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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
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
Oct 29, 1992 DPC of Wausau, Inc. WI Firstar Investment Research & Management Company
Oct 24, 1992 Brentwood Bank NE American National Bank of Sarpy County
Oct 24, 1992 Heritage Bank Country Club Hills IL Heritage Bank
Oct 24, 1992 Murray Envelope Empl Cu MS Sunbelt Federal Credit Union
Oct 24, 1992 Illini Bank-Stonington IL Illini Bank-East
Oct 24, 1992 Home Federal Savings Bank SC SouthTrust Bank of South Carolina, National Association
Oct 23, 1992 Parent Federal Savings Bank PA CCNB Bank, National Association
Oct 23, 1992 Security National Bank East TX Security National Bank of San Antonio
Oct 23, 1992 The Gettysburg National Bank PA CCNB Bank, National Association
Oct 22, 1992 Manufacturers Affiliated Trust Company IL Lasalle Bank Illinois
Oct 21, 1992 Summit Holding Corporation WV United Bankshares, Inc.
Oct 21, 1992 Liberty Bancshares, Inc. WV United Bankshares, Inc.
Oct 21, 1992 Montgomery National Bank WV United Bank
Oct 19, 1992 Ameritrust Bank, Howard County IN Society National Bank, Indiana
Oct 19, 1992 (unnamed) — Society National Bank, Indiana
Oct 19, 1992 Norwest Bank Nebraska Lincoln, National Association NE Wells Fargo Bank Nebraska, National Association
Oct 19, 1992 Ameritrust National Bank, Central Indiana IN Society National Bank, Indiana
Oct 17, 1992 Freedom Bank TX The Peoples State Bank
Oct 17, 1992 Bank One, Monticello IL Bank One, Champaign-Urbana
Oct 17, 1992 Inland Savings and Loan Association CA HCN Bank
Oct 17, 1992 Med Center Bank and Trust TX Augusta Financial Group, Inc.
Oct 17, 1992 Andrew Savings Bank IA Mercantile Bank of Dubuque, National Association
Oct 17, 1992 Northern Trust Bank of Florida/Sarasota, National Association FL Northern Trust, National Association
Oct 17, 1992 American National Bank of Lansing IL Bank One, National Association
Oct 16, 1992 Hemet Bancorp CA HCN Bank
Oct 16, 1992 Minnetonka National Bank MN Ameribank
Oct 15, 1992 Woodstream Fcu PA Wheatland Federal Credit Union
Oct 15, 1992 INB Financial Corporation IN NBD Indiana, Inc.
Oct 10, 1992 The Bank of Alexis IL Farmers State Bank of Western Illinois
Oct 10, 1992 Howard Empl Fcu MS Sunbelt Federal Credit Union
Oct 8, 1992 Nebraska State Bank NE Farmers and Merchants Bank
Oct 8, 1992 The Bank of Palmyra NE Farmers and Merchants Bank
Oct 8, 1992 Farmers State Bank NE Farmers and Merchants Bank
Oct 7, 1992 Belvedere Empl Fcu FL Gold Coast Federal Credit Union
Oct 3, 1992 First State Bank IA Mercantile Bank of Mount Ayr
Oct 3, 1992 Vistar Bank NE Wells Fargo Bank Nebraska, National Association
Oct 3, 1992 Wisco, Inc. IA Hawkeye Bancorporation
Oct 3, 1992 The Howard Federal Savings, F.A. NJ First Fidelity Bank, National Association, New Jersey
Oct 3, 1992 United Bancshares, Inc. NE Wells Fargo & Company
Oct 2, 1992 Great Falls Clinic Federal Credit Union MT The Family First Federal Credit Union
Oct 1, 1992 A H P Employees Federal Credit Union NY Benchmark Federal Credit Union
Oct 1, 1992 Columbia Savings, a Federal Savings and Loan Association CO Granite Bank, Federal Savings Bank
Oct 1, 1992 Security Bank of Colorado CO First United Bank, National Association
Oct 1, 1992 Illinois Banc One Corporation IL Banc One Illinois Corporation
Oct 1, 1992 Florida Home Builders Association Credit Union FL Space Coast Credit Union
Oct 1, 1992 Kerite Employees Federal Credit Union CT Science Park Federal Credit Union
Oct 1, 1992 Woodford Investment Company IL HBT Financial, Inc.
Oct 1, 1992 United Missouri Safe Deposit Company MO UMB Bank, N.A.
Oct 1, 1992 Egco Federal Credit Union NJ Synergy Bank
Oct 1, 1992 First State Bancorporation, Inc. WV CB&T Clarksburg Corp.

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

Enforcement Actions in 1992

Action date Agency Institution Action
Dec 14, 1992 OCC Security National Bank of Shreveport, Louisiana Civil Money Penalty (CMP): Godfrey, Wesley
Dec 14, 1992 FRB Vic Sather & Associates, Inc. Civil Money Penalty $5,000: Vic Sather & Associates, Inc., Bloomington, MN
Dec 14, 1992 FRB First Pacific Bancorp, Inc. Civil Money Penalty $50,000: First Pacific Bancorp, Inc., Beverly Hills, CA
Dec 14, 1992 OCC_OTS International Trust Corporation Supervisory Agreement: International Savings Bank, FSB
Dec 10, 1992 OCC (individual) Formal Agreement: Bank Of Columbia, N.A.
Dec 10, 1992 OCC The Hondo National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Hondo National Bank
Dec 10, 1992 OCC The Dauphin National Bank Formal Agreement: Dauphin National Bank
Dec 9, 1992 OCC Republic Federal Bank, N.A. Formal Agreement: Hemisphere National Bank
Dec 7, 1992 OCC_OTS (individual) Orders of Removal/Prohibition: Judy G. Lowe
Dec 7, 1992 OCC_OTS (individual) Cease and Desist: Judy G. Lowe
Dec 7, 1992 OCC_OTS (individual) Cease and Desist: Tommy M. Parker
Dec 7, 1992 FRB Greater Ohio River Company Civil Money Penalty $10,000: Greater Ohio River Company, Columbus, OH
Dec 7, 1992 OCC_OTS (individual) Orders of Removal/Prohibition: Tommy M. Parker
Dec 4, 1992 OCC_OTS (individual) Cease and Desist: Palm Beach Federal Savings Bank
Dec 4, 1992 OCC Barbary Coast National Bank Formal Agreement: Barbary Coast National Bank
Dec 3, 1992 FRB Sandquist Corp. Civil Money Penalty $5,000: Sandquist Corporation, Deer Lodge, MT
Dec 3, 1992 OCC The First National Bank in Cannon Falls Civil Money Penalty (CMP): The First National Bank In Cannon Falls
Dec 3, 1992 FRB Sandquist Corp. Civil Money Penalty $4,000: Kirk Sandquist
Dec 2, 1992 OCC Jefferson National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Jefferson National Bank
Dec 2, 1992 OCC American Bank, N.A. Formal Agreement: American Bank, N.A.
Dec 1, 1992 OCC Lone Star National Bank Formal Agreement: Lone Star National Bank
Dec 1, 1992 OCC International Corporation Civil Money Penalty (CMP): White, Milton
Dec 1, 1992 OCC International Corporation C&D or PC&D Requiring Restitution: Allison, John B.
Dec 1, 1992 FRB First Bank of Berne Written Agreement: First Bank of Berne, Berne, IN
Dec 1, 1992 OCC The Farmers and Merchants National Bank of Mart Civil Money Penalty (CMP): Kuehne, Ernest W.
Dec 1, 1992 OCC_OTS (individual) Civil Money Penalty: Neil Sain
Dec 1, 1992 OCC_OTS (individual) Cease and Desist: Neil Sain
Dec 1, 1992 OCC International Corporation Civil Money Penalty (CMP): Green, Emery
Dec 1, 1992 OCC International Corporation Civil Money Penalty (CMP): Boudreaux, Ronald
Dec 1, 1992 OCC International Corporation Civil Money Penalty (CMP): Allison, John B.
Dec 1, 1992 OCC The Farmers and Merchants National Bank of Mart Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Kuehne, Ernest W.
Dec 1, 1992 OCC International Corporation C&D or PC&D Requiring Restitution: White, Milton J.
Dec 1, 1992 OCC International Corporation C&D or PC&D Requiring Restitution: Boudreaux, Ronald J.
Dec 1, 1992 OCC United Mercantile Bank and Trust Company, N.A. Prohibition/Removal Orders: Malis, William A.
Dec 1, 1992 OCC International Corporation Prohibition/Removal Orders: Green, Emery
Nov 30, 1992 OCC Western American National Bank Formal Agreement: Western American National Bank
Nov 25, 1992 OCC_OTS Guaranty Federal Savings Bank Cease and Desist: Guaranty Federal Savings Bank
Nov 24, 1992 OCC_OTS Thatcher Financial Group, Inc. Cease and Desist: William M. White
Nov 24, 1992 OCC_OTS Thatcher Financial Group, Inc. Orders of Removal/Prohibition: William M. White
Nov 24, 1992 OCC Steel Valley Bank, N.A. Civil Money Penalty (CMP): Croft, James E.
Nov 24, 1992 OCC Steel Valley Bank, N.A. Civil Money Penalty (CMP): Miller, J.D.
Nov 24, 1992 OCC Central National Bank Corporation Formal Agreement: Central National Bank
Nov 24, 1992 OCC The First National Bank of Amenia Formal Agreement: First National Bank Of Amenia
Nov 24, 1992 OCC The Upstate National Bank Formal Agreement: First National Bank of Lisbon, The
Nov 24, 1992 OCC Enfield National Bank Prohibition/Removal Orders: Beiletti, John P.
Nov 24, 1992 FRB United Bank Corporation of New York Written Agreement: United Bank Corporation of New York, Downsville, NY
Nov 24, 1992 OCC_OTS Boston Five Financial Services, Inc. Supervisory Agreement: The Boston Five Cents Savings Bank, FSB
Nov 23, 1992 OCC Credit One Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Marin
Nov 23, 1992 OCC_OTS (individual) Supervisory Agreement: Bank Western, A FSB
Nov 20, 1992 OCC The Citizens National Bank of Hammond Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Citizens National Bank Of Hammond

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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