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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
May 2, 2009 (unnamed) — Bank of the West
May 2, 2009 TBB Delaware, Inc. DE Texas Brand Bancshares, Inc.
May 2, 2009 LNB Financial Corp. DE Paris Bancshares, Inc.
May 1, 2009 Basil Community PA Alcose Credit Union
May 1, 2009 West Texas Bancshares of Delaware, Inc. DE West Texas Bancshares, Inc.
May 1, 2009 Enfield Federal Savings and Loan Association CT New England Bank
May 1, 2009 Westlake Technology Credit Union OH Lakeshore Community Credit Union
May 1, 2009 Milan Federal Credit Union MI University of Michigan Credit Union
May 1, 2009 R E a Federal Credit Union DC Agriculture Federal Credit Union
May 1, 2009 Highland Hospital Federal Credit Union NY Advantage Federal Credit Union
May 1, 2009 Abingdon Pottery Credit Union IL I. H. Mississippi Valley Credit Union
May 1, 2009 Salt Lake Schools Credit Union UT Granite Federal Credit Union
May 1, 2009 Caswell Credit Union VT 802 Credit Union
Apr 30, 2009 Pacific Coast Credit Union CA Financial Partners Credit Union
Apr 30, 2009 Heartland Employees Credit Union MI River Valley Credit Union
Apr 30, 2009 Delpart Fcu DE American Spirit Federal Credit Union
Apr 27, 2009 Countrywide Bank, FSB CO Bank of America, N.A.
Apr 25, 2009 FNB Financial MI Southern Michigan Bank & Trust
Apr 25, 2009 First National Bank MO Landmark Bank
Apr 25, 2009 Community Bank of Cape Coral FL First Community Bank of Southwest Florida
Apr 25, 2009 Century Bank, National Association TX Wells Fargo Bank, N.A.
Apr 25, 2009 Landmark Bank, National Association OK Landmark Bank
Apr 23, 2009 Effinity Financial Corporation VA NB Holdings Corporation
Apr 20, 2009 CNLBank, Southwest Florida FL CNLBank
Apr 20, 2009 CNLBank, First Coast FL CNLBank
Apr 18, 2009 Lincoln Bank IN First Merchants Bank of Central Indiana, National Association
Apr 18, 2009 American Bank Center ND Bravera Bank
Apr 18, 2009 Farmers State Bank IN Hoosier Heartland State Bank
Apr 17, 2009 American Community Bank NC Yadkin Bank
Apr 17, 2009 American Community Bancshares, Inc. NC Yadkin Financial Corporation
Apr 11, 2009 Benjamin Franklin Bancorp, Inc. MA Independent Bank Corp.
Apr 4, 2009 Mountain West Bank of Kalispell, National Association MT Mountain West Bank, National Association
Apr 4, 2009 (unnamed) — Country Club Bank
Apr 4, 2009 The First National Bank of Brewster MN Rolling Hills Bank & Trust
Apr 3, 2009 Canandaigua V a Employees Federal Credit Union NY Focal Point Federal Credit Union
Apr 2, 2009 M&T Credit Services, LLC NY Manufacturers and Traders Trust Company
Apr 1, 2009 New Brighton Schools Federal Credit Union PA New Alliance Federal Credit Union
Apr 1, 2009 Peoples Bancshares, Inc. CO Peoples, Inc.
Apr 1, 2009 Beeville Holdings, Inc. DE First Beeville Financial Corporation
Apr 1, 2009 C B R M, Inc. DE RBC Bank (USA)
Apr 1, 2009 United Bank and Trust Company LA Liberty Bank and Trust Company
Apr 1, 2009 The PrivateBank MI CIBC Bank USA
Apr 1, 2009 Aurora Catholic Federal Credit Union CO Security Service Federal Credit Union
Apr 1, 2009 Frisco Employees Credit Union OK Western Sun Federal Credit Union
Apr 1, 2009 Brighton Cooperative Federal Credit Union CO Canvas Credit Union
Apr 1, 2009 Jeannette Rubber Federal Credit Union PA Elliott Community Federal Credit Union
Apr 1, 2009 Alcoa Richmond Federal Credit Union VA Virginia Federal Credit Union
Apr 1, 2009 First Country Federal Credit Union TX First Service Credit Union
Apr 1, 2009 Cryovac Employees Credit Union IA Dupaco Community Credit Union
Apr 1, 2009 Resurrection Catholic Center Credit Union AL Tri-Rivers 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

Browse adjacent years: 2008 · 2010

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