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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
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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