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 |
|---|---|---|
| Sep 30, 2012 | South Berkeley Federal Credit Union | Bayer Heritage Federal Credit Union |
| Sep 30, 2012 | Agrico Chem Federal Credit Union | Shell Geismar Federal Credit Union |
| Sep 29, 2012 | Hartford Postal Employees Credit Union | American Eagle Financial Credit Union, Inc. |
| Sep 29, 2012 | Rochester Dairy Cooperative Credit Union | First Alliance Credit Union |
| Sep 29, 2012 | Trinity Credit Union | Power Credit Union |
| Sep 27, 2012 | Gmac European Auto Finance Holdings LLC | Ib Finance Holding Company, LLC |
| Sep 25, 2012 | Capital Bank Corporation | Capital Bank Financial Corp. |
| Sep 24, 2012 | The First National Bank of Southern Kansas | The First National Bank of Hutchinson |
| Sep 22, 2012 | First National Bank | Bell Bank |
| Sep 22, 2012 | Oceanic Bank Holding, Inc. | FNB Bancorp |
| Sep 22, 2012 | Oceanic Bank | First National Bank of Northern California |
| Sep 21, 2012 | Colorado Valley Bank,SSB | Pioneer Bank, SSB |
| Sep 21, 2012 | Gmac Latin America Holdings LLC | Ib Finance Holding Company, LLC |
| Sep 21, 2012 | TIB Financial Corp. | Capital Bank Financial Corp. |
| Sep 21, 2012 | La Grange Bancshares, Incorporated | Pioneer Bank, SSB |
| Sep 21, 2012 | Green Bankshares, Inc. | Capital Bank Financial Corp. |
| Sep 19, 2012 | Vamc Fayetteville Federal Credit Union | Vision Financial Federal Credit Union |
| Sep 15, 2012 | First Federal Savings Bank | Peoples Bank |
| Sep 15, 2012 | Keysource Financial, Inc. | BNC Bancorp |
| Sep 15, 2012 | Sistersville Bancorp, Inc. | Peoples Bancorp Inc. |
| Sep 15, 2012 | Keysource Commercial Bank | Bank of North Carolina |
| Sep 15, 2012 | Indiana Community Bancorp | Old National Bancorp |
| Sep 15, 2012 | Encore Bank, National Association | Cadence Bank, N.A. |
| Sep 15, 2012 | Gateway Bank & Trust | Builtwell Bank |
| Sep 15, 2012 | Indiana Bank and Trust Company | Old National Bank |
| Sep 5, 2012 | CR Community First Federal Credit Union | Black Hills Federal Credit Union |
| Sep 4, 2012 | PNC Mortgage Services, Inc. | PNC Bank, N.A. |
| Sep 4, 2012 | Tetco Employees Federal Credit Union | Benchmark Federal Credit Union |
| Sep 1, 2012 | Panhandle Public Employees Federal Credit Union | Potlatch NO.1 Financial Credit Union |
| Sep 1, 2012 | Inspire Community Development Federal Credit Union | Advia Credit Union |
| Sep 1, 2012 | Sonoran Bank, N.A. | KS Statebank |
| Sep 1, 2012 | (unnamed) | BMO Bank N.A. |
| Sep 1, 2012 | Central State Hospital Credit Union | CGR Credit Union |
| Sep 1, 2012 | Bay Pines Federal Credit Union | Midflorida Credit Union |
| Sep 1, 2012 | R T C Federal Credit Union | Transit Workers Federal Credit Union |
| Sep 1, 2012 | I-R Employees Federal Credit Union | Allegacy Federal Credit Union |
| Sep 1, 2012 | First Federal Savings and Loan Association of Pekin | Community Partners Savings Bank |
| Sep 1, 2012 | Indian River Federal Credit Union | Midflorida Credit Union |
| Sep 1, 2012 | East Kentucky Employees Federal Credit | Members Heritage Credit Union Inc |
| Sep 1, 2012 | Bilt Well Credit Union | Holy Ghost Parish Credit Union |
| Sep 1, 2012 | Rainbow Credit Union | Ripco Credit Union |
| Sep 1, 2012 | Massachusetts State Employees Credit Union | Metro Credit Union |
| Sep 1, 2012 | Chicago Heights Steel Credit Union | Illiana Financial Credit Union |
| Sep 1, 2012 | Charleston Postal Cooperative Federal Credit Union | CPM Federal Credit Union |
| Sep 1, 2012 | Alliant Bank | Legacy Bank |
| Sep 1, 2012 | Columbian Federal Credit Union | Unity Catholic Federal Credit Union |
| Sep 1, 2012 | Greater Ozarks Community Credit Union | Blucurrent Credit Union |
| Sep 1, 2012 | Memberstrust Credit Union | Bayport Federal Credit Union |
| Aug 29, 2012 | Baptist Employees Credit Union | First Carolina People's Credit Union |
| Aug 28, 2012 | Signature Bank | Equity Bank |
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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