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
Aug 8, 1992	First Federal Savings and Loan Association of Lenawee County	MI	Standard Federal Bank
Aug 8, 1992	The Laguna Bank, National Association	CA	Orange National Bank
Aug 7, 1992	Geneva Capital Corporation	WI	Firstar Corporation of Wisconsin
Aug 7, 1992	Peoples State Bank of Frazee	MN	First Integrity Bank, N.A.
Aug 7, 1992	Frazee Bancorporation, Inc.	MN	First Integrity Bancorporation
Aug 6, 1992	Jackson Township Credit Union	NJ	First Financial Federal Credit Union
Aug 5, 1992	Singer & Associates, Inc.	IL	Bankcentral Corporation
Aug 3, 1992	Main Line Bancshares, Inc.	PA	Keystone Financial, Inc.
Aug 3, 1992	Security Bank of Bollinger County	MO	Security Bank and Trust Company
Aug 1, 1992	Olympic Savings Bank	WA	KeyBank National Association
Aug 1, 1992	Wells Fargo Capital Market, Inc.	CA	Wells Fargo & Company
Aug 1, 1992	State Bank of Burchard	NE	FirstBank of Nebraska
Aug 1, 1992	Sterling Bankshares, Inc.	NE	Bank Management, Inc.
Aug 1, 1992	Tony Lama Employees Credit Union	TX	Golden Key Federal Credit Union
Aug 1, 1992	Helena Railway Employees Federal Credit Union	MT	Vocal Credit Union
Aug 1, 1992	Burchard Bankshares, Inc.	NE	Bank Management, Inc.
Aug 1, 1992	Tioga County Empl Fcu	PA	Tioga Area Federal Credit Union
Aug 1, 1992	Cca - Stonmo Fcu	GA	Georgia United Credit Union
Aug 1, 1992	Mahco Credit Union, Inc.	OH	Seven Seventeen Credit Union Inc
Aug 1, 1992	Midway Chemical Employees Federal Credit Union	IL	Archer Heights Credit Union
Aug 1, 1992	The First National Bank of Cushing	TX	The Hamilton National Bank
Aug 1, 1992	Kenton Parish Credit Union, Inc.	OH	Quest Federal Credit Union
Aug 1, 1992	Farmers and Merchants Bank	KS	Bank IV, National Association
Aug 1, 1992	Exlanco, Inc.	MO	First Southeast Missouri Bancorporation, Inc.
Aug 1, 1992	Cleveland Federal Credit Union	MS	Shelby Federal Credit Union
Aug 1, 1992	Stansanco Credit Union	KY	Altra Federal Credit Union
Aug 1, 1992	Honfed, a Federal Savings Bank	HI	Bank of America Federal Savings Bank
Aug 1, 1992	The First National Bank of Bonham	TX	The Hamilton National Bank
Aug 1, 1992	Lyons N Y C Credit Union	IL	Danville Bell Credit Union
Aug 1, 1992	Bank of Sterling	NE	FirstBank of Nebraska
Aug 1, 1992	Rock-Winn Credit Union	IL	Rockford Municipal Employees Credit Union
Aug 1, 1992	Foster County Cooperative Federal Credit Union	ND	Community Credit Union
Aug 1, 1992	Ozarks National Bank	MO	Bank Star One
Jul 31, 1992	Marlborough Municipal Employees Federal Credit Union	MA	Saint Mary's Credit Union
Jul 31, 1992	First Midwest Bancshares, Inc.	KY	South Central Bancshares, Inc.
Jul 31, 1992	Bureau Credit Union	MN	Topline Financial Credit Union
Jul 29, 1992	First Community Bancshares	IL	First Community Bancshares Corp.
Jul 27, 1992	Thrift Savings and Loan Company	OH	The Provident Bank
Jul 27, 1992	Peoples Federal Savings and Loan Association	KY	The Provident Bank of Kentucky
Jul 27, 1992	Merit Savings Association	OH	The Provident Bank
Jul 27, 1992	Suburban Federal Savings and Loan Association	KY	The Provident Bank of Kentucky
Jul 25, 1992	Suburban Employees Federal Credit Union	NJ	Emery Federal Credit Union
Jul 25, 1992	Cheltenham Township Employees Federal Credit Union	PA	American Heritage Federal Credit Union
Jul 24, 1992	First of America Bank-Wabash Valley	IN	First of America Bank-Indiana
Jul 24, 1992	Citizens Bank of Gibson County, National Association	IN	The Citizens National Bank of Evansville
Jul 24, 1992	Citizens Bank of Vincennes	IN	The Citizens National Bank of Evansville
Jul 24, 1992	Win Bancorp Incorporated	IL	FB Corporation
Jul 24, 1992	Citizens Bank of Posey County, National Association	IN	The Citizens National Bank of Evansville
Jul 24, 1992	The First National Bank of Pennsylvania	PA	Marine Bank
Jul 24, 1992	Mammoth Employees Credit Union	KY	Transcend Credit Union

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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