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
Nov 1, 2009	Leavenworth Teachers & Community Credit Union	KS	MainStreet Federal Credit Union
Nov 1, 2009	Sweetheart Federal Credit Union	TX	Aafes Federal Credit Union
Oct 31, 2009	Walpole Municipal Employees Credit Union	MA	Arise Federal Credit Union
Oct 31, 2009	TCF National Bank Arizona	AZ	TCF National Bank
Oct 31, 2009	Beverly National Corporation	MA	Danvers Bancorp, Inc.
Oct 31, 2009	Crosby State Bank	TX	CommunityBank of Texas, N.A.
Oct 31, 2009	Newark-Delaware City Employees Federal Credit Union	DE	Louviers Federal Credit Union
Oct 31, 2009	First State Bank	TN	The Farmers Bank of Lynchburg
Oct 31, 2009	New England United Methodist Federal Credit Union	ME	Interfaith Federal Credit Union
Oct 31, 2009	Electrical Workers 442 Federal Credit Union	CA	Operating Engineers Local Union #3 Federal Credit Union
Oct 31, 2009	Yorkco School Employees Credit Union	PA	White Rose Credit Union
Oct 30, 2009	LGF Bancshares, Inc.	DE	First La Grange Bancshares, Inc.
Oct 30, 2009	First Community Bancshares, Inc.	DE	Coastal Bend Bancshares, Inc.
Oct 30, 2009	Spirit of America National Bank	OH	Comenity Bank
Oct 24, 2009	Keystone State Savings Bank	PA	Northwest Bank
Oct 24, 2009	United Security Financial Corporation	IA	Ohnward Bank & Trust
Oct 24, 2009	United Security Savings Bank, FSB	IA	Ohnward Bank & Trust
Oct 19, 2009	First Delta Bankshares, Inc.	AR	Uplift Financial Development Corporation
Oct 17, 2009	Northern National Bank	MN	Frandsen Bank & Trust
Oct 17, 2009	Community Bank of the Red River Valley	MN	Frandsen Bank & Trust
Oct 17, 2009	Healthcare Bancorp, Inc.	OK	Cache Holdings, Inc.
Oct 17, 2009	Merchants and Farmers Bank of Comer, Georgia	GA	First Citizens Bank and Trust Company, Inc.
Oct 16, 2009	Preferred Blocker Inc.	MI	Ally Financial Inc.
Oct 16, 2009	Huntington Bancshares of Delaware, Inc.	DE	Ubank Holdings, Inc.
Oct 15, 2009	Carolina Commerce Bank	NC	Carolina Trust Bank
Oct 10, 2009	New Vienna Savings Bank	IA	Citizens State Bank
Oct 8, 2009	First Jacksboro Bancshares of Delaware, Inc.	DE	Highlands Bancshares, Inc.
Oct 5, 2009	The First National Bank of Canadian	TX	Happy State Bank
Oct 3, 2009	First State Bank of Beardstown, Illinois	IL	West Central Bank
Oct 2, 2009	Clarke Community Federal Credit Union	GA	Peach State Federal Credit Union
Oct 2, 2009	First Company	WY	Glacier Bancorp, Inc.
Oct 1, 2009	Anderson SC County Educators Federal Credit Union	SC	S.C. State Federal Credit Union
Oct 1, 2009	FREEDOM21 Federal Credit Union	TN	Southern Security Federal Credit Union
Oct 1, 2009	Harbourside Community Bank, National Association	SC	The Savannah Bank, National Association
Oct 1, 2009	Burton Holdings, Inc.	DE	Burton Bancshares, Inc.
Oct 1, 2009	First Louisiana Bancshares, Inc.	LA	Origin Bancorp, Inc.
Oct 1, 2009	New Hope Community Development Federal Credit Union	AL	Avadian Credit Union
Oct 1, 2009	JPMorgan Mezzanine Corporation	IL	JPMorgan Chase & Co.
Oct 1, 2009	Teachers Credit Union of Warren County	IL	I. H. Mississippi Valley Credit Union
Oct 1, 2009	K of C 3197 Federal Credit Union	NJ	Central Jersey Federal Credit Union
Oct 1, 2009	Dallas City Packing Federal Credit Union	TX	Texas Telcom Credit Union
Oct 1, 2009	Motor Club of America Federal Credit Union	NJ	Bethex Federal Credit Union
Oct 1, 2009	Landmark Communications Employees Credit Union	VA	Norfolk Virginia Postal Credit Union
Oct 1, 2009	L and N and C and E I Credit Union	IL	First Illinois Credit Union
Oct 1, 2009	Missouri Health Family Credit Union	MO	Multipli Federal Credit Union
Oct 1, 2009	Winnetka Municipal Employees Credit Union	IL	New Trier Federal Credit Union
Oct 1, 2009	First Insurance Federal Credit Union	HI	Aloha Pacific Federal Credit Union
Oct 1, 2009	Replacement Parts Employees Federal Credit Union	AR	Arkansas Employees Federal Credit Union
Oct 1, 2009	Sunflower Credit Union	KS	Mid American Credit Union
Oct 1, 2009	Kenton Federal Credit Union	NY	The Summit 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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