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
May 29, 1992	Workingmen's Co-Operative Bank	Boston, MA	$223.7M	First NB of Boston
May 29, 1992	North American Thrift and Loan	Corona Del Mar, CA	$21.3M	—
May 22, 1992	Powder Mill Bank	Morris Plains, NJ	$49.6M	Valley National Bank
May 21, 1992	First FSA	Lewiston, ME	$83.0M	Kingfield SB
May 15, 1992	Malden Trust Company	Malden, MA	$225.2M	Eastern Bank
May 8, 1992	Shenandoah FSA	Martinsburg, WV	$94.2M	Blue Ridge Bank
May 8, 1992	Brookfield Bank	Brookfield, CT	$60.7M	Bristol Federal Savings
May 7, 1992	Jackson Exchange Bank & Trust Co	Jackson, MO	$123.3M	Boatmens NB Cape Girarde
May 7, 1992	First Exchange Bank of Cape Girardeau	Cape Girardeau, MO	$84.4M	Commerce BK Poplar Bluff
May 7, 1992	First Exchange Bank of St. Louis	St. Louis, MO	$55.6M	Magna BK St Louis Clayto
May 7, 1992	First Exchange Bank North St. Louis	Florissant, MO	$45.9M	First Bank a Savings Ban
May 7, 1992	First Exchange Bank of Madison County	Fredericktown, MO	$34.8M	Commerce BK St Francois
May 4, 1992	The Financial Center Bank, N.A.	San Francisco, CA	$225.2M	—
May 1, 1992	Metropolitan Bank, N.A.	Washington, DC	$27.1M	Adams National Bank
Apr 24, 1992	SouthState Bank for Savings	Brockton, MA	$285.9M	Baybank
Apr 24, 1992	Shore Bank & Trust Co.	Lynn, MA	$183.2M	Eastern Bank
Apr 24, 1992	First FSB of South Dakota	Rapid City, SD	$155.9M	Metropolitan FB, FSB
Apr 24, 1992	The Norwalk Bank	Norwalk, CT	$80.6M	Bank of Darien
Apr 24, 1992	First South SB	Columbia, SC	$57.0M	Southtrust Bank of Charlest
Apr 24, 1992	Valley Commercial Bank	Stockton, CA	$30.8M	Union Safe Deposit Bank
Apr 10, 1992	Valley FS & La	Van Nuys, CA	$2.00B	American SB, F.A.
Apr 10, 1992	Security First FS & La	Daytona Beach, FL	$1.01B	First Union NB of FL
Apr 10, 1992	Federal Sa of Virginia	Falls Church, VA	$31.5M	Fairfax B&TC
Apr 9, 1992	Fairfield County Trust Company	Stamford, CT	$132.4M	Chase Manhattan BK of CT
Apr 9, 1992	Red Bird Bank of Dallas	Dallas, TX	$38.6M	Bank of the SW of Dallas
Apr 3, 1992	First State Sa	Sedalia, MO	$166.1M	Mercantile Bank of Sedalia
Apr 3, 1992	The Bank of Beverly Hills	Beverly Hills, CA	$125.9M	—
Apr 3, 1992	Summit National Bank	Torrington, CT	$91.4M	American Bank of Connect
Apr 3, 1992	Commonwealth FSB	Manassas, VA	$72.5M	Fairfax B&TC
Mar 31, 1992	First Community Bank of Cherokee	Woodstock, GA	$35.6M	Etowah Bank
Mar 27, 1992	Flagler FS & La	Miami, FL	$1.60B	First Union NB of FL
Mar 27, 1992	Vanguard Savings Bank	Holyoke, MA	$427.9M	Fleet Bank of Ma N.A.
Mar 27, 1992	Placer Bank of Commerce	Roseville, CA	$34.8M	American River Bank
Mar 26, 1992	Theodore Roosevelt National Bank	Washington, DC	$13.8M	Industrial Bank of WA
Mar 26, 1992	American Bank of Commerce	Oklahoma City, OK	$13.5M	Rockwell Bank National a
Mar 20, 1992	The Bank for Savings	Malden, MA	$398.0M	Medford Savings Bank
Mar 20, 1992	United Mercantile B & T Co, N.A.	Pasadena, CA	$36.5M	Onecentral Bank
Mar 19, 1992	Independence Bank	Plano, TX	$21.8M	First Western National B
Mar 19, 1992	Southside National Bank	Nacogdoches, TX	$12.0M	Fredonia State Bank
Mar 19, 1992	Farmers & Merchants Bank	Tryon, OK	$4.3M	Union NB of Chandler
Mar 16, 1992	First Security Bank of Anaconda	Anaconda, MT	$31.6M	Bank of Montana Anaconda
Mar 13, 1992	Broadway Bank	Paterson, NJ	$400.5M	Hudson United Bank
Mar 13, 1992	First Ohio SB, FSB	St. Bernard, OH	$40.8M	Patriot FSB
Mar 13, 1992	Carrolton Home	New Orleans, LA	$35.9M	Liberty B&TC
Mar 12, 1992	Ukranian FS & La	Philadelphia, PA	$74.9M	Branch sale
Mar 12, 1992	Progressive National Bank of Rayne	Rayne, LA	$11.4M	St Landry Bank&trust Co
Mar 6, 1992	New Heritage Bank	Lawrence, MA	$99.8M	First NB of Boston
Feb 28, 1992	Lemont FSA	Lemont, IL	$193.7M	Branch sale
Feb 28, 1992	Mission Viejo National Bank	Mission Viejo, CA	$114.6M	—
Feb 28, 1992	Vista FSA	Reston, VA	$113.2M	Eastern American Bank, FSB

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
Nov 10, 1992	First Granite City Savings and Loan Association	IL	Roosevelt Bank
Nov 10, 1992	Conservative Bank, a Federal Savings Bank	MO	Roosevelt Bank
Nov 10, 1992	American Bank of Platte County	MO	(unnamed)
Nov 3, 1992	Lake Savings and Loan Association	CA	Allied Bank, F.S.B.
Nov 3, 1992	Suffern Postal Employees Federal Credit Union	NY	Heritage Financial Federal Credit Union
Nov 2, 1992	Citicorp Savings and Industrial Bank	CO	The Minnequa Bank of Pueblo
Nov 2, 1992	Affiliated Bankshares of Colorado, Inc.	CO	Banc One Colorado Corporation
Nov 2, 1992	1st Bank of Catoosa	OK	Boatmen's First National Bank of Oklahoma
Nov 2, 1992	Potomac Community Federal Credit Union	MD	Lafayette Federal Credit Union
Nov 2, 1992	Security Bank	OK	Boatmen's First National Bank of Oklahoma
Nov 2, 1992	Choctaw State Bank	OK	Bank One, Oklahoma, National Association
Nov 1, 1992	Easton Postal Empl Fcu	PA	First Class Federal Credit Union
Nov 1, 1992	First Security Bank of Livingston	MT	American Bank
Nov 1, 1992	First Security Bank of Big Timber	MT	American Bank
Nov 1, 1992	De Kalb Community Federal Credit Union	IL	Illinois Community Credit Union
Nov 1, 1992	W a Whitney Employees Credit Union	IL	Membersalliance Credit Union
Nov 1, 1992	South Suburban College Federal Credit Union	IL	Tech Credit Union
Nov 1, 1992	GB Credit Union	MO	Apex Financial Credit Union
Nov 1, 1992	Illinois Media Association Credit Union	IL	Land of Lincoln Credit Union
Nov 1, 1992	Pettaquamscutt Credit Union	RI	Chartway Federal Credit Union
Nov 1, 1992	Triangle Credit Union	WI	Enterprise Credit Union
Nov 1, 1992	All Saints Bridgeport Credit Union	IL	Access Credit Union
Nov 1, 1992	InterWest Bank of Montana	MT	American Bank
Oct 31, 1992	The First National Bank of Konawa	OK	Sooner State Bank
Oct 31, 1992	First Citizens Bancorp of Cherokee County, Inc.	GA	First National Bancorp
Oct 31, 1992	Mission Hills Bank, National Association	KS	Bank IV, National Association
Oct 31, 1992	Citizens Loan and Building Company	OH	American Community Bank, National Association
Oct 31, 1992	Pueblo Boulevard Bank	CO	Colorado National Bank - Pueblo
Oct 31, 1992	Torrington National Company	WY	First Nebraska Bancs, Inc.
Oct 31, 1992	O'Connor Bros. State Bank of Renville	MN	American State Bank of Olivia
Oct 30, 1992	The Farmers and Merchants National Bank of Merkel	TX	Security State Bank
Oct 30, 1992	Integon Employees Credit Union	NC	Truliant Federal Credit Union
Oct 30, 1992	Trailer Credit Union and Associates	MI	Credit Union One
Oct 30, 1992	Crown National Leasing Company	NC	Crown National Bancorporation, Inc.
Oct 30, 1992	PSC Fcu	PA	Ingersoll-Rand Federal Credit Union
Oct 29, 1992	International Payment Systems Inc.	CA	Busa Servicing, LLC
Oct 29, 1992	DPC of Oshkosh, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Portage, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Manitowoc, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Green Bay, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Racine, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Madison, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Appleton, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Eau Claire, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	City National Bank of Carrollton	TX	Compass Bank-Dallas
Oct 29, 1992	DPC of Rice Lake, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Fond Du Lac, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Minocqua, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Sheboygan, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Grantsburg, Inc.	WI	Firstar Investment Research & Management Company

The list holds 500 of the 1,066 mergers recorded for 1992.

Enforcement Actions in 1992

Action date	Agency	Institution	Action
Feb 18, 1992	OCC	The First National Bank in Hysham	Civil Money Penalty (CMP): Manning, Jere
Feb 18, 1992	OCC	The First National Bank in Hysham	Civil Money Penalty (CMP): Lawrence, John D.
Feb 18, 1992	OCC	The First National Bank in Hysham	Civil Money Penalty (CMP): Heberle, Elmer
Feb 18, 1992	OCC	Bankers Trust of Louisiana, N.A.	Civil Money Penalty (CMP): Hardesty, Robert G.
Feb 18, 1992	OCC	The First National Bank in Hysham	Civil Money Penalty (CMP): Hansen, H. Richard
Feb 18, 1992	OCC	(individual)	Civil Money Penalty (CMP): Cunningham, William
Feb 18, 1992	OCC	United Bank, N.A.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): United Bank, N.A.
Feb 13, 1992	OCC_OTS	Homebanc, A Federal Savings Bank	Supervisory Agreement: HomeBanc, A Federal Savings Bank
Feb 12, 1992	OCC_OTS	Secor Bank, FSB	Civil Money Penalty: Gordon A. Saussy
Feb 12, 1992	OCC	The First National Bank of Strasburg	Formal Agreement: The First National Bank Of Strasburg
Feb 12, 1992	OCC_OTS	Secor Bank, FSB	Civil Money Penalty: Edward M. Selfe
Feb 11, 1992	OCC_OTS	Brattleboro Savings & Loan Association	Civil Money Penalty: Brattleboro Savings and Loan Association
Feb 10, 1992	OCC_OTS	Citizens Savings Bank	Supervisory Agreement: Citizens Savings Bank, FSB
Feb 6, 1992	OCC_OTS	Salida Building and Loan Association	Supervisory Agreement: Salida Building and Loan Association
Feb 6, 1992	OCC_OTS	St. Edmond's Federal Savings Bank	Civil Money Penalty: St. Edmond's Savings and Loan Association
Feb 6, 1992	OCC	(individual)	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank
Feb 3, 1992	OCC_OTS	Secor Bank, FSB	Civil Money Penalty: William S., Jr. Pritchard
Feb 3, 1992	OCC_OTS	Secor Bank, FSB	Civil Money Penalty: William L., III Watson
Feb 3, 1992	OCC_OTS	Secor Bank, FSB	Civil Money Penalty: Thomas P. Ollinger
Feb 3, 1992	OCC_OTS	Secor Bank, FSB	Civil Money Penalty: James E., Jr. Park
Feb 3, 1992	OCC	The First National Bank of Portsmouth	Formal Agreement: The First National Bank Of Portsmouth
Feb 3, 1992	OCC_OTS	Secor Bank, FSB	Civil Money Penalty: Jack H. Shannon
Feb 3, 1992	OCC_OTS	Secor Bank, FSB	Civil Money Penalty: Hsiu WU Kwang
Feb 3, 1992	OCC_OTS	Secor Bank, FSB	Civil Money Penalty: Harold F., Jr. Miller
Feb 3, 1992	OCC_OTS	Secor Bank, FSB	Civil Money Penalty: Claude H. Moore
Feb 3, 1992	OCC_OTS	Park View Federal Savings and Loan Association	Cease and Desist: Park View Federal Saving and Loan Association
Feb 3, 1992	OCC_OTS	(individual)	Supervisory Agreement: Polify Savings and Loan Association
Feb 3, 1992	OCC_OTS	Essex Savings Bank Federal Savings Bank	Supervisory Agreement: Essex Savings Bank, F.S.B.
Feb 3, 1992	OCC_OTS	(individual)	Orders of Removal/Prohibition: Jack Ehrenhaus
Jan 31, 1992	OCC_OTS	Central Pennsylvania Savings Association, F.A.	Civil Money Penalty: Central Pennsylvania Savings Association
Jan 30, 1992	OCC_OTS	(individual)	Supervisory Agreement: Essex Savings Bank, F.S.B.
Jan 30, 1992	OCC_OTS	(individual)	Orders of Removal/Prohibition: Robert K. Hartmann
Jan 30, 1992	OCC	Gateway National Bank	Civil Money Penalty (CMP): Briggs, Michael
Jan 30, 1992	OCC_OTS	Fidelity Mutual Savings & Loan Association	Cease and Desist: Stephen R. Selverian
Jan 29, 1992	OCC_OTS	Postal Savings and Loan Association	Cease and Desist: Postal Savings and Loan Association
Jan 29, 1992	OCC_OTS	Home Federal Savings and Loan Association of Grand Island	Cease and Desist: Home Federal Savings and Loan Association of Grand Island
Jan 29, 1992	OCC_OTS	Crusader Savings Bank, F.S.B.	Civil Money Penalty: Crusader Savings Bank
Jan 28, 1992	OCC_OTS	Avondale Financial Services, Inc.	Supervisory Agreement: Avondale Federal Savings Bank
Jan 28, 1992	OCC_OTS	(individual)	Cease and Desist: James F. Carlin
Jan 28, 1992	FRB	Marathon Bank	Written Agreement: Marathon Bank, Stephens City, VA
Jan 28, 1992	OCC_OTS	(individual)	Orders of Removal/Prohibition: Barbara A. Schulz
Jan 27, 1992	OCC_OTS	Ravenna Savings and Loan Company	Supervisory Agreement: The Ravenna Savings and Loan Company
Jan 27, 1992	OCC	Woburn National Corporation	Formal Agreement: Woburn National Bank
Jan 27, 1992	OCC	Zapata National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Zapata National Bank
Jan 27, 1992	OCC	Texas National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Mercedes National Bank
Jan 27, 1992	OCC_OTS	Sun World Savings Bank, FSB	Civil Money Penalty: Phillip Holman
Jan 24, 1992	OCC	Wachovia Corporation of North Carolina	Civil Money Penalty (CMP): Wachovia Bank of North Carolina, N.A.
Jan 24, 1992	OCC_OTS	(individual)	Cease and Desist: Anthony F. Delapa
Jan 24, 1992	OCC	Wachovia Corporation of North Carolina	Securities Enforcement Action: Wachovia Bank Of North Carolina, N.A.
Jan 24, 1992	OCC	(individual)	Securities Enforcement Action: Firstier Bank, N.A.

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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