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 31, 2009	Provenant Federal Credit Union	CO	Canvas Credit Union
Dec 31, 2009	Community National Corporation	OH	NB&T Financial Group, Inc.
Dec 31, 2009	Dearden, Maguire, Weaver and Barrett,llc	PA	Fulton Financial Advisors, N.A.
Dec 31, 2009	Wells Fargo Delaware Trust Company	DE	Wells Fargo Delaware Trust Company, N.A.
Dec 31, 2009	Citizens Financial Corporation of Brownwood, Inc.	DE	Brownwood Bancshares, Inc.
Dec 31, 2009	(unnamed)	—	Brown Brothers Harriman Trust Company of Delaware, N.A.
Dec 31, 2009	First Minneapolis Building Corporation	MN	U.S. Bank N.A.
Dec 31, 2009	Totah Credit Union	NM	Animas Credit Union
Dec 31, 2009	Eaton Employees Credit Union	IL	Eaton Family Credit Union
Dec 31, 2009	Communications Credit Union	OK	Communication Federal Credit Union
Dec 31, 2009	Maine Township Schools Credit Union	IL	Premier Credit Union
Dec 31, 2009	The Community National Bank	OH	The National Bank and Trust Company
Dec 31, 2009	Millersville Federal Credit Union	PA	Lanco Federal Credit Union
Dec 31, 2009	K&S Employees Federal Credit Union	PA	Honeywell Philadelphia Division Federal Credit Union
Dec 31, 2009	PL Co Federal Credit Union	KY	Louchem Federal Credit Union
Dec 31, 2009	First Service Credit Union	WI	Marine Credit Union
Dec 30, 2009	Coast Financial Holdings, Inc	FL	The San Francisco Company
Dec 30, 2009	Border Capital Group of Delaware, Inc.	DE	Border Capital Group, Inc.
Dec 28, 2009	Jordan Mutual Benefit Association Credit Union	CT	Victory/Piaterer Mutual Benefit Association Credit Union
Dec 28, 2009	American Mutual Credit Union, Inc	CT	Victory/Piaterer Mutual Benefit Association Credit Union
Dec 25, 2009	East Texas Bancshares of Delaware, Inc.	DE	East Texas Bancshares, Inc.
Dec 24, 2009	University House Federal Credit Union	PA	Freedom Credit Union
Dec 23, 2009	McLaughlin Delaware Bancshares, Inc.	DE	Vista Bancshares, Inc.
Dec 23, 2009	FVNB Delaware Corp.	DE	FVNB Corp.
Dec 21, 2009	Texas Employees Credit Union	TX	America's Credit Union
Dec 18, 2009	M. C. B. Holdings, Inc.	NV	Morris County Bankshares, Incorporated
Dec 18, 2009	St. Cloud Investment Corp.	WI	Hometown Bank
Dec 17, 2009	Embden Farmers Union Credit Union	ND	Elm River Credit Union
Dec 15, 2009	Sunrise Bank of Arizona	AZ	Sunrise Bank of Arizona
Dec 15, 2009	Colonia Bank	AZ	Sunrise Bank of Arizona
Dec 15, 2009	Asian Bank of Arizona	AZ	Sunrise Bank of Arizona
Dec 15, 2009	Arrowhead Community Bank	AZ	Sunrise Bank of Arizona
Dec 15, 2009	(unnamed)	—	Sunrise Bank of Arizona
Dec 15, 2009	Douglas Memorial Federal Credit Union	MD	Securityplus Federal Credit Union
Dec 12, 2009	The First National Bank of Gilman	IL	Prospect Bank
Dec 9, 2009	First Jones Bancorporation, Inc.	OK	BancFirst Corporation
Dec 5, 2009	C. B. Bank Shares, Inc.	IN	First Farmers Financial Corporation
Dec 5, 2009	Central Bank	IN	First Farmers Bank & Trust Co.
Dec 5, 2009	MainSource Bank - Ohio	OH	MainSource Bank
Dec 5, 2009	Brunswick Employees Credit Union	IL	Baxter Credit Union
Dec 1, 2009	Iam Credit Union	IL	Credit Union 1
Dec 1, 2009	Brighton Federal Credit Union	CO	Colorado Credit Union
Dec 1, 2009	Cornell Teachers Credit Union	WI	Valley Credit Union
Dec 1, 2009	St. Ferdinand Credit Union	MO	Gateway Metro Federal Credit Union
Dec 1, 2009	Amf Kennedy Employees Federal Credit Union	NY	Triboro Postal Federal Credit Union
Dec 1, 2009	Trico Credit Union	WI	Parker Community Credit Union
Dec 1, 2009	Faith Financial Federal Credit Union	KS	MainStreet Federal Credit Union
Dec 1, 2009	Careconnections Federal Credit Union	CA	Calcom Federal Credit Union
Dec 1, 2009	Useit Federal Credit Union	CA	Schoolsfirst Federal Credit Union
Dec 1, 2009	Vernon/Commerce Credit Union	CA	Pasadena Service Federal Credit Union

The list holds 500 of the 566 mergers recorded for 2009.

Enforcement Actions in 2009

Action date	Agency	Institution	Action
Sep 9, 2009 Released Sep 10, 2009	FRB	Ucbh Holdings, Inc.	Written Agreement: UCBH Holdings, Inc., San Francisco, California
Sep 8, 2009	OCC_OTS	First Trade Union Capital Trust I	Orders of Removal/Prohibition: Kevin Rutledge
Sep 8, 2009 Released Sep 22, 2009	FRB	Northern Star Financial, Inc.	Written Agreement: Northern Star Financial Inc., Mankota, Washington
Sep 8, 2009	OCC	Executive National Bank	Formal Agreement: Executive National Bank
Sep 8, 2009	OCC	JPMorgan Chase Bank, N.A.	Prohibition/Removal Orders: Butcher, Valarie L.
Sep 8, 2009	OCC	Corus Bank, N.A.	Prompt Corrective Action (PCA) Directive: Corus Bank, National Association
Sep 4, 2009	FRB	(individual)	Section 19 Letters: Elizabeth Ann Gray
Sep 3, 2009 Released Sep 14, 2009	FRB	Colorado Mountain Bank	Written Agreement: Colorado Mountain Bank, Westcliffe, Colorado
Sep 2, 2009	FRB	Iberiabank Corporation	Section 19 Letters: Gwen Bourgeois
Sep 2, 2009	FRB	Iberiabank Corporation	Section 19 Letters: Ashley R. Butler
Sep 1, 2009 Released Sep 3, 2009	FRB	(individual)	Civil Money Penalty, $2,565: First Bank & Trust Company, Lebanon, Virginia
Sep 1, 2009 Released Sep 3, 2009	FRB	(individual)	Civil Money Penalty, $3,990: Union Bank and Trust Company, Bowling Green, Virginia
Sep 1, 2009	OCC_OTS	Citizens First Bancorp, Inc.	Cease and Desist: Citizens First Bancorp, Inc.
Sep 1, 2009	OCC	First National Bank of Nevada	Prohibition/Removal Orders: Polk, Camille L.
Aug 31, 2009	OCC	Prime Pacific Financial Services, Inc.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Prime Pacific Bank, National Association
Aug 31, 2009 Released Sep 10, 2009	FRB	Tennessee State Bancshares, Inc.	Written Agreement: Tennessee State Bancshares, Inc., Pigeon Forge, Tennessee; Tennessee State Bank, Pigeon Forge, …
Aug 31, 2009	OCC	California National Bank	Formal Agreement: National Bank of California
Aug 31, 2009	OCC_OTS	Vantus Bank	Prompt Corrective Action: Vantus Bank
Aug 31, 2009	OCC_OTS	Golden First Bank	Orders of Removal/Prohibition: David Bijan Movtady
Aug 31, 2009	OCC_OTS	Golden First Bank	Civil Money Penalty: David Bijan Movtady
Aug 31, 2009	FRB	(individual)	Section 19 Letters: Keith Hurd
Aug 28, 2009	OCC_OTS	MRCB Holdings Inc.	Supervisory Agreement: MRCB Holdings, Inc.
Aug 28, 2009	OCC_OTS	Manatee River Community Bank	Supervisory Agreement: Manatee River Community Bank
Aug 28, 2009 Released Sep 3, 2009	FRB	Midwest Independent Bancshares, Inc.	Written Agreement: Midwest Independent Bancshares, Inc., Jefferson City, Missouri; Midwest Independent Bank, Jefferson City, …
Aug 28, 2009 Released Sep 14, 2009	FRB	Fbop Corporation	Written Agreement: FBOP Corporation, Oak Park, Illinois
Aug 28, 2009	OCC	Marshall Bank, N.A.	Civil Money Penalty (CMP): Fjellman, Scott R.
Aug 28, 2009	OCC_OTS	Domestic Credit Corp	Cease and Desist: Craig A. Baker
Aug 28, 2009	OCC_OTS	Domestic Credit Corp	Civil Money Penalty: Craig A. Baker
Aug 28, 2009	OCC_OTS	Domestic Credit Corp	Civil Money Penalty: H. Jeffrey Baker
Aug 28, 2009	OCC_OTS	Domestic Credit Corp	Civil Money Penalty: Nathaniel B. Baker
Aug 28, 2009	OCC_OTS	Domestic Credit Corp	Orders of Removal/Prohibition: H. Jeffrey Baker
Aug 28, 2009	OCC_OTS	Domestic Credit Corp	Orders of Removal/Prohibition: Nathaniel B. Baker
Aug 28, 2009	OCC_OTS	First National Bank of South Carolina	Supervisory Agreement: First Federal of South Carolina, FSB
Aug 27, 2009 Released Sep 8, 2009	FRB	(individual)	Written Agreement: Valley Bancorp, Inc., Brighton, Colorado
Aug 27, 2009	OCC	Union National Community Bank	Formal Agreement: Union National Community Bank
Aug 27, 2009	OCC	Peoples National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Peoples National Bank
Aug 26, 2009	OCC	CBC National Bank	Formal Agreement: Cbc National Bank
Aug 26, 2009	OCC	Park National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Park National Bank
Aug 25, 2009	FRB	(individual)	Section 19 Letters: Yvonne Marie Johns
Aug 25, 2009	FRB	The Bank of Nova Scotia	Section 19 Letters: Zacchea Chapman
Aug 25, 2009 Released Sep 17, 2009	FRB	Century Bank of Florida	Written Agreement: Century Bank of Florida, Tampa, Florida
Aug 25, 2009	OCC_OTS	OceanFirst Bank, N.A.	Cease and Desist: Darlene A. Deary
Aug 25, 2009	OCC	First National Community Bank	Formal Agreement: First National Community Bank
Aug 25, 2009	OCC	Eaton National Bank and Trust Co.	Formal Agreement: Eaton National Bank and Trust Co.
Aug 25, 2009	OCC	Pacific National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Pacific National Bank
Aug 25, 2009	FRB	(individual)	Section 19 Letters: Tamika L. Harris
Aug 24, 2009	OCC	San Diego National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): San Diego National Bank
Aug 21, 2009	OCC_OTS	Platinum Community Bank	Cease and Desist: Platinum Community Bank
Aug 21, 2009	OCC_OTS	Taylor Bean and Whitaker Mortgage Corp.	Cease and Desist: Taylor Bean & Whitaker Mortgage Corp.
Aug 21, 2009	OCC_OTS	Sunnyside Federal Savings and Loan Association of Irvington	Amended Orders to Cease and Desist: Sunnyside FS&LA of Irvington

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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