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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
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
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
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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