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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
Jul 1, 2009 P C Glassworkers Credit Union MO Central Missouri Community Credit Union
Jul 1, 2009 Fargo Forum Federal Credit Union ND Town & Country Credit Union
Jul 1, 2009 FirstBank Florida FL FirstBank Puerto Rico
Jul 1, 2009 Wiscor Credit Union WI Landmark Credit Union
Jul 1, 2009 First State Bank IA Glenwood State Bank
Jul 1, 2009 Sun Country Credit Union AZ Credit Union West
Jul 1, 2009 Four-Sixteen Federal Credit Union NJ Motion Federal Credit Union
Jul 1, 2009 Jeffco Schools Credit Union CO Westerra Credit Union
Jul 1, 2009 Jefferson-Pilot Communications Federal Credit Union NC Truliant Federal Credit Union
Jul 1, 2009 Franklin Electric Employees Federal Credit Union AR Uark Federal Credit Union
Jul 1, 2009 Foothills Credit Union NC Nova Credit Union
Jul 1, 2009 Financial 21 Community Credit Union CA California Coast Credit Union
Jul 1, 2009 Banesto Factoring, S.A. Establecimiento Financiero De Credito — Banco Espanol De Credito, S.A.
Jul 1, 2009 Ponce General Corporation FL FirstBank Puerto Rico
Jul 1, 2009 City of Hope Federal Credit Union GA Peach State Federal Credit Union
Jul 1, 2009 MWB Nevada, Inc. NV Mineral Wells Bancshares, Inc.
Jul 1, 2009 The PrivateBank MO CIBC Bank USA
Jul 1, 2009 Service Bancorp, Inc. MA Middlesex Bancorp MHC
Jul 1, 2009 Hindman Bancshares, Inc. KY Community Exchange Bancshares Inc.
Jul 1, 2009 Service Bancorp, MHC MA Middlesex Bancorp MHC
Jul 1, 2009 Constar Credit Union GA Pinnacle Credit Union
Jul 1, 2009 Alisos Credit Union CA Camino Federal Credit Union
Jul 1, 2009 Merrill Lynch Bank USA UT Bank of America, N.A.
Jul 1, 2009 Lifetime Credit Union WI Landmark Credit Union
Jul 1, 2009 Tabor Enterprises, Inc. IA Glenwood Bancorporation
Jul 1, 2009 SCC Resources, Inc. OH Civista Bank
Jul 1, 2009 American River Healthpro Credit Union CA S a F E Credit Union
Jul 1, 2009 Daco Federal Credit Union KY Green River Area Federal Credit Union
Jul 1, 2009 Strata Bank MA Middlesex Savings Bank
Jul 1, 2009 Two Rivers Bank & Trust IA Two Rivers Bank & Trust
Jun 30, 2009 Zions Municipal Funding, Inc. UT Zions Bancorporation
Jun 30, 2009 Diamond State Federal Credit Union DE Tidemark Federal Credit Union
Jun 30, 2009 Indiana Bellco Federal Credit Union PA I C Federal Credit Union
Jun 30, 2009 Hiawatha Bancshares, Inc. WI Lake Shore Wisconsin Corporation
Jun 30, 2009 Clare Bancorporation, Inc. WI Montfort Bancorporation, Inc.
Jun 30, 2009 Bainbridge Securities, Inc PA The PNC Financial Services Group, Inc.
Jun 29, 2009 Cmar Credit Union GA Ithink Financial Credit Union
Jun 27, 2009 Merchants Bank, National Association MN Merchants Bank, N.A.
Jun 27, 2009 Timberland Bank AR Uplift Bank
Jun 27, 2009 Marine Bank WI Cibm Bank
Jun 27, 2009 Merchants Bank, N.A. MN Merchants Bank, N.A.
Jun 24, 2009 First Gilmer (Delaware) Holdings, Ltd. DE First Gilmer Bankshares, Inc.
Jun 20, 2009 Twin City Bank AR Centennial Bank
Jun 20, 2009 Centennial Bank AR Centennial Bank
Jun 18, 2009 First National Bank at Marianna AR The Farmers & Merchants Bank
Jun 16, 2009 Bosque Delaware Financial Corporation DE Bosque Bancshares, Inc.
Jun 16, 2009 Live Oak Bancshares Corporation of Delaware DE Live Oak Bancshares Corporation
Jun 15, 2009 Norwood School Employees Federal Credit Union MA Arise Federal Credit Union
Jun 14, 2009 KC Councils Federal Credit Union MD Money One Federal Credit Union
Jun 13, 2009 SBT Bancshares of Delaware, Inc. DE SBT Bancshares, Inc.

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

Or jump to a category: Failures · Mergers · Enforcement · Assistance