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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
Jul 1, 2012 Moorhead Federal Credit Union MN Magnifi Financial Credit Union
Jul 1, 2012 R M H Federal Credit Union WV Bayer Heritage Federal Credit Union
Jul 1, 2012 Inland Empire Credit Union CA Credit Union of Southern California, a Federal Credit Union
Jul 1, 2012 First National Bank of the Mid-Cities TX First National Bank Baird
Jul 1, 2012 Queen Street Baptist Church Federal Credit Union VA Langley Federal Credit Union
Jul 1, 2012 Natick Federal Savings Bank MA Mutualone Bank
Jul 1, 2012 Ufcw Local 342 Federal Credit Union NY Fourleaf Federal Credit Union
Jul 1, 2012 Fergus Falls Community Federal Credit Union MN Otter Tail Credit Union
Jul 1, 2012 West Ohio United Methodist Credit Union, Inc. OH Christian Family Credit Union, Inc.
Jun 30, 2012 New Bethel Ame Federal Credit Union PA Philadelphia Federal Credit Union
Jun 30, 2012 Community Bank - Missoula MT Community Bank, Inc.
Jun 30, 2012 East Bay Postal Credit Union CA F3 Credit Union
Jun 30, 2012 Hometown Credit Union IL United Community Credit Union
Jun 30, 2012 Lower Bucks Hospital Federal Credit Union PA American Heritage Federal Credit Union
Jun 30, 2012 Hazleton Newspaper Employees Federal Credit Union PA Scranton Downtown Federal Credit Union
Jun 30, 2012 Cleaver Brooks Credit Union WI Appletree Credit Union
Jun 23, 2012 First Federal Savings Bank of Iowa IA Great Western Bank
Jun 23, 2012 Union Bank In Liquidation MO Arvest Bank
Jun 23, 2012 North Central Bancshares, Inc. IA Great Western Bancorporation, Inc.
Jun 23, 2012 Williamstown Savings Bank MA Mountainone Bank
Jun 19, 2012 Cal Fed Holdings, Inc. CA Citibank, N.A.
Jun 9, 2012 First Texas Bank TX First Texas Bank
Jun 9, 2012 Sparks City Employees Federal Credit Union NV Great Basin Federal Credit Union
Jun 9, 2012 Hampshire First Bank NH NBT Bank, N.A.
Jun 2, 2012 Our Lady of Health Federal Credit Union MA Westport Federal Credit Union
Jun 1, 2012 The Palm Bank FL C1 Bank
Jun 1, 2012 CGB Holdings, Inc. CA Bank of Manhattan, N.A.
Jun 1, 2012 Professional Business Bank CA Bank of Manhattan, N.A.
Jun 1, 2012 Virginia Savings Bancorp, Inc. VA City Holding Company
Jun 1, 2012 Opportunity Bancshares, Inc. TX Green Bancorp, Inc.
Jun 1, 2012 Opportunity Bank, National Association TX Green Bank, National Association
Jun 1, 2012 Peoples Bank of Virginia VA First Community Bank
Jun 1, 2012 CommerceFirst Bank MD Sandy Spring Bank
Jun 1, 2012 Commercefirst Bancorp, Inc. MD Sandy Spring Bancorp, Inc.
Jun 1, 2012 Valrico State Bank FL SouthState Bank, N.A.
Jun 1, 2012 Lee County Postal Employees Credit Union FL Tampa Postal Federal Credit Union
Jun 1, 2012 Georgia Department Public Safety Credit Union GA Justice Federal Credit Union
Jun 1, 2012 Metro Credit Union WI Centricity Credit Union
Jun 1, 2012 Central Michigan Community Federal Credit Union MI Members First Credit Union dba Members First Investment Services
Jun 1, 2012 Moultrie Employees Federal Credit Union GA Doco Credit Union
Jun 1, 2012 Virginia Savings Bank, F.S.B. VA City National Bank of West Virginia
Jun 1, 2012 Automotive Service Association of Pa., Inc., Federal Credit Union PA Washington Area Teachers Federal Credit Union
Jun 1, 2012 Atlanta Teachers Federal Credit Union GA Credit Union of Atlanta
May 31, 2012 Patriot Holdings Nevada, Inc. NV Patriot Bancshares, Inc.
May 31, 2012 I.B.E.W. Local B-649 Credit Union IL Laclede Community Credit Union
May 31, 2012 CY-Hannibal Credit Union MO United Community Credit Union
May 29, 2012 Commercial Metals Federal Credit Union TX America's Credit Union
May 26, 2012 Premier Bank KS ANB Bank
May 21, 2012 Evergreen Bancshares, Inc. MN Mesaba Bancshares, Inc.
May 15, 2012 Davidson Trust Company PA The Bryn Mawr Trust Company

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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