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 1, 2012 | Florida Gulf Bank | Iberiabank |
| Aug 1, 2012 | Premier Commercial Bank, National Association | California United Bank |
| Aug 1, 2012 | American Security Bank and Trust Company | CapStar Bank |
| Aug 1, 2012 | Premier Commercial Bancorp | Cu Bancorp |
| Aug 1, 2012 | Florida Gulf Bancorp, Inc. | Iberiabank Corporation |
| Aug 1, 2012 | American Perspective Bank | Banc of California |
| Aug 1, 2012 | Realtors Federal Credit Union | Northwest Federal Credit Union |
| Jul 31, 2012 | (unnamed) | Bank of Belton |
| Jul 31, 2012 | Leasenet Group, LLC | The Huntington National Bank |
| Jul 31, 2012 | Voyager Fleet Systems Inc. | U.S. Bank N.A. ND |
| Jul 21, 2012 | Valliance Texas Financial Holdings, Inc. | Valliance Financial Corp. |
| Jul 21, 2012 | Houston Business Bank | Texas First Bank |
| Jul 21, 2012 | Valliance Bank | Valliance Bank |
| Jul 20, 2012 | F C Bankers Services, Inc. | F C Holdings, Inc. |
| Jul 17, 2012 | Heartland Bancshares, Inc. | Horizon Bancorp, Inc. |
| Jul 17, 2012 | Heartland Community Bank | Horizon Bank |
| Jul 16, 2012 | Yellowstone Trail Bancorporation | Ipswich Community Bancshares, Inc. |
| Jul 14, 2012 | State Bank of Carbondale | The First Security Bank |
| Jul 14, 2012 | State Bank & Trust Co. | The Bank of Commerce |
| Jul 13, 2012 | Bank of Naples | Central Bank |
| Jul 7, 2012 | Highland Falls Federal Savings and Loan Association | Wallkill Valley Federal Savings and Loan Association |
| Jul 6, 2012 | Citizens Automobile Finance, Inc | Citizens Bank, N.A. |
| Jul 6, 2012 | Oh Investment Corp. IV | Citizens Bank, N.A. |
| Jul 5, 2012 | N.M.H. Federal Credit Union | Community Regional Credit Union |
| Jul 3, 2012 | First State Bank | GNB Bank |
| Jul 3, 2012 | Security Business Bancorp | Starbuck Bancshares, Inc. |
| Jul 3, 2012 | Security Business Bank of San Diego | AmericanWest Bank |
| Jul 2, 2012 | The First State Bank of Burlingame | Flint Hills Bank |
| Jul 1, 2012 | Olan Mills Savings Association Credit Union | Trust Federal Credit Union |
| Jul 1, 2012 | Community Bank, Austin | Community National Bank |
| Jul 1, 2012 | First National Bank of Muskogee | Firstar Bank |
| Jul 1, 2012 | M&I Business Credit, LLC | BMO Bank N.A. |
| Jul 1, 2012 | First Munday Bancshares, Inc. | First Baird Bancshares, Inc. |
| Jul 1, 2012 | American State Financial Corporation | Prosperity Bancshares, Inc. |
| Jul 1, 2012 | Peoples Electric Power Credit Union | Utah Power Credit Union |
| Jul 1, 2012 | NYC Mercury Credit Union, Inc. | Eaton Family Credit Union |
| Jul 1, 2012 | Human Services Employees Credit Union | Center Parc Credit Union |
| Jul 1, 2012 | Baptist Regional Medical Federal Credit Union | Harvesters Federal Credit Union |
| Jul 1, 2012 | Family 1 Federal Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Jul 1, 2012 | Independence Parkway Federal Credit Union | Space City Credit Union |
| Jul 1, 2012 | Shoshone County School Employees Credit Union | Potlatch NO.1 Financial Credit Union |
| Jul 1, 2012 | Credit Union One Credit Union | American United Federal Credit Union |
| Jul 1, 2012 | American State Bank | Prosperity Bank |
| Jul 1, 2012 | First National Bank in Munday | First National Bank Baird |
| Jul 1, 2012 | Noridian Employees Credit Union | Capital Credit Union |
| Jul 1, 2012 | Madison V.A. Employees Credit Union | Dane County Credit Union |
| Jul 1, 2012 | Bellwood Federal Credit Union | Henrico Federal Credit Union |
| Jul 1, 2012 | Valleystone Credit Union | Polish National Credit Union |
| Jul 1, 2012 | Abaco Maryland Federal Credit Union | Atlantic Financial Federal Credit Union |
| Jul 1, 2012 | Moapa Valley Federal Credit Union | America First 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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