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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
Oct 2, 1992 The Howard Savings Bank Newark, NJ $3.46B First Fidelity Bank Na N
Oct 2, 1992 First Constitution Bank New Haven, CT $1.57B First Federal Bank a FSB
Oct 2, 1992 Eastwest Bank, N.A. Kihei, HI $3.8M First Hawaiian Bank
Sep 25, 1992 Hometown Bank Edison, NJ $25.2M Somerset Trust Co
Sep 25, 1992 Highlands Community Bank, N.A. Clinton Township, NJ $19.7M Somerset Trust Co
Sep 24, 1992 First Exchange Bank of Little Rock Little Rock, AR $24.7M First Commercial Bank N.A.
Sep 18, 1992 Plymouth Five Cents Savings Bank Plymouth, MA $221.0M Citizens Bank of MA
Sep 18, 1992 The Washington Bank Fairfax County, VA $28.1M George Mason Bank
Sep 10, 1992 The First National Bank of Yorktown Yorktown, TX $34.4M Citizens Bank
Aug 28, 1992 The Union Savings Bank Patchogue, NY $491.1M Home Federal Savings Ban
Aug 28, 1992 Seacoast Savings Bank Dover, NH $84.8M First S&LA of New Hampsh
Aug 28, 1992 Potomac FSB Silver Spring, MD $72.3M Maryland FS&LA
Aug 21, 1992 Attleboro Pawtucket SB Pawtucket, MA $632.5M New Bedford Inst for SVG
Aug 21, 1992 Birmingham FSB Birmingham, AL $91.8M First Commercial Bank
Aug 14, 1992 Winchendon Savings Bank Winchendon, MA $65.2M Athol Savings Bank
Aug 7, 1992 Citadel FS & La Charleston, SC $39.0M Carolina First Bank
Aug 7, 1992 Foxworth Bank Foxworth, MS $36.5M Trustmark National Bank
Jul 31, 1992 Massachusetts Bank & Trust Co. Brockton, MA $61.8M Haymarket Coop Bank
Jul 24, 1992 First Russell County Phenix City, AL $87.0M Branch sale
Jul 23, 1992 First National Bank of Texas Webster, TX $92.1M First Prosperity Bank
Jul 17, 1992 New England FSA Wellesley, MA $137.3M Cambridgeport Bank
Jul 17, 1992 Liberty FSB Warrenton, VA $92.0M Jefferson NB
Jul 17, 1992 State Bank of Springfield Springfield, MN $30.3M Southwest State Bank
Jul 10, 1992 Transohio, FSB Cleveland, OH $3.37B Branch sale
Jul 10, 1992 Home FSB Norfolk, VA $224.2M Home SB, FSB
Jul 10, 1992 Southern FSA of Georgia Atlanta, GA $160.0M Branch sale
Jul 6, 1992 Homefed Bank, F.A. San Diego, CA $12.18B Branch sale
Jun 26, 1992 Jacksonville FSA Jacksonville, FL $150.9M First Union NB of FL
Jun 26, 1992 Olympic International Bank & Trust Boston, MA $140.3M Haymarket Coop Bank
Jun 26, 1992 The Somersworth Bank Somersworth, NH $114.1M New Dartmouth Bank
Jun 26, 1992 Vernon Bank Vernon, CT $34.3M Bank of South Windsor
Jun 25, 1992 American National Bank - Post Oak Houston, TX $24.7M First Prosperity Bank
Jun 25, 1992 Castle Hills National Bank San Antonio, TX $13.8M International BK of Com
Jun 19, 1992 Coastal FSB New London, CT $238.2M Branch sale
Jun 19, 1992 First Home FSA Pittsburgh, PA $131.7M First Home FSB, FSB
Jun 19, 1992 First Newport FSB Newport Beach, CA $35.0M Sterling B&T, FSB
Jun 12, 1992 American Savings Bank White Plains, NY $3.20B First Fidelity Bank Na N
Jun 12, 1992 Columbia Banking Fed. Rochester, NY $1.28B Branch sale
Jun 12, 1992 Riverhead Savings Bank Riverhead, NY $388.8M Bank of New York
Jun 12, 1992 San Clemente FSB San Clemente, CA $220.4M Household Bank, FSB
Jun 12, 1992 Cherokee Valley FSA Cleveland, TN $142.5M Branch sale
Jun 12, 1992 Landmark Bank for Savings Whitman, MA $62.1M Abington Savings Bank
Jun 12, 1992 American Interstate Bank Newport Beach, CA $42.0M Marine National Bank
Jun 5, 1992 First American FSB Greensboro, NC $804.3M Centura Bank
Jun 5, 1992 Republic FSB Matteson, IL $290.3M Regency SB, FSB
Jun 5, 1992 Cooper River, FSA North Charleston, SC $228.9M First Citizens B&TC of SC
Jun 5, 1992 Volunteer FSA Little Ferry, NJ $51.2M Interchange State Bank
Jun 4, 1992 Home Unity Federal Lafayette Hill, PA $684.8M Branch sale
Jun 4, 1992 Mayfair Bank Chicago, IL $32.2M Foster Bank
Jun 4, 1992 The Home State Bank Longton, KS $4.2M —

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
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 8, 1992 OCC_OTS Executive Banc Savings Association, F.A. Orders of Removal/Prohibition: J. C. Stolte
Apr 8, 1992 OCC_OTS Davy Crockett Federal Savings & Loan Association Orders of Removal/Prohibition: Oliver P. Bass
Apr 8, 1992 OCC_OTS Great American Group, LLC Orders of Removal/Prohibition: William E. Searcy
Apr 8, 1992 OCC_OTS Key Florida Bancorp, Inc. Supervisory Agreement: Key Florida Bank, F.S.B.
Apr 8, 1992 OCC Falcon Bancshares Incorporated C&D or PC&D Requiring Restitution: Arechiga, Jaime
Apr 8, 1992 OCC Falcon Bancshares Incorporated C&D or PC&D Requiring Restitution: Bruni, Louis H.
Apr 8, 1992 OCC Falcon Bancshares Incorporated C&D or PC&D Requiring Restitution: Cortez, David R.
Apr 8, 1992 OCC Falcon Bancshares Incorporated C&D or PC&D Requiring Restitution: Dodier, Jose A.
Apr 8, 1992 OCC Falcon Bancshares Incorporated C&D or PC&D Requiring Restitution: Gonzalez, Jorge
Apr 8, 1992 OCC Falcon Bancshares Incorporated Civil Money Penalty (CMP): Arechiga, Jaime
Apr 7, 1992 OCC_OTS Danielson Federal Savings and Loan Association Cease and Desist: Danielson Federal Savings and Loan Association
Apr 7, 1992 OCC The First National Bank Civil Money Penalty (CMP): Szesny, James A.
Apr 7, 1992 OCC The First National Bank Prohibition/Removal Orders: Szesny, James A.
Apr 7, 1992 OCC First National Community Bank Formal Agreement: The First National Bank Of Chatsworth
Apr 7, 1992 OCC_OTS (individual) Supervisory Agreement: West Loop Savings and Loan Associaiton
Apr 6, 1992 FRB Connecticut Bancorp, Inc. Written Agreement: Connecticut Bancorp, Inc., Norwalk, CT
Apr 6, 1992 OCC_OTS Brattleboro Savings & Loan Association Orders of Removal/Prohibition: Robert E. Schrull
Apr 3, 1992 FRB Bank South Corporation Written Agreement: Bank South Corporation, Atlanta, GA
Apr 3, 1992 OCC_OTS Home Federal Savings and Loan Association of Grand Island Civil Money Penalty: Clayton C. Meyer
Apr 2, 1992 OCC_OTS First City Corporation Orders of Removal/Prohibition: Billy Bob Williams
Apr 2, 1992 OCC_OTS Wayne Bancorp, Inc. Supervisory Agreement: Wayne Savings and Loan Company
Apr 2, 1992 OCC_OTS First City Corporation Orders of Removal/Prohibition: Steve Williams
Apr 2, 1992 OCC (individual) Civil Money Penalty (CMP): First National Bank
Apr 2, 1992 OCC_OTS Vermont Federal Bank, FSB Orders of Removal/Prohibition: Stevenson H. Waltien
Apr 1, 1992 OCC First National Agency, Inc. of Cold Spring Formal Agreement: The First National Bank Of Cold Spring
Apr 1, 1992 FRB Security Bank Corporation Written Agreement: Security Bank Corporation, Manassas, VA
Apr 1, 1992 FRB First Interstate Bank International Prohibition from Banking: Monica Raful
Apr 1, 1992 OCC_OTS Columbia First Bank, a Federal Savings Bank Cease and Desist: Don Henderson
Apr 1, 1992 OCC Citizens National Bank Civil Money Penalty (CMP): Fritz, Ronald
Mar 31, 1992 FRB The Farmers National Bank of Cynthiana Written Agreement: Farmers National Bancorp of Cynthiana, Inc., Cynthiana, KY
Mar 31, 1992 OCC_OTS Custer Federal State Bank Supervisory Agreement: Custer Federal Savings and Loan Association
Mar 31, 1992 OCC_OTS The Adirondack Trust Company Supervisory Agreement: Adirondack Bank, FSB
Mar 30, 1992 OCC American Bank and Trust Company Civil Money Penalty (CMP): Lanier, Jerry L.
Mar 30, 1992 OCC First National Bank of West Des Moines Formal Agreement: First National Bank Of West Des Moines
Mar 27, 1992 FRB (individual) Prohibition from Banking: James N. Heath, II
Mar 27, 1992 OCC_OTS St Paul Federal Bank for Savings Orders of Removal/Prohibition: C. Robert Nicolls
Mar 27, 1992 OCC The First National Bank of Nashwauk Civil Money Penalty (CMP): Latvala, Herbert L.
Mar 27, 1992 OCC_OTS (individual) Supervisory Agreement: Second National Federal Savings Bank
Mar 27, 1992 OCC First National Corporation Formal Agreement: First National Bank
Mar 27, 1992 OCC_OTS First Virgin Islands FSB Cease and Desist: Charlotte Amalie
Mar 26, 1992 OCC Penn Central National Bank Formal Agreement: Penn Central National Bank
Mar 26, 1992 FRB Bank of Adairsville Written Agreement: Bank of Adairsville, Adairsville, GA
Mar 26, 1992 OCC_OTS First Savings and Loan Association Supervisory Agreement: First Savings and Loan Association
Mar 25, 1992 OCC National Bank of Long Beach Formal Agreement: National Bank Of Long Beach
Mar 25, 1992 OCC Culver National Bank Formal Agreement: Culver National Bank
Mar 24, 1992 OCC Barbary Coast National Bank Formal Agreement: Barbary Coast National Bank
Mar 24, 1992 OCC (individual) Formal Agreement: The Peoples National Bank of Lebanon
Mar 23, 1992 FRB (individual) Civil Money Penalty $50,000: Bank of Seoul, Seoul, Korea and Bank of Seoul, Los …
Mar 23, 1992 FRB (individual) Cease and Desist Order: Bank of Seoul, Seoul, Korea, Bank of Seoul, Los Angeles, …
Mar 23, 1992 FRB Farmers and Merchants Bank of Long Beach Cease and Desist Order: Farmers and Merchants Bank of Long Beach, Long Beach, CA

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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