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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 8, 2012 White Hall Bank IL Peoples Bank & Trust
Dec 8, 2012 Wemple State Bank IL Peoples Bank & Trust
Dec 6, 2012 The Troy State Bank KS Exchange Bank & Trust
Dec 6, 2012 City National Bancshares, Inc. NE BBJ Incorporated
Dec 6, 2012 CNB Community Bank NE First National Bank in Ord
Dec 3, 2012 Santa Barbara Bank & Trust, National Association CA MUFG Union Bank, National Association
Dec 3, 2012 Pacific Capital Bancorp CA Mufg Americas Holdings Corporation
Dec 2, 2012 Kapalama Pacific Federal Credit Union HI Hawaii Central Federal Credit Union
Dec 1, 2012 Armstrong Preferred Members Federal Credit Union IL Illiana Financial Credit Union
Dec 1, 2012 Oasis Bank, SSB TX Spirit of Texas Bank, SSB
Dec 1, 2012 Osage Bancshares, Inc. OK American Bancorporation, Inc.
Dec 1, 2012 VantageSouth Bank NC Vantagesouth Bank
Dec 1, 2012 Bank 1st Financial Corporation NM Main Banc, Inc.
Dec 1, 2012 Lone Summit Bank MO Great American Bank
Dec 1, 2012 California Community Bank CA Regents Bank, N.A.
Dec 1, 2012 First Trust Bank NC Bank of North Carolina
Dec 1, 2012 Western Reserve Bank OH Westfield Bank, FSB
Dec 1, 2012 Western Reserve Bancorp, Inc. OH Westfield Bancorp
Dec 1, 2012 Bank 1st NM Main Bank
Dec 1, 2012 Select Bank MI First Community Bank
Dec 1, 2012 Campello Bancorp MA Eastern Bankshares Inc
Dec 1, 2012 Premier Bank FL Centennial Bank
Dec 1, 2012 Fidelity Bancorp, Inc. PA WesBanco, Inc.
Dec 1, 2012 PlainsCapital Corporation TX PlainsCapital Corporation
Dec 1, 2012 First Southeast Missouri Bancorporation, Inc. MO Reliable Community Bancshares, Inc.
Dec 1, 2012 Sulphur Community Bancshares, Inc. OK Vision Bancshares, Inc.
Dec 1, 2012 Kit Carson Insurance Agency, Inc. CO Weed Investment Group, Inc.
Dec 1, 2012 Garment Workers Federal Credit Union MA Saint Anthony of Padua Federal Credit Union
Dec 1, 2012 Citizens Bank of Blythedale MO Verimore Bank
Dec 1, 2012 T & P Federal Credit Union TX Cosden Federal Credit Union
Dec 1, 2012 State Bank of Ledyard IA Bank Plus
Dec 1, 2012 Merrimack College Federal Credit Union MA Brightbridge Credit Union
Dec 1, 2012 Wrigley Associates Credit Union IL Healthcare Associates Credit Union
Dec 1, 2012 Security Bank and Trust Company MO The Bank of Missouri
Dec 1, 2012 Fannie Mae Federal Credit Union DC The Partnership Federal Credit Union
Dec 1, 2012 Total Assurance Federal Credit Union OH Telhio Credit Union, Inc.
Dec 1, 2012 Fidelity Savings Bank PA WesBanco Bank, Inc.
Dec 1, 2012 Health Care Professionals of Napa Federal Credit Union CA Community First Credit Union
Dec 1, 2012 Yale Security, Inc. Federal Credit Union NC Lithium Federal Credit Union
Dec 1, 2012 Koloa Federal Credit Union HI Garden Island Federal Credit Union
Dec 1, 2012 Trailview Federal Credit Union OH Sun Federal Credit Union
Dec 1, 2012 E*trade United Bank VA E*trade Bank
Dec 1, 2012 Hull Federal Savings Bank MD Kopernik Bank
Dec 1, 2012 Niagara County's Federal Credit Union NY Niagara's Choice Federal Credit Union
Dec 1, 2012 Community Bank of the Arbuckles OK Vision Bank
Dec 1, 2012 New River Valley Truck Plant Federal Credit Union VA Truliant Federal Credit Union
Dec 1, 2012 State Bank of Prairie du Rocher IL Buena Vista National Bank
Dec 1, 2012 Circle K Credit Union IA Integrus Credit Union
Dec 1, 2012 East Coast Credit Union NC Piedmont Advantage Credit Union
Dec 1, 2012 Southwest Missouri Credit Union MO Multipli Credit Union

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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