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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
Nov 1, 2012 First Community Credit Union TN Listerhill Credit Union
Nov 1, 2012 Ufcw of America Federal Credit Union NJ Garden State Federal Credit Union
Nov 1, 2012 Medical Care Employees Federal Credit Union OH Seven Seventeen Credit Union Inc
Nov 1, 2012 Dakota Heritage State Bank SD Security Bank Midwest
Oct 31, 2012 Scott A. T. O. Federal Credit Union NY Good Neighbors Federal Credit Union
Oct 26, 2012 First Community Bank MO Equity Bank
Oct 26, 2012 First Community Bancshares, Inc. KS Equity Bancshares, Inc.
Oct 22, 2012 BSC, Inc. KY Forcht Bancorp, Inc.
Oct 20, 2012 Service1st Bank of Nevada NV Bank of Nevada
Oct 20, 2012 1st Commonwealth Bank of Virginia VA FVCbank
Oct 20, 2012 Garden City State Bank KS KCB Bank
Oct 19, 2012 Beacon Federal Bancorp, Inc. NY Beacon Financial Corporation
Oct 19, 2012 Beacon Federal NY Berkshire Bank
Oct 18, 2012 Western Liberty Bancorp NV Western Alliance Bancorporation
Oct 17, 2012 Electric Federal Credit Union CA Excite Credit Union
Oct 16, 2012 Marathon Banking Corporation NY Investors Bancorp, Inc.
Oct 16, 2012 Marathon National Bank of New York NY Investors Bank
Oct 12, 2012 Marathon State Bank WI Peoples State Bank
Oct 12, 2012 Malvern Federal Mutual Holding Company PA Malvern Bancorp, Inc
Oct 12, 2012 Southern Community Financial Corporation NC Capital Bank Financial Corp.
Oct 12, 2012 Southern Community Bank and Trust NC Capital Bank Corporation
Oct 10, 2012 Citizens South Bank NC Park Sterling Bank
Oct 9, 2012 MarkleBank IN IAB Financial Bank
Oct 6, 2012 M&I Bank of Mayville WI BMO Harris Central N.A.
Oct 4, 2012 Madison County Financial Corporation NE Madison County Financial, Inc.
Oct 4, 2012 Madison County Holding, MHC NE Madison County Financial, Inc.
Oct 2, 2012 Denison District Telephone Credit Union TX Texas Telcom Credit Union
Oct 1, 2012 Cat Federal Credit Union PA Members 1st Federal Credit Union
Oct 1, 2012 Hawaii Stevedores/Castle & Cooke-Hawaii Federal Credit Union HI Aloha Pacific Federal Credit Union
Oct 1, 2012 San Diego Jacl Federal Credit Union CA Mission Federal Credit Union
Oct 1, 2012 Santa Monica City Employees Federal Credit Union CA Southland Credit Union
Oct 1, 2012 BC3 Employees Federal Credit Union PA Trumark Credit Union
Oct 1, 2012 New Mexico Central Credit Union NM Rio Grande Credit Union
Oct 1, 2012 Cattleman's National Bank TX Lone Star Capital Bank, National Association
Oct 1, 2012 Ferndale Refinery Credit Union WA Industrial Credit Union of Whatcom County
Oct 1, 2012 Tri-State Federal Credit Union WV Universal Federal Credit Union
Oct 1, 2012 Saint Johns Federal Credit Union TX Greater Texas Federal Credit Union
Oct 1, 2012 PCH Federal Credit Union NY Hudson Valley Federal Credit Union
Oct 1, 2012 Community Healthcare Credit Union IL Community Plus Federal Credit Union
Oct 1, 2012 Spotswood Employees Federal Credit Union NJ First Point Federal Credit Union
Oct 1, 2012 A-E Employees Credit Union IA Financial Plus Credit Union
Oct 1, 2012 Cca Knoxville Federal Credit Union TN New South Credit Union
Oct 1, 2012 First State Bank TX First Victoria National Bank
Oct 1, 2012 Byzantine Catholic Federal Credit Union OH Unity Catholic Federal Credit Union
Oct 1, 2012 Smith & Sons Employees Credit Union GA Center Parc Credit Union
Oct 1, 2012 Citizens South Banking Corporation NC Park Sterling Corporation
Oct 1, 2012 Community National Bank TX Prosperity Bank
Oct 1, 2012 United Community Bank, National Association TX Independent Bank
Oct 1, 2012 Peoples Mortgage Corporation CO Peoples National Bank
Oct 1, 2012 Metro Fellowship Federal Credit Union IL South Side Community Federal Credit Union

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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