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
Feb 28, 2009	Vermillion Bankshares, Inc.	KS	First Centralia Bancshares, Inc.
Feb 28, 2009	Vermillion State Bank	KS	First Heritage Bank
Feb 28, 2009	Boston Globe Employees Credit Union	MA	Metro Credit Union
Feb 27, 2009	Central Bancshares of Delaware, Inc.	DE	Central Bancshares, Inc.
Feb 21, 2009	The First Bremen Bank	OH	Vinton County National Bank
Feb 21, 2009	First National Bank of Monahans	TX	Security Bank
Feb 21, 2009	First Bank	TX	Pinnacle Bank
Feb 21, 2009	Keene Bancorp, Inc.	TX	Pinnacle Bancorp, Inc.
Feb 21, 2009	Nichols Bancshares, Inc.	DE	Pinnacle Bancorp, Inc.
Feb 21, 2009	Wood Financial Group, Inc.	DE	Pinnacle Bancorp, Inc.
Feb 21, 2009	First Azle Bancshares, Inc.	TX	Pinnacle Bancorp, Inc.
Feb 21, 2009	Bible Based Fellowship Federal Credit Union	FL	Tampa Bay Federal Credit Union
Feb 20, 2009	Canisteo Savings and Loan Association	NY	Steuben Trust Company
Feb 14, 2009	Commercial State Bank of Waterloo	IL	Midland States Bank
Feb 13, 2009	Globe Homestead Savings Bank	LA	First Bank and Trust
Feb 11, 2009	Nacogdoches Bancshares of Delaware, Inc.	DE	Nacogdoches Commercial Bancshares, Inc.
Feb 5, 2009	Unistar Federal Credit Union	NY	Usalliance Federal Credit Union
Feb 4, 2009	Valeo Employees' Federal Credit Union	NY	Greater Chautauqua Federal Credit Union
Feb 2, 2009	CCSD Federal Credit Union	NY	First Heritage Federal Credit Union
Feb 2, 2009	U.A.W. Local 55 Federal Credit Union	NY	Western Division Federal Credit Union
Feb 2, 2009	Wells Fargo Financial Bank	SD	Wells Fargo Bank, N.A.
Feb 2, 2009	Workforce Credit Union	TX	Tarrant County's Credit Union
Feb 1, 2009	The First National Bank of Morgan	UT	1st Bank
Feb 1, 2009	SLH Federal Credit Union	KY	Cove Federal Credit Union
Feb 1, 2009	Bishop De Mazenod Federal Credit Union	TX	Saint Stephens Federal Credit Union
Feb 1, 2009	Tricare Federal Credit Union	NJ	Central Jersey Federal Credit Union
Jan 31, 2009	Riverton Educators Federal Credit Union	WY	Grand Altitude Federal Credit Union
Jan 31, 2009	T.I.B. Delaware, Inc.	DE	Texas Independent Bancshares, Inc.
Jan 30, 2009	Western State Bancshares, Inc.	NE	Foundation First Corporation
Jan 30, 2009	Sovereign Bancorp, Inc.	PA	Santander Holdings USA, Inc.
Jan 24, 2009	SNB Bank of Wichita	KS	Bank of Kansas
Jan 23, 2009	First Community Bank Central Texas, National Association	TX	First Community Bank, N.A.
Jan 17, 2009	Ames Community Bank	IA	Visionbank of Iowa
Jan 17, 2009	Community Bank of Boone	IA	Visionbank of Iowa
Jan 17, 2009	First State Bank	NE	First State Bank
Jan 16, 2009	Guaranty Financial Corporation	DE	Guaranty Bancshares, Inc.
Jan 16, 2009	DC Christian Federal Credit Union	DC	Treasury Department Federal Credit Union
Jan 15, 2009	San Angelo Bancorp, Inc.	DE	Texas Bancorp, Inc.
Jan 9, 2009	Pa Investment Corp III	RI	Citizens Bank of Pennsylvania
Jan 9, 2009	Texas First Bank	TX	American Momentum Bank
Jan 7, 2009	Goldman Sachs Capital Markets L.L.C.	DE	Goldman Sachs Bank USA
Jan 3, 2009	Commercial National Bank of L'Anse	MI	Superior National Bank
Jan 2, 2009	Island Teachers Federal Credit Union	TX	Openland Credit Union
Jan 1, 2009	Cascades Credit Union	MI	Michigan Community Credit Union
Jan 1, 2009	Real Financial Credit Union	MN	Royal Credit Union
Jan 1, 2009	BVH Federal Credit Union	AL	Mutual Savings Credit Union
Jan 1, 2009	Media First Federal Credit Union	FL	Financial Federal Credit Union
Jan 1, 2009	1st Citizens Federal Credit Union	WA	Fibre Federal Credit Union
Jan 1, 2009	Nemch Credit Union	MA	Alpha Credit Union
Jan 1, 2009	Chittenden Trust Company	VT	People's United Bank, National Association

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

Enforcement Actions in 2009

Action date	Agency	Institution	Action
Nov 6, 2009 Released Nov 10, 2009	FRB	West Concord Bancshares, Inc.	Written Agreement: West Concord Bancshares, Inc., West Concord, Minnesota; Farmers State Bank of West …
Nov 5, 2009 Released Nov 10, 2009	FRB	Landmark Financial Holding Company	Written Agreement: Landmark Financial Holding Company, Sarasota, Florida; Landmark Bank of Florida, Sarasota, Florida
Nov 5, 2009	OCC	First State Bancorp of the Rockies	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of The Rockies
Nov 5, 2009	FRB	First Interstate Bank	Section 19 Letters: Vickie Diane Becker
Nov 5, 2009 Released Nov 10, 2009	FRB	Pacific Coast National Bancorp	Written Agreement: Pacific Coast National Bancorp., San Clemente, California
Nov 4, 2009	OCC	Beach First National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Beach First National Bank
Nov 4, 2009	OCC_OTS	Eastern Federal Bank	Supervisory Agreement: Eastern Federal Bank
Nov 4, 2009 Released Nov 6, 2009	FRB	Blue Valley Ban Corp.	Written Agreement: Blue Valley Ban Corp., Overland Park, Kansas; Bank of Blue Valley, Overland …
Nov 4, 2009	OCC	Independent National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Independent National Bank
Nov 2, 2009	OCC	First National Bank and Trust of Syracuse	Formal Agreement: First National Bank & Trust of Syracuse, Nebraska
Nov 2, 2009	OCC_OTS	(individual)	Cease and Desist: San Luis Trust Bank, FSB
Nov 2, 2009 Released Nov 5, 2009	FRB	Hanmi Financial Corporation	Written Agreement: Hanmi Financial Corporation, Los Angeles, California; Hanmi Bank, Los Angeles, California
Nov 2, 2009 Released Nov 4, 2009	FRB	Merchants Bank	Civil Money Penalty, $3,850: Farmers and Merchants Bank, Timberville, Virginia
Nov 2, 2009	OCC_OTS	Fasla Holding Company	Cease and Desist: FASLA Holding Company
Nov 2, 2009	OCC_OTS	First Arizona Savings, a Federal Savings Bank	Cease and Desist: First Arizona Savings, a FSB
Oct 31, 2009	OCC_OTS	Manatee River Community Bank	Termination of Supervisory Agreement: Manatee River Community Bank
Oct 31, 2009	OCC_OTS	MRCB Holdings Inc.	Termination of Supervisory Agreement: MRCB Holdings, Inc.
Oct 30, 2009	OCC	Heritage Bank, National Association	Formal Agreement: Heritage Bank, National Association
Oct 29, 2009 Released Oct 12, 2017	FRB	First Citizens State Bank	Written Agreement: Citizens First State Bank of Walnut, Walnut, Illinois
Oct 29, 2009 Released Nov 4, 2009	FRB	Georgia Bancshares, Inc.	Written Agreement: Georgia Bancshares, Inc., Peachtree City, Georgia
Oct 29, 2009 Released Nov 5, 2009	FRB	Desert Hills Capital Corp.	Written Agreement: Desert Hills Capital Corp., Phoenix, Arizona
Oct 29, 2009 Released Nov 4, 2009	FRB	Bankers' Bancorporation of Florida, Inc.	Written Agreement: Bankers' Bancorporation of Florida, Inc., Lake Mary, Florida; Independent Bankers' Bank of …
Oct 29, 2009 Released Nov 5, 2009	FRB	Appalachian Bancshares, Inc.	Written Agreement: Appalachian Bancshares, Inc., Ellijay, Georgia
Oct 29, 2009	FRB	First Interstate Bank	Section 19 Letters: Robert M. Bonner
Oct 28, 2009	OCC	Colombo Bancshares, Inc.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Colombo Bank
Oct 28, 2009 Released Nov 27, 2009	FRB	Hillcrest Bancshares, Inc.	Written Agreement: Hillcrest Bancshares, Inc., Overland Park, Kansas
Oct 28, 2009	OCC_OTS	Colombo Bancshares, Inc.	Cease and Desist: Colombo Bank
Oct 27, 2009	OCC	Modern Bank, N.A.	Formal Agreement: Modern Bank, National Association
Oct 27, 2009	OCC	Evergreen National Bank	Formal Agreement: Evergreen National Bank
Oct 26, 2009 Released Oct 28, 2009	FRB	Cascade Bancorp	Written Agreement: Cascade Bancorp, Bend, Oregon
Oct 26, 2009	OCC	First Bank Richmond, National Association	Formal Agreement: First Bank Richmond, National Association
Oct 26, 2009 Released Nov 3, 2009	FRB	(individual)	Written Agreement: Commerce Bancshares, Inc., Catoosa, Oklahoma; Bank of Commerce, Chelsea, Oklahoma
Oct 23, 2009 Released Oct 29, 2009	FRB	First Banking Center, Inc.	Written Agreement: First Banking Center, Inc., Burlington, Wisconsin; First Banking Center, Burlington, Wisconsin
Oct 23, 2009 Released Oct 27, 2009	FRB	(individual)	Written Agreement: Ames Community Bank, Ames, Iowa
Oct 23, 2009 Released Oct 27, 2009	FRB	Visionbank of Iowa	Written Agreement: VisionBank of Iowa, West Des Moines, Iowa
Oct 23, 2009 Released Oct 28, 2009	FRB	Evergreenbancorp, Inc.	Written Agreement: EvergreenBancorp, Inc., Seattle, Washington
Oct 23, 2009 Released Oct 27, 2009	FRB	Visionbankshares, Inc.	Written Agreement: Ogden Bancshares, Inc., Boone, Iowa (Now known as VisionBankshares, Inc.)
Oct 23, 2009 Released Nov 3, 2009	FRB	(individual)	Written Agreement: Merchants Bancorp, Gresham, Oregon
Oct 23, 2009 Released Oct 27, 2009	FRB	Solutionsbank	Prompt Corrective Action: SolutionsBank, Overland Park, Kansas
Oct 22, 2009	OCC_OTS	Century Bank a FSB	Prompt Corrective Action: Century Bank, A Federal Savings Bank
Oct 22, 2009	OCC	First National Bank in Pawhuska	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank in Pawhuska
Oct 22, 2009	OCC	First Missouri National Bank	Formal Agreement: First Missouri National Bank
Oct 22, 2009 Released Oct 29, 2009	FRB	Bank of Bartlett	Written Agreement: West Tennessee Bancshares, Inc., Barlett, Tennessee; Bank of Bartlett, Bartlett, Tennessee
Oct 20, 2009	OCC	Edgewater Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Edgewater Bank
Oct 20, 2009	OCC_OTS	Heritage Bank, Inc.	Orders of Removal/Prohibition: Michelle L. Welch
Oct 20, 2009 Released Nov 9, 2009	FRB	Butler Bancorp, MHC	Written Agreement: Butler Bancorp, MHC, Lowell, Massachusetts; Butler Bancorp, Inc., Lowell, Massachusetts
Oct 20, 2009	OCC_OTS	Edgewater Bank	Cease and Desist: Edgewater Bank
Oct 19, 2009	OCC	Liberty Savings Bank, F.S.B.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Liberty Savings Bank, FSB
Oct 19, 2009	OCC_OTS	PVF Capital Corp.	Cease and Desist: PVF Capital Corp.
Oct 19, 2009	OCC_OTS	Park View Center, LLC	Cease and Desist: Park View Federal Savings Bank

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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