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 |
|---|---|---|---|
| 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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