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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
Oct 1, 1992 Bank of Mill Creek WV Mountain Valley Bank, N.A.
Oct 1, 1992 Gte Arkansas Employees Credit Union AR Qualtrust Credit Union
Oct 1, 1992 Butler Area Credit Union PA Usx Federal Credit Union
Oct 1, 1992 M&I Tri-County Bank WI M&I Central Bank & Trust
Oct 1, 1992 Contoocock Valley Federal Credit Union NH Granite State Credit Union
Oct 1, 1992 Papermakers Credit Union MI Kalsee Credit Union
Oct 1, 1992 RT & E Federal Credit Union TX Texas Plains Federal Credit Union
Oct 1, 1992 Conna Employees Credit Union KY L&N Federal Credit Union
Oct 1, 1992 Tcta Federal Credit Union MD Educational Systems Federal Credit Union
Oct 1, 1992 M B F Employees Credit Union IA Greenstate Credit Union
Oct 1, 1992 Holy Cross Federal Credit Union KY Northern Kentucky Federal Credit Union
Oct 1, 1992 Saint Francis Desales Akron Federal Credit Union OH B F G Federal Credit Union
Oct 1, 1992 Fleet Bank of New York, National Association NY Fleet Bank
Oct 1, 1992 Independent Credit Association Federal Credit Union SC CPM Federal Credit Union
Oct 1, 1992 Ameritrust Southeast National Association FL Key Trust Company of Florida, N.A.
Oct 1, 1992 First Federal Savings and Loan Association of Platteville WI Clare Bank, N.A.
Oct 1, 1992 Interbanc FL Intercontinental Bank, National Association
Oct 1, 1992 Associated Greyhound Employees Federal Credit Union VA Peoples Advantage Federal Credit Union
Oct 1, 1992 Santa Fe Wichita Credit Union KS Wheat State Credit Union
Oct 1, 1992 Anderson Industries Federal Credit Union TX OmniAmerican Bank
Oct 1, 1992 Durfee Attleboro Bank MA South Shore Bank
Oct 1, 1992 Livingston Federal Credit Union CA California Bear Credit Union
Oct 1, 1992 The Falmouth National Bank MA South Shore Bank
Oct 1, 1992 Westinghouse Blairsville Federal Credit Union PA Kennametal Employees Federal Credit Union
Oct 1, 1992 SMW Federal Credit Union DE Delaware First Federal Credit Union
Oct 1, 1992 Wheatbelt Credit Union KS Golden Plains Credit Union
Oct 1, 1992 Inter-County Savings Bank NY Mid-Hudson Savings Bank FSB
Oct 1, 1992 Charlottesville City Employees Federal Credit Union VA University of Virginia Community Credit Union, Inc.
Oct 1, 1992 Lennox Federal Credit Union TX Lennox Employees Credit Union
Oct 1, 1992 B V D Fcu LA Formation Federal Credit Union
Oct 1, 1992 Security Bank of Commerce MI First of America Bank-Southeast Michigan, National Association
Oct 1, 1992 (unnamed) — North Fork Bank
Sep 30, 1992 Security Financial Banking & Savings Federal Savings Bank MN First Bank, Federal Savings Bank
Sep 30, 1992 First National Bank of Gun Barrel City TX The First National Bank of Athens
Sep 30, 1992 WCMH Federal Credit Union PA Valor Federal Credit Union
Sep 30, 1992 North Texas Central Credit Union TX First Class American Credit Union
Sep 30, 1992 Cottage Savings Association, F.A. OH First Financial Savings Association, F.A.
Sep 30, 1992 First Apache Bancshares, Inc. OK First Bank of Apache
Sep 28, 1992 Ameritrust Development Bank OH KeyBank N.A.
Sep 26, 1992 The Provident Institution for Savings in the Town of Boston MA Fleet National Bank of Massachusetts
Sep 26, 1992 Hub National Bank NJ Hudson United Bank
Sep 26, 1992 Southern Bancshares, Inc. AR Security Bancshares, Inc.
Sep 25, 1992 Landmark Savings Association PA National City Bank of Pennsylvania
Sep 25, 1992 Summit Hill Trust Company PA The Citizens National Bank
Sep 22, 1992 Grasselli New Jersey Employee Federal Credit Union NJ Mid-State Federal Credit Union
Sep 21, 1992 The First National Bank of Deport TX Guaranty Bank & Trust, N.A.
Sep 21, 1992 (unnamed) — Wauneta Falls Bank, National Association
Sep 19, 1992 Standard Bank and Trust Company of Hickory Hills IL Standard Bank and Trust Company
Sep 19, 1992 First Peoples Bank of New Jersey NJ New Jersey National Bank
Sep 19, 1992 Lawrence National Bank and Trust Co. KS (unnamed)

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

Enforcement Actions in 1992

Action date Agency Institution Action
Jan 24, 1992 OCC Bank One, Texas, National Association Securities Enforcement Action: Bank One, Texas, N.A.
Jan 24, 1992 OCC American National Bank and Trust Company Securities Enforcement Action: American National Bank And Trust Company
Jan 24, 1992 OCC (individual) Civil Money Penalty (CMP): Firstier Bank, N.A.
Jan 24, 1992 OCC Bank One, Texas, National Association Civil Money Penalty (CMP): Bank One, Texas, N.A.
Jan 24, 1992 OCC American National Bank and Trust Company Civil Money Penalty (CMP): American National Bank & Trust Company
Jan 24, 1992 OCC First Commercial Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Commercial Bank, N.A.
Jan 24, 1992 FRB Society for Savings Written Agreement: Society for Savings Bancorp, Hartford, CT
Jan 23, 1992 OCC_OTS Central West End Bank, A Federal Savings Bank Cease and Desist: Thomas A. Scatizzi
Jan 23, 1992 OCC_OTS United Northern Federal Savings Bank Cease and Desist: United Northern Federal Savings Bank
Jan 23, 1992 OCC_OTS Central West End Bank, A Federal Savings Bank Civil Money Penalty: Thomas A. Scatizzi
Jan 22, 1992 OCC Continental National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Continental National Bank
Jan 22, 1992 OCC Montgomery County National Bank Formal Agreement: Montgomery National Bank
Jan 22, 1992 OCC_OTS The Findlay Savings Bank Supervisory Agreement: The Findlay Savings Bank
Jan 21, 1992 OCC City National Bank of New Jersey Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): City National Bank Of New Jersey
Jan 21, 1992 OCC_OTS (individual) Supervisory Agreement: First Federal Bank, FSB
Jan 21, 1992 OCC_OTS Home Federal Savings and Loan Association of Grand Island Supervisory Agreement: Federal Savings and Loan Association of Grand Island
Jan 21, 1992 OCC First National Bank of St. Bernard Parish Civil Money Penalty (CMP): Butler, Edward
Jan 21, 1992 FRB Bank of the Commonwealth Written Agreement: Bank of the Commonwealth, Norfolk, VA
Jan 19, 1992 OCC_OTS American Home Savings and Loan Association Civil Money Penalty: American Home S&LA
Jan 19, 1992 OCC_OTS (individual) Civil Money Penalty: Robert Yeckel
Jan 17, 1992 OCC BNY Mellon, N.A. Civil Money Penalty (CMP): Mellon Bank, N.A.
Jan 17, 1992 OCC Marquette Financial Services, Inc Civil Money Penalty (CMP): Marquette Bank Minneapolis, National Association
Jan 17, 1992 OCC (individual) Civil Money Penalty (CMP): Lasalle National Bank
Jan 17, 1992 OCC INB Financial Corporation Civil Money Penalty (CMP): Inb National Bank
Jan 17, 1992 OCC First Wisconsin National Bank of Milwaukee Civil Money Penalty (CMP): First Wisconsin National Bank Of Milwaukee
Jan 17, 1992 OCC First Tennessee Bank, National Association Civil Money Penalty (CMP): First Tennessee Bank National Association
Jan 17, 1992 OCC The First National Bank of Maryland Civil Money Penalty (CMP): First National Bank Of Maryland
Jan 17, 1992 OCC First National Bank of Louisville Civil Money Penalty (CMP): First National Bank Of Louisville
Jan 17, 1992 OCC First Commerce Financial Corporation Civil Money Penalty (CMP): First National Bank Of Commerce
Jan 17, 1992 OCC First Fidelity Incorporated Civil Money Penalty (CMP): First Fidelity Bank, N.A., New Jersey
Jan 17, 1992 OCC First City, Texas - Houston, N.A. Civil Money Penalty (CMP): First City, Texas - Houston, N.A.
Jan 17, 1992 OCC First American National Bank of Nashville Civil Money Penalty (CMP): First American National Bank Of Nashville
Jan 17, 1992 OCC Deposit Guaranty Corp. Civil Money Penalty (CMP): Deposit Guaranty National Bank
Jan 17, 1992 OCC Continental Bank Corporation Civil Money Penalty (CMP): Continental Bank, National Association
Jan 17, 1992 OCC Commerce Bank Civil Money Penalty (CMP): Commerce Bank, National Association
Jan 17, 1992 OCC AmeriTrust Company National Association Civil Money Penalty (CMP): Ameritrust Company National Association
Jan 17, 1992 OCC First Fidelity Incorporated Securities Enforcement Action: First Fidelity Bank, N.A., New Jersey
Jan 17, 1992 OCC First City, Texas - Houston, N.A. Securities Enforcement Action: First City, Texas - Houston, N.A.
Jan 17, 1992 OCC First American National Bank of Nashville Securities Enforcement Action: First American National Bank Of Nashville
Jan 17, 1992 OCC Deposit Guaranty Corp. Securities Enforcement Action: Deposit Guaranty National Bank
Jan 17, 1992 OCC Continental Bank Corporation Securities Enforcement Action: Continental Bank, National Association
Jan 17, 1992 OCC (individual) Securities Enforcement Action: Commerce Bank Of Kansas City
Jan 17, 1992 OCC AmeriTrust Company National Association Securities Enforcement Action: Ameritrust Company National Association
Jan 17, 1992 OCC (individual) Civil Money Penalty (CMP): United Missouri Bank Of Kansas City, N.A.
Jan 17, 1992 OCC (individual) Civil Money Penalty (CMP): The Boatmen's National Bank Of St. Louis
Jan 17, 1992 OCC Centerre Bank N.A. Civil Money Penalty (CMP): The Boatmen's National Bank Of St. Louis
Jan 17, 1992 OCC South Carolina National Corporation Civil Money Penalty (CMP): South Carolina National Bank, The
Jan 17, 1992 OCC Security Pacific National Bank Civil Money Penalty (CMP): Security Pacific National Bank
Jan 17, 1992 OCC Mercantile Bank of St. Louis National Association Civil Money Penalty (CMP): Mercantile Bank Of St. Louis, N.A.
Jan 17, 1992 OCC First National Bank of Louisville Securities Enforcement Action: First National Bank Of Louisville

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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