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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
Apr 1, 2009 J P C Employees Credit Union IL U.S. Employees Credit Union
Apr 1, 2009 Statesman Federal Credit Union ID Les Bois Credit Union
Apr 1, 2009 Cavalier Federal Credit Union OH Associated School Employees Credit Union, Inc.
Apr 1, 2009 Sacramento County Grange Federal Credit Union CA Big Valley Federal Credit Union
Apr 1, 2009 Bayway P D C P C Federal Credit Union NJ Elizabeth, NJ Firemen's Federal Credit Union
Apr 1, 2009 Old Forge Bank PA Penn Security Bank and Trust Company
Apr 1, 2009 H. R. C. Employees Federal Credit Union PA PPG & Associates Federal Credit Union
Mar 31, 2009 Oakland Commerce Bank MI Talmer West Bank
Mar 31, 2009 Graystone Financial Corp PA Tower Bancorp Inc.
Mar 31, 2009 Florida Bank of Jacksonville FL Florida Bank
Mar 31, 2009 The Bank of Tallahassee FL Florida Bank
Mar 31, 2009 Detroit Commerce Bank MI Talmer West Bank
Mar 31, 2009 Community Bank, National Association TN Community Bank, North Mississippi
Mar 31, 2009 Kent Commerce Bank MI Talmer West Bank
Mar 31, 2009 Muskegon Commerce Bank MI Talmer West Bank
Mar 31, 2009 Brighton Commerce Bank MI Talmer West Bank
Mar 31, 2009 Macomb Community Bank MI Talmer West Bank
Mar 31, 2009 The First National Bank of Greencastle PA Graystone Tower Bank
Mar 31, 2009 Grand Haven Bank MI Talmer West Bank
Mar 31, 2009 L M P Federal Credit Union PA Transit Workers Federal Credit Union
Mar 31, 2009 Portage Commerce Bank MI Talmer West Bank
Mar 31, 2009 AB&T National Bank AL AB&T
Mar 31, 2009 Fort Snelling Federal Credit Union MN Hiway Credit Union
Mar 31, 2009 Congoleum Industries Federal Credit Union NJ Hamilton Horizons Federal Credit Union
Mar 27, 2009 Huntsville Holdings, Inc. DE Sam Houston Financial Corp.
Mar 26, 2009 TBH Nevada Corporation NV Henderson Texas Bancshares, Inc.
Mar 21, 2009 Dakota Heritage Bank ND Dakota Heritage Bank
Mar 21, 2009 Community Bank AR Centennial Bank
Mar 21, 2009 Bank of Mountain View AR Centennial Bank
Mar 21, 2009 State Bank of Tower MN Queen City Federal Savings Bank
Mar 20, 2009 Lake Street 'L' Federal Credit Union IL North Side L Federal Credit Union
Mar 18, 2009 Gunite Employees Credit Union IL Generations Credit Union
Mar 16, 2009 Inkom Cement Employees Credit Union ID Connections Credit Union
Mar 14, 2009 Sumter Bank and Trust Company GA SB&T Bank
Mar 13, 2009 Marsh Employees Federal Credit Union IN Indiana Members Credit Union
Mar 13, 2009 Tradition Bancshares of Delaware, Inc. DE Tradition Bancshares, Inc.
Mar 11, 2009 Waterloo Bancshares, Inc. IL Midland States Bancorp, Inc.
Mar 7, 2009 The State Bank of Viroqua WI Baraboo State Bank
Mar 6, 2009 First Community Bank East Texas, National Association TX First Community Bank, N.A.
Mar 5, 2009 Union Grove Baptist Church Federal Credit Union OH Whitehall Credit Union
Mar 3, 2009 Summit Credit Union MT Altana Federal Credit Union
Mar 2, 2009 Foundation Federal Credit Union LA Jefferson Financial Federal Credit Union
Mar 2, 2009 N F a N G Federal Credit Union NY Niagara Falls a F Federal Credit Union
Mar 2, 2009 Capcom Credit Union MI Dfcu Financial
Mar 1, 2009 Associated Blind of Oklahoma/Texas Federal Credit Union OK Tinker Federal Credit Union
Mar 1, 2009 Rossville Bank GA Community National Bank
Mar 1, 2009 Holmes Washington Credit Union FL Community South Credit Union
Mar 1, 2009 Reymet Community Federal Credit Union VA Partners Financial Federal Credit Union
Mar 1, 2009 Shreveport Cotton Belt Federal Credit Union LA Bossier Federal Credit Union
Feb 28, 2009 Popular Finance, Inc. PR Banco Popular de Puerto Rico

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

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