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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
Aug 31, 2009 Dynamic Healthcare Employees Federal Credit Union IN Centurion Federal Credit Union
Aug 31, 2009 Free Choice Federal Credit Union PA Trumark Credit Union
Aug 31, 2009 First Security Credit Union WI Landmark Credit Union
Aug 31, 2009 Allco Credit Union WI Landmark Credit Union
Aug 29, 2009 Busey Bank, National Association FL Busey Bank
Aug 29, 2009 The First National Bank of Ekalaka MT Summit National Bank
Aug 28, 2009 SC Firefighters Federal Credit Union SC CPM Federal Credit Union
Aug 27, 2009 RBC Bank (Georgia) GA RBC Bank (Georgia), N.A.
Aug 22, 2009 PNC Bank, Delaware DE PNC Bank, N.A.
Aug 22, 2009 CB Bancorp, Inc. OH Merchants Bancorp, Inc.
Aug 22, 2009 The Citizens Bank of Higginsport, Ohio OH Merchants National Bank
Aug 20, 2009 Perryton Holdings, Inc. NV Perryton Bancshares, Inc.
Aug 15, 2009 The Peoples Bank of Elkton MD The Columbia Bank
Aug 15, 2009 Milton Investments, Inc. WI Bank of Milton
Aug 14, 2009 First Boulder Valley Bank MT Madison Valley Bank
Aug 8, 2009 Citizens State Bank NE The Tilden Bank
Aug 8, 2009 Castle Bank & Trust Company CT ION Bank
Aug 8, 2009 First Texas Bank TX First Texas Bank
Aug 1, 2009 First Platteville Investment Corporation NV The First National Bank of Platteville
Aug 1, 2009 TriStone Community Bank NC First Community Bank
Aug 1, 2009 Massbank Corp. DE Eastern Bankshares Inc
Aug 1, 2009 Cityside Federal Credit Union CA Southland Credit Union
Aug 1, 2009 Mutual Federal Credit Union OH Glass City Federal Credit Union
Aug 1, 2009 Ward Paper Company Employees Credit Union WI Park City Credit Union
Aug 1, 2009 Oregon Territory Federal Credit Union OR Rivermark Community Credit Union
Aug 1, 2009 Greater Warren Community Federal Credit Union OH Associated School Employees Credit Union, Inc.
Aug 1, 2009 Lynchburg Foundry Federal Credit Union VA Beacon Credit Union Incorporated
Aug 1, 2009 Mount Horeb Baptist Church Federal Credit Union DC Library of Congress Federal Credit Union
Jul 30, 2009 Chevy Chase Bank, Federal Savings Bank VA Capital One, N.A.
Jul 28, 2009 Unicorp Federal Credit Union IN Everwise Credit Union
Jul 25, 2009 Valley Bank Minnesota MN Valley Bank
Jul 25, 2009 Discovery Bank CA Commercewest Bank
Jul 21, 2009 Brenham National Holding Corporation NV Brenham Bancshares, Inc.
Jul 20, 2009 Southern Bank of Commerce AR Southern Bank
Jul 18, 2009 Citizens State Bank IA Fidelity Bank & Trust
Jul 18, 2009 EastBank MN Franklin National Bank of Minneapolis
Jul 17, 2009 Hocking Valley Credit Union, Inc. OH Atomic Credit Union, Inc.
Jul 17, 2009 Kabel Federal Credit Union OH Oucu Financial Credit Union, Inc.
Jul 16, 2009 Yamaha Employees Federal Credit Union CA Center City Community Credit Union
Jul 16, 2009 The Citizens State Bank of Pomona KS Goppert State Service Bank
Jul 14, 2009 Chevy Chase Preferred Capital Corporation MD Chevy Chase Bank, Federal Savings Bank
Jul 11, 2009 The State Bank of Lebo KS The Farmers State Bank of Aliceville, Kansas
Jul 11, 2009 Town & Country Bank IL Town And Country Bank
Jul 7, 2009 The First Bank, Roxton, Texas TX Security Bank of Texas
Jul 7, 2009 Roxton Corporation TX First Bancshares of Texas, Inc.
Jul 6, 2009 The Bank of New York Trust Company NY BNY Mellon, N.A.
Jul 2, 2009 Fort Worth Bancshares, Inc. TX Southside Bancshares, Inc.
Jul 1, 2009 Chatham Employees Credit Union NC Members Credit Union
Jul 1, 2009 Sutton State Bank NE Astra Bank
Jul 1, 2009 Local 542 District III O East Federal Credit Union PA 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
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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