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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
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

Browse adjacent years: 2008 · 2010

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