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
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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