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 |
|---|---|---|
| Jul 23, 1992 | Paradise Finance, Incorporated | Finance Factors, Limited |
| Jul 20, 1992 | Peoples Federal Savings Bank of Thomasville | Truist Bank |
| Jul 18, 1992 | TN Pride Empl Cu | Old Hickory Credit Union |
| Jul 18, 1992 | (unnamed) | Boatmen's Bank of Southern Missouri |
| Jul 18, 1992 | Boatmen's National Bank of Cassville | Boatmen's Bank of Southern Missouri |
| Jul 18, 1992 | First Chicago Bank of Ravenswood | Bank One, National Association |
| Jul 17, 1992 | Cornat, Incorporated | Whitaker Bank Corporation of Kentucky |
| Jul 17, 1992 | Stockham Fcu | Secure First Credit Union |
| Jul 17, 1992 | American Bank of Franklin County | Mercantile Bank of Central Missouri |
| Jul 17, 1992 | First of America Bank - Plymouth, National Association | First of America Bank-Ann Arbor |
| Jul 16, 1992 | Piedmont State Bank | Bankers Trust of North Carolina |
| Jul 16, 1992 | Bank of Oklahoma, National Association, South | BOKF, N.A. |
| Jul 15, 1992 | PHP Credit Association Credit Union | Atlantic Coast Bank |
| Jul 13, 1992 | First FS&LA of Gi | First American Federal Savings and Loan Association |
| Jul 13, 1992 | AmeriTrust Company National Association | KeyBank N.A. |
| Jul 11, 1992 | First Trust Company of York | Cornerstone Bank |
| Jul 11, 1992 | Northern Federal Savings Bank | Deerfield Federal Savings and Loan Association |
| Jul 10, 1992 | Affiliated National Bank - Craig | Bank One, Western Colorado, National Association |
| Jul 10, 1992 | Affiliated National Bank - Delta | Bank One, Western Colorado, National Association |
| Jul 10, 1992 | Affiliated National Bank - Center | Bank One, Western Colorado, National Association |
| Jul 10, 1992 | Affiliated National Bank - Fort Collins | Bank One, Fort Collins/Loveland, National Association |
| Jul 10, 1992 | Affiliated National Bank - Montrose | Bank One, Western Colorado, National Association |
| Jul 10, 1992 | Affiliated National Bank - Fruita | Bank One, Western Colorado, National Association |
| Jul 2, 1992 | Colonial Bank and Trust Co. of Bureau County | Citizens First National Bank |
| Jul 2, 1992 | Gao Employees Federal Credit Union | United States Senate Federal Credit Union |
| Jul 1, 1992 | First Gibraltar Bank, a Federal Savings Bank San Antonio | California Federal Bank |
| Jul 1, 1992 | Rock Tenn County Employees Credit Union | Associated Credit Union |
| Jul 1, 1992 | Illinois Valley Bancshares, Inc. | Princeton National Bancorp, Inc. |
| Jul 1, 1992 | Southeastern Bancshares, Inc. | Southeastern Bancshares, Inc. |
| Jul 1, 1992 | Arkansas Union Bankshares, Inc. | Union Bancshares of Benton, Inc. |
| Jul 1, 1992 | First Petersburg Bancshares, Inc. | First of America Bank Corporation |
| Jul 1, 1992 | First Hanover Bancorp, Inc. | Prairie Acquisition Corporation |
| Jul 1, 1992 | Summcorp | NBD Indiana, Inc. |
| Jul 1, 1992 | Quad County Bancshares, Inc. | Missouri Quad Bancshares, Inc. |
| Jul 1, 1992 | Aquinas College Credit Union | Lake Michigan Credit Union |
| Jul 1, 1992 | Decatur Saint Marys Credit Union | Citizens Equity First Credit Union |
| Jul 1, 1992 | American Bancorp of Ponca City, Inc. | HNB Corporation |
| Jul 1, 1992 | WNCC Methodist Credit Union | Summit Credit Union |
| Jul 1, 1992 | Muskegon Piston Ring Employees Credit Union | Port City Federal Credit Union |
| Jul 1, 1992 | Five Thirty Nine Federal Credit Union | West Denver Community Credit Union |
| Jul 1, 1992 | Endicott Trust Company | Manufacturers and Traders Trust Company |
| Jul 1, 1992 | Fidelity Mutual Savings & Loan Association | First Home Savings Bank, FSB |
| Jul 1, 1992 | Central Trust Company | Manufacturers and Traders Trust Company |
| Jul 1, 1992 | Grand Federal Credit Union | Kemba Roanoke Federal Credit Union |
| Jul 1, 1992 | Guilford County Employees Credit Union | Summit Credit Union |
| Jul 1, 1992 | Duckworth Employees Federal Credit Union | Agawam Federal Credit Union |
| Jul 1, 1992 | The First National Bank of Petersburg | First of America Bank - Springfield, National Association |
| Jul 1, 1992 | Associates National Bank | Associates National Bank (Delaware) |
| Jul 1, 1992 | Bankers First Savings Bank, F.S.B. | Bankers First Savings Bank, FSB |
| Jul 1, 1992 | Fairview Federal Savings and Loan Association | The Columbia Bank |
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 | Assets |
|---|---|---|
| Dec 10, 1992 | Citizens State Bank | $12.9M |
| Oct 16, 1992 | Freedom Bank | $20.9M |
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