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
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

Browse adjacent years: 1991 · 1993

Or jump to a category: Failures · Mergers · Enforcement · Assistance