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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
Dec 31, 2012 First Financial Bank TX First Financial Bank
Dec 31, 2012 UMB Bank Arizona, National Association AZ UMB Bank, N.A.
Dec 31, 2012 Ibfc Nevada Corporation NV TIB, Inc.
Dec 31, 2012 First Financial Bank, National Association TX First Financial Bank
Dec 31, 2012 First Financial Bank TX First Financial Bank
Dec 31, 2012 First Financial Bank, National Association TX First Financial Bank
Dec 31, 2012 State Center Credit Union CA Valley First Federal Credit Union
Dec 31, 2012 The First National Bank of Canton TX Texas Bank and Trust Company
Dec 31, 2012 First Financial Bank, National Association TX First Financial Bank
Dec 31, 2012 UMB National Bank of America KS UMB Bank, N.A.
Dec 31, 2012 UMB Bank Colorado, National Association CO UMB Bank, N.A.
Dec 31, 2012 First Financial Bank, National Association TX First Financial Bank
Dec 31, 2012 First Financial Bank, National Association TX First Financial Bank
Dec 31, 2012 First Financial Bank, National Association TX First Financial Bank
Dec 31, 2012 Bay Media Federal Credit Union CA San Francisco Fire Credit Union
Dec 31, 2012 Safeway Los Angeles Federal Credit Union CA Xceed Financial Credit Union
Dec 31, 2012 White Pine County School Employees Federal Credit Union NV Greater Nevada Credit Union
Dec 31, 2012 Morristown Federal Credit Union NJ Garden Savings Federal Credit Union
Dec 31, 2012 First Financial Bank, National Association TX First Financial Bank
Dec 31, 2012 First Financial Bank, National Association TX First Financial Bank
Dec 29, 2012 The Peoples State Bank LA Midsouth Bank, N.A.
Dec 29, 2012 PSB Financial Corporation LA Midsouth Bancorp, Inc.
Dec 28, 2012 Niagara Mohawk Power - Mohawk Division Federal Credit Union NY First Choice Financial Federal Credit Union
Dec 22, 2012 Alliance Bank Corporation VA Washingtonfirst Bank
Dec 22, 2012 The Nashua Bank NH Lake Sunapee Bank, FSB
Dec 22, 2012 Alliance Bankshares Corporation VA Washingtonfirst Bankshares, Inc.
Dec 22, 2012 Bbvapr Holding Corporation PR Ofg Bancorp
Dec 21, 2012 Banc Life Insurance Corporation AZ Associated Banc-Corp
Dec 20, 2012 Western Bancshares, Inc. TX Circle I Bank Group, Inc.
Dec 20, 2012 Hastings State Bank NE Pinnacle Bank
Dec 19, 2012 Banco Bilbao Vizcaya Argentaria Puerto Rico PR Oriental Bank
Dec 18, 2012 First State Bank of Joplin MO Pinnacle Bank
Dec 17, 2012 Murdock Bancor, Inc. MN Forstrom Bancorporation, Inc.
Dec 17, 2012 Ogden Bancshares, Inc. IA Visionbankshares, Inc.
Dec 15, 2012 Farmers National Bank of Kansas KS Goppert State Service Bank
Dec 15, 2012 Bank Capital Corporation AZ Grandpoint Capital, Inc.
Dec 15, 2012 Citizens State Bank OK First National Bank and Trust Company of Weatherford
Dec 15, 2012 Peoples Choice of San Antonio Federal Credit Union TX Soarion Federal Credit Union
Dec 14, 2012 Bryan Bank & Trust GA South State Bank
Dec 14, 2012 Southeast Bancshares, Inc. TN Education Loan Finance, Inc.
Dec 14, 2012 The Savannah Bancorp, Inc. GA SouthState Bank Corporation
Dec 14, 2012 The Savannah Bank, National Association GA South State Bank
Dec 14, 2012 L C School Employees Federal Credit Union IN Everwise Credit Union
Dec 12, 2012 Hyde Park Bank and Trust Company IL Beverly Bank & Trust Company, N.A.
Dec 12, 2012 HPK Financial Corporation IL Wintrust Financial Corporation
Dec 10, 2012 Lubco Bancshares, Inc. TX Commerce Bancshares, Inc.
Dec 8, 2012 Stone County National Bank MO Liberty Bank
Dec 8, 2012 Stone County National Bancshares, Inc. MO Liberty Bancshares, Inc
Dec 8, 2012 The Emmet County State Bank IA NorthStar Bank
Dec 8, 2012 Mansfield State Bank SD American Bank & Trust

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

Enforcement Actions in 2012

Action date Agency Institution Action
Jun 27, 2012 OCC Merchants Bank of California, N.A. Civil Money Penalty (CMP): Scott, Phil
Jun 26, 2012
Released Jun 28, 2012		 FRB Village Bank and Trust Financial Corp. Written Agreement: Village Bank and Trust Financial Corp, Midlothian, Virginia
Jun 25, 2012 FRB First Banking Center Section 19 Letters: Sarah L. Bilotti
Jun 25, 2012 FRB (individual) Section 19 Letters: Sandra Ramos
Jun 25, 2012 FRB Cole Taylor Trust Company Section 19 Letters: Cynthia Merchant
Jun 25, 2012 FRB (individual) Section 19 Letters: Cynthia A. Grzyb
Jun 25, 2012 OCC The First National Bank of Manchester Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Manchester
Jun 22, 2012
Released Jun 26, 2012		 FRB Crown Bankshares, Inc. Written Agreement: Crown Bankshares, Inc., Edina, Minnesota
Jun 21, 2012
Released Jun 26, 2012		 FRB (individual) Written Agreement: Delmar Bancorp, Salisbury, Maryland
Jun 21, 2012 OCC Central Savings, F.S.B. Formal Agreement: Central FS & LA of Chicago
Jun 21, 2012 OCC Trust Company of Maine, Inc. Formal Agreement: The Bank of Maine
Jun 20, 2012 OCC Putnam Bank Formal Agreement: Putnam Bank
Jun 18, 2012
Released Jun 21, 2012		 FRB Frontier National Corporation Written Agreement: Frontier National Corporation, Chelsea, Alabama
Jun 15, 2012 OCC Commonwealth National Bank Formal Agreement: Commonwealth National Bank
Jun 15, 2012 OCC Borrego Springs Bank, National Association Formal Agreement: Borrego Springs Bank, National Association
Jun 13, 2012 OCC Presidential Bank, FSB Civil Money Penalty (CMP): Presidential Bank, FSB
Jun 13, 2012
Released Jun 21, 2012		 FRB (individual) Written Agreement: One Financial Corporation, Little Rock, Arkansas
Jun 12, 2012
Released Jun 13, 2012		 FRB (individual) Prohibition from Banking: Jerry J. Williams
Jun 11, 2012
Released Jun 14, 2012		 FRB Grant Park Bancshares, Inc. Written Agreement: Grant Park Bancshares, Inc., Grant Park, Illinois
Jun 8, 2012
Released Jun 14, 2012		 FRB First Security Bank of Malta Prompt Corrective Action: First Security Bank of Malta, Malta, Montana
Jun 8, 2012 OCC Abacus Federal Savings Bank Suspension Order for Criminal Conduct: Zhao, Yi Yi
Jun 8, 2012
Released Jun 14, 2012		 FRB (individual) Written Agreement: Commerzbank AG, Frankfurt am Main, Germany, and Commerzbank AG New York Branch, …
Jun 8, 2012 OCC First Federal Savings Bank Formal Agreement: First Federal Savings Bank
Jun 8, 2012
Released Jun 14, 2012		 FRB (individual) Written Agreement: Robertson Holding Company, L.P., Unified Shares, LLC, Commercial Bancgroup, Inc., Commercial Bank, …
Jun 6, 2012
Released Jun 12, 2012		 FRB Coloeast Bankshares, Inc. Written Agreement: ColoEast Bankshares, Inc., Lamar, Colorado
Jun 6, 2012 OCC The Baraboo National Bank Prohibition/Removal Orders: Jenks, Bradley J.
Jun 6, 2012 OCC The Baraboo National Bank C&D or PC&D Requiring Restitution: Jenks, Bradley J.
Jun 5, 2012
Released Jun 14, 2012		 FRB Calvert Financial Corporation Written Agreement: Calvert Financial Corporation and Mainstreet Bank, both of Ashland, Missouri
Jun 5, 2012
Released Jun 12, 2012		 FRB First Trust Corporation Written Agreement: First Trust Corporation, New Orleans, Louisiana
Jun 5, 2012 OCC Summit National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Summit National Bank
Jun 5, 2012 OCC The First National Bank of Wellston Formal Agreement: The First National Bank of Wellston
Jun 4, 2012 OCC Old National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Old National Bank
May 30, 2012 OCC BLC Bank N.A. Prohibition/Removal Orders: Kroesen, Misty (formerly Misty May)
May 30, 2012 OCC BLC Bank N.A. Prohibition/Removal Orders: Kroesen, Curtis
May 29, 2012 OCC Newton Federal Bank Formal Agreement: Newton Federal Bank
May 25, 2012
Released Jun 5, 2012		 FRB Mariner's Bancorp Written Agreement: Mariner's Bancorp, Edgewater, New Jersey
May 25, 2012 OCC Fidelity Bancorp, Inc. Formal Agreement: Fidelity National Bank
May 23, 2012 OCC Clay County Savings Bank Formal Agreement: Clay County Savings Bank
May 23, 2012 OCC The First National Bank of Shelby Suspension Order for Criminal Conduct: Durham, Thomas E.
May 23, 2012
Released May 29, 2012		 FRB (individual) Prompt Corrective Action: Premier Bank, Denver, Colorado
May 23, 2012 FRB Royal Bank of Canada Section 19 Letters: Linda G. Allison
May 23, 2012 OCC One National Bancshares, Inc. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): One Bank & Trust, National Association
May 22, 2012 OCC American Commercial Bank & Trust, N.A. Formal Agreement: The First National Bank of Ottawa
May 22, 2012 OCC North American Savings Bank, FSB Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): North American Savings Bank, FSB
May 18, 2012 OCC Hopkins Bancorp, Inc. Civil Money Penalty (CMP): Lapidus, Alvin
May 18, 2012 OCC Hopkins Bancorp, Inc. Civil Money Penalty (CMP): Cohen, Steven
May 9, 2012 OCC Priority Bank Notice of Charges: Priority Bank
May 9, 2012
Released May 15, 2012		 FRB Grand Bankshares, Inc. Written Agreement: Grand Bankshares, Inc., West Palm Beach, Florida
May 9, 2012 OCC Carolina Federal Savings Bank Prompt Corrective Action (PCA) Directive: Carolina Federal Savings Bank
May 7, 2012
Released Sep 19, 2017		 FRB AB&T Financial Corporation Written Agreement: AB&T Financial Corporation, Gastonia, North Carolina

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