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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
Jul 1, 2012 Moorhead Federal Credit Union MN Magnifi Financial Credit Union
Jul 1, 2012 R M H Federal Credit Union WV Bayer Heritage Federal Credit Union
Jul 1, 2012 Inland Empire Credit Union CA Credit Union of Southern California, a Federal Credit Union
Jul 1, 2012 First National Bank of the Mid-Cities TX First National Bank Baird
Jul 1, 2012 Queen Street Baptist Church Federal Credit Union VA Langley Federal Credit Union
Jul 1, 2012 Natick Federal Savings Bank MA Mutualone Bank
Jul 1, 2012 Ufcw Local 342 Federal Credit Union NY Fourleaf Federal Credit Union
Jul 1, 2012 Fergus Falls Community Federal Credit Union MN Otter Tail Credit Union
Jul 1, 2012 West Ohio United Methodist Credit Union, Inc. OH Christian Family Credit Union, Inc.
Jun 30, 2012 New Bethel Ame Federal Credit Union PA Philadelphia Federal Credit Union
Jun 30, 2012 Community Bank - Missoula MT Community Bank, Inc.
Jun 30, 2012 East Bay Postal Credit Union CA F3 Credit Union
Jun 30, 2012 Hometown Credit Union IL United Community Credit Union
Jun 30, 2012 Lower Bucks Hospital Federal Credit Union PA American Heritage Federal Credit Union
Jun 30, 2012 Hazleton Newspaper Employees Federal Credit Union PA Scranton Downtown Federal Credit Union
Jun 30, 2012 Cleaver Brooks Credit Union WI Appletree Credit Union
Jun 23, 2012 First Federal Savings Bank of Iowa IA Great Western Bank
Jun 23, 2012 Union Bank In Liquidation MO Arvest Bank
Jun 23, 2012 North Central Bancshares, Inc. IA Great Western Bancorporation, Inc.
Jun 23, 2012 Williamstown Savings Bank MA Mountainone Bank
Jun 19, 2012 Cal Fed Holdings, Inc. CA Citibank, N.A.
Jun 9, 2012 First Texas Bank TX First Texas Bank
Jun 9, 2012 Sparks City Employees Federal Credit Union NV Great Basin Federal Credit Union
Jun 9, 2012 Hampshire First Bank NH NBT Bank, N.A.
Jun 2, 2012 Our Lady of Health Federal Credit Union MA Westport Federal Credit Union
Jun 1, 2012 The Palm Bank FL C1 Bank
Jun 1, 2012 CGB Holdings, Inc. CA Bank of Manhattan, N.A.
Jun 1, 2012 Professional Business Bank CA Bank of Manhattan, N.A.
Jun 1, 2012 Virginia Savings Bancorp, Inc. VA City Holding Company
Jun 1, 2012 Opportunity Bancshares, Inc. TX Green Bancorp, Inc.
Jun 1, 2012 Opportunity Bank, National Association TX Green Bank, National Association
Jun 1, 2012 Peoples Bank of Virginia VA First Community Bank
Jun 1, 2012 CommerceFirst Bank MD Sandy Spring Bank
Jun 1, 2012 Commercefirst Bancorp, Inc. MD Sandy Spring Bancorp, Inc.
Jun 1, 2012 Valrico State Bank FL SouthState Bank, N.A.
Jun 1, 2012 Lee County Postal Employees Credit Union FL Tampa Postal Federal Credit Union
Jun 1, 2012 Georgia Department Public Safety Credit Union GA Justice Federal Credit Union
Jun 1, 2012 Metro Credit Union WI Centricity Credit Union
Jun 1, 2012 Central Michigan Community Federal Credit Union MI Members First Credit Union dba Members First Investment Services
Jun 1, 2012 Moultrie Employees Federal Credit Union GA Doco Credit Union
Jun 1, 2012 Virginia Savings Bank, F.S.B. VA City National Bank of West Virginia
Jun 1, 2012 Automotive Service Association of Pa., Inc., Federal Credit Union PA Washington Area Teachers Federal Credit Union
Jun 1, 2012 Atlanta Teachers Federal Credit Union GA Credit Union of Atlanta
May 31, 2012 Patriot Holdings Nevada, Inc. NV Patriot Bancshares, Inc.
May 31, 2012 I.B.E.W. Local B-649 Credit Union IL Laclede Community Credit Union
May 31, 2012 CY-Hannibal Credit Union MO United Community Credit Union
May 29, 2012 Commercial Metals Federal Credit Union TX America's Credit Union
May 26, 2012 Premier Bank KS ANB Bank
May 21, 2012 Evergreen Bancshares, Inc. MN Mesaba Bancshares, Inc.
May 15, 2012 Davidson Trust Company PA The Bryn Mawr Trust 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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