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 | Assets |
|---|---|---|
| Feb 28, 1992 | Irvington FSB | $43.8M |
| Feb 28, 1992 | Colony Savings Bank | $35.7M |
| Feb 28, 1992 | Alpha Indian Rock FS & La | $7.2M |
| Feb 27, 1992 | Columbia Bank | $17.0M |
| Feb 21, 1992 | Dollar DRY Dock Bank | $4.03B |
| Feb 21, 1992 | The Bank of Brandywine Valley | $44.9M |
| Feb 21, 1992 | National City Bank | $19.0M |
| Feb 14, 1992 | The Central Savings Bank | $369.1M |
| Feb 7, 1992 | United Savings of America, F.A. | $327.2M |
| Feb 7, 1992 | Merchants National Bank | $35.1M |
| Feb 7, 1992 | Kempton State Bank | $3.6M |
| Feb 6, 1992 | Landmark Bank of Forth Worth | $80.5M |
| Jan 31, 1992 | Pelican Homestead Sa | $1.28B |
| Jan 31, 1992 | Security FSA | $107.1M |
| Jan 31, 1992 | Sentinel Bank | $74.8M |
| Jan 31, 1992 | Fountain Bank | $15.6M |
| Jan 30, 1992 | Independence Bank | $535.8M |
| Jan 30, 1992 | Atlantic Trust Company | $21.2M |
| Jan 24, 1992 | Crossland Savings Bank, FSB | $7.43B |
| Jan 24, 1992 | Banco Nacional, N.A. | $52.1M |
| Jan 24, 1992 | Advanced FSB | $23.1M |
| Jan 24, 1992 | American National Bank of New York | $18.0M |
| Jan 23, 1992 | First State Bank | $16.5M |
| Jan 16, 1992 | The Bank of Verde Valley | $10.3M |
| Jan 10, 1992 | Perpetual Savings Bank | $2.89B |
| Jan 10, 1992 | Hansen FSA | $572.4M |
| Jan 10, 1992 | The Citizens Bank | $60.6M |
| Jan 10, 1992 | Hansen FSB | $51.8M |
| Jan 3, 1992 | Assured Thrift and Loan Association | $48.2M |
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 | Acquirer |
|---|---|---|
| Jul 23, 1992 | Paradise Finance, Incorporated | Finance Factors, Limited |
| Jul 20, 1992 | Peoples Federal Savings Bank of Thomasville | Truist Bank |
| Jul 18, 1992 | TN Pride Empl Cu | Old Hickory Credit Union |
| Jul 18, 1992 | (unnamed) | Boatmen's Bank of Southern Missouri |
| Jul 18, 1992 | Boatmen's National Bank of Cassville | Boatmen's Bank of Southern Missouri |
| Jul 18, 1992 | First Chicago Bank of Ravenswood | Bank One, National Association |
| Jul 17, 1992 | Cornat, Incorporated | Whitaker Bank Corporation of Kentucky |
| Jul 17, 1992 | Stockham Fcu | Secure First Credit Union |
| Jul 17, 1992 | American Bank of Franklin County | Mercantile Bank of Central Missouri |
| Jul 17, 1992 | First of America Bank - Plymouth, National Association | First of America Bank-Ann Arbor |
| Jul 16, 1992 | Piedmont State Bank | Bankers Trust of North Carolina |
| Jul 16, 1992 | Bank of Oklahoma, National Association, South | BOKF, N.A. |
| Jul 15, 1992 | PHP Credit Association Credit Union | Atlantic Coast Bank |
| Jul 13, 1992 | First FS&LA of Gi | First American Federal Savings and Loan Association |
| Jul 13, 1992 | AmeriTrust Company National Association | KeyBank N.A. |
| Jul 11, 1992 | First Trust Company of York | Cornerstone Bank |
| Jul 11, 1992 | Northern Federal Savings Bank | Deerfield Federal Savings and Loan Association |
| Jul 10, 1992 | Affiliated National Bank - Craig | Bank One, Western Colorado, National Association |
| Jul 10, 1992 | Affiliated National Bank - Delta | Bank One, Western Colorado, National Association |
| Jul 10, 1992 | Affiliated National Bank - Center | Bank One, Western Colorado, National Association |
| Jul 10, 1992 | Affiliated National Bank - Fort Collins | Bank One, Fort Collins/Loveland, National Association |
| Jul 10, 1992 | Affiliated National Bank - Montrose | Bank One, Western Colorado, National Association |
| Jul 10, 1992 | Affiliated National Bank - Fruita | Bank One, Western Colorado, National Association |
| Jul 2, 1992 | Colonial Bank and Trust Co. of Bureau County | Citizens First National Bank |
| Jul 2, 1992 | Gao Employees Federal Credit Union | United States Senate Federal Credit Union |
| Jul 1, 1992 | First Gibraltar Bank, a Federal Savings Bank San Antonio | California Federal Bank |
| Jul 1, 1992 | Rock Tenn County Employees Credit Union | Associated Credit Union |
| Jul 1, 1992 | Illinois Valley Bancshares, Inc. | Princeton National Bancorp, Inc. |
| Jul 1, 1992 | Southeastern Bancshares, Inc. | Southeastern Bancshares, Inc. |
| Jul 1, 1992 | Arkansas Union Bankshares, Inc. | Union Bancshares of Benton, Inc. |
| Jul 1, 1992 | First Petersburg Bancshares, Inc. | First of America Bank Corporation |
| Jul 1, 1992 | First Hanover Bancorp, Inc. | Prairie Acquisition Corporation |
| Jul 1, 1992 | Summcorp | NBD Indiana, Inc. |
| Jul 1, 1992 | Quad County Bancshares, Inc. | Missouri Quad Bancshares, Inc. |
| Jul 1, 1992 | Aquinas College Credit Union | Lake Michigan Credit Union |
| Jul 1, 1992 | Decatur Saint Marys Credit Union | Citizens Equity First Credit Union |
| Jul 1, 1992 | American Bancorp of Ponca City, Inc. | HNB Corporation |
| Jul 1, 1992 | WNCC Methodist Credit Union | Summit Credit Union |
| Jul 1, 1992 | Muskegon Piston Ring Employees Credit Union | Port City Federal Credit Union |
| Jul 1, 1992 | Five Thirty Nine Federal Credit Union | West Denver Community Credit Union |
| Jul 1, 1992 | Endicott Trust Company | Manufacturers and Traders Trust Company |
| Jul 1, 1992 | Fidelity Mutual Savings & Loan Association | First Home Savings Bank, FSB |
| Jul 1, 1992 | Central Trust Company | Manufacturers and Traders Trust Company |
| Jul 1, 1992 | Grand Federal Credit Union | Kemba Roanoke Federal Credit Union |
| Jul 1, 1992 | Guilford County Employees Credit Union | Summit Credit Union |
| Jul 1, 1992 | Duckworth Employees Federal Credit Union | Agawam Federal Credit Union |
| Jul 1, 1992 | The First National Bank of Petersburg | First of America Bank - Springfield, National Association |
| Jul 1, 1992 | Associates National Bank | Associates National Bank (Delaware) |
| Jul 1, 1992 | Bankers First Savings Bank, F.S.B. | Bankers First Savings Bank, FSB |
| Jul 1, 1992 | Fairview Federal Savings and Loan Association | The Columbia Bank |
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 | Assets |
|---|---|---|
| Dec 10, 1992 | Citizens State Bank | $12.9M |
| Oct 16, 1992 | Freedom Bank | $20.9M |
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