 2009 First Minneapolis Building Corporation MN U.S. Bank N.A.
Dec 31, 2009 Totah Credit Union NM Animas Credit Union
Dec 31, 2009 Eaton Employees Credit Union IL Eaton Family Credit Union
Dec 31, 2009 Communications Credit Union OK Communication Federal Credit Union
Dec 31, 2009 Maine Township Schools Credit Union IL Premier Credit Union
Dec 31, 2009 The Community National Bank OH The National Bank and Trust Company
Dec 31, 2009 Millersville Federal Credit Union PA Lanco Federal Credit Union
Dec 31, 2009 K&S Employees Federal Credit Union PA Honeywell Philadelphia Division Federal Credit Union
Dec 31, 2009 PL Co Federal Credit Union KY Louchem Federal Credit Union
Dec 31, 2009 First Service Credit Union WI Marine Credit Union
Dec 30, 2009 Coast Financial Holdings, Inc FL The San Francisco Company
Dec 30, 2009 Border Capital Group of Delaware, Inc. DE Border Capital Group, Inc.
Dec 28, 2009 Jordan Mutual Benefit Association Credit Union CT Victory/Piaterer Mutual Benefit Association Credit Union
Dec 28, 2009 American Mutual Credit Union, Inc CT Victory/Piaterer Mutual Benefit Association Credit Union
Dec 25, 2009 East Texas Bancshares of Delaware, Inc. DE East Texas Bancshares, Inc.
Dec 24, 2009 University House Federal Credit Union PA Freedom Credit Union
Dec 23, 2009 McLaughlin Delaware Bancshares, Inc. DE Vista Bancshares, Inc.
Dec 23, 2009 FVNB Delaware Corp. DE FVNB Corp.
Dec 21, 2009 Texas Employees Credit Union TX America's Credit Union
Dec 18, 2009 M. C. B. Holdings, Inc. NV Morris County Bankshares, Incorporated
Dec 18, 2009 St. Cloud Investment Corp. WI Hometown Bank
Dec 17, 2009 Embden Farmers Union Credit Union ND Elm River Credit Union
Dec 15, 2009 Sunrise Bank of Arizona AZ Sunrise Bank of Arizona
Dec 15, 2009 Colonia Bank AZ Sunrise Bank of Arizona
Dec 15, 2009 Asian Bank of Arizona AZ Sunrise Bank of Arizona
Dec 15, 2009 Arrowhead Community Bank AZ Sunrise Bank of Arizona
Dec 15, 2009 (unnamed) — Sunrise Bank of Arizona
Dec 15, 2009 Douglas Memorial Federal Credit Union MD Securityplus Federal Credit Union
Dec 12, 2009 The First National Bank of Gilman IL Prospect Bank
Dec 9, 2009 First Jones Bancorporation, Inc. OK BancFirst Corporation
Dec 5, 2009 C. B. Bank Shares, Inc. IN First Farmers Financial Corporation
Dec 5, 2009 Central Bank IN First Farmers Bank & Trust Co.
Dec 5, 2009 MainSource Bank - Ohio OH MainSource Bank
Dec 5, 2009 Brunswick Employees Credit Union IL Baxter Credit Union
Dec 1, 2009 Iam Credit Union IL Credit Union 1
Dec 1, 2009 Brighton Federal Credit Union CO Colorado Credit Union
Dec 1, 2009 Cornell Teachers Credit Union WI Valley Credit Union
Dec 1, 2009 St. Ferdinand Credit Union MO Gateway Metro Federal Credit Union
Dec 1, 2009 Amf Kennedy Employees Federal Credit Union NY Triboro Postal Federal Credit Union
Dec 1, 2009 Trico Credit Union WI Parker Community Credit Union
Dec 1, 2009 Faith Financial Federal Credit Union KS MainStreet Federal Credit Union
Dec 1, 2009 Careconnections Federal Credit Union CA Calcom Federal Credit Union
Dec 1, 2009 Useit Federal Credit Union CA Schoolsfirst Federal Credit Union
Dec 1, 2009 Vernon/Commerce Credit Union CA Pasadena Service Federal Credit Union

The list holds 500 of the 566 mergers recorded for 2009.

Enforcement Actions in 2009

Action date Agency Institution Action
Feb 17, 2009 OCC_OTS Sykesville Federal Savings Association Civil Money Penalty: C. Todd Brown
Feb 17, 2009 OCC Ohio Legacy Corp. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Ohio Legacy Bank, National Association
Feb 17, 2009 OCC_OTS Sykesville Federal Savings Association Civil Money Penalty: Charles E. Wehland
Feb 17, 2009 OCC_OTS Sykesville Federal Savings Association Civil Money Penalty: Brian L. Haight
Feb 17, 2009 OCC_OTS Sykesville Federal Savings Association Civil Money Penalty: Melvin T. Hush
Feb 17, 2009
Released Feb 19, 2009		 FRB Polk County Bancorporation, Inc. Written Agreement: Polk County Bancorporation, Inc., Johnston, Iowa
Feb 17, 2009 OCC_OTS Sykesville Federal Savings Association Civil Money Penalty: Gilbert L. Fleming
Feb 17, 2009 OCC_OTS Sykesville Federal Savings Association Civil Money Penalty: William R. Atkinson
Feb 17, 2009 OCC_OTS Sykesville Federal Savings Association Civil Money Penalty: Rose M. Icenroad
Feb 17, 2009 OCC_OTS Sykesville Federal Savings Association Civil Money Penalty: Evelyn L. Burns
Feb 13, 2009
Released Feb 19, 2009		 FRB Florida Community Banks, Inc. Written Agreement: Florida Community Banks, Inc., Immokalee, Florida
Feb 12, 2009 OCC First United Bank, National Association Civil Money Penalty (CMP): Baltz, Stephen
Feb 12, 2009 OCC First United Bank, National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Baltz, Stephen
Feb 12, 2009 OCC The Upstate National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Upstate National Bank
Feb 12, 2009 OCC International City Mortgage Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): International City Bank, National Association
Feb 12, 2009 OCC_OTS Peoples First Properties, Inc. Cease and Desist: Peoples First Properties, Inc.
Feb 12, 2009 OCC First United Bank, National Association Civil Money Penalty (CMP): Baltz, Kimberly
Feb 12, 2009 OCC First United Bank, National Association Civil Money Penalty (CMP): Baltz, Martha
Feb 12, 2009 OCC Pacific National Bank Formal Agreement: Pacific National Bank
Feb 11, 2009
Released Feb 27, 2009		 FRB (individual) Cease and Desist Order: FSB Bancorp, Inc., Altus, Oklahoma
Feb 11, 2009 OCC_OTS Home Federal Savings Bank Civil Money Penalty: Thomas R. Williams
Feb 11, 2009 OCC_OTS Peoples First Community Bank Cease and Desist: Peoples First Community Bank
Feb 11, 2009
Released Feb 19, 2009		 FRB Temecula Valley Bancorp Inc. Written Agreement: Temecula Valley Bancorp, Inc., Temecula, California
Feb 10, 2009 OCC Coast National Bank Formal Agreement: Coast National Bank
Feb 9, 2009 OCC U.S. Bank N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Elison, Timothy Troy
Feb 9, 2009 OCC Patriot Bank, N.A. Formal Agreement: Patriot National Bank
Feb 9, 2009 OCC Washington State Bank, National Association Prohibition/Removal Orders: Vinson, Paula R.
Feb 6, 2009 OCC_OTS United Western Bank Orders of Removal/Prohibition: Felix (a.k.a. Felix Knight) Kudawashe Kamangirira
Feb 6, 2009 OCC Bay National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bay National Bank
Feb 4, 2009 OCC Union Planters Corporation Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bobb, Gregory
Feb 4, 2009 OCC_OTS Lehman Brothers Bank, FSB Prompt Corrective Action: Lehman Brothers Bank, FSB
Feb 4, 2009
Released Feb 9, 2009		 FRB The Genoa Banking Company Civil Money Penalty, $3,990: Genoa Banking Company, Genoa, Ohio
Feb 4, 2009 OCC (individual) Formal Agreement: Uvalde National Bank
Feb 3, 2009 OCC Unity National Bank Formal Agreement: Unity National Bank
Feb 3, 2009 FRB Farmers State Bank of Montana Section 19 Letters: Kari Tudahl
Feb 3, 2009 OCC BC National Banks Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): BC National Banks
Feb 3, 2009 FRB Regions Bank Section 19 Letters: Kim Lynn Heaven
Feb 3, 2009 OCC_OTS Federal Trust Bank, A Federal Savings Bank Prompt Corrective Action: Federal Trust Bank
Jan 30, 2009 OCC Capitol National Bank Formal Agreement: Capitol National Bank
Jan 28, 2009
Released Feb 3, 2009		 FRB Sun American Bancorp Written Agreement: Sun American Bancorp, Boca Raton, Florida; Sun American Bank, Boca Raton, Florida
Jan 27, 2009
Released Feb 9, 2009		 FRB Firstcity Bancorp, Inc. Written Agreement: FirstCity Bancorp, Inc., Stockbridge, Georgia
Jan 27, 2009 OCC Southern Colorado National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Southern Colorado National Bank
Jan 26, 2009 OCC The First National Bank of Olathe GLBA Agreement: The First National Bank of Olathe
Jan 26, 2009 OCC_OTS Lehman Brothers Bank, FSB Cease and Desist: Lehman Brothers Bank, FSB
Jan 26, 2009 OCC_OTS Firstfed Financial Corporation Cease and Desist: Firstfed Financial Corporation
Jan 26, 2009 OCC_OTS First Federal Bank of California, a Federal Savings Bank Cease and Desist: First Federal Bank of California, FSB
Jan 26, 2009 OCC Aurora Bank FSB Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Lehman Brothers Bank, FSB
Jan 23, 2009
Released Jan 28, 2009		 FRB America West Bank Members, L.C. Written Agreement: America West Bank Members, L.C., Layton, Utah
Jan 23, 2009 OCC University National Bancshares, Inc. Formal Agreement: University National Bank
Jan 23, 2009 OCC_OTS Community Bank Orders of Removal/Prohibition: Lovetta Moore

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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