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
May 2, 2009	(unnamed)	—	Bank of the West
May 2, 2009	TBB Delaware, Inc.	DE	Texas Brand Bancshares, Inc.
May 2, 2009	LNB Financial Corp.	DE	Paris Bancshares, Inc.
May 1, 2009	Basil Community	PA	Alcose Credit Union
May 1, 2009	West Texas Bancshares of Delaware, Inc.	DE	West Texas Bancshares, Inc.
May 1, 2009	Enfield Federal Savings and Loan Association	CT	New England Bank
May 1, 2009	Westlake Technology Credit Union	OH	Lakeshore Community Credit Union
May 1, 2009	Milan Federal Credit Union	MI	University of Michigan Credit Union
May 1, 2009	R E a Federal Credit Union	DC	Agriculture Federal Credit Union
May 1, 2009	Highland Hospital Federal Credit Union	NY	Advantage Federal Credit Union
May 1, 2009	Abingdon Pottery Credit Union	IL	I. H. Mississippi Valley Credit Union
May 1, 2009	Salt Lake Schools Credit Union	UT	Granite Federal Credit Union
May 1, 2009	Caswell Credit Union	VT	802 Credit Union
Apr 30, 2009	Pacific Coast Credit Union	CA	Financial Partners Credit Union
Apr 30, 2009	Heartland Employees Credit Union	MI	River Valley Credit Union
Apr 30, 2009	Delpart Fcu	DE	American Spirit Federal Credit Union
Apr 27, 2009	Countrywide Bank, FSB	CO	Bank of America, N.A.
Apr 25, 2009	FNB Financial	MI	Southern Michigan Bank & Trust
Apr 25, 2009	First National Bank	MO	Landmark Bank
Apr 25, 2009	Community Bank of Cape Coral	FL	First Community Bank of Southwest Florida
Apr 25, 2009	Century Bank, National Association	TX	Wells Fargo Bank, N.A.
Apr 25, 2009	Landmark Bank, National Association	OK	Landmark Bank
Apr 23, 2009	Effinity Financial Corporation	VA	NB Holdings Corporation
Apr 20, 2009	CNLBank, Southwest Florida	FL	CNLBank
Apr 20, 2009	CNLBank, First Coast	FL	CNLBank
Apr 18, 2009	Lincoln Bank	IN	First Merchants Bank of Central Indiana, National Association
Apr 18, 2009	American Bank Center	ND	Bravera Bank
Apr 18, 2009	Farmers State Bank	IN	Hoosier Heartland State Bank
Apr 17, 2009	American Community Bank	NC	Yadkin Bank
Apr 17, 2009	American Community Bancshares, Inc.	NC	Yadkin Financial Corporation
Apr 11, 2009	Benjamin Franklin Bancorp, Inc.	MA	Independent Bank Corp.
Apr 4, 2009	Mountain West Bank of Kalispell, National Association	MT	Mountain West Bank, National Association
Apr 4, 2009	(unnamed)	—	Country Club Bank
Apr 4, 2009	The First National Bank of Brewster	MN	Rolling Hills Bank & Trust
Apr 3, 2009	Canandaigua V a Employees Federal Credit Union	NY	Focal Point Federal Credit Union
Apr 2, 2009	M&T Credit Services, LLC	NY	Manufacturers and Traders Trust Company
Apr 1, 2009	New Brighton Schools Federal Credit Union	PA	New Alliance Federal Credit Union
Apr 1, 2009	Peoples Bancshares, Inc.	CO	Peoples, Inc.
Apr 1, 2009	Beeville Holdings, Inc.	DE	First Beeville Financial Corporation
Apr 1, 2009	C B R M, Inc.	DE	RBC Bank (USA)
Apr 1, 2009	United Bank and Trust Company	LA	Liberty Bank and Trust Company
Apr 1, 2009	The PrivateBank	MI	CIBC Bank USA
Apr 1, 2009	Aurora Catholic Federal Credit Union	CO	Security Service Federal Credit Union
Apr 1, 2009	Frisco Employees Credit Union	OK	Western Sun Federal Credit Union
Apr 1, 2009	Brighton Cooperative Federal Credit Union	CO	Canvas Credit Union
Apr 1, 2009	Jeannette Rubber Federal Credit Union	PA	Elliott Community Federal Credit Union
Apr 1, 2009	Alcoa Richmond Federal Credit Union	VA	Virginia Federal Credit Union
Apr 1, 2009	First Country Federal Credit Union	TX	First Service Credit Union
Apr 1, 2009	Cryovac Employees Credit Union	IA	Dupaco Community Credit Union
Apr 1, 2009	Resurrection Catholic Center Credit Union	AL	Tri-Rivers Federal 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

Browse adjacent years: 2008 · 2010

Or jump to a category: Failures · Mergers · Enforcement · Assistance