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
Dec 18, 1992	The Rushville National Bank	Rushville, IN	$41.6M	Peoples Trust Co
Dec 18, 1992	The Bremen State Bank	Bremen, KS	$2.7M	—
Dec 11, 1992	Meritor Savings Bank	Philadelphia, PA	$4.13B	Mellon Bank National Ass
Dec 11, 1992	Eastland Savings Bank	Woonsocket, RI	$515.3M	Fleet National Bank
Dec 11, 1992	Eastland Bank	Woonsocket, RI	$85.4M	Fleet National Bank
Dec 11, 1992	Sailors & Merchants B&T Co.	Vienna, VA	$34.8M	First Union Bank of Virg
Dec 8, 1992	Palm Beach FSA	Palm Beach Garden, FL	$59.4M	Southbank, a FSB
Dec 4, 1992	Carteret FSB	Madison, NJ	$4.83B	Branch sale
Dec 4, 1992	Second National, FSB	Salisbury, MD	$1.57B	Branch sale
Dec 4, 1992	Heritage Bank for Savings	Holyoke, MA	$1.29B	Fleet Bank of Ma N.A.
Dec 4, 1992	Security Federal	Vineland, NJ	$1.19B	Meridian Bank, NJ
Dec 4, 1992	Burritt Interfinancial Bancorporation	New Britain, CT	$523.9M	Derby Savings Bank
Dec 4, 1992	Huntington Pacific Thrift & Loan	Huntington, CA	$40.5M	—
Nov 20, 1992	The Merchants Bank	Kansas City, MO	$1.45B	Boatmen's First NB of KC
Nov 20, 1992	Polifly FS & La	New Milford, NJ	$458.0M	Branch sale
Nov 20, 1992	Irving FB for Savings	Chicago, IL	$247.0M	Branch sale
Nov 20, 1992	Crestline FS & La	Crestline, OH	$27.5M	Premier B&T
Nov 13, 1992	First New York Bank for Business	New York, NY	$530.7M	Merchants Bank of New Yo
Nov 13, 1992	Metro North State Bank	Kansas City, MO	$472.5M	Boatmen's First NB of KC
Nov 13, 1992	Guaranty-First Trust Company	Waltham, MA	$353.2M	Fleet Bank of Ma N.A.
Nov 13, 1992	The Overland Park FS & La	Overland Park, KS	$213.4M	Conservative SB, FSB
Nov 13, 1992	Investors Bank and Trust Company	Gretna, LA	$51.6M	Delta Bank&trust Co
Nov 13, 1992	Statewide Thrift and Loan Co.	Redwood City, CA	$9.6M	Fireside Thrift Co
Nov 6, 1992	First FSB of Georgia, F.A.	Winder, GA	$108.2M	Branch sale
Nov 6, 1992	Greenwood Bank of Bethel, Inc.	Bethel, CT	$33.3M	Union SB of Danbury
Oct 30, 1992	First City, Texas - Houston, N.A.	Houston, TX	$2.80B	Texas Commerce Bancshares
Oct 30, 1992	First City, Texas - Dallas, N.A.	Dallas, TX	$1.36B	Texas Commerce Bancshares
Oct 30, 1992	Homestead FSA	San Francisco, CA	$1.31B	Branch sale
Oct 30, 1992	First City, Texas - Beaumont, N.A.	Beaumont, TX	$532.2M	Texas Commerce Bancshares
Oct 30, 1992	First City, Texas - Corpus Chris	Corpus Christi, TX	$462.8M	Mercantile Bank, N.A.
Oct 30, 1992	First City, Texas - El Paso, N.A.	El Paso, TX	$395.9M	Sunwest Bank of El Paso
Oct 30, 1992	First City, Texas - Austin, N.A.	Austin, TX	$345.5M	The Frost National Bank
Oct 30, 1992	First City, Texas - Bryan, N.A.	Bryan, TX	$340.2M	Victoria Bank and Trust
Oct 30, 1992	First City, Texas - Midland, N.A.	Midland, TX	$313.1M	Texas Commerce Bancshares
Oct 30, 1992	First City, Texas - San Antonio	San Antonio, TX	$265.7M	The Frost National Bank
Oct 30, 1992	First City, Texas - Tyler, N.A.	Tyler, TX	$259.2M	First Commercial Corporatio
Oct 30, 1992	First City, Texas - Lufkin, N.A.	Lufkin, TX	$156.6M	First Commercial Corporatio
Oct 30, 1992	First City, Texas - San Angelo,	San Angelo, TX	$142.8M	First National Bank of West
Oct 30, 1992	First City, Texas - Orange, N.A.	Orange, TX	$132.0M	First Heights Bank, FSB
Oct 30, 1992	First City, Texas - Alice, N.A.	Alice, TX	$128.0M	Alice Bank of Texas
Oct 30, 1992	First City, Texas - Madisonville	Madisonville, TX	$123.4M	Madisonville State Bank
Oct 30, 1992	First City, Texas - Lake Jackson	Lake Jackson, TX	$104.3M	First Heights Bank, FSB
Oct 30, 1992	First City, Texas - Graham, N.A.	Graham, TX	$95.4M	First National Bank of Olne
Oct 30, 1992	First City, Texas - Sour Lake	Sour Lake, TX	$53.5M	Citizens Bank
Oct 30, 1992	First City, Texas - Aransas Pass	Aransas Pass, TX	$51.7M	Corpus Christi National Ban
Oct 30, 1992	First City, Texas - Kountze, N.A.	Kountze, TX	$51.3M	Citizens Bank
Oct 21, 1992	Standard FSB	Gaithersburg, MD	$1.72B	Branch sale
Oct 16, 1992	Security FS & La	Jackson, MS	$276.5M	Branch sale
Oct 16, 1992	Universal Bank	Lanham, MD	$18.0M	—
Oct 9, 1992	Peidmont FSA	Manassas, VA	$444.6M	Crestar Bank

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