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.

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	HQ	Assets	Acquirer or resolution
Dec 14, 2012	Community Bank of the Ozarks	Sunrise, MO	$42.8M	Bank of Sullivan
Nov 16, 2012	Hometown Communitybank	Braselton, GA	$124.6M	Certusbank, N.A.
Nov 2, 2012	Citizens First National Bank	Princeton, IL	$924.0M	Heartland Bank and Trust Company
Nov 2, 2012	Heritage Bank of Florida	Lutz, FL	$225.5M	Centennial Bank
Oct 26, 2012	Nova Bank	Berwyn, PA	$444.7M	—
Oct 19, 2012	Excel Bank	Sedalia, MO	$186.1M	Simmons First National Bank
Oct 19, 2012	Gulfsouth Private Bank	Destin, FL	$139.4M	SmartBank
Oct 19, 2012	First East Side Savings Bank	Tamarac, FL	$65.7M	Stearns Bank N.A.
Sep 28, 2012	First United Bank	Crete, IL	$328.4M	Old Plank Trail Community Bank, N.A.
Sep 14, 2012	Truman Bank	St. Louis, MO	$282.3M	Simmons First National Bank
Sep 7, 2012	First Commercial Bank	Bloomington, MN	$215.9M	Republic Bank & Trust Company
Aug 3, 2012	Waukegan Savings Bank	Waukegan, IL	$83.7M	First Midwest Bank
Jul 27, 2012	Jasper Banking Company	Jasper, GA	$206.7M	Stearns Bank N.A.
Jul 20, 2012	First Cherokee State Bank	Woodstock, GA	$209.0M	Community & Southern Bank
Jul 20, 2012	Second Federal Savings and Loan Association of Chicago	Chicago, IL	$190.9M	Hinsdale Bank & Trust Company
Jul 20, 2012	Georgia Trust Bank	Buford, GA	$116.9M	Community & Southern Bank
Jul 20, 2012	Heartland Bank	Leawood, KS	$96.0M	Metcalf Bank
Jul 20, 2012	The Royal Palm Bank of Florida	Naples, FL	$78.8M	First National Bank of the Gulf Coast
Jul 13, 2012	Glasgow Savings Bank	Glasgow, MO	$22.3M	Regional Missouri Bank
Jul 6, 2012	Montgomery Bank & Trust	Ailey, GA	$153.2M	Ameris Bank
Jun 15, 2012	Putnam State Bank	Palatka, FL	$169.5M	Harbor Community Bank
Jun 15, 2012	The Farmers Bank of Lynchburg	Lynchburg, TN	$163.9M	Clayton Bank and Trust
Jun 15, 2012	Security Exchange Bank	Marietta, GA	$151.0M	Fidelity Bank
Jun 8, 2012	Waccamaw Bank	Whiteville, NC	$533.1M	First Community Bank
Jun 8, 2012	Carolina Federal Savings Bank	Charleston, SC	$54.4M	Bank of North Carolina
Jun 8, 2012	First Capital Bank	Kingfisher, OK	$44.4M	F & M Bank
Jun 8, 2012	Farmers' and Traders' State Bank	Shabbona, IL	$43.1M	First State Bank
May 18, 2012	Alabama Trust Bank, N.A.	Sylacauga, AL	$51.6M	Southern States Bank
May 4, 2012	Security Bank, N.A.	North Lauderdale, FL	$101.0M	Banesco USA
Apr 27, 2012	Inter Savings Bank, FSB D/b/a/ Interbank, FSB	Maple Grove, MN	$463.8M	Great Southern Bank
Apr 27, 2012	Plantation Federal Bank	Pawleys Island, SC	$433.5M	First Federal Bank
Apr 27, 2012	Harvest Bank of Maryland	Gaithersburg, MD	$163.0M	Sonabank
Apr 27, 2012	Bank of the Eastern Shore	Cambridge, MD	$162.5M	—
Apr 27, 2012	Palm Desert National Bank	Palm Desert, CA	$129.3M	Pacific Premier Bank
Apr 20, 2012	Fort Lee Federal Savings Bank, FSB	Fort Lee, NJ	$48.9M	Alma Bank
Mar 30, 2012	Fidelity Bank	Dearborn, MI	$818.2M	The Huntington National Bank
Mar 23, 2012	Premier Bank	Wilmette, IL	$268.7M	International Bank of Chicago
Mar 23, 2012	Convenant Bank & Trust	Rock Spring, GA	$95.7M	Stearns Bank, N.A.
Mar 9, 2012	New City Bank	Chicago, IL	$71.2M	—
Mar 2, 2012	Global Commerce Bank	Doraville, GA	$143.7M	Metro City Bank
Feb 24, 2012	Home Savings of America	Little Falls, MN	$434.1M	—
Feb 24, 2012	Central Bank of Georgia	Ellaville, GA	$278.9M	Ameris Bank
Feb 10, 2012	SCB Bank	Shelbyville, IN	$182.6M	First Merchants Bank, N.A.
Feb 10, 2012	Charter National Bank and Trust	Hoffman Estates, IL	$93.9M	Barrington Bank & Trust Company, N.A.
Jan 27, 2012	Tennessee Commerce Bank	Franklin, TN	$1.01B	Republic Bank & Trust Company
Jan 27, 2012	First Guaranty Bank and Trust Company of Jacksonville	Jacksonville, FL	$397.1M	Centerstate Bank of Florida, N.A.
Jan 27, 2012	Bankeast	Knoxville, TN	$261.9M	U.S. Bank N.A.
Jan 27, 2012	Patriot Bank Minnesota	Forest Lake, MN	$105.0M	First Resource Bank
Jan 20, 2012	The First State Bank	Stockbridge, GA	$516.8M	Hamilton State Bank
Jan 20, 2012	Central Florida State Bank	Belleview, FL	$71.5M	Centerstate Bank of Florida, N.A.

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	St	Acquirer
Aug 25, 2012	Mercantile Bank and Trust Company	MA	Commerce Bank & Trust Company
Aug 25, 2012	Farmer City State Bank	IL	Heartland Bank and Trust Company
Aug 25, 2012	The Exchange National Bank of Cottonwood Falls	KS	The Citizens State Bank
Aug 25, 2012	Mercantile Capital Corp	MA	Commerce Bancshares Corp.
Aug 25, 2012	Financial Members Federal Credit Union	IN	Fort Financial Federal Credit Union
Aug 23, 2012	Sound Financial, Inc.	WA	Sound Financial Bancorp, Inc.
Aug 21, 2012	First Federal Leasing, Inc.	IN	First Bank Midwest
Aug 18, 2012	Farmers Deposit Bank	KY	Citizens Deposit Bank & Trust
Aug 18, 2012	Gateway Bancorp	CA	Banc of California, Inc.
Aug 18, 2012	Gateway Business Bank	CA	Banc of California, National Association
Aug 18, 2012	Ohio River Bank	OH	Citizens Deposit Bank & Trust
Aug 18, 2012	Superior Bank	WI	Chippewa Valley Bank
Aug 17, 2012	Texas Coastal Bank	TX	Texas First Bank
Aug 16, 2012	Northwest Bank	OR	Northwest Bank
Aug 16, 2012	Desert Commercial Bank	CA	First Foundation Bank
Aug 15, 2012	Carol Wire & Cable Corp Employees Federal Credit Union	RI	Navigant Credit Union
Aug 15, 2012	Millennium Bank	CO	Centennial Bank
Aug 15, 2012	Northstar Financial Corporation	TX	Carlile Bancshares, Inc.
Aug 11, 2012	Gotham Bank of New York	NY	Sterling National Bank
Aug 4, 2012	Anne Arundel County Employees Federal Credit Union	MD	State Employees Credit Union of Maryland Inc.
Aug 3, 2012	Montana First Credit Union	MT	Horizon Credit Union
Aug 2, 2012	Bankatlantic	FL	Truist Bank
Aug 2, 2012	Vist Financial Corp.	PA	Tompkins Financial Corporation
Aug 2, 2012	Members First Credit Union, Inc	OH	Pathways Financial Credit Union, Inc.
Aug 2, 2012	Western Credit Union, Inc.	OH	Pathways Financial Credit Union, Inc.
Aug 1, 2012	First Community Bank	KS	The Lyon County State Bank
Aug 1, 2012	Mountain Valley Federal Credit Union	WV	West Virginia Federal Credit Union
Aug 1, 2012	University Drive V.A.H. Federal Credit Union	PA	Va Pittsburgh Employees Federal Credit Union
Aug 1, 2012	North Orange County Credit Union	CA	Credit Union of Southern California, a Federal Credit Union
Aug 1, 2012	Ufcw Northwest Federal Credit Union	OR	Northwest Community Credit Union
Aug 1, 2012	Abilene Telco Federal Credit Union	TX	First Priority Credit Union
Aug 1, 2012	First Star Bank	PA	ESSA Bank & Trust
Aug 1, 2012	Medical Area Federal Credit Union	MA	RTN Federal Credit Union
Aug 1, 2012	Rushville State Bank	MO	Exchange Bank & Trust
Aug 1, 2012	Branch 825 N a L C Credit Union	IL	Alero Financial Credit Union
Aug 1, 2012	Saint Cletus Credit Union	MI	Michigan Legacy Credit Union
Aug 1, 2012	Sunrise Credit Union	WI	Fox Communities Credit Union
Aug 1, 2012	Carroll Childers Credit Union	TX	United Community Credit Union
Aug 1, 2012	Montgomery County Teachers Federal Credit Union	MD	Educational Systems Federal Credit Union
Aug 1, 2012	Franciscan Skemp Credit Union	WI	Mayo Employees Federal Credit Union
Aug 1, 2012	Truax Credit Union	WI	Heritage Credit Union
Aug 1, 2012	Pacific Rails Credit Union	UT	Cyprus Federal Credit Union
Aug 1, 2012	Memphis Chapter Federal Credit Union	TN	Memphis City Employees Credit Union
Aug 1, 2012	Elkton Bancshares, Inc.	MN	Adams Bancshares, Inc.
Aug 1, 2012	Electropower Credit Union	IL	Electro Savings Credit Union
Aug 1, 2012	First Star Bancorp, Inc.	PA	Essa Bancorp, Inc.
Aug 1, 2012	Legend Financial Corporation	DE	Legend Bancorp, Inc.
Aug 1, 2012	Heartland Community Bank	NE	First Nebraska Bank
Aug 1, 2012	M&I Dealer Finance, Inc.	WI	BMO Bank N.A.
Aug 1, 2012	FPFC Management LLC	NM	Wells Fargo & Company

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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