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 |
|---|---|---|
| Aug 31, 2009 | Dynamic Healthcare Employees Federal Credit Union | Centurion Federal Credit Union |
| Aug 31, 2009 | Free Choice Federal Credit Union | Trumark Credit Union |
| Aug 31, 2009 | First Security Credit Union | Landmark Credit Union |
| Aug 31, 2009 | Allco Credit Union | Landmark Credit Union |
| Aug 29, 2009 | Busey Bank, National Association | Busey Bank |
| Aug 29, 2009 | The First National Bank of Ekalaka | Summit National Bank |
| Aug 28, 2009 | SC Firefighters Federal Credit Union | CPM Federal Credit Union |
| Aug 27, 2009 | RBC Bank (Georgia) | RBC Bank (Georgia), N.A. |
| Aug 22, 2009 | PNC Bank, Delaware | PNC Bank, N.A. |
| Aug 22, 2009 | CB Bancorp, Inc. | Merchants Bancorp, Inc. |
| Aug 22, 2009 | The Citizens Bank of Higginsport, Ohio | Merchants National Bank |
| Aug 20, 2009 | Perryton Holdings, Inc. | Perryton Bancshares, Inc. |
| Aug 15, 2009 | The Peoples Bank of Elkton | The Columbia Bank |
| Aug 15, 2009 | Milton Investments, Inc. | Bank of Milton |
| Aug 14, 2009 | First Boulder Valley Bank | Madison Valley Bank |
| Aug 8, 2009 | Citizens State Bank | The Tilden Bank |
| Aug 8, 2009 | Castle Bank & Trust Company | ION Bank |
| Aug 8, 2009 | First Texas Bank | First Texas Bank |
| Aug 1, 2009 | First Platteville Investment Corporation | The First National Bank of Platteville |
| Aug 1, 2009 | TriStone Community Bank | First Community Bank |
| Aug 1, 2009 | Massbank Corp. | Eastern Bankshares Inc |
| Aug 1, 2009 | Cityside Federal Credit Union | Southland Credit Union |
| Aug 1, 2009 | Mutual Federal Credit Union | Glass City Federal Credit Union |
| Aug 1, 2009 | Ward Paper Company Employees Credit Union | Park City Credit Union |
| Aug 1, 2009 | Oregon Territory Federal Credit Union | Rivermark Community Credit Union |
| Aug 1, 2009 | Greater Warren Community Federal Credit Union | Associated School Employees Credit Union, Inc. |
| Aug 1, 2009 | Lynchburg Foundry Federal Credit Union | Beacon Credit Union Incorporated |
| Aug 1, 2009 | Mount Horeb Baptist Church Federal Credit Union | Library of Congress Federal Credit Union |
| Jul 30, 2009 | Chevy Chase Bank, Federal Savings Bank | Capital One, N.A. |
| Jul 28, 2009 | Unicorp Federal Credit Union | Everwise Credit Union |
| Jul 25, 2009 | Valley Bank Minnesota | Valley Bank |
| Jul 25, 2009 | Discovery Bank | Commercewest Bank |
| Jul 21, 2009 | Brenham National Holding Corporation | Brenham Bancshares, Inc. |
| Jul 20, 2009 | Southern Bank of Commerce | Southern Bank |
| Jul 18, 2009 | Citizens State Bank | Fidelity Bank & Trust |
| Jul 18, 2009 | EastBank | Franklin National Bank of Minneapolis |
| Jul 17, 2009 | Hocking Valley Credit Union, Inc. | Atomic Credit Union, Inc. |
| Jul 17, 2009 | Kabel Federal Credit Union | Oucu Financial Credit Union, Inc. |
| Jul 16, 2009 | Yamaha Employees Federal Credit Union | Center City Community Credit Union |
| Jul 16, 2009 | The Citizens State Bank of Pomona | Goppert State Service Bank |
| Jul 14, 2009 | Chevy Chase Preferred Capital Corporation | Chevy Chase Bank, Federal Savings Bank |
| Jul 11, 2009 | The State Bank of Lebo | The Farmers State Bank of Aliceville, Kansas |
| Jul 11, 2009 | Town & Country Bank | Town And Country Bank |
| Jul 7, 2009 | The First Bank, Roxton, Texas | Security Bank of Texas |
| Jul 7, 2009 | Roxton Corporation | First Bancshares of Texas, Inc. |
| Jul 6, 2009 | The Bank of New York Trust Company | BNY Mellon, N.A. |
| Jul 2, 2009 | Fort Worth Bancshares, Inc. | Southside Bancshares, Inc. |
| Jul 1, 2009 | Chatham Employees Credit Union | Members Credit Union |
| Jul 1, 2009 | Sutton State Bank | Astra Bank |
| Jul 1, 2009 | Local 542 District III O East Federal Credit Union | Ufcw Community 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 | 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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