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 |
|---|---|---|
| Aug 25, 2012 | Mercantile Bank and Trust Company | Commerce Bank & Trust Company |
| Aug 25, 2012 | Farmer City State Bank | Heartland Bank and Trust Company |
| Aug 25, 2012 | The Exchange National Bank of Cottonwood Falls | The Citizens State Bank |
| Aug 25, 2012 | Mercantile Capital Corp | Commerce Bancshares Corp. |
| Aug 25, 2012 | Financial Members Federal Credit Union | Fort Financial Federal Credit Union |
| Aug 23, 2012 | Sound Financial, Inc. | Sound Financial Bancorp, Inc. |
| Aug 21, 2012 | First Federal Leasing, Inc. | First Bank Midwest |
| Aug 18, 2012 | Farmers Deposit Bank | Citizens Deposit Bank & Trust |
| Aug 18, 2012 | Gateway Bancorp | Banc of California, Inc. |
| Aug 18, 2012 | Gateway Business Bank | Banc of California, National Association |
| Aug 18, 2012 | Ohio River Bank | Citizens Deposit Bank & Trust |
| Aug 18, 2012 | Superior Bank | Chippewa Valley Bank |
| Aug 17, 2012 | Texas Coastal Bank | Texas First Bank |
| Aug 16, 2012 | Northwest Bank | Northwest Bank |
| Aug 16, 2012 | Desert Commercial Bank | First Foundation Bank |
| Aug 15, 2012 | Carol Wire & Cable Corp Employees Federal Credit Union | Navigant Credit Union |
| Aug 15, 2012 | Millennium Bank | Centennial Bank |
| Aug 15, 2012 | Northstar Financial Corporation | Carlile Bancshares, Inc. |
| Aug 11, 2012 | Gotham Bank of New York | Sterling National Bank |
| Aug 4, 2012 | Anne Arundel County Employees Federal Credit Union | State Employees Credit Union of Maryland Inc. |
| Aug 3, 2012 | Montana First Credit Union | Horizon Credit Union |
| Aug 2, 2012 | Bankatlantic | Truist Bank |
| Aug 2, 2012 | Vist Financial Corp. | Tompkins Financial Corporation |
| Aug 2, 2012 | Members First Credit Union, Inc | Pathways Financial Credit Union, Inc. |
| Aug 2, 2012 | Western Credit Union, Inc. | Pathways Financial Credit Union, Inc. |
| Aug 1, 2012 | First Community Bank | The Lyon County State Bank |
| Aug 1, 2012 | Mountain Valley Federal Credit Union | West Virginia Federal Credit Union |
| Aug 1, 2012 | University Drive V.A.H. Federal Credit Union | Va Pittsburgh Employees Federal Credit Union |
| Aug 1, 2012 | North Orange County Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Aug 1, 2012 | Ufcw Northwest Federal Credit Union | Northwest Community Credit Union |
| Aug 1, 2012 | Abilene Telco Federal Credit Union | First Priority Credit Union |
| Aug 1, 2012 | First Star Bank | ESSA Bank & Trust |
| Aug 1, 2012 | Medical Area Federal Credit Union | RTN Federal Credit Union |
| Aug 1, 2012 | Rushville State Bank | Exchange Bank & Trust |
| Aug 1, 2012 | Branch 825 N a L C Credit Union | Alero Financial Credit Union |
| Aug 1, 2012 | Saint Cletus Credit Union | Michigan Legacy Credit Union |
| Aug 1, 2012 | Sunrise Credit Union | Fox Communities Credit Union |
| Aug 1, 2012 | Carroll Childers Credit Union | United Community Credit Union |
| Aug 1, 2012 | Montgomery County Teachers Federal Credit Union | Educational Systems Federal Credit Union |
| Aug 1, 2012 | Franciscan Skemp Credit Union | Mayo Employees Federal Credit Union |
| Aug 1, 2012 | Truax Credit Union | Heritage Credit Union |
| Aug 1, 2012 | Pacific Rails Credit Union | Cyprus Federal Credit Union |
| Aug 1, 2012 | Memphis Chapter Federal Credit Union | Memphis City Employees Credit Union |
| Aug 1, 2012 | Elkton Bancshares, Inc. | Adams Bancshares, Inc. |
| Aug 1, 2012 | Electropower Credit Union | Electro Savings Credit Union |
| Aug 1, 2012 | First Star Bancorp, Inc. | Essa Bancorp, Inc. |
| Aug 1, 2012 | Legend Financial Corporation | Legend Bancorp, Inc. |
| Aug 1, 2012 | Heartland Community Bank | First Nebraska Bank |
| Aug 1, 2012 | M&I Dealer Finance, Inc. | BMO Bank N.A. |
| Aug 1, 2012 | FPFC Management LLC | Wells Fargo & Company |
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 |
Browse adjacent years: 2011 · 2013
Or jump to a category: Failures · Mergers · Enforcement · Assistance