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
Dec 18, 1992	The Rushville National Bank	Rushville, IN	$41.6M	Peoples Trust Co
Dec 18, 1992	The Bremen State Bank	Bremen, KS	$2.7M	—
Dec 11, 1992	Meritor Savings Bank	Philadelphia, PA	$4.13B	Mellon Bank National Ass
Dec 11, 1992	Eastland Savings Bank	Woonsocket, RI	$515.3M	Fleet National Bank
Dec 11, 1992	Eastland Bank	Woonsocket, RI	$85.4M	Fleet National Bank
Dec 11, 1992	Sailors & Merchants B&T Co.	Vienna, VA	$34.8M	First Union Bank of Virg
Dec 8, 1992	Palm Beach FSA	Palm Beach Garden, FL	$59.4M	Southbank, a FSB
Dec 4, 1992	Carteret FSB	Madison, NJ	$4.83B	Branch sale
Dec 4, 1992	Second National, FSB	Salisbury, MD	$1.57B	Branch sale
Dec 4, 1992	Heritage Bank for Savings	Holyoke, MA	$1.29B	Fleet Bank of Ma N.A.
Dec 4, 1992	Security Federal	Vineland, NJ	$1.19B	Meridian Bank, NJ
Dec 4, 1992	Burritt Interfinancial Bancorporation	New Britain, CT	$523.9M	Derby Savings Bank
Dec 4, 1992	Huntington Pacific Thrift & Loan	Huntington, CA	$40.5M	—
Nov 20, 1992	The Merchants Bank	Kansas City, MO	$1.45B	Boatmen's First NB of KC
Nov 20, 1992	Polifly FS & La	New Milford, NJ	$458.0M	Branch sale
Nov 20, 1992	Irving FB for Savings	Chicago, IL	$247.0M	Branch sale
Nov 20, 1992	Crestline FS & La	Crestline, OH	$27.5M	Premier B&T
Nov 13, 1992	First New York Bank for Business	New York, NY	$530.7M	Merchants Bank of New Yo
Nov 13, 1992	Metro North State Bank	Kansas City, MO	$472.5M	Boatmen's First NB of KC
Nov 13, 1992	Guaranty-First Trust Company	Waltham, MA	$353.2M	Fleet Bank of Ma N.A.
Nov 13, 1992	The Overland Park FS & La	Overland Park, KS	$213.4M	Conservative SB, FSB
Nov 13, 1992	Investors Bank and Trust Company	Gretna, LA	$51.6M	Delta Bank&trust Co
Nov 13, 1992	Statewide Thrift and Loan Co.	Redwood City, CA	$9.6M	Fireside Thrift Co
Nov 6, 1992	First FSB of Georgia, F.A.	Winder, GA	$108.2M	Branch sale
Nov 6, 1992	Greenwood Bank of Bethel, Inc.	Bethel, CT	$33.3M	Union SB of Danbury
Oct 30, 1992	First City, Texas - Houston, N.A.	Houston, TX	$2.80B	Texas Commerce Bancshares
Oct 30, 1992	First City, Texas - Dallas, N.A.	Dallas, TX	$1.36B	Texas Commerce Bancshares
Oct 30, 1992	Homestead FSA	San Francisco, CA	$1.31B	Branch sale
Oct 30, 1992	First City, Texas - Beaumont, N.A.	Beaumont, TX	$532.2M	Texas Commerce Bancshares
Oct 30, 1992	First City, Texas - Corpus Chris	Corpus Christi, TX	$462.8M	Mercantile Bank, N.A.
Oct 30, 1992	First City, Texas - El Paso, N.A.	El Paso, TX	$395.9M	Sunwest Bank of El Paso
Oct 30, 1992	First City, Texas - Austin, N.A.	Austin, TX	$345.5M	The Frost National Bank
Oct 30, 1992	First City, Texas - Bryan, N.A.	Bryan, TX	$340.2M	Victoria Bank and Trust
Oct 30, 1992	First City, Texas - Midland, N.A.	Midland, TX	$313.1M	Texas Commerce Bancshares
Oct 30, 1992	First City, Texas - San Antonio	San Antonio, TX	$265.7M	The Frost National Bank
Oct 30, 1992	First City, Texas - Tyler, N.A.	Tyler, TX	$259.2M	First Commercial Corporatio
Oct 30, 1992	First City, Texas - Lufkin, N.A.	Lufkin, TX	$156.6M	First Commercial Corporatio
Oct 30, 1992	First City, Texas - San Angelo,	San Angelo, TX	$142.8M	First National Bank of West
Oct 30, 1992	First City, Texas - Orange, N.A.	Orange, TX	$132.0M	First Heights Bank, FSB
Oct 30, 1992	First City, Texas - Alice, N.A.	Alice, TX	$128.0M	Alice Bank of Texas
Oct 30, 1992	First City, Texas - Madisonville	Madisonville, TX	$123.4M	Madisonville State Bank
Oct 30, 1992	First City, Texas - Lake Jackson	Lake Jackson, TX	$104.3M	First Heights Bank, FSB
Oct 30, 1992	First City, Texas - Graham, N.A.	Graham, TX	$95.4M	First National Bank of Olne
Oct 30, 1992	First City, Texas - Sour Lake	Sour Lake, TX	$53.5M	Citizens Bank
Oct 30, 1992	First City, Texas - Aransas Pass	Aransas Pass, TX	$51.7M	Corpus Christi National Ban
Oct 30, 1992	First City, Texas - Kountze, N.A.	Kountze, TX	$51.3M	Citizens Bank
Oct 21, 1992	Standard FSB	Gaithersburg, MD	$1.72B	Branch sale
Oct 16, 1992	Security FS & La	Jackson, MS	$276.5M	Branch sale
Oct 16, 1992	Universal Bank	Lanham, MD	$18.0M	—
Oct 9, 1992	Peidmont FSA	Manassas, VA	$444.6M	Crestar Bank

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
Jul 23, 1992	Paradise Finance, Incorporated	HI	Finance Factors, Limited
Jul 20, 1992	Peoples Federal Savings Bank of Thomasville	NC	Truist Bank
Jul 18, 1992	TN Pride Empl Cu	TN	Old Hickory Credit Union
Jul 18, 1992	(unnamed)	—	Boatmen's Bank of Southern Missouri
Jul 18, 1992	Boatmen's National Bank of Cassville	MO	Boatmen's Bank of Southern Missouri
Jul 18, 1992	First Chicago Bank of Ravenswood	IL	Bank One, National Association
Jul 17, 1992	Cornat, Incorporated	KY	Whitaker Bank Corporation of Kentucky
Jul 17, 1992	Stockham Fcu	AL	Secure First Credit Union
Jul 17, 1992	American Bank of Franklin County	MO	Mercantile Bank of Central Missouri
Jul 17, 1992	First of America Bank - Plymouth, National Association	MI	First of America Bank-Ann Arbor
Jul 16, 1992	Piedmont State Bank	NC	Bankers Trust of North Carolina
Jul 16, 1992	Bank of Oklahoma, National Association, South	OK	BOKF, N.A.
Jul 15, 1992	PHP Credit Association Credit Union	GA	Atlantic Coast Bank
Jul 13, 1992	First FS&LA of Gi	TN	First American Federal Savings and Loan Association
Jul 13, 1992	AmeriTrust Company National Association	OH	KeyBank N.A.
Jul 11, 1992	First Trust Company of York	NE	Cornerstone Bank
Jul 11, 1992	Northern Federal Savings Bank	IL	Deerfield Federal Savings and Loan Association
Jul 10, 1992	Affiliated National Bank - Craig	CO	Bank One, Western Colorado, National Association
Jul 10, 1992	Affiliated National Bank - Delta	CO	Bank One, Western Colorado, National Association
Jul 10, 1992	Affiliated National Bank - Center	CO	Bank One, Western Colorado, National Association
Jul 10, 1992	Affiliated National Bank - Fort Collins	CO	Bank One, Fort Collins/Loveland, National Association
Jul 10, 1992	Affiliated National Bank - Montrose	CO	Bank One, Western Colorado, National Association
Jul 10, 1992	Affiliated National Bank - Fruita	CO	Bank One, Western Colorado, National Association
Jul 2, 1992	Colonial Bank and Trust Co. of Bureau County	IL	Citizens First National Bank
Jul 2, 1992	Gao Employees Federal Credit Union	DC	United States Senate Federal Credit Union
Jul 1, 1992	First Gibraltar Bank, a Federal Savings Bank San Antonio	TX	California Federal Bank
Jul 1, 1992	Rock Tenn County Employees Credit Union	GA	Associated Credit Union
Jul 1, 1992	Illinois Valley Bancshares, Inc.	IL	Princeton National Bancorp, Inc.
Jul 1, 1992	Southeastern Bancshares, Inc.	TN	Southeastern Bancshares, Inc.
Jul 1, 1992	Arkansas Union Bankshares, Inc.	AR	Union Bancshares of Benton, Inc.
Jul 1, 1992	First Petersburg Bancshares, Inc.	IL	First of America Bank Corporation
Jul 1, 1992	First Hanover Bancorp, Inc.	IL	Prairie Acquisition Corporation
Jul 1, 1992	Summcorp	IN	NBD Indiana, Inc.
Jul 1, 1992	Quad County Bancshares, Inc.	MO	Missouri Quad Bancshares, Inc.
Jul 1, 1992	Aquinas College Credit Union	MI	Lake Michigan Credit Union
Jul 1, 1992	Decatur Saint Marys Credit Union	IL	Citizens Equity First Credit Union
Jul 1, 1992	American Bancorp of Ponca City, Inc.	OK	HNB Corporation
Jul 1, 1992	WNCC Methodist Credit Union	NC	Summit Credit Union
Jul 1, 1992	Muskegon Piston Ring Employees Credit Union	MI	Port City Federal Credit Union
Jul 1, 1992	Five Thirty Nine Federal Credit Union	CO	West Denver Community Credit Union
Jul 1, 1992	Endicott Trust Company	NY	Manufacturers and Traders Trust Company
Jul 1, 1992	Fidelity Mutual Savings & Loan Association	NJ	First Home Savings Bank, FSB
Jul 1, 1992	Central Trust Company	NY	Manufacturers and Traders Trust Company
Jul 1, 1992	Grand Federal Credit Union	VA	Kemba Roanoke Federal Credit Union
Jul 1, 1992	Guilford County Employees Credit Union	NC	Summit Credit Union
Jul 1, 1992	Duckworth Employees Federal Credit Union	MA	Agawam Federal Credit Union
Jul 1, 1992	The First National Bank of Petersburg	IL	First of America Bank - Springfield, National Association
Jul 1, 1992	Associates National Bank	CA	Associates National Bank (Delaware)
Jul 1, 1992	Bankers First Savings Bank, F.S.B.	GA	Bankers First Savings Bank, FSB
Jul 1, 1992	Fairview Federal Savings and Loan Association	MD	The Columbia 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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