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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
Dec 18, 1992 The Rushville National Bank Rushville, IN $41.6M Peoples Trust Co
Dec 18, 1992 The Bremen State Bank Bremen, KS $2.7M —
Dec 11, 1992 Meritor Savings Bank Philadelphia, PA $4.13B Mellon Bank National Ass
Dec 11, 1992 Eastland Savings Bank Woonsocket, RI $515.3M Fleet National Bank
Dec 11, 1992 Eastland Bank Woonsocket, RI $85.4M Fleet National Bank
Dec 11, 1992 Sailors & Merchants B&T Co. Vienna, VA $34.8M First Union Bank of Virg
Dec 8, 1992 Palm Beach FSA Palm Beach Garden, FL $59.4M Southbank, a FSB
Dec 4, 1992 Carteret FSB Madison, NJ $4.83B Branch sale
Dec 4, 1992 Second National, FSB Salisbury, MD $1.57B Branch sale
Dec 4, 1992 Heritage Bank for Savings Holyoke, MA $1.29B Fleet Bank of Ma N.A.
Dec 4, 1992 Security Federal Vineland, NJ $1.19B Meridian Bank, NJ
Dec 4, 1992 Burritt Interfinancial Bancorporation New Britain, CT $523.9M Derby Savings Bank
Dec 4, 1992 Huntington Pacific Thrift & Loan Huntington, CA $40.5M —
Nov 20, 1992 The Merchants Bank Kansas City, MO $1.45B Boatmen's First NB of KC
Nov 20, 1992 Polifly FS & La New Milford, NJ $458.0M Branch sale
Nov 20, 1992 Irving FB for Savings Chicago, IL $247.0M Branch sale
Nov 20, 1992 Crestline FS & La Crestline, OH $27.5M Premier B&T
Nov 13, 1992 First New York Bank for Business New York, NY $530.7M Merchants Bank of New Yo
Nov 13, 1992 Metro North State Bank Kansas City, MO $472.5M Boatmen's First NB of KC
Nov 13, 1992 Guaranty-First Trust Company Waltham, MA $353.2M Fleet Bank of Ma N.A.
Nov 13, 1992 The Overland Park FS & La Overland Park, KS $213.4M Conservative SB, FSB
Nov 13, 1992 Investors Bank and Trust Company Gretna, LA $51.6M Delta Bank&trust Co
Nov 13, 1992 Statewide Thrift and Loan Co. Redwood City, CA $9.6M Fireside Thrift Co
Nov 6, 1992 First FSB of Georgia, F.A. Winder, GA $108.2M Branch sale
Nov 6, 1992 Greenwood Bank of Bethel, Inc. Bethel, CT $33.3M Union SB of Danbury
Oct 30, 1992 First City, Texas - Houston, N.A. Houston, TX $2.80B Texas Commerce Bancshares
Oct 30, 1992 First City, Texas - Dallas, N.A. Dallas, TX $1.36B Texas Commerce Bancshares
Oct 30, 1992 Homestead FSA San Francisco, CA $1.31B Branch sale
Oct 30, 1992 First City, Texas - Beaumont, N.A. Beaumont, TX $532.2M Texas Commerce Bancshares
Oct 30, 1992 First City, Texas - Corpus Chris Corpus Christi, TX $462.8M Mercantile Bank, N.A.
Oct 30, 1992 First City, Texas - El Paso, N.A. El Paso, TX $395.9M Sunwest Bank of El Paso
Oct 30, 1992 First City, Texas - Austin, N.A. Austin, TX $345.5M The Frost National Bank
Oct 30, 1992 First City, Texas - Bryan, N.A. Bryan, TX $340.2M Victoria Bank and Trust
Oct 30, 1992 First City, Texas - Midland, N.A. Midland, TX $313.1M Texas Commerce Bancshares
Oct 30, 1992 First City, Texas - San Antonio San Antonio, TX $265.7M The Frost National Bank
Oct 30, 1992 First City, Texas - Tyler, N.A. Tyler, TX $259.2M First Commercial Corporatio
Oct 30, 1992 First City, Texas - Lufkin, N.A. Lufkin, TX $156.6M First Commercial Corporatio
Oct 30, 1992 First City, Texas - San Angelo, San Angelo, TX $142.8M First National Bank of West
Oct 30, 1992 First City, Texas - Orange, N.A. Orange, TX $132.0M First Heights Bank, FSB
Oct 30, 1992 First City, Texas - Alice, N.A. Alice, TX $128.0M Alice Bank of Texas
Oct 30, 1992 First City, Texas - Madisonville Madisonville, TX $123.4M Madisonville State Bank
Oct 30, 1992 First City, Texas - Lake Jackson Lake Jackson, TX $104.3M First Heights Bank, FSB
Oct 30, 1992 First City, Texas - Graham, N.A. Graham, TX $95.4M First National Bank of Olne
Oct 30, 1992 First City, Texas - Sour Lake Sour Lake, TX $53.5M Citizens Bank
Oct 30, 1992 First City, Texas - Aransas Pass Aransas Pass, TX $51.7M Corpus Christi National Ban
Oct 30, 1992 First City, Texas - Kountze, N.A. Kountze, TX $51.3M Citizens Bank
Oct 21, 1992 Standard FSB Gaithersburg, MD $1.72B Branch sale
Oct 16, 1992 Security FS & La Jackson, MS $276.5M Branch sale
Oct 16, 1992 Universal Bank Lanham, MD $18.0M —
Oct 9, 1992 Peidmont FSA Manassas, VA $444.6M Crestar Bank

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
Dec 1, 1992 NBD Arlington Heights Bank IL NBD Bank
Dec 1, 1992 Affiliated Banc Group, Inc. IL Comerica Incorporated
Dec 1, 1992 NBD Northfield Bank IL NBD Bank
Dec 1, 1992 First Interstate Bank of Colstrip MT First Interstate Bank
Dec 1, 1992 NBD Bank Mount Prospect, National Association IL NBD Bank
Dec 1, 1992 Team Bank TX Bank One, Texas, National Association
Dec 1, 1992 Home Owners Savings Bank Federal Savings Bank MN First Bank, Federal Savings Bank
Dec 1, 1992 NBD Glenbrook Bank IL NBD Bank
Dec 1, 1992 NBD Bank Lake Zurich, National Association IL NBD Bank
Dec 1, 1992 NBD Bank Elgin, National Association IL NBD Bank
Dec 1, 1992 The First National Bank in Hysham MT Farmers State Bank of Worden
Dec 1, 1992 Norbanc Lease, Inc. PA PNC Bank, Northeast PA
Dec 1, 1992 Waldorf State Bank MN Roundbank
Dec 1, 1992 Norbanc Realty Company, Inc. PA PNC Bank, Northeast PA
Dec 1, 1992 NBD Bank Evanston, National Association IL NBD Bank
Dec 1, 1992 Citizens Bank of Live Oak FL CNB National Bank
Dec 1, 1992 NBD Winfield Bank IL NBD Bank
Dec 1, 1992 Bank of Chicago-Lakeshore IL Bank of Chicago, S.B.
Dec 1, 1992 Community Homestead Association LA Teche Federal Bank
Dec 1, 1992 First Interstate Bank of Billings Heights MT First Interstate Bank
Dec 1, 1992 Saint Georges Parish Federal Credit Union MA Westport Federal Credit Union
Nov 30, 1992 First Western Federal Savings and Loan Association OK Interbank
Nov 30, 1992 St. Stephen Bancorporation, Inc. MN Saint Stephen Bangroup, Inc.
Nov 30, 1992 Hindley Employees Credit Union RI Navigant Credit Union
Nov 30, 1992 Spokane MSC Federal Credit Union WA United Health Services Credit Union
Nov 28, 1992 Trans Financial Bank of Tennessee, Federal Savings Bank TN Trans Financial Bank of Tennessee, Federal Savings Bank
Nov 24, 1992 Medical Health Group Fcu TX America's Credit Union
Nov 22, 1992 First Western Federal Savings Association of Wenatchee WA First Western Bank, a Federal Savings Bank
Nov 21, 1992 Merchants Bancorp, Inc. PA Fidelcor, Inc.
Nov 21, 1992 Linden Rheem Employees Federal Credit Union NJ The Atlantic Federal Credit Union
Nov 21, 1992 Central Credit Union NH Granite State Credit Union
Nov 21, 1992 First American Savings, F.A. PA Provident National Bank
Nov 21, 1992 SafraBank National Association FL Republic Bank for Savings, N.A.
Nov 21, 1992 Hancock Federal Savings and Loan Association IL First Community Bank
Nov 21, 1992 Brandywine Savings and Loan Association PA Provident National Bank
Nov 19, 1992 River Oaks Bank TX Compass Bank
Nov 18, 1992 WRB Bancshares, Inc. OK INTRUST Financial Corporation
Nov 17, 1992 AT&M Corp Employees Credit Union NY Erie County Employees Credit Union
Nov 16, 1992 Jasand, Inc. IA Hawkeye Bancorporation
Nov 16, 1992 The Bank of Massachusetts, Inc. d/b/a/ Century Bank/Suffolk MA Century Bank and Trust Company
Nov 16, 1992 Century North Shore Bank and Trust Company MA Century Bank and Trust Company
Nov 16, 1992 Valley First National Bank of Beaver Dam WI Valley Bank, South Central (National Association)
Nov 16, 1992 Bigelow Sandford Employees Federal Credit Union SC Southern Select Community Cu
Nov 16, 1992 Cole Taylor Bank/Yorktown IL Cole Taylor Bank
Nov 16, 1992 Community Bank & Trust N.A. of Randolph County WV Community Bank and Trust of Randolph County
Nov 14, 1992 Louisville Public Library Credit Union KY Transcend Credit Union
Nov 13, 1992 First Fidelity Bank, National Association, North Jersey NJ First Fidelity Bank, National Association, New Jersey
Nov 13, 1992 Edmonds National Bank WA Frontier Bank
Nov 11, 1992 Dakota First Trust Company ND First Trust Company of North Dakota N.A.
Nov 10, 1992 American Bank MO (unnamed)

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

Enforcement Actions in 1992

Action date Agency Institution Action
Nov 20, 1992 OCC International Corporation C&D or PC&D Requiring Restitution: Green, Emery
Nov 20, 1992 FRB Mission Bancshares, Inc. Cease and Desist Order: Mission Bancshares, Inc., Mission, KS
Nov 20, 1992 FRB One Security, Inc. Cease and Desist Order: One Security, Inc., Kansas City, MO
Nov 20, 1992 FRB Valley View Bancshares, Inc. Cease and Desist Order: Valley View Bancshares, Inc., Overland Park, KS
Nov 20, 1992 FRB Industrial Bancshares, Inc. Cease and Desist Order: Industrial Bancshares, Inc., Kansas City, MS
Nov 19, 1992 OCC_OTS Key Florida Bancorp, Inc. Supervisory Agreement: Key Florida Bank, F.S.B.
Nov 19, 1992 OCC (individual) Civil Money Penalty (CMP): Hudgins, George D.
Nov 18, 1992 OCC_OTS (individual) Supervisory Agreement: Tracy Federal Bank, F.S.B.
Nov 18, 1992 OCC Duncanville National Bank Civil Money Penalty (CMP): Hearon, Helenlee
Nov 18, 1992 OCC City National Bank Formal Agreement: City National Bank
Nov 18, 1992 OCC First National Bank of North County Formal Agreement: First National Bank Of North County
Nov 18, 1992 OCC_OTS Cascade Financial Corporation Orders of Removal/Prohibition: Jess T. Simpson
Nov 18, 1992 OCC_OTS Lincoln Savings and Loan Association, F.A. Orders of Removal/Prohibition: Lee H. Henkel Jr.
Nov 17, 1992 OCC The First National Bank of Paonia Civil Money Penalty (CMP): Anderson, Gerald E.
Nov 17, 1992 OCC The First National Bank of Paonia Civil Money Penalty (CMP): Snyder, Len J.
Nov 17, 1992 OCC The First National Bank of Van Alstyne Civil Money Penalty (CMP): Hynds, Michael R.
Nov 17, 1992 FRB Pitcairn Private Bank Written Agreement: Pitcairn Private Bank and Pitcairn Bancorp, Inc., Jenkintown, PA
Nov 17, 1992 FRB CBC Bank Civil Money Penalty $5,000: Kent Carruthers
Nov 17, 1992 FRB CBC Bank Civil Money Penalty $10,000: Lynell G. Skarda
Nov 17, 1992 FRB CBC Bank Civil Money Penalty $5,000: Langdon L. Skarda
Nov 17, 1992 FRB CBC Bank Civil Money Penalty $10,000: CBC, Inc., Clovis, NM
Nov 16, 1992 OCC The Valley View National Bank Civil Money Penalty (CMP): Wilson, Mike
Nov 16, 1992 FRB Farmers Bank and Trust Company Prohibition from Banking: Gaylon M. Lawrence, Sr.
Nov 16, 1992 OCC_OTS Lincoln Park Savings Bank Cease and Desist: Lincoln Park Federal Savings and Loan Association
Nov 13, 1992 OCC Duncanville National Bank Civil Money Penalty (CMP): Acton, Charles D.
Nov 13, 1992 OCC Duncanville National Bank Civil Money Penalty (CMP): Cummins, Edward F.
Nov 13, 1992 OCC Duncanville National Bank Civil Money Penalty (CMP): Heafner, Robert
Nov 12, 1992 OCC Huntington National Bank Formal Agreement: Huntington National Bank
Nov 12, 1992 OCC Amerant Bank, N.A. Formal Agreement: Commercebank, N. A.
Nov 10, 1992 OCC The Oakland National Bank Civil Money Penalty (CMP): Mooney, Norman J.
Nov 10, 1992 OCC The Oakland National Bank Prohibition/Removal Orders: Mooney, Norman J.
Nov 10, 1992 OCC The Oakland National Bank Prohibition/Removal Orders: Miller, Max
Nov 10, 1992 OCC The Oakland National Bank Prohibition/Removal Orders: Greathouse, Carlyle
Nov 10, 1992 OCC El Segundo First National Bank Formal Agreement: El Segundo First National Bank
Nov 10, 1992 OCC_OTS Rochelle Savings and Loan Association Civil Money Penalty: John D. Basler
Nov 10, 1992 OCC The Oakland National Bank Civil Money Penalty (CMP): Miller, Max
Nov 10, 1992 OCC The Oakland National Bank Civil Money Penalty (CMP): Greathouse, Carlyle
Nov 10, 1992 OCC Continental National Bank of Miami Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Continental National Bank Of Miami
Nov 9, 1992 OCC BOKF, N.A. Securities Enforcement Action: Dodd, James
Nov 9, 1992 OCC BOKF, N.A. Securities Enforcement Action: Suliburk, William
Nov 9, 1992 OCC BOKF, N.A. Securities Enforcement Action: Denny, Robert
Nov 9, 1992 OCC Peoples National Corporation Formal Agreement: Peoples National Bank
Nov 9, 1992 OCC_OTS Abbeville Savings and Loan Association Supervisory Agreement: Abbeville Savings and Loan Association
Nov 5, 1992 OCC The First National Bank of Fletcher Formal Agreement: First National Bank Of Fletcher
Nov 4, 1992 OCC_OTS First Federal Savings and Loan Association of Nevada Orders of Removal/Prohibition: Charles E. Crews
Nov 4, 1992 OCC Republic Federal Bank, N.A. Prohibition/Removal Orders: Fuentes, Jose
Nov 4, 1992 OCC_OTS Home Federal Bank, Savings Bank Civil Money Penalty: Edward Hale
Nov 4, 1992 OCC_OTS First Federal Savings Bank of South Dakota Cease and Desist: Eldon Swingler
Nov 4, 1992 OCC_OTS First Federal Savings Bank of South Dakota Orders of Removal/Prohibition: Eldon Singler
Nov 4, 1992 OCC_OTS (individual) Supervisory Agreement: Columbia Savings and Loan Assciation

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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