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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
Oct 1, 1992 Bank of Mill Creek WV Mountain Valley Bank, N.A.
Oct 1, 1992 Gte Arkansas Employees Credit Union AR Qualtrust Credit Union
Oct 1, 1992 Butler Area Credit Union PA Usx Federal Credit Union
Oct 1, 1992 M&I Tri-County Bank WI M&I Central Bank & Trust
Oct 1, 1992 Contoocock Valley Federal Credit Union NH Granite State Credit Union
Oct 1, 1992 Papermakers Credit Union MI Kalsee Credit Union
Oct 1, 1992 RT & E Federal Credit Union TX Texas Plains Federal Credit Union
Oct 1, 1992 Conna Employees Credit Union KY L&N Federal Credit Union
Oct 1, 1992 Tcta Federal Credit Union MD Educational Systems Federal Credit Union
Oct 1, 1992 M B F Employees Credit Union IA Greenstate Credit Union
Oct 1, 1992 Holy Cross Federal Credit Union KY Northern Kentucky Federal Credit Union
Oct 1, 1992 Saint Francis Desales Akron Federal Credit Union OH B F G Federal Credit Union
Oct 1, 1992 Fleet Bank of New York, National Association NY Fleet Bank
Oct 1, 1992 Independent Credit Association Federal Credit Union SC CPM Federal Credit Union
Oct 1, 1992 Ameritrust Southeast National Association FL Key Trust Company of Florida, N.A.
Oct 1, 1992 First Federal Savings and Loan Association of Platteville WI Clare Bank, N.A.
Oct 1, 1992 Interbanc FL Intercontinental Bank, National Association
Oct 1, 1992 Associated Greyhound Employees Federal Credit Union VA Peoples Advantage Federal Credit Union
Oct 1, 1992 Santa Fe Wichita Credit Union KS Wheat State Credit Union
Oct 1, 1992 Anderson Industries Federal Credit Union TX OmniAmerican Bank
Oct 1, 1992 Durfee Attleboro Bank MA South Shore Bank
Oct 1, 1992 Livingston Federal Credit Union CA California Bear Credit Union
Oct 1, 1992 The Falmouth National Bank MA South Shore Bank
Oct 1, 1992 Westinghouse Blairsville Federal Credit Union PA Kennametal Employees Federal Credit Union
Oct 1, 1992 SMW Federal Credit Union DE Delaware First Federal Credit Union
Oct 1, 1992 Wheatbelt Credit Union KS Golden Plains Credit Union
Oct 1, 1992 Inter-County Savings Bank NY Mid-Hudson Savings Bank FSB
Oct 1, 1992 Charlottesville City Employees Federal Credit Union VA University of Virginia Community Credit Union, Inc.
Oct 1, 1992 Lennox Federal Credit Union TX Lennox Employees Credit Union
Oct 1, 1992 B V D Fcu LA Formation Federal Credit Union
Oct 1, 1992 Security Bank of Commerce MI First of America Bank-Southeast Michigan, National Association
Oct 1, 1992 (unnamed) — North Fork Bank
Sep 30, 1992 Security Financial Banking & Savings Federal Savings Bank MN First Bank, Federal Savings Bank
Sep 30, 1992 First National Bank of Gun Barrel City TX The First National Bank of Athens
Sep 30, 1992 WCMH Federal Credit Union PA Valor Federal Credit Union
Sep 30, 1992 North Texas Central Credit Union TX First Class American Credit Union
Sep 30, 1992 Cottage Savings Association, F.A. OH First Financial Savings Association, F.A.
Sep 30, 1992 First Apache Bancshares, Inc. OK First Bank of Apache
Sep 28, 1992 Ameritrust Development Bank OH KeyBank N.A.
Sep 26, 1992 The Provident Institution for Savings in the Town of Boston MA Fleet National Bank of Massachusetts
Sep 26, 1992 Hub National Bank NJ Hudson United Bank
Sep 26, 1992 Southern Bancshares, Inc. AR Security Bancshares, Inc.
Sep 25, 1992 Landmark Savings Association PA National City Bank of Pennsylvania
Sep 25, 1992 Summit Hill Trust Company PA The Citizens National Bank
Sep 22, 1992 Grasselli New Jersey Employee Federal Credit Union NJ Mid-State Federal Credit Union
Sep 21, 1992 The First National Bank of Deport TX Guaranty Bank & Trust, N.A.
Sep 21, 1992 (unnamed) — Wauneta Falls Bank, National Association
Sep 19, 1992 Standard Bank and Trust Company of Hickory Hills IL Standard Bank and Trust Company
Sep 19, 1992 First Peoples Bank of New Jersey NJ New Jersey National Bank
Sep 19, 1992 Lawrence National Bank and Trust Co. KS (unnamed)

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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