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
May 12, 2012	Bank of Birch Tree	MO	Landmark Bank
May 5, 2012	First Bank of White	SD	First Bank & Trust
May 2, 2012	Wachovia Capital Investors, Inc.	NC	Wells Fargo & Company
May 1, 2012	Citizens Community Bank	ID	Glacier Bank
May 1, 2012	Western Security Bank	MT	Glacier Bank
May 1, 2012	Bank of the San Juans	CO	Glacier Bank
May 1, 2012	Kingdom Federal Credit Union	VA	Abnb Federal Credit Union
May 1, 2012	Mountain West Bank	ID	Glacier Bank
May 1, 2012	Big Sky Western Bank	MT	Glacier Bank
May 1, 2012	First Citizens of Paris, Inc.	IL	First Farmers Financial Corporation
May 1, 2012	The Citizens National Bank of Paris	IL	First Farmers Bank & Trust Co.
May 1, 2012	Ada Employees Credit Union	TX	Houston Highway Credit Union
May 1, 2012	1st Bank	WY	Glacier Bank
May 1, 2012	Capitol Finance Group, Inc.	NC	Wells Fargo & Company
May 1, 2012	Copiah-Lincoln Educators Federal Credit Union	MS	Mississippi Public Employees Federal Credit Union
May 1, 2012	First Security Bank of Missoula	MT	Glacier Bank
May 1, 2012	First Bank of Montana	MT	Glacier Bank
May 1, 2012	Valley Bank of Helena	MT	Glacier Bank
May 1, 2012	Emsco Credit Union	UT	P & S Credit Union
May 1, 2012	Area West Federal Credit Union	TX	Transtar Federal Credit Union
May 1, 2012	Access First Federal Credit Union	MI	United Bay Community Credit Union
May 1, 2012	Spectrum Federal Credit Union	CA	Chevron Federal Credit Union
May 1, 2012	Anderson South Carolina City Employees Federal Credit Union	SC	S.C. State Federal Credit Union
May 1, 2012	Saint Agnes Hospital Federal Credit Union	CA	Educational Employees Credit Union
May 1, 2012	Utelco Credit Union, Inc.	OH	Superior Credit Union Inc
May 1, 2012	Lorain County Postal Employees Credit Union, Inc.	OH	Ohio's First Class Credit Union
May 1, 2012	Elwood City Holy Redeemer Parish Federal Credit Union	PA	Freedom United Federal Credit Union
May 1, 2012	State Bank of Bricelyn	MN	Farmers Trust & Savings Bank
May 1, 2012	First Bank of Wyoming	WY	Glacier Bank
Apr 30, 2012	Intext Employees Federal Credit Union	PA	Net Federal Credit Union
Apr 30, 2012	St Agatha Federal Credit Union	ME	Acadia Federal Credit Union
Apr 27, 2012	Bank of Tokyo-Mitsubishi UFJ Trust Company	CA	Ub Leasing Corporation
Apr 25, 2012	The Peoples National Bank	SC	South State Bank
Apr 25, 2012	Peoples Bancorporation, Inc.	SC	SouthState Bank Corporation
Apr 25, 2012	Seneca National Bank	SC	South State Bank
Apr 25, 2012	Bank of Anderson, National Association	SC	South State Bank
Apr 23, 2012	Connecticut Energy Employees Credit Union, Inc.	CT	Mutual Security Credit Union, Inc.
Apr 21, 2012	First State Bank of Mapleton	IA	The Security National Bank of Sioux City, Iowa
Apr 21, 2012	Farmers State Bank of Dent	MN	United Community Bank
Apr 21, 2012	Centra Bank, Inc.	WV	United Bank
Apr 20, 2012	The Connecticut Bank and Trust Company	CT	Berkshire Bank
Apr 16, 2012	McKinley Memorial Federal Credit Union	PA	Freedom Credit Union
Apr 16, 2012	Gateway Bancshares, Inc.	GA	Builtwell Bancorp, Inc
Apr 14, 2012	Brazos Valley Bank, National Association	TX	American Momentum Bank
Apr 11, 2012	Frontier Bank	NE	Cornerstone Bank
Apr 7, 2012	Iscola Federal Credit Union	LA	Morton Weeks Federal Credit Union
Apr 7, 2012	Farmers National Bank	KY	Heritage Bank, Inc.
Apr 6, 2012	DB Holding Company, Inc.	NE	DS Holding Company, Inc.
Apr 4, 2012	Kenrick Federal Credit Union	PA	Trumark Credit Union
Apr 3, 2012	St. Edmond's Federal Savings Bank	PA	Beneficial Bank

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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