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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
Oct 2, 1992 The Howard Savings Bank Newark, NJ $3.46B First Fidelity Bank Na N
Oct 2, 1992 First Constitution Bank New Haven, CT $1.57B First Federal Bank a FSB
Oct 2, 1992 Eastwest Bank, N.A. Kihei, HI $3.8M First Hawaiian Bank
Sep 25, 1992 Hometown Bank Edison, NJ $25.2M Somerset Trust Co
Sep 25, 1992 Highlands Community Bank, N.A. Clinton Township, NJ $19.7M Somerset Trust Co
Sep 24, 1992 First Exchange Bank of Little Rock Little Rock, AR $24.7M First Commercial Bank N.A.
Sep 18, 1992 Plymouth Five Cents Savings Bank Plymouth, MA $221.0M Citizens Bank of MA
Sep 18, 1992 The Washington Bank Fairfax County, VA $28.1M George Mason Bank
Sep 10, 1992 The First National Bank of Yorktown Yorktown, TX $34.4M Citizens Bank
Aug 28, 1992 The Union Savings Bank Patchogue, NY $491.1M Home Federal Savings Ban
Aug 28, 1992 Seacoast Savings Bank Dover, NH $84.8M First S&LA of New Hampsh
Aug 28, 1992 Potomac FSB Silver Spring, MD $72.3M Maryland FS&LA
Aug 21, 1992 Attleboro Pawtucket SB Pawtucket, MA $632.5M New Bedford Inst for SVG
Aug 21, 1992 Birmingham FSB Birmingham, AL $91.8M First Commercial Bank
Aug 14, 1992 Winchendon Savings Bank Winchendon, MA $65.2M Athol Savings Bank
Aug 7, 1992 Citadel FS & La Charleston, SC $39.0M Carolina First Bank
Aug 7, 1992 Foxworth Bank Foxworth, MS $36.5M Trustmark National Bank
Jul 31, 1992 Massachusetts Bank & Trust Co. Brockton, MA $61.8M Haymarket Coop Bank
Jul 24, 1992 First Russell County Phenix City, AL $87.0M Branch sale
Jul 23, 1992 First National Bank of Texas Webster, TX $92.1M First Prosperity Bank
Jul 17, 1992 New England FSA Wellesley, MA $137.3M Cambridgeport Bank
Jul 17, 1992 Liberty FSB Warrenton, VA $92.0M Jefferson NB
Jul 17, 1992 State Bank of Springfield Springfield, MN $30.3M Southwest State Bank
Jul 10, 1992 Transohio, FSB Cleveland, OH $3.37B Branch sale
Jul 10, 1992 Home FSB Norfolk, VA $224.2M Home SB, FSB
Jul 10, 1992 Southern FSA of Georgia Atlanta, GA $160.0M Branch sale
Jul 6, 1992 Homefed Bank, F.A. San Diego, CA $12.18B Branch sale
Jun 26, 1992 Jacksonville FSA Jacksonville, FL $150.9M First Union NB of FL
Jun 26, 1992 Olympic International Bank & Trust Boston, MA $140.3M Haymarket Coop Bank
Jun 26, 1992 The Somersworth Bank Somersworth, NH $114.1M New Dartmouth Bank
Jun 26, 1992 Vernon Bank Vernon, CT $34.3M Bank of South Windsor
Jun 25, 1992 American National Bank - Post Oak Houston, TX $24.7M First Prosperity Bank
Jun 25, 1992 Castle Hills National Bank San Antonio, TX $13.8M International BK of Com
Jun 19, 1992 Coastal FSB New London, CT $238.2M Branch sale
Jun 19, 1992 First Home FSA Pittsburgh, PA $131.7M First Home FSB, FSB
Jun 19, 1992 First Newport FSB Newport Beach, CA $35.0M Sterling B&T, FSB
Jun 12, 1992 American Savings Bank White Plains, NY $3.20B First Fidelity Bank Na N
Jun 12, 1992 Columbia Banking Fed. Rochester, NY $1.28B Branch sale
Jun 12, 1992 Riverhead Savings Bank Riverhead, NY $388.8M Bank of New York
Jun 12, 1992 San Clemente FSB San Clemente, CA $220.4M Household Bank, FSB
Jun 12, 1992 Cherokee Valley FSA Cleveland, TN $142.5M Branch sale
Jun 12, 1992 Landmark Bank for Savings Whitman, MA $62.1M Abington Savings Bank
Jun 12, 1992 American Interstate Bank Newport Beach, CA $42.0M Marine National Bank
Jun 5, 1992 First American FSB Greensboro, NC $804.3M Centura Bank
Jun 5, 1992 Republic FSB Matteson, IL $290.3M Regency SB, FSB
Jun 5, 1992 Cooper River, FSA North Charleston, SC $228.9M First Citizens B&TC of SC
Jun 5, 1992 Volunteer FSA Little Ferry, NJ $51.2M Interchange State Bank
Jun 4, 1992 Home Unity Federal Lafayette Hill, PA $684.8M Branch sale
Jun 4, 1992 Mayfair Bank Chicago, IL $32.2M Foster Bank
Jun 4, 1992 The Home State Bank Longton, KS $4.2M —

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

The list holds 500 of the 1,066 mergers recorded for 1992.

Enforcement Actions in 1992

Action date Agency Institution Action
Mar 23, 1992 OCC American Bank and Trust Company Civil Money Penalty (CMP): Pritchard, Jim L.
Mar 22, 1992 OCC The Ramsey National Bank and Trust Co. of Devils Lake Formal Agreement: The Ramsey National Bank And Trust Co. Of Devils Lake
Mar 21, 1992 OCC_OTS International Savings and Loan Association LTD Supervisory Agreement: International Savings and Loan Association
Mar 20, 1992 OCC The National Bank of Washington Civil Money Penalty (CMP): Fleming, W. Thomas
Mar 20, 1992 OCC_OTS (individual) Cease and Desist: Darland L. Krisman
Mar 20, 1992 OCC Credit One Bank, N.A. Civil Money Penalty (CMP): Rice, Alvin C.
Mar 20, 1992 OCC_OTS First Ohio Savings Bank, F.S.B. Civil Money Penalty: Wilbur H. Apking
Mar 20, 1992 OCC_OTS Lufkin Federal Savings and Loan Association Civil Money Penalty: Benjamin D. Winston
Mar 20, 1992 OCC_OTS (individual) Civil Money Penalty: Great Plains Financial Corporation
Mar 19, 1992 OCC Pacific National Corporation Formal Agreement: Pacific National Bank of Nantucket
Mar 19, 1992 OCC_OTS Lehigh Savings and Loan Association Orders of Removal/Prohibition: David Margolis
Mar 19, 1992 OCC_OTS (individual) Orders of Removal/Prohibition: George E. Cain
Mar 19, 1992 OCC_OTS Lehigh Savings and Loan Association Orders of Removal/Prohibition: Mildred Margolis
Mar 19, 1992 OCC National Bank of Conroe Civil Money Penalty (CMP): Rice, Robert L.
Mar 19, 1992 OCC Broad National Bancorporation Formal Agreement: Broad National Bank
Mar 19, 1992 OCC National Bank of Conroe Prohibition/Removal Orders: Rice, Robert L.
Mar 19, 1992 OCC_OTS (individual) Orders of Removal/Prohibition: Sumner Gladstone
Mar 19, 1992 OCC_OTS Republic Bank & Trust Company Supervisory Agreement: Republic Savings Bank, F.S.B.
Mar 18, 1992 OCC_OTS (individual) Supervisory Agreement: First Federal Savings and Loan Assocaition
Mar 18, 1992 OCC_OTS Penn Bancshares, Inc. Orders of Removal/Prohibition: Arthur P. Musialowicz
Mar 17, 1992 OCC_OTS Rochelle Savings and Loan Association Cease and Desist: Rochelle Savings and Loan Association
Mar 17, 1992 FRB Florida First International Bank Written Agreement: Florida First International Bank, Hollywood, FL
Mar 17, 1992 OCC_OTS Security Federal Savings & Loan Association Supervisory Agreement: Security Federal Savings and Loan Association of Cleveland
Mar 17, 1992 OCC The First National Bank of Van Alstyne Civil Money Penalty (CMP): Selby, O. M.
Mar 17, 1992 OCC First National Bank of Sulphur Springs Civil Money Penalty (CMP): Palmer, Rick L.
Mar 17, 1992 OCC Jefferson National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Jefferson National Bank
Mar 16, 1992 FRB (individual) Written Agreement: Northeast Bancorp, Inc., New Haven, CT
Mar 16, 1992 OCC_OTS Merchants Bank of Boston, a Co-Operative Bank Supervisory Agreement: Greater Boston Bank, A Co-operative Bank
Mar 16, 1992 OCC_OTS Fulton Federal Savings Association Orders of Removal/Prohibition: Dan Eugene Mealor
Mar 16, 1992 OCC_OTS Glen Rock Savings Bank Supervisory Agreement: Glen Rock Savings Bank
Mar 16, 1992 OCC_OTS Penn Bancshares, Inc. Cease and Desist: Penn Federal Savings Bank
Mar 13, 1992 OCC City National Bank of Irving Prohibition/Removal Orders: Taylor, Richard
Mar 13, 1992 OCC Highlands Community Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Highlands Community Bank, N.A.
Mar 13, 1992 OCC_OTS Ameribanc Financial Corporation Supervisory Agreement: Ameribanc Savings Bank, FSB
Mar 12, 1992 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Western Security Bank, N.A.
Mar 11, 1992 OCC_OTS Lincoln Savings and Loan Association, F.A. Cease and Desist: Lynn T. Fisher
Mar 11, 1992 OCC Palmer National Bancorp, Inc. Formal Agreement: Palmer National Bank
Mar 11, 1992 OCC_OTS Lufkin Federal Savings and Loan Association Civil Money Penalty: Simon W., III Henderson
Mar 11, 1992 OCC_OTS Lincoln Savings and Loan Association, F.A. Orders of Removal/Prohibition: Karen E. Katzman
Mar 11, 1992 FRB Greater Chicago Financial Corp. Written Agreement: Greater Chicago Financial Corporation, Chicago, IL
Mar 11, 1992 OCC_OTS Lincoln Savings and Loan Association, F.A. Orders of Removal/Prohibition: Peter M. Fishbein
Mar 11, 1992 OCC_OTS Annapolis Federal Savings Bank Supervisory Agreement: Annapolis Federal Savings Bank
Mar 10, 1992 OCC_OTS Fulton Federal Savings Association Orders of Removal/Prohibition: James Gordon Golden
Mar 10, 1992 OCC_OTS Sun World Federal Savings Bank Supervisory Agreement: Sun World Federal Savings Bank
Mar 9, 1992 OCC The First National Bank of Rowena Formal Agreement: The First National Bank Of Rowena
Mar 6, 1992 OCC_OTS (individual) Orders of Removal/Prohibition: Rickie K. Miyake
Mar 6, 1992 OCC_OTS Surety Financial Services Supervisory Agreement: Surety Federal Savings Bank
Mar 6, 1992 OCC Mesa National Bank Civil Money Penalty (CMP): Mesa National Bank
Mar 6, 1992 OCC_OTS (individual) Cease and Desist: William III Ratliff
Mar 6, 1992 FRB Banca Nazionale Del Lavoro S.P.A. Prohibition from Banking: Robert Post

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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