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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
Apr 1, 2009 J P C Employees Credit Union IL U.S. Employees Credit Union
Apr 1, 2009 Statesman Federal Credit Union ID Les Bois Credit Union
Apr 1, 2009 Cavalier Federal Credit Union OH Associated School Employees Credit Union, Inc.
Apr 1, 2009 Sacramento County Grange Federal Credit Union CA Big Valley Federal Credit Union
Apr 1, 2009 Bayway P D C P C Federal Credit Union NJ Elizabeth, NJ Firemen's Federal Credit Union
Apr 1, 2009 Old Forge Bank PA Penn Security Bank and Trust Company
Apr 1, 2009 H. R. C. Employees Federal Credit Union PA PPG & Associates Federal Credit Union
Mar 31, 2009 Oakland Commerce Bank MI Talmer West Bank
Mar 31, 2009 Graystone Financial Corp PA Tower Bancorp Inc.
Mar 31, 2009 Florida Bank of Jacksonville FL Florida Bank
Mar 31, 2009 The Bank of Tallahassee FL Florida Bank
Mar 31, 2009 Detroit Commerce Bank MI Talmer West Bank
Mar 31, 2009 Community Bank, National Association TN Community Bank, North Mississippi
Mar 31, 2009 Kent Commerce Bank MI Talmer West Bank
Mar 31, 2009 Muskegon Commerce Bank MI Talmer West Bank
Mar 31, 2009 Brighton Commerce Bank MI Talmer West Bank
Mar 31, 2009 Macomb Community Bank MI Talmer West Bank
Mar 31, 2009 The First National Bank of Greencastle PA Graystone Tower Bank
Mar 31, 2009 Grand Haven Bank MI Talmer West Bank
Mar 31, 2009 L M P Federal Credit Union PA Transit Workers Federal Credit Union
Mar 31, 2009 Portage Commerce Bank MI Talmer West Bank
Mar 31, 2009 AB&T National Bank AL AB&T
Mar 31, 2009 Fort Snelling Federal Credit Union MN Hiway Credit Union
Mar 31, 2009 Congoleum Industries Federal Credit Union NJ Hamilton Horizons Federal Credit Union
Mar 27, 2009 Huntsville Holdings, Inc. DE Sam Houston Financial Corp.
Mar 26, 2009 TBH Nevada Corporation NV Henderson Texas Bancshares, Inc.
Mar 21, 2009 Dakota Heritage Bank ND Dakota Heritage Bank
Mar 21, 2009 Community Bank AR Centennial Bank
Mar 21, 2009 Bank of Mountain View AR Centennial Bank
Mar 21, 2009 State Bank of Tower MN Queen City Federal Savings Bank
Mar 20, 2009 Lake Street 'L' Federal Credit Union IL North Side L Federal Credit Union
Mar 18, 2009 Gunite Employees Credit Union IL Generations Credit Union
Mar 16, 2009 Inkom Cement Employees Credit Union ID Connections Credit Union
Mar 14, 2009 Sumter Bank and Trust Company GA SB&T Bank
Mar 13, 2009 Marsh Employees Federal Credit Union IN Indiana Members Credit Union
Mar 13, 2009 Tradition Bancshares of Delaware, Inc. DE Tradition Bancshares, Inc.
Mar 11, 2009 Waterloo Bancshares, Inc. IL Midland States Bancorp, Inc.
Mar 7, 2009 The State Bank of Viroqua WI Baraboo State Bank
Mar 6, 2009 First Community Bank East Texas, National Association TX First Community Bank, N.A.
Mar 5, 2009 Union Grove Baptist Church Federal Credit Union OH Whitehall Credit Union
Mar 3, 2009 Summit Credit Union MT Altana Federal Credit Union
Mar 2, 2009 Foundation Federal Credit Union LA Jefferson Financial Federal Credit Union
Mar 2, 2009 N F a N G Federal Credit Union NY Niagara Falls a F Federal Credit Union
Mar 2, 2009 Capcom Credit Union MI Dfcu Financial
Mar 1, 2009 Associated Blind of Oklahoma/Texas Federal Credit Union OK Tinker Federal Credit Union
Mar 1, 2009 Rossville Bank GA Community National Bank
Mar 1, 2009 Holmes Washington Credit Union FL Community South Credit Union
Mar 1, 2009 Reymet Community Federal Credit Union VA Partners Financial Federal Credit Union
Mar 1, 2009 Shreveport Cotton Belt Federal Credit Union LA Bossier Federal Credit Union
Feb 28, 2009 Popular Finance, Inc. PR Banco Popular de Puerto Rico

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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