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
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 3, 2009	OCC	Independence Federal Savings Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Independence Federal Savings Bank
Aug 3, 2009	OCC_OTS	Independence Federal Savings Bank	Cease and Desist: Independence Federal Savings Bank
Jul 31, 2009	FRB	(individual)	Section 19 Letters: Mark T. Turkcan
Jul 31, 2009	FRB	Twin City Bank	Section 19 Letters: Brent D. Geels
Jul 31, 2009	OCC_OTS	(individual)	Cease and Desist: First Federal Bancshares, Inc.
Jul 31, 2009	OCC_OTS	Vantus Bank	Cease and Desist: Vantus Bank
Jul 31, 2009	FRB	(individual)	Section 19 Letters: Edna I. Ramirez
Jul 31, 2009	FRB	Arvest Bank	Section 19 Letters: Maria G. Pedroza
Jul 29, 2009	OCC	Hometown National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Hometown National Bank
Jul 28, 2009	OCC_OTS	Heartland Bank	Orders of Removal/Prohibition: Samuel C. Luten
Jul 28, 2009 Released Aug 3, 2009	FRB	Warren Bank	Prompt Corrective Action: Warren Bank, Warren, Michigan
Jul 28, 2009 Released Aug 4, 2009	FRB	FCB Financial, Inc.	Written Agreement: FCB Financial, Inc., Tampa, Florida
Jul 28, 2009 Released Aug 4, 2009	FRB	Imperial Capital Bancorp, Inc	Written Agreement: Imperial Capital Bancorp, Inc., La Jolla, California
Jul 28, 2009 Released Aug 6, 2009	FRB	Sterling Banks Inc	Written Agreement: Sterling Banks, Inc., Mount Laurel, New Jersey; Sterling Bank, Mount Laurel, New …
Jul 28, 2009	OCC_OTS	Evergreen Federal Bank	Orders of Removal/Prohibition: Lesley D. Beed
Jul 28, 2009	OCC_OTS	Riverview Community Bank	Orders of Removal/Prohibition: Sheri L. Crumpacker
Jul 27, 2009 Released Jul 30, 2009	FRB	Middleburg Trust Company	Prohibition from Banking: Ronnie A. Jenkins
Jul 27, 2009	OCC	Connecticut Community Bank, N.A.	Formal Agreement: Connecticut Community Bank, National Association
Jul 24, 2009	OCC_OTS	Bradford Bank	Prompt Corrective Action: Bradford Bank
Jul 24, 2009 Released Jul 30, 2009	FRB	Buckeye Bancshares, Inc.	Written Agreement: Buckeye Bancshares, Inc., Lorain, Ohio; Buckeye Community Bank, Lorain, Ohio
Jul 24, 2009	OCC_OTS	Irwin Union Bank and Trust Company	Cease and Desist: Irwin Union Bank, F.S.B.
Jul 23, 2009	OCC	Metropolitan National Bank Mortgage Company LLC	Formal Agreement: Metropolitan National Bank
Jul 23, 2009	OCC	First National Bank	Formal Agreement: First National Bank
Jul 23, 2009	OCC_OTS	Guardian Trust Company, FSB	Cease and Desist: Guardian Trust Company, FSB
Jul 22, 2009	OCC_OTS	The Bank of Greene County	Supervisory Agreement: Bank of Greene County
Jul 22, 2009 Released Jul 29, 2009	FRB	(individual)	Written Agreement: Sunrise Bank, Cocoa Beach, Florida
Jul 22, 2009 Released Jul 30, 2009	FRB	American Bancorporation	Written Agreement: American Bancorporation, Saint Paul, Minnesota; American Bank of Saint Paul, Saint Paul, …
Jul 22, 2009 Released Jul 27, 2009	FRB	The Colonial Bancgroup, Inc.	Cease and Desist Order: The Colonial BancGroup, Inc., Montgomery, Alabama
Jul 21, 2009	OCC_OTS	Harrington Bank, FSB	Supervisory Agreement: Harrington Bank, FSB
Jul 21, 2009 Released Jul 23, 2009	FRB	Bank of Elmwood	Prompt Corrective Action: Bank of Elmwood, Racine, Wisconsin
Jul 20, 2009 Released Jul 23, 2009	FRB	Crescent Banking Company	Written Agreement: Crescent Banking Company, Jasper, Georgia
Jul 20, 2009 Released Jul 27, 2009	FRB	Centennial Bankshares, Inc.	Written Agreement: Centennial Bankshares, Inc., Ogden, Utah
Jul 16, 2009	OCC_OTS	Woodlands Bank	Cease and Desist: Woodlands Bank
Jul 16, 2009 Released Jul 22, 2009	FRB	First Flo Corporation	Written Agreement: First Flo Corporation, Florence, Colorado
Jul 15, 2009	OCC	Western National Bank	Formal Agreement: Western National Bank
Jul 14, 2009	OCC	First Bank Elk River	Formal Agreement: The First National Bank of Elk River
Jul 14, 2009 Released Jul 20, 2009	FRB	Pab Bankshares, Inc.	Written Agreement: PAB Bankshares, Inc., Valdosta, Georgia; The Park Avenue Bank, Valdosta, Georgia
Jul 14, 2009 Released Jul 20, 2009	FRB	North Georgia Bancorp, Inc.	Written Agreement: North Georgia Bancorp, Inc., Watkinsville, Georgia
Jul 10, 2009	OCC	First National Bank of Kansas	Formal Agreement: First National Bank of Kansas
Jul 9, 2009	OCC	Millennium Bcpbank, N.A.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Millennium BCP Bank, National Association
Jul 9, 2009 Released Jul 14, 2009	FRB	Profinium Financial Holdings, Inc.	Written Agreement: Profinium Financial Holdings, Inc., Fairmont, Minnesota; Profinium Financial, Inc., Truman, Minnesota
Jul 8, 2009	OCC_OTS	USAA Federal Savings Bank	Orders of Removal/Prohibition: Cassie N. Ballard
Jul 8, 2009	OCC_OTS	USAA Federal Savings Bank	Orders of Removal/Prohibition: Kirsten J. Carey
Jul 8, 2009 Released Jul 28, 2009	FRB	Bank Hapoalim B.M.	Written Agreement: Bank Hapoalim, B.M., Tel Aviv, Israel; Bank Hapoalim, B.M., Miami Branch, Aventura, …
Jul 7, 2009	OCC	First National Bank of Central Florida	Formal Agreement: First National Bank of Central Florida
Jul 7, 2009	FRB	Western Security Holding Co., Ltd.	Section 19 Letters: Sally Ann Nutting
Jul 6, 2009	OCC_OTS	Ridge Farm State Bank	Orders of Removal/Prohibition: Kent S. Garrett
Jul 6, 2009	OCC_OTS	Klamath First Federal Savings and Loan Association	Orders of Removal/Prohibition: Julia A. Hutchison
Jul 2, 2009 Released Jul 7, 2009	FRB	Frontier Financial Corporation	Written Agreement: Frontier Financial Corporation, Everett, Washington
Jul 2, 2009	OCC_OTS	First Marblehead Corporation	Supervisory Agreement: First Marblehead Corporation

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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