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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
Oct 2, 1992 The Howard Savings Bank Newark, NJ $3.46B First Fidelity Bank Na N
Oct 2, 1992 First Constitution Bank New Haven, CT $1.57B First Federal Bank a FSB
Oct 2, 1992 Eastwest Bank, N.A. Kihei, HI $3.8M First Hawaiian Bank
Sep 25, 1992 Hometown Bank Edison, NJ $25.2M Somerset Trust Co
Sep 25, 1992 Highlands Community Bank, N.A. Clinton Township, NJ $19.7M Somerset Trust Co
Sep 24, 1992 First Exchange Bank of Little Rock Little Rock, AR $24.7M First Commercial Bank N.A.
Sep 18, 1992 Plymouth Five Cents Savings Bank Plymouth, MA $221.0M Citizens Bank of MA
Sep 18, 1992 The Washington Bank Fairfax County, VA $28.1M George Mason Bank
Sep 10, 1992 The First National Bank of Yorktown Yorktown, TX $34.4M Citizens Bank
Aug 28, 1992 The Union Savings Bank Patchogue, NY $491.1M Home Federal Savings Ban
Aug 28, 1992 Seacoast Savings Bank Dover, NH $84.8M First S&LA of New Hampsh
Aug 28, 1992 Potomac FSB Silver Spring, MD $72.3M Maryland FS&LA
Aug 21, 1992 Attleboro Pawtucket SB Pawtucket, MA $632.5M New Bedford Inst for SVG
Aug 21, 1992 Birmingham FSB Birmingham, AL $91.8M First Commercial Bank
Aug 14, 1992 Winchendon Savings Bank Winchendon, MA $65.2M Athol Savings Bank
Aug 7, 1992 Citadel FS & La Charleston, SC $39.0M Carolina First Bank
Aug 7, 1992 Foxworth Bank Foxworth, MS $36.5M Trustmark National Bank
Jul 31, 1992 Massachusetts Bank & Trust Co. Brockton, MA $61.8M Haymarket Coop Bank
Jul 24, 1992 First Russell County Phenix City, AL $87.0M Branch sale
Jul 23, 1992 First National Bank of Texas Webster, TX $92.1M First Prosperity Bank
Jul 17, 1992 New England FSA Wellesley, MA $137.3M Cambridgeport Bank
Jul 17, 1992 Liberty FSB Warrenton, VA $92.0M Jefferson NB
Jul 17, 1992 State Bank of Springfield Springfield, MN $30.3M Southwest State Bank
Jul 10, 1992 Transohio, FSB Cleveland, OH $3.37B Branch sale
Jul 10, 1992 Home FSB Norfolk, VA $224.2M Home SB, FSB
Jul 10, 1992 Southern FSA of Georgia Atlanta, GA $160.0M Branch sale
Jul 6, 1992 Homefed Bank, F.A. San Diego, CA $12.18B Branch sale
Jun 26, 1992 Jacksonville FSA Jacksonville, FL $150.9M First Union NB of FL
Jun 26, 1992 Olympic International Bank & Trust Boston, MA $140.3M Haymarket Coop Bank
Jun 26, 1992 The Somersworth Bank Somersworth, NH $114.1M New Dartmouth Bank
Jun 26, 1992 Vernon Bank Vernon, CT $34.3M Bank of South Windsor
Jun 25, 1992 American National Bank - Post Oak Houston, TX $24.7M First Prosperity Bank
Jun 25, 1992 Castle Hills National Bank San Antonio, TX $13.8M International BK of Com
Jun 19, 1992 Coastal FSB New London, CT $238.2M Branch sale
Jun 19, 1992 First Home FSA Pittsburgh, PA $131.7M First Home FSB, FSB
Jun 19, 1992 First Newport FSB Newport Beach, CA $35.0M Sterling B&T, FSB
Jun 12, 1992 American Savings Bank White Plains, NY $3.20B First Fidelity Bank Na N
Jun 12, 1992 Columbia Banking Fed. Rochester, NY $1.28B Branch sale
Jun 12, 1992 Riverhead Savings Bank Riverhead, NY $388.8M Bank of New York
Jun 12, 1992 San Clemente FSB San Clemente, CA $220.4M Household Bank, FSB
Jun 12, 1992 Cherokee Valley FSA Cleveland, TN $142.5M Branch sale
Jun 12, 1992 Landmark Bank for Savings Whitman, MA $62.1M Abington Savings Bank
Jun 12, 1992 American Interstate Bank Newport Beach, CA $42.0M Marine National Bank
Jun 5, 1992 First American FSB Greensboro, NC $804.3M Centura Bank
Jun 5, 1992 Republic FSB Matteson, IL $290.3M Regency SB, FSB
Jun 5, 1992 Cooper River, FSA North Charleston, SC $228.9M First Citizens B&TC of SC
Jun 5, 1992 Volunteer FSA Little Ferry, NJ $51.2M Interchange State Bank
Jun 4, 1992 Home Unity Federal Lafayette Hill, PA $684.8M Branch sale
Jun 4, 1992 Mayfair Bank Chicago, IL $32.2M Foster Bank
Jun 4, 1992 The Home State Bank Longton, KS $4.2M —

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 29, 1992 DPC of Wausau, Inc. WI Firstar Investment Research & Management Company
Oct 24, 1992 Brentwood Bank NE American National Bank of Sarpy County
Oct 24, 1992 Heritage Bank Country Club Hills IL Heritage Bank
Oct 24, 1992 Murray Envelope Empl Cu MS Sunbelt Federal Credit Union
Oct 24, 1992 Illini Bank-Stonington IL Illini Bank-East
Oct 24, 1992 Home Federal Savings Bank SC SouthTrust Bank of South Carolina, National Association
Oct 23, 1992 Parent Federal Savings Bank PA CCNB Bank, National Association
Oct 23, 1992 Security National Bank East TX Security National Bank of San Antonio
Oct 23, 1992 The Gettysburg National Bank PA CCNB Bank, National Association
Oct 22, 1992 Manufacturers Affiliated Trust Company IL Lasalle Bank Illinois
Oct 21, 1992 Summit Holding Corporation WV United Bankshares, Inc.
Oct 21, 1992 Liberty Bancshares, Inc. WV United Bankshares, Inc.
Oct 21, 1992 Montgomery National Bank WV United Bank
Oct 19, 1992 Ameritrust Bank, Howard County IN Society National Bank, Indiana
Oct 19, 1992 (unnamed) — Society National Bank, Indiana
Oct 19, 1992 Norwest Bank Nebraska Lincoln, National Association NE Wells Fargo Bank Nebraska, National Association
Oct 19, 1992 Ameritrust National Bank, Central Indiana IN Society National Bank, Indiana
Oct 17, 1992 Freedom Bank TX The Peoples State Bank
Oct 17, 1992 Bank One, Monticello IL Bank One, Champaign-Urbana
Oct 17, 1992 Inland Savings and Loan Association CA HCN Bank
Oct 17, 1992 Med Center Bank and Trust TX Augusta Financial Group, Inc.
Oct 17, 1992 Andrew Savings Bank IA Mercantile Bank of Dubuque, National Association
Oct 17, 1992 Northern Trust Bank of Florida/Sarasota, National Association FL Northern Trust, National Association
Oct 17, 1992 American National Bank of Lansing IL Bank One, National Association
Oct 16, 1992 Hemet Bancorp CA HCN Bank
Oct 16, 1992 Minnetonka National Bank MN Ameribank
Oct 15, 1992 Woodstream Fcu PA Wheatland Federal Credit Union
Oct 15, 1992 INB Financial Corporation IN NBD Indiana, Inc.
Oct 10, 1992 The Bank of Alexis IL Farmers State Bank of Western Illinois
Oct 10, 1992 Howard Empl Fcu MS Sunbelt Federal Credit Union
Oct 8, 1992 Nebraska State Bank NE Farmers and Merchants Bank
Oct 8, 1992 The Bank of Palmyra NE Farmers and Merchants Bank
Oct 8, 1992 Farmers State Bank NE Farmers and Merchants Bank
Oct 7, 1992 Belvedere Empl Fcu FL Gold Coast Federal Credit Union
Oct 3, 1992 First State Bank IA Mercantile Bank of Mount Ayr
Oct 3, 1992 Vistar Bank NE Wells Fargo Bank Nebraska, National Association
Oct 3, 1992 Wisco, Inc. IA Hawkeye Bancorporation
Oct 3, 1992 The Howard Federal Savings, F.A. NJ First Fidelity Bank, National Association, New Jersey
Oct 3, 1992 United Bancshares, Inc. NE Wells Fargo & Company
Oct 2, 1992 Great Falls Clinic Federal Credit Union MT The Family First Federal Credit Union
Oct 1, 1992 A H P Employees Federal Credit Union NY Benchmark Federal Credit Union
Oct 1, 1992 Columbia Savings, a Federal Savings and Loan Association CO Granite Bank, Federal Savings Bank
Oct 1, 1992 Security Bank of Colorado CO First United Bank, National Association
Oct 1, 1992 Illinois Banc One Corporation IL Banc One Illinois Corporation
Oct 1, 1992 Florida Home Builders Association Credit Union FL Space Coast Credit Union
Oct 1, 1992 Kerite Employees Federal Credit Union CT Science Park Federal Credit Union
Oct 1, 1992 Woodford Investment Company IL HBT Financial, Inc.
Oct 1, 1992 United Missouri Safe Deposit Company MO UMB Bank, N.A.
Oct 1, 1992 Egco Federal Credit Union NJ Synergy Bank
Oct 1, 1992 First State Bancorporation, Inc. WV CB&T Clarksburg Corp.

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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