Calendar Year

1992 in US Banking

2,326 bank events are on record for 1992: 179 failures, 1,066 mergers or acquisitions involving a bank, credit union or bank holding company, and 1,079 enforcement actions.

179

Failures

$89.55B in failed assets

1,066

Mergers

Federal Reserve NIC, banking organizations

1,079

Enforcement

OCC, FDIC, FRB, OTS and SEC 8-K filings

2

Assistance

FDIC open-bank assistance

Jump to: Bank failures 1992 · Bank mergers 1992

How many banks failed in 1992?

179 banks failed in 1992, with $89.55B in assets. Each failure below links to its own page.

Date	Bank	HQ	Assets	Acquirer or resolution
Oct 2, 1992	The Howard Savings Bank	Newark, NJ	$3.46B	First Fidelity Bank Na N
Oct 2, 1992	First Constitution Bank	New Haven, CT	$1.57B	First Federal Bank a FSB
Oct 2, 1992	Eastwest Bank, N.A.	Kihei, HI	$3.8M	First Hawaiian Bank
Sep 25, 1992	Hometown Bank	Edison, NJ	$25.2M	Somerset Trust Co
Sep 25, 1992	Highlands Community Bank, N.A.	Clinton Township, NJ	$19.7M	Somerset Trust Co
Sep 24, 1992	First Exchange Bank of Little Rock	Little Rock, AR	$24.7M	First Commercial Bank N.A.
Sep 18, 1992	Plymouth Five Cents Savings Bank	Plymouth, MA	$221.0M	Citizens Bank of MA
Sep 18, 1992	The Washington Bank	Fairfax County, VA	$28.1M	George Mason Bank
Sep 10, 1992	The First National Bank of Yorktown	Yorktown, TX	$34.4M	Citizens Bank
Aug 28, 1992	The Union Savings Bank	Patchogue, NY	$491.1M	Home Federal Savings Ban
Aug 28, 1992	Seacoast Savings Bank	Dover, NH	$84.8M	First S&LA of New Hampsh
Aug 28, 1992	Potomac FSB	Silver Spring, MD	$72.3M	Maryland FS&LA
Aug 21, 1992	Attleboro Pawtucket SB	Pawtucket, MA	$632.5M	New Bedford Inst for SVG
Aug 21, 1992	Birmingham FSB	Birmingham, AL	$91.8M	First Commercial Bank
Aug 14, 1992	Winchendon Savings Bank	Winchendon, MA	$65.2M	Athol Savings Bank
Aug 7, 1992	Citadel FS & La	Charleston, SC	$39.0M	Carolina First Bank
Aug 7, 1992	Foxworth Bank	Foxworth, MS	$36.5M	Trustmark National Bank
Jul 31, 1992	Massachusetts Bank & Trust Co.	Brockton, MA	$61.8M	Haymarket Coop Bank
Jul 24, 1992	First Russell County	Phenix City, AL	$87.0M	Branch sale
Jul 23, 1992	First National Bank of Texas	Webster, TX	$92.1M	First Prosperity Bank
Jul 17, 1992	New England FSA	Wellesley, MA	$137.3M	Cambridgeport Bank
Jul 17, 1992	Liberty FSB	Warrenton, VA	$92.0M	Jefferson NB
Jul 17, 1992	State Bank of Springfield	Springfield, MN	$30.3M	Southwest State Bank
Jul 10, 1992	Transohio, FSB	Cleveland, OH	$3.37B	Branch sale
Jul 10, 1992	Home FSB	Norfolk, VA	$224.2M	Home SB, FSB
Jul 10, 1992	Southern FSA of Georgia	Atlanta, GA	$160.0M	Branch sale
Jul 6, 1992	Homefed Bank, F.A.	San Diego, CA	$12.18B	Branch sale
Jun 26, 1992	Jacksonville FSA	Jacksonville, FL	$150.9M	First Union NB of FL
Jun 26, 1992	Olympic International Bank & Trust	Boston, MA	$140.3M	Haymarket Coop Bank
Jun 26, 1992	The Somersworth Bank	Somersworth, NH	$114.1M	New Dartmouth Bank
Jun 26, 1992	Vernon Bank	Vernon, CT	$34.3M	Bank of South Windsor
Jun 25, 1992	American National Bank - Post Oak	Houston, TX	$24.7M	First Prosperity Bank
Jun 25, 1992	Castle Hills National Bank	San Antonio, TX	$13.8M	International BK of Com
Jun 19, 1992	Coastal FSB	New London, CT	$238.2M	Branch sale
Jun 19, 1992	First Home FSA	Pittsburgh, PA	$131.7M	First Home FSB, FSB
Jun 19, 1992	First Newport FSB	Newport Beach, CA	$35.0M	Sterling B&T, FSB
Jun 12, 1992	American Savings Bank	White Plains, NY	$3.20B	First Fidelity Bank Na N
Jun 12, 1992	Columbia Banking Fed.	Rochester, NY	$1.28B	Branch sale
Jun 12, 1992	Riverhead Savings Bank	Riverhead, NY	$388.8M	Bank of New York
Jun 12, 1992	San Clemente FSB	San Clemente, CA	$220.4M	Household Bank, FSB
Jun 12, 1992	Cherokee Valley FSA	Cleveland, TN	$142.5M	Branch sale
Jun 12, 1992	Landmark Bank for Savings	Whitman, MA	$62.1M	Abington Savings Bank
Jun 12, 1992	American Interstate Bank	Newport Beach, CA	$42.0M	Marine National Bank
Jun 5, 1992	First American FSB	Greensboro, NC	$804.3M	Centura Bank
Jun 5, 1992	Republic FSB	Matteson, IL	$290.3M	Regency SB, FSB
Jun 5, 1992	Cooper River, FSA	North Charleston, SC	$228.9M	First Citizens B&TC of SC
Jun 5, 1992	Volunteer FSA	Little Ferry, NJ	$51.2M	Interchange State Bank
Jun 4, 1992	Home Unity Federal	Lafayette Hill, PA	$684.8M	Branch sale
Jun 4, 1992	Mayfair Bank	Chicago, IL	$32.2M	Foster Bank
Jun 4, 1992	The Home State Bank	Longton, KS	$4.2M	—

Which banks merged in 1992?

1,066 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1992.

See the fuller list: Bank mergers 1992 with largest deals and credit union mergers ›

Date	Acquired	St	Acquirer
Oct 29, 1992	DPC of Wausau, Inc.	WI	Firstar Investment Research & Management Company
Oct 24, 1992	Brentwood Bank	NE	American National Bank of Sarpy County
Oct 24, 1992	Heritage Bank Country Club Hills	IL	Heritage Bank
Oct 24, 1992	Murray Envelope Empl Cu	MS	Sunbelt Federal Credit Union
Oct 24, 1992	Illini Bank-Stonington	IL	Illini Bank-East
Oct 24, 1992	Home Federal Savings Bank	SC	SouthTrust Bank of South Carolina, National Association
Oct 23, 1992	Parent Federal Savings Bank	PA	CCNB Bank, National Association
Oct 23, 1992	Security National Bank East	TX	Security National Bank of San Antonio
Oct 23, 1992	The Gettysburg National Bank	PA	CCNB Bank, National Association
Oct 22, 1992	Manufacturers Affiliated Trust Company	IL	Lasalle Bank Illinois
Oct 21, 1992	Summit Holding Corporation	WV	United Bankshares, Inc.
Oct 21, 1992	Liberty Bancshares, Inc.	WV	United Bankshares, Inc.
Oct 21, 1992	Montgomery National Bank	WV	United Bank
Oct 19, 1992	Ameritrust Bank, Howard County	IN	Society National Bank, Indiana
Oct 19, 1992	(unnamed)	—	Society National Bank, Indiana
Oct 19, 1992	Norwest Bank Nebraska Lincoln, National Association	NE	Wells Fargo Bank Nebraska, National Association
Oct 19, 1992	Ameritrust National Bank, Central Indiana	IN	Society National Bank, Indiana
Oct 17, 1992	Freedom Bank	TX	The Peoples State Bank
Oct 17, 1992	Bank One, Monticello	IL	Bank One, Champaign-Urbana
Oct 17, 1992	Inland Savings and Loan Association	CA	HCN Bank
Oct 17, 1992	Med Center Bank and Trust	TX	Augusta Financial Group, Inc.
Oct 17, 1992	Andrew Savings Bank	IA	Mercantile Bank of Dubuque, National Association
Oct 17, 1992	Northern Trust Bank of Florida/Sarasota, National Association	FL	Northern Trust, National Association
Oct 17, 1992	American National Bank of Lansing	IL	Bank One, National Association
Oct 16, 1992	Hemet Bancorp	CA	HCN Bank
Oct 16, 1992	Minnetonka National Bank	MN	Ameribank
Oct 15, 1992	Woodstream Fcu	PA	Wheatland Federal Credit Union
Oct 15, 1992	INB Financial Corporation	IN	NBD Indiana, Inc.
Oct 10, 1992	The Bank of Alexis	IL	Farmers State Bank of Western Illinois
Oct 10, 1992	Howard Empl Fcu	MS	Sunbelt Federal Credit Union
Oct 8, 1992	Nebraska State Bank	NE	Farmers and Merchants Bank
Oct 8, 1992	The Bank of Palmyra	NE	Farmers and Merchants Bank
Oct 8, 1992	Farmers State Bank	NE	Farmers and Merchants Bank
Oct 7, 1992	Belvedere Empl Fcu	FL	Gold Coast Federal Credit Union
Oct 3, 1992	First State Bank	IA	Mercantile Bank of Mount Ayr
Oct 3, 1992	Vistar Bank	NE	Wells Fargo Bank Nebraska, National Association
Oct 3, 1992	Wisco, Inc.	IA	Hawkeye Bancorporation
Oct 3, 1992	The Howard Federal Savings, F.A.	NJ	First Fidelity Bank, National Association, New Jersey
Oct 3, 1992	United Bancshares, Inc.	NE	Wells Fargo & Company
Oct 2, 1992	Great Falls Clinic Federal Credit Union	MT	The Family First Federal Credit Union
Oct 1, 1992	A H P Employees Federal Credit Union	NY	Benchmark Federal Credit Union
Oct 1, 1992	Columbia Savings, a Federal Savings and Loan Association	CO	Granite Bank, Federal Savings Bank
Oct 1, 1992	Security Bank of Colorado	CO	First United Bank, National Association
Oct 1, 1992	Illinois Banc One Corporation	IL	Banc One Illinois Corporation
Oct 1, 1992	Florida Home Builders Association Credit Union	FL	Space Coast Credit Union
Oct 1, 1992	Kerite Employees Federal Credit Union	CT	Science Park Federal Credit Union
Oct 1, 1992	Woodford Investment Company	IL	HBT Financial, Inc.
Oct 1, 1992	United Missouri Safe Deposit Company	MO	UMB Bank, N.A.
Oct 1, 1992	Egco Federal Credit Union	NJ	Synergy Bank
Oct 1, 1992	First State Bancorporation, Inc.	WV	CB&T Clarksburg Corp.

The list holds 500 of the 1,066 mergers recorded for 1992.

Enforcement Actions in 1992

Action date	Agency	Institution	Action
Jul 7, 1992	OCC	Falcon Bancshares Incorporated	Civil Money Penalty (CMP): Falcon National Bank
Jul 7, 1992	FRB	Habib Bank Ag Zurich	Cease and Desist Order: Habib Bank AG Zurich, Zurich, Switzerland and Habib Bank AG …
Jul 7, 1992	FRB	Habib Bank Ag Zurich	Civil Money Penalty $200,000: Habib Bank AG Zurich, Zurich, Switzerland and Habib Bank AG …
Jul 7, 1992	FRB	Kerkhoven Bancshares, Inc.	Civil Money Penalty $20,000: Dennis J. Zaun
Jul 7, 1992	FRB	Kerkhoven Bancshares, Inc.	Civil Money Penalty $10,000: Thomas J. Sexton
Jul 7, 1992	FRB	Kerkhoven Bancshares, Inc.	Cease and Desist Order: Thomas J. Sexton
Jul 2, 1992	OCC_OTS	(individual)	Orders of Removal/Prohibition: William H. Boltz III
Jul 2, 1992	OCC	National Commercial Bank and Trust Company	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The National Commercial Bank
Jul 2, 1992	OCC_OTS	Life Savings Association	Cease and Desist: Life Savings Association
Jul 2, 1992	OCC_OTS	Athens Federal Savings and Loan Association	Orders of Removal/Prohibition: Elbert Lane Willson IV
Jul 2, 1992	OCC_OTS	First Savings of America, a Federal Savings and Loan Association	Orders of Removal/Prohibition: Stephen T. Guthrie
Jul 2, 1992	OCC_OTS	(individual)	Supervisory Agreement: Johnstwon Savings Bank, FSB
Jul 1, 1992	OCC	University National Bank	Civil Money Penalty (CMP): Quiroga, Roger R.
Jul 1, 1992	OCC	First National Bank in Georgetown	C&D or PC&D Requiring Restitution: Pribble, Jack
Jul 1, 1992	OCC	First National Bank in Georgetown	Civil Money Penalty (CMP): Black, Elvis
Jul 1, 1992	OCC	First National Bank in Georgetown	Civil Money Penalty (CMP): Cornwell, Frank
Jul 1, 1992	OCC	First National Bank in Georgetown	Civil Money Penalty (CMP): Maudlin, John
Jul 1, 1992	OCC	First National Bank in Georgetown	Civil Money Penalty (CMP): Morrison, Jack
Jul 1, 1992	OCC	First National Bank in Georgetown	Civil Money Penalty (CMP): Neubert, Dixie
Jul 1, 1992	OCC	First National Bank in Georgetown	Civil Money Penalty (CMP): Schecter, Kenneth
Jul 1, 1992	OCC	First National Bank in Georgetown	Civil Money Penalty (CMP): Stal, Terry
Jul 1, 1992	OCC	The Honesdale National Bank	Formal Agreement: Honesdale National Bank
Jul 1, 1992	OCC	First National Bank in Georgetown	Prohibition/Removal Orders: Pribble, Jack
Jul 1, 1992	OCC_OTS	(individual)	Orders of Removal/Prohibition: Frank Napier
Jun 30, 1992	OCC	(individual)	Formal Agreement: California United Bank, N.A.
Jun 30, 1992	OCC_OTS	Pamrapo Bancorp, Inc.	Supervisory Agreement: Pamrapo Savings Bank, SLA
Jun 30, 1992	FRB	First Bancorp of Oklahoma, Inc.	Written Agreement: Louis A. Weingart
Jun 30, 1992	FRB	First Bancorp of Oklahoma, Inc.	Written Agreement: First Bancorp of Oklahoma, Tonkawa, OK
Jun 30, 1992	OCC	Country National Bank	Formal Agreement: Country National Bank
Jun 30, 1992	OCC_OTS	(individual)	Cease and Desist: Louis Valentine
Jun 29, 1992	OCC_OTS	(individual)	Cease and Desist: Home Federal Bank, S.B.
Jun 29, 1992	OCC_OTS	St. Edmond's Federal Savings Bank	Cease and Desist: St. Edmond's Savings and Loan Association
Jun 29, 1992	OCC_OTS	First Federal Savings Bank	Civil Money Penalty: First Federal Savings Bank
Jun 29, 1992	OCC_OTS	Talladega Federal Savings and Loan Association	Civil Money Penalty: Barry N. McCrary
Jun 26, 1992	OCC_OTS	Eagle Federal Bank for Savings	Supervisory Agreement: Eagle Federal Bank for Savings
Jun 26, 1992	OCC_OTS	(individual)	Cease and Desist: William L. Lloyd
Jun 26, 1992	OCC_OTS	(individual)	Orders of Removal/Prohibition: William L. Lloyd
Jun 26, 1992	OCC_OTS	Virginia Federal Savings Bank	Supervisory Agreement: Virginia Federal Savings Bank
Jun 25, 1992	OCC_OTS	Bay Federal Savings Bank	Supervisory Agreement: Bay Financial Savings Bank, FSB
Jun 25, 1992	OCC	Mission National Bank	Formal Agreement: Mission National Bank
Jun 25, 1992	OCC_OTS	(individual)	Orders of Removal/Prohibition: Donald J. McArthur
Jun 25, 1992	OCC_OTS	(individual)	Supervisory Agreement: Security Savings Bank, FSB
Jun 24, 1992	OCC	First National Bank of Wiggins	Formal Agreement: First National Bank Of Wiggins
Jun 24, 1992	OCC	Citibank, N.A.	Securities Enforcement Action: Citibank, N.A.
Jun 23, 1992	OCC_OTS	Security Federal Savings and Loan Association	Cease and Desist: John A. Corpaci
Jun 22, 1992	OCC_OTS	Imperial Savings and Loan Association	Supervisory Agreement: Imperial Savings and Loan Association, Inc.
Jun 19, 1992	FRB	(individual)	Written Agreement: Guaranty Bancshares Corporation, Shamokin, PA
Jun 19, 1992	OCC	Sprague National Bank	Civil Money Penalty (CMP): Sprague National Bank
Jun 19, 1992	OCC_OTS	Security Federal Savings and Loan Association of Chicago	Supervisory Agreement: Security Federal Savings and Loan Association of Chicago
Jun 18, 1992	OCC_OTS	Savings Bank of the Finger Lakes, FSB	Supervisory Agreement: Savings Bank of the Finger Lakes,, FSB

FDIC Open-Bank Assistance in 1992

Date	Institution	HQ	Assets
Dec 10, 1992	Citizens State Bank	Princeton, TX	$12.9M
Oct 16, 1992	Freedom Bank	Ranger, TX	$20.9M

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