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 |
|---|---|---|
| Sep 11, 2009 | Brickwell Community Bank | $72.6M |
| Sep 4, 2009 | Vantus Bank | $503.6M |
| Sep 4, 2009 | Inbank | $209.8M |
| Sep 4, 2009 | Platinum Community Bank | $148.0M |
| Sep 4, 2009 | First State Bank | $107.2M |
| Sep 4, 2009 | First Bank of Kansas City | $15.7M |
| Aug 28, 2009 | Affinity Bank | $1.21B |
| Aug 28, 2009 | MainStreet Bank | $458.5M |
| Aug 28, 2009 | Bradford Bank | $451.9M |
| Aug 21, 2009 | Guaranty Bank | $13.46B |
| Aug 21, 2009 | Capitalsouth Bank | $586.6M |
| Aug 21, 2009 | First Coweta | $163.8M |
| Aug 21, 2009 | Ebank | $144.7M |
| Aug 14, 2009 | Colonial Bank | $25.46B |
| Aug 14, 2009 | Community Bank of Nevada | $1.40B |
| Aug 14, 2009 | Community Bank of Arizona | $158.5M |
| Aug 14, 2009 | Union Bank, N.A. | $119.5M |
| Aug 14, 2009 | Dwelling House Savings and Loan | $12.9M |
| Aug 7, 2009 | First State Bank | $447.7M |
| Aug 7, 2009 | Community First Bank | $199.5M |
| Aug 7, 2009 | Community National Bank of Sarasota County | $92.5M |
| Jul 31, 2009 | Mutual Bank | $1.60B |
| Jul 31, 2009 | Peoples Community Bank | $606.2M |
| Jul 31, 2009 | First Bankamericano | $163.4M |
| Jul 31, 2009 | Integrity Bank | $105.3M |
| Jul 31, 2009 | First State Bank of Altus | $90.9M |
| Jul 24, 2009 | Security Bank of Bibb County | $943.7M |
| Jul 24, 2009 | Security Bank of Jones County | $432.7M |
| Jul 24, 2009 | Security Bank of Houston County | $371.6M |
| Jul 24, 2009 | Security Bank of Gwinnett County | $259.2M |
| Jul 24, 2009 | Security Bank of North Fulton | $190.6M |
| Jul 24, 2009 | Security Bank of North Metro | $184.2M |
| Jul 24, 2009 | Waterford Village Bank | $55.7M |
| Jul 17, 2009 | Vineyard Bank, N.A. | $1.64B |
| Jul 17, 2009 | Temecula Valley Bank | $1.40B |
| Jul 17, 2009 | BankFirst | $210.8M |
| Jul 17, 2009 | First Piedmont Bank | $114.1M |
| Jul 10, 2009 | Bank of Wyoming | $70.2M |
| Jul 2, 2009 | Founders Bank | $889.2M |
| Jul 2, 2009 | The First National Bank of Danville | $148.2M |
| Jul 2, 2009 | Millennium State Bank of Texas | $118.6M |
| Jul 2, 2009 | Rock River Bank | $74.8M |
| Jul 2, 2009 | The John Warner Bank | $69.6M |
| Jul 2, 2009 | The Elizabeth State Bank | $55.0M |
| Jul 2, 2009 | The First State Bank of Winchester | $30.1M |
| Jun 26, 2009 | Mirae Bank | $480.6M |
| Jun 26, 2009 | Neighborhood Community Bank | $212.6M |
| Jun 26, 2009 | Community Bank of West Georgia | $201.2M |
| Jun 26, 2009 | Horizon Bank | $84.8M |
| Jun 26, 2009 | Metropacific Bank | $75.3M |
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 |
|---|---|---|
| Aug 31, 2009 | Dynamic Healthcare Employees Federal Credit Union | Centurion Federal Credit Union |
| Aug 31, 2009 | Free Choice Federal Credit Union | Trumark Credit Union |
| Aug 31, 2009 | First Security Credit Union | Landmark Credit Union |
| Aug 31, 2009 | Allco Credit Union | Landmark Credit Union |
| Aug 29, 2009 | Busey Bank, National Association | Busey Bank |
| Aug 29, 2009 | The First National Bank of Ekalaka | Summit National Bank |
| Aug 28, 2009 | SC Firefighters Federal Credit Union | CPM Federal Credit Union |
| Aug 27, 2009 | RBC Bank (Georgia) | RBC Bank (Georgia), N.A. |
| Aug 22, 2009 | PNC Bank, Delaware | PNC Bank, N.A. |
| Aug 22, 2009 | CB Bancorp, Inc. | Merchants Bancorp, Inc. |
| Aug 22, 2009 | The Citizens Bank of Higginsport, Ohio | Merchants National Bank |
| Aug 20, 2009 | Perryton Holdings, Inc. | Perryton Bancshares, Inc. |
| Aug 15, 2009 | The Peoples Bank of Elkton | The Columbia Bank |
| Aug 15, 2009 | Milton Investments, Inc. | Bank of Milton |
| Aug 14, 2009 | First Boulder Valley Bank | Madison Valley Bank |
| Aug 8, 2009 | Citizens State Bank | The Tilden Bank |
| Aug 8, 2009 | Castle Bank & Trust Company | ION Bank |
| Aug 8, 2009 | First Texas Bank | First Texas Bank |
| Aug 1, 2009 | First Platteville Investment Corporation | The First National Bank of Platteville |
| Aug 1, 2009 | TriStone Community Bank | First Community Bank |
| Aug 1, 2009 | Massbank Corp. | Eastern Bankshares Inc |
| Aug 1, 2009 | Cityside Federal Credit Union | Southland Credit Union |
| Aug 1, 2009 | Mutual Federal Credit Union | Glass City Federal Credit Union |
| Aug 1, 2009 | Ward Paper Company Employees Credit Union | Park City Credit Union |
| Aug 1, 2009 | Oregon Territory Federal Credit Union | Rivermark Community Credit Union |
| Aug 1, 2009 | Greater Warren Community Federal Credit Union | Associated School Employees Credit Union, Inc. |
| Aug 1, 2009 | Lynchburg Foundry Federal Credit Union | Beacon Credit Union Incorporated |
| Aug 1, 2009 | Mount Horeb Baptist Church Federal Credit Union | Library of Congress Federal Credit Union |
| Jul 30, 2009 | Chevy Chase Bank, Federal Savings Bank | Capital One, N.A. |
| Jul 28, 2009 | Unicorp Federal Credit Union | Everwise Credit Union |
| Jul 25, 2009 | Valley Bank Minnesota | Valley Bank |
| Jul 25, 2009 | Discovery Bank | Commercewest Bank |
| Jul 21, 2009 | Brenham National Holding Corporation | Brenham Bancshares, Inc. |
| Jul 20, 2009 | Southern Bank of Commerce | Southern Bank |
| Jul 18, 2009 | Citizens State Bank | Fidelity Bank & Trust |
| Jul 18, 2009 | EastBank | Franklin National Bank of Minneapolis |
| Jul 17, 2009 | Hocking Valley Credit Union, Inc. | Atomic Credit Union, Inc. |
| Jul 17, 2009 | Kabel Federal Credit Union | Oucu Financial Credit Union, Inc. |
| Jul 16, 2009 | Yamaha Employees Federal Credit Union | Center City Community Credit Union |
| Jul 16, 2009 | The Citizens State Bank of Pomona | Goppert State Service Bank |
| Jul 14, 2009 | Chevy Chase Preferred Capital Corporation | Chevy Chase Bank, Federal Savings Bank |
| Jul 11, 2009 | The State Bank of Lebo | The Farmers State Bank of Aliceville, Kansas |
| Jul 11, 2009 | Town & Country Bank | Town And Country Bank |
| Jul 7, 2009 | The First Bank, Roxton, Texas | Security Bank of Texas |
| Jul 7, 2009 | Roxton Corporation | First Bancshares of Texas, Inc. |
| Jul 6, 2009 | The Bank of New York Trust Company | BNY Mellon, N.A. |
| Jul 2, 2009 | Fort Worth Bancshares, Inc. | Southside Bancshares, Inc. |
| Jul 1, 2009 | Chatham Employees Credit Union | Members Credit Union |
| Jul 1, 2009 | Sutton State Bank | Astra Bank |
| Jul 1, 2009 | Local 542 District III O East Federal Credit Union | 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 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 | 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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