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
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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