Skip to main content

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 1, 1992 Bank of Mill Creek WV Mountain Valley Bank, N.A.
Oct 1, 1992 Gte Arkansas Employees Credit Union AR Qualtrust Credit Union
Oct 1, 1992 Butler Area Credit Union PA Usx Federal Credit Union
Oct 1, 1992 M&I Tri-County Bank WI M&I Central Bank & Trust
Oct 1, 1992 Contoocock Valley Federal Credit Union NH Granite State Credit Union
Oct 1, 1992 Papermakers Credit Union MI Kalsee Credit Union
Oct 1, 1992 RT & E Federal Credit Union TX Texas Plains Federal Credit Union
Oct 1, 1992 Conna Employees Credit Union KY L&N Federal Credit Union
Oct 1, 1992 Tcta Federal Credit Union MD Educational Systems Federal Credit Union
Oct 1, 1992 M B F Employees Credit Union IA Greenstate Credit Union
Oct 1, 1992 Holy Cross Federal Credit Union KY Northern Kentucky Federal Credit Union
Oct 1, 1992 Saint Francis Desales Akron Federal Credit Union OH B F G Federal Credit Union
Oct 1, 1992 Fleet Bank of New York, National Association NY Fleet Bank
Oct 1, 1992 Independent Credit Association Federal Credit Union SC CPM Federal Credit Union
Oct 1, 1992 Ameritrust Southeast National Association FL Key Trust Company of Florida, N.A.
Oct 1, 1992 First Federal Savings and Loan Association of Platteville WI Clare Bank, N.A.
Oct 1, 1992 Interbanc FL Intercontinental Bank, National Association
Oct 1, 1992 Associated Greyhound Employees Federal Credit Union VA Peoples Advantage Federal Credit Union
Oct 1, 1992 Santa Fe Wichita Credit Union KS Wheat State Credit Union
Oct 1, 1992 Anderson Industries Federal Credit Union TX OmniAmerican Bank
Oct 1, 1992 Durfee Attleboro Bank MA South Shore Bank
Oct 1, 1992 Livingston Federal Credit Union CA California Bear Credit Union
Oct 1, 1992 The Falmouth National Bank MA South Shore Bank
Oct 1, 1992 Westinghouse Blairsville Federal Credit Union PA Kennametal Employees Federal Credit Union
Oct 1, 1992 SMW Federal Credit Union DE Delaware First Federal Credit Union
Oct 1, 1992 Wheatbelt Credit Union KS Golden Plains Credit Union
Oct 1, 1992 Inter-County Savings Bank NY Mid-Hudson Savings Bank FSB
Oct 1, 1992 Charlottesville City Employees Federal Credit Union VA University of Virginia Community Credit Union, Inc.
Oct 1, 1992 Lennox Federal Credit Union TX Lennox Employees Credit Union
Oct 1, 1992 B V D Fcu LA Formation Federal Credit Union
Oct 1, 1992 Security Bank of Commerce MI 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 MN First Bank, Federal Savings Bank
Sep 30, 1992 First National Bank of Gun Barrel City TX The First National Bank of Athens
Sep 30, 1992 WCMH Federal Credit Union PA Valor Federal Credit Union
Sep 30, 1992 North Texas Central Credit Union TX First Class American Credit Union
Sep 30, 1992 Cottage Savings Association, F.A. OH First Financial Savings Association, F.A.
Sep 30, 1992 First Apache Bancshares, Inc. OK First Bank of Apache
Sep 28, 1992 Ameritrust Development Bank OH KeyBank N.A.
Sep 26, 1992 The Provident Institution for Savings in the Town of Boston MA Fleet National Bank of Massachusetts
Sep 26, 1992 Hub National Bank NJ Hudson United Bank
Sep 26, 1992 Southern Bancshares, Inc. AR Security Bancshares, Inc.
Sep 25, 1992 Landmark Savings Association PA National City Bank of Pennsylvania
Sep 25, 1992 Summit Hill Trust Company PA The Citizens National Bank
Sep 22, 1992 Grasselli New Jersey Employee Federal Credit Union NJ Mid-State Federal Credit Union
Sep 21, 1992 The First National Bank of Deport TX 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 IL Standard Bank and Trust Company
Sep 19, 1992 First Peoples Bank of New Jersey NJ New Jersey National Bank
Sep 19, 1992 Lawrence National Bank and Trust Co. KS (unnamed)

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

Browse adjacent years: 1991 · 1993

Or jump to a category: Failures · Mergers · Enforcement · Assistance