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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
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
Sep 28, 2009 OCC The First National Bank of Platteville Civil Money Penalty (CMP): Runde, Charles J.
Sep 28, 2009 OCC First National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank
Sep 25, 2009 OCC_OTS Washington Mutual Bank Orders of Removal/Prohibition: Karla Flores-Ybaceta
Sep 25, 2009
Released Oct 6, 2009		 FRB Wellington State Bank Civil Money Penalty, $3,465: Wellington State Bank, Wellington, Texas
Sep 25, 2009
Released Oct 1, 2009		 FRB Coastal Financial Corporation Written Agreement: Coastal Financial Corporation, Everett, Washington; Coastal Community Bank, Everett, Washington
Sep 25, 2009 OCC_OTS NexBank Capital, Inc. Cease and Desist: Nexbank Capital, Inc
Sep 24, 2009
Released Sep 25, 2009		 FRB Bankers' Bancorp, Inc. Cease and Desist Order: Bankers' Bancorp, Inc., Springfield, Illinois; Independent Bankers' Bank, Springfield, Illinois
Sep 24, 2009 OCC First National Bank in Howell Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank in Howell
Sep 23, 2009 FRB Regions Bank Section 19 Letters: Joshua Douglas Paul
Sep 23, 2009
Released Sep 29, 2009		 FRB First Utah Bank Written Agreement: First Utah Bank, Salt Lake City, Utah
Sep 23, 2009 FRB The Bank of Durango Section 19 Letters: Marion E. McMillan
Sep 23, 2009 OCC_OTS The Colorado Savings & Trust Company Orders of Removal/Prohibition: Mike Kidwell
Sep 22, 2009 OCC American National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): American National Bank
Sep 21, 2009 OCC Inter National Bank Formal Agreement: Inter National Bank
Sep 21, 2009
Released Sep 24, 2009		 FRB Compass Bank Civil Money Penalty: Compass Bank, Birmingham, Alabama
Sep 21, 2009
Released Sep 24, 2009		 FRB Capitol Bancorp Ltd. Written Agreement: Capitol Bancorp, Ltd., Lansing, Michigan; Capitol Bancorp, Ltd., Second-Tier Bank Holding Companies
Sep 18, 2009
Released Sep 22, 2009		 FRB Orion Bancorp, Inc. Cease and Desist Order: Orion Bancorp, Inc., Naples, Florida; Orion Bank, Naples, Florida
Sep 18, 2009 OCC_OTS Partners Bank Prompt Corrective Action: Partners Bank
Sep 18, 2009 OCC Bank USA, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bank USA, National Association
Sep 17, 2009 OCC First National Community Bank Formal Agreement: The First National Bank of Chatsworth
Sep 17, 2009
Released Sep 23, 2009		 FRB Old Southern Bank Written Agreement: Old Southern Bank, Orlando, Florida
Sep 17, 2009 OCC The First National Bank of Stratton Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Todd, Robert
Sep 17, 2009 OCC The First National Bank of Stratton Civil Money Penalty (CMP): Bohnen, Joseph M.
Sep 17, 2009 OCC The First National Bank of Stratton Civil Money Penalty (CMP): Downey, Robert
Sep 17, 2009 OCC The First National Bank of Stratton Civil Money Penalty (CMP): Morgan, Timothy S.
Sep 17, 2009 OCC The First National Bank of Stratton Civil Money Penalty (CMP): Todd, Robert
Sep 17, 2009 OCC Central National Bank Formal Agreement: Central National Bank
Sep 16, 2009 FRB Regions Bank Section 19 Letters: Pamela Bass
Sep 16, 2009
Released Sep 23, 2009		 FRB (individual) Written Agreement: Community Bankshares, Inc., LaGrange, Georgia
Sep 16, 2009 FRB Regions Bank Section 19 Letters: Cathy G. Clark
Sep 16, 2009 FRB Regions Bank Section 19 Letters: Gail R. Allen
Sep 15, 2009 OCC Excel National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Excel National Bank
Sep 15, 2009
Released Sep 16, 2009		 FRB Irwin Financial Corporation Cease and Desist Order: Irwin Financial Corporation, Columbus, Indiana; Irwin Union Bank and Trust …
Sep 15, 2009
Released Sep 22, 2009		 FRB Americanwest Bancorporation Written Agreement: AmericanWest Bancorporation, Spokane, Washington
Sep 15, 2009 OCC The Citizens National Bank Prohibition/Removal Orders: Radcliffe, Rebecca L.
Sep 15, 2009 OCC American Commerce Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Peoples Community National Bank
Sep 14, 2009
Released Sep 17, 2009		 FRB Security Financial Bank Written Agreement: Security Financial Services Corporation, Durand, Wisconsin; Security Financial Bank, Durand, Wisconsin
Sep 11, 2009 FRB Suntrust Bank Section 19 Letters: Ryan Stokeling
Sep 11, 2009 FRB Regions Bank Section 19 Letters: Tammy Moffitt
Sep 11, 2009 FRB Suntrust Bank Section 19 Letters: Latesha Garner
Sep 10, 2009 OCC Bank of America, N.A. Civil Money Penalty (CMP): Hamlin, Loren F.
Sep 10, 2009 OCC Albany Bank & Trust, National Association Civil Money Penalty (CMP): Fox, Mark E.
Sep 10, 2009 OCC National City Bank Civil Money Penalty (CMP): National City Bank
Sep 10, 2009 OCC Albany Bank & Trust, National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Fox, Mark E.
Sep 10, 2009 OCC Wells Fargo Bank, N.A. Prohibition/Removal Orders: White, Jessica A.
Sep 10, 2009
Released Sep 23, 2009		 FRB (individual) Written Agreement: Capital Community Bancorporation, Inc., Provo, Utah
Sep 10, 2009
Released Sep 24, 2009		 FRB (individual) Written Agreement: First National Bancshares, Inc., Goodland, Kansas
Sep 10, 2009 OCC Bank of America, N.A. Prohibition/Removal Orders: Hamlin, Loren F.
Sep 9, 2009 OCC_OTS La Jolla Pacific Savings Bank Cease and Desist: La Jolla Bank, FSB
Sep 9, 2009 OCC_OTS La Jolla Bancorp Cease and Desist: La Jolla Bancorp, Inc.

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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