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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
Feb 28, 1992 Irvington FSB Glen Burnie, MD $43.8M Arundel FSB
Feb 28, 1992 Colony Savings Bank Wallingford, CT $35.7M New Haven Savings Bank
Feb 28, 1992 Alpha Indian Rock FS & La Philadelphia, PA $7.2M Roxborough-Manayunk
Feb 27, 1992 Columbia Bank Avondale, AZ $17.0M Valley NB of Arizona
Feb 21, 1992 Dollar DRY Dock Bank White Plains, NY $4.03B Emigrant Savings Bank
Feb 21, 1992 The Bank of Brandywine Valley West Chester, PA $44.9M Wilmington Trust Co
Feb 21, 1992 National City Bank Coral Springs, FL $19.0M Intercontinental Bank
Feb 14, 1992 The Central Savings Bank Lowell, MA $369.1M Massbank for Savings
Feb 7, 1992 United Savings of America, F.A. Melbourne, FL $327.2M Barnett Bank of Central FL
Feb 7, 1992 Merchants National Bank Fort Myers, FL $35.1M Founders National Trust
Feb 7, 1992 Kempton State Bank Kempton, IL $3.6M Vermilion Valley Bank
Feb 6, 1992 Landmark Bank of Forth Worth Fort Worth, TX $80.5M Central Bank&trust
Jan 31, 1992 Pelican Homestead Sa Metairie, LA $1.28B First Commerce Corp.
Jan 31, 1992 Security FSA Panama City, FL $107.1M Branch sale
Jan 31, 1992 Sentinel Bank Hartford, CT $74.8M Society for Savings
Jan 31, 1992 Fountain Bank Scottsdale, AZ $15.6M Bank of Arizona
Jan 30, 1992 Independence Bank Los Angeles, CA $535.8M —
Jan 30, 1992 Atlantic Trust Company Newington, NH $21.2M Fleet Bank-NH
Jan 24, 1992 Crossland Savings Bank, FSB Brooklyn, NY $7.43B Public stock sale
Jan 24, 1992 Banco Nacional, N.A. San Juan, PR $52.1M Eurobank&trust Co
Jan 24, 1992 Advanced FSB Northridge, CA $23.1M Deposit payout
Jan 24, 1992 American National Bank of New York Fleischmanns, NY $18.0M —
Jan 23, 1992 First State Bank Bangs, TX $16.5M Texas Bank
Jan 16, 1992 The Bank of Verde Valley Cottonwood, AZ $10.3M Stockmens Bank
Jan 10, 1992 Perpetual Savings Bank Vienna, VA $2.89B Crestar Bank
Jan 10, 1992 Hansen FSA Hammonton, NJ $572.4M Collective FSB
Jan 10, 1992 The Citizens Bank Dallas, GA $60.6M First NB of Paulding Cou
Jan 10, 1992 Hansen FSB Palm Beach Garden, FL $51.8M Fidelity FSB of FL
Jan 3, 1992 Assured Thrift and Loan Association Stockton, CA $48.2M —

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
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 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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