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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
Feb 28, 1992 Irvington FSB Glen Burnie, MD $43.8M Arundel FSB
Feb 28, 1992 Colony Savings Bank Wallingford, CT $35.7M New Haven Savings Bank
Feb 28, 1992 Alpha Indian Rock FS & La Philadelphia, PA $7.2M Roxborough-Manayunk
Feb 27, 1992 Columbia Bank Avondale, AZ $17.0M Valley NB of Arizona
Feb 21, 1992 Dollar DRY Dock Bank White Plains, NY $4.03B Emigrant Savings Bank
Feb 21, 1992 The Bank of Brandywine Valley West Chester, PA $44.9M Wilmington Trust Co
Feb 21, 1992 National City Bank Coral Springs, FL $19.0M Intercontinental Bank
Feb 14, 1992 The Central Savings Bank Lowell, MA $369.1M Massbank for Savings
Feb 7, 1992 United Savings of America, F.A. Melbourne, FL $327.2M Barnett Bank of Central FL
Feb 7, 1992 Merchants National Bank Fort Myers, FL $35.1M Founders National Trust
Feb 7, 1992 Kempton State Bank Kempton, IL $3.6M Vermilion Valley Bank
Feb 6, 1992 Landmark Bank of Forth Worth Fort Worth, TX $80.5M Central Bank&trust
Jan 31, 1992 Pelican Homestead Sa Metairie, LA $1.28B First Commerce Corp.
Jan 31, 1992 Security FSA Panama City, FL $107.1M Branch sale
Jan 31, 1992 Sentinel Bank Hartford, CT $74.8M Society for Savings
Jan 31, 1992 Fountain Bank Scottsdale, AZ $15.6M Bank of Arizona
Jan 30, 1992 Independence Bank Los Angeles, CA $535.8M —
Jan 30, 1992 Atlantic Trust Company Newington, NH $21.2M Fleet Bank-NH
Jan 24, 1992 Crossland Savings Bank, FSB Brooklyn, NY $7.43B Public stock sale
Jan 24, 1992 Banco Nacional, N.A. San Juan, PR $52.1M Eurobank&trust Co
Jan 24, 1992 Advanced FSB Northridge, CA $23.1M Deposit payout
Jan 24, 1992 American National Bank of New York Fleischmanns, NY $18.0M —
Jan 23, 1992 First State Bank Bangs, TX $16.5M Texas Bank
Jan 16, 1992 The Bank of Verde Valley Cottonwood, AZ $10.3M Stockmens Bank
Jan 10, 1992 Perpetual Savings Bank Vienna, VA $2.89B Crestar Bank
Jan 10, 1992 Hansen FSA Hammonton, NJ $572.4M Collective FSB
Jan 10, 1992 The Citizens Bank Dallas, GA $60.6M First NB of Paulding Cou
Jan 10, 1992 Hansen FSB Palm Beach Garden, FL $51.8M Fidelity FSB of FL
Jan 3, 1992 Assured Thrift and Loan Association Stockton, CA $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 St Acquirer
Dec 11, 1992 Prince George's National Bank MD F&M Bank - Maryland, Inc.
Dec 11, 1992 The First National Bank of Birmingham, Alabama AL AmSouth Bank
Dec 11, 1992 Southern Bancorp, Inc. OK Fourth Financial Corporation
Dec 10, 1992 Community Action Organization of Erie County Federal Credit Union NY St. John United Federal Credit Union
Dec 10, 1992 McCook Bancshares, Inc. SD First Dakota Financial Corporation
Dec 9, 1992 Dela 8559 Federal Credit Union NJ Proponent Federal Credit Union
Dec 8, 1992 H C Progressivefederal Credit Union TX East Texas Professional Credit Union
Dec 8, 1992 Sunoco Credit Union TX US Employees Credit Union
Dec 8, 1992 First Florida Banks, Incorporated FL Barnett Merger Corporation
Dec 8, 1992 7L Corporation FL Barnett Merger Corporation
Dec 7, 1992 Liberty Bank of Maryland MD American Trust Bank
Dec 7, 1992 Security Bank of South Dakota, National Association SD First National Bank
Dec 7, 1992 (unnamed) — Firstar Bank Fond Du Lac, National Association
Dec 7, 1992 The Henry County Bank IL Pinnacle Bank of the Quad Cities
Dec 5, 1992 Colony Bank FL SouthTrust Bank of Florida, National Association
Dec 5, 1992 The People's National Bank of Lebanon PA Meridian Bank
Dec 5, 1992 Peoples Bancorp, Inc. PA Meridian Bancorp, Inc.
Dec 5, 1992 Republic Bank & Trust Co. NC Central Carolina Bank and Trust Company
Dec 5, 1992 Dakota Bank and Trust Company of Fargo ND First Bank of North Dakota, N.A.
Dec 4, 1992 (unnamed) — SunTrust Bank, Northwest, Florida
Dec 2, 1992 The First National Bank of Rockport TX Norwest Bank Texas, South Central
Dec 1, 1992 First Interstate Bank of West Billings MT First Interstate Bank
Dec 1, 1992 NBD Bank Woodridge IL NBD Bank
Dec 1, 1992 Heritage Group, Inc. (The) IL NBD Illinois, Inc.
Dec 1, 1992 Electrical Workers #340 Credit Union CA Heritage Community Credit Union
Dec 1, 1992 Colonial Federal Credit Union PA Freedom United Federal Credit Union
Dec 1, 1992 NBD Park Ridge Bank IL NBD Bank
Dec 1, 1992 Amcore Bank National Association, Pekin IL Commerce Bank, National Association
Dec 1, 1992 First Interstate Bank of Missoula, National Association MT First Interstate Bank
Dec 1, 1992 NBD Bank Lemont IL NBD Bank
Dec 1, 1992 First Financial Credit Union of Florida FL First Commerce Credit Union
Dec 1, 1992 NBD Woodfield Bank IL NBD Bank
Dec 1, 1992 First Interstate Bank of Hardin MT First Interstate Bank
Dec 1, 1992 NBD Chicago Bank IL NBD Bank
Dec 1, 1992 Muskego-Norway School Employees Credit Union WI Educators Credit Union
Dec 1, 1992 First State Bank of Alsip IL Great Lakes Bank, National Association
Dec 1, 1992 Eci Empl Fcu FL Grow Financial Federal Credit Union
Dec 1, 1992 First Interstate Bank of South Missoula, National Association MT First Interstate Bank
Dec 1, 1992 Team Bancshares II, Inc. DE Banc One Texas Corporation
Dec 1, 1992 Executive Park National Bank TN Citizens Bank
Dec 1, 1992 Webster Bank and Trust Company LA Minden Bank & Trust Company
Dec 1, 1992 Countryside Bank of Stratford IL NBD Bank
Dec 1, 1992 First Hysham Holding Company MT Stockman Holding Company
Dec 1, 1992 First Interstate Bank of Miles City MT First Interstate Bank
Dec 1, 1992 NBD Highland Park Bank, National Association IL NBD Bank
Dec 1, 1992 Bank of Chicago-Little Village/Banco de Chicago-La Villita IL Bank of Chicago, S.B.
Dec 1, 1992 NBD Elk Grove Bank IL NBD Bank
Dec 1, 1992 I.U.P.I.W. Credit Union CA Star Harbor Federal Credit Union
Dec 1, 1992 The Brookside Savings Bank, F.S.B. MO Roosevelt Bank
Dec 1, 1992 Team Bancshares, Inc. TX Banc One Texas Corporation

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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