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 |
|---|---|---|
| Aug 25, 2012 | Mercantile Bank and Trust Company | Commerce Bank & Trust Company |
| Aug 25, 2012 | Farmer City State Bank | Heartland Bank and Trust Company |
| Aug 25, 2012 | The Exchange National Bank of Cottonwood Falls | The Citizens State Bank |
| Aug 25, 2012 | Mercantile Capital Corp | Commerce Bancshares Corp. |
| Aug 25, 2012 | Financial Members Federal Credit Union | Fort Financial Federal Credit Union |
| Aug 23, 2012 | Sound Financial, Inc. | Sound Financial Bancorp, Inc. |
| Aug 21, 2012 | First Federal Leasing, Inc. | First Bank Midwest |
| Aug 18, 2012 | Farmers Deposit Bank | Citizens Deposit Bank & Trust |
| Aug 18, 2012 | Gateway Bancorp | Banc of California, Inc. |
| Aug 18, 2012 | Gateway Business Bank | Banc of California, National Association |
| Aug 18, 2012 | Ohio River Bank | Citizens Deposit Bank & Trust |
| Aug 18, 2012 | Superior Bank | Chippewa Valley Bank |
| Aug 17, 2012 | Texas Coastal Bank | Texas First Bank |
| Aug 16, 2012 | Northwest Bank | Northwest Bank |
| Aug 16, 2012 | Desert Commercial Bank | First Foundation Bank |
| Aug 15, 2012 | Carol Wire & Cable Corp Employees Federal Credit Union | Navigant Credit Union |
| Aug 15, 2012 | Millennium Bank | Centennial Bank |
| Aug 15, 2012 | Northstar Financial Corporation | Carlile Bancshares, Inc. |
| Aug 11, 2012 | Gotham Bank of New York | Sterling National Bank |
| Aug 4, 2012 | Anne Arundel County Employees Federal Credit Union | State Employees Credit Union of Maryland Inc. |
| Aug 3, 2012 | Montana First Credit Union | Horizon Credit Union |
| Aug 2, 2012 | Bankatlantic | Truist Bank |
| Aug 2, 2012 | Vist Financial Corp. | Tompkins Financial Corporation |
| Aug 2, 2012 | Members First Credit Union, Inc | Pathways Financial Credit Union, Inc. |
| Aug 2, 2012 | Western Credit Union, Inc. | Pathways Financial Credit Union, Inc. |
| Aug 1, 2012 | First Community Bank | The Lyon County State Bank |
| Aug 1, 2012 | Mountain Valley Federal Credit Union | West Virginia Federal Credit Union |
| Aug 1, 2012 | University Drive V.A.H. Federal Credit Union | Va Pittsburgh Employees Federal Credit Union |
| Aug 1, 2012 | North Orange County Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Aug 1, 2012 | Ufcw Northwest Federal Credit Union | Northwest Community Credit Union |
| Aug 1, 2012 | Abilene Telco Federal Credit Union | First Priority Credit Union |
| Aug 1, 2012 | First Star Bank | ESSA Bank & Trust |
| Aug 1, 2012 | Medical Area Federal Credit Union | RTN Federal Credit Union |
| Aug 1, 2012 | Rushville State Bank | Exchange Bank & Trust |
| Aug 1, 2012 | Branch 825 N a L C Credit Union | Alero Financial Credit Union |
| Aug 1, 2012 | Saint Cletus Credit Union | Michigan Legacy Credit Union |
| Aug 1, 2012 | Sunrise Credit Union | Fox Communities Credit Union |
| Aug 1, 2012 | Carroll Childers Credit Union | United Community Credit Union |
| Aug 1, 2012 | Montgomery County Teachers Federal Credit Union | Educational Systems Federal Credit Union |
| Aug 1, 2012 | Franciscan Skemp Credit Union | Mayo Employees Federal Credit Union |
| Aug 1, 2012 | Truax Credit Union | Heritage Credit Union |
| Aug 1, 2012 | Pacific Rails Credit Union | Cyprus Federal Credit Union |
| Aug 1, 2012 | Memphis Chapter Federal Credit Union | Memphis City Employees Credit Union |
| Aug 1, 2012 | Elkton Bancshares, Inc. | Adams Bancshares, Inc. |
| Aug 1, 2012 | Electropower Credit Union | Electro Savings Credit Union |
| Aug 1, 2012 | First Star Bancorp, Inc. | Essa Bancorp, Inc. |
| Aug 1, 2012 | Legend Financial Corporation | Legend Bancorp, Inc. |
| Aug 1, 2012 | Heartland Community Bank | First Nebraska Bank |
| Aug 1, 2012 | M&I Dealer Finance, Inc. | BMO Bank N.A. |
| Aug 1, 2012 | FPFC Management LLC | Wells Fargo & Company |
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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