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	HQ	Assets	Acquirer or resolution
Dec 14, 2012	Community Bank of the Ozarks	Sunrise, MO	$42.8M	Bank of Sullivan
Nov 16, 2012	Hometown Communitybank	Braselton, GA	$124.6M	Certusbank, N.A.
Nov 2, 2012	Citizens First National Bank	Princeton, IL	$924.0M	Heartland Bank and Trust Company
Nov 2, 2012	Heritage Bank of Florida	Lutz, FL	$225.5M	Centennial Bank
Oct 26, 2012	Nova Bank	Berwyn, PA	$444.7M	—
Oct 19, 2012	Excel Bank	Sedalia, MO	$186.1M	Simmons First National Bank
Oct 19, 2012	Gulfsouth Private Bank	Destin, FL	$139.4M	SmartBank
Oct 19, 2012	First East Side Savings Bank	Tamarac, FL	$65.7M	Stearns Bank N.A.
Sep 28, 2012	First United Bank	Crete, IL	$328.4M	Old Plank Trail Community Bank, N.A.
Sep 14, 2012	Truman Bank	St. Louis, MO	$282.3M	Simmons First National Bank
Sep 7, 2012	First Commercial Bank	Bloomington, MN	$215.9M	Republic Bank & Trust Company
Aug 3, 2012	Waukegan Savings Bank	Waukegan, IL	$83.7M	First Midwest Bank
Jul 27, 2012	Jasper Banking Company	Jasper, GA	$206.7M	Stearns Bank N.A.
Jul 20, 2012	First Cherokee State Bank	Woodstock, GA	$209.0M	Community & Southern Bank
Jul 20, 2012	Second Federal Savings and Loan Association of Chicago	Chicago, IL	$190.9M	Hinsdale Bank & Trust Company
Jul 20, 2012	Georgia Trust Bank	Buford, GA	$116.9M	Community & Southern Bank
Jul 20, 2012	Heartland Bank	Leawood, KS	$96.0M	Metcalf Bank
Jul 20, 2012	The Royal Palm Bank of Florida	Naples, FL	$78.8M	First National Bank of the Gulf Coast
Jul 13, 2012	Glasgow Savings Bank	Glasgow, MO	$22.3M	Regional Missouri Bank
Jul 6, 2012	Montgomery Bank & Trust	Ailey, GA	$153.2M	Ameris Bank
Jun 15, 2012	Putnam State Bank	Palatka, FL	$169.5M	Harbor Community Bank
Jun 15, 2012	The Farmers Bank of Lynchburg	Lynchburg, TN	$163.9M	Clayton Bank and Trust
Jun 15, 2012	Security Exchange Bank	Marietta, GA	$151.0M	Fidelity Bank
Jun 8, 2012	Waccamaw Bank	Whiteville, NC	$533.1M	First Community Bank
Jun 8, 2012	Carolina Federal Savings Bank	Charleston, SC	$54.4M	Bank of North Carolina
Jun 8, 2012	First Capital Bank	Kingfisher, OK	$44.4M	F & M Bank
Jun 8, 2012	Farmers' and Traders' State Bank	Shabbona, IL	$43.1M	First State Bank
May 18, 2012	Alabama Trust Bank, N.A.	Sylacauga, AL	$51.6M	Southern States Bank
May 4, 2012	Security Bank, N.A.	North Lauderdale, FL	$101.0M	Banesco USA
Apr 27, 2012	Inter Savings Bank, FSB D/b/a/ Interbank, FSB	Maple Grove, MN	$463.8M	Great Southern Bank
Apr 27, 2012	Plantation Federal Bank	Pawleys Island, SC	$433.5M	First Federal Bank
Apr 27, 2012	Harvest Bank of Maryland	Gaithersburg, MD	$163.0M	Sonabank
Apr 27, 2012	Bank of the Eastern Shore	Cambridge, MD	$162.5M	—
Apr 27, 2012	Palm Desert National Bank	Palm Desert, CA	$129.3M	Pacific Premier Bank
Apr 20, 2012	Fort Lee Federal Savings Bank, FSB	Fort Lee, NJ	$48.9M	Alma Bank
Mar 30, 2012	Fidelity Bank	Dearborn, MI	$818.2M	The Huntington National Bank
Mar 23, 2012	Premier Bank	Wilmette, IL	$268.7M	International Bank of Chicago
Mar 23, 2012	Convenant Bank & Trust	Rock Spring, GA	$95.7M	Stearns Bank, N.A.
Mar 9, 2012	New City Bank	Chicago, IL	$71.2M	—
Mar 2, 2012	Global Commerce Bank	Doraville, GA	$143.7M	Metro City Bank
Feb 24, 2012	Home Savings of America	Little Falls, MN	$434.1M	—
Feb 24, 2012	Central Bank of Georgia	Ellaville, GA	$278.9M	Ameris Bank
Feb 10, 2012	SCB Bank	Shelbyville, IN	$182.6M	First Merchants Bank, N.A.
Feb 10, 2012	Charter National Bank and Trust	Hoffman Estates, IL	$93.9M	Barrington Bank & Trust Company, N.A.
Jan 27, 2012	Tennessee Commerce Bank	Franklin, TN	$1.01B	Republic Bank & Trust Company
Jan 27, 2012	First Guaranty Bank and Trust Company of Jacksonville	Jacksonville, FL	$397.1M	Centerstate Bank of Florida, N.A.
Jan 27, 2012	Bankeast	Knoxville, TN	$261.9M	U.S. Bank N.A.
Jan 27, 2012	Patriot Bank Minnesota	Forest Lake, MN	$105.0M	First Resource Bank
Jan 20, 2012	The First State Bank	Stockbridge, GA	$516.8M	Hamilton State Bank
Jan 20, 2012	Central Florida State Bank	Belleview, FL	$71.5M	Centerstate Bank of Florida, 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
Nov 1, 2012	First Community Credit Union	TN	Listerhill Credit Union
Nov 1, 2012	Ufcw of America Federal Credit Union	NJ	Garden State Federal Credit Union
Nov 1, 2012	Medical Care Employees Federal Credit Union	OH	Seven Seventeen Credit Union Inc
Nov 1, 2012	Dakota Heritage State Bank	SD	Security Bank Midwest
Oct 31, 2012	Scott A. T. O. Federal Credit Union	NY	Good Neighbors Federal Credit Union
Oct 26, 2012	First Community Bank	MO	Equity Bank
Oct 26, 2012	First Community Bancshares, Inc.	KS	Equity Bancshares, Inc.
Oct 22, 2012	BSC, Inc.	KY	Forcht Bancorp, Inc.
Oct 20, 2012	Service1st Bank of Nevada	NV	Bank of Nevada
Oct 20, 2012	1st Commonwealth Bank of Virginia	VA	FVCbank
Oct 20, 2012	Garden City State Bank	KS	KCB Bank
Oct 19, 2012	Beacon Federal Bancorp, Inc.	NY	Beacon Financial Corporation
Oct 19, 2012	Beacon Federal	NY	Berkshire Bank
Oct 18, 2012	Western Liberty Bancorp	NV	Western Alliance Bancorporation
Oct 17, 2012	Electric Federal Credit Union	CA	Excite Credit Union
Oct 16, 2012	Marathon Banking Corporation	NY	Investors Bancorp, Inc.
Oct 16, 2012	Marathon National Bank of New York	NY	Investors Bank
Oct 12, 2012	Marathon State Bank	WI	Peoples State Bank
Oct 12, 2012	Malvern Federal Mutual Holding Company	PA	Malvern Bancorp, Inc
Oct 12, 2012	Southern Community Financial Corporation	NC	Capital Bank Financial Corp.
Oct 12, 2012	Southern Community Bank and Trust	NC	Capital Bank Corporation
Oct 10, 2012	Citizens South Bank	NC	Park Sterling Bank
Oct 9, 2012	MarkleBank	IN	IAB Financial Bank
Oct 6, 2012	M&I Bank of Mayville	WI	BMO Harris Central N.A.
Oct 4, 2012	Madison County Financial Corporation	NE	Madison County Financial, Inc.
Oct 4, 2012	Madison County Holding, MHC	NE	Madison County Financial, Inc.
Oct 2, 2012	Denison District Telephone Credit Union	TX	Texas Telcom Credit Union
Oct 1, 2012	Cat Federal Credit Union	PA	Members 1st Federal Credit Union
Oct 1, 2012	Hawaii Stevedores/Castle & Cooke-Hawaii Federal Credit Union	HI	Aloha Pacific Federal Credit Union
Oct 1, 2012	San Diego Jacl Federal Credit Union	CA	Mission Federal Credit Union
Oct 1, 2012	Santa Monica City Employees Federal Credit Union	CA	Southland Credit Union
Oct 1, 2012	BC3 Employees Federal Credit Union	PA	Trumark Credit Union
Oct 1, 2012	New Mexico Central Credit Union	NM	Rio Grande Credit Union
Oct 1, 2012	Cattleman's National Bank	TX	Lone Star Capital Bank, National Association
Oct 1, 2012	Ferndale Refinery Credit Union	WA	Industrial Credit Union of Whatcom County
Oct 1, 2012	Tri-State Federal Credit Union	WV	Universal Federal Credit Union
Oct 1, 2012	Saint Johns Federal Credit Union	TX	Greater Texas Federal Credit Union
Oct 1, 2012	PCH Federal Credit Union	NY	Hudson Valley Federal Credit Union
Oct 1, 2012	Community Healthcare Credit Union	IL	Community Plus Federal Credit Union
Oct 1, 2012	Spotswood Employees Federal Credit Union	NJ	First Point Federal Credit Union
Oct 1, 2012	A-E Employees Credit Union	IA	Financial Plus Credit Union
Oct 1, 2012	Cca Knoxville Federal Credit Union	TN	New South Credit Union
Oct 1, 2012	First State Bank	TX	First Victoria National Bank
Oct 1, 2012	Byzantine Catholic Federal Credit Union	OH	Unity Catholic Federal Credit Union
Oct 1, 2012	Smith & Sons Employees Credit Union	GA	Center Parc Credit Union
Oct 1, 2012	Citizens South Banking Corporation	NC	Park Sterling Corporation
Oct 1, 2012	Community National Bank	TX	Prosperity Bank
Oct 1, 2012	United Community Bank, National Association	TX	Independent Bank
Oct 1, 2012	Peoples Mortgage Corporation	CO	Peoples National Bank
Oct 1, 2012	Metro Fellowship Federal Credit Union	IL	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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