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 |
|---|---|---|
| Jul 1, 2012 | Moorhead Federal Credit Union | Magnifi Financial Credit Union |
| Jul 1, 2012 | R M H Federal Credit Union | Bayer Heritage Federal Credit Union |
| Jul 1, 2012 | Inland Empire Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Jul 1, 2012 | First National Bank of the Mid-Cities | First National Bank Baird |
| Jul 1, 2012 | Queen Street Baptist Church Federal Credit Union | Langley Federal Credit Union |
| Jul 1, 2012 | Natick Federal Savings Bank | Mutualone Bank |
| Jul 1, 2012 | Ufcw Local 342 Federal Credit Union | Fourleaf Federal Credit Union |
| Jul 1, 2012 | Fergus Falls Community Federal Credit Union | Otter Tail Credit Union |
| Jul 1, 2012 | West Ohio United Methodist Credit Union, Inc. | Christian Family Credit Union, Inc. |
| Jun 30, 2012 | New Bethel Ame Federal Credit Union | Philadelphia Federal Credit Union |
| Jun 30, 2012 | Community Bank - Missoula | Community Bank, Inc. |
| Jun 30, 2012 | East Bay Postal Credit Union | F3 Credit Union |
| Jun 30, 2012 | Hometown Credit Union | United Community Credit Union |
| Jun 30, 2012 | Lower Bucks Hospital Federal Credit Union | American Heritage Federal Credit Union |
| Jun 30, 2012 | Hazleton Newspaper Employees Federal Credit Union | Scranton Downtown Federal Credit Union |
| Jun 30, 2012 | Cleaver Brooks Credit Union | Appletree Credit Union |
| Jun 23, 2012 | First Federal Savings Bank of Iowa | Great Western Bank |
| Jun 23, 2012 | Union Bank In Liquidation | Arvest Bank |
| Jun 23, 2012 | North Central Bancshares, Inc. | Great Western Bancorporation, Inc. |
| Jun 23, 2012 | Williamstown Savings Bank | Mountainone Bank |
| Jun 19, 2012 | Cal Fed Holdings, Inc. | Citibank, N.A. |
| Jun 9, 2012 | First Texas Bank | First Texas Bank |
| Jun 9, 2012 | Sparks City Employees Federal Credit Union | Great Basin Federal Credit Union |
| Jun 9, 2012 | Hampshire First Bank | NBT Bank, N.A. |
| Jun 2, 2012 | Our Lady of Health Federal Credit Union | Westport Federal Credit Union |
| Jun 1, 2012 | The Palm Bank | C1 Bank |
| Jun 1, 2012 | CGB Holdings, Inc. | Bank of Manhattan, N.A. |
| Jun 1, 2012 | Professional Business Bank | Bank of Manhattan, N.A. |
| Jun 1, 2012 | Virginia Savings Bancorp, Inc. | City Holding Company |
| Jun 1, 2012 | Opportunity Bancshares, Inc. | Green Bancorp, Inc. |
| Jun 1, 2012 | Opportunity Bank, National Association | Green Bank, National Association |
| Jun 1, 2012 | Peoples Bank of Virginia | First Community Bank |
| Jun 1, 2012 | CommerceFirst Bank | Sandy Spring Bank |
| Jun 1, 2012 | Commercefirst Bancorp, Inc. | Sandy Spring Bancorp, Inc. |
| Jun 1, 2012 | Valrico State Bank | SouthState Bank, N.A. |
| Jun 1, 2012 | Lee County Postal Employees Credit Union | Tampa Postal Federal Credit Union |
| Jun 1, 2012 | Georgia Department Public Safety Credit Union | Justice Federal Credit Union |
| Jun 1, 2012 | Metro Credit Union | Centricity Credit Union |
| Jun 1, 2012 | Central Michigan Community Federal Credit Union | Members First Credit Union dba Members First Investment Services |
| Jun 1, 2012 | Moultrie Employees Federal Credit Union | Doco Credit Union |
| Jun 1, 2012 | Virginia Savings Bank, F.S.B. | City National Bank of West Virginia |
| Jun 1, 2012 | Automotive Service Association of Pa., Inc., Federal Credit Union | Washington Area Teachers Federal Credit Union |
| Jun 1, 2012 | Atlanta Teachers Federal Credit Union | Credit Union of Atlanta |
| May 31, 2012 | Patriot Holdings Nevada, Inc. | Patriot Bancshares, Inc. |
| May 31, 2012 | I.B.E.W. Local B-649 Credit Union | Laclede Community Credit Union |
| May 31, 2012 | CY-Hannibal Credit Union | United Community Credit Union |
| May 29, 2012 | Commercial Metals Federal Credit Union | America's Credit Union |
| May 26, 2012 | Premier Bank | ANB Bank |
| May 21, 2012 | Evergreen Bancshares, Inc. | Mesaba Bancshares, Inc. |
| May 15, 2012 | Davidson Trust Company | The Bryn Mawr Trust Company |
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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