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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
Sep 19, 1992 Burbank National Bank CA American Independent Bank, National Association
Sep 19, 1992 Crater Bank OR Western Bank
Sep 19, 1992 Illini Bank-Elkhart IL Illini Bank - North
Sep 18, 1992 Carpenters' Local 210 Federal Credit Union CT Western Connecticut Federal Credit Union
Sep 18, 1992 First American Savings Bank, FSB OH Charter One Bank, National Association
Sep 18, 1992 North Iowa State Bank IA Liberty Bank and Trust
Sep 17, 1992 Newtown Federal Credit Union CT Western Connecticut Federal Credit Union
Sep 16, 1992 Benbrook State Bank TX Heritage National Bank
Sep 15, 1992 Geibank Industrial Bank CO The Minnequa Bank of Pueblo
Sep 14, 1992 Manufacturers Bank, National Association MI Comerica Bank
Sep 12, 1992 Star Bank, South Central Ohio OH Star Bank, National Association, Tri State
Sep 12, 1992 Jersey Shore Savings and Loan Association NJ Santander Bank, N.A.
Sep 12, 1992 Federated Bank, S.S.B. WI Firstar Bank Milwaukee, National Association
Sep 12, 1992 El Paso State Bank TX Norwest Bank El Paso, National Association
Sep 10, 1992 Kansas National Bank and Trust Company KS Bank IV, National Association
Sep 10, 1992 KNB Bancshares, Inc. KS Fourth Financial Corporation
Sep 10, 1992 American Republic Bancorp CA Republic Bank
Sep 9, 1992 After Six Fcu PA Sun East Federal Credit Union
Sep 8, 1992 City Bancorp of Norman, Inc. OK First Fidelity Bancorp, Inc.
Sep 8, 1992 City National Bank & Trust Company OK First Fidelity Bank
Sep 5, 1992 Sunrise Bank for Savings, F.S.B. KY PNC Bank, Northern Kentucky, National Association
Sep 5, 1992 NCNB Bancorporation, Inc. FL C&S/Sovran Corporation
Sep 5, 1992 Usbancorp, Inc. FL C&S/Sovran Corporation
Sep 5, 1992 First Lima National Bank of Lima, Ohio OH (unnamed)
Sep 4, 1992 Coca-Cola Employees Credit Union UT Mountain America Federal Credit Union
Sep 4, 1992 Security Pacific Bank Washington, N.A. WA Bank of America NW, National Association
Sep 4, 1992 First Peoples Financial Corporation NJ Corestates Financial Corp
Sep 4, 1992 (unnamed) — NationsBank of Florida, National Association
Sep 4, 1992 Nationsbank Trust Company Florida, N.A. FL NationsBank of Florida, National Association
Sep 2, 1992 Southtrust of Northwest Florida, Inc. FL Southtrust of Florida, Incorporated
Sep 2, 1992 Petrolite Employees Credit Union MO Arsenal Credit Union
Sep 1, 1992 Vectra Bank of Lakewood CO Vectra Bank
Sep 1, 1992 First Gibraltar Bank, a Federal Savings Bank Plano TX California Federal Bank
Sep 1, 1992 Jefferson Bancorp, Inc. IL Banc One Illinois Corporation
Sep 1, 1992 Savannah Electric and Power Employees Credit Union GA Powerco Federal Credit Union
Sep 1, 1992 Bancard Corporation of Montana MT Bank of Montana, National Association
Sep 1, 1992 Ameriwest Bancor, Inc. AZ Bank of Scottsdale
Sep 1, 1992 Bank of Montana Anaconda MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Village MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Big Sandy MT Bank of Montana, National Association
Sep 1, 1992 Southeastern Indiana Federal Credit Union IN Cinco Family Financial Center Credit Union
Sep 1, 1992 Vectra Bank of Denver CO Vectra Bank
Sep 1, 1992 Saint Joseph Mantua Federal Credit Union OH Saints Margaret & Gregory Federal Credit Union
Sep 1, 1992 Nescor Federal Credit Union OH S T O F F E Federal Credit Union
Sep 1, 1992 Heartland Ca Federal Credit Union CA Arrowhead Federal Credit Union
Sep 1, 1992 Bank of Montana Eastside MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Havre MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Conrad MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Rudyard MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Chester MT Bank of Montana, National Association

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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