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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 1, 1992 Alden Employees Federal Credit Union MA Saint Anthony of New Bedford Federal Credit Union
Sep 1, 1992 Northeastern I E a Federal Credit Union IL Tech Credit Union
Sep 1, 1992 Bank of Montana Glasgow MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Helena MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Lewistown MT Bank of Montana, National Association
Sep 1, 1992 Bank of Dallas WI Farmers State Bank
Sep 1, 1992 Bank of Montana Missoula MT Bank of Montana, National Association
Sep 1, 1992 Kentucky National Bank of Ohio OH The National Bank and Trust Company
Sep 1, 1992 Bank of Montana Chinook MT Bank of Montana, National Association
Sep 1, 1992 Triangle Credit Union NC Vision Financial Federal Credit Union
Sep 1, 1992 Bank of Montana Shelby MT Bank of Montana, National Association
Sep 1, 1992 Vectra Bank of Federal Heights CO Vectra Bank of Englewood
Sep 1, 1992 First Bank of Butler MO BC National Banks
Sep 1, 1992 First Bank IL First Bank
Sep 1, 1992 Bank of Montana Valier MT Bank of Montana, National Association
Sep 1, 1992 The Bedford National Bank IN Bank One, Bloomington, National Association
Sep 1, 1992 The First State Bank OK BancFirst
Sep 1, 1992 (unnamed) — Vectra Bank
Sep 1, 1992 First CMNTY Cu of Kingsport TN Knoxville TVA Employees Credit Union
Sep 1, 1992 Vectra Bank of Wheat Ridge CO Vectra Bank of Englewood
Sep 1, 1992 Saint Ambrose Brunswick Federal Credit Union OH Community United Credit Union
Sep 1, 1992 Collis Employees Credit Union IA 1st Gateway Credit Union
Sep 1, 1992 Ravenswood 400 Credit Union IL Archer Heights Credit Union
Sep 1, 1992 Nativity Chapter K of C Fcu PA Viriva Community Credit Union
Aug 31, 1992 Imperial Community Federal Credit Union CA Sun Community Federal Credit Union
Aug 30, 1992 Public Service Credit Union TX Amoco Federal Credit Union
Aug 28, 1992 Chemical Trust Company of Florida, Inc. FL Chemical Bank, FSB
Aug 28, 1992 BSD Service Company CA BSD Bancorp, Inc.
Aug 26, 1992 Charlesville Inc IL Edville Bankcorp, Inc.
Aug 25, 1992 Natcan Employees Federal Credit Union CA Financial Partners Credit Union
Aug 22, 1992 First Security National Bank and Trust Company of Lexington KY Bank One, Lexington, National Association
Aug 22, 1992 The Citizens National Bank of Danville KY Bank One, Lexington, National Association
Aug 22, 1992 First Security Bank & Trust Company of Madison County KY Bank One, Lexington, National Association
Aug 22, 1992 First Security Corporation of Kentucky KY Banc One Ohio Corporation
Aug 22, 1992 First Security Bank & Trust Company of Clark County KY Bank One, Lexington, National Association
Aug 22, 1992 First State Bank of Dalton MN Midwest Bank, National Association
Aug 21, 1992 First Security Affiliates, Inc. KY First Security Corporation of Kentucky
Aug 21, 1992 Atlantic Cheinco Corporation Employees Fcu NJ Edifi Federal Credit Union
Aug 21, 1992 Citizens Fidelity Bank and Trust Company Oldham County KY PNC Bank, Kentucky, Inc.
Aug 21, 1992 The Clayton Bank and Trust Company DE PNC Bank, Delaware
Aug 20, 1992 BJS, Inc. IA Westmont Corporation
Aug 20, 1992 State Bank of Plevna KS The Alden State Bank
Aug 20, 1992 Home State Bank NE Farmers and Merchants Bank
Aug 18, 1992 Williamsburg Holding Company NE Cornerstone Bank Group, Inc.
Aug 18, 1992 Nevada National Co. NE Cornerstone Bank Group, Inc.
Aug 17, 1992 City Savings Bank of Meriden CT The Dime Savings Bank of Wallingford
Aug 15, 1992 Peoples Bank One PA Promistar Bank
Aug 14, 1992 Union National Employees Federal Credit Union NY Greater Chautauqua Federal Credit Union
Aug 13, 1992 W-CV Bancorp, Inc. WI Fortress Holdings, Inc.
Aug 10, 1992 Coastal Virginia Bank VA Xenith 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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