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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
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
Sep 19, 1992 Burbank National Bank CA American Independent Bank, National Association
Sep 19, 1992 Crater Bank OR Western Bank
Sep 19, 1992 Illini Bank-Elkhart IL Illini Bank - North
Sep 18, 1992 Carpenters' Local 210 Federal Credit Union CT Western Connecticut Federal Credit Union
Sep 18, 1992 First American Savings Bank, FSB OH Charter One Bank, National Association
Sep 18, 1992 North Iowa State Bank IA Liberty Bank and Trust
Sep 17, 1992 Newtown Federal Credit Union CT Western Connecticut Federal Credit Union
Sep 16, 1992 Benbrook State Bank TX Heritage National Bank
Sep 15, 1992 Geibank Industrial Bank CO The Minnequa Bank of Pueblo
Sep 14, 1992 Manufacturers Bank, National Association MI Comerica Bank
Sep 12, 1992 Star Bank, South Central Ohio OH Star Bank, National Association, Tri State
Sep 12, 1992 Jersey Shore Savings and Loan Association NJ Santander Bank, N.A.
Sep 12, 1992 Federated Bank, S.S.B. WI Firstar Bank Milwaukee, National Association
Sep 12, 1992 El Paso State Bank TX Norwest Bank El Paso, National Association
Sep 10, 1992 Kansas National Bank and Trust Company KS Bank IV, National Association
Sep 10, 1992 KNB Bancshares, Inc. KS Fourth Financial Corporation
Sep 10, 1992 American Republic Bancorp CA Republic Bank
Sep 9, 1992 After Six Fcu PA Sun East Federal Credit Union
Sep 8, 1992 City Bancorp of Norman, Inc. OK First Fidelity Bancorp, Inc.
Sep 8, 1992 City National Bank & Trust Company OK First Fidelity Bank
Sep 5, 1992 Sunrise Bank for Savings, F.S.B. KY PNC Bank, Northern Kentucky, National Association
Sep 5, 1992 NCNB Bancorporation, Inc. FL C&S/Sovran Corporation
Sep 5, 1992 Usbancorp, Inc. FL C&S/Sovran Corporation
Sep 5, 1992 First Lima National Bank of Lima, Ohio OH (unnamed)
Sep 4, 1992 Coca-Cola Employees Credit Union UT Mountain America Federal Credit Union
Sep 4, 1992 Security Pacific Bank Washington, N.A. WA Bank of America NW, National Association
Sep 4, 1992 First Peoples Financial Corporation NJ Corestates Financial Corp
Sep 4, 1992 (unnamed) — NationsBank of Florida, National Association
Sep 4, 1992 Nationsbank Trust Company Florida, N.A. FL NationsBank of Florida, National Association
Sep 2, 1992 Southtrust of Northwest Florida, Inc. FL Southtrust of Florida, Incorporated
Sep 2, 1992 Petrolite Employees Credit Union MO Arsenal Credit Union
Sep 1, 1992 Vectra Bank of Lakewood CO Vectra Bank
Sep 1, 1992 First Gibraltar Bank, a Federal Savings Bank Plano TX California Federal Bank
Sep 1, 1992 Jefferson Bancorp, Inc. IL Banc One Illinois Corporation
Sep 1, 1992 Savannah Electric and Power Employees Credit Union GA Powerco Federal Credit Union
Sep 1, 1992 Bancard Corporation of Montana MT Bank of Montana, National Association
Sep 1, 1992 Ameriwest Bancor, Inc. AZ Bank of Scottsdale
Sep 1, 1992 Bank of Montana Anaconda MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Village MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Big Sandy MT Bank of Montana, National Association
Sep 1, 1992 Southeastern Indiana Federal Credit Union IN Cinco Family Financial Center Credit Union
Sep 1, 1992 Vectra Bank of Denver CO Vectra Bank
Sep 1, 1992 Saint Joseph Mantua Federal Credit Union OH Saints Margaret & Gregory Federal Credit Union
Sep 1, 1992 Nescor Federal Credit Union OH S T O F F E Federal Credit Union
Sep 1, 1992 Heartland Ca Federal Credit Union CA Arrowhead Federal Credit Union
Sep 1, 1992 Bank of Montana Eastside MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Havre MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Conrad MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Rudyard MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Chester MT Bank of Montana, National Association

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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