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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
Feb 28, 1992 Irvington FSB Glen Burnie, MD $43.8M Arundel FSB
Feb 28, 1992 Colony Savings Bank Wallingford, CT $35.7M New Haven Savings Bank
Feb 28, 1992 Alpha Indian Rock FS & La Philadelphia, PA $7.2M Roxborough-Manayunk
Feb 27, 1992 Columbia Bank Avondale, AZ $17.0M Valley NB of Arizona
Feb 21, 1992 Dollar DRY Dock Bank White Plains, NY $4.03B Emigrant Savings Bank
Feb 21, 1992 The Bank of Brandywine Valley West Chester, PA $44.9M Wilmington Trust Co
Feb 21, 1992 National City Bank Coral Springs, FL $19.0M Intercontinental Bank
Feb 14, 1992 The Central Savings Bank Lowell, MA $369.1M Massbank for Savings
Feb 7, 1992 United Savings of America, F.A. Melbourne, FL $327.2M Barnett Bank of Central FL
Feb 7, 1992 Merchants National Bank Fort Myers, FL $35.1M Founders National Trust
Feb 7, 1992 Kempton State Bank Kempton, IL $3.6M Vermilion Valley Bank
Feb 6, 1992 Landmark Bank of Forth Worth Fort Worth, TX $80.5M Central Bank&trust
Jan 31, 1992 Pelican Homestead Sa Metairie, LA $1.28B First Commerce Corp.
Jan 31, 1992 Security FSA Panama City, FL $107.1M Branch sale
Jan 31, 1992 Sentinel Bank Hartford, CT $74.8M Society for Savings
Jan 31, 1992 Fountain Bank Scottsdale, AZ $15.6M Bank of Arizona
Jan 30, 1992 Independence Bank Los Angeles, CA $535.8M —
Jan 30, 1992 Atlantic Trust Company Newington, NH $21.2M Fleet Bank-NH
Jan 24, 1992 Crossland Savings Bank, FSB Brooklyn, NY $7.43B Public stock sale
Jan 24, 1992 Banco Nacional, N.A. San Juan, PR $52.1M Eurobank&trust Co
Jan 24, 1992 Advanced FSB Northridge, CA $23.1M Deposit payout
Jan 24, 1992 American National Bank of New York Fleischmanns, NY $18.0M —
Jan 23, 1992 First State Bank Bangs, TX $16.5M Texas Bank
Jan 16, 1992 The Bank of Verde Valley Cottonwood, AZ $10.3M Stockmens Bank
Jan 10, 1992 Perpetual Savings Bank Vienna, VA $2.89B Crestar Bank
Jan 10, 1992 Hansen FSA Hammonton, NJ $572.4M Collective FSB
Jan 10, 1992 The Citizens Bank Dallas, GA $60.6M First NB of Paulding Cou
Jan 10, 1992 Hansen FSB Palm Beach Garden, FL $51.8M Fidelity FSB of FL
Jan 3, 1992 Assured Thrift and Loan Association Stockton, CA $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 St Acquirer
Dec 31, 1992 (unnamed) — Rabobank, N.A.
Dec 31, 1992 First Bank/Las Colinas TX First Bank Texas National Association
Dec 31, 1992 Century Bancshares, Inc. KS Team Financial, Inc.
Dec 31, 1992 Kentucky State Bank of Scottsville, Kentucky KY Trans Financial Bank, N.A.
Dec 31, 1992 First Carolina Bank & Trust Company NC Mid-South Bank and Trust Company
Dec 31, 1992 (unnamed) — The Bank of San Diego
Dec 31, 1992 Orange Federal Savings and Loan Association NC RBC Bank (USA)
Dec 31, 1992 Dawson Springs Bancorp, Inc. KY Trans Financial, Inc.
Dec 31, 1992 First Commercial Bancshares, Inc. AL Synovus Financial Corp. of Alabama
Dec 31, 1992 Security FS&LA Nashville TN Regions Bank of Tennessee
Dec 31, 1992 Fidelcor Business Service of N.J. NJ Fidelcor, Inc.
Dec 31, 1992 Keney Mutual Benefit Association Credit Union CT Kief Protective Mutual Benefit Assn Credit Union
Dec 31, 1992 (unnamed) — The Bank of San Diego
Dec 31, 1992 United Bank of Kansas, Inc. KS Fourth Financial Corporation
Dec 31, 1992 U.N.D.C. Credit Union UT San Juan Credit Union
Dec 31, 1992 Electrical WKRS No 136 Fcu AL Legacy Community Federal Credit Union
Dec 31, 1992 First National Bank, Martinsville IN First National Bank & Trust
Dec 31, 1992 Clinton Federal Savings and Loan Association IA Firstar National Bank
Dec 31, 1992 Li Holding Corporation NY Fleet New York, Inc.
Dec 31, 1992 Bank Shares Incorporated MN U.S. Bancorp
Dec 31, 1992 Commercial Bank of Dawson KY Trans Financial Bank, N.A.
Dec 31, 1992 The Peoples National Bank of Liberal KS Bank IV, National Association
Dec 31, 1992 Great Western Bank, a Savings Bank WA Great Western Bank, a Federal Savings Bank
Dec 30, 1992 Gte Sylvania Lycoming Area Fcu PA Horizon Federal Credit Union
Dec 30, 1992 Fourth National Corporation OK Fourth Financial Corporation
Dec 30, 1992 First Carrollton Bancshares, Inc. MO Carrollton Bancshares Corporation
Dec 29, 1992 First Charlotte Mortgage Company NC First Charlotte Bank and Trust Company
Dec 29, 1992 Tsi Graphics Credit Union MO Neighbors Credit Union
Dec 28, 1992 I.B.E.W. #449 Credit Union ID Connections Credit Union
Dec 23, 1992 Southwest Bank of Hickory County MO Southwest Bank
Dec 23, 1992 Southwest Bank, National Association MO Southwest Bank
Dec 23, 1992 First Western National Bank TX Compass Bank-Dallas
Dec 23, 1992 Southwest Bank of Buffalo MO Southwest Bank
Dec 22, 1992 Yankee Capital Corporation MA Baybanks, Inc.
Dec 21, 1992 Mooresville Savings Bank, a Federal Savings Bank IN First Indiana Bank, National Association
Dec 21, 1992 Self Reliance Kerhonkson Federal Credit Union NY Self Reliance Financial Federal Credit Union
Dec 21, 1992 First Trident Savings and Loan Corporation SC The National Bank of South Carolina
Dec 21, 1992 First Federal Savings and Loan Association of Rushville IN First Indiana Bank, National Association
Dec 19, 1992 Southtrust Bank of Tampa FL SouthTrust Bank of Florida, National Association
Dec 18, 1992 The Peoples Bank of Front Royal VA Jefferson National Bank
Dec 18, 1992 Heintz Employees Federal Credit Union PA Trumark Credit Union
Dec 17, 1992 McKeesport Postal Employees Credit Union PA Parkview Community Federal Credit Union
Dec 16, 1992 Pruett, Crane and Lucky's Credit Union TN Trust Federal Credit Union
Dec 16, 1992 American Charter Federal Savings and Loan Association NE First Bank, Federal Savings Bank
Dec 15, 1992 Ellis County Teachers Credit Union KS Farmers Credit Union
Dec 14, 1992 Harbor Country Banking Company MI Fifth Third Bank, Indiana
Dec 13, 1992 Deerbrook State Bank IL Devon Bank
Dec 12, 1992 First FS&LA GA First Liberty Bank
Dec 12, 1992 Ripley Ussco Federal Credit Union OH Members Trust Federal Credit Union
Dec 12, 1992 First Chicago Bank for Savings, F.S.B. IL Heritage Bank

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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