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 | Assets |
|---|---|---|
| Feb 28, 1992 | Irvington FSB | $43.8M |
| Feb 28, 1992 | Colony Savings Bank | $35.7M |
| Feb 28, 1992 | Alpha Indian Rock FS & La | $7.2M |
| Feb 27, 1992 | Columbia Bank | $17.0M |
| Feb 21, 1992 | Dollar DRY Dock Bank | $4.03B |
| Feb 21, 1992 | The Bank of Brandywine Valley | $44.9M |
| Feb 21, 1992 | National City Bank | $19.0M |
| Feb 14, 1992 | The Central Savings Bank | $369.1M |
| Feb 7, 1992 | United Savings of America, F.A. | $327.2M |
| Feb 7, 1992 | Merchants National Bank | $35.1M |
| Feb 7, 1992 | Kempton State Bank | $3.6M |
| Feb 6, 1992 | Landmark Bank of Forth Worth | $80.5M |
| Jan 31, 1992 | Pelican Homestead Sa | $1.28B |
| Jan 31, 1992 | Security FSA | $107.1M |
| Jan 31, 1992 | Sentinel Bank | $74.8M |
| Jan 31, 1992 | Fountain Bank | $15.6M |
| Jan 30, 1992 | Independence Bank | $535.8M |
| Jan 30, 1992 | Atlantic Trust Company | $21.2M |
| Jan 24, 1992 | Crossland Savings Bank, FSB | $7.43B |
| Jan 24, 1992 | Banco Nacional, N.A. | $52.1M |
| Jan 24, 1992 | Advanced FSB | $23.1M |
| Jan 24, 1992 | American National Bank of New York | $18.0M |
| Jan 23, 1992 | First State Bank | $16.5M |
| Jan 16, 1992 | The Bank of Verde Valley | $10.3M |
| Jan 10, 1992 | Perpetual Savings Bank | $2.89B |
| Jan 10, 1992 | Hansen FSA | $572.4M |
| Jan 10, 1992 | The Citizens Bank | $60.6M |
| Jan 10, 1992 | Hansen FSB | $51.8M |
| Jan 3, 1992 | Assured Thrift and Loan Association | $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 | Acquirer |
|---|---|---|
| Sep 19, 1992 | Burbank National Bank | American Independent Bank, National Association |
| Sep 19, 1992 | Crater Bank | Western Bank |
| Sep 19, 1992 | Illini Bank-Elkhart | Illini Bank - North |
| Sep 18, 1992 | Carpenters' Local 210 Federal Credit Union | Western Connecticut Federal Credit Union |
| Sep 18, 1992 | First American Savings Bank, FSB | Charter One Bank, National Association |
| Sep 18, 1992 | North Iowa State Bank | Liberty Bank and Trust |
| Sep 17, 1992 | Newtown Federal Credit Union | Western Connecticut Federal Credit Union |
| Sep 16, 1992 | Benbrook State Bank | Heritage National Bank |
| Sep 15, 1992 | Geibank Industrial Bank | The Minnequa Bank of Pueblo |
| Sep 14, 1992 | Manufacturers Bank, National Association | Comerica Bank |
| Sep 12, 1992 | Star Bank, South Central Ohio | Star Bank, National Association, Tri State |
| Sep 12, 1992 | Jersey Shore Savings and Loan Association | Santander Bank, N.A. |
| Sep 12, 1992 | Federated Bank, S.S.B. | Firstar Bank Milwaukee, National Association |
| Sep 12, 1992 | El Paso State Bank | Norwest Bank El Paso, National Association |
| Sep 10, 1992 | Kansas National Bank and Trust Company | Bank IV, National Association |
| Sep 10, 1992 | KNB Bancshares, Inc. | Fourth Financial Corporation |
| Sep 10, 1992 | American Republic Bancorp | Republic Bank |
| Sep 9, 1992 | After Six Fcu | Sun East Federal Credit Union |
| Sep 8, 1992 | City Bancorp of Norman, Inc. | First Fidelity Bancorp, Inc. |
| Sep 8, 1992 | City National Bank & Trust Company | First Fidelity Bank |
| Sep 5, 1992 | Sunrise Bank for Savings, F.S.B. | PNC Bank, Northern Kentucky, National Association |
| Sep 5, 1992 | NCNB Bancorporation, Inc. | C&S/Sovran Corporation |
| Sep 5, 1992 | Usbancorp, Inc. | C&S/Sovran Corporation |
| Sep 5, 1992 | First Lima National Bank of Lima, Ohio | (unnamed) |
| Sep 4, 1992 | Coca-Cola Employees Credit Union | Mountain America Federal Credit Union |
| Sep 4, 1992 | Security Pacific Bank Washington, N.A. | Bank of America NW, National Association |
| Sep 4, 1992 | First Peoples Financial Corporation | Corestates Financial Corp |
| Sep 4, 1992 | (unnamed) | NationsBank of Florida, National Association |
| Sep 4, 1992 | Nationsbank Trust Company Florida, N.A. | NationsBank of Florida, National Association |
| Sep 2, 1992 | Southtrust of Northwest Florida, Inc. | Southtrust of Florida, Incorporated |
| Sep 2, 1992 | Petrolite Employees Credit Union | Arsenal Credit Union |
| Sep 1, 1992 | Vectra Bank of Lakewood | Vectra Bank |
| Sep 1, 1992 | First Gibraltar Bank, a Federal Savings Bank Plano | California Federal Bank |
| Sep 1, 1992 | Jefferson Bancorp, Inc. | Banc One Illinois Corporation |
| Sep 1, 1992 | Savannah Electric and Power Employees Credit Union | Powerco Federal Credit Union |
| Sep 1, 1992 | Bancard Corporation of Montana | Bank of Montana, National Association |
| Sep 1, 1992 | Ameriwest Bancor, Inc. | Bank of Scottsdale |
| Sep 1, 1992 | Bank of Montana Anaconda | Bank of Montana, National Association |
| Sep 1, 1992 | Bank of Montana Village | Bank of Montana, National Association |
| Sep 1, 1992 | Bank of Montana Big Sandy | Bank of Montana, National Association |
| Sep 1, 1992 | Southeastern Indiana Federal Credit Union | Cinco Family Financial Center Credit Union |
| Sep 1, 1992 | Vectra Bank of Denver | Vectra Bank |
| Sep 1, 1992 | Saint Joseph Mantua Federal Credit Union | Saints Margaret & Gregory Federal Credit Union |
| Sep 1, 1992 | Nescor Federal Credit Union | S T O F F E Federal Credit Union |
| Sep 1, 1992 | Heartland Ca Federal Credit Union | Arrowhead Federal Credit Union |
| Sep 1, 1992 | Bank of Montana Eastside | Bank of Montana, National Association |
| Sep 1, 1992 | Bank of Montana Havre | Bank of Montana, National Association |
| Sep 1, 1992 | Bank of Montana Conrad | Bank of Montana, National Association |
| Sep 1, 1992 | Bank of Montana Rudyard | Bank of Montana, National Association |
| Sep 1, 1992 | Bank of Montana Chester | 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 |
|---|---|---|---|
| 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 | Assets |
|---|---|---|
| Dec 10, 1992 | Citizens State Bank | $12.9M |
| Oct 16, 1992 | Freedom Bank | $20.9M |
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