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
Jul 1, 2009	P C Glassworkers Credit Union	MO	Central Missouri Community Credit Union
Jul 1, 2009	Fargo Forum Federal Credit Union	ND	Town & Country Credit Union
Jul 1, 2009	FirstBank Florida	FL	FirstBank Puerto Rico
Jul 1, 2009	Wiscor Credit Union	WI	Landmark Credit Union
Jul 1, 2009	First State Bank	IA	Glenwood State Bank
Jul 1, 2009	Sun Country Credit Union	AZ	Credit Union West
Jul 1, 2009	Four-Sixteen Federal Credit Union	NJ	Motion Federal Credit Union
Jul 1, 2009	Jeffco Schools Credit Union	CO	Westerra Credit Union
Jul 1, 2009	Jefferson-Pilot Communications Federal Credit Union	NC	Truliant Federal Credit Union
Jul 1, 2009	Franklin Electric Employees Federal Credit Union	AR	Uark Federal Credit Union
Jul 1, 2009	Foothills Credit Union	NC	Nova Credit Union
Jul 1, 2009	Financial 21 Community Credit Union	CA	California Coast Credit Union
Jul 1, 2009	Banesto Factoring, S.A. Establecimiento Financiero De Credito	—	Banco Espanol De Credito, S.A.
Jul 1, 2009	Ponce General Corporation	FL	FirstBank Puerto Rico
Jul 1, 2009	City of Hope Federal Credit Union	GA	Peach State Federal Credit Union
Jul 1, 2009	MWB Nevada, Inc.	NV	Mineral Wells Bancshares, Inc.
Jul 1, 2009	The PrivateBank	MO	CIBC Bank USA
Jul 1, 2009	Service Bancorp, Inc.	MA	Middlesex Bancorp MHC
Jul 1, 2009	Hindman Bancshares, Inc.	KY	Community Exchange Bancshares Inc.
Jul 1, 2009	Service Bancorp, MHC	MA	Middlesex Bancorp MHC
Jul 1, 2009	Constar Credit Union	GA	Pinnacle Credit Union
Jul 1, 2009	Alisos Credit Union	CA	Camino Federal Credit Union
Jul 1, 2009	Merrill Lynch Bank USA	UT	Bank of America, N.A.
Jul 1, 2009	Lifetime Credit Union	WI	Landmark Credit Union
Jul 1, 2009	Tabor Enterprises, Inc.	IA	Glenwood Bancorporation
Jul 1, 2009	SCC Resources, Inc.	OH	Civista Bank
Jul 1, 2009	American River Healthpro Credit Union	CA	S a F E Credit Union
Jul 1, 2009	Daco Federal Credit Union	KY	Green River Area Federal Credit Union
Jul 1, 2009	Strata Bank	MA	Middlesex Savings Bank
Jul 1, 2009	Two Rivers Bank & Trust	IA	Two Rivers Bank & Trust
Jun 30, 2009	Zions Municipal Funding, Inc.	UT	Zions Bancorporation
Jun 30, 2009	Diamond State Federal Credit Union	DE	Tidemark Federal Credit Union
Jun 30, 2009	Indiana Bellco Federal Credit Union	PA	I C Federal Credit Union
Jun 30, 2009	Hiawatha Bancshares, Inc.	WI	Lake Shore Wisconsin Corporation
Jun 30, 2009	Clare Bancorporation, Inc.	WI	Montfort Bancorporation, Inc.
Jun 30, 2009	Bainbridge Securities, Inc	PA	The PNC Financial Services Group, Inc.
Jun 29, 2009	Cmar Credit Union	GA	Ithink Financial Credit Union
Jun 27, 2009	Merchants Bank, National Association	MN	Merchants Bank, N.A.
Jun 27, 2009	Timberland Bank	AR	Uplift Bank
Jun 27, 2009	Marine Bank	WI	Cibm Bank
Jun 27, 2009	Merchants Bank, N.A.	MN	Merchants Bank, N.A.
Jun 24, 2009	First Gilmer (Delaware) Holdings, Ltd.	DE	First Gilmer Bankshares, Inc.
Jun 20, 2009	Twin City Bank	AR	Centennial Bank
Jun 20, 2009	Centennial Bank	AR	Centennial Bank
Jun 18, 2009	First National Bank at Marianna	AR	The Farmers & Merchants Bank
Jun 16, 2009	Bosque Delaware Financial Corporation	DE	Bosque Bancshares, Inc.
Jun 16, 2009	Live Oak Bancshares Corporation of Delaware	DE	Live Oak Bancshares Corporation
Jun 15, 2009	Norwood School Employees Federal Credit Union	MA	Arise Federal Credit Union
Jun 14, 2009	KC Councils Federal Credit Union	MD	Money One Federal Credit Union
Jun 13, 2009	SBT Bancshares of Delaware, Inc.	DE	SBT Bancshares, Inc.

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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