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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
Dec 8, 2012 White Hall Bank IL Peoples Bank & Trust
Dec 8, 2012 Wemple State Bank IL Peoples Bank & Trust
Dec 6, 2012 The Troy State Bank KS Exchange Bank & Trust
Dec 6, 2012 City National Bancshares, Inc. NE BBJ Incorporated
Dec 6, 2012 CNB Community Bank NE First National Bank in Ord
Dec 3, 2012 Santa Barbara Bank & Trust, National Association CA MUFG Union Bank, National Association
Dec 3, 2012 Pacific Capital Bancorp CA Mufg Americas Holdings Corporation
Dec 2, 2012 Kapalama Pacific Federal Credit Union HI Hawaii Central Federal Credit Union
Dec 1, 2012 Armstrong Preferred Members Federal Credit Union IL Illiana Financial Credit Union
Dec 1, 2012 Oasis Bank, SSB TX Spirit of Texas Bank, SSB
Dec 1, 2012 Osage Bancshares, Inc. OK American Bancorporation, Inc.
Dec 1, 2012 VantageSouth Bank NC Vantagesouth Bank
Dec 1, 2012 Bank 1st Financial Corporation NM Main Banc, Inc.
Dec 1, 2012 Lone Summit Bank MO Great American Bank
Dec 1, 2012 California Community Bank CA Regents Bank, N.A.
Dec 1, 2012 First Trust Bank NC Bank of North Carolina
Dec 1, 2012 Western Reserve Bank OH Westfield Bank, FSB
Dec 1, 2012 Western Reserve Bancorp, Inc. OH Westfield Bancorp
Dec 1, 2012 Bank 1st NM Main Bank
Dec 1, 2012 Select Bank MI First Community Bank
Dec 1, 2012 Campello Bancorp MA Eastern Bankshares Inc
Dec 1, 2012 Premier Bank FL Centennial Bank
Dec 1, 2012 Fidelity Bancorp, Inc. PA WesBanco, Inc.
Dec 1, 2012 PlainsCapital Corporation TX PlainsCapital Corporation
Dec 1, 2012 First Southeast Missouri Bancorporation, Inc. MO Reliable Community Bancshares, Inc.
Dec 1, 2012 Sulphur Community Bancshares, Inc. OK Vision Bancshares, Inc.
Dec 1, 2012 Kit Carson Insurance Agency, Inc. CO Weed Investment Group, Inc.
Dec 1, 2012 Garment Workers Federal Credit Union MA Saint Anthony of Padua Federal Credit Union
Dec 1, 2012 Citizens Bank of Blythedale MO Verimore Bank
Dec 1, 2012 T & P Federal Credit Union TX Cosden Federal Credit Union
Dec 1, 2012 State Bank of Ledyard IA Bank Plus
Dec 1, 2012 Merrimack College Federal Credit Union MA Brightbridge Credit Union
Dec 1, 2012 Wrigley Associates Credit Union IL Healthcare Associates Credit Union
Dec 1, 2012 Security Bank and Trust Company MO The Bank of Missouri
Dec 1, 2012 Fannie Mae Federal Credit Union DC The Partnership Federal Credit Union
Dec 1, 2012 Total Assurance Federal Credit Union OH Telhio Credit Union, Inc.
Dec 1, 2012 Fidelity Savings Bank PA WesBanco Bank, Inc.
Dec 1, 2012 Health Care Professionals of Napa Federal Credit Union CA Community First Credit Union
Dec 1, 2012 Yale Security, Inc. Federal Credit Union NC Lithium Federal Credit Union
Dec 1, 2012 Koloa Federal Credit Union HI Garden Island Federal Credit Union
Dec 1, 2012 Trailview Federal Credit Union OH Sun Federal Credit Union
Dec 1, 2012 E*trade United Bank VA E*trade Bank
Dec 1, 2012 Hull Federal Savings Bank MD Kopernik Bank
Dec 1, 2012 Niagara County's Federal Credit Union NY Niagara's Choice Federal Credit Union
Dec 1, 2012 Community Bank of the Arbuckles OK Vision Bank
Dec 1, 2012 New River Valley Truck Plant Federal Credit Union VA Truliant Federal Credit Union
Dec 1, 2012 State Bank of Prairie du Rocher IL Buena Vista National Bank
Dec 1, 2012 Circle K Credit Union IA Integrus Credit Union
Dec 1, 2012 East Coast Credit Union NC Piedmont Advantage Credit Union
Dec 1, 2012 Southwest Missouri Credit Union MO Multipli Credit Union

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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