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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
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
Jul 1, 2012 Moorhead Federal Credit Union MN Magnifi Financial Credit Union
Jul 1, 2012 R M H Federal Credit Union WV Bayer Heritage Federal Credit Union
Jul 1, 2012 Inland Empire Credit Union CA Credit Union of Southern California, a Federal Credit Union
Jul 1, 2012 First National Bank of the Mid-Cities TX First National Bank Baird
Jul 1, 2012 Queen Street Baptist Church Federal Credit Union VA Langley Federal Credit Union
Jul 1, 2012 Natick Federal Savings Bank MA Mutualone Bank
Jul 1, 2012 Ufcw Local 342 Federal Credit Union NY Fourleaf Federal Credit Union
Jul 1, 2012 Fergus Falls Community Federal Credit Union MN Otter Tail Credit Union
Jul 1, 2012 West Ohio United Methodist Credit Union, Inc. OH Christian Family Credit Union, Inc.
Jun 30, 2012 New Bethel Ame Federal Credit Union PA Philadelphia Federal Credit Union
Jun 30, 2012 Community Bank - Missoula MT Community Bank, Inc.
Jun 30, 2012 East Bay Postal Credit Union CA F3 Credit Union
Jun 30, 2012 Hometown Credit Union IL United Community Credit Union
Jun 30, 2012 Lower Bucks Hospital Federal Credit Union PA American Heritage Federal Credit Union
Jun 30, 2012 Hazleton Newspaper Employees Federal Credit Union PA Scranton Downtown Federal Credit Union
Jun 30, 2012 Cleaver Brooks Credit Union WI Appletree Credit Union
Jun 23, 2012 First Federal Savings Bank of Iowa IA Great Western Bank
Jun 23, 2012 Union Bank In Liquidation MO Arvest Bank
Jun 23, 2012 North Central Bancshares, Inc. IA Great Western Bancorporation, Inc.
Jun 23, 2012 Williamstown Savings Bank MA Mountainone Bank
Jun 19, 2012 Cal Fed Holdings, Inc. CA Citibank, N.A.
Jun 9, 2012 First Texas Bank TX First Texas Bank
Jun 9, 2012 Sparks City Employees Federal Credit Union NV Great Basin Federal Credit Union
Jun 9, 2012 Hampshire First Bank NH NBT Bank, N.A.
Jun 2, 2012 Our Lady of Health Federal Credit Union MA Westport Federal Credit Union
Jun 1, 2012 The Palm Bank FL C1 Bank
Jun 1, 2012 CGB Holdings, Inc. CA Bank of Manhattan, N.A.
Jun 1, 2012 Professional Business Bank CA Bank of Manhattan, N.A.
Jun 1, 2012 Virginia Savings Bancorp, Inc. VA City Holding Company
Jun 1, 2012 Opportunity Bancshares, Inc. TX Green Bancorp, Inc.
Jun 1, 2012 Opportunity Bank, National Association TX Green Bank, National Association
Jun 1, 2012 Peoples Bank of Virginia VA First Community Bank
Jun 1, 2012 CommerceFirst Bank MD Sandy Spring Bank
Jun 1, 2012 Commercefirst Bancorp, Inc. MD Sandy Spring Bancorp, Inc.
Jun 1, 2012 Valrico State Bank FL SouthState Bank, N.A.
Jun 1, 2012 Lee County Postal Employees Credit Union FL Tampa Postal Federal Credit Union
Jun 1, 2012 Georgia Department Public Safety Credit Union GA Justice Federal Credit Union
Jun 1, 2012 Metro Credit Union WI Centricity Credit Union
Jun 1, 2012 Central Michigan Community Federal Credit Union MI Members First Credit Union dba Members First Investment Services
Jun 1, 2012 Moultrie Employees Federal Credit Union GA Doco Credit Union
Jun 1, 2012 Virginia Savings Bank, F.S.B. VA City National Bank of West Virginia
Jun 1, 2012 Automotive Service Association of Pa., Inc., Federal Credit Union PA Washington Area Teachers Federal Credit Union
Jun 1, 2012 Atlanta Teachers Federal Credit Union GA Credit Union of Atlanta
May 31, 2012 Patriot Holdings Nevada, Inc. NV Patriot Bancshares, Inc.
May 31, 2012 I.B.E.W. Local B-649 Credit Union IL Laclede Community Credit Union
May 31, 2012 CY-Hannibal Credit Union MO United Community Credit Union
May 29, 2012 Commercial Metals Federal Credit Union TX America's Credit Union
May 26, 2012 Premier Bank KS ANB Bank
May 21, 2012 Evergreen Bancshares, Inc. MN Mesaba Bancshares, Inc.
May 15, 2012 Davidson Trust Company PA The Bryn Mawr Trust 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

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