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
Sep 1, 1992	Alden Employees Federal Credit Union	MA	Saint Anthony of New Bedford Federal Credit Union
Sep 1, 1992	Northeastern I E a Federal Credit Union	IL	Tech Credit Union
Sep 1, 1992	Bank of Montana Glasgow	MT	Bank of Montana, National Association
Sep 1, 1992	Bank of Montana Helena	MT	Bank of Montana, National Association
Sep 1, 1992	Bank of Montana Lewistown	MT	Bank of Montana, National Association
Sep 1, 1992	Bank of Dallas	WI	Farmers State Bank
Sep 1, 1992	Bank of Montana Missoula	MT	Bank of Montana, National Association
Sep 1, 1992	Kentucky National Bank of Ohio	OH	The National Bank and Trust Company
Sep 1, 1992	Bank of Montana Chinook	MT	Bank of Montana, National Association
Sep 1, 1992	Triangle Credit Union	NC	Vision Financial Federal Credit Union
Sep 1, 1992	Bank of Montana Shelby	MT	Bank of Montana, National Association
Sep 1, 1992	Vectra Bank of Federal Heights	CO	Vectra Bank of Englewood
Sep 1, 1992	First Bank of Butler	MO	BC National Banks
Sep 1, 1992	First Bank	IL	First Bank
Sep 1, 1992	Bank of Montana Valier	MT	Bank of Montana, National Association
Sep 1, 1992	The Bedford National Bank	IN	Bank One, Bloomington, National Association
Sep 1, 1992	The First State Bank	OK	BancFirst
Sep 1, 1992	(unnamed)	—	Vectra Bank
Sep 1, 1992	First CMNTY Cu of Kingsport	TN	Knoxville TVA Employees Credit Union
Sep 1, 1992	Vectra Bank of Wheat Ridge	CO	Vectra Bank of Englewood
Sep 1, 1992	Saint Ambrose Brunswick Federal Credit Union	OH	Community United Credit Union
Sep 1, 1992	Collis Employees Credit Union	IA	1st Gateway Credit Union
Sep 1, 1992	Ravenswood 400 Credit Union	IL	Archer Heights Credit Union
Sep 1, 1992	Nativity Chapter K of C Fcu	PA	Viriva Community Credit Union
Aug 31, 1992	Imperial Community Federal Credit Union	CA	Sun Community Federal Credit Union
Aug 30, 1992	Public Service Credit Union	TX	Amoco Federal Credit Union
Aug 28, 1992	Chemical Trust Company of Florida, Inc.	FL	Chemical Bank, FSB
Aug 28, 1992	BSD Service Company	CA	BSD Bancorp, Inc.
Aug 26, 1992	Charlesville Inc	IL	Edville Bankcorp, Inc.
Aug 25, 1992	Natcan Employees Federal Credit Union	CA	Financial Partners Credit Union
Aug 22, 1992	First Security National Bank and Trust Company of Lexington	KY	Bank One, Lexington, National Association
Aug 22, 1992	The Citizens National Bank of Danville	KY	Bank One, Lexington, National Association
Aug 22, 1992	First Security Bank & Trust Company of Madison County	KY	Bank One, Lexington, National Association
Aug 22, 1992	First Security Corporation of Kentucky	KY	Banc One Ohio Corporation
Aug 22, 1992	First Security Bank & Trust Company of Clark County	KY	Bank One, Lexington, National Association
Aug 22, 1992	First State Bank of Dalton	MN	Midwest Bank, National Association
Aug 21, 1992	First Security Affiliates, Inc.	KY	First Security Corporation of Kentucky
Aug 21, 1992	Atlantic Cheinco Corporation Employees Fcu	NJ	Edifi Federal Credit Union
Aug 21, 1992	Citizens Fidelity Bank and Trust Company Oldham County	KY	PNC Bank, Kentucky, Inc.
Aug 21, 1992	The Clayton Bank and Trust Company	DE	PNC Bank, Delaware
Aug 20, 1992	BJS, Inc.	IA	Westmont Corporation
Aug 20, 1992	State Bank of Plevna	KS	The Alden State Bank
Aug 20, 1992	Home State Bank	NE	Farmers and Merchants Bank
Aug 18, 1992	Williamsburg Holding Company	NE	Cornerstone Bank Group, Inc.
Aug 18, 1992	Nevada National Co.	NE	Cornerstone Bank Group, Inc.
Aug 17, 1992	City Savings Bank of Meriden	CT	The Dime Savings Bank of Wallingford
Aug 15, 1992	Peoples Bank One	PA	Promistar Bank
Aug 14, 1992	Union National Employees Federal Credit Union	NY	Greater Chautauqua Federal Credit Union
Aug 13, 1992	W-CV Bancorp, Inc.	WI	Fortress Holdings, Inc.
Aug 10, 1992	Coastal Virginia Bank	VA	Xenith Bank

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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