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 | Assets |
|---|---|---|
| Feb 28, 1992 | Irvington FSB | $43.8M |
| Feb 28, 1992 | Colony Savings Bank | $35.7M |
| Feb 28, 1992 | Alpha Indian Rock FS & La | $7.2M |
| Feb 27, 1992 | Columbia Bank | $17.0M |
| Feb 21, 1992 | Dollar DRY Dock Bank | $4.03B |
| Feb 21, 1992 | The Bank of Brandywine Valley | $44.9M |
| Feb 21, 1992 | National City Bank | $19.0M |
| Feb 14, 1992 | The Central Savings Bank | $369.1M |
| Feb 7, 1992 | United Savings of America, F.A. | $327.2M |
| Feb 7, 1992 | Merchants National Bank | $35.1M |
| Feb 7, 1992 | Kempton State Bank | $3.6M |
| Feb 6, 1992 | Landmark Bank of Forth Worth | $80.5M |
| Jan 31, 1992 | Pelican Homestead Sa | $1.28B |
| Jan 31, 1992 | Security FSA | $107.1M |
| Jan 31, 1992 | Sentinel Bank | $74.8M |
| Jan 31, 1992 | Fountain Bank | $15.6M |
| Jan 30, 1992 | Independence Bank | $535.8M |
| Jan 30, 1992 | Atlantic Trust Company | $21.2M |
| Jan 24, 1992 | Crossland Savings Bank, FSB | $7.43B |
| Jan 24, 1992 | Banco Nacional, N.A. | $52.1M |
| Jan 24, 1992 | Advanced FSB | $23.1M |
| Jan 24, 1992 | American National Bank of New York | $18.0M |
| Jan 23, 1992 | First State Bank | $16.5M |
| Jan 16, 1992 | The Bank of Verde Valley | $10.3M |
| Jan 10, 1992 | Perpetual Savings Bank | $2.89B |
| Jan 10, 1992 | Hansen FSA | $572.4M |
| Jan 10, 1992 | The Citizens Bank | $60.6M |
| Jan 10, 1992 | Hansen FSB | $51.8M |
| Jan 3, 1992 | Assured Thrift and Loan Association | $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 | Acquirer |
|---|---|---|
| Oct 1, 1992 | Bank of Mill Creek | Mountain Valley Bank, N.A. |
| Oct 1, 1992 | Gte Arkansas Employees Credit Union | Qualtrust Credit Union |
| Oct 1, 1992 | Butler Area Credit Union | Usx Federal Credit Union |
| Oct 1, 1992 | M&I Tri-County Bank | M&I Central Bank & Trust |
| Oct 1, 1992 | Contoocock Valley Federal Credit Union | Granite State Credit Union |
| Oct 1, 1992 | Papermakers Credit Union | Kalsee Credit Union |
| Oct 1, 1992 | RT & E Federal Credit Union | Texas Plains Federal Credit Union |
| Oct 1, 1992 | Conna Employees Credit Union | L&N Federal Credit Union |
| Oct 1, 1992 | Tcta Federal Credit Union | Educational Systems Federal Credit Union |
| Oct 1, 1992 | M B F Employees Credit Union | Greenstate Credit Union |
| Oct 1, 1992 | Holy Cross Federal Credit Union | Northern Kentucky Federal Credit Union |
| Oct 1, 1992 | Saint Francis Desales Akron Federal Credit Union | B F G Federal Credit Union |
| Oct 1, 1992 | Fleet Bank of New York, National Association | Fleet Bank |
| Oct 1, 1992 | Independent Credit Association Federal Credit Union | CPM Federal Credit Union |
| Oct 1, 1992 | Ameritrust Southeast National Association | Key Trust Company of Florida, N.A. |
| Oct 1, 1992 | First Federal Savings and Loan Association of Platteville | Clare Bank, N.A. |
| Oct 1, 1992 | Interbanc | Intercontinental Bank, National Association |
| Oct 1, 1992 | Associated Greyhound Employees Federal Credit Union | Peoples Advantage Federal Credit Union |
| Oct 1, 1992 | Santa Fe Wichita Credit Union | Wheat State Credit Union |
| Oct 1, 1992 | Anderson Industries Federal Credit Union | OmniAmerican Bank |
| Oct 1, 1992 | Durfee Attleboro Bank | South Shore Bank |
| Oct 1, 1992 | Livingston Federal Credit Union | California Bear Credit Union |
| Oct 1, 1992 | The Falmouth National Bank | South Shore Bank |
| Oct 1, 1992 | Westinghouse Blairsville Federal Credit Union | Kennametal Employees Federal Credit Union |
| Oct 1, 1992 | SMW Federal Credit Union | Delaware First Federal Credit Union |
| Oct 1, 1992 | Wheatbelt Credit Union | Golden Plains Credit Union |
| Oct 1, 1992 | Inter-County Savings Bank | Mid-Hudson Savings Bank FSB |
| Oct 1, 1992 | Charlottesville City Employees Federal Credit Union | University of Virginia Community Credit Union, Inc. |
| Oct 1, 1992 | Lennox Federal Credit Union | Lennox Employees Credit Union |
| Oct 1, 1992 | B V D Fcu | Formation Federal Credit Union |
| Oct 1, 1992 | Security Bank of Commerce | First of America Bank-Southeast Michigan, National Association |
| Oct 1, 1992 | (unnamed) | North Fork Bank |
| Sep 30, 1992 | Security Financial Banking & Savings Federal Savings Bank | First Bank, Federal Savings Bank |
| Sep 30, 1992 | First National Bank of Gun Barrel City | The First National Bank of Athens |
| Sep 30, 1992 | WCMH Federal Credit Union | Valor Federal Credit Union |
| Sep 30, 1992 | North Texas Central Credit Union | First Class American Credit Union |
| Sep 30, 1992 | Cottage Savings Association, F.A. | First Financial Savings Association, F.A. |
| Sep 30, 1992 | First Apache Bancshares, Inc. | First Bank of Apache |
| Sep 28, 1992 | Ameritrust Development Bank | KeyBank N.A. |
| Sep 26, 1992 | The Provident Institution for Savings in the Town of Boston | Fleet National Bank of Massachusetts |
| Sep 26, 1992 | Hub National Bank | Hudson United Bank |
| Sep 26, 1992 | Southern Bancshares, Inc. | Security Bancshares, Inc. |
| Sep 25, 1992 | Landmark Savings Association | National City Bank of Pennsylvania |
| Sep 25, 1992 | Summit Hill Trust Company | The Citizens National Bank |
| Sep 22, 1992 | Grasselli New Jersey Employee Federal Credit Union | Mid-State Federal Credit Union |
| Sep 21, 1992 | The First National Bank of Deport | Guaranty Bank & Trust, N.A. |
| Sep 21, 1992 | (unnamed) | Wauneta Falls Bank, National Association |
| Sep 19, 1992 | Standard Bank and Trust Company of Hickory Hills | Standard Bank and Trust Company |
| Sep 19, 1992 | First Peoples Bank of New Jersey | New Jersey National Bank |
| Sep 19, 1992 | Lawrence National Bank and Trust Co. | (unnamed) |
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 | Assets |
|---|---|---|
| Dec 10, 1992 | Citizens State Bank | $12.9M |
| Oct 16, 1992 | Freedom Bank | $20.9M |
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