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
Jun 13, 2009	FSB of Yoakum, Inc.	DE	First State Bancshares of Yoakum, Inc.
Jun 12, 2009	Union Bancshares of Benton, Inc.	AR	First Security Bancorp
Jun 12, 2009	The Union Bank of Benton	AR	First Security Bank
Jun 11, 2009	WNB Financial Services, Inc.	TX	WNB Bancshares, Inc.
Jun 9, 2009	The Apple Valley Bank & Trust Company	CT	New England Bank
Jun 4, 2009	First Burkburnett Nevada Financial Corporation	NV	First Burkburnett Bancshares, Inc.
Jun 1, 2009	Desert Energy Credit Union	AZ	Pima Federal Credit Union
Jun 1, 2009	Retail Employee Credit Union	GA	Georgia's Own Credit Union
Jun 1, 2009	Landmark Mortgage Company	IN	First Internet Bancorp
Jun 1, 2009	American Bancorp of New Jersey, Inc.	NJ	Investors Bancorp, Inc.
Jun 1, 2009	Glassworkers Works No. 14 Credit Union	IL	Land of Lincoln Credit Union
Jun 1, 2009	El Camino College Federal Credit Union	CA	Schoolsfirst Federal Credit Union
Jun 1, 2009	Avibank Employees Federal Credit Union	CA	Prospectors Federal Credit Union
Jun 1, 2009	Rawhide Credit Union	IL	Alero Financial Credit Union
Jun 1, 2009	Pennwalt Employees Credit Union	MI	Nupath Community Credit Union
Jun 1, 2009	Ryerson Employees Credit Union	IL	South Division Credit Union
Jun 1, 2009	Local 219 Federal Credit Union	OH	B F G Federal Credit Union
Jun 1, 2009	First Financial Community Federal Credit Union	TX	Security First Federal Credit Union
Jun 1, 2009	National Science Foundation Federal Credit Union	VA	The Partnership Federal Credit Union
Jun 1, 2009	Tonawanda School Employees Federal Credit Union	NY	Tonawanda Community Federal Credit Union
Jun 1, 2009	Grocers Financial Services Federal Credit Union	AR	United Arkansas Federal Credit Union
Jun 1, 2009	Alabama 1st Capital Credit Union	AL	Alabama One Credit Union
Jun 1, 2009	Memorial Health System Employees Credit Union	IL	Heartland Credit Union
Jun 1, 2009	Community Trust Credit Union	CA	Self-Help Federal Credit Union
Jun 1, 2009	American Bank of New Jersey	NJ	Investors Bank
Jun 1, 2009	McNairy County Educational Credit Union	TN	McNairy Employees Credit Union
Jun 1, 2009	Chicanos Por La Causa Federal Credit Union	AZ	Marisol Federal Credit Union
Jun 1, 2009	Steinbeck Credit Union	CA	The Golden 1 Credit Union
May 31, 2009	Mason National Bancshares of Nevada, Inc.	NV	Mason Bancshares, Inc.
May 31, 2009	Ohio Carpenters Federal Credit Union	OH	Saints Margaret & Gregory Federal Credit Union
May 31, 2009	Nationsheritage Federal Credit Union	MA	HarborOne Bank
May 31, 2009	Church Capital Management LLC	PA	The PNC Financial Services Group, Inc.
May 30, 2009	First American Federal Credit Union	CA	Intouch Credit Union
May 30, 2009	Bank of Canton	PA	Chemung Canal Trust Company, N.A.
May 30, 2009	Montana State Hospital Credit Union	MT	Edtech Federal Credit Union
May 30, 2009	Providence Bank	FL	Florida Traditions Bank
May 30, 2009	Canton Bancorp, Inc.	PA	Chemung Financial Corporation
May 30, 2009	International Bank	CO	Inbank
May 28, 2009	Self Locking Employees Credit Union	IL	Streator Onized Credit Union
May 27, 2009	Lee County Bancshares, Inc	AR	Farmers and Merchants Bankshares, Inc.
May 27, 2009	Pennsylvania Business Bank	PA	Nova Bank
May 26, 2009	Bear Stearns Financial Products Inc.	NY	JPMorgan Chase Bank, N.A.
May 23, 2009	Armstrong Employees Credit Union	AL	New Horizons Credit Union
May 23, 2009	Court Square Leasing Corporation	MD	Manufacturers and Traders Trust Company
May 23, 2009	Provident Bankshares Corporation	MD	Wilmington Trust Corporation
May 23, 2009	Provident Bank of Maryland	MD	Manufacturers and Traders Trust Company
May 15, 2009	First Bank of West Texas	TX	Western Bank
May 12, 2009	Dresdner Bank Aktiengesellschaft	—	Commerzbank Aktiengesellschaft
May 9, 2009	Gateway Bank & Trust Company	NC	Xenith Bank
May 9, 2009	Benjamin Franklin Bank	MA	Rockland Trust Company

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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