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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
Apr 3, 2012 Se Financial Corp PA Beneficial Bancorp, Inc.
Apr 3, 2012 CVPS Employees Credit Union VT Heritage Family Federal Credit Union
Apr 2, 2012 Highlands Bancshares, Inc. TX Legacytexas Financial Group, Inc.
Apr 2, 2012 The First National Bank of Jacksboro TX LegacyTexas Bank
Apr 2, 2012 Olol Regional Federal Credit Union LA Campus Federal Credit Union
Apr 1, 2012 The Bank Arlington TX Prosperity Bank
Apr 1, 2012 I Bank Holding Company, Inc. TX Independent Bank Group, Inc.
Apr 1, 2012 Anderen Bank FL 1st United Bank
Apr 1, 2012 Anderen Financial, Inc. FL 1st United Bancorp, Inc.
Apr 1, 2012 I Bank Texas, SSB TX Independent Bank
Apr 1, 2012 The Chuo Mitsui Trust and Banking Co., Ltd. — Sumitomo Mitsui Trust Bank, Limited
Apr 1, 2012 H H a Federal Credit Union TX Space City Credit Union
Apr 1, 2012 Tower Credit Union WI Connexus Credit Union
Apr 1, 2012 (unnamed) — Impact Bank
Apr 1, 2012 K E M Credit Union IA Leeco Credit Union
Apr 1, 2012 Roanoke County Schools Federal Credit Union VA Roanoke Valley Community Federal Credit Union
Apr 1, 2012 U P W a District 1 Area 5 Credit Union IL South Division Credit Union
Apr 1, 2012 Pike County Teachers Federal Credit Union MS Sunbelt Federal Credit Union
Apr 1, 2012 Petroleum Associates Federal Credit Union GA Energy One Federal Credit Union
Apr 1, 2012 Prosperity Federal Credit Union CA Pacific Transportation Federal Credit Union
Apr 1, 2012 Oak Ridge School Federal Credit Union TN Knoxville Teachers Federal Credit Union
Apr 1, 2012 Arvin Employees Credit Union MO Ozark Federal Credit Union
Apr 1, 2012 Allegis Credit Union MI Honor Credit Union dba Honor Investment Services
Apr 1, 2012 The Wellsville Bank KS Landmark National Bank
Apr 1, 2012 Pocahy Family Federal Credit Union ID Mountain America Federal Credit Union
Apr 1, 2012 Calcasieu Federal Employees Credit Union LA Southwest Louisiana Credit Union
Apr 1, 2012 Circolo Campobello Di Licata Federal Credit Union NY Empire One Federal Credit Union
Apr 1, 2012 State Bank of Cokato MN Kensington Bank
Apr 1, 2012 Dixiecon Federal Credit Union VA Hopewell Chemical Federal Credit Union
Mar 31, 2012 Filene Federal Credit Union MA Webster First Federal Credit Union
Mar 31, 2012 Centrust Financial, Inc. IL United Community Bancshares, Inc.
Mar 31, 2012 Ely Steelworkers Credit Union MN Northridge Community Credit Union
Mar 31, 2012 Buffalo Fire Department Federal Credit Union NY Crossroads Community Federal Credit Union
Mar 31, 2012 Central York Federal Credit Union PA White Rose Credit Union
Mar 31, 2012 American Bank of Texas, National Association TX American Bank of Texas
Mar 31, 2012 Wilberforce University Federal Credit Union OH Heartland Federal Credit Union
Mar 31, 2012 Bliley Federal Credit Union PA Widget Federal Credit Union
Mar 31, 2012 Mon/Marine Federal Credit Union PA Frick Financial Federal Credit Union
Mar 30, 2012 Bonneville Bancorp UT Green Dot Corporation
Mar 27, 2012 Bluefield Municipal Employees Federal Credit Union WV National Employees Federal Credit Union
Mar 24, 2012 Union State Bank IA First Community Bank
Mar 24, 2012 Pilsen State Bank, Lincolnville, Kansas KS Cottonwood Valley Bank
Mar 17, 2012 State Bank of Bird Island MN Frandsen Bank & Trust
Mar 17, 2012 Bay Bank & Trust Co. FL Trustmark Bank
Mar 15, 2012 Crestmont Baptist Fcu PA Freedom Credit Union
Mar 10, 2012 Mainline National Bank PA S & T Bank
Mar 10, 2012 Town North Bank Nevada, N.A. NV Dallas Capital Bank, National Association
Mar 10, 2012 Mainline Bancorp, Inc. PA S&T Bancorp, Inc.
Mar 8, 2012 Times-News Employees Credit Union ID Magic Valley Federal Credit Union
Mar 3, 2012 RBC Bank (USA) NC PNC Bank, N.A.

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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