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
Feb 28, 2009	Vermillion Bankshares, Inc.	KS	First Centralia Bancshares, Inc.
Feb 28, 2009	Vermillion State Bank	KS	First Heritage Bank
Feb 28, 2009	Boston Globe Employees Credit Union	MA	Metro Credit Union
Feb 27, 2009	Central Bancshares of Delaware, Inc.	DE	Central Bancshares, Inc.
Feb 21, 2009	The First Bremen Bank	OH	Vinton County National Bank
Feb 21, 2009	First National Bank of Monahans	TX	Security Bank
Feb 21, 2009	First Bank	TX	Pinnacle Bank
Feb 21, 2009	Keene Bancorp, Inc.	TX	Pinnacle Bancorp, Inc.
Feb 21, 2009	Nichols Bancshares, Inc.	DE	Pinnacle Bancorp, Inc.
Feb 21, 2009	Wood Financial Group, Inc.	DE	Pinnacle Bancorp, Inc.
Feb 21, 2009	First Azle Bancshares, Inc.	TX	Pinnacle Bancorp, Inc.
Feb 21, 2009	Bible Based Fellowship Federal Credit Union	FL	Tampa Bay Federal Credit Union
Feb 20, 2009	Canisteo Savings and Loan Association	NY	Steuben Trust Company
Feb 14, 2009	Commercial State Bank of Waterloo	IL	Midland States Bank
Feb 13, 2009	Globe Homestead Savings Bank	LA	First Bank and Trust
Feb 11, 2009	Nacogdoches Bancshares of Delaware, Inc.	DE	Nacogdoches Commercial Bancshares, Inc.
Feb 5, 2009	Unistar Federal Credit Union	NY	Usalliance Federal Credit Union
Feb 4, 2009	Valeo Employees' Federal Credit Union	NY	Greater Chautauqua Federal Credit Union
Feb 2, 2009	CCSD Federal Credit Union	NY	First Heritage Federal Credit Union
Feb 2, 2009	U.A.W. Local 55 Federal Credit Union	NY	Western Division Federal Credit Union
Feb 2, 2009	Wells Fargo Financial Bank	SD	Wells Fargo Bank, N.A.
Feb 2, 2009	Workforce Credit Union	TX	Tarrant County's Credit Union
Feb 1, 2009	The First National Bank of Morgan	UT	1st Bank
Feb 1, 2009	SLH Federal Credit Union	KY	Cove Federal Credit Union
Feb 1, 2009	Bishop De Mazenod Federal Credit Union	TX	Saint Stephens Federal Credit Union
Feb 1, 2009	Tricare Federal Credit Union	NJ	Central Jersey Federal Credit Union
Jan 31, 2009	Riverton Educators Federal Credit Union	WY	Grand Altitude Federal Credit Union
Jan 31, 2009	T.I.B. Delaware, Inc.	DE	Texas Independent Bancshares, Inc.
Jan 30, 2009	Western State Bancshares, Inc.	NE	Foundation First Corporation
Jan 30, 2009	Sovereign Bancorp, Inc.	PA	Santander Holdings USA, Inc.
Jan 24, 2009	SNB Bank of Wichita	KS	Bank of Kansas
Jan 23, 2009	First Community Bank Central Texas, National Association	TX	First Community Bank, N.A.
Jan 17, 2009	Ames Community Bank	IA	Visionbank of Iowa
Jan 17, 2009	Community Bank of Boone	IA	Visionbank of Iowa
Jan 17, 2009	First State Bank	NE	First State Bank
Jan 16, 2009	Guaranty Financial Corporation	DE	Guaranty Bancshares, Inc.
Jan 16, 2009	DC Christian Federal Credit Union	DC	Treasury Department Federal Credit Union
Jan 15, 2009	San Angelo Bancorp, Inc.	DE	Texas Bancorp, Inc.
Jan 9, 2009	Pa Investment Corp III	RI	Citizens Bank of Pennsylvania
Jan 9, 2009	Texas First Bank	TX	American Momentum Bank
Jan 7, 2009	Goldman Sachs Capital Markets L.L.C.	DE	Goldman Sachs Bank USA
Jan 3, 2009	Commercial National Bank of L'Anse	MI	Superior National Bank
Jan 2, 2009	Island Teachers Federal Credit Union	TX	Openland Credit Union
Jan 1, 2009	Cascades Credit Union	MI	Michigan Community Credit Union
Jan 1, 2009	Real Financial Credit Union	MN	Royal Credit Union
Jan 1, 2009	BVH Federal Credit Union	AL	Mutual Savings Credit Union
Jan 1, 2009	Media First Federal Credit Union	FL	Financial Federal Credit Union
Jan 1, 2009	1st Citizens Federal Credit Union	WA	Fibre Federal Credit Union
Jan 1, 2009	Nemch Credit Union	MA	Alpha Credit Union
Jan 1, 2009	Chittenden Trust Company	VT	People's United Bank, National Association

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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