Two bank regulators closed out 2009 by issuing nearly a dozen formal agreements, four cease-and-desist orders and 10 other regulatory orders.
Financial institution failures are often preceded by cease-and-desist orders from banking regulators. The Office of the Comptroller of the Currency reported that it issued the following cease-and-desist orders.
| Company | Location | Regulator | Order/Docket No. | Date |
| Bay Cities National Bank | Redondo Beach, Calif. | OCC | 2009-215 | Nov. 18 |
| Capitol National Bank | Lansing, Mich. | OCC | 2009-216 | Dec. 22 |
| First National Bank of Baldwin County | Foley, Ala. | OCC | 2009-214 | Dec. 28 |
| First National Bank of Wyoming | Laramie, Wyo. | OCC | 2009-217 | Dec. 15 |
When a bank regulator determines that a particular institution is showing signs of trouble, a formal agreement might be reached with that institution. The agreements often require improvements to lending operations, changes to management and regular progress reports. The OCC and the Federal Reserve announced that the following formal agreements were recently reached.
| Company | Location | Regulator | Order/Docket No. | Date |
| The Citizens National Bank of Park Rapids | Park Rapids, Minn. | OCC | 2009-220 | Nov. 24 |
| Clear Creek National Bank | Georgetown, Colo. | OCC | 2009-218 | Dec. 4 |
| Eagle Valley Bank, National Association | St. Croix Falls, Wis. | OCC | 2009-222 | Dec. 17 |
| First Cherokee Bancshares Inc. | Woodstock, Ga. | Federal Reserve Bank of Atlanta | 09-203-WA/RB-HC | Dec. 22 |
| The First National Bank of Litchfield | Litchfield, Colo. | OCC | 2009-219 | Nov. 9 |
| The First National Bank in Wadena | Wadena, Minn. | OCC | 2009-221 | Nov. 24 |
| Heritage Bancshares | Orange Park, Fla. | Federal Reserve Bank of Atlanta | 09-170-WA/RB-HC | Dec. 18 |
| The National Bank of Waupun | Waupun, Wis. | OCC | 2009-223 | Dec. 16 |
| Prime Pacific Financial Services Inc. | Lynnwood, Wash. | Federal Reserve Bank of San Francisco | 09-157-WA/RB-HC | Dec. 30 |
| Sunshine Bankshares Inc. | Port Orange, Fla. | Federal Reserve Bank of Atlanta | 09-0196-WA/RB-HC | Dec. 24 |
| Wakulla Bancorp | Crawfordville, Fla. | Federal Reserve Bank of Atlanta | 09-202-WA/RB-HC | Dec. 22 |
The OCC said it terminated formal agreements with Canon National Bank in Canon City, Colo.; Capitol National Bank in Lansing, Mich.; First National Bank of Baldwin County in Foley, Ala.; First National Bank of Wyoming in Laramie, Wyo.; and Vartan National Bank in Harrisburg, Pa.
The following individuals have been prohibited from working at federally insured depository institutions.
| Individual | Employer | Location | Regulator | Order # | Date |
| Clark, Leigh A. | Citibank (South Dakota), National Association | Sioux Falls, S.D. | OCC | 2009-227 | Nov. 25 |
| Martinez, Angelica R. | JPMorgan Chase Bank, National Association | Columbus, Ohio | OCC | 2009-226 | Dec. 1 |
| Orantes, Justine | Bank of America, National Association | Charlotte, N.C. | OCC | 2009-225 | Dec. 10 |
| Roddy, James D. | The First National Bank of Tom Bean | Tom Bean, Texas | OCC | 2009-228 | Dec. 4 |
The Fed and the OCC issued prompt corrective actions against the banks listed below.
| Company / Individual | Location | Regulator | Order/Docket No. | Date |
| Barnes Banking Co. | Kaysville, Utah | Federal Reserve Board | 09-206-PCA-SM | Dec. 22 |
| First National Bank of Georgia | Carrollton, Ga. | OCC | 2009-224 | Dec. 22 |
| Old Southern Bank | Orlando, Fla. | Federal Reserve Board | 09-209-PCA-SM | Jan. 13 |
| Sun American Bank | Boca Raton, Fla. | Federal Reserve Board | 09-204-PCA-SMh. | Dec. 22 |
Finally, the following two financial institutions each recently faced a capital directive.
| Company / Individual | Location | Regulator | Order/Docket No. | Date |
| Eastside Commercial Bank, National Association | Bellevue, Wash. | OCC | 2009-213 | Dec. 22 |
| Unity National Bank | Cartersville, Ga. | OCC | 2009-212 | Dec. 16 |
