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
Dec 31, 2009	Provenant Federal Credit Union	CO	Canvas Credit Union
Dec 31, 2009	Community National Corporation	OH	NB&T Financial Group, Inc.
Dec 31, 2009	Dearden, Maguire, Weaver and Barrett,llc	PA	Fulton Financial Advisors, N.A.
Dec 31, 2009	Wells Fargo Delaware Trust Company	DE	Wells Fargo Delaware Trust Company, N.A.
Dec 31, 2009	Citizens Financial Corporation of Brownwood, Inc.	DE	Brownwood Bancshares, Inc.
Dec 31, 2009	(unnamed)	—	Brown Brothers Harriman Trust Company of Delaware, N.A.
Dec 31, 2009	First Minneapolis Building Corporation	MN	U.S. Bank N.A.
Dec 31, 2009	Totah Credit Union	NM	Animas Credit Union
Dec 31, 2009	Eaton Employees Credit Union	IL	Eaton Family Credit Union
Dec 31, 2009	Communications Credit Union	OK	Communication Federal Credit Union
Dec 31, 2009	Maine Township Schools Credit Union	IL	Premier Credit Union
Dec 31, 2009	The Community National Bank	OH	The National Bank and Trust Company
Dec 31, 2009	Millersville Federal Credit Union	PA	Lanco Federal Credit Union
Dec 31, 2009	K&S Employees Federal Credit Union	PA	Honeywell Philadelphia Division Federal Credit Union
Dec 31, 2009	PL Co Federal Credit Union	KY	Louchem Federal Credit Union
Dec 31, 2009	First Service Credit Union	WI	Marine Credit Union
Dec 30, 2009	Coast Financial Holdings, Inc	FL	The San Francisco Company
Dec 30, 2009	Border Capital Group of Delaware, Inc.	DE	Border Capital Group, Inc.
Dec 28, 2009	Jordan Mutual Benefit Association Credit Union	CT	Victory/Piaterer Mutual Benefit Association Credit Union
Dec 28, 2009	American Mutual Credit Union, Inc	CT	Victory/Piaterer Mutual Benefit Association Credit Union
Dec 25, 2009	East Texas Bancshares of Delaware, Inc.	DE	East Texas Bancshares, Inc.
Dec 24, 2009	University House Federal Credit Union	PA	Freedom Credit Union
Dec 23, 2009	McLaughlin Delaware Bancshares, Inc.	DE	Vista Bancshares, Inc.
Dec 23, 2009	FVNB Delaware Corp.	DE	FVNB Corp.
Dec 21, 2009	Texas Employees Credit Union	TX	America's Credit Union
Dec 18, 2009	M. C. B. Holdings, Inc.	NV	Morris County Bankshares, Incorporated
Dec 18, 2009	St. Cloud Investment Corp.	WI	Hometown Bank
Dec 17, 2009	Embden Farmers Union Credit Union	ND	Elm River Credit Union
Dec 15, 2009	Sunrise Bank of Arizona	AZ	Sunrise Bank of Arizona
Dec 15, 2009	Colonia Bank	AZ	Sunrise Bank of Arizona
Dec 15, 2009	Asian Bank of Arizona	AZ	Sunrise Bank of Arizona
Dec 15, 2009	Arrowhead Community Bank	AZ	Sunrise Bank of Arizona
Dec 15, 2009	(unnamed)	—	Sunrise Bank of Arizona
Dec 15, 2009	Douglas Memorial Federal Credit Union	MD	Securityplus Federal Credit Union
Dec 12, 2009	The First National Bank of Gilman	IL	Prospect Bank
Dec 9, 2009	First Jones Bancorporation, Inc.	OK	BancFirst Corporation
Dec 5, 2009	C. B. Bank Shares, Inc.	IN	First Farmers Financial Corporation
Dec 5, 2009	Central Bank	IN	First Farmers Bank & Trust Co.
Dec 5, 2009	MainSource Bank - Ohio	OH	MainSource Bank
Dec 5, 2009	Brunswick Employees Credit Union	IL	Baxter Credit Union
Dec 1, 2009	Iam Credit Union	IL	Credit Union 1
Dec 1, 2009	Brighton Federal Credit Union	CO	Colorado Credit Union
Dec 1, 2009	Cornell Teachers Credit Union	WI	Valley Credit Union
Dec 1, 2009	St. Ferdinand Credit Union	MO	Gateway Metro Federal Credit Union
Dec 1, 2009	Amf Kennedy Employees Federal Credit Union	NY	Triboro Postal Federal Credit Union
Dec 1, 2009	Trico Credit Union	WI	Parker Community Credit Union
Dec 1, 2009	Faith Financial Federal Credit Union	KS	MainStreet Federal Credit Union
Dec 1, 2009	Careconnections Federal Credit Union	CA	Calcom Federal Credit Union
Dec 1, 2009	Useit Federal Credit Union	CA	Schoolsfirst Federal Credit Union
Dec 1, 2009	Vernon/Commerce Credit Union	CA	Pasadena Service 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

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