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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
May 29, 1992 Workingmen's Co-Operative Bank Boston, MA $223.7M First NB of Boston
May 29, 1992 North American Thrift and Loan Corona Del Mar, CA $21.3M —
May 22, 1992 Powder Mill Bank Morris Plains, NJ $49.6M Valley National Bank
May 21, 1992 First FSA Lewiston, ME $83.0M Kingfield SB
May 15, 1992 Malden Trust Company Malden, MA $225.2M Eastern Bank
May 8, 1992 Shenandoah FSA Martinsburg, WV $94.2M Blue Ridge Bank
May 8, 1992 Brookfield Bank Brookfield, CT $60.7M Bristol Federal Savings
May 7, 1992 Jackson Exchange Bank & Trust Co Jackson, MO $123.3M Boatmens NB Cape Girarde
May 7, 1992 First Exchange Bank of Cape Girardeau Cape Girardeau, MO $84.4M Commerce BK Poplar Bluff
May 7, 1992 First Exchange Bank of St. Louis St. Louis, MO $55.6M Magna BK St Louis Clayto
May 7, 1992 First Exchange Bank North St. Louis Florissant, MO $45.9M First Bank a Savings Ban
May 7, 1992 First Exchange Bank of Madison County Fredericktown, MO $34.8M Commerce BK St Francois
May 4, 1992 The Financial Center Bank, N.A. San Francisco, CA $225.2M —
May 1, 1992 Metropolitan Bank, N.A. Washington, DC $27.1M Adams National Bank
Apr 24, 1992 SouthState Bank for Savings Brockton, MA $285.9M Baybank
Apr 24, 1992 Shore Bank & Trust Co. Lynn, MA $183.2M Eastern Bank
Apr 24, 1992 First FSB of South Dakota Rapid City, SD $155.9M Metropolitan FB, FSB
Apr 24, 1992 The Norwalk Bank Norwalk, CT $80.6M Bank of Darien
Apr 24, 1992 First South SB Columbia, SC $57.0M Southtrust Bank of Charlest
Apr 24, 1992 Valley Commercial Bank Stockton, CA $30.8M Union Safe Deposit Bank
Apr 10, 1992 Valley FS & La Van Nuys, CA $2.00B American SB, F.A.
Apr 10, 1992 Security First FS & La Daytona Beach, FL $1.01B First Union NB of FL
Apr 10, 1992 Federal Sa of Virginia Falls Church, VA $31.5M Fairfax B&TC
Apr 9, 1992 Fairfield County Trust Company Stamford, CT $132.4M Chase Manhattan BK of CT
Apr 9, 1992 Red Bird Bank of Dallas Dallas, TX $38.6M Bank of the SW of Dallas
Apr 3, 1992 First State Sa Sedalia, MO $166.1M Mercantile Bank of Sedalia
Apr 3, 1992 The Bank of Beverly Hills Beverly Hills, CA $125.9M —
Apr 3, 1992 Summit National Bank Torrington, CT $91.4M American Bank of Connect
Apr 3, 1992 Commonwealth FSB Manassas, VA $72.5M Fairfax B&TC
Mar 31, 1992 First Community Bank of Cherokee Woodstock, GA $35.6M Etowah Bank
Mar 27, 1992 Flagler FS & La Miami, FL $1.60B First Union NB of FL
Mar 27, 1992 Vanguard Savings Bank Holyoke, MA $427.9M Fleet Bank of Ma N.A.
Mar 27, 1992 Placer Bank of Commerce Roseville, CA $34.8M American River Bank
Mar 26, 1992 Theodore Roosevelt National Bank Washington, DC $13.8M Industrial Bank of WA
Mar 26, 1992 American Bank of Commerce Oklahoma City, OK $13.5M Rockwell Bank National a
Mar 20, 1992 The Bank for Savings Malden, MA $398.0M Medford Savings Bank
Mar 20, 1992 United Mercantile B & T Co, N.A. Pasadena, CA $36.5M Onecentral Bank
Mar 19, 1992 Independence Bank Plano, TX $21.8M First Western National B
Mar 19, 1992 Southside National Bank Nacogdoches, TX $12.0M Fredonia State Bank
Mar 19, 1992 Farmers & Merchants Bank Tryon, OK $4.3M Union NB of Chandler
Mar 16, 1992 First Security Bank of Anaconda Anaconda, MT $31.6M Bank of Montana Anaconda
Mar 13, 1992 Broadway Bank Paterson, NJ $400.5M Hudson United Bank
Mar 13, 1992 First Ohio SB, FSB St. Bernard, OH $40.8M Patriot FSB
Mar 13, 1992 Carrolton Home New Orleans, LA $35.9M Liberty B&TC
Mar 12, 1992 Ukranian FS & La Philadelphia, PA $74.9M Branch sale
Mar 12, 1992 Progressive National Bank of Rayne Rayne, LA $11.4M St Landry Bank&trust Co
Mar 6, 1992 New Heritage Bank Lawrence, MA $99.8M First NB of Boston
Feb 28, 1992 Lemont FSA Lemont, IL $193.7M Branch sale
Feb 28, 1992 Mission Viejo National Bank Mission Viejo, CA $114.6M —
Feb 28, 1992 Vista FSA Reston, VA $113.2M Eastern American Bank, FSB

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 31, 1992 (unnamed) — Rabobank, N.A.
Dec 31, 1992 First Bank/Las Colinas TX First Bank Texas National Association
Dec 31, 1992 Century Bancshares, Inc. KS Team Financial, Inc.
Dec 31, 1992 Kentucky State Bank of Scottsville, Kentucky KY Trans Financial Bank, N.A.
Dec 31, 1992 First Carolina Bank & Trust Company NC Mid-South Bank and Trust Company
Dec 31, 1992 (unnamed) — The Bank of San Diego
Dec 31, 1992 Orange Federal Savings and Loan Association NC RBC Bank (USA)
Dec 31, 1992 Dawson Springs Bancorp, Inc. KY Trans Financial, Inc.
Dec 31, 1992 First Commercial Bancshares, Inc. AL Synovus Financial Corp. of Alabama
Dec 31, 1992 Security FS&LA Nashville TN Regions Bank of Tennessee
Dec 31, 1992 Fidelcor Business Service of N.J. NJ Fidelcor, Inc.
Dec 31, 1992 Keney Mutual Benefit Association Credit Union CT Kief Protective Mutual Benefit Assn Credit Union
Dec 31, 1992 (unnamed) — The Bank of San Diego
Dec 31, 1992 United Bank of Kansas, Inc. KS Fourth Financial Corporation
Dec 31, 1992 U.N.D.C. Credit Union UT San Juan Credit Union
Dec 31, 1992 Electrical WKRS No 136 Fcu AL Legacy Community Federal Credit Union
Dec 31, 1992 First National Bank, Martinsville IN First National Bank & Trust
Dec 31, 1992 Clinton Federal Savings and Loan Association IA Firstar National Bank
Dec 31, 1992 Li Holding Corporation NY Fleet New York, Inc.
Dec 31, 1992 Bank Shares Incorporated MN U.S. Bancorp
Dec 31, 1992 Commercial Bank of Dawson KY Trans Financial Bank, N.A.
Dec 31, 1992 The Peoples National Bank of Liberal KS Bank IV, National Association
Dec 31, 1992 Great Western Bank, a Savings Bank WA Great Western Bank, a Federal Savings Bank
Dec 30, 1992 Gte Sylvania Lycoming Area Fcu PA Horizon Federal Credit Union
Dec 30, 1992 Fourth National Corporation OK Fourth Financial Corporation
Dec 30, 1992 First Carrollton Bancshares, Inc. MO Carrollton Bancshares Corporation
Dec 29, 1992 First Charlotte Mortgage Company NC First Charlotte Bank and Trust Company
Dec 29, 1992 Tsi Graphics Credit Union MO Neighbors Credit Union
Dec 28, 1992 I.B.E.W. #449 Credit Union ID Connections Credit Union
Dec 23, 1992 Southwest Bank of Hickory County MO Southwest Bank
Dec 23, 1992 Southwest Bank, National Association MO Southwest Bank
Dec 23, 1992 First Western National Bank TX Compass Bank-Dallas
Dec 23, 1992 Southwest Bank of Buffalo MO Southwest Bank
Dec 22, 1992 Yankee Capital Corporation MA Baybanks, Inc.
Dec 21, 1992 Mooresville Savings Bank, a Federal Savings Bank IN First Indiana Bank, National Association
Dec 21, 1992 Self Reliance Kerhonkson Federal Credit Union NY Self Reliance Financial Federal Credit Union
Dec 21, 1992 First Trident Savings and Loan Corporation SC The National Bank of South Carolina
Dec 21, 1992 First Federal Savings and Loan Association of Rushville IN First Indiana Bank, National Association
Dec 19, 1992 Southtrust Bank of Tampa FL SouthTrust Bank of Florida, National Association
Dec 18, 1992 The Peoples Bank of Front Royal VA Jefferson National Bank
Dec 18, 1992 Heintz Employees Federal Credit Union PA Trumark Credit Union
Dec 17, 1992 McKeesport Postal Employees Credit Union PA Parkview Community Federal Credit Union
Dec 16, 1992 Pruett, Crane and Lucky's Credit Union TN Trust Federal Credit Union
Dec 16, 1992 American Charter Federal Savings and Loan Association NE First Bank, Federal Savings Bank
Dec 15, 1992 Ellis County Teachers Credit Union KS Farmers Credit Union
Dec 14, 1992 Harbor Country Banking Company MI Fifth Third Bank, Indiana
Dec 13, 1992 Deerbrook State Bank IL Devon Bank
Dec 12, 1992 First FS&LA GA First Liberty Bank
Dec 12, 1992 Ripley Ussco Federal Credit Union OH Members Trust Federal Credit Union
Dec 12, 1992 First Chicago Bank for Savings, F.S.B. IL Heritage Bank

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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