Skip to main content

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
Dec 15, 2009
Released Dec 17, 2009		 FRB Regions Bank Civil Money Penalty, $135,000: Regions Bank, Birmingham, Alabama
Dec 14, 2009 OCC First National Agency, Inc. of Cold Spring Formal Agreement: The First National Bank of Cold Spring
Dec 14, 2009 FRB RBC Centura Bank Section 19 Letters: Tonya Bryant Powell
Dec 10, 2009
Released Dec 15, 2009		 FRB 1st Pacific Bancorp Written Agreement: 1st Pacific Bancorp, San Diego, California; 1st Pacific Bank of California, San …
Dec 10, 2009 OCC Bank of America, N.A. Prohibition/Removal Orders: Orantes, Justine
Dec 9, 2009 OCC_OTS Washington Mutual Bank Orders of Removal/Prohibition: Allen Walker
Dec 8, 2009 OCC_OTS Flagstar Bancorp, Inc. Orders of Removal/Prohibition: James P. Kelly
Dec 8, 2009 OCC The Farmers National Bank of Buhl Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Farmers National Bank of Buhl
Dec 8, 2009 OCC North Cascades Bancshares, Inc. Formal Agreement: North Cascades National Bank
Dec 8, 2009 OCC_OTS Phoenixville Federal Bank and Trust Supervisory Agreement: Phoenixville Federal Bank and Trust
Dec 7, 2009 OCC The First National Bank of Northfield Formal Agreement: The First National Bank of Northfield
Dec 4, 2009 OCC The First National Bank of Tom Bean Prohibition/Removal Orders: Roddy, James D.
Dec 4, 2009 OCC_OTS Washington Mutual Bank Orders of Removal/Prohibition: Sheryn Diem Nguyen
Dec 4, 2009
Released Dec 7, 2009		 FRB Pierce County Bancorp Cease and Desist Order: Pierce County Bancorp, Tacoma, Washington; Pierce Commercial Bank, Tacoma, Washington
Dec 4, 2009 OCC Clear Creek Bank Corp. Formal Agreement: Clear Creek National Bank
Dec 2, 2009 OCC_OTS Midcountry Financial, Incorporated Orders of Removal/Prohibition: Sally M. Lang
Dec 1, 2009 OCC JPMorgan Chase Bank, N.A. Prohibition/Removal Orders: Martinez, Angelica R.
Dec 1, 2009
Released Dec 8, 2009		 FRB River Valley Bancorp, Inc. Written Agreement: River Valley Bancorp, Inc., Davenport, Iowa
Dec 1, 2009
Released Dec 28, 2009		 FRB Amb Financial Services Corporation Written Agreement: AMB Financial Services Corporation, Bainbridge Island, Washington
Dec 1, 2009 OCC_OTS Lamplighter Financial, MHC Cease and Desist: Lamplighter Financial, MHC
Dec 1, 2009 OCC_OTS Waterstone Financial Inc. Cease and Desist: Waterstone Financial, Inc.
Dec 1, 2009 OCC_OTS First Niagara Bank, N.A. Orders of Removal/Prohibition: Ann Marie Carpenter
Dec 1, 2009 OCC_OTS First Federal Bank Orders of Removal/Prohibition: Bridgettte S. Hallmark
Dec 1, 2009 OCC_OTS Washington Mutual Bank Orders of Removal/Prohibition: Karla D. Mitchell
Nov 30, 2009 OCC_OTS Coastal Bank Orders of Removal/Prohibition: Eleanor Hager
Nov 27, 2009 OCC_OTS Peoples First Community Bank Prompt Corrective Action: Peoples First Community Bank
Nov 25, 2009 OCC Citibank (South Dakota), N.A. Prohibition/Removal Orders: Clark, Leigh A.
Nov 25, 2009
Released Dec 3, 2009		 FRB (individual) Civil Money Penalty, $75,000: Francesco Rusciano
Nov 25, 2009 FRB (individual) Prohibition from Banking: Alexandra M. Gams
Nov 25, 2009 FRB (individual) Prohibition from Banking: Deepak Sharma
Nov 25, 2009
Released Dec 3, 2009		 FRB (individual) Prohibition from Banking: Francesco Rusciano
Nov 25, 2009 FRB (individual) Prohibition from Banking: Pranav A. Merchant
Nov 25, 2009 FRB (individual) Prohibition from Banking: Scott P. Misiaszek
Nov 24, 2009 OCC The First National Bank in Wadena Formal Agreement: The First National Bank in Wadena
Nov 24, 2009 OCC Canon National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Canon National Bank
Nov 24, 2009
Released Dec 1, 2009		 FRB Bank of Illinois Prompt Corrective Action: Bank of Illinois, Normal, Illinois
Nov 24, 2009
Released Dec 11, 2009		 FRB First Mariner Bancorp Written Agreement: First Mariner Bancorp, Baltimore, Maryland
Nov 24, 2009 OCC First National Community Bank Notice of Charges: DeNaples, Louis A.
Nov 24, 2009 OCC Cornerstone Bancorp, Inc. Formal Agreement: Cornerstone Bank & Trust, National Association
Nov 24, 2009 OCC The Citizens National Bank of Park Rapids Formal Agreement: The Citizens National Bank of Park Rapids
Nov 23, 2009 OCC United States Trust Company , National Association Prohibition/Removal Orders: Bell, Carmen
Nov 23, 2009
Released Nov 30, 2009		 FRB (individual) Written Agreement: County Bancorp, Inc., Arlington, Washington
Nov 23, 2009 OCC Trustmark National Bank Prohibition/Removal Orders: Henderson, Cynthia F.
Nov 23, 2009
Released Dec 1, 2009		 FRB (individual) Written Agreement: Commercial Bancshares, Inc., Bloomington, Minnesota
Nov 23, 2009 FRB (individual) Notice of Intent: Louis A. DeNaples
Nov 23, 2009 OCC_OTS Severn Bancorp, Inc. Supervisory Agreement: Severn Bancorp, Inc.
Nov 23, 2009 OCC_OTS Severn Savings Bank, FSB Supervisory Agreement: Severn Savings Bank, FSB
Nov 23, 2009
Released Nov 25, 2009		 FRB (individual) Written Agreement: The Bank Holdings, Reno, Nevada
Nov 20, 2009 OCC_OTS Family Federal Savings of Illinois Cease and Desist: Family Federal Savings of IL
Nov 20, 2009 OCC_OTS Charter Companies, Inc. Cease and Desist: Charter Companies, Inc.

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