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 31, 2012	First Financial Bank	TX	First Financial Bank
Dec 31, 2012	UMB Bank Arizona, National Association	AZ	UMB Bank, N.A.
Dec 31, 2012	Ibfc Nevada Corporation	NV	TIB, Inc.
Dec 31, 2012	First Financial Bank, National Association	TX	First Financial Bank
Dec 31, 2012	First Financial Bank	TX	First Financial Bank
Dec 31, 2012	First Financial Bank, National Association	TX	First Financial Bank
Dec 31, 2012	State Center Credit Union	CA	Valley First Federal Credit Union
Dec 31, 2012	The First National Bank of Canton	TX	Texas Bank and Trust Company
Dec 31, 2012	First Financial Bank, National Association	TX	First Financial Bank
Dec 31, 2012	UMB National Bank of America	KS	UMB Bank, N.A.
Dec 31, 2012	UMB Bank Colorado, National Association	CO	UMB Bank, N.A.
Dec 31, 2012	First Financial Bank, National Association	TX	First Financial Bank
Dec 31, 2012	First Financial Bank, National Association	TX	First Financial Bank
Dec 31, 2012	First Financial Bank, National Association	TX	First Financial Bank
Dec 31, 2012	Bay Media Federal Credit Union	CA	San Francisco Fire Credit Union
Dec 31, 2012	Safeway Los Angeles Federal Credit Union	CA	Xceed Financial Credit Union
Dec 31, 2012	White Pine County School Employees Federal Credit Union	NV	Greater Nevada Credit Union
Dec 31, 2012	Morristown Federal Credit Union	NJ	Garden Savings Federal Credit Union
Dec 31, 2012	First Financial Bank, National Association	TX	First Financial Bank
Dec 31, 2012	First Financial Bank, National Association	TX	First Financial Bank
Dec 29, 2012	The Peoples State Bank	LA	Midsouth Bank, N.A.
Dec 29, 2012	PSB Financial Corporation	LA	Midsouth Bancorp, Inc.
Dec 28, 2012	Niagara Mohawk Power - Mohawk Division Federal Credit Union	NY	First Choice Financial Federal Credit Union
Dec 22, 2012	Alliance Bank Corporation	VA	Washingtonfirst Bank
Dec 22, 2012	The Nashua Bank	NH	Lake Sunapee Bank, FSB
Dec 22, 2012	Alliance Bankshares Corporation	VA	Washingtonfirst Bankshares, Inc.
Dec 22, 2012	Bbvapr Holding Corporation	PR	Ofg Bancorp
Dec 21, 2012	Banc Life Insurance Corporation	AZ	Associated Banc-Corp
Dec 20, 2012	Western Bancshares, Inc.	TX	Circle I Bank Group, Inc.
Dec 20, 2012	Hastings State Bank	NE	Pinnacle Bank
Dec 19, 2012	Banco Bilbao Vizcaya Argentaria Puerto Rico	PR	Oriental Bank
Dec 18, 2012	First State Bank of Joplin	MO	Pinnacle Bank
Dec 17, 2012	Murdock Bancor, Inc.	MN	Forstrom Bancorporation, Inc.
Dec 17, 2012	Ogden Bancshares, Inc.	IA	Visionbankshares, Inc.
Dec 15, 2012	Farmers National Bank of Kansas	KS	Goppert State Service Bank
Dec 15, 2012	Bank Capital Corporation	AZ	Grandpoint Capital, Inc.
Dec 15, 2012	Citizens State Bank	OK	First National Bank and Trust Company of Weatherford
Dec 15, 2012	Peoples Choice of San Antonio Federal Credit Union	TX	Soarion Federal Credit Union
Dec 14, 2012	Bryan Bank & Trust	GA	South State Bank
Dec 14, 2012	Southeast Bancshares, Inc.	TN	Education Loan Finance, Inc.
Dec 14, 2012	The Savannah Bancorp, Inc.	GA	SouthState Bank Corporation
Dec 14, 2012	The Savannah Bank, National Association	GA	South State Bank
Dec 14, 2012	L C School Employees Federal Credit Union	IN	Everwise Credit Union
Dec 12, 2012	Hyde Park Bank and Trust Company	IL	Beverly Bank & Trust Company, N.A.
Dec 12, 2012	HPK Financial Corporation	IL	Wintrust Financial Corporation
Dec 10, 2012	Lubco Bancshares, Inc.	TX	Commerce Bancshares, Inc.
Dec 8, 2012	Stone County National Bank	MO	Liberty Bank
Dec 8, 2012	Stone County National Bancshares, Inc.	MO	Liberty Bancshares, Inc
Dec 8, 2012	The Emmet County State Bank	IA	NorthStar Bank
Dec 8, 2012	Mansfield State Bank	SD	American Bank & Trust

The list holds 500 of the 612 mergers recorded for 2012.

Enforcement Actions in 2012

Action date	Agency	Institution	Action
Mar 15, 2012	OCC	Fort Lee Federal Savings Bank, FSB	Prompt Corrective Action (PCA) Directive: Fort Lee Federal Savings Bank, FSB
Mar 15, 2012	OCC	Atlas Bank	Formal Agreement: Atlas Bank
Mar 14, 2012	OCC	First National Bank of Absecon	Formal Agreement: The First National Bank of Absecon
Mar 12, 2012	FRB	(individual)	Section 19 Letters: Lal B. Singh
Mar 8, 2012	OCC	A J Smith Federal Savings Bank	Formal Agreement: A J Smith Federal Savings Bank
Mar 8, 2012 Released Mar 13, 2012	FRB	Central Texas Bancorp Inc	Written Agreement: Central Bancorp, Inc., Garland, Texas
Mar 8, 2012	OCC	First Federal Savings and Loan Association of Olathe	Civil Money Penalty (CMP): Ashlock, Dale Mitch
Mar 7, 2012	OCC	Mojave Desert Bank, National Association	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Mojave Desert Bank, National Association
Mar 6, 2012	OCC	First National Bank of Hartford	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Hartford
Mar 1, 2012	OCC	Chino Commercial Bank, N.A.	Civil Money Penalty (CMP): Wolfswinkel, Bernie
Mar 1, 2012	OCC	Chino Commercial Bank, N.A.	Civil Money Penalty (CMP): Vanderpool, Richard
Mar 1, 2012	OCC	Chino Commercial Bank, N.A.	Civil Money Penalty (CMP): Malooly, Richard
Mar 1, 2012	OCC	Chino Commercial Bank, N.A.	Civil Money Penalty (CMP): Kindsvater, Corky
Mar 1, 2012	OCC	Chino Commercial Bank, N.A.	Civil Money Penalty (CMP): Cooper, Linda
Mar 1, 2012	OCC	Chino Commercial Bank, N.A.	Civil Money Penalty (CMP): Caberto, Roger
Mar 1, 2012	OCC	Chino Commercial Bank, N.A.	Civil Money Penalty (CMP): Bowman, Dann
Mar 1, 2012	OCC	First Federal Savings and Loan Association of Independence	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First FS&LA of Independence
Mar 1, 2012	OCC	Chino Commercial Bank, N.A.	Civil Money Penalty (CMP): Woodbury, Thomas
Mar 1, 2012	OCC	Chino Commercial Bank, N.A.	Civil Money Penalty (CMP): Young, Jeanette
Feb 28, 2012	OCC	The First National Bank of Niagara	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Niagara
Feb 28, 2012	OCC	Tulsa National Bank	Formal Agreement: Tulsa National Bank
Feb 28, 2012	OCC	Auburn Savings Bank, FSB	Formal Agreement: Auburn Savings Bank, FSB
Feb 27, 2012	OCC	Bank of America, N.A.	Formal Agreement: Bank of America, National Association
Feb 24, 2012	OCC	Citibank, N.A.	Formal Agreement: Citibank, National Association
Feb 23, 2012	OCC	Associated Bank, N.A.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Associated Bank, National Association
Feb 22, 2012	OCC	JPMorgan Chase Bank, N.A.	Formal Agreement: JPMorgan Chase Bank, National Association
Feb 22, 2012	OCC	Wells Fargo Bank, N.A.	Formal Agreement: Wells Fargo Bank, National Association
Feb 22, 2012	OCC	City National Bank	Prohibition/Removal Orders: Baccei, Cheryl
Feb 21, 2012	OCC	The First National Bank in Tremont	Civil Money Penalty (CMP): Sommer, James
Feb 21, 2012	OCC	Liberty Savings Bank, FSB	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Liberty Savings Bank, F.S.B.
Feb 21, 2012	OCC	The First National Bank in Tremont	Civil Money Penalty (CMP): Baer, John
Feb 21, 2012	OCC	The First National Bank in Tremont	Civil Money Penalty (CMP): Boyle, Connie
Feb 21, 2012	OCC	The First National Bank in Tremont	Civil Money Penalty (CMP): Green, Jerome
Feb 21, 2012	OCC	The First National Bank in Tremont	Civil Money Penalty (CMP): Shafer, Jim
Feb 21, 2012	OCC	The First National Bank in Tremont	Civil Money Penalty (CMP): Snider, David
Feb 21, 2012	OCC	The First National Bank in Tremont	Civil Money Penalty (CMP): Weer, Sherri
Feb 21, 2012	OCC	Britton & Koontz Capital Corporation	Formal Agreement: Britton & Koontz Bank, National Association
Feb 17, 2012	OCC	Sovereign Reit Holdings, Inc.	Prohibition/Removal Orders: Rozhik, Richard
Feb 17, 2012	OCC	Mutual Federal Bank	Formal Agreement: Mutual Federal Bank
Feb 17, 2012 Released Feb 23, 2012	FRB	(individual)	Written Agreement: Commerce Bancshares, Inc., Edina, Minnesota
Feb 16, 2012	OCC	Lee County Bancorp., Inc.	Formal Agreement: Lee County Bank & Trust, National Association
Feb 13, 2012	FRB	Citigroup Inc.	Civil Money Penalty, $22,000,000: Citigroup Inc., New York, New York
Feb 13, 2012	OCC	Bank 360	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bank 360
Feb 10, 2012 Released Feb 13, 2012	FRB	Ally Financial Inc.	Civil Money Penalty, $207,000,000: Ally Financial Inc., Detroit, Michigan;Residential Capital, LLC, Minneapolis, Minnesota; and …
Feb 9, 2012 Released Feb 13, 2012	FRB	JPMorgan Chase & Co.	Civil Money Penalty, $275,000,000: JPMorgan Chase & Co., New York, New York and EMC …
Feb 9, 2012 Released Feb 13, 2012	FRB	Wells Fargo & Company	Civil Money Penalty, $87,000,000: Wells Fargo & Company, San Francisco, California
Feb 9, 2012 Released Feb 13, 2012	FRB	Bank of America Corporation	Civil Money Penalty, $175,500,000: Bank of America Corporation, Charlotte, North Carolina
Feb 8, 2012 Released Feb 23, 2017	FRB	(individual)	Written Agreement: Commerce Bancshares, Inc., Franklin, Tennessee
Feb 7, 2012	OCC	(individual)	Civil Money Penalty (CMP): States, Alan
Feb 7, 2012	OCC	(individual)	Civil Money Penalty (CMP): States, Carolyn

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