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 |
|---|---|---|
| Sep 30, 2012 | South Berkeley Federal Credit Union | Bayer Heritage Federal Credit Union |
| Sep 30, 2012 | Agrico Chem Federal Credit Union | Shell Geismar Federal Credit Union |
| Sep 29, 2012 | Hartford Postal Employees Credit Union | American Eagle Financial Credit Union, Inc. |
| Sep 29, 2012 | Rochester Dairy Cooperative Credit Union | First Alliance Credit Union |
| Sep 29, 2012 | Trinity Credit Union | Power Credit Union |
| Sep 27, 2012 | Gmac European Auto Finance Holdings LLC | Ib Finance Holding Company, LLC |
| Sep 25, 2012 | Capital Bank Corporation | Capital Bank Financial Corp. |
| Sep 24, 2012 | The First National Bank of Southern Kansas | The First National Bank of Hutchinson |
| Sep 22, 2012 | First National Bank | Bell Bank |
| Sep 22, 2012 | Oceanic Bank Holding, Inc. | FNB Bancorp |
| Sep 22, 2012 | Oceanic Bank | First National Bank of Northern California |
| Sep 21, 2012 | Colorado Valley Bank,SSB | Pioneer Bank, SSB |
| Sep 21, 2012 | Gmac Latin America Holdings LLC | Ib Finance Holding Company, LLC |
| Sep 21, 2012 | TIB Financial Corp. | Capital Bank Financial Corp. |
| Sep 21, 2012 | La Grange Bancshares, Incorporated | Pioneer Bank, SSB |
| Sep 21, 2012 | Green Bankshares, Inc. | Capital Bank Financial Corp. |
| Sep 19, 2012 | Vamc Fayetteville Federal Credit Union | Vision Financial Federal Credit Union |
| Sep 15, 2012 | First Federal Savings Bank | Peoples Bank |
| Sep 15, 2012 | Keysource Financial, Inc. | BNC Bancorp |
| Sep 15, 2012 | Sistersville Bancorp, Inc. | Peoples Bancorp Inc. |
| Sep 15, 2012 | Keysource Commercial Bank | Bank of North Carolina |
| Sep 15, 2012 | Indiana Community Bancorp | Old National Bancorp |
| Sep 15, 2012 | Encore Bank, National Association | Cadence Bank, N.A. |
| Sep 15, 2012 | Gateway Bank & Trust | Builtwell Bank |
| Sep 15, 2012 | Indiana Bank and Trust Company | Old National Bank |
| Sep 5, 2012 | CR Community First Federal Credit Union | Black Hills Federal Credit Union |
| Sep 4, 2012 | PNC Mortgage Services, Inc. | PNC Bank, N.A. |
| Sep 4, 2012 | Tetco Employees Federal Credit Union | Benchmark Federal Credit Union |
| Sep 1, 2012 | Panhandle Public Employees Federal Credit Union | Potlatch NO.1 Financial Credit Union |
| Sep 1, 2012 | Inspire Community Development Federal Credit Union | Advia Credit Union |
| Sep 1, 2012 | Sonoran Bank, N.A. | KS Statebank |
| Sep 1, 2012 | (unnamed) | BMO Bank N.A. |
| Sep 1, 2012 | Central State Hospital Credit Union | CGR Credit Union |
| Sep 1, 2012 | Bay Pines Federal Credit Union | Midflorida Credit Union |
| Sep 1, 2012 | R T C Federal Credit Union | Transit Workers Federal Credit Union |
| Sep 1, 2012 | I-R Employees Federal Credit Union | Allegacy Federal Credit Union |
| Sep 1, 2012 | First Federal Savings and Loan Association of Pekin | Community Partners Savings Bank |
| Sep 1, 2012 | Indian River Federal Credit Union | Midflorida Credit Union |
| Sep 1, 2012 | East Kentucky Employees Federal Credit | Members Heritage Credit Union Inc |
| Sep 1, 2012 | Bilt Well Credit Union | Holy Ghost Parish Credit Union |
| Sep 1, 2012 | Rainbow Credit Union | Ripco Credit Union |
| Sep 1, 2012 | Massachusetts State Employees Credit Union | Metro Credit Union |
| Sep 1, 2012 | Chicago Heights Steel Credit Union | Illiana Financial Credit Union |
| Sep 1, 2012 | Charleston Postal Cooperative Federal Credit Union | CPM Federal Credit Union |
| Sep 1, 2012 | Alliant Bank | Legacy Bank |
| Sep 1, 2012 | Columbian Federal Credit Union | Unity Catholic Federal Credit Union |
| Sep 1, 2012 | Greater Ozarks Community Credit Union | Blucurrent Credit Union |
| Sep 1, 2012 | Memberstrust Credit Union | Bayport Federal Credit Union |
| Aug 29, 2012 | Baptist Employees Credit Union | First Carolina People's Credit Union |
| Aug 28, 2012 | Signature Bank | Equity Bank |
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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