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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
Sep 1, 1992 Alden Employees Federal Credit Union MA Saint Anthony of New Bedford Federal Credit Union
Sep 1, 1992 Northeastern I E a Federal Credit Union IL Tech Credit Union
Sep 1, 1992 Bank of Montana Glasgow MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Helena MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Lewistown MT Bank of Montana, National Association
Sep 1, 1992 Bank of Dallas WI Farmers State Bank
Sep 1, 1992 Bank of Montana Missoula MT Bank of Montana, National Association
Sep 1, 1992 Kentucky National Bank of Ohio OH The National Bank and Trust Company
Sep 1, 1992 Bank of Montana Chinook MT Bank of Montana, National Association
Sep 1, 1992 Triangle Credit Union NC Vision Financial Federal Credit Union
Sep 1, 1992 Bank of Montana Shelby MT Bank of Montana, National Association
Sep 1, 1992 Vectra Bank of Federal Heights CO Vectra Bank of Englewood
Sep 1, 1992 First Bank of Butler MO BC National Banks
Sep 1, 1992 First Bank IL First Bank
Sep 1, 1992 Bank of Montana Valier MT Bank of Montana, National Association
Sep 1, 1992 The Bedford National Bank IN Bank One, Bloomington, National Association
Sep 1, 1992 The First State Bank OK BancFirst
Sep 1, 1992 (unnamed) — Vectra Bank
Sep 1, 1992 First CMNTY Cu of Kingsport TN Knoxville TVA Employees Credit Union
Sep 1, 1992 Vectra Bank of Wheat Ridge CO Vectra Bank of Englewood
Sep 1, 1992 Saint Ambrose Brunswick Federal Credit Union OH Community United Credit Union
Sep 1, 1992 Collis Employees Credit Union IA 1st Gateway Credit Union
Sep 1, 1992 Ravenswood 400 Credit Union IL Archer Heights Credit Union
Sep 1, 1992 Nativity Chapter K of C Fcu PA Viriva Community Credit Union
Aug 31, 1992 Imperial Community Federal Credit Union CA Sun Community Federal Credit Union
Aug 30, 1992 Public Service Credit Union TX Amoco Federal Credit Union
Aug 28, 1992 Chemical Trust Company of Florida, Inc. FL Chemical Bank, FSB
Aug 28, 1992 BSD Service Company CA BSD Bancorp, Inc.
Aug 26, 1992 Charlesville Inc IL Edville Bankcorp, Inc.
Aug 25, 1992 Natcan Employees Federal Credit Union CA Financial Partners Credit Union
Aug 22, 1992 First Security National Bank and Trust Company of Lexington KY Bank One, Lexington, National Association
Aug 22, 1992 The Citizens National Bank of Danville KY Bank One, Lexington, National Association
Aug 22, 1992 First Security Bank & Trust Company of Madison County KY Bank One, Lexington, National Association
Aug 22, 1992 First Security Corporation of Kentucky KY Banc One Ohio Corporation
Aug 22, 1992 First Security Bank & Trust Company of Clark County KY Bank One, Lexington, National Association
Aug 22, 1992 First State Bank of Dalton MN Midwest Bank, National Association
Aug 21, 1992 First Security Affiliates, Inc. KY First Security Corporation of Kentucky
Aug 21, 1992 Atlantic Cheinco Corporation Employees Fcu NJ Edifi Federal Credit Union
Aug 21, 1992 Citizens Fidelity Bank and Trust Company Oldham County KY PNC Bank, Kentucky, Inc.
Aug 21, 1992 The Clayton Bank and Trust Company DE PNC Bank, Delaware
Aug 20, 1992 BJS, Inc. IA Westmont Corporation
Aug 20, 1992 State Bank of Plevna KS The Alden State Bank
Aug 20, 1992 Home State Bank NE Farmers and Merchants Bank
Aug 18, 1992 Williamsburg Holding Company NE Cornerstone Bank Group, Inc.
Aug 18, 1992 Nevada National Co. NE Cornerstone Bank Group, Inc.
Aug 17, 1992 City Savings Bank of Meriden CT The Dime Savings Bank of Wallingford
Aug 15, 1992 Peoples Bank One PA Promistar Bank
Aug 14, 1992 Union National Employees Federal Credit Union NY Greater Chautauqua Federal Credit Union
Aug 13, 1992 W-CV Bancorp, Inc. WI Fortress Holdings, Inc.
Aug 10, 1992 Coastal Virginia Bank VA Xenith Bank

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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