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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
Aug 31, 2009 Dynamic Healthcare Employees Federal Credit Union IN Centurion Federal Credit Union
Aug 31, 2009 Free Choice Federal Credit Union PA Trumark Credit Union
Aug 31, 2009 First Security Credit Union WI Landmark Credit Union
Aug 31, 2009 Allco Credit Union WI Landmark Credit Union
Aug 29, 2009 Busey Bank, National Association FL Busey Bank
Aug 29, 2009 The First National Bank of Ekalaka MT Summit National Bank
Aug 28, 2009 SC Firefighters Federal Credit Union SC CPM Federal Credit Union
Aug 27, 2009 RBC Bank (Georgia) GA RBC Bank (Georgia), N.A.
Aug 22, 2009 PNC Bank, Delaware DE PNC Bank, N.A.
Aug 22, 2009 CB Bancorp, Inc. OH Merchants Bancorp, Inc.
Aug 22, 2009 The Citizens Bank of Higginsport, Ohio OH Merchants National Bank
Aug 20, 2009 Perryton Holdings, Inc. NV Perryton Bancshares, Inc.
Aug 15, 2009 The Peoples Bank of Elkton MD The Columbia Bank
Aug 15, 2009 Milton Investments, Inc. WI Bank of Milton
Aug 14, 2009 First Boulder Valley Bank MT Madison Valley Bank
Aug 8, 2009 Citizens State Bank NE The Tilden Bank
Aug 8, 2009 Castle Bank & Trust Company CT ION Bank
Aug 8, 2009 First Texas Bank TX First Texas Bank
Aug 1, 2009 First Platteville Investment Corporation NV The First National Bank of Platteville
Aug 1, 2009 TriStone Community Bank NC First Community Bank
Aug 1, 2009 Massbank Corp. DE Eastern Bankshares Inc
Aug 1, 2009 Cityside Federal Credit Union CA Southland Credit Union
Aug 1, 2009 Mutual Federal Credit Union OH Glass City Federal Credit Union
Aug 1, 2009 Ward Paper Company Employees Credit Union WI Park City Credit Union
Aug 1, 2009 Oregon Territory Federal Credit Union OR Rivermark Community Credit Union
Aug 1, 2009 Greater Warren Community Federal Credit Union OH Associated School Employees Credit Union, Inc.
Aug 1, 2009 Lynchburg Foundry Federal Credit Union VA Beacon Credit Union Incorporated
Aug 1, 2009 Mount Horeb Baptist Church Federal Credit Union DC Library of Congress Federal Credit Union
Jul 30, 2009 Chevy Chase Bank, Federal Savings Bank VA Capital One, N.A.
Jul 28, 2009 Unicorp Federal Credit Union IN Everwise Credit Union
Jul 25, 2009 Valley Bank Minnesota MN Valley Bank
Jul 25, 2009 Discovery Bank CA Commercewest Bank
Jul 21, 2009 Brenham National Holding Corporation NV Brenham Bancshares, Inc.
Jul 20, 2009 Southern Bank of Commerce AR Southern Bank
Jul 18, 2009 Citizens State Bank IA Fidelity Bank & Trust
Jul 18, 2009 EastBank MN Franklin National Bank of Minneapolis
Jul 17, 2009 Hocking Valley Credit Union, Inc. OH Atomic Credit Union, Inc.
Jul 17, 2009 Kabel Federal Credit Union OH Oucu Financial Credit Union, Inc.
Jul 16, 2009 Yamaha Employees Federal Credit Union CA Center City Community Credit Union
Jul 16, 2009 The Citizens State Bank of Pomona KS Goppert State Service Bank
Jul 14, 2009 Chevy Chase Preferred Capital Corporation MD Chevy Chase Bank, Federal Savings Bank
Jul 11, 2009 The State Bank of Lebo KS The Farmers State Bank of Aliceville, Kansas
Jul 11, 2009 Town & Country Bank IL Town And Country Bank
Jul 7, 2009 The First Bank, Roxton, Texas TX Security Bank of Texas
Jul 7, 2009 Roxton Corporation TX First Bancshares of Texas, Inc.
Jul 6, 2009 The Bank of New York Trust Company NY BNY Mellon, N.A.
Jul 2, 2009 Fort Worth Bancshares, Inc. TX Southside Bancshares, Inc.
Jul 1, 2009 Chatham Employees Credit Union NC Members Credit Union
Jul 1, 2009 Sutton State Bank NE Astra Bank
Jul 1, 2009 Local 542 District III O East Federal Credit Union PA Ufcw Community Federal 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

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