Skip to main content

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
May 12, 2012 Bank of Birch Tree MO Landmark Bank
May 5, 2012 First Bank of White SD First Bank & Trust
May 2, 2012 Wachovia Capital Investors, Inc. NC Wells Fargo & Company
May 1, 2012 Citizens Community Bank ID Glacier Bank
May 1, 2012 Western Security Bank MT Glacier Bank
May 1, 2012 Bank of the San Juans CO Glacier Bank
May 1, 2012 Kingdom Federal Credit Union VA Abnb Federal Credit Union
May 1, 2012 Mountain West Bank ID Glacier Bank
May 1, 2012 Big Sky Western Bank MT Glacier Bank
May 1, 2012 First Citizens of Paris, Inc. IL First Farmers Financial Corporation
May 1, 2012 The Citizens National Bank of Paris IL First Farmers Bank & Trust Co.
May 1, 2012 Ada Employees Credit Union TX Houston Highway Credit Union
May 1, 2012 1st Bank WY Glacier Bank
May 1, 2012 Capitol Finance Group, Inc. NC Wells Fargo & Company
May 1, 2012 Copiah-Lincoln Educators Federal Credit Union MS Mississippi Public Employees Federal Credit Union
May 1, 2012 First Security Bank of Missoula MT Glacier Bank
May 1, 2012 First Bank of Montana MT Glacier Bank
May 1, 2012 Valley Bank of Helena MT Glacier Bank
May 1, 2012 Emsco Credit Union UT P & S Credit Union
May 1, 2012 Area West Federal Credit Union TX Transtar Federal Credit Union
May 1, 2012 Access First Federal Credit Union MI United Bay Community Credit Union
May 1, 2012 Spectrum Federal Credit Union CA Chevron Federal Credit Union
May 1, 2012 Anderson South Carolina City Employees Federal Credit Union SC S.C. State Federal Credit Union
May 1, 2012 Saint Agnes Hospital Federal Credit Union CA Educational Employees Credit Union
May 1, 2012 Utelco Credit Union, Inc. OH Superior Credit Union Inc
May 1, 2012 Lorain County Postal Employees Credit Union, Inc. OH Ohio's First Class Credit Union
May 1, 2012 Elwood City Holy Redeemer Parish Federal Credit Union PA Freedom United Federal Credit Union
May 1, 2012 State Bank of Bricelyn MN Farmers Trust & Savings Bank
May 1, 2012 First Bank of Wyoming WY Glacier Bank
Apr 30, 2012 Intext Employees Federal Credit Union PA Net Federal Credit Union
Apr 30, 2012 St Agatha Federal Credit Union ME Acadia Federal Credit Union
Apr 27, 2012 Bank of Tokyo-Mitsubishi UFJ Trust Company CA Ub Leasing Corporation
Apr 25, 2012 The Peoples National Bank SC South State Bank
Apr 25, 2012 Peoples Bancorporation, Inc. SC SouthState Bank Corporation
Apr 25, 2012 Seneca National Bank SC South State Bank
Apr 25, 2012 Bank of Anderson, National Association SC South State Bank
Apr 23, 2012 Connecticut Energy Employees Credit Union, Inc. CT Mutual Security Credit Union, Inc.
Apr 21, 2012 First State Bank of Mapleton IA The Security National Bank of Sioux City, Iowa
Apr 21, 2012 Farmers State Bank of Dent MN United Community Bank
Apr 21, 2012 Centra Bank, Inc. WV United Bank
Apr 20, 2012 The Connecticut Bank and Trust Company CT Berkshire Bank
Apr 16, 2012 McKinley Memorial Federal Credit Union PA Freedom Credit Union
Apr 16, 2012 Gateway Bancshares, Inc. GA Builtwell Bancorp, Inc
Apr 14, 2012 Brazos Valley Bank, National Association TX American Momentum Bank
Apr 11, 2012 Frontier Bank NE Cornerstone Bank
Apr 7, 2012 Iscola Federal Credit Union LA Morton Weeks Federal Credit Union
Apr 7, 2012 Farmers National Bank KY Heritage Bank, Inc.
Apr 6, 2012 DB Holding Company, Inc. NE DS Holding Company, Inc.
Apr 4, 2012 Kenrick Federal Credit Union PA Trumark Credit Union
Apr 3, 2012 St. Edmond's Federal Savings Bank PA Beneficial Bank

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