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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
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
Dec 31, 2009 OCC_OTS Coastal Bancorporation Inc. Supervisory Agreement: Coastal Bancorporation, Inc.
Dec 31, 2009 OCC_OTS MainStreet Savings Bank, FSB Prompt Corrective Action: MainStreet Savings Bank, FSB
Dec 31, 2009 OCC_OTS Coastal Bank Supervisory Agreement: Coastal Bank
Dec 30, 2009 FRB (individual) Prohibition from Banking: Andrew Lopez, Jr.
Dec 30, 2009
Released Jan 7, 2010		 FRB Prime Pacific Financial Services, Inc. Written Agreement: Prime Pacific Financial Services, Inc., Lynnwood, Washington
Dec 30, 2009 FRB (individual) Prohibition from Banking: Angela M. Leibrand-Pelaez
Dec 30, 2009 OCC_OTS Appalachian Community Bank Cease and Desist: Appalachian Community Bank, F.S.B.
Dec 29, 2009 OCC_OTS Superior Bank Orders of Removal/Prohibition: Janine Dickerson
Dec 29, 2009 OCC_OTS (individual) Orders of Removal/Prohibition: Anthony Brent Faithauer
Dec 29, 2009 OCC_OTS High Desert Bank Cease and Desist: High Desert Bank
Dec 29, 2009 OCC_OTS Tierone Bank Orders of Removal/Prohibition: Kristin M. Hoerle
Dec 29, 2009 OCC_OTS Sovereign Bancorp, Inc. Orders of Removal/Prohibition: Tatianna Vazquez
Dec 29, 2009 OCC_OTS People's United Financial, Inc. Orders of Removal/Prohibition: Tara Murray
Dec 29, 2009 OCC_OTS Sovereign Bancorp, Inc. Orders of Removal/Prohibition: Ravinder Rayat
Dec 29, 2009 OCC_OTS Bank Mutual Orders of Removal/Prohibition: Pamela J. Tamms-Klett
Dec 29, 2009 OCC_OTS Washington Mutual Bank Orders of Removal/Prohibition: Mikeeda R. Sansberry
Dec 29, 2009 OCC High Desert Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): High Desert Bank
Dec 28, 2009 OCC First Bank of Baldwin County Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of Baldwin County
Dec 24, 2009
Released Jan 6, 2010		 FRB (individual) Written Agreement: Sunshine Bancshares, Inc., Port Orange, Florida
Dec 24, 2009
Released Dec 31, 2009		 FRB Sterling Financial Corporation Written Agreement: Sterling Financial Corporation, Spokane, Washington
Dec 23, 2009 OCC Texas Republic Bank, N.A. Civil Money Penalty (CMP): Minton, Russ
Dec 22, 2009 OCC Wells Fargo Bank, N.A. Prohibition/Removal Orders: Mercado, Maria Y.
Dec 22, 2009 OCC_OTS Golden First Bank Termination of Cease and Desist: Golden First Bank
Dec 22, 2009 OCC_OTS Bayside Savings Bank Cease and Desist: Bayside Savigns Bank
Dec 22, 2009 OCC Eastside Commercial Bank, N.A. Capital Directive: Eastside Commercial Bank, National Association
Dec 22, 2009 OCC Capitol National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Capitol National Bank
Dec 22, 2009 OCC First National Bank of the South Civil Money Penalty (CMP): Hammond, Gaines W.
Dec 22, 2009 OCC First National Bank of the South Prohibition/Removal Orders: Hammond, Gaines W.
Dec 22, 2009 OCC First National Bank of Georgia Prompt Corrective Action (PCA) Directive: First National Bank of Georgia
Dec 22, 2009
Released Jan 6, 2010		 FRB Wakulla Bancorp Written Agreement: Wakulla Bancorp, Crawfordville, Florida
Dec 22, 2009
Released Jan 6, 2010		 FRB (individual) Written Agreement: First Cherokee Bancshares, Inc., Woodstock, Georgia
Dec 22, 2009
Released Jan 4, 2010		 FRB Sun American Bank Prompt Corrective Action: Sun American Bank, Boca Raton, Florida
Dec 22, 2009
Released Jan 11, 2010		 FRB Barnes Banking Company Prompt Corrective Action: Barnes Banking Company, Kaysville, Utah
Dec 18, 2009
Released Dec 24, 2009		 FRB Centrue Financial Corporation Written Agreement: Centrue Financial Corporation, Clayton, Missouri; Centrue Bank, Streator, Illinois
Dec 18, 2009 OCC Hana Bank USA, N.A. Formal Agreement: BNB Bank, National Association
Dec 18, 2009
Released Dec 22, 2009		 FRB West Coast Bancorp Written Agreement: West Coast Bancorp, Lake Oswego, Oregon
Dec 18, 2009
Released Jan 7, 2010		 FRB (individual) Written Agreement: Heritage Bancshares, Inc., Orange Park, Florida
Dec 18, 2009
Released Dec 30, 2009		 FRB Midwest Banc Holdings, Inc. Written Agreement: Midwest Banc Holdings, Inc., Melrose Park, Illinois; Midwest Bank and Trust Company, …
Dec 17, 2009 OCC Eagle Valley Bank, National Association Formal Agreement: Eagle Valley Bank, National Association
Dec 17, 2009 OCC_OTS Liberty Savings Bank, Federal Savings Bank Orders of Removal/Prohibition: Shannon L. Reilly
Dec 17, 2009
Released Dec 30, 2009		 FRB Johnson Holdings, Inc. Written Agreement: Johnson Holdings, Inc., Ramsey, Minnesota; East Central Holding Company, Inc., Ramsey, Minnesota
Dec 16, 2009 OCC_OTS Generations Bank Orders of Removal/Prohibition: Rebecca D. Post
Dec 16, 2009 OCC Farmers National Bank Formal Agreement: The Farmers National Bank of Prophetstown
Dec 16, 2009 OCC The National Bank of Waupun Formal Agreement: The National Bank of Waupun
Dec 16, 2009 OCC_OTS Domestic Credit Corp Civil Money Penalty: Domestic Bank
Dec 16, 2009 FRB Credit Suisse Ag Cease and Desist Order: CREDIT SUISSE AG Zurich, Switzerland
Dec 16, 2009 OCC Unity National Bank Capital Directive: Unity National Bank
Dec 15, 2009 OCC The First National Bank of Le Center Formal Agreement: The First National Bank of Le Center
Dec 15, 2009 OCC First National Bank of Wyoming Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of Wyoming
Dec 15, 2009
Released Dec 22, 2009		 FRB Canyon Bancorp Written Agreement: Canyon Bancorp, Palm Springs, California

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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