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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
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
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

Browse adjacent years: 2008 · 2010

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