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
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 5, 1992	OCC	Associated Bank, N.A.	Civil Money Penalty (CMP): Schaper, Gerald L.
Mar 5, 1992	OCC_OTS	(individual)	Cease and Desist: Larry McNeil
Mar 5, 1992	OCC_OTS	American Federal Savings Bank	Supervisory Agreement: American Federal Savings Bank
Mar 4, 1992	OCC	The Randolph National Bank	Formal Agreement: Randolph National Bank
Mar 4, 1992	OCC_OTS	Liberty Federal Savings Bank	Cease and Desist: Liberty Savings Bank
Mar 4, 1992	OCC	Wheeling National Bank	Formal Agreement: Wheeling National Bank
Mar 4, 1992	OCC	Sequoia National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Sequoia National Bank
Mar 3, 1992	OCC_OTS	Ohio Savings Bank	Supervisory Agreement: Ohio savings Bank
Mar 3, 1992	FRB	Bcci Holdings (Luxembourg) S.A.	Prohibition from Banking: Kemal Shoaib
Mar 3, 1992	FRB	Prosperity Bank	Written Agreement: Prosperity Bank and Trust Company, Springfield, VA
Mar 3, 1992	FRB	Bcci Holdings (Luxembourg) S.A.	Civil Money Penalty $20,000,000: Kemal Shoaib
Feb 28, 1992	OCC	Texas National Bank	Civil Money Penalty (CMP): Beard, Walter E.
Feb 28, 1992	OCC_OTS	Colonial Central Savings Bank, Federal Savings Bank	Cease and Desist: Colonial Central Svings Bank, FSB
Feb 28, 1992	FRB	Bank of White Sulphur Springs	Written Agreement: Bank of White Sulphur Springs, White Sulphur Springs, WV
Feb 28, 1992	OCC_OTS	Algiers Homestead Association	Supervisory Agreement: Algiers Homestead Association
Feb 28, 1992	OCC_OTS	Columbia First Bank, a Federal Savings Bank	Cease and Desist: Michael Leighty
Feb 28, 1992	FRB	Multibank Financial Corp.	Written Agreement: Multibank Financial Corp., Dedham, MA
Feb 28, 1992	OCC_OTS	Amtrust Bank, A Savings Bank	Supervisory Agreement: AmTrust Bank, A Savings Bank
Feb 28, 1992	OCC	First Charter Bank, National Association	Formal Agreement: First Charter Bank N.A.
Feb 28, 1992	OCC_OTS	(individual)	Cease and Desist: John Clark
Feb 27, 1992	OCC_OTS	Tecumseh Building and Loan Association	Supervisory Agreement: Tecumseh Building and Loan Association
Feb 27, 1992	OCC_OTS	Executive Banc Savings Association, F.A.	Cease and Desist: Robert H. Walker
Feb 27, 1992	OCC_OTS	(individual)	Cease and Desist: Vista Bank, Federal Savings Bank
Feb 26, 1992	OCC	The Pawnee National Bank	Civil Money Penalty (CMP): Freeman, James O.
Feb 26, 1992	OCC	The Farmers National Bank of Webster City	Civil Money Penalty (CMP): Amlie, Rodney B.
Feb 26, 1992	OCC	The Pawnee National Bank	Prohibition/Removal Orders: Freeman, James O.
Feb 26, 1992	OCC_OTS	Chatham Savings and Loan Association	Cease and Desist: Chatham Savings and Loan Association
Feb 25, 1992	OCC	Triad Bank, N.A.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Triad Bank, N.A.
Feb 24, 1992	OCC_OTS	Revere Federal Savings and Loan Association	Supervisory Agreement: Revere Federal Savings and Loan Association
Feb 21, 1992	OCC_OTS	Lufkin Federal Savings and Loan Association	Civil Money Penalty: Kenneth Arnold
Feb 21, 1992	OCC_OTS	Lufkin Federal Savings and Loan Association	Civil Money Penalty: Robert L. Poland
Feb 21, 1992	OCC_OTS	Lufkin Federal Savings and Loan Association	Civil Money Penalty: Ray E. Scott
Feb 21, 1992	OCC_OTS	Lufkin Federal Savings and Loan Association	Civil Money Penalty: Loyd E. Richardson
Feb 21, 1992	OCC_OTS	Lufkin Federal Savings and Loan Association	Civil Money Penalty: Horace Cardwell
Feb 21, 1992	OCC_OTS	Lufkin Federal Savings and Loan Association	Civil Money Penalty: George Thannisch
Feb 21, 1992	OCC_OTS	Lufkin Federal Savings and Loan Association	Civil Money Penalty: A.G. Cromwell
Feb 20, 1992	OCC	The Karnes County National Bank of Karnes City	Formal Agreement: The Karnes County National Bank of Karnes City
Feb 20, 1992	OCC	(individual)	Formal Agreement: Citizens National Bank Of Painstville
Feb 20, 1992	OCC_OTS	Sobieski Federal Savings and Loan Association of South Bend	Supervisory Agreement: Sobieski Federal Savings and Loan Association
Feb 20, 1992	OCC_OTS	(individual)	Civil Money Penalty: Johnny R. Pullin
Feb 20, 1992	OCC_OTS	Lincoln Park Savings Bank	Supervisory Agreement: Lincoln Park Federal Savings and Loan Association
Feb 19, 1992	OCC	Greensboro National Bank	Formal Agreement: Greensboro National Bank
Feb 18, 1992	OCC	Resourcebank, N.A.	Civil Money Penalty (CMP): Spencer, Barry B.
Feb 18, 1992	OCC_OTS	First Savings Bank of Hegewisch	Cease and Desist: First Federal Savings of Hedewisch
Feb 18, 1992	OCC_OTS	(individual)	Orders of Removal/Prohibition: Donald P. Novak
Feb 18, 1992	OCC_OTS	Pacific First Bank, a Federal Savings Bank	Supervisory Agreement: Pacific First Bank, A FSB
Feb 18, 1992	OCC_OTS	St Tammany Homestead Association	Supervisory Agreement: St. Tammany Homestead Association
Feb 18, 1992	OCC	Resourcebank, N.A.	Prohibition/Removal Orders: Spencer, Barry B.
Feb 18, 1992	OCC	National Bank of the Redwoods	Prohibition/Removal Orders: Lampi, Kathleen
Feb 18, 1992	OCC	The First National Bank in Hysham	Civil Money Penalty (CMP): Sinclair, Richard K.

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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