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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
May 12, 2012 Bank of Birch Tree MO Landmark Bank
May 5, 2012 First Bank of White SD First Bank & Trust
May 2, 2012 Wachovia Capital Investors, Inc. NC Wells Fargo & Company
May 1, 2012 Citizens Community Bank ID Glacier Bank
May 1, 2012 Western Security Bank MT Glacier Bank
May 1, 2012 Bank of the San Juans CO Glacier Bank
May 1, 2012 Kingdom Federal Credit Union VA Abnb Federal Credit Union
May 1, 2012 Mountain West Bank ID Glacier Bank
May 1, 2012 Big Sky Western Bank MT Glacier Bank
May 1, 2012 First Citizens of Paris, Inc. IL First Farmers Financial Corporation
May 1, 2012 The Citizens National Bank of Paris IL First Farmers Bank & Trust Co.
May 1, 2012 Ada Employees Credit Union TX Houston Highway Credit Union
May 1, 2012 1st Bank WY Glacier Bank
May 1, 2012 Capitol Finance Group, Inc. NC Wells Fargo & Company
May 1, 2012 Copiah-Lincoln Educators Federal Credit Union MS Mississippi Public Employees Federal Credit Union
May 1, 2012 First Security Bank of Missoula MT Glacier Bank
May 1, 2012 First Bank of Montana MT Glacier Bank
May 1, 2012 Valley Bank of Helena MT Glacier Bank
May 1, 2012 Emsco Credit Union UT P & S Credit Union
May 1, 2012 Area West Federal Credit Union TX Transtar Federal Credit Union
May 1, 2012 Access First Federal Credit Union MI United Bay Community Credit Union
May 1, 2012 Spectrum Federal Credit Union CA Chevron Federal Credit Union
May 1, 2012 Anderson South Carolina City Employees Federal Credit Union SC S.C. State Federal Credit Union
May 1, 2012 Saint Agnes Hospital Federal Credit Union CA Educational Employees Credit Union
May 1, 2012 Utelco Credit Union, Inc. OH Superior Credit Union Inc
May 1, 2012 Lorain County Postal Employees Credit Union, Inc. OH Ohio's First Class Credit Union
May 1, 2012 Elwood City Holy Redeemer Parish Federal Credit Union PA Freedom United Federal Credit Union
May 1, 2012 State Bank of Bricelyn MN Farmers Trust & Savings Bank
May 1, 2012 First Bank of Wyoming WY Glacier Bank
Apr 30, 2012 Intext Employees Federal Credit Union PA Net Federal Credit Union
Apr 30, 2012 St Agatha Federal Credit Union ME Acadia Federal Credit Union
Apr 27, 2012 Bank of Tokyo-Mitsubishi UFJ Trust Company CA Ub Leasing Corporation
Apr 25, 2012 The Peoples National Bank SC South State Bank
Apr 25, 2012 Peoples Bancorporation, Inc. SC SouthState Bank Corporation
Apr 25, 2012 Seneca National Bank SC South State Bank
Apr 25, 2012 Bank of Anderson, National Association SC South State Bank
Apr 23, 2012 Connecticut Energy Employees Credit Union, Inc. CT Mutual Security Credit Union, Inc.
Apr 21, 2012 First State Bank of Mapleton IA The Security National Bank of Sioux City, Iowa
Apr 21, 2012 Farmers State Bank of Dent MN United Community Bank
Apr 21, 2012 Centra Bank, Inc. WV United Bank
Apr 20, 2012 The Connecticut Bank and Trust Company CT Berkshire Bank
Apr 16, 2012 McKinley Memorial Federal Credit Union PA Freedom Credit Union
Apr 16, 2012 Gateway Bancshares, Inc. GA Builtwell Bancorp, Inc
Apr 14, 2012 Brazos Valley Bank, National Association TX American Momentum Bank
Apr 11, 2012 Frontier Bank NE Cornerstone Bank
Apr 7, 2012 Iscola Federal Credit Union LA Morton Weeks Federal Credit Union
Apr 7, 2012 Farmers National Bank KY Heritage Bank, Inc.
Apr 6, 2012 DB Holding Company, Inc. NE DS Holding Company, Inc.
Apr 4, 2012 Kenrick Federal Credit Union PA Trumark Credit Union
Apr 3, 2012 St. Edmond's Federal Savings Bank PA Beneficial 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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