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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
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
Dec 11, 1992 Prince George's National Bank MD F&M Bank - Maryland, Inc.
Dec 11, 1992 The First National Bank of Birmingham, Alabama AL AmSouth Bank
Dec 11, 1992 Southern Bancorp, Inc. OK Fourth Financial Corporation
Dec 10, 1992 Community Action Organization of Erie County Federal Credit Union NY St. John United Federal Credit Union
Dec 10, 1992 McCook Bancshares, Inc. SD First Dakota Financial Corporation
Dec 9, 1992 Dela 8559 Federal Credit Union NJ Proponent Federal Credit Union
Dec 8, 1992 H C Progressivefederal Credit Union TX East Texas Professional Credit Union
Dec 8, 1992 Sunoco Credit Union TX US Employees Credit Union
Dec 8, 1992 First Florida Banks, Incorporated FL Barnett Merger Corporation
Dec 8, 1992 7L Corporation FL Barnett Merger Corporation
Dec 7, 1992 Liberty Bank of Maryland MD American Trust Bank
Dec 7, 1992 Security Bank of South Dakota, National Association SD First National Bank
Dec 7, 1992 (unnamed) — Firstar Bank Fond Du Lac, National Association
Dec 7, 1992 The Henry County Bank IL Pinnacle Bank of the Quad Cities
Dec 5, 1992 Colony Bank FL SouthTrust Bank of Florida, National Association
Dec 5, 1992 The People's National Bank of Lebanon PA Meridian Bank
Dec 5, 1992 Peoples Bancorp, Inc. PA Meridian Bancorp, Inc.
Dec 5, 1992 Republic Bank & Trust Co. NC Central Carolina Bank and Trust Company
Dec 5, 1992 Dakota Bank and Trust Company of Fargo ND First Bank of North Dakota, N.A.
Dec 4, 1992 (unnamed) — SunTrust Bank, Northwest, Florida
Dec 2, 1992 The First National Bank of Rockport TX Norwest Bank Texas, South Central
Dec 1, 1992 First Interstate Bank of West Billings MT First Interstate Bank
Dec 1, 1992 NBD Bank Woodridge IL NBD Bank
Dec 1, 1992 Heritage Group, Inc. (The) IL NBD Illinois, Inc.
Dec 1, 1992 Electrical Workers #340 Credit Union CA Heritage Community Credit Union
Dec 1, 1992 Colonial Federal Credit Union PA Freedom United Federal Credit Union
Dec 1, 1992 NBD Park Ridge Bank IL NBD Bank
Dec 1, 1992 Amcore Bank National Association, Pekin IL Commerce Bank, National Association
Dec 1, 1992 First Interstate Bank of Missoula, National Association MT First Interstate Bank
Dec 1, 1992 NBD Bank Lemont IL NBD Bank
Dec 1, 1992 First Financial Credit Union of Florida FL First Commerce Credit Union
Dec 1, 1992 NBD Woodfield Bank IL NBD Bank
Dec 1, 1992 First Interstate Bank of Hardin MT First Interstate Bank
Dec 1, 1992 NBD Chicago Bank IL NBD Bank
Dec 1, 1992 Muskego-Norway School Employees Credit Union WI Educators Credit Union
Dec 1, 1992 First State Bank of Alsip IL Great Lakes Bank, National Association
Dec 1, 1992 Eci Empl Fcu FL Grow Financial Federal Credit Union
Dec 1, 1992 First Interstate Bank of South Missoula, National Association MT First Interstate Bank
Dec 1, 1992 Team Bancshares II, Inc. DE Banc One Texas Corporation
Dec 1, 1992 Executive Park National Bank TN Citizens Bank
Dec 1, 1992 Webster Bank and Trust Company LA Minden Bank & Trust Company
Dec 1, 1992 Countryside Bank of Stratford IL NBD Bank
Dec 1, 1992 First Hysham Holding Company MT Stockman Holding Company
Dec 1, 1992 First Interstate Bank of Miles City MT First Interstate Bank
Dec 1, 1992 NBD Highland Park Bank, National Association IL NBD Bank
Dec 1, 1992 Bank of Chicago-Little Village/Banco de Chicago-La Villita IL Bank of Chicago, S.B.
Dec 1, 1992 NBD Elk Grove Bank IL NBD Bank
Dec 1, 1992 I.U.P.I.W. Credit Union CA Star Harbor Federal Credit Union
Dec 1, 1992 The Brookside Savings Bank, F.S.B. MO Roosevelt Bank
Dec 1, 1992 Team Bancshares, Inc. TX Banc One Texas Corporation

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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