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
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
May 6, 1992	OCC	The City National Bank and Trust Company of Guymon	Civil Money Penalty (CMP): Vantine, Pearl
May 6, 1992	OCC	The City National Bank and Trust Company of Guymon	Civil Money Penalty (CMP): Mayer, Joe
May 6, 1992	OCC	Eastwest Bank, N.A.	Civil Money Penalty (CMP): Gallagher, J.James
May 6, 1992	OCC	The City National Bank and Trust Company of Guymon	Civil Money Penalty (CMP): Atkins, James R.
May 5, 1992	OCC	City National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): City National Bank
May 5, 1992	FRB	(individual)	Prohibition from Banking: Jerry R. Payne
May 5, 1992	OCC	Western National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Western National Bank
May 5, 1992	OCC_OTS	Dollar Savings Association	Civil Money Penalty: Dollar Savings Association New Castle
May 4, 1992	OCC	First American Bank of Georgia N.A. (In Liquidation)	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First American Bank Of Gorgia, N.A.
May 4, 1992	FRB	(individual)	Prohibition from Banking: Jerry S. Bennett
May 4, 1992	OCC	Texas Republic Bank, N.A.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Security National Bank of Quanah, The
May 4, 1992	OCC	The City National Bank and Trust Company of Guymon	Civil Money Penalty (CMP): Docking, Thomas R.
May 4, 1992	OCC	Rock Hill National Bank	Civil Money Penalty (CMP): Galloway, James D.
May 4, 1992	OCC	Rock Hill National Bank	Civil Money Penalty (CMP): La Far, Dan S.
May 1, 1992	OCC	The City National Bank and Trust Company of Guymon	Civil Money Penalty (CMP): Lee, Robert
May 1, 1992	OCC_OTS	Polifly Federal Savings and Loan Association	Cease and Desist: Theodore V. Dam
May 1, 1992	FRB	First Independence Bank of Florida	Written Agreement: First Independence Bank of Florida, Fort Myers, FL
May 1, 1992	OCC	The City National Bank and Trust Company of Guymon	Civil Money Penalty (CMP): Docking, William R.
May 1, 1992	OCC	The City National Bank and Trust Company of Guymon	Civil Money Penalty (CMP): Hitch, Paul
Apr 30, 1992	OCC_OTS	First Carolina Savings Bank	Supervisory Agreement: First Carolina Federal Savings Bank
Apr 30, 1992	OCC_OTS	Citizens Federal Savings Bank	Supervisory Agreement: Citizens Federal Savings Bank
Apr 30, 1992	FRB	(individual)	Written Agreement: American State Bancshares, Inc., Broken Bow, OK
Apr 30, 1992	OCC_OTS	(individual)	Orders of Removal/Prohibition: Dan W. Kell
Apr 30, 1992	OCC	The Pawnee National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Pawnee National Bank
Apr 30, 1992	FRB	(individual)	Written Agreement: Ronald Bond
Apr 30, 1992	FRB	(individual)	Prohibition from Banking: Emanuel S. Pece
Apr 30, 1992	OCC	The Denver National Bank	Formal Agreement: The Denver National Bank
Apr 29, 1992	OCC	Valley National Bank of Fremont County	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Weaver, James T.
Apr 29, 1992	FRB	Pacific Western Bancshares, Inc.	Written Agreement: Pacific Western Bancshares and Pacific Western Bank, San Jose, CA
Apr 29, 1992	OCC_OTS	Merrill Federal Savings and Loan Association	Supervisory Agreement: Merrill Federal Savings and Loan Association
Apr 29, 1992	OCC	The Tupper Lake National Bank	Formal Agreement: Tupper Lake National Bank
Apr 29, 1992	OCC	The First National Bank of Mt. Hope	Formal Agreement: First National Bank of Mt. Hope, The
Apr 29, 1992	OCC	Aiken County National Bank	Formal Agreement: Aiken County National Bank
Apr 29, 1992	OCC	Valley National Bank of Fremont County	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Valley National Bank Of Fremont County
Apr 28, 1992	OCC	National Bank of Conroe	Formal Agreement: National Bank Of Conroe
Apr 28, 1992	OCC	National Commerce Corporation	Formal Agreement: National Bank Of Commerce
Apr 28, 1992	OCC	(individual)	Formal Agreement: First National Bank
Apr 28, 1992	OCC	(individual)	Formal Agreement: Banktexas National Association
Apr 28, 1992	OCC	Banctexas Houston	Formal Agreement: Banctexas Houston N.A.
Apr 28, 1992	OCC	First National Bank of Glenwood	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Glenwood
Apr 27, 1992	OCC_OTS	St. Edmond's Federal Savings Bank	Supervisory Agreement: St. Edmond's Savings and Loan Associaiton
Apr 27, 1992	OCC_OTS	Heart of Illinois Bank, F.S.B.	Civil Money Penalty: Raymond G. Becker
Apr 27, 1992	OCC_OTS	First Federal Savings and Loan Association	Supervisory Agreement: First Missouri Federal Savings and Loan Association
Apr 27, 1992	OCC_OTS	Heart of Illinois Bank, F.S.B.	Civil Money Penalty: Peter B. Fox
Apr 27, 1992	OCC	Columbus National Bank	Formal Agreement: Columbus National Bank
Apr 27, 1992	OCC_OTS	Heart of Illinois Bank, F.S.B.	Civil Money Penalty: John P. Dailey
Apr 24, 1992	FRB	Antioch Holding Company	Written Agreement: Antioch Holding Company, Antioch, IL
Apr 23, 1992	OCC	(individual)	Civil Money Penalty (CMP): First National Bank Of Fairfield
Apr 23, 1992	OCC_OTS	Anchor Savings Bank	Supervisory Agreement: Anchor Savings Bank
Apr 23, 1992	OCC_OTS	First Federal Savings & Loan Association of Hastings	Supervisory Agreement: First Federal Savings & Loan Association of Hastings

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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