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 1, 2012 | Florida Gulf Bank | Iberiabank |
| Aug 1, 2012 | Premier Commercial Bank, National Association | California United Bank |
| Aug 1, 2012 | American Security Bank and Trust Company | CapStar Bank |
| Aug 1, 2012 | Premier Commercial Bancorp | Cu Bancorp |
| Aug 1, 2012 | Florida Gulf Bancorp, Inc. | Iberiabank Corporation |
| Aug 1, 2012 | American Perspective Bank | Banc of California |
| Aug 1, 2012 | Realtors Federal Credit Union | Northwest Federal Credit Union |
| Jul 31, 2012 | (unnamed) | Bank of Belton |
| Jul 31, 2012 | Leasenet Group, LLC | The Huntington National Bank |
| Jul 31, 2012 | Voyager Fleet Systems Inc. | U.S. Bank N.A. ND |
| Jul 21, 2012 | Valliance Texas Financial Holdings, Inc. | Valliance Financial Corp. |
| Jul 21, 2012 | Houston Business Bank | Texas First Bank |
| Jul 21, 2012 | Valliance Bank | Valliance Bank |
| Jul 20, 2012 | F C Bankers Services, Inc. | F C Holdings, Inc. |
| Jul 17, 2012 | Heartland Bancshares, Inc. | Horizon Bancorp, Inc. |
| Jul 17, 2012 | Heartland Community Bank | Horizon Bank |
| Jul 16, 2012 | Yellowstone Trail Bancorporation | Ipswich Community Bancshares, Inc. |
| Jul 14, 2012 | State Bank of Carbondale | The First Security Bank |
| Jul 14, 2012 | State Bank & Trust Co. | The Bank of Commerce |
| Jul 13, 2012 | Bank of Naples | Central Bank |
| Jul 7, 2012 | Highland Falls Federal Savings and Loan Association | Wallkill Valley Federal Savings and Loan Association |
| Jul 6, 2012 | Citizens Automobile Finance, Inc | Citizens Bank, N.A. |
| Jul 6, 2012 | Oh Investment Corp. IV | Citizens Bank, N.A. |
| Jul 5, 2012 | N.M.H. Federal Credit Union | Community Regional Credit Union |
| Jul 3, 2012 | First State Bank | GNB Bank |
| Jul 3, 2012 | Security Business Bancorp | Starbuck Bancshares, Inc. |
| Jul 3, 2012 | Security Business Bank of San Diego | AmericanWest Bank |
| Jul 2, 2012 | The First State Bank of Burlingame | Flint Hills Bank |
| Jul 1, 2012 | Olan Mills Savings Association Credit Union | Trust Federal Credit Union |
| Jul 1, 2012 | Community Bank, Austin | Community National Bank |
| Jul 1, 2012 | First National Bank of Muskogee | Firstar Bank |
| Jul 1, 2012 | M&I Business Credit, LLC | BMO Bank N.A. |
| Jul 1, 2012 | First Munday Bancshares, Inc. | First Baird Bancshares, Inc. |
| Jul 1, 2012 | American State Financial Corporation | Prosperity Bancshares, Inc. |
| Jul 1, 2012 | Peoples Electric Power Credit Union | Utah Power Credit Union |
| Jul 1, 2012 | NYC Mercury Credit Union, Inc. | Eaton Family Credit Union |
| Jul 1, 2012 | Human Services Employees Credit Union | Center Parc Credit Union |
| Jul 1, 2012 | Baptist Regional Medical Federal Credit Union | Harvesters Federal Credit Union |
| Jul 1, 2012 | Family 1 Federal Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Jul 1, 2012 | Independence Parkway Federal Credit Union | Space City Credit Union |
| Jul 1, 2012 | Shoshone County School Employees Credit Union | Potlatch NO.1 Financial Credit Union |
| Jul 1, 2012 | Credit Union One Credit Union | American United Federal Credit Union |
| Jul 1, 2012 | American State Bank | Prosperity Bank |
| Jul 1, 2012 | First National Bank in Munday | First National Bank Baird |
| Jul 1, 2012 | Noridian Employees Credit Union | Capital Credit Union |
| Jul 1, 2012 | Madison V.A. Employees Credit Union | Dane County Credit Union |
| Jul 1, 2012 | Bellwood Federal Credit Union | Henrico Federal Credit Union |
| Jul 1, 2012 | Valleystone Credit Union | Polish National Credit Union |
| Jul 1, 2012 | Abaco Maryland Federal Credit Union | Atlantic Financial Federal Credit Union |
| Jul 1, 2012 | Moapa Valley Federal Credit Union | America First Federal Credit Union |
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 |
Browse adjacent years: 2011 · 2013
Or jump to a category: Failures · Mergers · Enforcement · Assistance