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.

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
Jul 1, 2012	Moorhead Federal Credit Union	MN	Magnifi Financial Credit Union
Jul 1, 2012	R M H Federal Credit Union	WV	Bayer Heritage Federal Credit Union
Jul 1, 2012	Inland Empire Credit Union	CA	Credit Union of Southern California, a Federal Credit Union
Jul 1, 2012	First National Bank of the Mid-Cities	TX	First National Bank Baird
Jul 1, 2012	Queen Street Baptist Church Federal Credit Union	VA	Langley Federal Credit Union
Jul 1, 2012	Natick Federal Savings Bank	MA	Mutualone Bank
Jul 1, 2012	Ufcw Local 342 Federal Credit Union	NY	Fourleaf Federal Credit Union
Jul 1, 2012	Fergus Falls Community Federal Credit Union	MN	Otter Tail Credit Union
Jul 1, 2012	West Ohio United Methodist Credit Union, Inc.	OH	Christian Family Credit Union, Inc.
Jun 30, 2012	New Bethel Ame Federal Credit Union	PA	Philadelphia Federal Credit Union
Jun 30, 2012	Community Bank - Missoula	MT	Community Bank, Inc.
Jun 30, 2012	East Bay Postal Credit Union	CA	F3 Credit Union
Jun 30, 2012	Hometown Credit Union	IL	United Community Credit Union
Jun 30, 2012	Lower Bucks Hospital Federal Credit Union	PA	American Heritage Federal Credit Union
Jun 30, 2012	Hazleton Newspaper Employees Federal Credit Union	PA	Scranton Downtown Federal Credit Union
Jun 30, 2012	Cleaver Brooks Credit Union	WI	Appletree Credit Union
Jun 23, 2012	First Federal Savings Bank of Iowa	IA	Great Western Bank
Jun 23, 2012	Union Bank In Liquidation	MO	Arvest Bank
Jun 23, 2012	North Central Bancshares, Inc.	IA	Great Western Bancorporation, Inc.
Jun 23, 2012	Williamstown Savings Bank	MA	Mountainone Bank
Jun 19, 2012	Cal Fed Holdings, Inc.	CA	Citibank, N.A.
Jun 9, 2012	First Texas Bank	TX	First Texas Bank
Jun 9, 2012	Sparks City Employees Federal Credit Union	NV	Great Basin Federal Credit Union
Jun 9, 2012	Hampshire First Bank	NH	NBT Bank, N.A.
Jun 2, 2012	Our Lady of Health Federal Credit Union	MA	Westport Federal Credit Union
Jun 1, 2012	The Palm Bank	FL	C1 Bank
Jun 1, 2012	CGB Holdings, Inc.	CA	Bank of Manhattan, N.A.
Jun 1, 2012	Professional Business Bank	CA	Bank of Manhattan, N.A.
Jun 1, 2012	Virginia Savings Bancorp, Inc.	VA	City Holding Company
Jun 1, 2012	Opportunity Bancshares, Inc.	TX	Green Bancorp, Inc.
Jun 1, 2012	Opportunity Bank, National Association	TX	Green Bank, National Association
Jun 1, 2012	Peoples Bank of Virginia	VA	First Community Bank
Jun 1, 2012	CommerceFirst Bank	MD	Sandy Spring Bank
Jun 1, 2012	Commercefirst Bancorp, Inc.	MD	Sandy Spring Bancorp, Inc.
Jun 1, 2012	Valrico State Bank	FL	SouthState Bank, N.A.
Jun 1, 2012	Lee County Postal Employees Credit Union	FL	Tampa Postal Federal Credit Union
Jun 1, 2012	Georgia Department Public Safety Credit Union	GA	Justice Federal Credit Union
Jun 1, 2012	Metro Credit Union	WI	Centricity Credit Union
Jun 1, 2012	Central Michigan Community Federal Credit Union	MI	Members First Credit Union dba Members First Investment Services
Jun 1, 2012	Moultrie Employees Federal Credit Union	GA	Doco Credit Union
Jun 1, 2012	Virginia Savings Bank, F.S.B.	VA	City National Bank of West Virginia
Jun 1, 2012	Automotive Service Association of Pa., Inc., Federal Credit Union	PA	Washington Area Teachers Federal Credit Union
Jun 1, 2012	Atlanta Teachers Federal Credit Union	GA	Credit Union of Atlanta
May 31, 2012	Patriot Holdings Nevada, Inc.	NV	Patriot Bancshares, Inc.
May 31, 2012	I.B.E.W. Local B-649 Credit Union	IL	Laclede Community Credit Union
May 31, 2012	CY-Hannibal Credit Union	MO	United Community Credit Union
May 29, 2012	Commercial Metals Federal Credit Union	TX	America's Credit Union
May 26, 2012	Premier Bank	KS	ANB Bank
May 21, 2012	Evergreen Bancshares, Inc.	MN	Mesaba Bancshares, Inc.
May 15, 2012	Davidson Trust Company	PA	The Bryn Mawr Trust 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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