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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
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
Jun 18, 1992 FRB FNB Rochester Corp. Cease and Desist Order: FNB Rochester Corporation, Rochester, NY
Jun 17, 1992 OCC_OTS (individual) Civil Money Penalty: Don Henderson
Jun 17, 1992 FRB Bank of Forest Written Agreement: Bank of Forest, Forest, MS
Jun 17, 1992 FRB Cuyamaca Bank Written Agreement: Cuyamaca Bank, Santee, CA
Jun 17, 1992 OCC Ken-Caryl National Bank Formal Agreement: Ken-Caryl National Bank
Jun 17, 1992 OCC_OTS First Federal Savings Bank Orders of Removal/Prohibition: Mariano J. Mier
Jun 16, 1992 OCC_OTS Doylestown Federal Savings & Loan Association Civil Money Penalty: James III Gemmell
Jun 16, 1992 OCC_OTS Doylestown Federal Savings & Loan Association Civil Money Penalty: Joseph H. Lang
Jun 16, 1992 OCC (individual) Formal Agreement: Lincoln National Bank and Trust Company of Fort Wayne
Jun 16, 1992 OCC Clear Creek Bank Corp. Formal Agreement: Clear Creek National Bank
Jun 16, 1992 OCC_OTS Doylestown Federal Savings & Loan Association Civil Money Penalty: Frank J. McCormick
Jun 16, 1992 OCC_OTS (individual) Civil Money Penalty: Larry C. McNeil
Jun 16, 1992 OCC_OTS Doylestown Federal Savings & Loan Association Civil Money Penalty: Marie V. Welsh
Jun 16, 1992 OCC_OTS Doylestown Federal Savings & Loan Association Civil Money Penalty: William H. III Yerkes
Jun 16, 1992 OCC_OTS Doylestown Federal Savings & Loan Association Civil Money Penalty: William J. Jr. Happ
Jun 16, 1992 FRB Lincoln Financial Corporation Written Agreement: Lincoln Financial Corporation, Fort Wayne, IN
Jun 16, 1992 OCC_OTS Doylestown Federal Savings & Loan Association Civil Money Penalty: Dean Dobbins
Jun 16, 1992 OCC_OTS Doylestown Federal Savings & Loan Association Civil Money Penalty: Catherine B. Redington
Jun 16, 1992 OCC_OTS Doylestown Federal Savings & Loan Association Civil Money Penalty: Barbara K. Dommel
Jun 12, 1992 FRB Union Texas Bancorporation, Inc. Written Agreement: Union Texas Bancorporation, Inc., Laredo, TX
Jun 12, 1992 OCC American National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): American National Bank
Jun 11, 1992 OCC_OTS First Ohio Savings Bank, F.S.B. Civil Money Penalty: Stephen P. Smith
Jun 11, 1992 OCC (individual) Formal Agreement: Signet Bank, N.A.
Jun 10, 1992 OCC_OTS Rochelle Savings and Loan Association Civil Money Penalty: Jerry S. Wilson
Jun 10, 1992 OCC_OTS Rochelle Savings and Loan Association Civil Money Penalty: James K. Conour
Jun 10, 1992 OCC_OTS (individual) Civil Money Penalty: Elmer G. Kraft
Jun 10, 1992 OCC_OTS Rochelle Savings and Loan Association Civil Money Penalty: Edward J. Hickey
Jun 10, 1992 OCC The First National Bank of Arvada Formal Agreement: The First National Bank Of Arvada
Jun 10, 1992 FRB American Bank of Polk County Written Agreement: American Bank & Trust of Polk County, Lake Wales, FL
Jun 10, 1992 OCC_OTS Rochelle Savings and Loan Association Civil Money Penalty: Richard K. Ohlinger
Jun 10, 1992 OCC_OTS Rochelle Savings and Loan Association Civil Money Penalty: Neil E. Holland
Jun 9, 1992 OCC First National Bank of Rochester Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Rochester
Jun 9, 1992 OCC The First National Bank of White Sulphur Springs Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of White Sulphur …
Jun 9, 1992 OCC_OTS Western Federal Savings Bank Cease and Desist: Ileana G Ramirez DE
Jun 9, 1992 OCC_OTS Western Federal Savings Bank Cease and Desist: Garcia-Ramirez-Fredeswinda DE-Frontera
Jun 9, 1992 OCC_OTS Western Federal Savings Bank Cease and Desist: Frank C. Stipes
Jun 9, 1992 OCC_OTS (individual) Civil Money Penalty: Fred L., III Glaize
Jun 9, 1992 OCC_OTS Western Federal Savings Bank Cease and Desist: Miguel A. Mendez-Garcia
Jun 9, 1992 OCC_OTS (individual) Cease and Desist: James L. Bowman
Jun 8, 1992 OCC_OTS American Savings and Loan Association Civil Money Penalty: Harry Amer
Jun 8, 1992 OCC Rock Hill National Bank Civil Money Penalty (CMP): Robards, Frank B.
Jun 8, 1992 FRB First Indo-American Bank Written Agreement: First Indo-American Bank, San Francisco, CA
Jun 5, 1992 OCC American National Bank Civil Money Penalty (CMP): Gaddis, Stephen G.
Jun 5, 1992 OCC_OTS Mitchell Home Savings & Loan Association Cease and Desist: Home Trust Savings and Loan Association
Jun 5, 1992 OCC_OTS Mitchell Home Savings & Loan Association Cease and Desist: Robert E. FishBack
Jun 5, 1992 OCC_OTS Talladega Federal Savings and Loan Association Civil Money Penalty: Cyrus S., Jr. Steed
Jun 5, 1992 OCC_OTS First Savings Bank Civil Money Penalty: Wayne Leiner
Jun 4, 1992 OCC_OTS First Federal Savings Bank Orders of Removal/Prohibition: Fernando Ochoa
Jun 4, 1992 OCC_OTS Great West, a Federal Savings Bank Orders of Removal/Prohibition: Robert Kevin Kelley
Jun 3, 1992 OCC The National Bank of Washington Civil Money Penalty (CMP): Pollard, W. Thelma Elizabeth

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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