On October 28, 2009, BancTrust Financial Group, Inc. as borrower, entered into first amendment to loan agreement with Federal Deposit Insurance Corporation as Receiver of Silverton Bank, N.A., as lender. The Amendment modified certain loan covenants contained in the loan agreement between the Company and Federal Deposit Insurance Corporation as Receiver of Silverton Bank, N.A. More specifically, the Amendment: deleted the covenant regarding the required minimum ratio of non-performing assets to the sum of total loans and other real estate owned and replaced it with a covenant that the Company's non-performing assets shall not exceed $200 million at the end of any calendar quarter; deleted the minimum debt service coverage ratio covenant and replaced it with a covenant requiring the Company to maintain a minimum allowance for loan and lease losses for its bank subsidiary of at least 3% of its gross loans; modified the covenant regarding classified assets to require that the Company's assets which are classified as 'substandard' and 'doubtful' shall be less than $275 million.

BancTrust Financial Group, Inc. expected to Report Fiscal Year 2009 Results on February 15, 2010. This event was calculated by Capital IQ (Created on October 30, 2009).

BancTrust Financial Group Inc. reported its financial results for the third quarter and nine months ended September 30, 2009. The Company reported net income available to common shareholders of $30,000, or $0.00 per fully diluted share, for the third quarter of 2009 compared with net income of $223,000, or $0.01 per fully diluted share, for the third quarter of 2008. Net income before the preferred stock dividend was $786,000 in the third quarter of 2009 compared to $223,000 for the same period in 2008. Net interest revenue increased to $13.6 million in the third quarter of 2009 compared with $12.4 million in the linked second quarter of 2009. The increase was enhanced by a 27 basis point improvement in the net interest margin to 2.92% compared with 2.65% in the second quarter of 2009. For the first nine months of 2009, BancTrust reported Net loss available to common shareholders for the first nine months of 2009 was $124.7 million compared with net income of $4.7 million for the first nine months of 2008. Net loss available to common shareholders per diluted share was $7.08 for the first nine months of 2009 compared with net income of $0.27 for the same period in 2008. The 2009 results included a $97.4 million ($5.53 per diluted share) non-cash write-off of goodwill and $2.3 million, or $0.13 per diluted share, in preferred stock dividends. Net interest income was $38.7 million in the first nine months of 2009 compared with $47.4 million in the first nine months of 2008. The decline in interest income was due primarily to a 69 basis point decrease in the net interest margin compared with the first nine months of 2008.