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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 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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