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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
Dec 11, 1992 Prince George's National Bank MD F&M Bank - Maryland, Inc.
Dec 11, 1992 The First National Bank of Birmingham, Alabama AL AmSouth Bank
Dec 11, 1992 Southern Bancorp, Inc. OK Fourth Financial Corporation
Dec 10, 1992 Community Action Organization of Erie County Federal Credit Union NY St. John United Federal Credit Union
Dec 10, 1992 McCook Bancshares, Inc. SD First Dakota Financial Corporation
Dec 9, 1992 Dela 8559 Federal Credit Union NJ Proponent Federal Credit Union
Dec 8, 1992 H C Progressivefederal Credit Union TX East Texas Professional Credit Union
Dec 8, 1992 Sunoco Credit Union TX US Employees Credit Union
Dec 8, 1992 First Florida Banks, Incorporated FL Barnett Merger Corporation
Dec 8, 1992 7L Corporation FL Barnett Merger Corporation
Dec 7, 1992 Liberty Bank of Maryland MD American Trust Bank
Dec 7, 1992 Security Bank of South Dakota, National Association SD First National Bank
Dec 7, 1992 (unnamed) — Firstar Bank Fond Du Lac, National Association
Dec 7, 1992 The Henry County Bank IL Pinnacle Bank of the Quad Cities
Dec 5, 1992 Colony Bank FL SouthTrust Bank of Florida, National Association
Dec 5, 1992 The People's National Bank of Lebanon PA Meridian Bank
Dec 5, 1992 Peoples Bancorp, Inc. PA Meridian Bancorp, Inc.
Dec 5, 1992 Republic Bank & Trust Co. NC Central Carolina Bank and Trust Company
Dec 5, 1992 Dakota Bank and Trust Company of Fargo ND First Bank of North Dakota, N.A.
Dec 4, 1992 (unnamed) — SunTrust Bank, Northwest, Florida
Dec 2, 1992 The First National Bank of Rockport TX Norwest Bank Texas, South Central
Dec 1, 1992 First Interstate Bank of West Billings MT First Interstate Bank
Dec 1, 1992 NBD Bank Woodridge IL NBD Bank
Dec 1, 1992 Heritage Group, Inc. (The) IL NBD Illinois, Inc.
Dec 1, 1992 Electrical Workers #340 Credit Union CA Heritage Community Credit Union
Dec 1, 1992 Colonial Federal Credit Union PA Freedom United Federal Credit Union
Dec 1, 1992 NBD Park Ridge Bank IL NBD Bank
Dec 1, 1992 Amcore Bank National Association, Pekin IL Commerce Bank, National Association
Dec 1, 1992 First Interstate Bank of Missoula, National Association MT First Interstate Bank
Dec 1, 1992 NBD Bank Lemont IL NBD Bank
Dec 1, 1992 First Financial Credit Union of Florida FL First Commerce Credit Union
Dec 1, 1992 NBD Woodfield Bank IL NBD Bank
Dec 1, 1992 First Interstate Bank of Hardin MT First Interstate Bank
Dec 1, 1992 NBD Chicago Bank IL NBD Bank
Dec 1, 1992 Muskego-Norway School Employees Credit Union WI Educators Credit Union
Dec 1, 1992 First State Bank of Alsip IL Great Lakes Bank, National Association
Dec 1, 1992 Eci Empl Fcu FL Grow Financial Federal Credit Union
Dec 1, 1992 First Interstate Bank of South Missoula, National Association MT First Interstate Bank
Dec 1, 1992 Team Bancshares II, Inc. DE Banc One Texas Corporation
Dec 1, 1992 Executive Park National Bank TN Citizens Bank
Dec 1, 1992 Webster Bank and Trust Company LA Minden Bank & Trust Company
Dec 1, 1992 Countryside Bank of Stratford IL NBD Bank
Dec 1, 1992 First Hysham Holding Company MT Stockman Holding Company
Dec 1, 1992 First Interstate Bank of Miles City MT First Interstate Bank
Dec 1, 1992 NBD Highland Park Bank, National Association IL NBD Bank
Dec 1, 1992 Bank of Chicago-Little Village/Banco de Chicago-La Villita IL Bank of Chicago, S.B.
Dec 1, 1992 NBD Elk Grove Bank IL NBD Bank
Dec 1, 1992 I.U.P.I.W. Credit Union CA Star Harbor Federal Credit Union
Dec 1, 1992 The Brookside Savings Bank, F.S.B. MO Roosevelt Bank
Dec 1, 1992 Team Bancshares, Inc. TX Banc One Texas Corporation

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

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