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 | Assets |
|---|---|---|
| Feb 28, 1992 | Irvington FSB | $43.8M |
| Feb 28, 1992 | Colony Savings Bank | $35.7M |
| Feb 28, 1992 | Alpha Indian Rock FS & La | $7.2M |
| Feb 27, 1992 | Columbia Bank | $17.0M |
| Feb 21, 1992 | Dollar DRY Dock Bank | $4.03B |
| Feb 21, 1992 | The Bank of Brandywine Valley | $44.9M |
| Feb 21, 1992 | National City Bank | $19.0M |
| Feb 14, 1992 | The Central Savings Bank | $369.1M |
| Feb 7, 1992 | United Savings of America, F.A. | $327.2M |
| Feb 7, 1992 | Merchants National Bank | $35.1M |
| Feb 7, 1992 | Kempton State Bank | $3.6M |
| Feb 6, 1992 | Landmark Bank of Forth Worth | $80.5M |
| Jan 31, 1992 | Pelican Homestead Sa | $1.28B |
| Jan 31, 1992 | Security FSA | $107.1M |
| Jan 31, 1992 | Sentinel Bank | $74.8M |
| Jan 31, 1992 | Fountain Bank | $15.6M |
| Jan 30, 1992 | Independence Bank | $535.8M |
| Jan 30, 1992 | Atlantic Trust Company | $21.2M |
| Jan 24, 1992 | Crossland Savings Bank, FSB | $7.43B |
| Jan 24, 1992 | Banco Nacional, N.A. | $52.1M |
| Jan 24, 1992 | Advanced FSB | $23.1M |
| Jan 24, 1992 | American National Bank of New York | $18.0M |
| Jan 23, 1992 | First State Bank | $16.5M |
| Jan 16, 1992 | The Bank of Verde Valley | $10.3M |
| Jan 10, 1992 | Perpetual Savings Bank | $2.89B |
| Jan 10, 1992 | Hansen FSA | $572.4M |
| Jan 10, 1992 | The Citizens Bank | $60.6M |
| Jan 10, 1992 | Hansen FSB | $51.8M |
| Jan 3, 1992 | Assured Thrift and Loan Association | $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 | Acquirer |
|---|---|---|
| Dec 1, 1992 | NBD Arlington Heights Bank | NBD Bank |
| Dec 1, 1992 | Affiliated Banc Group, Inc. | Comerica Incorporated |
| Dec 1, 1992 | NBD Northfield Bank | NBD Bank |
| Dec 1, 1992 | First Interstate Bank of Colstrip | First Interstate Bank |
| Dec 1, 1992 | NBD Bank Mount Prospect, National Association | NBD Bank |
| Dec 1, 1992 | Team Bank | Bank One, Texas, National Association |
| Dec 1, 1992 | Home Owners Savings Bank Federal Savings Bank | First Bank, Federal Savings Bank |
| Dec 1, 1992 | NBD Glenbrook Bank | NBD Bank |
| Dec 1, 1992 | NBD Bank Lake Zurich, National Association | NBD Bank |
| Dec 1, 1992 | NBD Bank Elgin, National Association | NBD Bank |
| Dec 1, 1992 | The First National Bank in Hysham | Farmers State Bank of Worden |
| Dec 1, 1992 | Norbanc Lease, Inc. | PNC Bank, Northeast PA |
| Dec 1, 1992 | Waldorf State Bank | Roundbank |
| Dec 1, 1992 | Norbanc Realty Company, Inc. | PNC Bank, Northeast PA |
| Dec 1, 1992 | NBD Bank Evanston, National Association | NBD Bank |
| Dec 1, 1992 | Citizens Bank of Live Oak | CNB National Bank |
| Dec 1, 1992 | NBD Winfield Bank | NBD Bank |
| Dec 1, 1992 | Bank of Chicago-Lakeshore | Bank of Chicago, S.B. |
| Dec 1, 1992 | Community Homestead Association | Teche Federal Bank |
| Dec 1, 1992 | First Interstate Bank of Billings Heights | First Interstate Bank |
| Dec 1, 1992 | Saint Georges Parish Federal Credit Union | Westport Federal Credit Union |
| Nov 30, 1992 | First Western Federal Savings and Loan Association | Interbank |
| Nov 30, 1992 | St. Stephen Bancorporation, Inc. | Saint Stephen Bangroup, Inc. |
| Nov 30, 1992 | Hindley Employees Credit Union | Navigant Credit Union |
| Nov 30, 1992 | Spokane MSC Federal Credit Union | United Health Services Credit Union |
| Nov 28, 1992 | Trans Financial Bank of Tennessee, Federal Savings Bank | Trans Financial Bank of Tennessee, Federal Savings Bank |
| Nov 24, 1992 | Medical Health Group Fcu | America's Credit Union |
| Nov 22, 1992 | First Western Federal Savings Association of Wenatchee | First Western Bank, a Federal Savings Bank |
| Nov 21, 1992 | Merchants Bancorp, Inc. | Fidelcor, Inc. |
| Nov 21, 1992 | Linden Rheem Employees Federal Credit Union | The Atlantic Federal Credit Union |
| Nov 21, 1992 | Central Credit Union | Granite State Credit Union |
| Nov 21, 1992 | First American Savings, F.A. | Provident National Bank |
| Nov 21, 1992 | SafraBank National Association | Republic Bank for Savings, N.A. |
| Nov 21, 1992 | Hancock Federal Savings and Loan Association | First Community Bank |
| Nov 21, 1992 | Brandywine Savings and Loan Association | Provident National Bank |
| Nov 19, 1992 | River Oaks Bank | Compass Bank |
| Nov 18, 1992 | WRB Bancshares, Inc. | INTRUST Financial Corporation |
| Nov 17, 1992 | AT&M Corp Employees Credit Union | Erie County Employees Credit Union |
| Nov 16, 1992 | Jasand, Inc. | Hawkeye Bancorporation |
| Nov 16, 1992 | The Bank of Massachusetts, Inc. d/b/a/ Century Bank/Suffolk | Century Bank and Trust Company |
| Nov 16, 1992 | Century North Shore Bank and Trust Company | Century Bank and Trust Company |
| Nov 16, 1992 | Valley First National Bank of Beaver Dam | Valley Bank, South Central (National Association) |
| Nov 16, 1992 | Bigelow Sandford Employees Federal Credit Union | Southern Select Community Cu |
| Nov 16, 1992 | Cole Taylor Bank/Yorktown | Cole Taylor Bank |
| Nov 16, 1992 | Community Bank & Trust N.A. of Randolph County | Community Bank and Trust of Randolph County |
| Nov 14, 1992 | Louisville Public Library Credit Union | Transcend Credit Union |
| Nov 13, 1992 | First Fidelity Bank, National Association, North Jersey | First Fidelity Bank, National Association, New Jersey |
| Nov 13, 1992 | Edmonds National Bank | Frontier Bank |
| Nov 11, 1992 | Dakota First Trust Company | First Trust Company of North Dakota N.A. |
| Nov 10, 1992 | American Bank | (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 | Assets |
|---|---|---|
| Dec 10, 1992 | Citizens State Bank | $12.9M |
| Oct 16, 1992 | Freedom Bank | $20.9M |
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