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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
Aug 8, 1992 First Federal Savings and Loan Association of Lenawee County MI Standard Federal Bank
Aug 8, 1992 The Laguna Bank, National Association CA Orange National Bank
Aug 7, 1992 Geneva Capital Corporation WI Firstar Corporation of Wisconsin
Aug 7, 1992 Peoples State Bank of Frazee MN First Integrity Bank, N.A.
Aug 7, 1992 Frazee Bancorporation, Inc. MN First Integrity Bancorporation
Aug 6, 1992 Jackson Township Credit Union NJ First Financial Federal Credit Union
Aug 5, 1992 Singer & Associates, Inc. IL Bankcentral Corporation
Aug 3, 1992 Main Line Bancshares, Inc. PA Keystone Financial, Inc.
Aug 3, 1992 Security Bank of Bollinger County MO Security Bank and Trust Company
Aug 1, 1992 Olympic Savings Bank WA KeyBank National Association
Aug 1, 1992 Wells Fargo Capital Market, Inc. CA Wells Fargo & Company
Aug 1, 1992 State Bank of Burchard NE FirstBank of Nebraska
Aug 1, 1992 Sterling Bankshares, Inc. NE Bank Management, Inc.
Aug 1, 1992 Tony Lama Employees Credit Union TX Golden Key Federal Credit Union
Aug 1, 1992 Helena Railway Employees Federal Credit Union MT Vocal Credit Union
Aug 1, 1992 Burchard Bankshares, Inc. NE Bank Management, Inc.
Aug 1, 1992 Tioga County Empl Fcu PA Tioga Area Federal Credit Union
Aug 1, 1992 Cca - Stonmo Fcu GA Georgia United Credit Union
Aug 1, 1992 Mahco Credit Union, Inc. OH Seven Seventeen Credit Union Inc
Aug 1, 1992 Midway Chemical Employees Federal Credit Union IL Archer Heights Credit Union
Aug 1, 1992 The First National Bank of Cushing TX The Hamilton National Bank
Aug 1, 1992 Kenton Parish Credit Union, Inc. OH Quest Federal Credit Union
Aug 1, 1992 Farmers and Merchants Bank KS Bank IV, National Association
Aug 1, 1992 Exlanco, Inc. MO First Southeast Missouri Bancorporation, Inc.
Aug 1, 1992 Cleveland Federal Credit Union MS Shelby Federal Credit Union
Aug 1, 1992 Stansanco Credit Union KY Altra Federal Credit Union
Aug 1, 1992 Honfed, a Federal Savings Bank HI Bank of America Federal Savings Bank
Aug 1, 1992 The First National Bank of Bonham TX The Hamilton National Bank
Aug 1, 1992 Lyons N Y C Credit Union IL Danville Bell Credit Union
Aug 1, 1992 Bank of Sterling NE FirstBank of Nebraska
Aug 1, 1992 Rock-Winn Credit Union IL Rockford Municipal Employees Credit Union
Aug 1, 1992 Foster County Cooperative Federal Credit Union ND Community Credit Union
Aug 1, 1992 Ozarks National Bank MO Bank Star One
Jul 31, 1992 Marlborough Municipal Employees Federal Credit Union MA Saint Mary's Credit Union
Jul 31, 1992 First Midwest Bancshares, Inc. KY South Central Bancshares, Inc.
Jul 31, 1992 Bureau Credit Union MN Topline Financial Credit Union
Jul 29, 1992 First Community Bancshares IL First Community Bancshares Corp.
Jul 27, 1992 Thrift Savings and Loan Company OH The Provident Bank
Jul 27, 1992 Peoples Federal Savings and Loan Association KY The Provident Bank of Kentucky
Jul 27, 1992 Merit Savings Association OH The Provident Bank
Jul 27, 1992 Suburban Federal Savings and Loan Association KY The Provident Bank of Kentucky
Jul 25, 1992 Suburban Employees Federal Credit Union NJ Emery Federal Credit Union
Jul 25, 1992 Cheltenham Township Employees Federal Credit Union PA American Heritage Federal Credit Union
Jul 24, 1992 First of America Bank-Wabash Valley IN First of America Bank-Indiana
Jul 24, 1992 Citizens Bank of Gibson County, National Association IN The Citizens National Bank of Evansville
Jul 24, 1992 Citizens Bank of Vincennes IN The Citizens National Bank of Evansville
Jul 24, 1992 Win Bancorp Incorporated IL FB Corporation
Jul 24, 1992 Citizens Bank of Posey County, National Association IN The Citizens National Bank of Evansville
Jul 24, 1992 The First National Bank of Pennsylvania PA Marine Bank
Jul 24, 1992 Mammoth Employees Credit Union KY Transcend Credit Union

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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