Calendar Year
2012 in US Banking
998 bank events are on record for 2012: 51 failures, 612 mergers or acquisitions involving a bank, credit union or bank holding company, and 335 enforcement actions.
51
Failures
$11.62B in failed assets
612
Mergers
Federal Reserve NIC, banking organizations
335
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
Jump to: Bank failures 2012 · Bank mergers 2012
How many banks failed in 2012?
51 banks failed in 2012, with $11.62B in assets. Each failure below links to its own page.
| Date | Bank | Assets |
|---|---|---|
| Jan 20, 2012 | American Eagle Savings Bank | $19.3M |
Which banks merged in 2012?
612 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2012.
See the fuller list: Bank mergers 2012 with largest deals and credit union mergers ›
| Date | Acquired | Acquirer |
|---|---|---|
| Apr 3, 2012 | Se Financial Corp | Beneficial Bancorp, Inc. |
| Apr 3, 2012 | CVPS Employees Credit Union | Heritage Family Federal Credit Union |
| Apr 2, 2012 | Highlands Bancshares, Inc. | Legacytexas Financial Group, Inc. |
| Apr 2, 2012 | The First National Bank of Jacksboro | LegacyTexas Bank |
| Apr 2, 2012 | Olol Regional Federal Credit Union | Campus Federal Credit Union |
| Apr 1, 2012 | The Bank Arlington | Prosperity Bank |
| Apr 1, 2012 | I Bank Holding Company, Inc. | Independent Bank Group, Inc. |
| Apr 1, 2012 | Anderen Bank | 1st United Bank |
| Apr 1, 2012 | Anderen Financial, Inc. | 1st United Bancorp, Inc. |
| Apr 1, 2012 | I Bank Texas, SSB | Independent Bank |
| Apr 1, 2012 | The Chuo Mitsui Trust and Banking Co., Ltd. | Sumitomo Mitsui Trust Bank, Limited |
| Apr 1, 2012 | H H a Federal Credit Union | Space City Credit Union |
| Apr 1, 2012 | Tower Credit Union | Connexus Credit Union |
| Apr 1, 2012 | (unnamed) | Impact Bank |
| Apr 1, 2012 | K E M Credit Union | Leeco Credit Union |
| Apr 1, 2012 | Roanoke County Schools Federal Credit Union | Roanoke Valley Community Federal Credit Union |
| Apr 1, 2012 | U P W a District 1 Area 5 Credit Union | South Division Credit Union |
| Apr 1, 2012 | Pike County Teachers Federal Credit Union | Sunbelt Federal Credit Union |
| Apr 1, 2012 | Petroleum Associates Federal Credit Union | Energy One Federal Credit Union |
| Apr 1, 2012 | Prosperity Federal Credit Union | Pacific Transportation Federal Credit Union |
| Apr 1, 2012 | Oak Ridge School Federal Credit Union | Knoxville Teachers Federal Credit Union |
| Apr 1, 2012 | Arvin Employees Credit Union | Ozark Federal Credit Union |
| Apr 1, 2012 | Allegis Credit Union | Honor Credit Union dba Honor Investment Services |
| Apr 1, 2012 | The Wellsville Bank | Landmark National Bank |
| Apr 1, 2012 | Pocahy Family Federal Credit Union | Mountain America Federal Credit Union |
| Apr 1, 2012 | Calcasieu Federal Employees Credit Union | Southwest Louisiana Credit Union |
| Apr 1, 2012 | Circolo Campobello Di Licata Federal Credit Union | Empire One Federal Credit Union |
| Apr 1, 2012 | State Bank of Cokato | Kensington Bank |
| Apr 1, 2012 | Dixiecon Federal Credit Union | Hopewell Chemical Federal Credit Union |
| Mar 31, 2012 | Filene Federal Credit Union | Webster First Federal Credit Union |
| Mar 31, 2012 | Centrust Financial, Inc. | United Community Bancshares, Inc. |
| Mar 31, 2012 | Ely Steelworkers Credit Union | Northridge Community Credit Union |
| Mar 31, 2012 | Buffalo Fire Department Federal Credit Union | Crossroads Community Federal Credit Union |
| Mar 31, 2012 | Central York Federal Credit Union | White Rose Credit Union |
| Mar 31, 2012 | American Bank of Texas, National Association | American Bank of Texas |
| Mar 31, 2012 | Wilberforce University Federal Credit Union | Heartland Federal Credit Union |
| Mar 31, 2012 | Bliley Federal Credit Union | Widget Federal Credit Union |
| Mar 31, 2012 | Mon/Marine Federal Credit Union | Frick Financial Federal Credit Union |
| Mar 30, 2012 | Bonneville Bancorp | Green Dot Corporation |
| Mar 27, 2012 | Bluefield Municipal Employees Federal Credit Union | National Employees Federal Credit Union |
| Mar 24, 2012 | Union State Bank | First Community Bank |
| Mar 24, 2012 | Pilsen State Bank, Lincolnville, Kansas | Cottonwood Valley Bank |
| Mar 17, 2012 | State Bank of Bird Island | Frandsen Bank & Trust |
| Mar 17, 2012 | Bay Bank & Trust Co. | Trustmark Bank |
| Mar 15, 2012 | Crestmont Baptist Fcu | Freedom Credit Union |
| Mar 10, 2012 | Mainline National Bank | S & T Bank |
| Mar 10, 2012 | Town North Bank Nevada, N.A. | Dallas Capital Bank, National Association |
| Mar 10, 2012 | Mainline Bancorp, Inc. | S&T Bancorp, Inc. |
| Mar 8, 2012 | Times-News Employees Credit Union | Magic Valley Federal Credit Union |
| Mar 3, 2012 | RBC Bank (USA) | PNC Bank, N.A. |
The list holds 500 of the 612 mergers recorded for 2012.
Enforcement Actions in 2012
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Oct 3, 2012 | OCC | Resolute Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bank of Maumee |
| Oct 1, 2012 | FRB | American Express Travel Related Services Company, Inc. | Civil Money Penalty, $9,000,000: AMERICAN EXPRESS COMPANY. New York, New York and AMERICAN EXPRESS … |
| Oct 1, 2012 | OCC | First National Bank PLC | Formal Agreement: First National Bank |
| Oct 1, 2012 | OCC | American Express Bank, FSB | Civil Money Penalty (CMP): American Express Bank, FSB |
| Oct 1, 2012 | OCC | American Express Bank, FSB | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): American Express Bank, FSB |
| Oct 1, 2012 | OCC | American Express Bank, FSB | C&D or PC&D Requiring Restitution: American Express Bank, FSB |
| Oct 1, 2012 Released Jan 11, 2018 | FRB | American Express Travel Related Services Company, Inc. | Cease and Desist Order: AMERICAN EXPRESS COMPANY. New York, New York. and AMERICAN EXPRESS … |
| Sep 28, 2012 | OCC | One National Bancshares, Inc. | Prompt Corrective Action (PCA) Directive: One Bank & Trust, National Association |
| Sep 27, 2012 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Christopher Swinford |
| Sep 27, 2012 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Frances Maria Agosto-Valentin |
| Sep 26, 2012 | OCC | The First National Bank of Niagara | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Paoli, Susan |
| Sep 26, 2012 | OCC | The First National Bank of Niagara | Civil Money Penalty (CMP): Paoli, Susan |
| Sep 21, 2012 | OCC | Roma Financial Corporation | Formal Agreement: Roma Bank |
| Sep 20, 2012 Released Oct 2, 2012 | FRB | Southfirst Bancshares, Inc. | Written Agreement: SouthFirst Bancshares, Inc., Sylacauga, Alabama |
| Sep 20, 2012 | OCC | GCF Bank | Formal Agreement: Gcf Bank |
| Sep 20, 2012 Released Sep 25, 2012 | FRB | VFSC, Inc. | Written Agreement: VFSC, Inc., Eden Prairie, Minnesota |
| Sep 19, 2012 | OCC | Interamerican Bank, a Federal Savings Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Interamerican Bank, A FSB |
| Sep 11, 2012 Released Sep 13, 2012 | FRB | Doral Financial Corporation | Written Agreement: Doral Financial Corporation , San Juan, Puerto Rico |
| Sep 10, 2012 Released Sep 13, 2012 | FRB | The State Bank of Geneva | Written Agreement: The State Bank of Geneva, Geneva, Illinois |
| Sep 4, 2012 | FRB | Regions Bank | Section 19 Letters: Brenda Smith |
| Aug 30, 2012 | OCC | Central Federal Savings and Loan Association | Formal Agreement: Central FS & LA |
| Aug 30, 2012 | OCC | Bank of the Rockies | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bank of The Rockies, National Association |
| Aug 29, 2012 | OCC | First National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): McCaslin, Henry |
| Aug 28, 2012 | OCC | F&M Bank and Trust Company | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): F&M Bank and Trust Company |
| Aug 27, 2012 | OCC | Independence Federal Savings Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Independence Federal Savings Bank |
| Aug 23, 2012 Released Aug 30, 2012 | FRB | MNB Holdings Corporation | Written Agreement: MNB Holdings Corporation, San Francisco, California |
| Aug 22, 2012 | OCC | The Farmers National Bank of Cynthiana | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Farmers National Bank of Cynthiana |
| Aug 21, 2012 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Feist, Trenton E. |
| Aug 17, 2012 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Jacques Sanders |
| Aug 15, 2012 | OCC | Southfirst Bancshares, Inc. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Southfirst Bank |
| Aug 15, 2012 | OCC | United Trust Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): United Trust Bank |
| Aug 15, 2012 | FRB | Chelsea Bank | Section 19 Letters: Margaret Capone |
| Aug 10, 2012 | OCC | Ozark Heritage Bank N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Sutterfield, Marvin |
| Aug 10, 2012 | OCC | Ozark Heritage Bank N.A. | Civil Money Penalty (CMP): Sutterfield, Marvin |
| Aug 10, 2012 | OCC | Atlantic Coast Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Atlantic Coast Bank |
| Aug 9, 2012 | OCC | First National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Trice, J.Y. |
| Aug 9, 2012 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Howard, Dawn |
| Aug 9, 2012 | OCC | Community Bank | Formal Agreement: Community Bank |
| Aug 9, 2012 | OCC | First National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Dawkins, Jim |
| Aug 9, 2012 | OCC | First National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Barnes, Joseph G. |
| Aug 8, 2012 | OCC | First National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wright, Bennie |
| Aug 8, 2012 | OCC | First National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Johnston, Robert |
| Aug 6, 2012 Released Aug 7, 2012 | FRB | Metlife, Inc. | Civil Money Penalty, $3,200,000: METLIFE, INC, New York, New York |
| Aug 3, 2012 | OCC | Golden Bank, N.A. | Civil Money Penalty (CMP): Yang, Milton |
| Aug 3, 2012 Released Aug 16, 2012 | FRB | Patriot National Bancorp, Inc. | Written Agreement: PNBK Sponsor LLC, PNBK Investment Partners LLC, PNBK Holdings LLC, and Patriot … |
| Aug 3, 2012 | OCC | First National Bank | Prohibition/Removal Orders: McHardy, Kris |
| Aug 2, 2012 Released Aug 7, 2012 | FRB | Spirit Bankcorp, Inc. | Written Agreement: Spirit BankCorp, Inc., Bristow, Oklahoma |
| Aug 1, 2012 Released Aug 7, 2012 | FRB | Asian Financial Corporation | Cease and Desist Order: Asian Financial Corporation, Philadelphia, Pennsylvania |
| Aug 1, 2012 Released Aug 7, 2012 | FRB | The Farmers State Bank of Blue Mound | Written Agreement: The State Bank of Blue Mound, Blue Mound, Illinois |
| Aug 1, 2012 Released Aug 7, 2012 | FRB | Gold Canyon Bank | Prompt Corrective Action: Gold Canyon Bank, Gold Canyon, Arizona |
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