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 |
|---|---|---|
| Nov 1, 2012 | First Community Credit Union | Listerhill Credit Union |
| Nov 1, 2012 | Ufcw of America Federal Credit Union | Garden State Federal Credit Union |
| Nov 1, 2012 | Medical Care Employees Federal Credit Union | Seven Seventeen Credit Union Inc |
| Nov 1, 2012 | Dakota Heritage State Bank | Security Bank Midwest |
| Oct 31, 2012 | Scott A. T. O. Federal Credit Union | Good Neighbors Federal Credit Union |
| Oct 26, 2012 | First Community Bank | Equity Bank |
| Oct 26, 2012 | First Community Bancshares, Inc. | Equity Bancshares, Inc. |
| Oct 22, 2012 | BSC, Inc. | Forcht Bancorp, Inc. |
| Oct 20, 2012 | Service1st Bank of Nevada | Bank of Nevada |
| Oct 20, 2012 | 1st Commonwealth Bank of Virginia | FVCbank |
| Oct 20, 2012 | Garden City State Bank | KCB Bank |
| Oct 19, 2012 | Beacon Federal Bancorp, Inc. | Beacon Financial Corporation |
| Oct 19, 2012 | Beacon Federal | Berkshire Bank |
| Oct 18, 2012 | Western Liberty Bancorp | Western Alliance Bancorporation |
| Oct 17, 2012 | Electric Federal Credit Union | Excite Credit Union |
| Oct 16, 2012 | Marathon Banking Corporation | Investors Bancorp, Inc. |
| Oct 16, 2012 | Marathon National Bank of New York | Investors Bank |
| Oct 12, 2012 | Marathon State Bank | Peoples State Bank |
| Oct 12, 2012 | Malvern Federal Mutual Holding Company | Malvern Bancorp, Inc |
| Oct 12, 2012 | Southern Community Financial Corporation | Capital Bank Financial Corp. |
| Oct 12, 2012 | Southern Community Bank and Trust | Capital Bank Corporation |
| Oct 10, 2012 | Citizens South Bank | Park Sterling Bank |
| Oct 9, 2012 | MarkleBank | IAB Financial Bank |
| Oct 6, 2012 | M&I Bank of Mayville | BMO Harris Central N.A. |
| Oct 4, 2012 | Madison County Financial Corporation | Madison County Financial, Inc. |
| Oct 4, 2012 | Madison County Holding, MHC | Madison County Financial, Inc. |
| Oct 2, 2012 | Denison District Telephone Credit Union | Texas Telcom Credit Union |
| Oct 1, 2012 | Cat Federal Credit Union | Members 1st Federal Credit Union |
| Oct 1, 2012 | Hawaii Stevedores/Castle & Cooke-Hawaii Federal Credit Union | Aloha Pacific Federal Credit Union |
| Oct 1, 2012 | San Diego Jacl Federal Credit Union | Mission Federal Credit Union |
| Oct 1, 2012 | Santa Monica City Employees Federal Credit Union | Southland Credit Union |
| Oct 1, 2012 | BC3 Employees Federal Credit Union | Trumark Credit Union |
| Oct 1, 2012 | New Mexico Central Credit Union | Rio Grande Credit Union |
| Oct 1, 2012 | Cattleman's National Bank | Lone Star Capital Bank, National Association |
| Oct 1, 2012 | Ferndale Refinery Credit Union | Industrial Credit Union of Whatcom County |
| Oct 1, 2012 | Tri-State Federal Credit Union | Universal Federal Credit Union |
| Oct 1, 2012 | Saint Johns Federal Credit Union | Greater Texas Federal Credit Union |
| Oct 1, 2012 | PCH Federal Credit Union | Hudson Valley Federal Credit Union |
| Oct 1, 2012 | Community Healthcare Credit Union | Community Plus Federal Credit Union |
| Oct 1, 2012 | Spotswood Employees Federal Credit Union | First Point Federal Credit Union |
| Oct 1, 2012 | A-E Employees Credit Union | Financial Plus Credit Union |
| Oct 1, 2012 | Cca Knoxville Federal Credit Union | New South Credit Union |
| Oct 1, 2012 | First State Bank | First Victoria National Bank |
| Oct 1, 2012 | Byzantine Catholic Federal Credit Union | Unity Catholic Federal Credit Union |
| Oct 1, 2012 | Smith & Sons Employees Credit Union | Center Parc Credit Union |
| Oct 1, 2012 | Citizens South Banking Corporation | Park Sterling Corporation |
| Oct 1, 2012 | Community National Bank | Prosperity Bank |
| Oct 1, 2012 | United Community Bank, National Association | Independent Bank |
| Oct 1, 2012 | Peoples Mortgage Corporation | Peoples National Bank |
| Oct 1, 2012 | Metro Fellowship Federal Credit Union | South Side Community Federal 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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