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 |
|---|---|---|
| Sep 30, 2012 | South Berkeley Federal Credit Union | Bayer Heritage Federal Credit Union |
| Sep 30, 2012 | Agrico Chem Federal Credit Union | Shell Geismar Federal Credit Union |
| Sep 29, 2012 | Hartford Postal Employees Credit Union | American Eagle Financial Credit Union, Inc. |
| Sep 29, 2012 | Rochester Dairy Cooperative Credit Union | First Alliance Credit Union |
| Sep 29, 2012 | Trinity Credit Union | Power Credit Union |
| Sep 27, 2012 | Gmac European Auto Finance Holdings LLC | Ib Finance Holding Company, LLC |
| Sep 25, 2012 | Capital Bank Corporation | Capital Bank Financial Corp. |
| Sep 24, 2012 | The First National Bank of Southern Kansas | The First National Bank of Hutchinson |
| Sep 22, 2012 | First National Bank | Bell Bank |
| Sep 22, 2012 | Oceanic Bank Holding, Inc. | FNB Bancorp |
| Sep 22, 2012 | Oceanic Bank | First National Bank of Northern California |
| Sep 21, 2012 | Colorado Valley Bank,SSB | Pioneer Bank, SSB |
| Sep 21, 2012 | Gmac Latin America Holdings LLC | Ib Finance Holding Company, LLC |
| Sep 21, 2012 | TIB Financial Corp. | Capital Bank Financial Corp. |
| Sep 21, 2012 | La Grange Bancshares, Incorporated | Pioneer Bank, SSB |
| Sep 21, 2012 | Green Bankshares, Inc. | Capital Bank Financial Corp. |
| Sep 19, 2012 | Vamc Fayetteville Federal Credit Union | Vision Financial Federal Credit Union |
| Sep 15, 2012 | First Federal Savings Bank | Peoples Bank |
| Sep 15, 2012 | Keysource Financial, Inc. | BNC Bancorp |
| Sep 15, 2012 | Sistersville Bancorp, Inc. | Peoples Bancorp Inc. |
| Sep 15, 2012 | Keysource Commercial Bank | Bank of North Carolina |
| Sep 15, 2012 | Indiana Community Bancorp | Old National Bancorp |
| Sep 15, 2012 | Encore Bank, National Association | Cadence Bank, N.A. |
| Sep 15, 2012 | Gateway Bank & Trust | Builtwell Bank |
| Sep 15, 2012 | Indiana Bank and Trust Company | Old National Bank |
| Sep 5, 2012 | CR Community First Federal Credit Union | Black Hills Federal Credit Union |
| Sep 4, 2012 | PNC Mortgage Services, Inc. | PNC Bank, N.A. |
| Sep 4, 2012 | Tetco Employees Federal Credit Union | Benchmark Federal Credit Union |
| Sep 1, 2012 | Panhandle Public Employees Federal Credit Union | Potlatch NO.1 Financial Credit Union |
| Sep 1, 2012 | Inspire Community Development Federal Credit Union | Advia Credit Union |
| Sep 1, 2012 | Sonoran Bank, N.A. | KS Statebank |
| Sep 1, 2012 | (unnamed) | BMO Bank N.A. |
| Sep 1, 2012 | Central State Hospital Credit Union | CGR Credit Union |
| Sep 1, 2012 | Bay Pines Federal Credit Union | Midflorida Credit Union |
| Sep 1, 2012 | R T C Federal Credit Union | Transit Workers Federal Credit Union |
| Sep 1, 2012 | I-R Employees Federal Credit Union | Allegacy Federal Credit Union |
| Sep 1, 2012 | First Federal Savings and Loan Association of Pekin | Community Partners Savings Bank |
| Sep 1, 2012 | Indian River Federal Credit Union | Midflorida Credit Union |
| Sep 1, 2012 | East Kentucky Employees Federal Credit | Members Heritage Credit Union Inc |
| Sep 1, 2012 | Bilt Well Credit Union | Holy Ghost Parish Credit Union |
| Sep 1, 2012 | Rainbow Credit Union | Ripco Credit Union |
| Sep 1, 2012 | Massachusetts State Employees Credit Union | Metro Credit Union |
| Sep 1, 2012 | Chicago Heights Steel Credit Union | Illiana Financial Credit Union |
| Sep 1, 2012 | Charleston Postal Cooperative Federal Credit Union | CPM Federal Credit Union |
| Sep 1, 2012 | Alliant Bank | Legacy Bank |
| Sep 1, 2012 | Columbian Federal Credit Union | Unity Catholic Federal Credit Union |
| Sep 1, 2012 | Greater Ozarks Community Credit Union | Blucurrent Credit Union |
| Sep 1, 2012 | Memberstrust Credit Union | Bayport Federal Credit Union |
| Aug 29, 2012 | Baptist Employees Credit Union | First Carolina People's Credit Union |
| Aug 28, 2012 | Signature Bank | Equity Bank |
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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