Skip to main content

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 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

Browse adjacent years: 2008 · 2010

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