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
Sep 11, 2009	Brickwell Community Bank	Woodbury, MN	$72.6M	Cortrust Bank, N.A.
Sep 4, 2009	Vantus Bank	Sioux City, IA	$503.6M	Great Southern Bank
Sep 4, 2009	Inbank	Oak Forest, IL	$209.8M	MB Financial N.A.
Sep 4, 2009	Platinum Community Bank	Rolling Meadows, IL	$148.0M	—
Sep 4, 2009	First State Bank	Flagstaff, AZ	$107.2M	Sunwest Bank
Sep 4, 2009	First Bank of Kansas City	Kansas City, MO	$15.7M	Great American Bank
Aug 28, 2009	Affinity Bank	Ventura, CA	$1.21B	Pacific Western Bank
Aug 28, 2009	MainStreet Bank	Forest Lake, MN	$458.5M	Central Bank
Aug 28, 2009	Bradford Bank	Baltimore, MD	$451.9M	Manufacturers and Traders Trust Company
Aug 21, 2009	Guaranty Bank	Austin, TX	$13.46B	Compass Bank
Aug 21, 2009	Capitalsouth Bank	Birmingham, AL	$586.6M	Iberiabank
Aug 21, 2009	First Coweta	Newnan, GA	$163.8M	United Bank
Aug 21, 2009	Ebank	Atlanta, GA	$144.7M	Stearns Bank, N.A.
Aug 14, 2009	Colonial Bank	Montgomery, AL	$25.46B	BB&T
Aug 14, 2009	Community Bank of Nevada	Las Vegas, NV	$1.40B	—
Aug 14, 2009	Community Bank of Arizona	Phoenix, AZ	$158.5M	MidFirst Bank
Aug 14, 2009	Union Bank, N.A.	Gilbert, AZ	$119.5M	MidFirst Bank
Aug 14, 2009	Dwelling House Savings and Loan	Pittsburgh, PA	$12.9M	PNC Bank, N.A.
Aug 7, 2009	First State Bank	Sarasota, FL	$447.7M	Stearns Bank, N.A.
Aug 7, 2009	Community First Bank	Prineville, OR	$199.5M	Home Federal Bank
Aug 7, 2009	Community National Bank of Sarasota County	Venice, FL	$92.5M	Stearns Bank, N.A.
Jul 31, 2009	Mutual Bank	Harvey, IL	$1.60B	United Central Bank
Jul 31, 2009	Peoples Community Bank	West Chester, OH	$606.2M	First Financial Bank, N.A.
Jul 31, 2009	First Bankamericano	Elizabth, NJ	$163.4M	Crown Bank
Jul 31, 2009	Integrity Bank	Jupiter, FL	$105.3M	Stonegate Bank
Jul 31, 2009	First State Bank of Altus	Altus, OK	$90.9M	Herring Bank
Jul 24, 2009	Security Bank of Bibb County	Macon, GA	$943.7M	State Bank and Trust Company
Jul 24, 2009	Security Bank of Jones County	Gray, GA	$432.7M	State Bank and Trust Company
Jul 24, 2009	Security Bank of Houston County	Perry, GA	$371.6M	State Bank and Trust Company
Jul 24, 2009	Security Bank of Gwinnett County	Suwannee, GA	$259.2M	State Bank and Trust Company
Jul 24, 2009	Security Bank of North Fulton	Alpharetta, GA	$190.6M	State Bank and Trust Company
Jul 24, 2009	Security Bank of North Metro	Woodstock, GA	$184.2M	State Bank and Trust Company
Jul 24, 2009	Waterford Village Bank	Williamsville, NY	$55.7M	Evans Bank N.A.
Jul 17, 2009	Vineyard Bank, N.A.	Rancho Cucamonga, CA	$1.64B	California Bank & Trust
Jul 17, 2009	Temecula Valley Bank	Temecula, CA	$1.40B	First-Citizens Bank and Trust Company
Jul 17, 2009	BankFirst	Sioux Falls, SD	$210.8M	Alerus Financial, N.A.
Jul 17, 2009	First Piedmont Bank	Winder, GA	$114.1M	First American Bank and Trust Company
Jul 10, 2009	Bank of Wyoming	Thermopolis, WY	$70.2M	Central Bank & Trust
Jul 2, 2009	Founders Bank	Worth, IL	$889.2M	The Privatebank and Trust Company
Jul 2, 2009	The First National Bank of Danville	Danville, IL	$148.2M	First Financial Bank, N.A.
Jul 2, 2009	Millennium State Bank of Texas	Dallas, TX	$118.6M	State Bank of Texas
Jul 2, 2009	Rock River Bank	Oregon, IL	$74.8M	The Harvard Bank
Jul 2, 2009	The John Warner Bank	Clinton, IL	$69.6M	State Bank of Lincoln
Jul 2, 2009	The Elizabeth State Bank	Elizabeth, IL	$55.0M	Galena State Bank and Trust
Jul 2, 2009	The First State Bank of Winchester	Winchester, IL	$30.1M	The First National Bank of Beardstown
Jun 26, 2009	Mirae Bank	Los Angeles, CA	$480.6M	Wilshire State Bank
Jun 26, 2009	Neighborhood Community Bank	Newnan, GA	$212.6M	Charterbank
Jun 26, 2009	Community Bank of West Georgia	Villa Rica, GA	$201.2M	—
Jun 26, 2009	Horizon Bank	Pine City, MN	$84.8M	Stearns Bank, N.A.
Jun 26, 2009	Metropacific Bank	Irvine, CA	$75.3M	Sunwest Bank

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
Jul 1, 2009	P C Glassworkers Credit Union	MO	Central Missouri Community Credit Union
Jul 1, 2009	Fargo Forum Federal Credit Union	ND	Town & Country Credit Union
Jul 1, 2009	FirstBank Florida	FL	FirstBank Puerto Rico
Jul 1, 2009	Wiscor Credit Union	WI	Landmark Credit Union
Jul 1, 2009	First State Bank	IA	Glenwood State Bank
Jul 1, 2009	Sun Country Credit Union	AZ	Credit Union West
Jul 1, 2009	Four-Sixteen Federal Credit Union	NJ	Motion Federal Credit Union
Jul 1, 2009	Jeffco Schools Credit Union	CO	Westerra Credit Union
Jul 1, 2009	Jefferson-Pilot Communications Federal Credit Union	NC	Truliant Federal Credit Union
Jul 1, 2009	Franklin Electric Employees Federal Credit Union	AR	Uark Federal Credit Union
Jul 1, 2009	Foothills Credit Union	NC	Nova Credit Union
Jul 1, 2009	Financial 21 Community Credit Union	CA	California Coast Credit Union
Jul 1, 2009	Banesto Factoring, S.A. Establecimiento Financiero De Credito	—	Banco Espanol De Credito, S.A.
Jul 1, 2009	Ponce General Corporation	FL	FirstBank Puerto Rico
Jul 1, 2009	City of Hope Federal Credit Union	GA	Peach State Federal Credit Union
Jul 1, 2009	MWB Nevada, Inc.	NV	Mineral Wells Bancshares, Inc.
Jul 1, 2009	The PrivateBank	MO	CIBC Bank USA
Jul 1, 2009	Service Bancorp, Inc.	MA	Middlesex Bancorp MHC
Jul 1, 2009	Hindman Bancshares, Inc.	KY	Community Exchange Bancshares Inc.
Jul 1, 2009	Service Bancorp, MHC	MA	Middlesex Bancorp MHC
Jul 1, 2009	Constar Credit Union	GA	Pinnacle Credit Union
Jul 1, 2009	Alisos Credit Union	CA	Camino Federal Credit Union
Jul 1, 2009	Merrill Lynch Bank USA	UT	Bank of America, N.A.
Jul 1, 2009	Lifetime Credit Union	WI	Landmark Credit Union
Jul 1, 2009	Tabor Enterprises, Inc.	IA	Glenwood Bancorporation
Jul 1, 2009	SCC Resources, Inc.	OH	Civista Bank
Jul 1, 2009	American River Healthpro Credit Union	CA	S a F E Credit Union
Jul 1, 2009	Daco Federal Credit Union	KY	Green River Area Federal Credit Union
Jul 1, 2009	Strata Bank	MA	Middlesex Savings Bank
Jul 1, 2009	Two Rivers Bank & Trust	IA	Two Rivers Bank & Trust
Jun 30, 2009	Zions Municipal Funding, Inc.	UT	Zions Bancorporation
Jun 30, 2009	Diamond State Federal Credit Union	DE	Tidemark Federal Credit Union
Jun 30, 2009	Indiana Bellco Federal Credit Union	PA	I C Federal Credit Union
Jun 30, 2009	Hiawatha Bancshares, Inc.	WI	Lake Shore Wisconsin Corporation
Jun 30, 2009	Clare Bancorporation, Inc.	WI	Montfort Bancorporation, Inc.
Jun 30, 2009	Bainbridge Securities, Inc	PA	The PNC Financial Services Group, Inc.
Jun 29, 2009	Cmar Credit Union	GA	Ithink Financial Credit Union
Jun 27, 2009	Merchants Bank, National Association	MN	Merchants Bank, N.A.
Jun 27, 2009	Timberland Bank	AR	Uplift Bank
Jun 27, 2009	Marine Bank	WI	Cibm Bank
Jun 27, 2009	Merchants Bank, N.A.	MN	Merchants Bank, N.A.
Jun 24, 2009	First Gilmer (Delaware) Holdings, Ltd.	DE	First Gilmer Bankshares, Inc.
Jun 20, 2009	Twin City Bank	AR	Centennial Bank
Jun 20, 2009	Centennial Bank	AR	Centennial Bank
Jun 18, 2009	First National Bank at Marianna	AR	The Farmers & Merchants Bank
Jun 16, 2009	Bosque Delaware Financial Corporation	DE	Bosque Bancshares, Inc.
Jun 16, 2009	Live Oak Bancshares Corporation of Delaware	DE	Live Oak Bancshares Corporation
Jun 15, 2009	Norwood School Employees Federal Credit Union	MA	Arise Federal Credit Union
Jun 14, 2009	KC Councils Federal Credit Union	MD	Money One Federal Credit Union
Jun 13, 2009	SBT Bancshares of Delaware, Inc.	DE	SBT Bancshares, Inc.

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

Enforcement Actions in 2009

Action date	Agency	Institution	Action
Aug 21, 2009	OCC_OTS	Partners Bank	Cease and Desist: Partners Financial Group
Aug 21, 2009	OCC_OTS	Partners Savings Bank	Cease and Desist: Partners Savings Bank
Aug 20, 2009 Released Aug 25, 2009	FRB	Virginia Business Bank	Written Agreement: Virginia Business Bank, Richmond, Virginia
Aug 20, 2009 Released Sep 8, 2009	FRB	Metro Financial Services, Inc.	Written Agreement: Metro Bank Financial Services, Inc., Miami, Florida; Metro Bank of Dade County, …
Aug 20, 2009	OCC	City National Bank	Prohibition/Removal Orders: Kelsay, Melissa
Aug 20, 2009	OCC	The First National Bank of Stratton	Civil Money Penalty (CMP): Hase, Eugene L.
Aug 20, 2009	OCC_OTS	Savings Bank of Maine, MHC	Cease and Desist: Savings Bank of Maine, MHC
Aug 20, 2009	OCC_OTS	(individual)	Cease and Desist: Savings Bank of Maine Bancorp
Aug 20, 2009	OCC_OTS	Savings Bank of Maine	Cease and Desist: Savings Bank of Maine
Aug 19, 2009	OCC_OTS	Guaranty Bank	Prompt Corrective Action: Guaranty Bank
Aug 18, 2009	OCC	Pacific Coast National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Pacific Coast National Bank
Aug 18, 2009	OCC_OTS	Home Loan & Investment Association	Cease and Desist: Home Loan Investment Bank, F.S.B.
Aug 18, 2009	OCC	Shoreham Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Home Loan Investment Bank, F.S.B.
Aug 18, 2009	OCC	1st National Bank	Civil Money Penalty (CMP): 1st National Bank
Aug 18, 2009	OCC_OTS	Woodlands Financial, LLC	Cease and Desist: Woodlands Financial, LLC
Aug 18, 2009 Released Aug 27, 2009	FRB	Legacytexas Group, Inc.	Written Agreement: LegacyTexas Group, Inc., Plano, Texas; LegacyTexas Bank, Plano, Texas
Aug 17, 2009	FRB	RBC Centura Bank	Section 19 Letters: Joseph Franklin Wright, Jr.
Aug 17, 2009	OCC_OTS	First Home Savings Bank	Cease and Desist: First Home Savings Bank
Aug 17, 2009	OCC_OTS	First Bancshares, Inc.	Cease and Desist: First Bancshares, Inc.
Aug 17, 2009	FRB	RBC Centura Bank	Section 19 Letters: Anne M. Smith
Aug 17, 2009	OCC	American Bank and Trust Company, N.A.	Formal Agreement: American Bank and Trust Company, National Association
Aug 17, 2009	OCC_OTS	Dwelling House Savings and Loan Association	Civil Money Penalty: Robert Lavelle
Aug 14, 2009	OCC	Chinatown Federal Savings Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Chinatown Federal Savings Bank
Aug 14, 2009	OCC_OTS	Chinatown Federal Savings Bank	Cease and Desist: Chinatown Federal Savings Bank
Aug 13, 2009	OCC_OTS	Brittany Savings Corporation	Cease and Desist: Brittany Savings Corporation
Aug 12, 2009 Released Aug 13, 2009	FRB	CIT Group Inc.	Written Agreement: CIT Group Inc., New York, New York
Aug 12, 2009 Released Aug 18, 2009	FRB	Leawood Bancshares, Inc.	Written Agreement: Leawood Bancshares, Inc., Leawood, Kansas
Aug 12, 2009	OCC	First Suburban National Bank	Capital Directive: First Suburban National Bank
Aug 11, 2009	OCC_OTS	Dwelling House Savings and Loan Association	Civil Money Penalty: Johnnie Monroe
Aug 11, 2009	OCC_OTS	Dwelling House Savings and Loan Association	Civil Money Penalty: David W. Lendt
Aug 11, 2009	OCC_OTS	Century Banks, Inc.	Cease and Desist: Century Bank
Aug 11, 2009	OCC_OTS	Dwelling House Savings and Loan Association	Civil Money Penalty: Everett Blanton
Aug 10, 2009 Released Aug 18, 2009	FRB	WGNB Corp.	Written Agreement: WGNB Corp., Carrollton, Georgia
Aug 10, 2009 Released Aug 13, 2009	FRB	CBS Financial Corporation	Written Agreement: CBS Financial Corporation, Smyrna, Georgia
Aug 10, 2009 Released Aug 20, 2009	FRB	Coastal Community Investments, Inc.	Written Agreement: Coastal Community Investments, Inc., Panama City Beach, Florida
Aug 10, 2009	OCC	MetroBank, National Association	Formal Agreement: Metrobank, National Association
Aug 7, 2009	OCC_OTS	Dwelling House Savings and Loan Association	Civil Money Penalty: Richard A. Thornton
Aug 7, 2009	OCC_OTS	Dwelling House Savings and Loan Association	Civil Money Penalty: Robert M. Lavelle
Aug 7, 2009	OCC_OTS	Brookline Bank	Termination of Cease and Desist: Brookline Bank and its subsidiaries, including Eastern Funding LLC
Aug 7, 2009	OCC_OTS	Massena Savings and Loan	Termination of Cease and Desist: Massena Savings and Loan
Aug 7, 2009 Released Aug 13, 2009	FRB	Arizona Bancshares, Inc.	Written Agreement: Arizona Bancshares, Inc., Flagstaff, Arizona
Aug 7, 2009	OCC_OTS	Dwelling House Savings and Loan Association	Civil Money Penalty: Barry Balliet
Aug 7, 2009	OCC_OTS	(individual)	Cease and Desist: Security Savings Bank, FSB
Aug 6, 2009 Released Aug 19, 2009	FRB	Rogers Bancshares, Inc.	Written Agreement: Rogers Bancshares, Inc., Little Rock, Arkansas
Aug 5, 2009	OCC	Bank of America, N.A.	Prohibition/Removal Orders: Wilmore, Tijaunia A.
Aug 5, 2009 Released Aug 11, 2009	FRB	Camco Financial Corporation	Written Agreement: Camco Financial Corporation, Cambridge, Ohio
Aug 5, 2009 Released Sep 3, 2009	FRB	Nebraska Bankers' Bank	Written Agreement: Nebraska Bankers' Bank, Lincoln, Nebraska
Aug 4, 2009	OCC	Sterling Bank and Trust, FSB	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Sterling Bank and Trust, FSB
Aug 4, 2009	OCC_OTS	Sterling Bancorp, Inc.	Cease and Desist: Sterling Bank & Trust, FSB
Aug 4, 2009	OCC	Grand Bancorp, Inc.	Formal Agreement: Grand Bank, National Association

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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