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