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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 31, 1992 (unnamed) — Rabobank, N.A.
Dec 31, 1992 First Bank/Las Colinas TX First Bank Texas National Association
Dec 31, 1992 Century Bancshares, Inc. KS Team Financial, Inc.
Dec 31, 1992 Kentucky State Bank of Scottsville, Kentucky KY Trans Financial Bank, N.A.
Dec 31, 1992 First Carolina Bank & Trust Company NC Mid-South Bank and Trust Company
Dec 31, 1992 (unnamed) — The Bank of San Diego
Dec 31, 1992 Orange Federal Savings and Loan Association NC RBC Bank (USA)
Dec 31, 1992 Dawson Springs Bancorp, Inc. KY Trans Financial, Inc.
Dec 31, 1992 First Commercial Bancshares, Inc. AL Synovus Financial Corp. of Alabama
Dec 31, 1992 Security FS&LA Nashville TN Regions Bank of Tennessee
Dec 31, 1992 Fidelcor Business Service of N.J. NJ Fidelcor, Inc.
Dec 31, 1992 Keney Mutual Benefit Association Credit Union CT Kief Protective Mutual Benefit Assn Credit Union
Dec 31, 1992 (unnamed) — The Bank of San Diego
Dec 31, 1992 United Bank of Kansas, Inc. KS Fourth Financial Corporation
Dec 31, 1992 U.N.D.C. Credit Union UT San Juan Credit Union
Dec 31, 1992 Electrical WKRS No 136 Fcu AL Legacy Community Federal Credit Union
Dec 31, 1992 First National Bank, Martinsville IN First National Bank & Trust
Dec 31, 1992 Clinton Federal Savings and Loan Association IA Firstar National Bank
Dec 31, 1992 Li Holding Corporation NY Fleet New York, Inc.
Dec 31, 1992 Bank Shares Incorporated MN U.S. Bancorp
Dec 31, 1992 Commercial Bank of Dawson KY Trans Financial Bank, N.A.
Dec 31, 1992 The Peoples National Bank of Liberal KS Bank IV, National Association
Dec 31, 1992 Great Western Bank, a Savings Bank WA Great Western Bank, a Federal Savings Bank
Dec 30, 1992 Gte Sylvania Lycoming Area Fcu PA Horizon Federal Credit Union
Dec 30, 1992 Fourth National Corporation OK Fourth Financial Corporation
Dec 30, 1992 First Carrollton Bancshares, Inc. MO Carrollton Bancshares Corporation
Dec 29, 1992 First Charlotte Mortgage Company NC First Charlotte Bank and Trust Company
Dec 29, 1992 Tsi Graphics Credit Union MO Neighbors Credit Union
Dec 28, 1992 I.B.E.W. #449 Credit Union ID Connections Credit Union
Dec 23, 1992 Southwest Bank of Hickory County MO Southwest Bank
Dec 23, 1992 Southwest Bank, National Association MO Southwest Bank
Dec 23, 1992 First Western National Bank TX Compass Bank-Dallas
Dec 23, 1992 Southwest Bank of Buffalo MO Southwest Bank
Dec 22, 1992 Yankee Capital Corporation MA Baybanks, Inc.
Dec 21, 1992 Mooresville Savings Bank, a Federal Savings Bank IN First Indiana Bank, National Association
Dec 21, 1992 Self Reliance Kerhonkson Federal Credit Union NY Self Reliance Financial Federal Credit Union
Dec 21, 1992 First Trident Savings and Loan Corporation SC The National Bank of South Carolina
Dec 21, 1992 First Federal Savings and Loan Association of Rushville IN First Indiana Bank, National Association
Dec 19, 1992 Southtrust Bank of Tampa FL SouthTrust Bank of Florida, National Association
Dec 18, 1992 The Peoples Bank of Front Royal VA Jefferson National Bank
Dec 18, 1992 Heintz Employees Federal Credit Union PA Trumark Credit Union
Dec 17, 1992 McKeesport Postal Employees Credit Union PA Parkview Community Federal Credit Union
Dec 16, 1992 Pruett, Crane and Lucky's Credit Union TN Trust Federal Credit Union
Dec 16, 1992 American Charter Federal Savings and Loan Association NE First Bank, Federal Savings Bank
Dec 15, 1992 Ellis County Teachers Credit Union KS Farmers Credit Union
Dec 14, 1992 Harbor Country Banking Company MI Fifth Third Bank, Indiana
Dec 13, 1992 Deerbrook State Bank IL Devon Bank
Dec 12, 1992 First FS&LA GA First Liberty Bank
Dec 12, 1992 Ripley Ussco Federal Credit Union OH Members Trust Federal Credit Union
Dec 12, 1992 First Chicago Bank for Savings, F.S.B. IL Heritage Bank

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

Enforcement Actions in 1992

Action date Agency Institution Action
Nov 4, 1992 OCC_OTS First Federal Savings Bank of South Dakota Civil Money Penalty: Eldon Swingler
Nov 4, 1992 OCC_OTS American Savings Bank of Danville Supervisory Agreement: American Savngs and Loan Assocaiton of Danville
Oct 31, 1992 FRB (individual) Written Agreement: Heritage Bank, McLean, VA
Oct 30, 1992 OCC_OTS Liberty Trust & Savings Bank Civil Money Penalty: Liberty Savings Bank FSB
Oct 30, 1992 OCC_OTS Hyde Park Co-operative Bank Cease and Desist: Hyde Park Co-Operative Bank
Oct 30, 1992 OCC (individual) Civil Money Penalty (CMP): Houser, Richard L.
Oct 30, 1992 OCC_OTS Oak Tree Federal Savings Bank Orders of Removal/Prohibition: Mohamad Motahari
Oct 30, 1992 OCC_OTS Oak Tree Federal Savings Bank Orders of Removal/Prohibition: David Scott (a/k/a D. Scott) Cone
Oct 29, 1992 OCC Steel Valley Bank, N.A. Civil Money Penalty (CMP): Ellanovitz, Ada
Oct 29, 1992 OCC_OTS American Savings and Loan Association of Florida Cease and Desist: Wayne N. Nellums
Oct 29, 1992 FRB Columbus Junction State Bank Written Agreement: Columbus Junction State Bank, Columbus Junction, IA
Oct 29, 1992 FRB Midwest Securities Trust Company Cease and Desist Order: Midwest Securities Trust Company, Chicago, IL
Oct 29, 1992 FRB Commercial National Corporation Written Agreement: Khalid Bin Mahfouz
Oct 29, 1992 FRB Nesb Corp Written Agreement: NESB Corp., New London, CT
Oct 28, 1992 OCC_OTS (individual) Supervisory Agreement: Citizens Savings Bank, FSB
Oct 28, 1992 OCC Duncanville National Bank Civil Money Penalty (CMP): Staples, Robert
Oct 28, 1992 OCC Consumer National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Consumer National Bank
Oct 27, 1992 OCC_OTS American Savings and Loan Association of Bloomfield Cease and Desist: American Savings and Loan Association of Bloomfield
Oct 27, 1992 OCC_OTS Bay Federal Savings Bank Orders of Removal/Prohibition: Andrew M. Jacobson
Oct 27, 1992 OCC_OTS Rochelle Savings and Loan Association Civil Money Penalty: Warren A. Seebach
Oct 27, 1992 OCC_OTS Rochelle Savings and Loan Association Civil Money Penalty: Frank E. Hewitt
Oct 27, 1992 OCC_OTS American Savings and Loan Association of Florida Cease and Desist: Scott A. Bailey
Oct 27, 1992 OCC_OTS Fidelity Federal Savings Bank Cease and Desist: Fidelity Federal Savings Bank
Oct 26, 1992 FRB (individual) Written Agreement: Farmers Savings Bank, Northwood, OH
Oct 26, 1992 OCC United Bank of Absarokee, N.A. Formal Agreement: United Bank Of Absarokee, N.A.
Oct 26, 1992 OCC (individual) Formal Agreement: Merchants National Bank
Oct 26, 1992 OCC Steel Valley Bank, N.A. Civil Money Penalty (CMP): McKim, David
Oct 23, 1992 OCC_OTS Security Federal Corporation Supervisory Agreement: Tool Group
Oct 23, 1992 OCC_OTS Security Federal Corporation Supervisory Agreement: Weeks Group
Oct 23, 1992 FRB Wahoo State Bank Written Agreement: Wahoo State Bank, Wahoo, NE
Oct 22, 1992 FRB People's Mutual Holdings Written Agreement: People's Mutual Holdings, Inc., Bridgeport, CT
Oct 22, 1992 OCC First National Bank of Pasco Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Pasco
Oct 22, 1992 OCC The First National Bank of Trinity Formal Agreement: First National Bank Of Trinity
Oct 21, 1992 OCC Lone Star National Bank Prohibition/Removal Orders: Gordon, Gary A.
Oct 21, 1992 OCC_OTS First Federal Savings Bank of Florida Supervisory Agreement: First Federal Savings Bank of Florida
Oct 20, 1992 FRB (individual) Written Agreement: High Point Financial Corporation, Branchville, NJ
Oct 20, 1992 OCC Bank of Lodi, N.A. Formal Agreement: Bank Of Lodi, N.A.
Oct 19, 1992 OCC_OTS Charter Federal Savings and Loan Association Cease and Desist: Jane W. Darden
Oct 19, 1992 OCC_OTS Charter Federal Savings and Loan Association Cease and Desist: Floyd H. Mann
Oct 19, 1992 OCC National Bank of Georgia Corporation Formal Agreement: The Georgia National Bank
Oct 19, 1992 OCC_OTS First Georgia Savings Bank, FSB Supervisory Agreement: First Georgia Savings Bank, F.S.B.
Oct 19, 1992 OCC_OTS Charter Federal Savings and Loan Association Cease and Desist: William C. Gladden
Oct 19, 1992 OCC_OTS Charter Federal Savings and Loan Association Cease and Desist: William B. Hudson
Oct 16, 1992 OCC_OTS The Overland Park Federal Savings and Loan Association Civil Money Penalty: Fred N. III Coulson
Oct 16, 1992 OCC_OTS The Overland Park Federal Savings and Loan Association Cease and Desist: Fred N. III Coulson
Oct 16, 1992 OCC_OTS Mercantile Federal Savings Bank Cease and Desist: James C. Hodge
Oct 16, 1992 OCC_OTS The Overland Park Federal Savings and Loan Association Cease and Desist: Wilson Siemens
Oct 16, 1992 OCC_OTS The Overland Park Federal Savings and Loan Association Civil Money Penalty: Anne Ralls
Oct 16, 1992 OCC_OTS Mercantile Federal Savings Bank Civil Money Penalty: James C. Hodge
Oct 16, 1992 OCC_OTS The Overland Park Federal Savings and Loan Association Civil Money Penalty: Wilson Siemens

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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