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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
Dec 31, 2012 First Financial Bank TX First Financial Bank
Dec 31, 2012 UMB Bank Arizona, National Association AZ UMB Bank, N.A.
Dec 31, 2012 Ibfc Nevada Corporation NV TIB, Inc.
Dec 31, 2012 First Financial Bank, National Association TX First Financial Bank
Dec 31, 2012 First Financial Bank TX First Financial Bank
Dec 31, 2012 First Financial Bank, National Association TX First Financial Bank
Dec 31, 2012 State Center Credit Union CA Valley First Federal Credit Union
Dec 31, 2012 The First National Bank of Canton TX Texas Bank and Trust Company
Dec 31, 2012 First Financial Bank, National Association TX First Financial Bank
Dec 31, 2012 UMB National Bank of America KS UMB Bank, N.A.
Dec 31, 2012 UMB Bank Colorado, National Association CO UMB Bank, N.A.
Dec 31, 2012 First Financial Bank, National Association TX First Financial Bank
Dec 31, 2012 First Financial Bank, National Association TX First Financial Bank
Dec 31, 2012 First Financial Bank, National Association TX First Financial Bank
Dec 31, 2012 Bay Media Federal Credit Union CA San Francisco Fire Credit Union
Dec 31, 2012 Safeway Los Angeles Federal Credit Union CA Xceed Financial Credit Union
Dec 31, 2012 White Pine County School Employees Federal Credit Union NV Greater Nevada Credit Union
Dec 31, 2012 Morristown Federal Credit Union NJ Garden Savings Federal Credit Union
Dec 31, 2012 First Financial Bank, National Association TX First Financial Bank
Dec 31, 2012 First Financial Bank, National Association TX First Financial Bank
Dec 29, 2012 The Peoples State Bank LA Midsouth Bank, N.A.
Dec 29, 2012 PSB Financial Corporation LA Midsouth Bancorp, Inc.
Dec 28, 2012 Niagara Mohawk Power - Mohawk Division Federal Credit Union NY First Choice Financial Federal Credit Union
Dec 22, 2012 Alliance Bank Corporation VA Washingtonfirst Bank
Dec 22, 2012 The Nashua Bank NH Lake Sunapee Bank, FSB
Dec 22, 2012 Alliance Bankshares Corporation VA Washingtonfirst Bankshares, Inc.
Dec 22, 2012 Bbvapr Holding Corporation PR Ofg Bancorp
Dec 21, 2012 Banc Life Insurance Corporation AZ Associated Banc-Corp
Dec 20, 2012 Western Bancshares, Inc. TX Circle I Bank Group, Inc.
Dec 20, 2012 Hastings State Bank NE Pinnacle Bank
Dec 19, 2012 Banco Bilbao Vizcaya Argentaria Puerto Rico PR Oriental Bank
Dec 18, 2012 First State Bank of Joplin MO Pinnacle Bank
Dec 17, 2012 Murdock Bancor, Inc. MN Forstrom Bancorporation, Inc.
Dec 17, 2012 Ogden Bancshares, Inc. IA Visionbankshares, Inc.
Dec 15, 2012 Farmers National Bank of Kansas KS Goppert State Service Bank
Dec 15, 2012 Bank Capital Corporation AZ Grandpoint Capital, Inc.
Dec 15, 2012 Citizens State Bank OK First National Bank and Trust Company of Weatherford
Dec 15, 2012 Peoples Choice of San Antonio Federal Credit Union TX Soarion Federal Credit Union
Dec 14, 2012 Bryan Bank & Trust GA South State Bank
Dec 14, 2012 Southeast Bancshares, Inc. TN Education Loan Finance, Inc.
Dec 14, 2012 The Savannah Bancorp, Inc. GA SouthState Bank Corporation
Dec 14, 2012 The Savannah Bank, National Association GA South State Bank
Dec 14, 2012 L C School Employees Federal Credit Union IN Everwise Credit Union
Dec 12, 2012 Hyde Park Bank and Trust Company IL Beverly Bank & Trust Company, N.A.
Dec 12, 2012 HPK Financial Corporation IL Wintrust Financial Corporation
Dec 10, 2012 Lubco Bancshares, Inc. TX Commerce Bancshares, Inc.
Dec 8, 2012 Stone County National Bank MO Liberty Bank
Dec 8, 2012 Stone County National Bancshares, Inc. MO Liberty Bancshares, Inc
Dec 8, 2012 The Emmet County State Bank IA NorthStar Bank
Dec 8, 2012 Mansfield State Bank SD American Bank & Trust

The list holds 500 of the 612 mergers recorded for 2012.

Enforcement Actions in 2012

Action date Agency Institution Action
Dec 19, 2012 OCC (individual) Formal Agreement: Home FS & LA of Collinsville
Dec 19, 2012 OCC Ben Franklin Bank of Illinois Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Ben Franklin Bank of Illinois
Dec 19, 2012 OCC Acacia Federal Savings Bank Formal Agreement: Acacia Federal Savings Bank
Dec 18, 2012 OCC Citizens Financial Bank Formal Agreement: Citizens Financial Bank
Dec 18, 2012 FRB The Goldman Sachs Group, Inc. Section 19 Letters: Rajat K. Gupta.
Dec 17, 2012 OCC Harrington Bank, FSB Formal Agreement: Harrington Bank, FSB
Dec 14, 2012
Released Jan 22, 2013		 FRB Flathead Holding Company of Bigfork Written Agreement: Flathead Holding Company of Bigfork, Bigfork, Montana
Dec 11, 2012 OCC HSBC Bank USA, N.A. Civil Money Penalty (CMP): HSBC Bank USA, National Association
Dec 11, 2012 OCC CornerstoneBank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Cornerstonebank
Dec 11, 2012 FRB (individual) Civil Money Penalty $165,000,000: HSBC HOLDINGS PLC London, United Kingdom and HSBC NORTH AMERICA …
Dec 11, 2012 FRB HSBC Holdings PLC Cease and Desist Order: HSBC Holdings PLC, London, United Kingdom
Dec 11, 2012 OCC HSBC Bank USA, N.A. GLBA Agreement: HSBC Bank USA, National Association
Dec 11, 2012 OCC HSBC Bank USA, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): HSBC Bank USA, National Association
Dec 10, 2012 FRB RBC Bank (USA) Section 19 Letters: Annette I. Stoker
Dec 10, 2012 FRB (individual) Civil Money Penalty, $100,000,000: STANDARD CHARTERED PLC London, United Kingdom STANDARD CHARTERED BANK London, …
Dec 10, 2012 FRB (individual) Cease and Desist Order: STANDARD CHARTERED PLC London, United Kingdom STANDARD CHARTERED BANK London, …
Dec 5, 2012 OCC American Bank of Huntsville Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Worthington Federal Bank
Dec 4, 2012
Released Dec 18, 2012		 FRB Bsa Financial Services, Inc. Written Agreement: BSA Financial Services, Inc., Saint Augustine, Florida
Dec 4, 2012 FRB Bank of Colorado Section 19 Letters: Patricia C. Cabano
Dec 3, 2012 OCC The First National Bank of Wellston Civil Money Penalty (CMP): The First National Bank of Wellston
Nov 30, 2012 OCC Citizens First National Bank Civil Money Penalty (CMP): Pennington, Robert B.
Nov 30, 2012 OCC Los Alamos National Bank Formal Agreement: Los Alamos National Bank
Nov 30, 2012 OCC Citizens First National Bank Prohibition/Removal Orders: Pennington, Robert B.
Nov 29, 2012 OCC Fieldpoint Private Bank & Trust Formal Agreement: Fieldpoint Private Bank & Trust
Nov 29, 2012
Released Dec 4, 2012		 FRB Nasb Financial, Inc. Written Agreement: NASB Financial, Inc., Grandview, Missouri
Nov 28, 2012 FRB (individual) Section 19 Letters: Jennifer Hughes-Boyles
Nov 28, 2012 FRB (individual) Section 19 Letters: Richard A. Maize
Nov 21, 2012 OCC Delanco Federal Savings Bank Formal Agreement: Delanco Federal Savings Bank
Nov 14, 2012 OCC Wells Fargo Bank, N.A. Prohibition/Removal Orders: Adams Hale, Colleen
Nov 8, 2012 FRB Bank of the James Section 19 Letters: Sheila Marie Wright
Nov 5, 2012
Released Nov 8, 2012		 FRB Foster Bankshares, Inc. Written Agreement: Foster Bankshares, Inc., Rolling Meadows, Illinois
Oct 31, 2012 OCC BLC Bank N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Hoover, Thomas
Oct 31, 2012 OCC BLC Bank N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Kissel, W. Bruce
Oct 30, 2012
Released Nov 1, 2012		 FRB Liberty Bancorp of Georgia, Inc. Written Agreement: Liberty Bancorp of Georgia, Inc., Clayton, Georgia
Oct 29, 2012 OCC Westbury Bank Formal Agreement: Westbury Bank
Oct 23, 2012 OCC Flagstar Bancorp, Inc. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Flagstar Bank, FSB
Oct 23, 2012 OCC Heritage Bank of Saint Tammany Formal Agreement: St Tammany Homestead S & LA
Oct 18, 2012
Released Oct 23, 2012		 FRB Patapsco Bancorp, Inc. Written Agreement: Patapsco Bancorp, Inc. and The Patapsco Bank, both of Dundalk, Maryland
Oct 18, 2012 OCC First Federal Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Federal Bank
Oct 17, 2012 OCC American Sterling Bank Civil Money Penalty (CMP): Dodge, Lawrence Keith
Oct 17, 2012 OCC American Sterling Bank Prohibition/Removal Orders: Dodge, Lawrence Keith
Oct 15, 2012 OCC Priority Bank Notice of Charges: Priority Bank
Oct 11, 2012 OCC Western Springs National Bank and Trust Civil Money Penalty (CMP): Regas, Allyson
Oct 11, 2012 OCC Shoreham Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Home Loan Investment Bank, F.S.B.
Oct 4, 2012 OCC First National Bank C&D or PC&D Requiring Restitution: Bassie, Travis
Oct 4, 2012 OCC First National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bassie, Travis
Oct 4, 2012 OCC First National Bank Prohibition/Removal Orders: Bassie, Travis
Oct 3, 2012 FRB Fifth Third Bank, N.A. Section 19 Letters: Stephen Bogle
Oct 3, 2012 FRB Fifth Third Bank, N.A. Section 19 Letters: Jonathan Edward Waight
Oct 3, 2012 FRB Fifth Third Bank, N.A. Section 19 Letters: Debbie Strnad

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