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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
Oct 19, 2009 OCC_OTS (individual) Cease and Desist: TCB Financial, Inc.
Oct 19, 2009 OCC_OTS (individual) Cease and Desist: TCB Mutual Holding Company
Oct 19, 2009 OCC_OTS Liberty Savings Bank, Federal Savings Bank Cease and Desist: Liberty Savings Bank, FSB
Oct 19, 2009 OCC Park View Center, LLC Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Park View Federal Savings Bank
Oct 19, 2009 OCC Community National Corporation Formal Agreement: The Community National Bank
Oct 19, 2009 OCC_OTS Liberty Capital, Inc. Cease and Desist: Liberty Capital, Inc.
Oct 15, 2009 OCC Eagle National Bancorp, Inc. Formal Agreement: Eagle National Bank
Oct 14, 2009 OCC_OTS Harrington West Financial Group, Inc. Cease and Desist: Harrington West Financial Group, Inc.
Oct 14, 2009 OCC_OTS Liberty Holding Company Cease and Desist: Liberty Bank
Oct 14, 2009 OCC_OTS Los Padres Bank Cease and Desist: Los Padres Bank
Oct 14, 2009 OCC_OTS Harrington West Financial Group, Inc. Termination of Supervisory Agreement: Harrington West Financial Group, Inc.
Oct 14, 2009 OCC Williamsburg First National Bank Formal Agreement: Williamsburg First National Bank
Oct 14, 2009 OCC_OTS Los Padres Bank Termination of Supervisory Agreement: Los Padres Bank
Oct 14, 2009 OCC_OTS (individual) Cease and Desist: Liberty Bancshares Florida, Inc.
Oct 13, 2009 OCC_OTS Second Federal Savings and Loan Association of Chicago Amended Orders to Cease and Desist: Second Federal Savings and Loan Association of Chicago
Oct 13, 2009 OCC_OTS Second Federal Savings and Loan Association of Chicago Termination of Supervisory Agreement: Second Federal Savings and Loan Association of Chicago
Oct 9, 2009 OCC_OTS Plantation Financial Corporation Orders of Removal/Prohibition: Patricia A. Tyler
Oct 9, 2009 OCC_OTS Olde Cypress Community Bank Supervisory Agreement: Olde Cypress Community Bank
Oct 9, 2009 OCC_OTS First Glades Corporation Supervisory Agreement: First Glades Corporation
Oct 9, 2009
Released Oct 19, 2009		 FRB American Eagle Financial Corporation Written Agreement: American Eagle Financial Corporation, Otsego, Minnesota
Oct 8, 2009 OCC First National Bank of Jasper Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of Jasper
Oct 7, 2009 FRB (individual) Cease and Desist Order: Emiliano Pintos
Oct 7, 2009 OCC_OTS CFS Financial Corporation Cease and Desist: CFS Financial Corporation
Oct 7, 2009 OCC_OTS CFS Corporation of Delaware Cease and Desist: CFS Corporation of Delaware
Oct 7, 2009 FRB (individual) Prohibition from Banking: Silvia Estevez
Oct 7, 2009 FRB (individual) Prohibition from Banking: Rodolfo Dopico
Oct 7, 2009 FRB (individual) Prohibition from Banking: Endy Maldonado
Oct 7, 2009 FRB (individual) Prohibition from Banking: Christopher Pazos
Oct 6, 2009 OCC_OTS Lincoln Federal Savings Bank of Nebraska Cease and Desist: Lincoln Federal Savings Bank of Nebraska
Oct 6, 2009 OCC_OTS (individual) Cease and Desist: Lincoln Federal Bancorp, MHC
Oct 6, 2009 OCC_OTS Lincoln Federal Bancorp, Inc. Cease and Desist: Lincoln Federal Bancorp, Inc.
Oct 6, 2009 OCC First National Corporation of Wynne Formal Agreement: The First National Bank of Wynne
Oct 5, 2009 OCC Marshall Bank, N.A. Civil Money Penalty (CMP): Kimball, John G.
Oct 5, 2009
Released Oct 14, 2009		 FRB Boi Financial Corp. Written Agreement: BOI Financial Corporation, Normal, Illinois; Bank of Illinois, Normal, Illinois
Oct 3, 2009 FRB Suntrust Bank Section 19 Letters: Antonio Montero
Oct 2, 2009 FRB Suntrust Bank Section 19 Letters: Stacy R. Latimer
Oct 2, 2009 FRB Suntrust Bank Section 19 Letters: Lucia Fernandez
Oct 2, 2009 FRB (individual) Section 19 Letters: James K., Lamm
Oct 2, 2009 FRB Capital City Bank Section 19 Letters: Frederick McCartney
Oct 2, 2009 OCC TD Bank, N.A. Prohibition/Removal Orders: Afolabi, Abiola
Oct 1, 2009
Released Oct 13, 2009		 FRB CBR Holdings, Inc. Written Agreement: CBR Holdings, Inc., Chicago, Illinois
Oct 1, 2009 OCC_OTS Affinity Financial Corporation, Inc. Cease and Desist: Affinity Financial Corporation
Oct 1, 2009 OCC_OTS Waterfield Bank Cease and Desist: Waterfield Bank
Oct 1, 2009 FRB (individual) Section 19 Letters: Daniel S. Hoey
Sep 30, 2009 OCC Marshall Bank, N.A. Prompt Corrective Action (PCA) Directive: Marshall Bank, National Association
Sep 30, 2009
Released Oct 6, 2009		 FRB Eurobancshares, Inc. Written Agreement: Eurobancshares, Inc., San Juan, Puerto Rico
Sep 30, 2009
Released Oct 5, 2009		 FRB San Joaquin Bank Prompt Corrective Action: San Joaquin Bank, Bakersfield, California
Sep 29, 2009 OCC Pacific National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Pacific National Bank
Sep 28, 2009 OCC The First National Bank of Platteville Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Runde, Charles J.
Sep 28, 2009 OCC_OTS Fairmount Bancorp, Inc. Orders of Removal/Prohibition: Marilyn A. Albright

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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