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
Aug 8, 1992	First Federal Savings and Loan Association of Lenawee County	MI	Standard Federal Bank
Aug 8, 1992	The Laguna Bank, National Association	CA	Orange National Bank
Aug 7, 1992	Geneva Capital Corporation	WI	Firstar Corporation of Wisconsin
Aug 7, 1992	Peoples State Bank of Frazee	MN	First Integrity Bank, N.A.
Aug 7, 1992	Frazee Bancorporation, Inc.	MN	First Integrity Bancorporation
Aug 6, 1992	Jackson Township Credit Union	NJ	First Financial Federal Credit Union
Aug 5, 1992	Singer & Associates, Inc.	IL	Bankcentral Corporation
Aug 3, 1992	Main Line Bancshares, Inc.	PA	Keystone Financial, Inc.
Aug 3, 1992	Security Bank of Bollinger County	MO	Security Bank and Trust Company
Aug 1, 1992	Olympic Savings Bank	WA	KeyBank National Association
Aug 1, 1992	Wells Fargo Capital Market, Inc.	CA	Wells Fargo & Company
Aug 1, 1992	State Bank of Burchard	NE	FirstBank of Nebraska
Aug 1, 1992	Sterling Bankshares, Inc.	NE	Bank Management, Inc.
Aug 1, 1992	Tony Lama Employees Credit Union	TX	Golden Key Federal Credit Union
Aug 1, 1992	Helena Railway Employees Federal Credit Union	MT	Vocal Credit Union
Aug 1, 1992	Burchard Bankshares, Inc.	NE	Bank Management, Inc.
Aug 1, 1992	Tioga County Empl Fcu	PA	Tioga Area Federal Credit Union
Aug 1, 1992	Cca - Stonmo Fcu	GA	Georgia United Credit Union
Aug 1, 1992	Mahco Credit Union, Inc.	OH	Seven Seventeen Credit Union Inc
Aug 1, 1992	Midway Chemical Employees Federal Credit Union	IL	Archer Heights Credit Union
Aug 1, 1992	The First National Bank of Cushing	TX	The Hamilton National Bank
Aug 1, 1992	Kenton Parish Credit Union, Inc.	OH	Quest Federal Credit Union
Aug 1, 1992	Farmers and Merchants Bank	KS	Bank IV, National Association
Aug 1, 1992	Exlanco, Inc.	MO	First Southeast Missouri Bancorporation, Inc.
Aug 1, 1992	Cleveland Federal Credit Union	MS	Shelby Federal Credit Union
Aug 1, 1992	Stansanco Credit Union	KY	Altra Federal Credit Union
Aug 1, 1992	Honfed, a Federal Savings Bank	HI	Bank of America Federal Savings Bank
Aug 1, 1992	The First National Bank of Bonham	TX	The Hamilton National Bank
Aug 1, 1992	Lyons N Y C Credit Union	IL	Danville Bell Credit Union
Aug 1, 1992	Bank of Sterling	NE	FirstBank of Nebraska
Aug 1, 1992	Rock-Winn Credit Union	IL	Rockford Municipal Employees Credit Union
Aug 1, 1992	Foster County Cooperative Federal Credit Union	ND	Community Credit Union
Aug 1, 1992	Ozarks National Bank	MO	Bank Star One
Jul 31, 1992	Marlborough Municipal Employees Federal Credit Union	MA	Saint Mary's Credit Union
Jul 31, 1992	First Midwest Bancshares, Inc.	KY	South Central Bancshares, Inc.
Jul 31, 1992	Bureau Credit Union	MN	Topline Financial Credit Union
Jul 29, 1992	First Community Bancshares	IL	First Community Bancshares Corp.
Jul 27, 1992	Thrift Savings and Loan Company	OH	The Provident Bank
Jul 27, 1992	Peoples Federal Savings and Loan Association	KY	The Provident Bank of Kentucky
Jul 27, 1992	Merit Savings Association	OH	The Provident Bank
Jul 27, 1992	Suburban Federal Savings and Loan Association	KY	The Provident Bank of Kentucky
Jul 25, 1992	Suburban Employees Federal Credit Union	NJ	Emery Federal Credit Union
Jul 25, 1992	Cheltenham Township Employees Federal Credit Union	PA	American Heritage Federal Credit Union
Jul 24, 1992	First of America Bank-Wabash Valley	IN	First of America Bank-Indiana
Jul 24, 1992	Citizens Bank of Gibson County, National Association	IN	The Citizens National Bank of Evansville
Jul 24, 1992	Citizens Bank of Vincennes	IN	The Citizens National Bank of Evansville
Jul 24, 1992	Win Bancorp Incorporated	IL	FB Corporation
Jul 24, 1992	Citizens Bank of Posey County, National Association	IN	The Citizens National Bank of Evansville
Jul 24, 1992	The First National Bank of Pennsylvania	PA	Marine Bank
Jul 24, 1992	Mammoth Employees Credit Union	KY	Transcend Credit Union

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

Browse adjacent years: 1991 · 1993

Or jump to a category: Failures · Mergers · Enforcement · Assistance