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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
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

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