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 | Assets |
|---|---|---|
| Jan 20, 2012 | American Eagle Savings Bank | $19.3M |
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 | Acquirer |
|---|---|---|
| Sep 30, 2012 | South Berkeley Federal Credit Union | Bayer Heritage Federal Credit Union |
| Sep 30, 2012 | Agrico Chem Federal Credit Union | Shell Geismar Federal Credit Union |
| Sep 29, 2012 | Hartford Postal Employees Credit Union | American Eagle Financial Credit Union, Inc. |
| Sep 29, 2012 | Rochester Dairy Cooperative Credit Union | First Alliance Credit Union |
| Sep 29, 2012 | Trinity Credit Union | Power Credit Union |
| Sep 27, 2012 | Gmac European Auto Finance Holdings LLC | Ib Finance Holding Company, LLC |
| Sep 25, 2012 | Capital Bank Corporation | Capital Bank Financial Corp. |
| Sep 24, 2012 | The First National Bank of Southern Kansas | The First National Bank of Hutchinson |
| Sep 22, 2012 | First National Bank | Bell Bank |
| Sep 22, 2012 | Oceanic Bank Holding, Inc. | FNB Bancorp |
| Sep 22, 2012 | Oceanic Bank | First National Bank of Northern California |
| Sep 21, 2012 | Colorado Valley Bank,SSB | Pioneer Bank, SSB |
| Sep 21, 2012 | Gmac Latin America Holdings LLC | Ib Finance Holding Company, LLC |
| Sep 21, 2012 | TIB Financial Corp. | Capital Bank Financial Corp. |
| Sep 21, 2012 | La Grange Bancshares, Incorporated | Pioneer Bank, SSB |
| Sep 21, 2012 | Green Bankshares, Inc. | Capital Bank Financial Corp. |
| Sep 19, 2012 | Vamc Fayetteville Federal Credit Union | Vision Financial Federal Credit Union |
| Sep 15, 2012 | First Federal Savings Bank | Peoples Bank |
| Sep 15, 2012 | Keysource Financial, Inc. | BNC Bancorp |
| Sep 15, 2012 | Sistersville Bancorp, Inc. | Peoples Bancorp Inc. |
| Sep 15, 2012 | Keysource Commercial Bank | Bank of North Carolina |
| Sep 15, 2012 | Indiana Community Bancorp | Old National Bancorp |
| Sep 15, 2012 | Encore Bank, National Association | Cadence Bank, N.A. |
| Sep 15, 2012 | Gateway Bank & Trust | Builtwell Bank |
| Sep 15, 2012 | Indiana Bank and Trust Company | Old National Bank |
| Sep 5, 2012 | CR Community First Federal Credit Union | Black Hills Federal Credit Union |
| Sep 4, 2012 | PNC Mortgage Services, Inc. | PNC Bank, N.A. |
| Sep 4, 2012 | Tetco Employees Federal Credit Union | Benchmark Federal Credit Union |
| Sep 1, 2012 | Panhandle Public Employees Federal Credit Union | Potlatch NO.1 Financial Credit Union |
| Sep 1, 2012 | Inspire Community Development Federal Credit Union | Advia Credit Union |
| Sep 1, 2012 | Sonoran Bank, N.A. | KS Statebank |
| Sep 1, 2012 | (unnamed) | BMO Bank N.A. |
| Sep 1, 2012 | Central State Hospital Credit Union | CGR Credit Union |
| Sep 1, 2012 | Bay Pines Federal Credit Union | Midflorida Credit Union |
| Sep 1, 2012 | R T C Federal Credit Union | Transit Workers Federal Credit Union |
| Sep 1, 2012 | I-R Employees Federal Credit Union | Allegacy Federal Credit Union |
| Sep 1, 2012 | First Federal Savings and Loan Association of Pekin | Community Partners Savings Bank |
| Sep 1, 2012 | Indian River Federal Credit Union | Midflorida Credit Union |
| Sep 1, 2012 | East Kentucky Employees Federal Credit | Members Heritage Credit Union Inc |
| Sep 1, 2012 | Bilt Well Credit Union | Holy Ghost Parish Credit Union |
| Sep 1, 2012 | Rainbow Credit Union | Ripco Credit Union |
| Sep 1, 2012 | Massachusetts State Employees Credit Union | Metro Credit Union |
| Sep 1, 2012 | Chicago Heights Steel Credit Union | Illiana Financial Credit Union |
| Sep 1, 2012 | Charleston Postal Cooperative Federal Credit Union | CPM Federal Credit Union |
| Sep 1, 2012 | Alliant Bank | Legacy Bank |
| Sep 1, 2012 | Columbian Federal Credit Union | Unity Catholic Federal Credit Union |
| Sep 1, 2012 | Greater Ozarks Community Credit Union | Blucurrent Credit Union |
| Sep 1, 2012 | Memberstrust Credit Union | Bayport Federal Credit Union |
| Aug 29, 2012 | Baptist Employees Credit Union | First Carolina People's Credit Union |
| Aug 28, 2012 | Signature Bank | Equity Bank |
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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