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
Dec 18, 1992	The Rushville National Bank	Rushville, IN	$41.6M	Peoples Trust Co
Dec 18, 1992	The Bremen State Bank	Bremen, KS	$2.7M	—
Dec 11, 1992	Meritor Savings Bank	Philadelphia, PA	$4.13B	Mellon Bank National Ass
Dec 11, 1992	Eastland Savings Bank	Woonsocket, RI	$515.3M	Fleet National Bank
Dec 11, 1992	Eastland Bank	Woonsocket, RI	$85.4M	Fleet National Bank
Dec 11, 1992	Sailors & Merchants B&T Co.	Vienna, VA	$34.8M	First Union Bank of Virg
Dec 8, 1992	Palm Beach FSA	Palm Beach Garden, FL	$59.4M	Southbank, a FSB
Dec 4, 1992	Carteret FSB	Madison, NJ	$4.83B	Branch sale
Dec 4, 1992	Second National, FSB	Salisbury, MD	$1.57B	Branch sale
Dec 4, 1992	Heritage Bank for Savings	Holyoke, MA	$1.29B	Fleet Bank of Ma N.A.
Dec 4, 1992	Security Federal	Vineland, NJ	$1.19B	Meridian Bank, NJ
Dec 4, 1992	Burritt Interfinancial Bancorporation	New Britain, CT	$523.9M	Derby Savings Bank
Dec 4, 1992	Huntington Pacific Thrift & Loan	Huntington, CA	$40.5M	—
Nov 20, 1992	The Merchants Bank	Kansas City, MO	$1.45B	Boatmen's First NB of KC
Nov 20, 1992	Polifly FS & La	New Milford, NJ	$458.0M	Branch sale
Nov 20, 1992	Irving FB for Savings	Chicago, IL	$247.0M	Branch sale
Nov 20, 1992	Crestline FS & La	Crestline, OH	$27.5M	Premier B&T
Nov 13, 1992	First New York Bank for Business	New York, NY	$530.7M	Merchants Bank of New Yo
Nov 13, 1992	Metro North State Bank	Kansas City, MO	$472.5M	Boatmen's First NB of KC
Nov 13, 1992	Guaranty-First Trust Company	Waltham, MA	$353.2M	Fleet Bank of Ma N.A.
Nov 13, 1992	The Overland Park FS & La	Overland Park, KS	$213.4M	Conservative SB, FSB
Nov 13, 1992	Investors Bank and Trust Company	Gretna, LA	$51.6M	Delta Bank&trust Co
Nov 13, 1992	Statewide Thrift and Loan Co.	Redwood City, CA	$9.6M	Fireside Thrift Co
Nov 6, 1992	First FSB of Georgia, F.A.	Winder, GA	$108.2M	Branch sale
Nov 6, 1992	Greenwood Bank of Bethel, Inc.	Bethel, CT	$33.3M	Union SB of Danbury
Oct 30, 1992	First City, Texas - Houston, N.A.	Houston, TX	$2.80B	Texas Commerce Bancshares
Oct 30, 1992	First City, Texas - Dallas, N.A.	Dallas, TX	$1.36B	Texas Commerce Bancshares
Oct 30, 1992	Homestead FSA	San Francisco, CA	$1.31B	Branch sale
Oct 30, 1992	First City, Texas - Beaumont, N.A.	Beaumont, TX	$532.2M	Texas Commerce Bancshares
Oct 30, 1992	First City, Texas - Corpus Chris	Corpus Christi, TX	$462.8M	Mercantile Bank, N.A.
Oct 30, 1992	First City, Texas - El Paso, N.A.	El Paso, TX	$395.9M	Sunwest Bank of El Paso
Oct 30, 1992	First City, Texas - Austin, N.A.	Austin, TX	$345.5M	The Frost National Bank
Oct 30, 1992	First City, Texas - Bryan, N.A.	Bryan, TX	$340.2M	Victoria Bank and Trust
Oct 30, 1992	First City, Texas - Midland, N.A.	Midland, TX	$313.1M	Texas Commerce Bancshares
Oct 30, 1992	First City, Texas - San Antonio	San Antonio, TX	$265.7M	The Frost National Bank
Oct 30, 1992	First City, Texas - Tyler, N.A.	Tyler, TX	$259.2M	First Commercial Corporatio
Oct 30, 1992	First City, Texas - Lufkin, N.A.	Lufkin, TX	$156.6M	First Commercial Corporatio
Oct 30, 1992	First City, Texas - San Angelo,	San Angelo, TX	$142.8M	First National Bank of West
Oct 30, 1992	First City, Texas - Orange, N.A.	Orange, TX	$132.0M	First Heights Bank, FSB
Oct 30, 1992	First City, Texas - Alice, N.A.	Alice, TX	$128.0M	Alice Bank of Texas
Oct 30, 1992	First City, Texas - Madisonville	Madisonville, TX	$123.4M	Madisonville State Bank
Oct 30, 1992	First City, Texas - Lake Jackson	Lake Jackson, TX	$104.3M	First Heights Bank, FSB
Oct 30, 1992	First City, Texas - Graham, N.A.	Graham, TX	$95.4M	First National Bank of Olne
Oct 30, 1992	First City, Texas - Sour Lake	Sour Lake, TX	$53.5M	Citizens Bank
Oct 30, 1992	First City, Texas - Aransas Pass	Aransas Pass, TX	$51.7M	Corpus Christi National Ban
Oct 30, 1992	First City, Texas - Kountze, N.A.	Kountze, TX	$51.3M	Citizens Bank
Oct 21, 1992	Standard FSB	Gaithersburg, MD	$1.72B	Branch sale
Oct 16, 1992	Security FS & La	Jackson, MS	$276.5M	Branch sale
Oct 16, 1992	Universal Bank	Lanham, MD	$18.0M	—
Oct 9, 1992	Peidmont FSA	Manassas, VA	$444.6M	Crestar Bank

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
Nov 10, 1992	First Granite City Savings and Loan Association	IL	Roosevelt Bank
Nov 10, 1992	Conservative Bank, a Federal Savings Bank	MO	Roosevelt Bank
Nov 10, 1992	American Bank of Platte County	MO	(unnamed)
Nov 3, 1992	Lake Savings and Loan Association	CA	Allied Bank, F.S.B.
Nov 3, 1992	Suffern Postal Employees Federal Credit Union	NY	Heritage Financial Federal Credit Union
Nov 2, 1992	Citicorp Savings and Industrial Bank	CO	The Minnequa Bank of Pueblo
Nov 2, 1992	Affiliated Bankshares of Colorado, Inc.	CO	Banc One Colorado Corporation
Nov 2, 1992	1st Bank of Catoosa	OK	Boatmen's First National Bank of Oklahoma
Nov 2, 1992	Potomac Community Federal Credit Union	MD	Lafayette Federal Credit Union
Nov 2, 1992	Security Bank	OK	Boatmen's First National Bank of Oklahoma
Nov 2, 1992	Choctaw State Bank	OK	Bank One, Oklahoma, National Association
Nov 1, 1992	Easton Postal Empl Fcu	PA	First Class Federal Credit Union
Nov 1, 1992	First Security Bank of Livingston	MT	American Bank
Nov 1, 1992	First Security Bank of Big Timber	MT	American Bank
Nov 1, 1992	De Kalb Community Federal Credit Union	IL	Illinois Community Credit Union
Nov 1, 1992	W a Whitney Employees Credit Union	IL	Membersalliance Credit Union
Nov 1, 1992	South Suburban College Federal Credit Union	IL	Tech Credit Union
Nov 1, 1992	GB Credit Union	MO	Apex Financial Credit Union
Nov 1, 1992	Illinois Media Association Credit Union	IL	Land of Lincoln Credit Union
Nov 1, 1992	Pettaquamscutt Credit Union	RI	Chartway Federal Credit Union
Nov 1, 1992	Triangle Credit Union	WI	Enterprise Credit Union
Nov 1, 1992	All Saints Bridgeport Credit Union	IL	Access Credit Union
Nov 1, 1992	InterWest Bank of Montana	MT	American Bank
Oct 31, 1992	The First National Bank of Konawa	OK	Sooner State Bank
Oct 31, 1992	First Citizens Bancorp of Cherokee County, Inc.	GA	First National Bancorp
Oct 31, 1992	Mission Hills Bank, National Association	KS	Bank IV, National Association
Oct 31, 1992	Citizens Loan and Building Company	OH	American Community Bank, National Association
Oct 31, 1992	Pueblo Boulevard Bank	CO	Colorado National Bank - Pueblo
Oct 31, 1992	Torrington National Company	WY	First Nebraska Bancs, Inc.
Oct 31, 1992	O'Connor Bros. State Bank of Renville	MN	American State Bank of Olivia
Oct 30, 1992	The Farmers and Merchants National Bank of Merkel	TX	Security State Bank
Oct 30, 1992	Integon Employees Credit Union	NC	Truliant Federal Credit Union
Oct 30, 1992	Trailer Credit Union and Associates	MI	Credit Union One
Oct 30, 1992	Crown National Leasing Company	NC	Crown National Bancorporation, Inc.
Oct 30, 1992	PSC Fcu	PA	Ingersoll-Rand Federal Credit Union
Oct 29, 1992	International Payment Systems Inc.	CA	Busa Servicing, LLC
Oct 29, 1992	DPC of Oshkosh, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Portage, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Manitowoc, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Green Bay, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Racine, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Madison, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Appleton, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Eau Claire, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	City National Bank of Carrollton	TX	Compass Bank-Dallas
Oct 29, 1992	DPC of Rice Lake, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Fond Du Lac, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Minocqua, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Sheboygan, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Grantsburg, Inc.	WI	Firstar Investment Research & Management Company

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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