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
Oct 1, 1992	Bank of Mill Creek	WV	Mountain Valley Bank, N.A.
Oct 1, 1992	Gte Arkansas Employees Credit Union	AR	Qualtrust Credit Union
Oct 1, 1992	Butler Area Credit Union	PA	Usx Federal Credit Union
Oct 1, 1992	M&I Tri-County Bank	WI	M&I Central Bank & Trust
Oct 1, 1992	Contoocock Valley Federal Credit Union	NH	Granite State Credit Union
Oct 1, 1992	Papermakers Credit Union	MI	Kalsee Credit Union
Oct 1, 1992	RT & E Federal Credit Union	TX	Texas Plains Federal Credit Union
Oct 1, 1992	Conna Employees Credit Union	KY	L&N Federal Credit Union
Oct 1, 1992	Tcta Federal Credit Union	MD	Educational Systems Federal Credit Union
Oct 1, 1992	M B F Employees Credit Union	IA	Greenstate Credit Union
Oct 1, 1992	Holy Cross Federal Credit Union	KY	Northern Kentucky Federal Credit Union
Oct 1, 1992	Saint Francis Desales Akron Federal Credit Union	OH	B F G Federal Credit Union
Oct 1, 1992	Fleet Bank of New York, National Association	NY	Fleet Bank
Oct 1, 1992	Independent Credit Association Federal Credit Union	SC	CPM Federal Credit Union
Oct 1, 1992	Ameritrust Southeast National Association	FL	Key Trust Company of Florida, N.A.
Oct 1, 1992	First Federal Savings and Loan Association of Platteville	WI	Clare Bank, N.A.
Oct 1, 1992	Interbanc	FL	Intercontinental Bank, National Association
Oct 1, 1992	Associated Greyhound Employees Federal Credit Union	VA	Peoples Advantage Federal Credit Union
Oct 1, 1992	Santa Fe Wichita Credit Union	KS	Wheat State Credit Union
Oct 1, 1992	Anderson Industries Federal Credit Union	TX	OmniAmerican Bank
Oct 1, 1992	Durfee Attleboro Bank	MA	South Shore Bank
Oct 1, 1992	Livingston Federal Credit Union	CA	California Bear Credit Union
Oct 1, 1992	The Falmouth National Bank	MA	South Shore Bank
Oct 1, 1992	Westinghouse Blairsville Federal Credit Union	PA	Kennametal Employees Federal Credit Union
Oct 1, 1992	SMW Federal Credit Union	DE	Delaware First Federal Credit Union
Oct 1, 1992	Wheatbelt Credit Union	KS	Golden Plains Credit Union
Oct 1, 1992	Inter-County Savings Bank	NY	Mid-Hudson Savings Bank FSB
Oct 1, 1992	Charlottesville City Employees Federal Credit Union	VA	University of Virginia Community Credit Union, Inc.
Oct 1, 1992	Lennox Federal Credit Union	TX	Lennox Employees Credit Union
Oct 1, 1992	B V D Fcu	LA	Formation Federal Credit Union
Oct 1, 1992	Security Bank of Commerce	MI	First of America Bank-Southeast Michigan, National Association
Oct 1, 1992	(unnamed)	—	North Fork Bank
Sep 30, 1992	Security Financial Banking & Savings Federal Savings Bank	MN	First Bank, Federal Savings Bank
Sep 30, 1992	First National Bank of Gun Barrel City	TX	The First National Bank of Athens
Sep 30, 1992	WCMH Federal Credit Union	PA	Valor Federal Credit Union
Sep 30, 1992	North Texas Central Credit Union	TX	First Class American Credit Union
Sep 30, 1992	Cottage Savings Association, F.A.	OH	First Financial Savings Association, F.A.
Sep 30, 1992	First Apache Bancshares, Inc.	OK	First Bank of Apache
Sep 28, 1992	Ameritrust Development Bank	OH	KeyBank N.A.
Sep 26, 1992	The Provident Institution for Savings in the Town of Boston	MA	Fleet National Bank of Massachusetts
Sep 26, 1992	Hub National Bank	NJ	Hudson United Bank
Sep 26, 1992	Southern Bancshares, Inc.	AR	Security Bancshares, Inc.
Sep 25, 1992	Landmark Savings Association	PA	National City Bank of Pennsylvania
Sep 25, 1992	Summit Hill Trust Company	PA	The Citizens National Bank
Sep 22, 1992	Grasselli New Jersey Employee Federal Credit Union	NJ	Mid-State Federal Credit Union
Sep 21, 1992	The First National Bank of Deport	TX	Guaranty Bank & Trust, N.A.
Sep 21, 1992	(unnamed)	—	Wauneta Falls Bank, National Association
Sep 19, 1992	Standard Bank and Trust Company of Hickory Hills	IL	Standard Bank and Trust Company
Sep 19, 1992	First Peoples Bank of New Jersey	NJ	New Jersey National Bank
Sep 19, 1992	Lawrence National Bank and Trust Co.	KS	(unnamed)

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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