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
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

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