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 19, 1992 | Burbank National Bank | American Independent Bank, National Association |
| Sep 19, 1992 | Crater Bank | Western Bank |
| Sep 19, 1992 | Illini Bank-Elkhart | Illini Bank - North |
| Sep 18, 1992 | Carpenters' Local 210 Federal Credit Union | Western Connecticut Federal Credit Union |
| Sep 18, 1992 | First American Savings Bank, FSB | Charter One Bank, National Association |
| Sep 18, 1992 | North Iowa State Bank | Liberty Bank and Trust |
| Sep 17, 1992 | Newtown Federal Credit Union | Western Connecticut Federal Credit Union |
| Sep 16, 1992 | Benbrook State Bank | Heritage National Bank |
| Sep 15, 1992 | Geibank Industrial Bank | The Minnequa Bank of Pueblo |
| Sep 14, 1992 | Manufacturers Bank, National Association | Comerica Bank |
| Sep 12, 1992 | Star Bank, South Central Ohio | Star Bank, National Association, Tri State |
| Sep 12, 1992 | Jersey Shore Savings and Loan Association | Santander Bank, N.A. |
| Sep 12, 1992 | Federated Bank, S.S.B. | Firstar Bank Milwaukee, National Association |
| Sep 12, 1992 | El Paso State Bank | Norwest Bank El Paso, National Association |
| Sep 10, 1992 | Kansas National Bank and Trust Company | Bank IV, National Association |
| Sep 10, 1992 | KNB Bancshares, Inc. | Fourth Financial Corporation |
| Sep 10, 1992 | American Republic Bancorp | Republic Bank |
| Sep 9, 1992 | After Six Fcu | Sun East Federal Credit Union |
| Sep 8, 1992 | City Bancorp of Norman, Inc. | First Fidelity Bancorp, Inc. |
| Sep 8, 1992 | City National Bank & Trust Company | First Fidelity Bank |
| Sep 5, 1992 | Sunrise Bank for Savings, F.S.B. | PNC Bank, Northern Kentucky, National Association |
| Sep 5, 1992 | NCNB Bancorporation, Inc. | C&S/Sovran Corporation |
| Sep 5, 1992 | Usbancorp, Inc. | C&S/Sovran Corporation |
| Sep 5, 1992 | First Lima National Bank of Lima, Ohio | (unnamed) |
| Sep 4, 1992 | Coca-Cola Employees Credit Union | Mountain America Federal Credit Union |
| Sep 4, 1992 | Security Pacific Bank Washington, N.A. | Bank of America NW, National Association |
| Sep 4, 1992 | First Peoples Financial Corporation | Corestates Financial Corp |
| Sep 4, 1992 | (unnamed) | NationsBank of Florida, National Association |
| Sep 4, 1992 | Nationsbank Trust Company Florida, N.A. | NationsBank of Florida, National Association |
| Sep 2, 1992 | Southtrust of Northwest Florida, Inc. | Southtrust of Florida, Incorporated |
| Sep 2, 1992 | Petrolite Employees Credit Union | Arsenal Credit Union |
| Sep 1, 1992 | Vectra Bank of Lakewood | Vectra Bank |
| Sep 1, 1992 | First Gibraltar Bank, a Federal Savings Bank Plano | California Federal Bank |
| Sep 1, 1992 | Jefferson Bancorp, Inc. | Banc One Illinois Corporation |
| Sep 1, 1992 | Savannah Electric and Power Employees Credit Union | Powerco Federal Credit Union |
| Sep 1, 1992 | Bancard Corporation of Montana | Bank of Montana, National Association |
| Sep 1, 1992 | Ameriwest Bancor, Inc. | Bank of Scottsdale |
| Sep 1, 1992 | Bank of Montana Anaconda | Bank of Montana, National Association |
| Sep 1, 1992 | Bank of Montana Village | Bank of Montana, National Association |
| Sep 1, 1992 | Bank of Montana Big Sandy | Bank of Montana, National Association |
| Sep 1, 1992 | Southeastern Indiana Federal Credit Union | Cinco Family Financial Center Credit Union |
| Sep 1, 1992 | Vectra Bank of Denver | Vectra Bank |
| Sep 1, 1992 | Saint Joseph Mantua Federal Credit Union | Saints Margaret & Gregory Federal Credit Union |
| Sep 1, 1992 | Nescor Federal Credit Union | S T O F F E Federal Credit Union |
| Sep 1, 1992 | Heartland Ca Federal Credit Union | Arrowhead Federal Credit Union |
| Sep 1, 1992 | Bank of Montana Eastside | Bank of Montana, National Association |
| Sep 1, 1992 | Bank of Montana Havre | Bank of Montana, National Association |
| Sep 1, 1992 | Bank of Montana Conrad | Bank of Montana, National Association |
| Sep 1, 1992 | Bank of Montana Rudyard | Bank of Montana, National Association |
| Sep 1, 1992 | Bank of Montana Chester | 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 | Assets |
|---|---|---|
| Dec 10, 1992 | Citizens State Bank | $12.9M |
| Oct 16, 1992 | Freedom Bank | $20.9M |
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