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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
May 29, 1992 Workingmen's Co-Operative Bank Boston, MA $223.7M First NB of Boston
May 29, 1992 North American Thrift and Loan Corona Del Mar, CA $21.3M —
May 22, 1992 Powder Mill Bank Morris Plains, NJ $49.6M Valley National Bank
May 21, 1992 First FSA Lewiston, ME $83.0M Kingfield SB
May 15, 1992 Malden Trust Company Malden, MA $225.2M Eastern Bank
May 8, 1992 Shenandoah FSA Martinsburg, WV $94.2M Blue Ridge Bank
May 8, 1992 Brookfield Bank Brookfield, CT $60.7M Bristol Federal Savings
May 7, 1992 Jackson Exchange Bank & Trust Co Jackson, MO $123.3M Boatmens NB Cape Girarde
May 7, 1992 First Exchange Bank of Cape Girardeau Cape Girardeau, MO $84.4M Commerce BK Poplar Bluff
May 7, 1992 First Exchange Bank of St. Louis St. Louis, MO $55.6M Magna BK St Louis Clayto
May 7, 1992 First Exchange Bank North St. Louis Florissant, MO $45.9M First Bank a Savings Ban
May 7, 1992 First Exchange Bank of Madison County Fredericktown, MO $34.8M Commerce BK St Francois
May 4, 1992 The Financial Center Bank, N.A. San Francisco, CA $225.2M —
May 1, 1992 Metropolitan Bank, N.A. Washington, DC $27.1M Adams National Bank
Apr 24, 1992 SouthState Bank for Savings Brockton, MA $285.9M Baybank
Apr 24, 1992 Shore Bank & Trust Co. Lynn, MA $183.2M Eastern Bank
Apr 24, 1992 First FSB of South Dakota Rapid City, SD $155.9M Metropolitan FB, FSB
Apr 24, 1992 The Norwalk Bank Norwalk, CT $80.6M Bank of Darien
Apr 24, 1992 First South SB Columbia, SC $57.0M Southtrust Bank of Charlest
Apr 24, 1992 Valley Commercial Bank Stockton, CA $30.8M Union Safe Deposit Bank
Apr 10, 1992 Valley FS & La Van Nuys, CA $2.00B American SB, F.A.
Apr 10, 1992 Security First FS & La Daytona Beach, FL $1.01B First Union NB of FL
Apr 10, 1992 Federal Sa of Virginia Falls Church, VA $31.5M Fairfax B&TC
Apr 9, 1992 Fairfield County Trust Company Stamford, CT $132.4M Chase Manhattan BK of CT
Apr 9, 1992 Red Bird Bank of Dallas Dallas, TX $38.6M Bank of the SW of Dallas
Apr 3, 1992 First State Sa Sedalia, MO $166.1M Mercantile Bank of Sedalia
Apr 3, 1992 The Bank of Beverly Hills Beverly Hills, CA $125.9M —
Apr 3, 1992 Summit National Bank Torrington, CT $91.4M American Bank of Connect
Apr 3, 1992 Commonwealth FSB Manassas, VA $72.5M Fairfax B&TC
Mar 31, 1992 First Community Bank of Cherokee Woodstock, GA $35.6M Etowah Bank
Mar 27, 1992 Flagler FS & La Miami, FL $1.60B First Union NB of FL
Mar 27, 1992 Vanguard Savings Bank Holyoke, MA $427.9M Fleet Bank of Ma N.A.
Mar 27, 1992 Placer Bank of Commerce Roseville, CA $34.8M American River Bank
Mar 26, 1992 Theodore Roosevelt National Bank Washington, DC $13.8M Industrial Bank of WA
Mar 26, 1992 American Bank of Commerce Oklahoma City, OK $13.5M Rockwell Bank National a
Mar 20, 1992 The Bank for Savings Malden, MA $398.0M Medford Savings Bank
Mar 20, 1992 United Mercantile B & T Co, N.A. Pasadena, CA $36.5M Onecentral Bank
Mar 19, 1992 Independence Bank Plano, TX $21.8M First Western National B
Mar 19, 1992 Southside National Bank Nacogdoches, TX $12.0M Fredonia State Bank
Mar 19, 1992 Farmers & Merchants Bank Tryon, OK $4.3M Union NB of Chandler
Mar 16, 1992 First Security Bank of Anaconda Anaconda, MT $31.6M Bank of Montana Anaconda
Mar 13, 1992 Broadway Bank Paterson, NJ $400.5M Hudson United Bank
Mar 13, 1992 First Ohio SB, FSB St. Bernard, OH $40.8M Patriot FSB
Mar 13, 1992 Carrolton Home New Orleans, LA $35.9M Liberty B&TC
Mar 12, 1992 Ukranian FS & La Philadelphia, PA $74.9M Branch sale
Mar 12, 1992 Progressive National Bank of Rayne Rayne, LA $11.4M St Landry Bank&trust Co
Mar 6, 1992 New Heritage Bank Lawrence, MA $99.8M First NB of Boston
Feb 28, 1992 Lemont FSA Lemont, IL $193.7M Branch sale
Feb 28, 1992 Mission Viejo National Bank Mission Viejo, CA $114.6M —
Feb 28, 1992 Vista FSA Reston, VA $113.2M Eastern American Bank, FSB

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
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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