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
Apr 1, 2009	J P C Employees Credit Union	IL	U.S. Employees Credit Union
Apr 1, 2009	Statesman Federal Credit Union	ID	Les Bois Credit Union
Apr 1, 2009	Cavalier Federal Credit Union	OH	Associated School Employees Credit Union, Inc.
Apr 1, 2009	Sacramento County Grange Federal Credit Union	CA	Big Valley Federal Credit Union
Apr 1, 2009	Bayway P D C P C Federal Credit Union	NJ	Elizabeth, NJ Firemen's Federal Credit Union
Apr 1, 2009	Old Forge Bank	PA	Penn Security Bank and Trust Company
Apr 1, 2009	H. R. C. Employees Federal Credit Union	PA	PPG & Associates Federal Credit Union
Mar 31, 2009	Oakland Commerce Bank	MI	Talmer West Bank
Mar 31, 2009	Graystone Financial Corp	PA	Tower Bancorp Inc.
Mar 31, 2009	Florida Bank of Jacksonville	FL	Florida Bank
Mar 31, 2009	The Bank of Tallahassee	FL	Florida Bank
Mar 31, 2009	Detroit Commerce Bank	MI	Talmer West Bank
Mar 31, 2009	Community Bank, National Association	TN	Community Bank, North Mississippi
Mar 31, 2009	Kent Commerce Bank	MI	Talmer West Bank
Mar 31, 2009	Muskegon Commerce Bank	MI	Talmer West Bank
Mar 31, 2009	Brighton Commerce Bank	MI	Talmer West Bank
Mar 31, 2009	Macomb Community Bank	MI	Talmer West Bank
Mar 31, 2009	The First National Bank of Greencastle	PA	Graystone Tower Bank
Mar 31, 2009	Grand Haven Bank	MI	Talmer West Bank
Mar 31, 2009	L M P Federal Credit Union	PA	Transit Workers Federal Credit Union
Mar 31, 2009	Portage Commerce Bank	MI	Talmer West Bank
Mar 31, 2009	AB&T National Bank	AL	AB&T
Mar 31, 2009	Fort Snelling Federal Credit Union	MN	Hiway Credit Union
Mar 31, 2009	Congoleum Industries Federal Credit Union	NJ	Hamilton Horizons Federal Credit Union
Mar 27, 2009	Huntsville Holdings, Inc.	DE	Sam Houston Financial Corp.
Mar 26, 2009	TBH Nevada Corporation	NV	Henderson Texas Bancshares, Inc.
Mar 21, 2009	Dakota Heritage Bank	ND	Dakota Heritage Bank
Mar 21, 2009	Community Bank	AR	Centennial Bank
Mar 21, 2009	Bank of Mountain View	AR	Centennial Bank
Mar 21, 2009	State Bank of Tower	MN	Queen City Federal Savings Bank
Mar 20, 2009	Lake Street 'L' Federal Credit Union	IL	North Side L Federal Credit Union
Mar 18, 2009	Gunite Employees Credit Union	IL	Generations Credit Union
Mar 16, 2009	Inkom Cement Employees Credit Union	ID	Connections Credit Union
Mar 14, 2009	Sumter Bank and Trust Company	GA	SB&T Bank
Mar 13, 2009	Marsh Employees Federal Credit Union	IN	Indiana Members Credit Union
Mar 13, 2009	Tradition Bancshares of Delaware, Inc.	DE	Tradition Bancshares, Inc.
Mar 11, 2009	Waterloo Bancshares, Inc.	IL	Midland States Bancorp, Inc.
Mar 7, 2009	The State Bank of Viroqua	WI	Baraboo State Bank
Mar 6, 2009	First Community Bank East Texas, National Association	TX	First Community Bank, N.A.
Mar 5, 2009	Union Grove Baptist Church Federal Credit Union	OH	Whitehall Credit Union
Mar 3, 2009	Summit Credit Union	MT	Altana Federal Credit Union
Mar 2, 2009	Foundation Federal Credit Union	LA	Jefferson Financial Federal Credit Union
Mar 2, 2009	N F a N G Federal Credit Union	NY	Niagara Falls a F Federal Credit Union
Mar 2, 2009	Capcom Credit Union	MI	Dfcu Financial
Mar 1, 2009	Associated Blind of Oklahoma/Texas Federal Credit Union	OK	Tinker Federal Credit Union
Mar 1, 2009	Rossville Bank	GA	Community National Bank
Mar 1, 2009	Holmes Washington Credit Union	FL	Community South Credit Union
Mar 1, 2009	Reymet Community Federal Credit Union	VA	Partners Financial Federal Credit Union
Mar 1, 2009	Shreveport Cotton Belt Federal Credit Union	LA	Bossier Federal Credit Union
Feb 28, 2009	Popular Finance, Inc.	PR	Banco Popular de Puerto Rico

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

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