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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 29, 1992 DPC of Wausau, Inc. WI Firstar Investment Research & Management Company
Oct 24, 1992 Brentwood Bank NE American National Bank of Sarpy County
Oct 24, 1992 Heritage Bank Country Club Hills IL Heritage Bank
Oct 24, 1992 Murray Envelope Empl Cu MS Sunbelt Federal Credit Union
Oct 24, 1992 Illini Bank-Stonington IL Illini Bank-East
Oct 24, 1992 Home Federal Savings Bank SC SouthTrust Bank of South Carolina, National Association
Oct 23, 1992 Parent Federal Savings Bank PA CCNB Bank, National Association
Oct 23, 1992 Security National Bank East TX Security National Bank of San Antonio
Oct 23, 1992 The Gettysburg National Bank PA CCNB Bank, National Association
Oct 22, 1992 Manufacturers Affiliated Trust Company IL Lasalle Bank Illinois
Oct 21, 1992 Summit Holding Corporation WV United Bankshares, Inc.
Oct 21, 1992 Liberty Bancshares, Inc. WV United Bankshares, Inc.
Oct 21, 1992 Montgomery National Bank WV United Bank
Oct 19, 1992 Ameritrust Bank, Howard County IN Society National Bank, Indiana
Oct 19, 1992 (unnamed) — Society National Bank, Indiana
Oct 19, 1992 Norwest Bank Nebraska Lincoln, National Association NE Wells Fargo Bank Nebraska, National Association
Oct 19, 1992 Ameritrust National Bank, Central Indiana IN Society National Bank, Indiana
Oct 17, 1992 Freedom Bank TX The Peoples State Bank
Oct 17, 1992 Bank One, Monticello IL Bank One, Champaign-Urbana
Oct 17, 1992 Inland Savings and Loan Association CA HCN Bank
Oct 17, 1992 Med Center Bank and Trust TX Augusta Financial Group, Inc.
Oct 17, 1992 Andrew Savings Bank IA Mercantile Bank of Dubuque, National Association
Oct 17, 1992 Northern Trust Bank of Florida/Sarasota, National Association FL Northern Trust, National Association
Oct 17, 1992 American National Bank of Lansing IL Bank One, National Association
Oct 16, 1992 Hemet Bancorp CA HCN Bank
Oct 16, 1992 Minnetonka National Bank MN Ameribank
Oct 15, 1992 Woodstream Fcu PA Wheatland Federal Credit Union
Oct 15, 1992 INB Financial Corporation IN NBD Indiana, Inc.
Oct 10, 1992 The Bank of Alexis IL Farmers State Bank of Western Illinois
Oct 10, 1992 Howard Empl Fcu MS Sunbelt Federal Credit Union
Oct 8, 1992 Nebraska State Bank NE Farmers and Merchants Bank
Oct 8, 1992 The Bank of Palmyra NE Farmers and Merchants Bank
Oct 8, 1992 Farmers State Bank NE Farmers and Merchants Bank
Oct 7, 1992 Belvedere Empl Fcu FL Gold Coast Federal Credit Union
Oct 3, 1992 First State Bank IA Mercantile Bank of Mount Ayr
Oct 3, 1992 Vistar Bank NE Wells Fargo Bank Nebraska, National Association
Oct 3, 1992 Wisco, Inc. IA Hawkeye Bancorporation
Oct 3, 1992 The Howard Federal Savings, F.A. NJ First Fidelity Bank, National Association, New Jersey
Oct 3, 1992 United Bancshares, Inc. NE Wells Fargo & Company
Oct 2, 1992 Great Falls Clinic Federal Credit Union MT The Family First Federal Credit Union
Oct 1, 1992 A H P Employees Federal Credit Union NY Benchmark Federal Credit Union
Oct 1, 1992 Columbia Savings, a Federal Savings and Loan Association CO Granite Bank, Federal Savings Bank
Oct 1, 1992 Security Bank of Colorado CO First United Bank, National Association
Oct 1, 1992 Illinois Banc One Corporation IL Banc One Illinois Corporation
Oct 1, 1992 Florida Home Builders Association Credit Union FL Space Coast Credit Union
Oct 1, 1992 Kerite Employees Federal Credit Union CT Science Park Federal Credit Union
Oct 1, 1992 Woodford Investment Company IL HBT Financial, Inc.
Oct 1, 1992 United Missouri Safe Deposit Company MO UMB Bank, N.A.
Oct 1, 1992 Egco Federal Credit Union NJ Synergy Bank
Oct 1, 1992 First State Bancorporation, Inc. WV CB&T Clarksburg Corp.

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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