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 |
|---|---|---|
| Apr 3, 2012 | Se Financial Corp | Beneficial Bancorp, Inc. |
| Apr 3, 2012 | CVPS Employees Credit Union | Heritage Family Federal Credit Union |
| Apr 2, 2012 | Highlands Bancshares, Inc. | Legacytexas Financial Group, Inc. |
| Apr 2, 2012 | The First National Bank of Jacksboro | LegacyTexas Bank |
| Apr 2, 2012 | Olol Regional Federal Credit Union | Campus Federal Credit Union |
| Apr 1, 2012 | The Bank Arlington | Prosperity Bank |
| Apr 1, 2012 | I Bank Holding Company, Inc. | Independent Bank Group, Inc. |
| Apr 1, 2012 | Anderen Bank | 1st United Bank |
| Apr 1, 2012 | Anderen Financial, Inc. | 1st United Bancorp, Inc. |
| Apr 1, 2012 | I Bank Texas, SSB | Independent Bank |
| Apr 1, 2012 | The Chuo Mitsui Trust and Banking Co., Ltd. | Sumitomo Mitsui Trust Bank, Limited |
| Apr 1, 2012 | H H a Federal Credit Union | Space City Credit Union |
| Apr 1, 2012 | Tower Credit Union | Connexus Credit Union |
| Apr 1, 2012 | (unnamed) | Impact Bank |
| Apr 1, 2012 | K E M Credit Union | Leeco Credit Union |
| Apr 1, 2012 | Roanoke County Schools Federal Credit Union | Roanoke Valley Community Federal Credit Union |
| Apr 1, 2012 | U P W a District 1 Area 5 Credit Union | South Division Credit Union |
| Apr 1, 2012 | Pike County Teachers Federal Credit Union | Sunbelt Federal Credit Union |
| Apr 1, 2012 | Petroleum Associates Federal Credit Union | Energy One Federal Credit Union |
| Apr 1, 2012 | Prosperity Federal Credit Union | Pacific Transportation Federal Credit Union |
| Apr 1, 2012 | Oak Ridge School Federal Credit Union | Knoxville Teachers Federal Credit Union |
| Apr 1, 2012 | Arvin Employees Credit Union | Ozark Federal Credit Union |
| Apr 1, 2012 | Allegis Credit Union | Honor Credit Union dba Honor Investment Services |
| Apr 1, 2012 | The Wellsville Bank | Landmark National Bank |
| Apr 1, 2012 | Pocahy Family Federal Credit Union | Mountain America Federal Credit Union |
| Apr 1, 2012 | Calcasieu Federal Employees Credit Union | Southwest Louisiana Credit Union |
| Apr 1, 2012 | Circolo Campobello Di Licata Federal Credit Union | Empire One Federal Credit Union |
| Apr 1, 2012 | State Bank of Cokato | Kensington Bank |
| Apr 1, 2012 | Dixiecon Federal Credit Union | Hopewell Chemical Federal Credit Union |
| Mar 31, 2012 | Filene Federal Credit Union | Webster First Federal Credit Union |
| Mar 31, 2012 | Centrust Financial, Inc. | United Community Bancshares, Inc. |
| Mar 31, 2012 | Ely Steelworkers Credit Union | Northridge Community Credit Union |
| Mar 31, 2012 | Buffalo Fire Department Federal Credit Union | Crossroads Community Federal Credit Union |
| Mar 31, 2012 | Central York Federal Credit Union | White Rose Credit Union |
| Mar 31, 2012 | American Bank of Texas, National Association | American Bank of Texas |
| Mar 31, 2012 | Wilberforce University Federal Credit Union | Heartland Federal Credit Union |
| Mar 31, 2012 | Bliley Federal Credit Union | Widget Federal Credit Union |
| Mar 31, 2012 | Mon/Marine Federal Credit Union | Frick Financial Federal Credit Union |
| Mar 30, 2012 | Bonneville Bancorp | Green Dot Corporation |
| Mar 27, 2012 | Bluefield Municipal Employees Federal Credit Union | National Employees Federal Credit Union |
| Mar 24, 2012 | Union State Bank | First Community Bank |
| Mar 24, 2012 | Pilsen State Bank, Lincolnville, Kansas | Cottonwood Valley Bank |
| Mar 17, 2012 | State Bank of Bird Island | Frandsen Bank & Trust |
| Mar 17, 2012 | Bay Bank & Trust Co. | Trustmark Bank |
| Mar 15, 2012 | Crestmont Baptist Fcu | Freedom Credit Union |
| Mar 10, 2012 | Mainline National Bank | S & T Bank |
| Mar 10, 2012 | Town North Bank Nevada, N.A. | Dallas Capital Bank, National Association |
| Mar 10, 2012 | Mainline Bancorp, Inc. | S&T Bancorp, Inc. |
| Mar 8, 2012 | Times-News Employees Credit Union | Magic Valley Federal Credit Union |
| Mar 3, 2012 | RBC Bank (USA) | PNC Bank, N.A. |
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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