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
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
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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