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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
Dec 18, 2009 First Federal Bank of California, a Federal Savings Bank Santa Monica, CA $6.14B Onewest Bank, FSB
Dec 18, 2009 Imperial Capital Bank La Jolla, CA $4.05B City National Bank
Dec 18, 2009 Peoples First Community Bank Panama City, FL $1.80B Hancock Bank
Dec 18, 2009 New South Federal Savings Bank Irondale, AL $1.46B Beal Bank
Dec 18, 2009 Independent Bankers' Bank Springfield, IL $585.5M The Independent Bankersbank
Dec 18, 2009 Rockbridge Commercial Bank Atlanta, GA $294.0M —
Dec 18, 2009 Citizens State Bank New Baltimore, MI $168.6M —
Dec 11, 2009 Solutionsbank Overland Park, KS $511.1M Arvest Bank
Dec 11, 2009 Republic Federal Bank, N.A. Miami, FL $433.0M 1st United Bank
Dec 11, 2009 Valley Capital Bank, N.A. Mesa, AZ $40.3M Enterprise Bank & Trust
Dec 4, 2009 Amtrust Bank Cleveland, OH $11.44B New York Community Bank
Dec 4, 2009 The Buckhead Community Bank Atlanta, GA $856.2M State Bank and Trust Company
Dec 4, 2009 Greater Atlantic Bank Reston, VA $203.3M Sonabank
Dec 4, 2009 Benchmark Bank Aurora, IL $173.1M MB Financial, N.A.
Dec 4, 2009 First Security National Bank Norcross, GA $127.5M State Bank and Trust Company
Dec 4, 2009 The Tatnall Bank Reidsville, GA $49.6M Heritagebank of the South
Nov 20, 2009 Commerce Bank of Southwest Florida Fort Myers, FL $71.0M Central Bank
Nov 13, 2009 Orion Bank Naples, FL $2.61B Iberiabank
Nov 13, 2009 Century Bank, a Federal Savings Bank Sarasota, FL $755.9M Iberiabank
Nov 13, 2009 Pacific Coast National Bank San Clemente, CA $131.4M Sunwest Bank
Nov 6, 2009 United Commercial Bank San Francisco, CA $10.90B East West Bank
Nov 6, 2009 Prosperan Bank Oakdale, MN $197.4M Alerus Financial, N.A.
Nov 6, 2009 United Security Bank Sparta, GA $153.6M Ameris Bank
Nov 6, 2009 Gateway Bank of St Louis St Louis, MO $26.9M Central Bank of Kansas City
Nov 6, 2009 Home Federal Savings Bank Detroit, MI $13.0M Liberty Bank and Trust Company
Oct 30, 2009 California National Bank Los Angeles, CA $7.78B U.S. Bank, N.A.
Oct 30, 2009 Park National Bank Chicago, IL $4.68B U.S. Bank, N.A.
Oct 30, 2009 San Diego National Bank San Diego, CA $3.59B U.S. Bank, N.A.
Oct 30, 2009 Pacific National Bank San Francisco, CA $2.32B U.S. Bank, N.A.
Oct 30, 2009 North Houston Bank Houston, TX $325.5M U.S. Bank, N.A.
Oct 30, 2009 Madisonville State Bank Madisonville, TX $256.3M U.S. Bank, N.A.
Oct 30, 2009 Bank USA, N.A. Phoenix, AZ $213.2M U.S. Bank, N.A.
Oct 30, 2009 Citizens National Bank Teague, TX $118.2M U.S. Bank, N.A.
Oct 30, 2009 Community Bank of Lemont Lemont, IL $81.8M U.S. Bank, N.A.
Oct 23, 2009 Bank of Elmwood Racine, WI $327.4M Tri City National Bank
Oct 23, 2009 First Dupage Bank Westmont, IL $262.1M First Midwest Bank
Oct 23, 2009 Flagship National Bank Bradenton, FL $177.6M First Federal Bank of Florida
Oct 23, 2009 American United Bank Lawrenceville, GA $110.1M Ameris Bank
Oct 23, 2009 Riverview Community Bank Ostego, MN $99.1M Central Bank
Oct 23, 2009 Hillcrest Bank Florida Naples, FL $82.8M Stonegate Bank
Oct 23, 2009 Partners Bank Naples, FL $65.5M Stonegate Bank
Oct 16, 2009 San Joaquin Bank Bakersfield, CA $766.4M Citizens Business Bank
Oct 2, 2009 Warren Bank Warren, MI $504.8M The Huntington National Bank
Oct 2, 2009 Jennings State Bank Spring Grove, MN $52.3M Central Bank
Oct 2, 2009 Southern Colorado National Bank Pueblo, CO $37.1M Legacy Bank
Sep 25, 2009 Georgian Bank Atlanta, GA $2.23B First Citizens Bank & Trust Company
Sep 18, 2009 Irwin Union Bank and Trust Company Columbus, IN $2.84B First Financial Bank, N.A.
Sep 18, 2009 Irwin Union Bank, FSB Louisville, KY $518.2M First Financial Bank, N.A.
Sep 11, 2009 Corus Bank, N.A. Chicago, IL $7.00B MB Financial, N.A.
Sep 11, 2009 Venture Bank Lacey, WA $968.4M First-Citizens Bank & Trust Company

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
Oct 1, 2009 Jackson County Federal Employees Credit Union MS Navigator Federal Credit Union
Oct 1, 2009 Monroe Area Federal Credit Union MI Monroe Community Credit Union
Oct 1, 2009 Telco Federal Credit Union NY Empower Federal Credit Union
Oct 1, 2009 Berks Community Federal Credit Union PA Bellco Federal Credit Union
Oct 1, 2009 Warren-Niles Republic Employees Federal Credit Union OH Edison Financial Credit Union, Incorporated
Oct 1, 2009 Okc Thrift Federal Credit Union OK Oklahoma's Federal Credit Union
Oct 1, 2009 GPC Credit Association GA Georgia's Own Credit Union
Oct 1, 2009 Merchants Trust Company VT Merchants Bank
Oct 1, 2009 E1 Financial Credit Union CA Nuvision Federal Credit Union
Oct 1, 2009 Atlas Empl Federal Credit Union LA Bossier Federal Credit Union
Oct 1, 2009 Community First Bank IN First Savings Bank
Sep 30, 2009 Horizon Trust and Investment Management, N.A. IN Horizon Bank
Sep 30, 2009 Fifth Third Bank, National Association TN Fifth Third Bank, N.A.
Sep 30, 2009 Fifth Third Bank MI Fifth Third Bank, N.A.
Sep 30, 2009 Spirit of Saint Louis Credit Union MO Vantage Credit Union
Sep 30, 2009 U.S. First Credit Union CA The Golden 1 Credit Union
Sep 30, 2009 National City Business Credit, Inc. OH National City Bank
Sep 29, 2009 Oakland Deposit Bank TN The Farmers Bank of Lynchburg
Sep 29, 2009 WNB Financial Corp. DE WNB Bancshares, Inc.
Sep 26, 2009 The First Western Bank Sturgis SD First Interstate Bank
Sep 26, 2009 First Western Bank SD First Interstate Bank
Sep 26, 2009 Lafayette Bank and Trust Company, National Association IN First Merchants Bank
Sep 26, 2009 Commerce Bank of Wyoming, N.A. WY Nebraskaland Bank
Sep 26, 2009 The Bank of Venice FL TIB Bank
Sep 26, 2009 Guaranty Financial Services, Inc. WV First Sentry Bancshares, Inc.
Sep 26, 2009 Guaranty Bank & Trust Company WV First Sentry Bank, Inc.
Sep 26, 2009 Commerce National Bank OH First Merchants Bank
Sep 26, 2009 First National Building Corporation PA First National Bank of Pennsylvania
Sep 26, 2009 First Merchants Bank of Central Indiana, National Association IN First Merchants Bank
Sep 25, 2009 Texas First Bank - Winnie TX Texas First Bank
Sep 23, 2009 Zmfu, Inc. UT Zions Bancorporation
Sep 19, 2009 Yuma Community Bank AZ The Foothills Bank
Sep 18, 2009 Fico, Inc. NE First State Holding Co.
Sep 18, 2009 Filley Bank NE First State Bank Nebraska
Sep 15, 2009 B & O Employees Credit Union IL Land of Lincoln Credit Union
Sep 12, 2009 Hagerstown Trust Company MD The Columbia Bank
Sep 11, 2009 Central Bank of the South AL BBVA USA
Sep 11, 2009 BBVA Bancomer USA CA BBVA USA
Sep 5, 2009 Vertagreen Credit Union AL Valley Credit Union
Sep 2, 2009 Rio Delaware Corporation DE Rio Financial Services, Inc.
Sep 1, 2009 Bankers Trust Company, National Association AZ Bankers Trust Company
Sep 1, 2009 Bank of Gower MO The Union State Bank of Everest
Sep 1, 2009 Kerr Employees Credit Union MI Public Service Credit Union
Sep 1, 2009 Mount Sinai Federal Credit Union FL Peoples Credit Union
Sep 1, 2009 Costa Mesa Federal Credit Union CA Nuvision Federal Credit Union
Sep 1, 2009 Service Plus Credit Union CA Schoolsfirst Federal Credit Union
Sep 1, 2009 Milepost Credit Union WA Sound Credit Union
Sep 1, 2009 Cma Credit Union AL Southern Energy Credit Union
Sep 1, 2009 JN Pease Employees Credit Union NC Greater Piedmont Credit Union
Sep 1, 2009 Hickory Printing Group Savings Plan Credit Union NC Summit Credit Union

The list holds 500 of the 566 mergers recorded for 2009.

Enforcement Actions in 2009

Action date Agency Institution Action
Nov 20, 2009 OCC_OTS Charter Bank Cease and Desist: Charter Bank
Nov 20, 2009 OCC Greenchoice Bank, FSB Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Greenchoice Bank, FSB
Nov 19, 2009 OCC_OTS OceanFirst Bank, N.A. Cease and Desist: Robert M. Pardes
Nov 19, 2009 OCC First Community Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Community Bank, National Association
Nov 19, 2009 OCC Western Springs National Bank and Trust Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Western Springs National Bank and Trust
Nov 19, 2009 OCC First Chester County Corporation GLBA Agreement: First National Bank of Chester County
Nov 19, 2009 OCC U.S. Bank N.A. Prohibition/Removal Orders: Sickels, Vicki W.
Nov 19, 2009 OCC_OTS OceanFirst Bank, N.A. Civil Money Penalty: Robert M. Pardes
Nov 19, 2009
Released Nov 25, 2009		 FRB Home Valley Bancorp Written Agreement: Home Valley Bancorp, Inc., Grants Pass, Oregon; Home Valley Bank, Grants Pass, …
Nov 19, 2009
Released Nov 30, 2009		 FRB Washington Bancorp, Inc. Written Agreement: Washington Bancorp, Inc., Lynnwood, Washington
Nov 18, 2009 OCC_OTS First Home Savings Bank Orders of Removal/Prohibition: Daniel Katzfey
Nov 18, 2009 OCC_OTS Generations Bank Orders of Removal/Prohibition: Leland G. Orr
Nov 18, 2009 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bay Cities National Bank
Nov 18, 2009 OCC SNB Bank, N.A. Formal Agreement: The Shattuck National Bank
Nov 18, 2009 FRB (individual) Prohibition from Banking: Hansel Pintos
Nov 18, 2009 OCC_OTS Generations Bank Orders of Removal/Prohibition: Robert D. Orr
Nov 18, 2009
Released Dec 2, 2009		 FRB Ohio State Bancshares, Inc. Written Agreement: Ohio State Bancshares, Inc., Marion, Ohio
Nov 17, 2009 OCC The First National Bank Formal Agreement: The First National Bank and Trust Company of Rochelle
Nov 17, 2009 OCC JPMorgan Chase Bank, N.A. Prohibition/Removal Orders: Bryan, James Preston
Nov 17, 2009 OCC City National Bank Prohibition/Removal Orders: Pettway, Donisha D.
Nov 17, 2009 OCC Smartbiz Bank, N.A. Formal Agreement: Centrust Bank, National Association
Nov 16, 2009 OCC First National Bank of Chillicothe Formal Agreement: First National Bank of Chillicothe
Nov 13, 2009 OCC_OTS First Federal Bank of North Florida Cease and Desist: First Federal Bank of North Florida
Nov 13, 2009 OCC JPMorgan Chase Bank, N.A. Notice of Charges: Fish, Eileen B.
Nov 12, 2009 OCC_OTS Key West Bancgroup Inc. Cease and Desist: Key West Bancgroup, Inc.
Nov 12, 2009
Released Nov 19, 2009		 FRB Flagler Bank Written Agreement: Flagler Bank, West Palm Beach, Florida
Nov 12, 2009 OCC_OTS Key West Bank Cease and Desist: Key West Bank
Nov 11, 2009
Released Nov 17, 2009		 FRB Campello Bancorp Written Agreement: Campello Bancorp, Brockton, Massachusetts
Nov 11, 2009
Released Nov 18, 2009		 FRB FMB Bancshares, Inc. Written Agreement: FMB Bancshares, Inc., Lakeland, Georgia
Nov 10, 2009 OCC_OTS New South Federal Savings Bank Prompt Corrective Action: New South Federal Savings Bank
Nov 10, 2009
Released Nov 17, 2009		 FRB (individual) Written Agreement: Horizon Bank, Bradenton, Florida
Nov 10, 2009 OCC First National Bank of Crossett Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of Crossett
Nov 10, 2009 OCC First National Bank of Griffin Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of Griffin
Nov 10, 2009 OCC Riverside National Bank of Florida Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Riverside National Bank of Florida
Nov 9, 2009
Released Nov 13, 2009		 FRB Orion Bank Prompt Corrective Action: Orion Bank, Naples, Florida
Nov 9, 2009 OCC Grand Mountain Bancshares, Inc. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Grand Mountain Bank, FSB
Nov 9, 2009 OCC Marshall Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Marshall Bank, National Association
Nov 9, 2009 OCC Marshall Bank, N.A. Civil Money Penalty (CMP): Marshall Bank, National Association
Nov 9, 2009 OCC Marshall Bank, N.A. Civil Money Penalty (CMP): Anderson, Scott H.
Nov 9, 2009 OCC Marshall Bank, N.A. Civil Money Penalty (CMP): Clifford, James F.
Nov 9, 2009 OCC Marshall Bank, N.A. Civil Money Penalty (CMP): Fischer, John A.
Nov 9, 2009 OCC The First National Bank of Litchfield Formal Agreement: The First National Bank of Litchfield
Nov 9, 2009 OCC The National Bank of Harvey Formal Agreement: The National Bank of Harvey
Nov 9, 2009 OCC Harleysville National Corporation Prohibition/Removal Orders: Goodwin, Barbara B.
Nov 9, 2009 OCC_OTS Plantation Financial Corporation Cease and Desist: Janet Blackmon
Nov 9, 2009 OCC_OTS Grand Mountain Bancshares, Inc. Cease and Desist: Grand Mountain Bank, FSB
Nov 9, 2009 OCC_OTS Grand Mountain Bancshares, Inc. Cease and Desist: Grand Mountain Bancshares, Inc.
Nov 6, 2009 OCC_OTS Maritime Savings Bank Cease and Desist: Maritime Savings Bank
Nov 6, 2009
Released Nov 18, 2009		 FRB Middle Georgia Corporation Written Agreement: Middle Georgia Corporation, Ellaville, Georgia
Nov 6, 2009 OCC Bank of Indiana, N.A. Formal Agreement: Bank of Indiana, 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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