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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
Feb 28, 1992 Irvington FSB Glen Burnie, MD $43.8M Arundel FSB
Feb 28, 1992 Colony Savings Bank Wallingford, CT $35.7M New Haven Savings Bank
Feb 28, 1992 Alpha Indian Rock FS & La Philadelphia, PA $7.2M Roxborough-Manayunk
Feb 27, 1992 Columbia Bank Avondale, AZ $17.0M Valley NB of Arizona
Feb 21, 1992 Dollar DRY Dock Bank White Plains, NY $4.03B Emigrant Savings Bank
Feb 21, 1992 The Bank of Brandywine Valley West Chester, PA $44.9M Wilmington Trust Co
Feb 21, 1992 National City Bank Coral Springs, FL $19.0M Intercontinental Bank
Feb 14, 1992 The Central Savings Bank Lowell, MA $369.1M Massbank for Savings
Feb 7, 1992 United Savings of America, F.A. Melbourne, FL $327.2M Barnett Bank of Central FL
Feb 7, 1992 Merchants National Bank Fort Myers, FL $35.1M Founders National Trust
Feb 7, 1992 Kempton State Bank Kempton, IL $3.6M Vermilion Valley Bank
Feb 6, 1992 Landmark Bank of Forth Worth Fort Worth, TX $80.5M Central Bank&trust
Jan 31, 1992 Pelican Homestead Sa Metairie, LA $1.28B First Commerce Corp.
Jan 31, 1992 Security FSA Panama City, FL $107.1M Branch sale
Jan 31, 1992 Sentinel Bank Hartford, CT $74.8M Society for Savings
Jan 31, 1992 Fountain Bank Scottsdale, AZ $15.6M Bank of Arizona
Jan 30, 1992 Independence Bank Los Angeles, CA $535.8M —
Jan 30, 1992 Atlantic Trust Company Newington, NH $21.2M Fleet Bank-NH
Jan 24, 1992 Crossland Savings Bank, FSB Brooklyn, NY $7.43B Public stock sale
Jan 24, 1992 Banco Nacional, N.A. San Juan, PR $52.1M Eurobank&trust Co
Jan 24, 1992 Advanced FSB Northridge, CA $23.1M Deposit payout
Jan 24, 1992 American National Bank of New York Fleischmanns, NY $18.0M —
Jan 23, 1992 First State Bank Bangs, TX $16.5M Texas Bank
Jan 16, 1992 The Bank of Verde Valley Cottonwood, AZ $10.3M Stockmens Bank
Jan 10, 1992 Perpetual Savings Bank Vienna, VA $2.89B Crestar Bank
Jan 10, 1992 Hansen FSA Hammonton, NJ $572.4M Collective FSB
Jan 10, 1992 The Citizens Bank Dallas, GA $60.6M First NB of Paulding Cou
Jan 10, 1992 Hansen FSB Palm Beach Garden, FL $51.8M Fidelity FSB of FL
Jan 3, 1992 Assured Thrift and Loan Association Stockton, CA $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 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
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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