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
Oct 2, 1992	The Howard Savings Bank	Newark, NJ	$3.46B	First Fidelity Bank Na N
Oct 2, 1992	First Constitution Bank	New Haven, CT	$1.57B	First Federal Bank a FSB
Oct 2, 1992	Eastwest Bank, N.A.	Kihei, HI	$3.8M	First Hawaiian Bank
Sep 25, 1992	Hometown Bank	Edison, NJ	$25.2M	Somerset Trust Co
Sep 25, 1992	Highlands Community Bank, N.A.	Clinton Township, NJ	$19.7M	Somerset Trust Co
Sep 24, 1992	First Exchange Bank of Little Rock	Little Rock, AR	$24.7M	First Commercial Bank N.A.
Sep 18, 1992	Plymouth Five Cents Savings Bank	Plymouth, MA	$221.0M	Citizens Bank of MA
Sep 18, 1992	The Washington Bank	Fairfax County, VA	$28.1M	George Mason Bank
Sep 10, 1992	The First National Bank of Yorktown	Yorktown, TX	$34.4M	Citizens Bank
Aug 28, 1992	The Union Savings Bank	Patchogue, NY	$491.1M	Home Federal Savings Ban
Aug 28, 1992	Seacoast Savings Bank	Dover, NH	$84.8M	First S&LA of New Hampsh
Aug 28, 1992	Potomac FSB	Silver Spring, MD	$72.3M	Maryland FS&LA
Aug 21, 1992	Attleboro Pawtucket SB	Pawtucket, MA	$632.5M	New Bedford Inst for SVG
Aug 21, 1992	Birmingham FSB	Birmingham, AL	$91.8M	First Commercial Bank
Aug 14, 1992	Winchendon Savings Bank	Winchendon, MA	$65.2M	Athol Savings Bank
Aug 7, 1992	Citadel FS & La	Charleston, SC	$39.0M	Carolina First Bank
Aug 7, 1992	Foxworth Bank	Foxworth, MS	$36.5M	Trustmark National Bank
Jul 31, 1992	Massachusetts Bank & Trust Co.	Brockton, MA	$61.8M	Haymarket Coop Bank
Jul 24, 1992	First Russell County	Phenix City, AL	$87.0M	Branch sale
Jul 23, 1992	First National Bank of Texas	Webster, TX	$92.1M	First Prosperity Bank
Jul 17, 1992	New England FSA	Wellesley, MA	$137.3M	Cambridgeport Bank
Jul 17, 1992	Liberty FSB	Warrenton, VA	$92.0M	Jefferson NB
Jul 17, 1992	State Bank of Springfield	Springfield, MN	$30.3M	Southwest State Bank
Jul 10, 1992	Transohio, FSB	Cleveland, OH	$3.37B	Branch sale
Jul 10, 1992	Home FSB	Norfolk, VA	$224.2M	Home SB, FSB
Jul 10, 1992	Southern FSA of Georgia	Atlanta, GA	$160.0M	Branch sale
Jul 6, 1992	Homefed Bank, F.A.	San Diego, CA	$12.18B	Branch sale
Jun 26, 1992	Jacksonville FSA	Jacksonville, FL	$150.9M	First Union NB of FL
Jun 26, 1992	Olympic International Bank & Trust	Boston, MA	$140.3M	Haymarket Coop Bank
Jun 26, 1992	The Somersworth Bank	Somersworth, NH	$114.1M	New Dartmouth Bank
Jun 26, 1992	Vernon Bank	Vernon, CT	$34.3M	Bank of South Windsor
Jun 25, 1992	American National Bank - Post Oak	Houston, TX	$24.7M	First Prosperity Bank
Jun 25, 1992	Castle Hills National Bank	San Antonio, TX	$13.8M	International BK of Com
Jun 19, 1992	Coastal FSB	New London, CT	$238.2M	Branch sale
Jun 19, 1992	First Home FSA	Pittsburgh, PA	$131.7M	First Home FSB, FSB
Jun 19, 1992	First Newport FSB	Newport Beach, CA	$35.0M	Sterling B&T, FSB
Jun 12, 1992	American Savings Bank	White Plains, NY	$3.20B	First Fidelity Bank Na N
Jun 12, 1992	Columbia Banking Fed.	Rochester, NY	$1.28B	Branch sale
Jun 12, 1992	Riverhead Savings Bank	Riverhead, NY	$388.8M	Bank of New York
Jun 12, 1992	San Clemente FSB	San Clemente, CA	$220.4M	Household Bank, FSB
Jun 12, 1992	Cherokee Valley FSA	Cleveland, TN	$142.5M	Branch sale
Jun 12, 1992	Landmark Bank for Savings	Whitman, MA	$62.1M	Abington Savings Bank
Jun 12, 1992	American Interstate Bank	Newport Beach, CA	$42.0M	Marine National Bank
Jun 5, 1992	First American FSB	Greensboro, NC	$804.3M	Centura Bank
Jun 5, 1992	Republic FSB	Matteson, IL	$290.3M	Regency SB, FSB
Jun 5, 1992	Cooper River, FSA	North Charleston, SC	$228.9M	First Citizens B&TC of SC
Jun 5, 1992	Volunteer FSA	Little Ferry, NJ	$51.2M	Interchange State Bank
Jun 4, 1992	Home Unity Federal	Lafayette Hill, PA	$684.8M	Branch sale
Jun 4, 1992	Mayfair Bank	Chicago, IL	$32.2M	Foster Bank
Jun 4, 1992	The Home State Bank	Longton, KS	$4.2M	—

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
Jun 3, 1992	OCC	Sunrise Banks, N.A.	Formal Agreement: Meridian National Bank
Jun 2, 1992	OCC_OTS	Nutmeg Federal Savings and Loan Association	Cease and Desist: Nutmeg Federal Savings and Loan Association
Jun 2, 1992	OCC_OTS	(individual)	Orders of Removal/Prohibition: William K. Callahan
Jun 2, 1992	FRB	Greater Chicago Financial Corp.	Civil Money Penalty $5,000: Sam Scott
Jun 2, 1992	FRB	Greater Chicago Financial Corp.	Civil Money Penalty $2,500: Greater Chicago Financial Corporation, Chicago, IL
Jun 1, 1992	OCC_OTS	(individual)	Orders of Removal/Prohibition: William L. Crook
Jun 1, 1992	OCC_OTS	First State Financial Services, Inc.	Cease and Desist: First State Financial Services, Inc.
Jun 1, 1992	OCC_OTS	First Dewitt Savings and Loan Association	Cease and Desist: First Dewitt Savings and Loan Association
Jun 1, 1992	OCC	(individual)	Formal Agreement: Peoples National Bank, Mckinney
Jun 1, 1992	OCC_OTS	(individual)	Supervisory Agreement: Inland Savings and Loan Assocaition
May 29, 1992	OCC_OTS	(individual)	Cease and Desist: Paul A. Ehlert
May 29, 1992	OCC_OTS	Vermont Federal National Bank	Supervisory Agreement: Vermont Federal Bank
May 29, 1992	OCC_OTS	Transohio Federal Savings Bank	Cease and Desist: Transohio Savings Bank
May 28, 1992	OCC_OTS	Ponce De Leon Mortgage Corporation	Supervisory Agreement: Ponce de Leon Federal Savings Bank
May 28, 1992	OCC	City National Bank of Washington	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): City National Bank Of Washington
May 28, 1992	OCC_OTS	American Savings and Loan Association	Cease and Desist: American Savings and Loan Association
May 28, 1992	OCC	Gladewater National Bank	Civil Money Penalty (CMP): Jones, Joe J.
May 28, 1992	OCC	Gladewater National Bank	Civil Money Penalty (CMP): Jones, Joe R.
May 27, 1992	OCC	First National Bank of Stamford	Civil Money Penalty (CMP): Maida, Joseph A.
May 27, 1992	OCC_OTS	Fairbury Federal Savings and Loan Association	Supervisory Agreement: Fairbury Federal Savings and Loan Association
May 27, 1992	OCC_OTS	First Federal Savings and Loan Association of Giles Co	Civil Money Penalty: William M., Jr. Bennett
May 27, 1992	OCC_OTS	First Federal Savings and Loan Association of Giles Co	Civil Money Penalty: Wade R. Mitchell
May 27, 1992	OCC_OTS	First Federal Savings and Loan Association of Giles Co	Civil Money Penalty: Vascar T. Barnett
May 27, 1992	OCC_OTS	First Federal Savings and Loan Association of Giles Co	Civil Money Penalty: Troy B. Whitworth
May 27, 1992	OCC_OTS	First Federal Savings and Loan Association of Giles Co	Civil Money Penalty: Samuel B. Garner
May 27, 1992	OCC_OTS	First Ohio Savings Bank, F.S.B.	Civil Money Penalty: Melvin Kist
May 27, 1992	OCC_OTS	First Ohio Savings Bank, F.S.B.	Civil Money Penalty: Jonathan, M.D. Singer
May 27, 1992	OCC_OTS	First Federal Savings and Loan Association of Giles Co	Civil Money Penalty: Hutton, Jr. Brown
May 27, 1992	OCC_OTS	First Ohio Savings Bank, F.S.B.	Civil Money Penalty: Chester C. Saudbrack
May 27, 1992	OCC_OTS	First Savings of America, a Federal Savings and Loan Association	Cease and Desist: Daniel K. Augustine
May 27, 1992	OCC	First National Bank of Stamford	Civil Money Penalty (CMP): King, Ronald
May 27, 1992	OCC	(individual)	Civil Money Penalty (CMP): Moreno, Rogelio
May 27, 1992	OCC	First National Bank of Stamford	Civil Money Penalty (CMP): Murray, J. Ralph
May 27, 1992	OCC	(individual)	Civil Money Penalty (CMP): Rathjen, Walter C.
May 27, 1992	OCC	The Farmers National Bank of Cynthiana	Formal Agreement: Farmers National Bank Of Cynthiana
May 26, 1992	FRB	First Pacific Bancorp, Inc.	Civil Money Penalty $5,000: Janice France
May 26, 1992	FRB	First Pacific Bancorp, Inc.	Civil Money Penalty $5,000: Richard A. Palmer
May 22, 1992	OCC_OTS	Equity Bank for Savings, F.A.	Orders of Removal/Prohibition: David L. Houston
May 21, 1992	OCC_OTS	First Fidelity Trust Company, New York	Supervisory Agreement: Fidelity New York Federal Savings Bank
May 21, 1992	OCC_OTS	Lincoln Savings and Loan Association, F.A.	Cease and Desist: James S. Fleischer
May 21, 1992	OCC_OTS	Lincoln Savings and Loan Association, F.A.	Cease and Desist: James S. Fleischer
May 21, 1992	OCC_OTS	Dollar Savings Bank	Supervisory Agreement: Dollar Savings Bank, SLA
May 21, 1992	OCC_OTS	American Federal Savings Bank	Supervisory Agreement: American Federal Savings Bank
May 21, 1992	OCC_OTS	Eastern Savings and Loan Association	Orders of Removal/Prohibition: Norberto Gonzales Jr.
May 20, 1992	OCC	The First National Bank in Madison	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank In Madison
May 20, 1992	OCC_OTS	The Mercantile Savings Bank	Supervisory Agreement: Theodore F. Burdstall, Sr.
May 19, 1992	OCC	The National Bank of Washington	Prohibition/Removal Orders: Pollard, Thelma Elizabeth
May 19, 1992	OCC	Texas National Bank	Civil Money Penalty (CMP): Riddle, John C.
May 19, 1992	OCC	(individual)	Civil Money Penalty (CMP): Wright, William M.
May 19, 1992	OCC	The Midway National Bank of St. Paul	Formal Agreement: The Midway National Bank Of St. Paul

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

Browse adjacent years: 1991 · 1993

Or jump to a category: Failures · Mergers · Enforcement · Assistance