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
Dec 18, 1992	The Rushville National Bank	Rushville, IN	$41.6M	Peoples Trust Co
Dec 18, 1992	The Bremen State Bank	Bremen, KS	$2.7M	—
Dec 11, 1992	Meritor Savings Bank	Philadelphia, PA	$4.13B	Mellon Bank National Ass
Dec 11, 1992	Eastland Savings Bank	Woonsocket, RI	$515.3M	Fleet National Bank
Dec 11, 1992	Eastland Bank	Woonsocket, RI	$85.4M	Fleet National Bank
Dec 11, 1992	Sailors & Merchants B&T Co.	Vienna, VA	$34.8M	First Union Bank of Virg
Dec 8, 1992	Palm Beach FSA	Palm Beach Garden, FL	$59.4M	Southbank, a FSB
Dec 4, 1992	Carteret FSB	Madison, NJ	$4.83B	Branch sale
Dec 4, 1992	Second National, FSB	Salisbury, MD	$1.57B	Branch sale
Dec 4, 1992	Heritage Bank for Savings	Holyoke, MA	$1.29B	Fleet Bank of Ma N.A.
Dec 4, 1992	Security Federal	Vineland, NJ	$1.19B	Meridian Bank, NJ
Dec 4, 1992	Burritt Interfinancial Bancorporation	New Britain, CT	$523.9M	Derby Savings Bank
Dec 4, 1992	Huntington Pacific Thrift & Loan	Huntington, CA	$40.5M	—
Nov 20, 1992	The Merchants Bank	Kansas City, MO	$1.45B	Boatmen's First NB of KC
Nov 20, 1992	Polifly FS & La	New Milford, NJ	$458.0M	Branch sale
Nov 20, 1992	Irving FB for Savings	Chicago, IL	$247.0M	Branch sale
Nov 20, 1992	Crestline FS & La	Crestline, OH	$27.5M	Premier B&T
Nov 13, 1992	First New York Bank for Business	New York, NY	$530.7M	Merchants Bank of New Yo
Nov 13, 1992	Metro North State Bank	Kansas City, MO	$472.5M	Boatmen's First NB of KC
Nov 13, 1992	Guaranty-First Trust Company	Waltham, MA	$353.2M	Fleet Bank of Ma N.A.
Nov 13, 1992	The Overland Park FS & La	Overland Park, KS	$213.4M	Conservative SB, FSB
Nov 13, 1992	Investors Bank and Trust Company	Gretna, LA	$51.6M	Delta Bank&trust Co
Nov 13, 1992	Statewide Thrift and Loan Co.	Redwood City, CA	$9.6M	Fireside Thrift Co
Nov 6, 1992	First FSB of Georgia, F.A.	Winder, GA	$108.2M	Branch sale
Nov 6, 1992	Greenwood Bank of Bethel, Inc.	Bethel, CT	$33.3M	Union SB of Danbury
Oct 30, 1992	First City, Texas - Houston, N.A.	Houston, TX	$2.80B	Texas Commerce Bancshares
Oct 30, 1992	First City, Texas - Dallas, N.A.	Dallas, TX	$1.36B	Texas Commerce Bancshares
Oct 30, 1992	Homestead FSA	San Francisco, CA	$1.31B	Branch sale
Oct 30, 1992	First City, Texas - Beaumont, N.A.	Beaumont, TX	$532.2M	Texas Commerce Bancshares
Oct 30, 1992	First City, Texas - Corpus Chris	Corpus Christi, TX	$462.8M	Mercantile Bank, N.A.
Oct 30, 1992	First City, Texas - El Paso, N.A.	El Paso, TX	$395.9M	Sunwest Bank of El Paso
Oct 30, 1992	First City, Texas - Austin, N.A.	Austin, TX	$345.5M	The Frost National Bank
Oct 30, 1992	First City, Texas - Bryan, N.A.	Bryan, TX	$340.2M	Victoria Bank and Trust
Oct 30, 1992	First City, Texas - Midland, N.A.	Midland, TX	$313.1M	Texas Commerce Bancshares
Oct 30, 1992	First City, Texas - San Antonio	San Antonio, TX	$265.7M	The Frost National Bank
Oct 30, 1992	First City, Texas - Tyler, N.A.	Tyler, TX	$259.2M	First Commercial Corporatio
Oct 30, 1992	First City, Texas - Lufkin, N.A.	Lufkin, TX	$156.6M	First Commercial Corporatio
Oct 30, 1992	First City, Texas - San Angelo,	San Angelo, TX	$142.8M	First National Bank of West
Oct 30, 1992	First City, Texas - Orange, N.A.	Orange, TX	$132.0M	First Heights Bank, FSB
Oct 30, 1992	First City, Texas - Alice, N.A.	Alice, TX	$128.0M	Alice Bank of Texas
Oct 30, 1992	First City, Texas - Madisonville	Madisonville, TX	$123.4M	Madisonville State Bank
Oct 30, 1992	First City, Texas - Lake Jackson	Lake Jackson, TX	$104.3M	First Heights Bank, FSB
Oct 30, 1992	First City, Texas - Graham, N.A.	Graham, TX	$95.4M	First National Bank of Olne
Oct 30, 1992	First City, Texas - Sour Lake	Sour Lake, TX	$53.5M	Citizens Bank
Oct 30, 1992	First City, Texas - Aransas Pass	Aransas Pass, TX	$51.7M	Corpus Christi National Ban
Oct 30, 1992	First City, Texas - Kountze, N.A.	Kountze, TX	$51.3M	Citizens Bank
Oct 21, 1992	Standard FSB	Gaithersburg, MD	$1.72B	Branch sale
Oct 16, 1992	Security FS & La	Jackson, MS	$276.5M	Branch sale
Oct 16, 1992	Universal Bank	Lanham, MD	$18.0M	—
Oct 9, 1992	Peidmont FSA	Manassas, VA	$444.6M	Crestar Bank

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
Jul 23, 1992	Paradise Finance, Incorporated	HI	Finance Factors, Limited
Jul 20, 1992	Peoples Federal Savings Bank of Thomasville	NC	Truist Bank
Jul 18, 1992	TN Pride Empl Cu	TN	Old Hickory Credit Union
Jul 18, 1992	(unnamed)	—	Boatmen's Bank of Southern Missouri
Jul 18, 1992	Boatmen's National Bank of Cassville	MO	Boatmen's Bank of Southern Missouri
Jul 18, 1992	First Chicago Bank of Ravenswood	IL	Bank One, National Association
Jul 17, 1992	Cornat, Incorporated	KY	Whitaker Bank Corporation of Kentucky
Jul 17, 1992	Stockham Fcu	AL	Secure First Credit Union
Jul 17, 1992	American Bank of Franklin County	MO	Mercantile Bank of Central Missouri
Jul 17, 1992	First of America Bank - Plymouth, National Association	MI	First of America Bank-Ann Arbor
Jul 16, 1992	Piedmont State Bank	NC	Bankers Trust of North Carolina
Jul 16, 1992	Bank of Oklahoma, National Association, South	OK	BOKF, N.A.
Jul 15, 1992	PHP Credit Association Credit Union	GA	Atlantic Coast Bank
Jul 13, 1992	First FS&LA of Gi	TN	First American Federal Savings and Loan Association
Jul 13, 1992	AmeriTrust Company National Association	OH	KeyBank N.A.
Jul 11, 1992	First Trust Company of York	NE	Cornerstone Bank
Jul 11, 1992	Northern Federal Savings Bank	IL	Deerfield Federal Savings and Loan Association
Jul 10, 1992	Affiliated National Bank - Craig	CO	Bank One, Western Colorado, National Association
Jul 10, 1992	Affiliated National Bank - Delta	CO	Bank One, Western Colorado, National Association
Jul 10, 1992	Affiliated National Bank - Center	CO	Bank One, Western Colorado, National Association
Jul 10, 1992	Affiliated National Bank - Fort Collins	CO	Bank One, Fort Collins/Loveland, National Association
Jul 10, 1992	Affiliated National Bank - Montrose	CO	Bank One, Western Colorado, National Association
Jul 10, 1992	Affiliated National Bank - Fruita	CO	Bank One, Western Colorado, National Association
Jul 2, 1992	Colonial Bank and Trust Co. of Bureau County	IL	Citizens First National Bank
Jul 2, 1992	Gao Employees Federal Credit Union	DC	United States Senate Federal Credit Union
Jul 1, 1992	First Gibraltar Bank, a Federal Savings Bank San Antonio	TX	California Federal Bank
Jul 1, 1992	Rock Tenn County Employees Credit Union	GA	Associated Credit Union
Jul 1, 1992	Illinois Valley Bancshares, Inc.	IL	Princeton National Bancorp, Inc.
Jul 1, 1992	Southeastern Bancshares, Inc.	TN	Southeastern Bancshares, Inc.
Jul 1, 1992	Arkansas Union Bankshares, Inc.	AR	Union Bancshares of Benton, Inc.
Jul 1, 1992	First Petersburg Bancshares, Inc.	IL	First of America Bank Corporation
Jul 1, 1992	First Hanover Bancorp, Inc.	IL	Prairie Acquisition Corporation
Jul 1, 1992	Summcorp	IN	NBD Indiana, Inc.
Jul 1, 1992	Quad County Bancshares, Inc.	MO	Missouri Quad Bancshares, Inc.
Jul 1, 1992	Aquinas College Credit Union	MI	Lake Michigan Credit Union
Jul 1, 1992	Decatur Saint Marys Credit Union	IL	Citizens Equity First Credit Union
Jul 1, 1992	American Bancorp of Ponca City, Inc.	OK	HNB Corporation
Jul 1, 1992	WNCC Methodist Credit Union	NC	Summit Credit Union
Jul 1, 1992	Muskegon Piston Ring Employees Credit Union	MI	Port City Federal Credit Union
Jul 1, 1992	Five Thirty Nine Federal Credit Union	CO	West Denver Community Credit Union
Jul 1, 1992	Endicott Trust Company	NY	Manufacturers and Traders Trust Company
Jul 1, 1992	Fidelity Mutual Savings & Loan Association	NJ	First Home Savings Bank, FSB
Jul 1, 1992	Central Trust Company	NY	Manufacturers and Traders Trust Company
Jul 1, 1992	Grand Federal Credit Union	VA	Kemba Roanoke Federal Credit Union
Jul 1, 1992	Guilford County Employees Credit Union	NC	Summit Credit Union
Jul 1, 1992	Duckworth Employees Federal Credit Union	MA	Agawam Federal Credit Union
Jul 1, 1992	The First National Bank of Petersburg	IL	First of America Bank - Springfield, National Association
Jul 1, 1992	Associates National Bank	CA	Associates National Bank (Delaware)
Jul 1, 1992	Bankers First Savings Bank, F.S.B.	GA	Bankers First Savings Bank, FSB
Jul 1, 1992	Fairview Federal Savings and Loan Association	MD	The Columbia 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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