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 |
|---|---|---|
| Apr 3, 2012 | Se Financial Corp | Beneficial Bancorp, Inc. |
| Apr 3, 2012 | CVPS Employees Credit Union | Heritage Family Federal Credit Union |
| Apr 2, 2012 | Highlands Bancshares, Inc. | Legacytexas Financial Group, Inc. |
| Apr 2, 2012 | The First National Bank of Jacksboro | LegacyTexas Bank |
| Apr 2, 2012 | Olol Regional Federal Credit Union | Campus Federal Credit Union |
| Apr 1, 2012 | The Bank Arlington | Prosperity Bank |
| Apr 1, 2012 | I Bank Holding Company, Inc. | Independent Bank Group, Inc. |
| Apr 1, 2012 | Anderen Bank | 1st United Bank |
| Apr 1, 2012 | Anderen Financial, Inc. | 1st United Bancorp, Inc. |
| Apr 1, 2012 | I Bank Texas, SSB | Independent Bank |
| Apr 1, 2012 | The Chuo Mitsui Trust and Banking Co., Ltd. | Sumitomo Mitsui Trust Bank, Limited |
| Apr 1, 2012 | H H a Federal Credit Union | Space City Credit Union |
| Apr 1, 2012 | Tower Credit Union | Connexus Credit Union |
| Apr 1, 2012 | (unnamed) | Impact Bank |
| Apr 1, 2012 | K E M Credit Union | Leeco Credit Union |
| Apr 1, 2012 | Roanoke County Schools Federal Credit Union | Roanoke Valley Community Federal Credit Union |
| Apr 1, 2012 | U P W a District 1 Area 5 Credit Union | South Division Credit Union |
| Apr 1, 2012 | Pike County Teachers Federal Credit Union | Sunbelt Federal Credit Union |
| Apr 1, 2012 | Petroleum Associates Federal Credit Union | Energy One Federal Credit Union |
| Apr 1, 2012 | Prosperity Federal Credit Union | Pacific Transportation Federal Credit Union |
| Apr 1, 2012 | Oak Ridge School Federal Credit Union | Knoxville Teachers Federal Credit Union |
| Apr 1, 2012 | Arvin Employees Credit Union | Ozark Federal Credit Union |
| Apr 1, 2012 | Allegis Credit Union | Honor Credit Union dba Honor Investment Services |
| Apr 1, 2012 | The Wellsville Bank | Landmark National Bank |
| Apr 1, 2012 | Pocahy Family Federal Credit Union | Mountain America Federal Credit Union |
| Apr 1, 2012 | Calcasieu Federal Employees Credit Union | Southwest Louisiana Credit Union |
| Apr 1, 2012 | Circolo Campobello Di Licata Federal Credit Union | Empire One Federal Credit Union |
| Apr 1, 2012 | State Bank of Cokato | Kensington Bank |
| Apr 1, 2012 | Dixiecon Federal Credit Union | Hopewell Chemical Federal Credit Union |
| Mar 31, 2012 | Filene Federal Credit Union | Webster First Federal Credit Union |
| Mar 31, 2012 | Centrust Financial, Inc. | United Community Bancshares, Inc. |
| Mar 31, 2012 | Ely Steelworkers Credit Union | Northridge Community Credit Union |
| Mar 31, 2012 | Buffalo Fire Department Federal Credit Union | Crossroads Community Federal Credit Union |
| Mar 31, 2012 | Central York Federal Credit Union | White Rose Credit Union |
| Mar 31, 2012 | American Bank of Texas, National Association | American Bank of Texas |
| Mar 31, 2012 | Wilberforce University Federal Credit Union | Heartland Federal Credit Union |
| Mar 31, 2012 | Bliley Federal Credit Union | Widget Federal Credit Union |
| Mar 31, 2012 | Mon/Marine Federal Credit Union | Frick Financial Federal Credit Union |
| Mar 30, 2012 | Bonneville Bancorp | Green Dot Corporation |
| Mar 27, 2012 | Bluefield Municipal Employees Federal Credit Union | National Employees Federal Credit Union |
| Mar 24, 2012 | Union State Bank | First Community Bank |
| Mar 24, 2012 | Pilsen State Bank, Lincolnville, Kansas | Cottonwood Valley Bank |
| Mar 17, 2012 | State Bank of Bird Island | Frandsen Bank & Trust |
| Mar 17, 2012 | Bay Bank & Trust Co. | Trustmark Bank |
| Mar 15, 2012 | Crestmont Baptist Fcu | Freedom Credit Union |
| Mar 10, 2012 | Mainline National Bank | S & T Bank |
| Mar 10, 2012 | Town North Bank Nevada, N.A. | Dallas Capital Bank, National Association |
| Mar 10, 2012 | Mainline Bancorp, Inc. | S&T Bancorp, Inc. |
| Mar 8, 2012 | Times-News Employees Credit Union | Magic Valley Federal Credit Union |
| Mar 3, 2012 | RBC Bank (USA) | PNC Bank, N.A. |
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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