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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
May 12, 2012 Bank of Birch Tree MO Landmark Bank
May 5, 2012 First Bank of White SD First Bank & Trust
May 2, 2012 Wachovia Capital Investors, Inc. NC Wells Fargo & Company
May 1, 2012 Citizens Community Bank ID Glacier Bank
May 1, 2012 Western Security Bank MT Glacier Bank
May 1, 2012 Bank of the San Juans CO Glacier Bank
May 1, 2012 Kingdom Federal Credit Union VA Abnb Federal Credit Union
May 1, 2012 Mountain West Bank ID Glacier Bank
May 1, 2012 Big Sky Western Bank MT Glacier Bank
May 1, 2012 First Citizens of Paris, Inc. IL First Farmers Financial Corporation
May 1, 2012 The Citizens National Bank of Paris IL First Farmers Bank & Trust Co.
May 1, 2012 Ada Employees Credit Union TX Houston Highway Credit Union
May 1, 2012 1st Bank WY Glacier Bank
May 1, 2012 Capitol Finance Group, Inc. NC Wells Fargo & Company
May 1, 2012 Copiah-Lincoln Educators Federal Credit Union MS Mississippi Public Employees Federal Credit Union
May 1, 2012 First Security Bank of Missoula MT Glacier Bank
May 1, 2012 First Bank of Montana MT Glacier Bank
May 1, 2012 Valley Bank of Helena MT Glacier Bank
May 1, 2012 Emsco Credit Union UT P & S Credit Union
May 1, 2012 Area West Federal Credit Union TX Transtar Federal Credit Union
May 1, 2012 Access First Federal Credit Union MI United Bay Community Credit Union
May 1, 2012 Spectrum Federal Credit Union CA Chevron Federal Credit Union
May 1, 2012 Anderson South Carolina City Employees Federal Credit Union SC S.C. State Federal Credit Union
May 1, 2012 Saint Agnes Hospital Federal Credit Union CA Educational Employees Credit Union
May 1, 2012 Utelco Credit Union, Inc. OH Superior Credit Union Inc
May 1, 2012 Lorain County Postal Employees Credit Union, Inc. OH Ohio's First Class Credit Union
May 1, 2012 Elwood City Holy Redeemer Parish Federal Credit Union PA Freedom United Federal Credit Union
May 1, 2012 State Bank of Bricelyn MN Farmers Trust & Savings Bank
May 1, 2012 First Bank of Wyoming WY Glacier Bank
Apr 30, 2012 Intext Employees Federal Credit Union PA Net Federal Credit Union
Apr 30, 2012 St Agatha Federal Credit Union ME Acadia Federal Credit Union
Apr 27, 2012 Bank of Tokyo-Mitsubishi UFJ Trust Company CA Ub Leasing Corporation
Apr 25, 2012 The Peoples National Bank SC South State Bank
Apr 25, 2012 Peoples Bancorporation, Inc. SC SouthState Bank Corporation
Apr 25, 2012 Seneca National Bank SC South State Bank
Apr 25, 2012 Bank of Anderson, National Association SC South State Bank
Apr 23, 2012 Connecticut Energy Employees Credit Union, Inc. CT Mutual Security Credit Union, Inc.
Apr 21, 2012 First State Bank of Mapleton IA The Security National Bank of Sioux City, Iowa
Apr 21, 2012 Farmers State Bank of Dent MN United Community Bank
Apr 21, 2012 Centra Bank, Inc. WV United Bank
Apr 20, 2012 The Connecticut Bank and Trust Company CT Berkshire Bank
Apr 16, 2012 McKinley Memorial Federal Credit Union PA Freedom Credit Union
Apr 16, 2012 Gateway Bancshares, Inc. GA Builtwell Bancorp, Inc
Apr 14, 2012 Brazos Valley Bank, National Association TX American Momentum Bank
Apr 11, 2012 Frontier Bank NE Cornerstone Bank
Apr 7, 2012 Iscola Federal Credit Union LA Morton Weeks Federal Credit Union
Apr 7, 2012 Farmers National Bank KY Heritage Bank, Inc.
Apr 6, 2012 DB Holding Company, Inc. NE DS Holding Company, Inc.
Apr 4, 2012 Kenrick Federal Credit Union PA Trumark Credit Union
Apr 3, 2012 St. Edmond's Federal Savings Bank PA Beneficial 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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