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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
Feb 28, 1992 Irvington FSB Glen Burnie, MD $43.8M Arundel FSB
Feb 28, 1992 Colony Savings Bank Wallingford, CT $35.7M New Haven Savings Bank
Feb 28, 1992 Alpha Indian Rock FS & La Philadelphia, PA $7.2M Roxborough-Manayunk
Feb 27, 1992 Columbia Bank Avondale, AZ $17.0M Valley NB of Arizona
Feb 21, 1992 Dollar DRY Dock Bank White Plains, NY $4.03B Emigrant Savings Bank
Feb 21, 1992 The Bank of Brandywine Valley West Chester, PA $44.9M Wilmington Trust Co
Feb 21, 1992 National City Bank Coral Springs, FL $19.0M Intercontinental Bank
Feb 14, 1992 The Central Savings Bank Lowell, MA $369.1M Massbank for Savings
Feb 7, 1992 United Savings of America, F.A. Melbourne, FL $327.2M Barnett Bank of Central FL
Feb 7, 1992 Merchants National Bank Fort Myers, FL $35.1M Founders National Trust
Feb 7, 1992 Kempton State Bank Kempton, IL $3.6M Vermilion Valley Bank
Feb 6, 1992 Landmark Bank of Forth Worth Fort Worth, TX $80.5M Central Bank&trust
Jan 31, 1992 Pelican Homestead Sa Metairie, LA $1.28B First Commerce Corp.
Jan 31, 1992 Security FSA Panama City, FL $107.1M Branch sale
Jan 31, 1992 Sentinel Bank Hartford, CT $74.8M Society for Savings
Jan 31, 1992 Fountain Bank Scottsdale, AZ $15.6M Bank of Arizona
Jan 30, 1992 Independence Bank Los Angeles, CA $535.8M —
Jan 30, 1992 Atlantic Trust Company Newington, NH $21.2M Fleet Bank-NH
Jan 24, 1992 Crossland Savings Bank, FSB Brooklyn, NY $7.43B Public stock sale
Jan 24, 1992 Banco Nacional, N.A. San Juan, PR $52.1M Eurobank&trust Co
Jan 24, 1992 Advanced FSB Northridge, CA $23.1M Deposit payout
Jan 24, 1992 American National Bank of New York Fleischmanns, NY $18.0M —
Jan 23, 1992 First State Bank Bangs, TX $16.5M Texas Bank
Jan 16, 1992 The Bank of Verde Valley Cottonwood, AZ $10.3M Stockmens Bank
Jan 10, 1992 Perpetual Savings Bank Vienna, VA $2.89B Crestar Bank
Jan 10, 1992 Hansen FSA Hammonton, NJ $572.4M Collective FSB
Jan 10, 1992 The Citizens Bank Dallas, GA $60.6M First NB of Paulding Cou
Jan 10, 1992 Hansen FSB Palm Beach Garden, FL $51.8M Fidelity FSB of FL
Jan 3, 1992 Assured Thrift and Loan Association Stockton, CA $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 St Acquirer
Sep 19, 1992 Burbank National Bank CA American Independent Bank, National Association
Sep 19, 1992 Crater Bank OR Western Bank
Sep 19, 1992 Illini Bank-Elkhart IL Illini Bank - North
Sep 18, 1992 Carpenters' Local 210 Federal Credit Union CT Western Connecticut Federal Credit Union
Sep 18, 1992 First American Savings Bank, FSB OH Charter One Bank, National Association
Sep 18, 1992 North Iowa State Bank IA Liberty Bank and Trust
Sep 17, 1992 Newtown Federal Credit Union CT Western Connecticut Federal Credit Union
Sep 16, 1992 Benbrook State Bank TX Heritage National Bank
Sep 15, 1992 Geibank Industrial Bank CO The Minnequa Bank of Pueblo
Sep 14, 1992 Manufacturers Bank, National Association MI Comerica Bank
Sep 12, 1992 Star Bank, South Central Ohio OH Star Bank, National Association, Tri State
Sep 12, 1992 Jersey Shore Savings and Loan Association NJ Santander Bank, N.A.
Sep 12, 1992 Federated Bank, S.S.B. WI Firstar Bank Milwaukee, National Association
Sep 12, 1992 El Paso State Bank TX Norwest Bank El Paso, National Association
Sep 10, 1992 Kansas National Bank and Trust Company KS Bank IV, National Association
Sep 10, 1992 KNB Bancshares, Inc. KS Fourth Financial Corporation
Sep 10, 1992 American Republic Bancorp CA Republic Bank
Sep 9, 1992 After Six Fcu PA Sun East Federal Credit Union
Sep 8, 1992 City Bancorp of Norman, Inc. OK First Fidelity Bancorp, Inc.
Sep 8, 1992 City National Bank & Trust Company OK First Fidelity Bank
Sep 5, 1992 Sunrise Bank for Savings, F.S.B. KY PNC Bank, Northern Kentucky, National Association
Sep 5, 1992 NCNB Bancorporation, Inc. FL C&S/Sovran Corporation
Sep 5, 1992 Usbancorp, Inc. FL C&S/Sovran Corporation
Sep 5, 1992 First Lima National Bank of Lima, Ohio OH (unnamed)
Sep 4, 1992 Coca-Cola Employees Credit Union UT Mountain America Federal Credit Union
Sep 4, 1992 Security Pacific Bank Washington, N.A. WA Bank of America NW, National Association
Sep 4, 1992 First Peoples Financial Corporation NJ Corestates Financial Corp
Sep 4, 1992 (unnamed) — NationsBank of Florida, National Association
Sep 4, 1992 Nationsbank Trust Company Florida, N.A. FL NationsBank of Florida, National Association
Sep 2, 1992 Southtrust of Northwest Florida, Inc. FL Southtrust of Florida, Incorporated
Sep 2, 1992 Petrolite Employees Credit Union MO Arsenal Credit Union
Sep 1, 1992 Vectra Bank of Lakewood CO Vectra Bank
Sep 1, 1992 First Gibraltar Bank, a Federal Savings Bank Plano TX California Federal Bank
Sep 1, 1992 Jefferson Bancorp, Inc. IL Banc One Illinois Corporation
Sep 1, 1992 Savannah Electric and Power Employees Credit Union GA Powerco Federal Credit Union
Sep 1, 1992 Bancard Corporation of Montana MT Bank of Montana, National Association
Sep 1, 1992 Ameriwest Bancor, Inc. AZ Bank of Scottsdale
Sep 1, 1992 Bank of Montana Anaconda MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Village MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Big Sandy MT Bank of Montana, National Association
Sep 1, 1992 Southeastern Indiana Federal Credit Union IN Cinco Family Financial Center Credit Union
Sep 1, 1992 Vectra Bank of Denver CO Vectra Bank
Sep 1, 1992 Saint Joseph Mantua Federal Credit Union OH Saints Margaret & Gregory Federal Credit Union
Sep 1, 1992 Nescor Federal Credit Union OH S T O F F E Federal Credit Union
Sep 1, 1992 Heartland Ca Federal Credit Union CA Arrowhead Federal Credit Union
Sep 1, 1992 Bank of Montana Eastside MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Havre MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Conrad MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Rudyard MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Chester MT 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
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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