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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
Oct 1, 2009 Jackson County Federal Employees Credit Union MS Navigator Federal Credit Union
Oct 1, 2009 Monroe Area Federal Credit Union MI Monroe Community Credit Union
Oct 1, 2009 Telco Federal Credit Union NY Empower Federal Credit Union
Oct 1, 2009 Berks Community Federal Credit Union PA Bellco Federal Credit Union
Oct 1, 2009 Warren-Niles Republic Employees Federal Credit Union OH Edison Financial Credit Union, Incorporated
Oct 1, 2009 Okc Thrift Federal Credit Union OK Oklahoma's Federal Credit Union
Oct 1, 2009 GPC Credit Association GA Georgia's Own Credit Union
Oct 1, 2009 Merchants Trust Company VT Merchants Bank
Oct 1, 2009 E1 Financial Credit Union CA Nuvision Federal Credit Union
Oct 1, 2009 Atlas Empl Federal Credit Union LA Bossier Federal Credit Union
Oct 1, 2009 Community First Bank IN First Savings Bank
Sep 30, 2009 Horizon Trust and Investment Management, N.A. IN Horizon Bank
Sep 30, 2009 Fifth Third Bank, National Association TN Fifth Third Bank, N.A.
Sep 30, 2009 Fifth Third Bank MI Fifth Third Bank, N.A.
Sep 30, 2009 Spirit of Saint Louis Credit Union MO Vantage Credit Union
Sep 30, 2009 U.S. First Credit Union CA The Golden 1 Credit Union
Sep 30, 2009 National City Business Credit, Inc. OH National City Bank
Sep 29, 2009 Oakland Deposit Bank TN The Farmers Bank of Lynchburg
Sep 29, 2009 WNB Financial Corp. DE WNB Bancshares, Inc.
Sep 26, 2009 The First Western Bank Sturgis SD First Interstate Bank
Sep 26, 2009 First Western Bank SD First Interstate Bank
Sep 26, 2009 Lafayette Bank and Trust Company, National Association IN First Merchants Bank
Sep 26, 2009 Commerce Bank of Wyoming, N.A. WY Nebraskaland Bank
Sep 26, 2009 The Bank of Venice FL TIB Bank
Sep 26, 2009 Guaranty Financial Services, Inc. WV First Sentry Bancshares, Inc.
Sep 26, 2009 Guaranty Bank & Trust Company WV First Sentry Bank, Inc.
Sep 26, 2009 Commerce National Bank OH First Merchants Bank
Sep 26, 2009 First National Building Corporation PA First National Bank of Pennsylvania
Sep 26, 2009 First Merchants Bank of Central Indiana, National Association IN First Merchants Bank
Sep 25, 2009 Texas First Bank - Winnie TX Texas First Bank
Sep 23, 2009 Zmfu, Inc. UT Zions Bancorporation
Sep 19, 2009 Yuma Community Bank AZ The Foothills Bank
Sep 18, 2009 Fico, Inc. NE First State Holding Co.
Sep 18, 2009 Filley Bank NE First State Bank Nebraska
Sep 15, 2009 B & O Employees Credit Union IL Land of Lincoln Credit Union
Sep 12, 2009 Hagerstown Trust Company MD The Columbia Bank
Sep 11, 2009 Central Bank of the South AL BBVA USA
Sep 11, 2009 BBVA Bancomer USA CA BBVA USA
Sep 5, 2009 Vertagreen Credit Union AL Valley Credit Union
Sep 2, 2009 Rio Delaware Corporation DE Rio Financial Services, Inc.
Sep 1, 2009 Bankers Trust Company, National Association AZ Bankers Trust Company
Sep 1, 2009 Bank of Gower MO The Union State Bank of Everest
Sep 1, 2009 Kerr Employees Credit Union MI Public Service Credit Union
Sep 1, 2009 Mount Sinai Federal Credit Union FL Peoples Credit Union
Sep 1, 2009 Costa Mesa Federal Credit Union CA Nuvision Federal Credit Union
Sep 1, 2009 Service Plus Credit Union CA Schoolsfirst Federal Credit Union
Sep 1, 2009 Milepost Credit Union WA Sound Credit Union
Sep 1, 2009 Cma Credit Union AL Southern Energy Credit Union
Sep 1, 2009 JN Pease Employees Credit Union NC Greater Piedmont Credit Union
Sep 1, 2009 Hickory Printing Group Savings Plan Credit Union NC Summit 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

Browse adjacent years: 2008 · 2010

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