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 |
|---|---|---|
| Aug 8, 1992 | First Federal Savings and Loan Association of Lenawee County | Standard Federal Bank |
| Aug 8, 1992 | The Laguna Bank, National Association | Orange National Bank |
| Aug 7, 1992 | Geneva Capital Corporation | Firstar Corporation of Wisconsin |
| Aug 7, 1992 | Peoples State Bank of Frazee | First Integrity Bank, N.A. |
| Aug 7, 1992 | Frazee Bancorporation, Inc. | First Integrity Bancorporation |
| Aug 6, 1992 | Jackson Township Credit Union | First Financial Federal Credit Union |
| Aug 5, 1992 | Singer & Associates, Inc. | Bankcentral Corporation |
| Aug 3, 1992 | Main Line Bancshares, Inc. | Keystone Financial, Inc. |
| Aug 3, 1992 | Security Bank of Bollinger County | Security Bank and Trust Company |
| Aug 1, 1992 | Olympic Savings Bank | KeyBank National Association |
| Aug 1, 1992 | Wells Fargo Capital Market, Inc. | Wells Fargo & Company |
| Aug 1, 1992 | State Bank of Burchard | FirstBank of Nebraska |
| Aug 1, 1992 | Sterling Bankshares, Inc. | Bank Management, Inc. |
| Aug 1, 1992 | Tony Lama Employees Credit Union | Golden Key Federal Credit Union |
| Aug 1, 1992 | Helena Railway Employees Federal Credit Union | Vocal Credit Union |
| Aug 1, 1992 | Burchard Bankshares, Inc. | Bank Management, Inc. |
| Aug 1, 1992 | Tioga County Empl Fcu | Tioga Area Federal Credit Union |
| Aug 1, 1992 | Cca - Stonmo Fcu | Georgia United Credit Union |
| Aug 1, 1992 | Mahco Credit Union, Inc. | Seven Seventeen Credit Union Inc |
| Aug 1, 1992 | Midway Chemical Employees Federal Credit Union | Archer Heights Credit Union |
| Aug 1, 1992 | The First National Bank of Cushing | The Hamilton National Bank |
| Aug 1, 1992 | Kenton Parish Credit Union, Inc. | Quest Federal Credit Union |
| Aug 1, 1992 | Farmers and Merchants Bank | Bank IV, National Association |
| Aug 1, 1992 | Exlanco, Inc. | First Southeast Missouri Bancorporation, Inc. |
| Aug 1, 1992 | Cleveland Federal Credit Union | Shelby Federal Credit Union |
| Aug 1, 1992 | Stansanco Credit Union | Altra Federal Credit Union |
| Aug 1, 1992 | Honfed, a Federal Savings Bank | Bank of America Federal Savings Bank |
| Aug 1, 1992 | The First National Bank of Bonham | The Hamilton National Bank |
| Aug 1, 1992 | Lyons N Y C Credit Union | Danville Bell Credit Union |
| Aug 1, 1992 | Bank of Sterling | FirstBank of Nebraska |
| Aug 1, 1992 | Rock-Winn Credit Union | Rockford Municipal Employees Credit Union |
| Aug 1, 1992 | Foster County Cooperative Federal Credit Union | Community Credit Union |
| Aug 1, 1992 | Ozarks National Bank | Bank Star One |
| Jul 31, 1992 | Marlborough Municipal Employees Federal Credit Union | Saint Mary's Credit Union |
| Jul 31, 1992 | First Midwest Bancshares, Inc. | South Central Bancshares, Inc. |
| Jul 31, 1992 | Bureau Credit Union | Topline Financial Credit Union |
| Jul 29, 1992 | First Community Bancshares | First Community Bancshares Corp. |
| Jul 27, 1992 | Thrift Savings and Loan Company | The Provident Bank |
| Jul 27, 1992 | Peoples Federal Savings and Loan Association | The Provident Bank of Kentucky |
| Jul 27, 1992 | Merit Savings Association | The Provident Bank |
| Jul 27, 1992 | Suburban Federal Savings and Loan Association | The Provident Bank of Kentucky |
| Jul 25, 1992 | Suburban Employees Federal Credit Union | Emery Federal Credit Union |
| Jul 25, 1992 | Cheltenham Township Employees Federal Credit Union | American Heritage Federal Credit Union |
| Jul 24, 1992 | First of America Bank-Wabash Valley | First of America Bank-Indiana |
| Jul 24, 1992 | Citizens Bank of Gibson County, National Association | The Citizens National Bank of Evansville |
| Jul 24, 1992 | Citizens Bank of Vincennes | The Citizens National Bank of Evansville |
| Jul 24, 1992 | Win Bancorp Incorporated | FB Corporation |
| Jul 24, 1992 | Citizens Bank of Posey County, National Association | The Citizens National Bank of Evansville |
| Jul 24, 1992 | The First National Bank of Pennsylvania | Marine Bank |
| Jul 24, 1992 | Mammoth Employees Credit Union | 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 | Assets |
|---|---|---|
| Dec 10, 1992 | Citizens State Bank | $12.9M |
| Oct 16, 1992 | Freedom Bank | $20.9M |
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