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 |
|---|---|---|---|
| May 7, 2012 | OCC | Pickens Savings and Loan Association, Federal Association | Formal Agreement: Pickens S & LA, Fa |
| May 4, 2012 | OCC | BMO Bank N.A. | Prohibition/Removal Orders: Keith, Jason C. |
| May 4, 2012 | OCC | Lifestore Bank | Formal Agreement: Lifestore Bank |
| May 2, 2012 Released May 10, 2012 | FRB | Allied Bank | Written Agreement: ACME Holding Company, Inc., Employee Stock Ownership Plan, ACME Holding Company, Inc., … |
| Apr 24, 2012 | OCC | Hudson Valley Bank, N.A. | Formal Agreement: Hudson Valley Bank, National Association |
| Apr 23, 2012 Released Apr 24, 2012 | FRB | (individual) | Written Agreement: Community West Bancshares, Goleta, California |
| Apr 20, 2012 Released Apr 24, 2012 | FRB | Truman Bank | Prompt Corrective Action: Truman Bank, Clayton, Missouri |
| Apr 20, 2012 Released Apr 24, 2012 | FRB | Pacific International Bancorp, Inc. | Written Agreement: Pacific International Bancorp, Seattle, Washington |
| Apr 19, 2012 | OCC | United Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): United Bank |
| Apr 19, 2012 | OCC | The First National Bank of Wamego | Formal Agreement: The First National Bank of Wamego |
| Apr 19, 2012 Released Apr 25, 2012 | FRB | First Community Bank of Tennessee | Written Agreement: Community First, Inc., Columbia, Tennessee |
| Apr 17, 2012 | FRB | Morgan Stanley | Section 19 Letters: Garth Peterson |
| Apr 17, 2012 | FRB | United Bank, Inc. | Section 19 Letters: Roy Cooper |
| Apr 16, 2012 | OCC | (individual) | Formal Agreement: First National Bank |
| Apr 16, 2012 | FRB | North Shore Community Bank & Trust Company | Section 19 Letters: Zohaib Ahmed |
| Apr 16, 2012 | FRB | Marshall & Ilsley Trust Company | Section 19 Letters: Theresa A. Russell |
| Apr 16, 2012 | FRB | Royal Bank of Canada | Section 19 Letters: Nazreen Mohammed |
| Apr 16, 2012 | FRB | RBC Centura Bank | Section 19 Letters: Jennifer Hollifield Simpson |
| Apr 13, 2012 Released Apr 16, 2012 | FRB | (individual) | Cease and Desist Order: Bank of New York Mellon, New York, New York |
| Apr 13, 2012 Released Apr 16, 2012 | FRB | The Bank of New York Mellon | Civil Money Penalty, $6,000,000: THE BANK OF NEW YORK MELLON, New York, New York |
| Apr 12, 2012 | OCC | Alabama Trust Bank, N.A. | Prompt Corrective Action (PCA) Directive: Alabama Trust Bank, National Association |
| Apr 12, 2012 | OCC | (individual) | Formal Agreement: Flatbush FS & LA |
| Apr 11, 2012 | OCC | Home Savings Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Home Savings Bank |
| Apr 10, 2012 | FRB | (individual) | Cease and Desist Order: Louis A. DeNaples |
| Apr 10, 2012 Released Apr 12, 2012 | FRB | Raton Capital Corporation | Written Agreement: Raton Capital Corporation, Raton, New Mexico |
| Apr 5, 2012 | OCC | First Federal Bank Texas | Formal Agreement: First Federal Bank Texas |
| Apr 5, 2012 | FRB | American Express Travel Related Services Company, Inc. | Section 19 Letters: Timothy J. Curley |
| Apr 5, 2012 | OCC | Citibank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Citibank, National Association |
| Apr 4, 2012 | OCC | The Putnam County National Bank of Carmel | Formal Agreement: The Putnam County National Bank of Carmel |
| Apr 3, 2012 Released Apr 12, 2012 | FRB | (individual) | Written Agreement: NCAL Bancorp, Los Angeles, California |
| Apr 2, 2012 | FRB | Espirito Santo E Comercial De Lisboa, Inc. | Cease and Desist Order: Banco Espírito Santo S.A. (Banco Espirito Santo S.A.), Lisbon, Portugal … |
| Apr 2, 2012 | FRB | Espirito Santo E Comercial De Lisboa, Inc. | Civil Money Penalty, $975,000: Banco Espírito Santo S.A. (Banco Espirito Santo S.A.), Lisbon, Portugal … |
| Apr 2, 2012 | FRB | New Peoples Bank, Inc. | Section 19 Letters: Lisa Marie O'Quinn |
| Apr 2, 2012 | OCC | Trustmark National Bank | Civil Money Penalty (CMP): Trustmark National Bank |
| Apr 2, 2012 Released Apr 3, 2012 | FRB | Morgan Stanley | Cease and Desist Order: Morgan Stanley, New York, New York |
| Mar 28, 2012 | OCC | Southbank, Federal Savings Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Southbank, A Federal Savings Bank |
| Mar 28, 2012 | OCC | SouthBank, a Federal Savings Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Southbank, A Federal Savings Bank |
| Mar 27, 2012 | FRB | American Express Travel Related Services Company, Inc. | Section 19 Letters: Lori Tropiano |
| Mar 23, 2012 | OCC | Security Bank, N.A. | Prompt Corrective Action (PCA) Directive: Security Bank National Association |
| Mar 22, 2012 Released Mar 27, 2012 | FRB | Orrstown Financial Services, Inc. | Written Agreement: Orrstown Financial Services, Inc, and Orrstown Bank, both of Shippensburg, Pennsylvania |
| Mar 22, 2012 | OCC | Flint River National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Flint River National Bank |
| Mar 22, 2012 | FRB | M&T Bank Corporation | Section 19 Letters: Malcolm F. Wilson |
| Mar 22, 2012 | OCC | Mission National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Mission National Bank |
| Mar 22, 2012 | OCC | Bank of St. Augustine | Formal Agreement: Bank of St. Augustine |
| Mar 21, 2012 | OCC | Metropolitan National Bancshares, Inc. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Metropolitan National Bank |
| Mar 20, 2012 | FRB | (individual) | Section 19 Letters: Danielle M. Keane |
| Mar 20, 2012 | FRB | M&T Bank Corporation | Section 19 Letters: Kenneth Nierenberg |
| Mar 19, 2012 | OCC | Sterling Bank and Trust, FSB | Formal Agreement: Sterling Bank and Trust, FSB |
| Mar 19, 2012 Released Mar 22, 2012 | FRB | Remer Bancorporation, Inc. | Written Agreement: Remer Bancorporation, Inc., Remer, Minnesota |
| Mar 16, 2012 | OCC | The First National Bank of Talladega | Formal Agreement: The First National Bank of Talladega |
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