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 |
|---|---|---|---|
| Feb 7, 2012 | OCC | (individual) | Civil Money Penalty (CMP): McClellan, Michael |
| Feb 7, 2012 | OCC | (individual) | Civil Money Penalty (CMP): Schmidtberger, Randy |
| Feb 6, 2012 | OCC | Eagle National Bancorp, Inc. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Eagle National Bank |
| Feb 6, 2012 | OCC | First National Bank | Prohibition/Removal Orders: McCaslin, Henry |
| Feb 3, 2012 | FRB | New Peoples Bank, Inc. | Section 19 Letters: Gary Allen Lawson |
| Feb 3, 2012 | FRB | New Peoples Bank, Inc. | Section 19 Letters: Kenneth Darrell Hart |
| Feb 2, 2012 Released Feb 7, 2012 | FRB | Coastalsouth Bancshares, Inc. | Written Agreement: CoastalSouth Bancshares, Inc., Hilton Head, South Carolina |
| Feb 2, 2012 Released Feb 7, 2012 | FRB | Brogan Bankshares, Inc. | Written Agreement: Brogan Bankshares, Inc., Kaukauna, Wisconsin |
| Feb 2, 2012 | OCC | National Independent Trust Company | Formal Agreement: National Independent Trust Company |
| Feb 2, 2012 Released Jan 4, 2018 | FRB | Ambank Holdings, Inc. | Written Agreement: Ambank Holdings, Inc., Davenport, Iowa |
| Feb 1, 2012 | OCC | (individual) | Civil Money Penalty (CMP): Allphin, Charles |
| Feb 1, 2012 | OCC | (individual) | Civil Money Penalty (CMP): Perrigo, Kathlene |
| Jan 30, 2012 Released Jan 31, 2012 | FRB | Bank of Bartlett | Prompt Corrective Action: Bank of Bartlett, Bartlett, Tennessee |
| Jan 30, 2012 | OCC | Wawel Bank | Civil Money Penalty (CMP): Wlodarczyk, Jerry F. |
| Jan 26, 2012 | OCC | Sovereign Reit Holdings, Inc. | C&D or PC&D Requiring Restitution: Sovereign Bank |
| Jan 26, 2012 | OCC | Community West Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Community West Bank, National Association |
| Jan 26, 2012 | OCC | Sovereign Reit Holdings, Inc. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Sovereign Bank |
| Jan 25, 2012 Released Jan 31, 2012 | FRB | Capitol City Bancshares, Inc. | Written Agreement: Capitol City Bancshares, Inc., Atlanta, Georgia |
| Jan 25, 2012 | OCC | Wawel Bank | Civil Money Penalty (CMP): Ranzinger, Robert |
| Jan 25, 2012 | OCC | Riverview Community Bank | Formal Agreement: Riverview Community Bank |
| Jan 25, 2012 | OCC | Wawel Bank | Civil Money Penalty (CMP): Walentowicz, Henry C. |
| Jan 24, 2012 | OCC | Commerce National Corporation | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Commerce National Bank & Trust |
| Jan 20, 2012 | OCC | Presidential Bank, FSB | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Presidential Bank, FSB |
| Jan 18, 2012 | OCC | First Federal Savings and Loan Association of Kewanee | Formal Agreement: First FS & LA of Kewanee |
| Jan 18, 2012 | OCC | First National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank |
| Jan 17, 2012 | OCC | Naugatuck Valley Savings and Loan | Formal Agreement: Naugatuck Valley Savings and Loan |
| Jan 12, 2012 | OCC | Borrego Springs Bank, National Association | Notice of Charges: Borrego Springs Bank, National Association |
| Jan 12, 2012 | FRB | Regions Bank | Section 19 Letters: William Lazel McKinstry, Jr. |
| Jan 12, 2012 Released Jan 19, 2012 | FRB | Tennessee Central Bancshares, Inc. | Written Agreement: Tennessee Central Bancshares, Inc., Parsons, Tennessee |
| Jan 11, 2012 | OCC | First National Bank of Wauchula | Formal Agreement: First National Bank of Wauchula |
| Jan 10, 2012 Released Jan 17, 2012 | FRB | Southwest Florida Community Bancorp, Inc. | Written Agreement: Southwest Florida Community Bancorp, Inc., Fort Myers, Florida |
| Jan 5, 2012 | OCC | (individual) | Formal Agreement: American National Bank |
| Jan 5, 2012 | OCC | T Bank, N.A. | Notice of Charges: Adams, Patrick |
| Jan 4, 2012 Released Jan 10, 2012 | FRB | Gold Canyon Bank | Written Agreement: Gold Canyon Bank, Gold Canyon, Arizona |
| Jan 3, 2012 | OCC | The First National Bank of McConnelsville | Civil Money Penalty (CMP): The First National Bank of McConnelsville |
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