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
Oct 16, 1992	OCC_OTS	The Overland Park Federal Savings and Loan Association	Orders of Removal/Prohibition: Fred N. Coulson III
Oct 16, 1992	OCC	Wilshire Center Bank, N.A.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wilshire Center Bank, N.A.
Oct 16, 1992	OCC_OTS	The Overland Park Federal Savings and Loan Association	Cease and Desist: Anne Ralls
Oct 15, 1992	OCC	Peoples National Corporation	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Peoples National Bank
Oct 15, 1992	OCC	Premier Financial Group, Inc.	Formal Agreement: Premier Financial Group, Inc.
Oct 15, 1992	OCC	Magna Bank, National Association	Civil Money Penalty (CMP): Magna Bank, National Association
Oct 14, 1992	OCC	The Rushville National Bank	Civil Money Penalty (CMP): Evans, James
Oct 14, 1992	OCC	The Rushville National Bank	Civil Money Penalty (CMP): Fancher, Harold L.
Oct 14, 1992	OCC	The Rushville National Bank	Civil Money Penalty (CMP): Hanni, Robert
Oct 14, 1992	OCC	The Rushville National Bank	Civil Money Penalty (CMP): Hedrick, Donald E.
Oct 14, 1992	OCC	The Rushville National Bank	Civil Money Penalty (CMP): Sloan, E. Weston
Oct 14, 1992	OCC	The Rushville National Bank	Civil Money Penalty (CMP): Snyder, John K.
Oct 14, 1992	FRB	The Genoa Banking Company	Cease and Desist Order: Genoa Banking Company, Genoa, OH
Oct 14, 1992	OCC	Olympic National Bank	Formal Agreement: Olympic National Bank
Oct 14, 1992	FRB	Guardian Bank	Written Agreement: Guardian Bank, Los Angeles, CA
Oct 14, 1992	OCC	The Rushville National Bank	Civil Money Penalty (CMP): Veatch, Robert
Oct 14, 1992	OCC	Bank of the Desert, National Association	Formal Agreement: Bank Of The Desert, N.A.
Oct 13, 1992	OCC	First Western Bank, N.A.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Western Bank National Association
Oct 13, 1992	OCC	First Philson Financial Corporation	Formal Agreement: First Philson Bank, National Association
Oct 13, 1992	OCC_OTS	(individual)	Cease and Desist: Kent Grusendorf
Oct 12, 1992	OCC_OTS	Liberty Trust & Savings Bank	Supervisory Agreement: Liberty Savings Bank, FSB
Oct 9, 1992	OCC_OTS	First Federal Savings and Loan Association of Hazleton	Civil Money Penalty: First Federal Savings and Loan Association of Hazleton
Oct 9, 1992	OCC_OTS	Long Beach Bank, Federal Savings Bank	Supervisory Agreement: Long Beach Bank, F.S.B.
Oct 8, 1992	OCC_OTS	Charter Oak Financial Corporation	Supervisory Agreement: Charter Oak Financial Corporation
Oct 8, 1992	OCC	American National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): National American Bank
Oct 8, 1992	OCC	Palos Verdes National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Palos Verdes National Bank
Oct 7, 1992	OCC_OTS	Illinois Guarantee Service Corporation	Supervisory Agreement: Illinois Guarantee Savings Bank
Oct 7, 1992	OCC	The City National Bank of Shenandoah	Formal Agreement: The City National Bank Of Shenandoah
Oct 7, 1992	OCC	South Branch Valley National Bank of Moorefield	Formal Agreement: South Branch Valley National Bank
Oct 7, 1992	OCC	First Independence National Bank of Detroit	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Independence National Bank Of Detroit
Oct 6, 1992	OCC_OTS	First Federal Savings Bank of Boston	Orders of Removal/Prohibition: Robert Leon
Oct 6, 1992	OCC_OTS	First of Boston Mortgage Corporation	Orders of Removal/Prohibition: Robert Leon
Oct 5, 1992	OCC	The Valley View National Bank	Civil Money Penalty (CMP): Pitman, E.D.
Oct 5, 1992	OCC	City National Bank	Civil Money Penalty (CMP): Widman, William L.
Oct 5, 1992	OCC	The Valley View National Bank	Civil Money Penalty (CMP): McKamy, Charles S.
Oct 5, 1992	OCC	Summit National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Hulett National Bank
Oct 5, 1992	OCC_OTS	American Savings and Loan Association of Florida	Cease and Desist: Alan J. Berkley
Oct 5, 1992	FRB	Farmers Bank and Trust Company	Prohibition from Banking: James L. Magee
Oct 5, 1992	OCC_OTS	American Savings and Loan Association of Florida	Orders of Removal/Prohibition: Richard J. Grassgreen
Oct 5, 1992	OCC_OTS	American Savings and Loan Association of Florida	Orders of Removal/Prohibition: Harris Friedman
Oct 5, 1992	OCC_OTS	Ashe Federal Bank	Supervisory Agreement: Ashe Federal Savings and Loan Associatioin
Oct 2, 1992	OCC_OTS	Abacus Federal Savings Bank	Civil Money Penalty: Abacus Federal Savings Bank
Oct 1, 1992	OCC_OTS	Altoona First Savings Bank	Civil Money Penalty: Altoona Federal Savings Bank
Oct 1, 1992	OCC	Mission Valley Bank, N.A.	Civil Money Penalty (CMP): Debs, John F.
Oct 1, 1992	OCC_OTS	Central West End Bank, A Federal Savings Bank	Supervisory Agreement: Central West End Bank, A FSB
Oct 1, 1992	OCC	Mission Valley Bank, N.A.	Civil Money Penalty (CMP): Mortensen, Stewart S.
Oct 1, 1992	OCC	Mission Valley Bank, N.A.	Civil Money Penalty (CMP): Barnes, Jack R.
Oct 1, 1992	OCC	Mission Valley Bank, N.A.	Prohibition/Removal Orders: Van Steenhuyse, Earl E.
Oct 1, 1992	OCC	Mission Valley Bank, N.A.	Civil Money Penalty (CMP): Van Steenhuyse, Earl E.
Sep 30, 1992	OCC_OTS	Cascade Financial Corporation	Supervisory Agreement: Cascade Savings Bank, FSB

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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