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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 1, 2009 Printing and Publishing Employees Credit Union CA Printing Industries Credit Union
Dec 1, 2009 Central Bank NE Citizens Bank & Trust Company
Dec 1, 2009 Pueblo City Employees Federal Credit Union CO Aventa Credit Union
Dec 1, 2009 Avx-MB Federal Credit Union SC Carolina Trust Federal Credit Union
Dec 1, 2009 Salem County School Employees Federal Credit Union NJ Member's 1st of NJ Federal Credit Union
Dec 1, 2009 HNJ Catholic Credit Union MO Gateway Metro Federal Credit Union
Dec 1, 2009 Landmark Partners LLC KY Hancock Bank & Trust Company
Dec 1, 2009 CNB Financial Corporation MA United Financial Bancorp, Inc.
Dec 1, 2009 Commonwealth National Bank MA United Bank
Dec 1, 2009 Citizens Bank in Loup City NE Citizens Bank & Trust Company
Dec 1, 2009 Trust Industrial Bank CO Lincoln Trust Company
Nov 30, 2009 Illinois Central Area Credit Union IL Kaskaskia Valley Credit Union
Nov 19, 2009 Bear Stearns Forex Inc. NY JPMorgan Chase Bank, N.A.
Nov 18, 2009 Blanco National Holdings of Delaware, Inc. DE Blanco National Holdings, Inc.
Nov 16, 2009 Pilgrim Bank Texas TX Pilgrim Bank
Nov 14, 2009 Anchor Bank National Association MN Anchor Bank, National Association
Nov 14, 2009 Anchor Bank Heritage, National Association MN Anchor Bank, National Association
Nov 14, 2009 First State Bank of Biggsville IL Casey State Bank
Nov 14, 2009 MainSource Bank of Illinois IL MainSource Bank
Nov 12, 2009 Ladai Federal Credit Union LA Bayou Federal Credit Union
Nov 11, 2009 The Citizens National Bank of Akron CO The Farmers State Bank of Brush
Nov 10, 2009 First Pratt Bankshares, Inc. KS Pratt Community Bancshares, Inc.
Nov 9, 2009 Nash Council Federal Credit Union NY St. Johns Buffalo Federal Credit Union
Nov 7, 2009 First State Bank IA First Security Bank and Trust Company
Nov 7, 2009 Allen Bank and Trust Company MO Country Club Bank
Nov 7, 2009 First State Bank IA First Security Bank and Trust Company
Nov 7, 2009 National City Bank OH PNC Bank, N.A.
Nov 7, 2009 MidAmerican Bank and Trust Company, National Association KS Country Club Bank
Nov 6, 2009 Northern Corridor Community Federal Credit Union NY Ufirst Federal Credit Union
Nov 5, 2009 Falcon Nevada, Inc. NV Falcon Bancshares Incorporated
Nov 2, 2009 Merrill Lynch Bank & Trust Co., FSB NY Bank of America, N.A.
Nov 2, 2009 Merrill Lynch Trust Company of Delaware DE U.S. Trust Company of Delaware
Nov 2, 2009 Firestone Credit Union IA Affinity Credit Union
Nov 1, 2009 Atlas Community Credit Union IL Laclede Community Credit Union
Nov 1, 2009 First Berlin Investment, Inc. NV Fortifi Bank
Nov 1, 2009 Manatee River Community Bank FL First America Bank
Nov 1, 2009 City State Bancshares, Inc. - Delaware DE City State Bancshares, Inc.
Nov 1, 2009 Wachovia Bank, FSB TX Wells Fargo Bank South Central, N.A.
Nov 1, 2009 Wells Fargo Bank Southwest, National Association NV Wells Fargo Bank, N.A.
Nov 1, 2009 Southern Bancorp Bank MS Uplift Bank
Nov 1, 2009 Holy Trinity Church of Bedford Federal Credit Union OH Saints Margaret & Gregory Federal Credit Union
Nov 1, 2009 Carolina Mountains Credit Union NC Self-Help Credit Union
Nov 1, 2009 Members Advantage Federal Credit Union CO Westminster Federal Credit Union
Nov 1, 2009 V B S Federal Credit Union OH Universal 1 Credit Union, Inc.
Nov 1, 2009 Priests Credit Union ND Catholic United Financial Credit Union
Nov 1, 2009 Sarasota Coastal Credit Union FL Achieva Credit Union
Nov 1, 2009 Saint Willibrord Credit Union IL Sherwin Williams Employees Credit Union
Nov 1, 2009 Market Basket Federal Credit Union TX Rave Financial Credit Union
Nov 1, 2009 Southern Bancorp Bank, National Association AR Uplift Bank
Nov 1, 2009 Csra Federal Credit Union GA Associated Credit Union

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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