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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
Jun 13, 2009 FSB of Yoakum, Inc. DE First State Bancshares of Yoakum, Inc.
Jun 12, 2009 Union Bancshares of Benton, Inc. AR First Security Bancorp
Jun 12, 2009 The Union Bank of Benton AR First Security Bank
Jun 11, 2009 WNB Financial Services, Inc. TX WNB Bancshares, Inc.
Jun 9, 2009 The Apple Valley Bank & Trust Company CT New England Bank
Jun 4, 2009 First Burkburnett Nevada Financial Corporation NV First Burkburnett Bancshares, Inc.
Jun 1, 2009 Desert Energy Credit Union AZ Pima Federal Credit Union
Jun 1, 2009 Retail Employee Credit Union GA Georgia's Own Credit Union
Jun 1, 2009 Landmark Mortgage Company IN First Internet Bancorp
Jun 1, 2009 American Bancorp of New Jersey, Inc. NJ Investors Bancorp, Inc.
Jun 1, 2009 Glassworkers Works No. 14 Credit Union IL Land of Lincoln Credit Union
Jun 1, 2009 El Camino College Federal Credit Union CA Schoolsfirst Federal Credit Union
Jun 1, 2009 Avibank Employees Federal Credit Union CA Prospectors Federal Credit Union
Jun 1, 2009 Rawhide Credit Union IL Alero Financial Credit Union
Jun 1, 2009 Pennwalt Employees Credit Union MI Nupath Community Credit Union
Jun 1, 2009 Ryerson Employees Credit Union IL South Division Credit Union
Jun 1, 2009 Local 219 Federal Credit Union OH B F G Federal Credit Union
Jun 1, 2009 First Financial Community Federal Credit Union TX Security First Federal Credit Union
Jun 1, 2009 National Science Foundation Federal Credit Union VA The Partnership Federal Credit Union
Jun 1, 2009 Tonawanda School Employees Federal Credit Union NY Tonawanda Community Federal Credit Union
Jun 1, 2009 Grocers Financial Services Federal Credit Union AR United Arkansas Federal Credit Union
Jun 1, 2009 Alabama 1st Capital Credit Union AL Alabama One Credit Union
Jun 1, 2009 Memorial Health System Employees Credit Union IL Heartland Credit Union
Jun 1, 2009 Community Trust Credit Union CA Self-Help Federal Credit Union
Jun 1, 2009 American Bank of New Jersey NJ Investors Bank
Jun 1, 2009 McNairy County Educational Credit Union TN McNairy Employees Credit Union
Jun 1, 2009 Chicanos Por La Causa Federal Credit Union AZ Marisol Federal Credit Union
Jun 1, 2009 Steinbeck Credit Union CA The Golden 1 Credit Union
May 31, 2009 Mason National Bancshares of Nevada, Inc. NV Mason Bancshares, Inc.
May 31, 2009 Ohio Carpenters Federal Credit Union OH Saints Margaret & Gregory Federal Credit Union
May 31, 2009 Nationsheritage Federal Credit Union MA HarborOne Bank
May 31, 2009 Church Capital Management LLC PA The PNC Financial Services Group, Inc.
May 30, 2009 First American Federal Credit Union CA Intouch Credit Union
May 30, 2009 Bank of Canton PA Chemung Canal Trust Company, N.A.
May 30, 2009 Montana State Hospital Credit Union MT Edtech Federal Credit Union
May 30, 2009 Providence Bank FL Florida Traditions Bank
May 30, 2009 Canton Bancorp, Inc. PA Chemung Financial Corporation
May 30, 2009 International Bank CO Inbank
May 28, 2009 Self Locking Employees Credit Union IL Streator Onized Credit Union
May 27, 2009 Lee County Bancshares, Inc AR Farmers and Merchants Bankshares, Inc.
May 27, 2009 Pennsylvania Business Bank PA Nova Bank
May 26, 2009 Bear Stearns Financial Products Inc. NY JPMorgan Chase Bank, N.A.
May 23, 2009 Armstrong Employees Credit Union AL New Horizons Credit Union
May 23, 2009 Court Square Leasing Corporation MD Manufacturers and Traders Trust Company
May 23, 2009 Provident Bankshares Corporation MD Wilmington Trust Corporation
May 23, 2009 Provident Bank of Maryland MD Manufacturers and Traders Trust Company
May 15, 2009 First Bank of West Texas TX Western Bank
May 12, 2009 Dresdner Bank Aktiengesellschaft — Commerzbank Aktiengesellschaft
May 9, 2009 Gateway Bank & Trust Company NC Xenith Bank
May 9, 2009 Benjamin Franklin Bank MA Rockland Trust Company

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