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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 1, 1992 NBD Arlington Heights Bank IL NBD Bank
Dec 1, 1992 Affiliated Banc Group, Inc. IL Comerica Incorporated
Dec 1, 1992 NBD Northfield Bank IL NBD Bank
Dec 1, 1992 First Interstate Bank of Colstrip MT First Interstate Bank
Dec 1, 1992 NBD Bank Mount Prospect, National Association IL NBD Bank
Dec 1, 1992 Team Bank TX Bank One, Texas, National Association
Dec 1, 1992 Home Owners Savings Bank Federal Savings Bank MN First Bank, Federal Savings Bank
Dec 1, 1992 NBD Glenbrook Bank IL NBD Bank
Dec 1, 1992 NBD Bank Lake Zurich, National Association IL NBD Bank
Dec 1, 1992 NBD Bank Elgin, National Association IL NBD Bank
Dec 1, 1992 The First National Bank in Hysham MT Farmers State Bank of Worden
Dec 1, 1992 Norbanc Lease, Inc. PA PNC Bank, Northeast PA
Dec 1, 1992 Waldorf State Bank MN Roundbank
Dec 1, 1992 Norbanc Realty Company, Inc. PA PNC Bank, Northeast PA
Dec 1, 1992 NBD Bank Evanston, National Association IL NBD Bank
Dec 1, 1992 Citizens Bank of Live Oak FL CNB National Bank
Dec 1, 1992 NBD Winfield Bank IL NBD Bank
Dec 1, 1992 Bank of Chicago-Lakeshore IL Bank of Chicago, S.B.
Dec 1, 1992 Community Homestead Association LA Teche Federal Bank
Dec 1, 1992 First Interstate Bank of Billings Heights MT First Interstate Bank
Dec 1, 1992 Saint Georges Parish Federal Credit Union MA Westport Federal Credit Union
Nov 30, 1992 First Western Federal Savings and Loan Association OK Interbank
Nov 30, 1992 St. Stephen Bancorporation, Inc. MN Saint Stephen Bangroup, Inc.
Nov 30, 1992 Hindley Employees Credit Union RI Navigant Credit Union
Nov 30, 1992 Spokane MSC Federal Credit Union WA United Health Services Credit Union
Nov 28, 1992 Trans Financial Bank of Tennessee, Federal Savings Bank TN Trans Financial Bank of Tennessee, Federal Savings Bank
Nov 24, 1992 Medical Health Group Fcu TX America's Credit Union
Nov 22, 1992 First Western Federal Savings Association of Wenatchee WA First Western Bank, a Federal Savings Bank
Nov 21, 1992 Merchants Bancorp, Inc. PA Fidelcor, Inc.
Nov 21, 1992 Linden Rheem Employees Federal Credit Union NJ The Atlantic Federal Credit Union
Nov 21, 1992 Central Credit Union NH Granite State Credit Union
Nov 21, 1992 First American Savings, F.A. PA Provident National Bank
Nov 21, 1992 SafraBank National Association FL Republic Bank for Savings, N.A.
Nov 21, 1992 Hancock Federal Savings and Loan Association IL First Community Bank
Nov 21, 1992 Brandywine Savings and Loan Association PA Provident National Bank
Nov 19, 1992 River Oaks Bank TX Compass Bank
Nov 18, 1992 WRB Bancshares, Inc. OK INTRUST Financial Corporation
Nov 17, 1992 AT&M Corp Employees Credit Union NY Erie County Employees Credit Union
Nov 16, 1992 Jasand, Inc. IA Hawkeye Bancorporation
Nov 16, 1992 The Bank of Massachusetts, Inc. d/b/a/ Century Bank/Suffolk MA Century Bank and Trust Company
Nov 16, 1992 Century North Shore Bank and Trust Company MA Century Bank and Trust Company
Nov 16, 1992 Valley First National Bank of Beaver Dam WI Valley Bank, South Central (National Association)
Nov 16, 1992 Bigelow Sandford Employees Federal Credit Union SC Southern Select Community Cu
Nov 16, 1992 Cole Taylor Bank/Yorktown IL Cole Taylor Bank
Nov 16, 1992 Community Bank & Trust N.A. of Randolph County WV Community Bank and Trust of Randolph County
Nov 14, 1992 Louisville Public Library Credit Union KY Transcend Credit Union
Nov 13, 1992 First Fidelity Bank, National Association, North Jersey NJ First Fidelity Bank, National Association, New Jersey
Nov 13, 1992 Edmonds National Bank WA Frontier Bank
Nov 11, 1992 Dakota First Trust Company ND First Trust Company of North Dakota N.A.
Nov 10, 1992 American Bank MO (unnamed)

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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