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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
Jul 1, 2009 P C Glassworkers Credit Union MO Central Missouri Community Credit Union
Jul 1, 2009 Fargo Forum Federal Credit Union ND Town & Country Credit Union
Jul 1, 2009 FirstBank Florida FL FirstBank Puerto Rico
Jul 1, 2009 Wiscor Credit Union WI Landmark Credit Union
Jul 1, 2009 First State Bank IA Glenwood State Bank
Jul 1, 2009 Sun Country Credit Union AZ Credit Union West
Jul 1, 2009 Four-Sixteen Federal Credit Union NJ Motion Federal Credit Union
Jul 1, 2009 Jeffco Schools Credit Union CO Westerra Credit Union
Jul 1, 2009 Jefferson-Pilot Communications Federal Credit Union NC Truliant Federal Credit Union
Jul 1, 2009 Franklin Electric Employees Federal Credit Union AR Uark Federal Credit Union
Jul 1, 2009 Foothills Credit Union NC Nova Credit Union
Jul 1, 2009 Financial 21 Community Credit Union CA California Coast Credit Union
Jul 1, 2009 Banesto Factoring, S.A. Establecimiento Financiero De Credito — Banco Espanol De Credito, S.A.
Jul 1, 2009 Ponce General Corporation FL FirstBank Puerto Rico
Jul 1, 2009 City of Hope Federal Credit Union GA Peach State Federal Credit Union
Jul 1, 2009 MWB Nevada, Inc. NV Mineral Wells Bancshares, Inc.
Jul 1, 2009 The PrivateBank MO CIBC Bank USA
Jul 1, 2009 Service Bancorp, Inc. MA Middlesex Bancorp MHC
Jul 1, 2009 Hindman Bancshares, Inc. KY Community Exchange Bancshares Inc.
Jul 1, 2009 Service Bancorp, MHC MA Middlesex Bancorp MHC
Jul 1, 2009 Constar Credit Union GA Pinnacle Credit Union
Jul 1, 2009 Alisos Credit Union CA Camino Federal Credit Union
Jul 1, 2009 Merrill Lynch Bank USA UT Bank of America, N.A.
Jul 1, 2009 Lifetime Credit Union WI Landmark Credit Union
Jul 1, 2009 Tabor Enterprises, Inc. IA Glenwood Bancorporation
Jul 1, 2009 SCC Resources, Inc. OH Civista Bank
Jul 1, 2009 American River Healthpro Credit Union CA S a F E Credit Union
Jul 1, 2009 Daco Federal Credit Union KY Green River Area Federal Credit Union
Jul 1, 2009 Strata Bank MA Middlesex Savings Bank
Jul 1, 2009 Two Rivers Bank & Trust IA Two Rivers Bank & Trust
Jun 30, 2009 Zions Municipal Funding, Inc. UT Zions Bancorporation
Jun 30, 2009 Diamond State Federal Credit Union DE Tidemark Federal Credit Union
Jun 30, 2009 Indiana Bellco Federal Credit Union PA I C Federal Credit Union
Jun 30, 2009 Hiawatha Bancshares, Inc. WI Lake Shore Wisconsin Corporation
Jun 30, 2009 Clare Bancorporation, Inc. WI Montfort Bancorporation, Inc.
Jun 30, 2009 Bainbridge Securities, Inc PA The PNC Financial Services Group, Inc.
Jun 29, 2009 Cmar Credit Union GA Ithink Financial Credit Union
Jun 27, 2009 Merchants Bank, National Association MN Merchants Bank, N.A.
Jun 27, 2009 Timberland Bank AR Uplift Bank
Jun 27, 2009 Marine Bank WI Cibm Bank
Jun 27, 2009 Merchants Bank, N.A. MN Merchants Bank, N.A.
Jun 24, 2009 First Gilmer (Delaware) Holdings, Ltd. DE First Gilmer Bankshares, Inc.
Jun 20, 2009 Twin City Bank AR Centennial Bank
Jun 20, 2009 Centennial Bank AR Centennial Bank
Jun 18, 2009 First National Bank at Marianna AR The Farmers & Merchants Bank
Jun 16, 2009 Bosque Delaware Financial Corporation DE Bosque Bancshares, Inc.
Jun 16, 2009 Live Oak Bancshares Corporation of Delaware DE Live Oak Bancshares Corporation
Jun 15, 2009 Norwood School Employees Federal Credit Union MA Arise Federal Credit Union
Jun 14, 2009 KC Councils Federal Credit Union MD Money One Federal Credit Union
Jun 13, 2009 SBT Bancshares of Delaware, Inc. DE SBT Bancshares, Inc.

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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