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
Oct 1, 2009	Jackson County Federal Employees Credit Union	MS	Navigator Federal Credit Union
Oct 1, 2009	Monroe Area Federal Credit Union	MI	Monroe Community Credit Union
Oct 1, 2009	Telco Federal Credit Union	NY	Empower Federal Credit Union
Oct 1, 2009	Berks Community Federal Credit Union	PA	Bellco Federal Credit Union
Oct 1, 2009	Warren-Niles Republic Employees Federal Credit Union	OH	Edison Financial Credit Union, Incorporated
Oct 1, 2009	Okc Thrift Federal Credit Union	OK	Oklahoma's Federal Credit Union
Oct 1, 2009	GPC Credit Association	GA	Georgia's Own Credit Union
Oct 1, 2009	Merchants Trust Company	VT	Merchants Bank
Oct 1, 2009	E1 Financial Credit Union	CA	Nuvision Federal Credit Union
Oct 1, 2009	Atlas Empl Federal Credit Union	LA	Bossier Federal Credit Union
Oct 1, 2009	Community First Bank	IN	First Savings Bank
Sep 30, 2009	Horizon Trust and Investment Management, N.A.	IN	Horizon Bank
Sep 30, 2009	Fifth Third Bank, National Association	TN	Fifth Third Bank, N.A.
Sep 30, 2009	Fifth Third Bank	MI	Fifth Third Bank, N.A.
Sep 30, 2009	Spirit of Saint Louis Credit Union	MO	Vantage Credit Union
Sep 30, 2009	U.S. First Credit Union	CA	The Golden 1 Credit Union
Sep 30, 2009	National City Business Credit, Inc.	OH	National City Bank
Sep 29, 2009	Oakland Deposit Bank	TN	The Farmers Bank of Lynchburg
Sep 29, 2009	WNB Financial Corp.	DE	WNB Bancshares, Inc.
Sep 26, 2009	The First Western Bank Sturgis	SD	First Interstate Bank
Sep 26, 2009	First Western Bank	SD	First Interstate Bank
Sep 26, 2009	Lafayette Bank and Trust Company, National Association	IN	First Merchants Bank
Sep 26, 2009	Commerce Bank of Wyoming, N.A.	WY	Nebraskaland Bank
Sep 26, 2009	The Bank of Venice	FL	TIB Bank
Sep 26, 2009	Guaranty Financial Services, Inc.	WV	First Sentry Bancshares, Inc.
Sep 26, 2009	Guaranty Bank & Trust Company	WV	First Sentry Bank, Inc.
Sep 26, 2009	Commerce National Bank	OH	First Merchants Bank
Sep 26, 2009	First National Building Corporation	PA	First National Bank of Pennsylvania
Sep 26, 2009	First Merchants Bank of Central Indiana, National Association	IN	First Merchants Bank
Sep 25, 2009	Texas First Bank - Winnie	TX	Texas First Bank
Sep 23, 2009	Zmfu, Inc.	UT	Zions Bancorporation
Sep 19, 2009	Yuma Community Bank	AZ	The Foothills Bank
Sep 18, 2009	Fico, Inc.	NE	First State Holding Co.
Sep 18, 2009	Filley Bank	NE	First State Bank Nebraska
Sep 15, 2009	B & O Employees Credit Union	IL	Land of Lincoln Credit Union
Sep 12, 2009	Hagerstown Trust Company	MD	The Columbia Bank
Sep 11, 2009	Central Bank of the South	AL	BBVA USA
Sep 11, 2009	BBVA Bancomer USA	CA	BBVA USA
Sep 5, 2009	Vertagreen Credit Union	AL	Valley Credit Union
Sep 2, 2009	Rio Delaware Corporation	DE	Rio Financial Services, Inc.
Sep 1, 2009	Bankers Trust Company, National Association	AZ	Bankers Trust Company
Sep 1, 2009	Bank of Gower	MO	The Union State Bank of Everest
Sep 1, 2009	Kerr Employees Credit Union	MI	Public Service Credit Union
Sep 1, 2009	Mount Sinai Federal Credit Union	FL	Peoples Credit Union
Sep 1, 2009	Costa Mesa Federal Credit Union	CA	Nuvision Federal Credit Union
Sep 1, 2009	Service Plus Credit Union	CA	Schoolsfirst Federal Credit Union
Sep 1, 2009	Milepost Credit Union	WA	Sound Credit Union
Sep 1, 2009	Cma Credit Union	AL	Southern Energy Credit Union
Sep 1, 2009	JN Pease Employees Credit Union	NC	Greater Piedmont Credit Union
Sep 1, 2009	Hickory Printing Group Savings Plan Credit Union	NC	Summit Credit Union

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

Enforcement Actions in 2009

Action date	Agency	Institution	Action
Jan 22, 2009 Released Feb 3, 2009	FRB	First SCK Financial Corporation	Written Agreement: First SCK Financial Corporation, Anthony, Kansas
Jan 21, 2009	OCC	Ripley Federal Savings Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Ripley Federal Savings Bank
Jan 21, 2009	OCC_OTS	Ripley Federal Savings Bank	Cease and Desist: Ripley Federal Savings Bank
Jan 21, 2009	OCC_OTS	Ripley Federal Savings Bank	Civil Money Penalty: Ripley Federal Savings Bank
Jan 21, 2009 Released Jul 14, 2016	FRB	Northpointe Bancshares, Inc.	Written Agreement: Northpointe Bancshares, Inc., Grand Rapids, Michigan
Jan 21, 2009	OCC_OTS	Suburban Federal Savings Bank	Prompt Corrective Action: Suburban Federal Savings Bank
Jan 20, 2009 Released Feb 3, 2009	FRB	Elmwood Financial Corporation	Written Agreement: Elmwood Financial Corporation, Racine, Wisconsin; Bank of Elmwood, Racine, Wisconsin
Jan 16, 2009	OCC	Capital One, N.A.	Civil Money Penalty (CMP): Capital One, National Association
Jan 15, 2009	OCC_OTS	American Sterling Bank	Prompt Corrective Action: American Sterling Bank
Jan 15, 2009	OCC	Mountain West Financial Corp.	Formal Agreement: Mountain West Bank, National Association
Jan 15, 2009	OCC	Mountain West Bank of Kalispell, National Association	Formal Agreement: Mountain West Bank of Kalispell, National Association
Jan 15, 2009	OCC_OTS	Tierone Bank	Supervisory Agreement: TierOne Bank
Jan 15, 2009	FRB	(individual)	Section 19 Letters: Nicholas Lanham
Jan 13, 2009	OCC	KeyBank N.A.	Prohibition/Removal Orders: Pappas, Mark E.
Jan 13, 2009	OCC	Marshall Bank, N.A.	Civil Money Penalty (CMP): Kosiek, Timothy M.
Jan 12, 2009	OCC_OTS	MidFirst Bank	Orders of Removal/Prohibition: James Wheeler
Jan 12, 2009 Released Jan 21, 2009	FRB	First Company	Written Agreement: First Company, Cody, Wyoming
Jan 12, 2009 Released Jan 30, 2009	FRB	New Frontier Bancorp	Written Agreement: New Frontier Bancorp, Greeley, Colorado
Jan 9, 2009	FRB	FNB Southeast	Section 19 Letters: Jill B. Clatterbuck
Jan 9, 2009	FRB	(individual)	Section 19 Letters: Angela M. Chanaba
Jan 8, 2009	OCC	Safra National Bank of New York	Prohibition/Removal Orders: Palacci, Albert S.
Jan 5, 2009	OCC	The Bank of Miami, N.A.	Formal Agreement: The Bank of Miami, National Association

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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