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 19, 1992	Burbank National Bank	CA	American Independent Bank, National Association
Sep 19, 1992	Crater Bank	OR	Western Bank
Sep 19, 1992	Illini Bank-Elkhart	IL	Illini Bank - North
Sep 18, 1992	Carpenters' Local 210 Federal Credit Union	CT	Western Connecticut Federal Credit Union
Sep 18, 1992	First American Savings Bank, FSB	OH	Charter One Bank, National Association
Sep 18, 1992	North Iowa State Bank	IA	Liberty Bank and Trust
Sep 17, 1992	Newtown Federal Credit Union	CT	Western Connecticut Federal Credit Union
Sep 16, 1992	Benbrook State Bank	TX	Heritage National Bank
Sep 15, 1992	Geibank Industrial Bank	CO	The Minnequa Bank of Pueblo
Sep 14, 1992	Manufacturers Bank, National Association	MI	Comerica Bank
Sep 12, 1992	Star Bank, South Central Ohio	OH	Star Bank, National Association, Tri State
Sep 12, 1992	Jersey Shore Savings and Loan Association	NJ	Santander Bank, N.A.
Sep 12, 1992	Federated Bank, S.S.B.	WI	Firstar Bank Milwaukee, National Association
Sep 12, 1992	El Paso State Bank	TX	Norwest Bank El Paso, National Association
Sep 10, 1992	Kansas National Bank and Trust Company	KS	Bank IV, National Association
Sep 10, 1992	KNB Bancshares, Inc.	KS	Fourth Financial Corporation
Sep 10, 1992	American Republic Bancorp	CA	Republic Bank
Sep 9, 1992	After Six Fcu	PA	Sun East Federal Credit Union
Sep 8, 1992	City Bancorp of Norman, Inc.	OK	First Fidelity Bancorp, Inc.
Sep 8, 1992	City National Bank & Trust Company	OK	First Fidelity Bank
Sep 5, 1992	Sunrise Bank for Savings, F.S.B.	KY	PNC Bank, Northern Kentucky, National Association
Sep 5, 1992	NCNB Bancorporation, Inc.	FL	C&S/Sovran Corporation
Sep 5, 1992	Usbancorp, Inc.	FL	C&S/Sovran Corporation
Sep 5, 1992	First Lima National Bank of Lima, Ohio	OH	(unnamed)
Sep 4, 1992	Coca-Cola Employees Credit Union	UT	Mountain America Federal Credit Union
Sep 4, 1992	Security Pacific Bank Washington, N.A.	WA	Bank of America NW, National Association
Sep 4, 1992	First Peoples Financial Corporation	NJ	Corestates Financial Corp
Sep 4, 1992	(unnamed)	—	NationsBank of Florida, National Association
Sep 4, 1992	Nationsbank Trust Company Florida, N.A.	FL	NationsBank of Florida, National Association
Sep 2, 1992	Southtrust of Northwest Florida, Inc.	FL	Southtrust of Florida, Incorporated
Sep 2, 1992	Petrolite Employees Credit Union	MO	Arsenal Credit Union
Sep 1, 1992	Vectra Bank of Lakewood	CO	Vectra Bank
Sep 1, 1992	First Gibraltar Bank, a Federal Savings Bank Plano	TX	California Federal Bank
Sep 1, 1992	Jefferson Bancorp, Inc.	IL	Banc One Illinois Corporation
Sep 1, 1992	Savannah Electric and Power Employees Credit Union	GA	Powerco Federal Credit Union
Sep 1, 1992	Bancard Corporation of Montana	MT	Bank of Montana, National Association
Sep 1, 1992	Ameriwest Bancor, Inc.	AZ	Bank of Scottsdale
Sep 1, 1992	Bank of Montana Anaconda	MT	Bank of Montana, National Association
Sep 1, 1992	Bank of Montana Village	MT	Bank of Montana, National Association
Sep 1, 1992	Bank of Montana Big Sandy	MT	Bank of Montana, National Association
Sep 1, 1992	Southeastern Indiana Federal Credit Union	IN	Cinco Family Financial Center Credit Union
Sep 1, 1992	Vectra Bank of Denver	CO	Vectra Bank
Sep 1, 1992	Saint Joseph Mantua Federal Credit Union	OH	Saints Margaret & Gregory Federal Credit Union
Sep 1, 1992	Nescor Federal Credit Union	OH	S T O F F E Federal Credit Union
Sep 1, 1992	Heartland Ca Federal Credit Union	CA	Arrowhead Federal Credit Union
Sep 1, 1992	Bank of Montana Eastside	MT	Bank of Montana, National Association
Sep 1, 1992	Bank of Montana Havre	MT	Bank of Montana, National Association
Sep 1, 1992	Bank of Montana Conrad	MT	Bank of Montana, National Association
Sep 1, 1992	Bank of Montana Rudyard	MT	Bank of Montana, National Association
Sep 1, 1992	Bank of Montana Chester	MT	Bank of Montana, National Association

The list holds 500 of the 1,066 mergers recorded for 1992.

Enforcement Actions in 1992

Action date	Agency	Institution	Action
Apr 23, 1992	FRB	Security Pacific Bank	Civil Money Penalty $50,000: Security Pacific Corporation, Los Angeles, CA
Apr 23, 1992	OCC	The National Bank of Cynthiana	Formal Agreement: The National Bank Of Cynthiana
Apr 23, 1992	OCC	The First National Bank of Hope	Formal Agreement: The First National Bank Of Hope
Apr 22, 1992	OCC_OTS	(individual)	Civil Money Penalty: Charles E. Gallagher
Apr 22, 1992	OCC	Madison National Bank of Virginia	Prohibition/Removal Orders: Broumas, John G.
Apr 22, 1992	OCC_OTS	Mutual Savings Bank	Supervisory Agreement: Mutual Savings Bank
Apr 22, 1992	OCC	Helena National Bank	Formal Agreement: Helena National Bank
Apr 22, 1992	OCC_OTS	Lufkin Federal Savings and Loan Association	Civil Money Penalty: George H., III Henderson
Apr 21, 1992	OCC_OTS	Main Line Bancshares, Inc.	Supervisory Agreement: Main Line Federal Savings Bank
Apr 21, 1992	OCC_OTS	Home Federal Savings Bank	Supervisory Agreement: Home Federal Savings Bank
Apr 21, 1992	OCC	First National Bank of Red Oak	Formal Agreement: First National Bank Of Red Oak
Apr 21, 1992	OCC	South Side National Bank in St. Louis	Formal Agreement: South Side National Bank In St. Louis
Apr 20, 1992	OCC	(individual)	Civil Money Penalty (CMP): Tongate, Gary
Apr 17, 1992	OCC_OTS	(individual)	Orders of Removal/Prohibition: Andrew R. McGukin
Apr 17, 1992	OCC_OTS	(individual)	Orders of Removal/Prohibition: John R. Hennessey
Apr 17, 1992	OCC_OTS	Springfield Savings & Loan Association	Supervisory Agreement: Springfield Savings and Loan Association
Apr 17, 1992	OCC_OTS	(individual)	Cease and Desist: Andrew R. McGukin
Apr 16, 1992	OCC_OTS	Reliance Federal Savings and Loan Association of St Louis Co	Supervisory Agreement: Reliance Federal Savings and Loan Association
Apr 16, 1992	OCC_OTS	First Federal Savings Bank of South Dakota	Supervisory Agreement: First Savings and Loan Association of South Dakota, Inc.
Apr 16, 1992	OCC_OTS	(individual)	Orders of Removal/Prohibition: Mark Baetens
Apr 16, 1992	OCC_OTS	First Ohio Savings Bank, F.S.B.	Civil Money Penalty: Walter W., MD Timperman
Apr 16, 1992	OCC_OTS	Spencer Savings Bank, Savings and Loan Association	Supervisory Agreement: Spencer Savings Bank, SLA
Apr 15, 1992	OCC_OTS	Eastover Bank for Savings	Cease and Desist: Eastover Bank for Savings
Apr 15, 1992	OCC_OTS	Home Federal Savings and Loan Association of Grand Island	Civil Money Penalty: Reginald L. Gartner
Apr 15, 1992	OCC_OTS	(individual)	Orders of Removal/Prohibition: William C. Norris
Apr 15, 1992	OCC_OTS	Sidney Federal Savings and Loan Association	Supervisory Agreement: Sidney Federal Savings and loan Association
Apr 15, 1992	FRB	MBC Corp.	Written Agreement: MBC Corp., Modesto, CA
Apr 15, 1992	OCC_OTS	Home Federal Savings and Loan Association of Grand Island	Civil Money Penalty: Hugh M., Jr. Miner
Apr 14, 1992	OCC	National Bank of Grand Prairie	Formal Agreement: National Bank Of Grand Prairie
Apr 14, 1992	FRB	State Bank and Trust of Colorado Springs	Cease and Desist Order: State Bank and Trust of Colorado Springs, Colorado Springs, CO
Apr 14, 1992	OCC_OTS	(individual)	Supervisory Agreement: Eastern Savings and Loan Assocaition
Apr 14, 1992	OCC	(individual)	Civil Money Penalty (CMP): Security Pacific National Trust Company, Na
Apr 13, 1992	OCC_OTS	Home Federal Savings and Loan Association of Grand Island	Civil Money Penalty: Stephen R. Beltzer
Apr 13, 1992	OCC	The First National Bank of Pandora	Formal Agreement: The First National Bank Of Pandora
Apr 13, 1992	OCC_OTS	(individual)	Civil Money Penalty: James B. Beltzer
Apr 9, 1992	OCC	(individual)	Formal Agreement: First Eastern Bank, N.A.
Apr 9, 1992	OCC	Southeast National Bank	Formal Agreement: Southeast National Bank
Apr 9, 1992	OCC	Gladewater National Bank	Civil Money Penalty (CMP): Gibbs, Donald G.
Apr 9, 1992	OCC_OTS	(individual)	Supervisory Agreement: First Federal Savings and Loan Association of Hazard
Apr 8, 1992	OCC	Community National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Community National Bank
Apr 8, 1992	OCC	Republic National Bank of Miami	Formal Agreement: Republic National Bank Of Miami
Apr 8, 1992	OCC	National Bank of Southern California	Formal Agreement: National Bank Of Southern California
Apr 8, 1992	OCC	Falcon Bancshares Incorporated	Civil Money Penalty (CMP): Gonzalez, Jorge
Apr 8, 1992	OCC	Falcon Bancshares Incorporated	Civil Money Penalty (CMP): Dodier, Jose A.
Apr 8, 1992	OCC	Falcon Bancshares Incorporated	Civil Money Penalty (CMP): Cortez, David R.
Apr 8, 1992	OCC	Falcon Bancshares Incorporated	Civil Money Penalty (CMP): Bruni, Louis H.
Apr 8, 1992	OCC_OTS	Davy Crockett Federal Savings & Loan Association	Cease and Desist: Oliver P. Bass
Apr 8, 1992	OCC_OTS	(individual)	Civil Money Penalty: Larry Nix
Apr 8, 1992	OCC_OTS	Davy Crockett Federal Savings & Loan Association	Civil Money Penalty: Oliver P. Bass
Apr 8, 1992	OCC_OTS	Great American Group, LLC	Orders of Removal/Prohibition: David C. Safina

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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