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.

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 1, 2012	Kit Carson State Bank	CO	The Eastern Colorado Bank
Dec 1, 2012	The Community Bank, A Massachusetts Cooperative Bank	MA	Eastern Bank
Dec 1, 2012	Water Company Employees Credit Union	IL	Catholic and Community Credit Union
Dec 1, 2012	Ashby Federal Credit Union	MN	Mid Minnesota Federal Credit Union
Dec 1, 2012	Osage Federal Bank	OK	American Heritage Bank
Nov 30, 2012	Nfta Employees Federal Credit Union	NY	Radius Federal Credit Union
Nov 30, 2012	DON-CO. Investment Company	KS	Pony Express Bancorp, Inc.
Nov 28, 2012	United Bank of Kansas	KS	Bank of Blue Valley
Nov 27, 2012	First White Oak Bancshares, Inc.	TX	VeraBank, Inc.
Nov 26, 2012	White Oak Bancshares, Inc.	TX	First White Oak Bancshares, Inc.
Nov 17, 2012	First Bank of Delaware	DE	The Bryn Mawr Trust Company
Nov 17, 2012	Citizens State Bank of Shakopee	MN	Stonebridge Bank
Nov 17, 2012	New England Bancshares, Inc.	CT	United Financial Bancorp, Inc.
Nov 17, 2012	New England Bank	CT	United Bank
Nov 17, 2012	The First National Bank of Platteville	WI	Wisconsin Bank & Trust
Nov 16, 2012	Slater Bancshares, Inc.	MO	Exchange Bancorp of Missouri, Inc.
Nov 16, 2012	State Bank of Slater	MO	Exchange Bank of Missouri
Nov 16, 2012	Cottage Savings Bank	OH	American Savings Bank, FSB
Nov 16, 2012	First Shares, Inc.	WI	Heartland Financial USA, Inc.
Nov 16, 2012	El Barrio Federal Credit Union	NY	Usalliance Federal Credit Union
Nov 15, 2012	Circle Bank	CA	Columbia Bank
Nov 15, 2012	Ryan Bancshares, Inc.	OK	First Summit Bank
Nov 15, 2012	Brewer Bancorp, Inc.	OK	First Summit Bank
Nov 13, 2012	Dallas Txdot Credit Union	TX	America's Credit Union
Nov 12, 2012	Housing Capital Company	CA	U.S. Bank N.A.
Nov 12, 2012	Saint Luke Parish Federal Credit Union	OH	Incenta Federal Credit Union
Nov 12, 2012	U.S. Bancorp Construction Funding, Inc.	MN	U.S. Bank N.A.
Nov 10, 2012	Mercy Health Services Employees Federal Credit Union	MD	Municipal Employees Credit Union of Baltimore, Inc
Nov 10, 2012	Central Co-operative Bank	MA	Rockland Trust Company
Nov 10, 2012	Central Bancorp, Inc.	MA	Independent Bank Corp.
Nov 10, 2012	(unnamed)	—	River Valley Financial Bank
Nov 5, 2012	Northstar Bank of Texas	TX	Northstar Bank
Nov 5, 2012	U.F.C.W. Union Local 880 Credit Union	OH	Firefighters Community Cu
Nov 3, 2012	Flatbush Federal Savings and Loan Association	NY	Northfield Bank
Nov 2, 2012	Inland Community Bank, National Association	CA	AmericanWest Bank
Nov 2, 2012	Icb Financial	CA	Starbuck Bancshares, Inc.
Nov 2, 2012	Kleberg Delaware, Inc.	DE	Kleberg and Company Bankers, Inc.
Nov 1, 2012	Quimper Community Federal Credit Union	WA	Kitsap Credit Union
Nov 1, 2012	Northcountry Cooperative Federal Credit Union	MN	Northwinds Federal Credit Union
Nov 1, 2012	ING Bank, FSB	DE	Capital One, N.A.
Nov 1, 2012	South Valley Bancorp, Inc.	OR	WaFd, Inc.
Nov 1, 2012	Asb Bank Holding Company	SD	Leackco Bank Holding Company, Inc.
Nov 1, 2012	South Valley Bank & Trust	OR	WaFd Bank
Nov 1, 2012	Bonner Springs Federal Credit Union	KS	MainStreet Federal Credit Union
Nov 1, 2012	Riverwest Federal Credit Union	OK	Oklahoma Central Credit Union
Nov 1, 2012	Shaw's Employees Federal Credit Union	ME	Trugrocer Federal Credit Union
Nov 1, 2012	Uti Employees Credit Union	PA	American Heritage Federal Credit Union
Nov 1, 2012	Elkhart Postal Employees Federal Credit Union	IN	Inova Federal Credit Union
Nov 1, 2012	Government Employees Credit Union	IA	Cent Credit Union
Nov 1, 2012	Tribune Credit Union	ID	Clearwater 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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