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 | Assets |
|---|---|---|
| Jun 19, 2009 | Cooperative Bank | $966.8M |
| Jun 19, 2009 | Southern Community Bank | $371.7M |
| Jun 19, 2009 | First National Bank of Anthony | $157.0M |
| Jun 5, 2009 | Bank of Lincolnwood | $212.7M |
| May 22, 2009 | Strategic Capital Bank | $546.6M |
| May 22, 2009 | Citizens National Bank | $438.6M |
| May 21, 2009 | BankUnited, FSB | $13.11B |
| May 8, 2009 | Westsound Bank | $334.6M |
| May 1, 2009 | Silverton Bank, N.A. | $4.16B |
| May 1, 2009 | America West Bank | $281.6M |
| May 1, 2009 | Citizens Community Bank | $40.7M |
| Apr 24, 2009 | First Bank of Beverly Hills | $1.26B |
| Apr 24, 2009 | First Bank of Idaho, FSB | $490.7M |
| Apr 24, 2009 | Michigan Heritage Bank | $167.7M |
| Apr 24, 2009 | American Southern Bank | $106.0M |
| Apr 17, 2009 | Great Basin Bank of Nevada | $238.9M |
| Apr 17, 2009 | American Sterling Bank | $166.5M |
| Apr 10, 2009 | New Frontier Bank | $1.77B |
| Apr 10, 2009 | Cape Fear Bank | $492.4M |
| Mar 27, 2009 | Omni National Bank | $979.6M |
| Mar 20, 2009 | Teambank, N.A. | $669.8M |
| Mar 20, 2009 | Firstcity Bank | $285.0M |
| Mar 20, 2009 | Colorado National Bank | $123.5M |
| Mar 6, 2009 | Freedom Bank of Georgia | $172.5M |
| Feb 27, 2009 | Security Savings Bank | $238.3M |
| Feb 27, 2009 | Heritage Community Bank | $235.2M |
| Feb 20, 2009 | Silver Falls Bank | $134.2M |
| Feb 13, 2009 | Riverside Bank of the Gulf Coast | $523.7M |
| Feb 13, 2009 | Corn Belt Bank and Trust Company | $260.2M |
| Feb 13, 2009 | Sherman County Bank | $135.4M |
| Feb 13, 2009 | Pinnacle Bank | $71.9M |
| Feb 6, 2009 | County Bank | $1.71B |
| Feb 6, 2009 | Alliance Bank | $1.11B |
| Feb 6, 2009 | FirstBank Financial Services | $317.2M |
| Jan 30, 2009 | Suburban Federal Savings Bank | $347.4M |
| Jan 30, 2009 | Magnet Bank | $300.7M |
| Jan 30, 2009 | Ocala National Bank | $219.4M |
| Jan 23, 2009 | 1st Centennial Bank | $798.0M |
| Jan 16, 2009 | Bank of Clark County | $441.1M |
| Jan 16, 2009 | National Bank of Commerce | $419.7M |
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 | Acquirer |
|---|---|---|
| Apr 1, 2009 | J P C Employees Credit Union | U.S. Employees Credit Union |
| Apr 1, 2009 | Statesman Federal Credit Union | Les Bois Credit Union |
| Apr 1, 2009 | Cavalier Federal Credit Union | Associated School Employees Credit Union, Inc. |
| Apr 1, 2009 | Sacramento County Grange Federal Credit Union | Big Valley Federal Credit Union |
| Apr 1, 2009 | Bayway P D C P C Federal Credit Union | Elizabeth, NJ Firemen's Federal Credit Union |
| Apr 1, 2009 | Old Forge Bank | Penn Security Bank and Trust Company |
| Apr 1, 2009 | H. R. C. Employees Federal Credit Union | PPG & Associates Federal Credit Union |
| Mar 31, 2009 | Oakland Commerce Bank | Talmer West Bank |
| Mar 31, 2009 | Graystone Financial Corp | Tower Bancorp Inc. |
| Mar 31, 2009 | Florida Bank of Jacksonville | Florida Bank |
| Mar 31, 2009 | The Bank of Tallahassee | Florida Bank |
| Mar 31, 2009 | Detroit Commerce Bank | Talmer West Bank |
| Mar 31, 2009 | Community Bank, National Association | Community Bank, North Mississippi |
| Mar 31, 2009 | Kent Commerce Bank | Talmer West Bank |
| Mar 31, 2009 | Muskegon Commerce Bank | Talmer West Bank |
| Mar 31, 2009 | Brighton Commerce Bank | Talmer West Bank |
| Mar 31, 2009 | Macomb Community Bank | Talmer West Bank |
| Mar 31, 2009 | The First National Bank of Greencastle | Graystone Tower Bank |
| Mar 31, 2009 | Grand Haven Bank | Talmer West Bank |
| Mar 31, 2009 | L M P Federal Credit Union | Transit Workers Federal Credit Union |
| Mar 31, 2009 | Portage Commerce Bank | Talmer West Bank |
| Mar 31, 2009 | AB&T National Bank | AB&T |
| Mar 31, 2009 | Fort Snelling Federal Credit Union | Hiway Credit Union |
| Mar 31, 2009 | Congoleum Industries Federal Credit Union | Hamilton Horizons Federal Credit Union |
| Mar 27, 2009 | Huntsville Holdings, Inc. | Sam Houston Financial Corp. |
| Mar 26, 2009 | TBH Nevada Corporation | Henderson Texas Bancshares, Inc. |
| Mar 21, 2009 | Dakota Heritage Bank | Dakota Heritage Bank |
| Mar 21, 2009 | Community Bank | Centennial Bank |
| Mar 21, 2009 | Bank of Mountain View | Centennial Bank |
| Mar 21, 2009 | State Bank of Tower | Queen City Federal Savings Bank |
| Mar 20, 2009 | Lake Street 'L' Federal Credit Union | North Side L Federal Credit Union |
| Mar 18, 2009 | Gunite Employees Credit Union | Generations Credit Union |
| Mar 16, 2009 | Inkom Cement Employees Credit Union | Connections Credit Union |
| Mar 14, 2009 | Sumter Bank and Trust Company | SB&T Bank |
| Mar 13, 2009 | Marsh Employees Federal Credit Union | Indiana Members Credit Union |
| Mar 13, 2009 | Tradition Bancshares of Delaware, Inc. | Tradition Bancshares, Inc. |
| Mar 11, 2009 | Waterloo Bancshares, Inc. | Midland States Bancorp, Inc. |
| Mar 7, 2009 | The State Bank of Viroqua | Baraboo State Bank |
| Mar 6, 2009 | First Community Bank East Texas, National Association | First Community Bank, N.A. |
| Mar 5, 2009 | Union Grove Baptist Church Federal Credit Union | Whitehall Credit Union |
| Mar 3, 2009 | Summit Credit Union | Altana Federal Credit Union |
| Mar 2, 2009 | Foundation Federal Credit Union | Jefferson Financial Federal Credit Union |
| Mar 2, 2009 | N F a N G Federal Credit Union | Niagara Falls a F Federal Credit Union |
| Mar 2, 2009 | Capcom Credit Union | Dfcu Financial |
| Mar 1, 2009 | Associated Blind of Oklahoma/Texas Federal Credit Union | Tinker Federal Credit Union |
| Mar 1, 2009 | Rossville Bank | Community National Bank |
| Mar 1, 2009 | Holmes Washington Credit Union | Community South Credit Union |
| Mar 1, 2009 | Reymet Community Federal Credit Union | Partners Financial Federal Credit Union |
| Mar 1, 2009 | Shreveport Cotton Belt Federal Credit Union | Bossier Federal Credit Union |
| Feb 28, 2009 | Popular Finance, Inc. | 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 |
|---|---|---|---|
| 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 | Assets |
|---|---|---|
| Jan 16, 2009 | Bank of America N.A. | $1.47T |
| Jan 16, 2009 | FIA Card Services N.A. | $159.64B |
| Jan 16, 2009 | Countrywide Bank FSB | $117.98B |
| Jan 16, 2009 | Merrill Lynch Bank USA | $61.81B |
| Jan 16, 2009 | Merrill Lynch Bank & Trust Co FSB | $37.99B |
| Jan 16, 2009 | Bank of America Rhode Island N.A. | $35.41B |
| Jan 16, 2009 | Bank of America California N.A. | $21.50B |
| Jan 16, 2009 | Bank of America Oregon N.A. | $11.53B |
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