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 | Assets |
|---|---|---|
| Feb 28, 1992 | Irvington FSB | $43.8M |
| Feb 28, 1992 | Colony Savings Bank | $35.7M |
| Feb 28, 1992 | Alpha Indian Rock FS & La | $7.2M |
| Feb 27, 1992 | Columbia Bank | $17.0M |
| Feb 21, 1992 | Dollar DRY Dock Bank | $4.03B |
| Feb 21, 1992 | The Bank of Brandywine Valley | $44.9M |
| Feb 21, 1992 | National City Bank | $19.0M |
| Feb 14, 1992 | The Central Savings Bank | $369.1M |
| Feb 7, 1992 | United Savings of America, F.A. | $327.2M |
| Feb 7, 1992 | Merchants National Bank | $35.1M |
| Feb 7, 1992 | Kempton State Bank | $3.6M |
| Feb 6, 1992 | Landmark Bank of Forth Worth | $80.5M |
| Jan 31, 1992 | Pelican Homestead Sa | $1.28B |
| Jan 31, 1992 | Security FSA | $107.1M |
| Jan 31, 1992 | Sentinel Bank | $74.8M |
| Jan 31, 1992 | Fountain Bank | $15.6M |
| Jan 30, 1992 | Independence Bank | $535.8M |
| Jan 30, 1992 | Atlantic Trust Company | $21.2M |
| Jan 24, 1992 | Crossland Savings Bank, FSB | $7.43B |
| Jan 24, 1992 | Banco Nacional, N.A. | $52.1M |
| Jan 24, 1992 | Advanced FSB | $23.1M |
| Jan 24, 1992 | American National Bank of New York | $18.0M |
| Jan 23, 1992 | First State Bank | $16.5M |
| Jan 16, 1992 | The Bank of Verde Valley | $10.3M |
| Jan 10, 1992 | Perpetual Savings Bank | $2.89B |
| Jan 10, 1992 | Hansen FSA | $572.4M |
| Jan 10, 1992 | The Citizens Bank | $60.6M |
| Jan 10, 1992 | Hansen FSB | $51.8M |
| Jan 3, 1992 | Assured Thrift and Loan Association | $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 | Acquirer |
|---|---|---|
| Sep 1, 1992 | Alden Employees Federal Credit Union | Saint Anthony of New Bedford Federal Credit Union |
| Sep 1, 1992 | Northeastern I E a Federal Credit Union | Tech Credit Union |
| Sep 1, 1992 | Bank of Montana Glasgow | Bank of Montana, National Association |
| Sep 1, 1992 | Bank of Montana Helena | Bank of Montana, National Association |
| Sep 1, 1992 | Bank of Montana Lewistown | Bank of Montana, National Association |
| Sep 1, 1992 | Bank of Dallas | Farmers State Bank |
| Sep 1, 1992 | Bank of Montana Missoula | Bank of Montana, National Association |
| Sep 1, 1992 | Kentucky National Bank of Ohio | The National Bank and Trust Company |
| Sep 1, 1992 | Bank of Montana Chinook | Bank of Montana, National Association |
| Sep 1, 1992 | Triangle Credit Union | Vision Financial Federal Credit Union |
| Sep 1, 1992 | Bank of Montana Shelby | Bank of Montana, National Association |
| Sep 1, 1992 | Vectra Bank of Federal Heights | Vectra Bank of Englewood |
| Sep 1, 1992 | First Bank of Butler | BC National Banks |
| Sep 1, 1992 | First Bank | First Bank |
| Sep 1, 1992 | Bank of Montana Valier | Bank of Montana, National Association |
| Sep 1, 1992 | The Bedford National Bank | Bank One, Bloomington, National Association |
| Sep 1, 1992 | The First State Bank | BancFirst |
| Sep 1, 1992 | (unnamed) | Vectra Bank |
| Sep 1, 1992 | First CMNTY Cu of Kingsport | Knoxville TVA Employees Credit Union |
| Sep 1, 1992 | Vectra Bank of Wheat Ridge | Vectra Bank of Englewood |
| Sep 1, 1992 | Saint Ambrose Brunswick Federal Credit Union | Community United Credit Union |
| Sep 1, 1992 | Collis Employees Credit Union | 1st Gateway Credit Union |
| Sep 1, 1992 | Ravenswood 400 Credit Union | Archer Heights Credit Union |
| Sep 1, 1992 | Nativity Chapter K of C Fcu | Viriva Community Credit Union |
| Aug 31, 1992 | Imperial Community Federal Credit Union | Sun Community Federal Credit Union |
| Aug 30, 1992 | Public Service Credit Union | Amoco Federal Credit Union |
| Aug 28, 1992 | Chemical Trust Company of Florida, Inc. | Chemical Bank, FSB |
| Aug 28, 1992 | BSD Service Company | BSD Bancorp, Inc. |
| Aug 26, 1992 | Charlesville Inc | Edville Bankcorp, Inc. |
| Aug 25, 1992 | Natcan Employees Federal Credit Union | Financial Partners Credit Union |
| Aug 22, 1992 | First Security National Bank and Trust Company of Lexington | Bank One, Lexington, National Association |
| Aug 22, 1992 | The Citizens National Bank of Danville | Bank One, Lexington, National Association |
| Aug 22, 1992 | First Security Bank & Trust Company of Madison County | Bank One, Lexington, National Association |
| Aug 22, 1992 | First Security Corporation of Kentucky | Banc One Ohio Corporation |
| Aug 22, 1992 | First Security Bank & Trust Company of Clark County | Bank One, Lexington, National Association |
| Aug 22, 1992 | First State Bank of Dalton | Midwest Bank, National Association |
| Aug 21, 1992 | First Security Affiliates, Inc. | First Security Corporation of Kentucky |
| Aug 21, 1992 | Atlantic Cheinco Corporation Employees Fcu | Edifi Federal Credit Union |
| Aug 21, 1992 | Citizens Fidelity Bank and Trust Company Oldham County | PNC Bank, Kentucky, Inc. |
| Aug 21, 1992 | The Clayton Bank and Trust Company | PNC Bank, Delaware |
| Aug 20, 1992 | BJS, Inc. | Westmont Corporation |
| Aug 20, 1992 | State Bank of Plevna | The Alden State Bank |
| Aug 20, 1992 | Home State Bank | Farmers and Merchants Bank |
| Aug 18, 1992 | Williamsburg Holding Company | Cornerstone Bank Group, Inc. |
| Aug 18, 1992 | Nevada National Co. | Cornerstone Bank Group, Inc. |
| Aug 17, 1992 | City Savings Bank of Meriden | The Dime Savings Bank of Wallingford |
| Aug 15, 1992 | Peoples Bank One | Promistar Bank |
| Aug 14, 1992 | Union National Employees Federal Credit Union | Greater Chautauqua Federal Credit Union |
| Aug 13, 1992 | W-CV Bancorp, Inc. | Fortress Holdings, Inc. |
| Aug 10, 1992 | Coastal Virginia Bank | Xenith Bank |
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 | Assets |
|---|---|---|
| Dec 10, 1992 | Citizens State Bank | $12.9M |
| Oct 16, 1992 | Freedom Bank | $20.9M |
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