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 |
|---|---|---|
| Nov 1, 2012 | First Community Credit Union | Listerhill Credit Union |
| Nov 1, 2012 | Ufcw of America Federal Credit Union | Garden State Federal Credit Union |
| Nov 1, 2012 | Medical Care Employees Federal Credit Union | Seven Seventeen Credit Union Inc |
| Nov 1, 2012 | Dakota Heritage State Bank | Security Bank Midwest |
| Oct 31, 2012 | Scott A. T. O. Federal Credit Union | Good Neighbors Federal Credit Union |
| Oct 26, 2012 | First Community Bank | Equity Bank |
| Oct 26, 2012 | First Community Bancshares, Inc. | Equity Bancshares, Inc. |
| Oct 22, 2012 | BSC, Inc. | Forcht Bancorp, Inc. |
| Oct 20, 2012 | Service1st Bank of Nevada | Bank of Nevada |
| Oct 20, 2012 | 1st Commonwealth Bank of Virginia | FVCbank |
| Oct 20, 2012 | Garden City State Bank | KCB Bank |
| Oct 19, 2012 | Beacon Federal Bancorp, Inc. | Beacon Financial Corporation |
| Oct 19, 2012 | Beacon Federal | Berkshire Bank |
| Oct 18, 2012 | Western Liberty Bancorp | Western Alliance Bancorporation |
| Oct 17, 2012 | Electric Federal Credit Union | Excite Credit Union |
| Oct 16, 2012 | Marathon Banking Corporation | Investors Bancorp, Inc. |
| Oct 16, 2012 | Marathon National Bank of New York | Investors Bank |
| Oct 12, 2012 | Marathon State Bank | Peoples State Bank |
| Oct 12, 2012 | Malvern Federal Mutual Holding Company | Malvern Bancorp, Inc |
| Oct 12, 2012 | Southern Community Financial Corporation | Capital Bank Financial Corp. |
| Oct 12, 2012 | Southern Community Bank and Trust | Capital Bank Corporation |
| Oct 10, 2012 | Citizens South Bank | Park Sterling Bank |
| Oct 9, 2012 | MarkleBank | IAB Financial Bank |
| Oct 6, 2012 | M&I Bank of Mayville | BMO Harris Central N.A. |
| Oct 4, 2012 | Madison County Financial Corporation | Madison County Financial, Inc. |
| Oct 4, 2012 | Madison County Holding, MHC | Madison County Financial, Inc. |
| Oct 2, 2012 | Denison District Telephone Credit Union | Texas Telcom Credit Union |
| Oct 1, 2012 | Cat Federal Credit Union | Members 1st Federal Credit Union |
| Oct 1, 2012 | Hawaii Stevedores/Castle & Cooke-Hawaii Federal Credit Union | Aloha Pacific Federal Credit Union |
| Oct 1, 2012 | San Diego Jacl Federal Credit Union | Mission Federal Credit Union |
| Oct 1, 2012 | Santa Monica City Employees Federal Credit Union | Southland Credit Union |
| Oct 1, 2012 | BC3 Employees Federal Credit Union | Trumark Credit Union |
| Oct 1, 2012 | New Mexico Central Credit Union | Rio Grande Credit Union |
| Oct 1, 2012 | Cattleman's National Bank | Lone Star Capital Bank, National Association |
| Oct 1, 2012 | Ferndale Refinery Credit Union | Industrial Credit Union of Whatcom County |
| Oct 1, 2012 | Tri-State Federal Credit Union | Universal Federal Credit Union |
| Oct 1, 2012 | Saint Johns Federal Credit Union | Greater Texas Federal Credit Union |
| Oct 1, 2012 | PCH Federal Credit Union | Hudson Valley Federal Credit Union |
| Oct 1, 2012 | Community Healthcare Credit Union | Community Plus Federal Credit Union |
| Oct 1, 2012 | Spotswood Employees Federal Credit Union | First Point Federal Credit Union |
| Oct 1, 2012 | A-E Employees Credit Union | Financial Plus Credit Union |
| Oct 1, 2012 | Cca Knoxville Federal Credit Union | New South Credit Union |
| Oct 1, 2012 | First State Bank | First Victoria National Bank |
| Oct 1, 2012 | Byzantine Catholic Federal Credit Union | Unity Catholic Federal Credit Union |
| Oct 1, 2012 | Smith & Sons Employees Credit Union | Center Parc Credit Union |
| Oct 1, 2012 | Citizens South Banking Corporation | Park Sterling Corporation |
| Oct 1, 2012 | Community National Bank | Prosperity Bank |
| Oct 1, 2012 | United Community Bank, National Association | Independent Bank |
| Oct 1, 2012 | Peoples Mortgage Corporation | Peoples National Bank |
| Oct 1, 2012 | Metro Fellowship Federal Credit Union | South Side Community Federal Credit Union |
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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