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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 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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