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
Nov 1, 2009	Leavenworth Teachers & Community Credit Union	KS	MainStreet Federal Credit Union
Nov 1, 2009	Sweetheart Federal Credit Union	TX	Aafes Federal Credit Union
Oct 31, 2009	Walpole Municipal Employees Credit Union	MA	Arise Federal Credit Union
Oct 31, 2009	TCF National Bank Arizona	AZ	TCF National Bank
Oct 31, 2009	Beverly National Corporation	MA	Danvers Bancorp, Inc.
Oct 31, 2009	Crosby State Bank	TX	CommunityBank of Texas, N.A.
Oct 31, 2009	Newark-Delaware City Employees Federal Credit Union	DE	Louviers Federal Credit Union
Oct 31, 2009	First State Bank	TN	The Farmers Bank of Lynchburg
Oct 31, 2009	New England United Methodist Federal Credit Union	ME	Interfaith Federal Credit Union
Oct 31, 2009	Electrical Workers 442 Federal Credit Union	CA	Operating Engineers Local Union #3 Federal Credit Union
Oct 31, 2009	Yorkco School Employees Credit Union	PA	White Rose Credit Union
Oct 30, 2009	LGF Bancshares, Inc.	DE	First La Grange Bancshares, Inc.
Oct 30, 2009	First Community Bancshares, Inc.	DE	Coastal Bend Bancshares, Inc.
Oct 30, 2009	Spirit of America National Bank	OH	Comenity Bank
Oct 24, 2009	Keystone State Savings Bank	PA	Northwest Bank
Oct 24, 2009	United Security Financial Corporation	IA	Ohnward Bank & Trust
Oct 24, 2009	United Security Savings Bank, FSB	IA	Ohnward Bank & Trust
Oct 19, 2009	First Delta Bankshares, Inc.	AR	Uplift Financial Development Corporation
Oct 17, 2009	Northern National Bank	MN	Frandsen Bank & Trust
Oct 17, 2009	Community Bank of the Red River Valley	MN	Frandsen Bank & Trust
Oct 17, 2009	Healthcare Bancorp, Inc.	OK	Cache Holdings, Inc.
Oct 17, 2009	Merchants and Farmers Bank of Comer, Georgia	GA	First Citizens Bank and Trust Company, Inc.
Oct 16, 2009	Preferred Blocker Inc.	MI	Ally Financial Inc.
Oct 16, 2009	Huntington Bancshares of Delaware, Inc.	DE	Ubank Holdings, Inc.
Oct 15, 2009	Carolina Commerce Bank	NC	Carolina Trust Bank
Oct 10, 2009	New Vienna Savings Bank	IA	Citizens State Bank
Oct 8, 2009	First Jacksboro Bancshares of Delaware, Inc.	DE	Highlands Bancshares, Inc.
Oct 5, 2009	The First National Bank of Canadian	TX	Happy State Bank
Oct 3, 2009	First State Bank of Beardstown, Illinois	IL	West Central Bank
Oct 2, 2009	Clarke Community Federal Credit Union	GA	Peach State Federal Credit Union
Oct 2, 2009	First Company	WY	Glacier Bancorp, Inc.
Oct 1, 2009	Anderson SC County Educators Federal Credit Union	SC	S.C. State Federal Credit Union
Oct 1, 2009	FREEDOM21 Federal Credit Union	TN	Southern Security Federal Credit Union
Oct 1, 2009	Harbourside Community Bank, National Association	SC	The Savannah Bank, National Association
Oct 1, 2009	Burton Holdings, Inc.	DE	Burton Bancshares, Inc.
Oct 1, 2009	First Louisiana Bancshares, Inc.	LA	Origin Bancorp, Inc.
Oct 1, 2009	New Hope Community Development Federal Credit Union	AL	Avadian Credit Union
Oct 1, 2009	JPMorgan Mezzanine Corporation	IL	JPMorgan Chase & Co.
Oct 1, 2009	Teachers Credit Union of Warren County	IL	I. H. Mississippi Valley Credit Union
Oct 1, 2009	K of C 3197 Federal Credit Union	NJ	Central Jersey Federal Credit Union
Oct 1, 2009	Dallas City Packing Federal Credit Union	TX	Texas Telcom Credit Union
Oct 1, 2009	Motor Club of America Federal Credit Union	NJ	Bethex Federal Credit Union
Oct 1, 2009	Landmark Communications Employees Credit Union	VA	Norfolk Virginia Postal Credit Union
Oct 1, 2009	L and N and C and E I Credit Union	IL	First Illinois Credit Union
Oct 1, 2009	Missouri Health Family Credit Union	MO	Multipli Federal Credit Union
Oct 1, 2009	Winnetka Municipal Employees Credit Union	IL	New Trier Federal Credit Union
Oct 1, 2009	First Insurance Federal Credit Union	HI	Aloha Pacific Federal Credit Union
Oct 1, 2009	Replacement Parts Employees Federal Credit Union	AR	Arkansas Employees Federal Credit Union
Oct 1, 2009	Sunflower Credit Union	KS	Mid American Credit Union
Oct 1, 2009	Kenton Federal Credit Union	NY	The Summit Federal 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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