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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 HQ Assets Acquirer or resolution
Jan 20, 2012 American Eagle Savings Bank Boothwyn, PA $19.3M Capital Bank, 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
Apr 3, 2012 Se Financial Corp PA Beneficial Bancorp, Inc.
Apr 3, 2012 CVPS Employees Credit Union VT Heritage Family Federal Credit Union
Apr 2, 2012 Highlands Bancshares, Inc. TX Legacytexas Financial Group, Inc.
Apr 2, 2012 The First National Bank of Jacksboro TX LegacyTexas Bank
Apr 2, 2012 Olol Regional Federal Credit Union LA Campus Federal Credit Union
Apr 1, 2012 The Bank Arlington TX Prosperity Bank
Apr 1, 2012 I Bank Holding Company, Inc. TX Independent Bank Group, Inc.
Apr 1, 2012 Anderen Bank FL 1st United Bank
Apr 1, 2012 Anderen Financial, Inc. FL 1st United Bancorp, Inc.
Apr 1, 2012 I Bank Texas, SSB TX 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 TX Space City Credit Union
Apr 1, 2012 Tower Credit Union WI Connexus Credit Union
Apr 1, 2012 (unnamed) — Impact Bank
Apr 1, 2012 K E M Credit Union IA Leeco Credit Union
Apr 1, 2012 Roanoke County Schools Federal Credit Union VA Roanoke Valley Community Federal Credit Union
Apr 1, 2012 U P W a District 1 Area 5 Credit Union IL South Division Credit Union
Apr 1, 2012 Pike County Teachers Federal Credit Union MS Sunbelt Federal Credit Union
Apr 1, 2012 Petroleum Associates Federal Credit Union GA Energy One Federal Credit Union
Apr 1, 2012 Prosperity Federal Credit Union CA Pacific Transportation Federal Credit Union
Apr 1, 2012 Oak Ridge School Federal Credit Union TN Knoxville Teachers Federal Credit Union
Apr 1, 2012 Arvin Employees Credit Union MO Ozark Federal Credit Union
Apr 1, 2012 Allegis Credit Union MI Honor Credit Union dba Honor Investment Services
Apr 1, 2012 The Wellsville Bank KS Landmark National Bank
Apr 1, 2012 Pocahy Family Federal Credit Union ID Mountain America Federal Credit Union
Apr 1, 2012 Calcasieu Federal Employees Credit Union LA Southwest Louisiana Credit Union
Apr 1, 2012 Circolo Campobello Di Licata Federal Credit Union NY Empire One Federal Credit Union
Apr 1, 2012 State Bank of Cokato MN Kensington Bank
Apr 1, 2012 Dixiecon Federal Credit Union VA Hopewell Chemical Federal Credit Union
Mar 31, 2012 Filene Federal Credit Union MA Webster First Federal Credit Union
Mar 31, 2012 Centrust Financial, Inc. IL United Community Bancshares, Inc.
Mar 31, 2012 Ely Steelworkers Credit Union MN Northridge Community Credit Union
Mar 31, 2012 Buffalo Fire Department Federal Credit Union NY Crossroads Community Federal Credit Union
Mar 31, 2012 Central York Federal Credit Union PA White Rose Credit Union
Mar 31, 2012 American Bank of Texas, National Association TX American Bank of Texas
Mar 31, 2012 Wilberforce University Federal Credit Union OH Heartland Federal Credit Union
Mar 31, 2012 Bliley Federal Credit Union PA Widget Federal Credit Union
Mar 31, 2012 Mon/Marine Federal Credit Union PA Frick Financial Federal Credit Union
Mar 30, 2012 Bonneville Bancorp UT Green Dot Corporation
Mar 27, 2012 Bluefield Municipal Employees Federal Credit Union WV National Employees Federal Credit Union
Mar 24, 2012 Union State Bank IA First Community Bank
Mar 24, 2012 Pilsen State Bank, Lincolnville, Kansas KS Cottonwood Valley Bank
Mar 17, 2012 State Bank of Bird Island MN Frandsen Bank & Trust
Mar 17, 2012 Bay Bank & Trust Co. FL Trustmark Bank
Mar 15, 2012 Crestmont Baptist Fcu PA Freedom Credit Union
Mar 10, 2012 Mainline National Bank PA S & T Bank
Mar 10, 2012 Town North Bank Nevada, N.A. NV Dallas Capital Bank, National Association
Mar 10, 2012 Mainline Bancorp, Inc. PA S&T Bancorp, Inc.
Mar 8, 2012 Times-News Employees Credit Union ID Magic Valley Federal Credit Union
Mar 3, 2012 RBC Bank (USA) NC PNC Bank, N.A.

The list holds 500 of the 612 mergers recorded for 2012.

Enforcement Actions in 2012

Action date Agency Institution Action
Jul 30, 2012 FRB Regions Bank Section 19 Letters: Sonja Hornbuckle
Jul 27, 2012 OCC Home Federal Bank of Hollywood Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Home Federal Bank of Hollywood
Jul 27, 2012 FRB RBC Bank (USA) Section 19 Letters: Karen Lowe
Jul 25, 2012 OCC Capital One, N.A. C&D or PC&D Requiring Restitution: Capital One, National Association
Jul 25, 2012 FRB (individual) Section 19 Letters: Pamela Smith
Jul 25, 2012 OCC Capital One Bank (USA), N.A. C&D or PC&D Requiring Restitution: Capital One Bank (USA), National Association
Jul 25, 2012 OCC Capital One Bank (USA), N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Capital One Bank (USA), National Association
Jul 25, 2012 OCC Capital One, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Capital One, National Association
Jul 25, 2012 OCC Smartbiz Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Centrust Bank, National Association
Jul 23, 2012
Released Jul 26, 2012		 FRB (individual) Written Agreement: Cornerstone Bancorp, Inc., St. Petersburg, Florida
Jul 23, 2012 OCC Roebling Bank Formal Agreement: Roebling Bank
Jul 20, 2012 OCC The Citizens National Bank of Meyersdale Formal Agreement: The Citizens National Bank of Meyersdale
Jul 20, 2012
Released Jul 24, 2012		 FRB Entegra Financial Corp. Written Agreement: Macon Bancorp, Franklin, North Carolina (now known as Entegra Financial Corp.)
Jul 19, 2012 OCC (individual) Formal Agreement: Amory FS & LA
Jul 18, 2012 OCC Urban Trust Bank Formal Agreement: Urban Trust Bank
Jul 18, 2012 OCC The Oculina Bank Formal Agreement: The Oculina Bank
Jul 18, 2012 OCC First National Bank of South Carolina Formal Agreement: First Federal of South Carolina, FSB
Jul 17, 2012 OCC Capital One Bank (USA), N.A. Civil Money Penalty (CMP): Capital One Bank (USA), National Association
Jul 17, 2012 OCC Slavie Federal Savings Bank Formal Agreement: Slavie Federal Savings Bank
Jul 17, 2012 OCC Capital One Bank (USA), N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Capital One Bank (USA), National Association
Jul 17, 2012 OCC Capital One Bank (USA), N.A. C&D or PC&D Requiring Restitution: Capital One Bank (USA), National Association
Jul 16, 2012 OCC Golden Bank, N.A. Civil Money Penalty (CMP): Tseng, Richard
Jul 13, 2012
Released Jul 17, 2012		 FRB TCB Holding Company Written Agreement: TCB Holding Company, The Woodlands, Texas
Jul 12, 2012 OCC Beacon Federal Bancorp, Inc. Formal Agreement: Beacon Federal
Jul 9, 2012 OCC Lone Star National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Lone Star National Bank
Jul 9, 2012 OCC Colombo Bancshares, Inc. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Colombo Bank
Jul 6, 2012 OCC Park Bancorp, Inc. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Park Federal Savings Bank
Jul 5, 2012 OCC National Bank of Kansas City Civil Money Penalty (CMP): National Bank of Kansas City
Jul 5, 2012 OCC Heritage Bank, N.A. Civil Money Penalty (CMP): Heritage Bank, National Association
Jul 3, 2012 OCC First Capital Bank Formal Agreement: First Capital Bank
Jul 2, 2012 FRB Fifth Third Bank, N.A. Section 19 Letters: Jasmin Lashell Rice
Jul 2, 2012 FRB Fifth Third Bank, N.A. Section 19 Letters: Tracy Bastin
Jul 2, 2012 FRB Fifth Third Bank, N.A. Section 19 Letters: Hanan M. Rivas
Jul 2, 2012 OCC Golden Bank, N.A. Civil Money Penalty (CMP): Wu, Kenneth
Jun 29, 2012 FRB (individual) Section 19 Letters: Mary Ann Robinson
Jun 29, 2012 FRB Fifth Third Bank, N.A. Section 19 Letters: Kinetra Buggs
Jun 29, 2012 FRB Fifth Third Bank, N.A. Section 19 Letters: Gunnar N. Maehl
Jun 29, 2012 FRB Fifth Third Bank, N.A. Section 19 Letters: Cortina Neely
Jun 29, 2012 FRB Fifth Third Bank, N.A. Section 19 Letters: Carole Kretschmar
Jun 29, 2012 FRB Fifth Third Bank, N.A. Section 19 Letters: Ashley Riley
Jun 29, 2012
Released Jul 3, 2012		 FRB Regal Bancorp, Inc. Written Agreement: Regal Bancorp, Inc., Owings Mills, Maryland
Jun 29, 2012
Released Jul 5, 2012		 FRB First Mutual of Richmond, Inc. Written Agreement: First Mutual of Richmond, Inc. and Richmond Mutual Bancorporation, Inc., both of …
Jun 29, 2012 FRB Fifth Third Bank, N.A. Section 19 Letters: Tiffany Nelson
Jun 29, 2012 FRB Fifth Third Bank, N.A. Section 19 Letters: Sarita Landrum
Jun 29, 2012 FRB Fifth Third Bank, N.A. Section 19 Letters: Nikki Highfield
Jun 27, 2012 OCC Merchants Bank of California, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Roberts, Daniel
Jun 27, 2012 OCC Greenchoice Bank, FSB Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Greenchoice Bank, FSB
Jun 27, 2012 OCC Merchants Bank of California, N.A. Civil Money Penalty (CMP): Chu, Jane
Jun 27, 2012 OCC Merchants Bank of California, N.A. Civil Money Penalty (CMP): Garza, Rod
Jun 27, 2012 OCC Merchants Bank of California, N.A. Civil Money Penalty (CMP): Roberts, Daniel

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