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 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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