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 |
|---|---|---|
| Aug 1, 2012 | Florida Gulf Bank | Iberiabank |
| Aug 1, 2012 | Premier Commercial Bank, National Association | California United Bank |
| Aug 1, 2012 | American Security Bank and Trust Company | CapStar Bank |
| Aug 1, 2012 | Premier Commercial Bancorp | Cu Bancorp |
| Aug 1, 2012 | Florida Gulf Bancorp, Inc. | Iberiabank Corporation |
| Aug 1, 2012 | American Perspective Bank | Banc of California |
| Aug 1, 2012 | Realtors Federal Credit Union | Northwest Federal Credit Union |
| Jul 31, 2012 | (unnamed) | Bank of Belton |
| Jul 31, 2012 | Leasenet Group, LLC | The Huntington National Bank |
| Jul 31, 2012 | Voyager Fleet Systems Inc. | U.S. Bank N.A. ND |
| Jul 21, 2012 | Valliance Texas Financial Holdings, Inc. | Valliance Financial Corp. |
| Jul 21, 2012 | Houston Business Bank | Texas First Bank |
| Jul 21, 2012 | Valliance Bank | Valliance Bank |
| Jul 20, 2012 | F C Bankers Services, Inc. | F C Holdings, Inc. |
| Jul 17, 2012 | Heartland Bancshares, Inc. | Horizon Bancorp, Inc. |
| Jul 17, 2012 | Heartland Community Bank | Horizon Bank |
| Jul 16, 2012 | Yellowstone Trail Bancorporation | Ipswich Community Bancshares, Inc. |
| Jul 14, 2012 | State Bank of Carbondale | The First Security Bank |
| Jul 14, 2012 | State Bank & Trust Co. | The Bank of Commerce |
| Jul 13, 2012 | Bank of Naples | Central Bank |
| Jul 7, 2012 | Highland Falls Federal Savings and Loan Association | Wallkill Valley Federal Savings and Loan Association |
| Jul 6, 2012 | Citizens Automobile Finance, Inc | Citizens Bank, N.A. |
| Jul 6, 2012 | Oh Investment Corp. IV | Citizens Bank, N.A. |
| Jul 5, 2012 | N.M.H. Federal Credit Union | Community Regional Credit Union |
| Jul 3, 2012 | First State Bank | GNB Bank |
| Jul 3, 2012 | Security Business Bancorp | Starbuck Bancshares, Inc. |
| Jul 3, 2012 | Security Business Bank of San Diego | AmericanWest Bank |
| Jul 2, 2012 | The First State Bank of Burlingame | Flint Hills Bank |
| Jul 1, 2012 | Olan Mills Savings Association Credit Union | Trust Federal Credit Union |
| Jul 1, 2012 | Community Bank, Austin | Community National Bank |
| Jul 1, 2012 | First National Bank of Muskogee | Firstar Bank |
| Jul 1, 2012 | M&I Business Credit, LLC | BMO Bank N.A. |
| Jul 1, 2012 | First Munday Bancshares, Inc. | First Baird Bancshares, Inc. |
| Jul 1, 2012 | American State Financial Corporation | Prosperity Bancshares, Inc. |
| Jul 1, 2012 | Peoples Electric Power Credit Union | Utah Power Credit Union |
| Jul 1, 2012 | NYC Mercury Credit Union, Inc. | Eaton Family Credit Union |
| Jul 1, 2012 | Human Services Employees Credit Union | Center Parc Credit Union |
| Jul 1, 2012 | Baptist Regional Medical Federal Credit Union | Harvesters Federal Credit Union |
| Jul 1, 2012 | Family 1 Federal Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Jul 1, 2012 | Independence Parkway Federal Credit Union | Space City Credit Union |
| Jul 1, 2012 | Shoshone County School Employees Credit Union | Potlatch NO.1 Financial Credit Union |
| Jul 1, 2012 | Credit Union One Credit Union | American United Federal Credit Union |
| Jul 1, 2012 | American State Bank | Prosperity Bank |
| Jul 1, 2012 | First National Bank in Munday | First National Bank Baird |
| Jul 1, 2012 | Noridian Employees Credit Union | Capital Credit Union |
| Jul 1, 2012 | Madison V.A. Employees Credit Union | Dane County Credit Union |
| Jul 1, 2012 | Bellwood Federal Credit Union | Henrico Federal Credit Union |
| Jul 1, 2012 | Valleystone Credit Union | Polish National Credit Union |
| Jul 1, 2012 | Abaco Maryland Federal Credit Union | Atlantic Financial Federal Credit Union |
| Jul 1, 2012 | Moapa Valley Federal Credit Union | America First 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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