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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
Nov 1, 2012 First Community Credit Union TN Listerhill Credit Union
Nov 1, 2012 Ufcw of America Federal Credit Union NJ Garden State Federal Credit Union
Nov 1, 2012 Medical Care Employees Federal Credit Union OH Seven Seventeen Credit Union Inc
Nov 1, 2012 Dakota Heritage State Bank SD Security Bank Midwest
Oct 31, 2012 Scott A. T. O. Federal Credit Union NY Good Neighbors Federal Credit Union
Oct 26, 2012 First Community Bank MO Equity Bank
Oct 26, 2012 First Community Bancshares, Inc. KS Equity Bancshares, Inc.
Oct 22, 2012 BSC, Inc. KY Forcht Bancorp, Inc.
Oct 20, 2012 Service1st Bank of Nevada NV Bank of Nevada
Oct 20, 2012 1st Commonwealth Bank of Virginia VA FVCbank
Oct 20, 2012 Garden City State Bank KS KCB Bank
Oct 19, 2012 Beacon Federal Bancorp, Inc. NY Beacon Financial Corporation
Oct 19, 2012 Beacon Federal NY Berkshire Bank
Oct 18, 2012 Western Liberty Bancorp NV Western Alliance Bancorporation
Oct 17, 2012 Electric Federal Credit Union CA Excite Credit Union
Oct 16, 2012 Marathon Banking Corporation NY Investors Bancorp, Inc.
Oct 16, 2012 Marathon National Bank of New York NY Investors Bank
Oct 12, 2012 Marathon State Bank WI Peoples State Bank
Oct 12, 2012 Malvern Federal Mutual Holding Company PA Malvern Bancorp, Inc
Oct 12, 2012 Southern Community Financial Corporation NC Capital Bank Financial Corp.
Oct 12, 2012 Southern Community Bank and Trust NC Capital Bank Corporation
Oct 10, 2012 Citizens South Bank NC Park Sterling Bank
Oct 9, 2012 MarkleBank IN IAB Financial Bank
Oct 6, 2012 M&I Bank of Mayville WI BMO Harris Central N.A.
Oct 4, 2012 Madison County Financial Corporation NE Madison County Financial, Inc.
Oct 4, 2012 Madison County Holding, MHC NE Madison County Financial, Inc.
Oct 2, 2012 Denison District Telephone Credit Union TX Texas Telcom Credit Union
Oct 1, 2012 Cat Federal Credit Union PA Members 1st Federal Credit Union
Oct 1, 2012 Hawaii Stevedores/Castle & Cooke-Hawaii Federal Credit Union HI Aloha Pacific Federal Credit Union
Oct 1, 2012 San Diego Jacl Federal Credit Union CA Mission Federal Credit Union
Oct 1, 2012 Santa Monica City Employees Federal Credit Union CA Southland Credit Union
Oct 1, 2012 BC3 Employees Federal Credit Union PA Trumark Credit Union
Oct 1, 2012 New Mexico Central Credit Union NM Rio Grande Credit Union
Oct 1, 2012 Cattleman's National Bank TX Lone Star Capital Bank, National Association
Oct 1, 2012 Ferndale Refinery Credit Union WA Industrial Credit Union of Whatcom County
Oct 1, 2012 Tri-State Federal Credit Union WV Universal Federal Credit Union
Oct 1, 2012 Saint Johns Federal Credit Union TX Greater Texas Federal Credit Union
Oct 1, 2012 PCH Federal Credit Union NY Hudson Valley Federal Credit Union
Oct 1, 2012 Community Healthcare Credit Union IL Community Plus Federal Credit Union
Oct 1, 2012 Spotswood Employees Federal Credit Union NJ First Point Federal Credit Union
Oct 1, 2012 A-E Employees Credit Union IA Financial Plus Credit Union
Oct 1, 2012 Cca Knoxville Federal Credit Union TN New South Credit Union
Oct 1, 2012 First State Bank TX First Victoria National Bank
Oct 1, 2012 Byzantine Catholic Federal Credit Union OH Unity Catholic Federal Credit Union
Oct 1, 2012 Smith & Sons Employees Credit Union GA Center Parc Credit Union
Oct 1, 2012 Citizens South Banking Corporation NC Park Sterling Corporation
Oct 1, 2012 Community National Bank TX Prosperity Bank
Oct 1, 2012 United Community Bank, National Association TX Independent Bank
Oct 1, 2012 Peoples Mortgage Corporation CO Peoples National Bank
Oct 1, 2012 Metro Fellowship Federal Credit Union IL South Side Community Federal 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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