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
Oct 29, 1992	DPC of Wausau, Inc.	WI	Firstar Investment Research & Management Company
Oct 24, 1992	Brentwood Bank	NE	American National Bank of Sarpy County
Oct 24, 1992	Heritage Bank Country Club Hills	IL	Heritage Bank
Oct 24, 1992	Murray Envelope Empl Cu	MS	Sunbelt Federal Credit Union
Oct 24, 1992	Illini Bank-Stonington	IL	Illini Bank-East
Oct 24, 1992	Home Federal Savings Bank	SC	SouthTrust Bank of South Carolina, National Association
Oct 23, 1992	Parent Federal Savings Bank	PA	CCNB Bank, National Association
Oct 23, 1992	Security National Bank East	TX	Security National Bank of San Antonio
Oct 23, 1992	The Gettysburg National Bank	PA	CCNB Bank, National Association
Oct 22, 1992	Manufacturers Affiliated Trust Company	IL	Lasalle Bank Illinois
Oct 21, 1992	Summit Holding Corporation	WV	United Bankshares, Inc.
Oct 21, 1992	Liberty Bancshares, Inc.	WV	United Bankshares, Inc.
Oct 21, 1992	Montgomery National Bank	WV	United Bank
Oct 19, 1992	Ameritrust Bank, Howard County	IN	Society National Bank, Indiana
Oct 19, 1992	(unnamed)	—	Society National Bank, Indiana
Oct 19, 1992	Norwest Bank Nebraska Lincoln, National Association	NE	Wells Fargo Bank Nebraska, National Association
Oct 19, 1992	Ameritrust National Bank, Central Indiana	IN	Society National Bank, Indiana
Oct 17, 1992	Freedom Bank	TX	The Peoples State Bank
Oct 17, 1992	Bank One, Monticello	IL	Bank One, Champaign-Urbana
Oct 17, 1992	Inland Savings and Loan Association	CA	HCN Bank
Oct 17, 1992	Med Center Bank and Trust	TX	Augusta Financial Group, Inc.
Oct 17, 1992	Andrew Savings Bank	IA	Mercantile Bank of Dubuque, National Association
Oct 17, 1992	Northern Trust Bank of Florida/Sarasota, National Association	FL	Northern Trust, National Association
Oct 17, 1992	American National Bank of Lansing	IL	Bank One, National Association
Oct 16, 1992	Hemet Bancorp	CA	HCN Bank
Oct 16, 1992	Minnetonka National Bank	MN	Ameribank
Oct 15, 1992	Woodstream Fcu	PA	Wheatland Federal Credit Union
Oct 15, 1992	INB Financial Corporation	IN	NBD Indiana, Inc.
Oct 10, 1992	The Bank of Alexis	IL	Farmers State Bank of Western Illinois
Oct 10, 1992	Howard Empl Fcu	MS	Sunbelt Federal Credit Union
Oct 8, 1992	Nebraska State Bank	NE	Farmers and Merchants Bank
Oct 8, 1992	The Bank of Palmyra	NE	Farmers and Merchants Bank
Oct 8, 1992	Farmers State Bank	NE	Farmers and Merchants Bank
Oct 7, 1992	Belvedere Empl Fcu	FL	Gold Coast Federal Credit Union
Oct 3, 1992	First State Bank	IA	Mercantile Bank of Mount Ayr
Oct 3, 1992	Vistar Bank	NE	Wells Fargo Bank Nebraska, National Association
Oct 3, 1992	Wisco, Inc.	IA	Hawkeye Bancorporation
Oct 3, 1992	The Howard Federal Savings, F.A.	NJ	First Fidelity Bank, National Association, New Jersey
Oct 3, 1992	United Bancshares, Inc.	NE	Wells Fargo & Company
Oct 2, 1992	Great Falls Clinic Federal Credit Union	MT	The Family First Federal Credit Union
Oct 1, 1992	A H P Employees Federal Credit Union	NY	Benchmark Federal Credit Union
Oct 1, 1992	Columbia Savings, a Federal Savings and Loan Association	CO	Granite Bank, Federal Savings Bank
Oct 1, 1992	Security Bank of Colorado	CO	First United Bank, National Association
Oct 1, 1992	Illinois Banc One Corporation	IL	Banc One Illinois Corporation
Oct 1, 1992	Florida Home Builders Association Credit Union	FL	Space Coast Credit Union
Oct 1, 1992	Kerite Employees Federal Credit Union	CT	Science Park Federal Credit Union
Oct 1, 1992	Woodford Investment Company	IL	HBT Financial, Inc.
Oct 1, 1992	United Missouri Safe Deposit Company	MO	UMB Bank, N.A.
Oct 1, 1992	Egco Federal Credit Union	NJ	Synergy Bank
Oct 1, 1992	First State Bancorporation, Inc.	WV	CB&T Clarksburg Corp.

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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