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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
May 29, 1992 Workingmen's Co-Operative Bank Boston, MA $223.7M First NB of Boston
May 29, 1992 North American Thrift and Loan Corona Del Mar, CA $21.3M —
May 22, 1992 Powder Mill Bank Morris Plains, NJ $49.6M Valley National Bank
May 21, 1992 First FSA Lewiston, ME $83.0M Kingfield SB
May 15, 1992 Malden Trust Company Malden, MA $225.2M Eastern Bank
May 8, 1992 Shenandoah FSA Martinsburg, WV $94.2M Blue Ridge Bank
May 8, 1992 Brookfield Bank Brookfield, CT $60.7M Bristol Federal Savings
May 7, 1992 Jackson Exchange Bank & Trust Co Jackson, MO $123.3M Boatmens NB Cape Girarde
May 7, 1992 First Exchange Bank of Cape Girardeau Cape Girardeau, MO $84.4M Commerce BK Poplar Bluff
May 7, 1992 First Exchange Bank of St. Louis St. Louis, MO $55.6M Magna BK St Louis Clayto
May 7, 1992 First Exchange Bank North St. Louis Florissant, MO $45.9M First Bank a Savings Ban
May 7, 1992 First Exchange Bank of Madison County Fredericktown, MO $34.8M Commerce BK St Francois
May 4, 1992 The Financial Center Bank, N.A. San Francisco, CA $225.2M —
May 1, 1992 Metropolitan Bank, N.A. Washington, DC $27.1M Adams National Bank
Apr 24, 1992 SouthState Bank for Savings Brockton, MA $285.9M Baybank
Apr 24, 1992 Shore Bank & Trust Co. Lynn, MA $183.2M Eastern Bank
Apr 24, 1992 First FSB of South Dakota Rapid City, SD $155.9M Metropolitan FB, FSB
Apr 24, 1992 The Norwalk Bank Norwalk, CT $80.6M Bank of Darien
Apr 24, 1992 First South SB Columbia, SC $57.0M Southtrust Bank of Charlest
Apr 24, 1992 Valley Commercial Bank Stockton, CA $30.8M Union Safe Deposit Bank
Apr 10, 1992 Valley FS & La Van Nuys, CA $2.00B American SB, F.A.
Apr 10, 1992 Security First FS & La Daytona Beach, FL $1.01B First Union NB of FL
Apr 10, 1992 Federal Sa of Virginia Falls Church, VA $31.5M Fairfax B&TC
Apr 9, 1992 Fairfield County Trust Company Stamford, CT $132.4M Chase Manhattan BK of CT
Apr 9, 1992 Red Bird Bank of Dallas Dallas, TX $38.6M Bank of the SW of Dallas
Apr 3, 1992 First State Sa Sedalia, MO $166.1M Mercantile Bank of Sedalia
Apr 3, 1992 The Bank of Beverly Hills Beverly Hills, CA $125.9M —
Apr 3, 1992 Summit National Bank Torrington, CT $91.4M American Bank of Connect
Apr 3, 1992 Commonwealth FSB Manassas, VA $72.5M Fairfax B&TC
Mar 31, 1992 First Community Bank of Cherokee Woodstock, GA $35.6M Etowah Bank
Mar 27, 1992 Flagler FS & La Miami, FL $1.60B First Union NB of FL
Mar 27, 1992 Vanguard Savings Bank Holyoke, MA $427.9M Fleet Bank of Ma N.A.
Mar 27, 1992 Placer Bank of Commerce Roseville, CA $34.8M American River Bank
Mar 26, 1992 Theodore Roosevelt National Bank Washington, DC $13.8M Industrial Bank of WA
Mar 26, 1992 American Bank of Commerce Oklahoma City, OK $13.5M Rockwell Bank National a
Mar 20, 1992 The Bank for Savings Malden, MA $398.0M Medford Savings Bank
Mar 20, 1992 United Mercantile B & T Co, N.A. Pasadena, CA $36.5M Onecentral Bank
Mar 19, 1992 Independence Bank Plano, TX $21.8M First Western National B
Mar 19, 1992 Southside National Bank Nacogdoches, TX $12.0M Fredonia State Bank
Mar 19, 1992 Farmers & Merchants Bank Tryon, OK $4.3M Union NB of Chandler
Mar 16, 1992 First Security Bank of Anaconda Anaconda, MT $31.6M Bank of Montana Anaconda
Mar 13, 1992 Broadway Bank Paterson, NJ $400.5M Hudson United Bank
Mar 13, 1992 First Ohio SB, FSB St. Bernard, OH $40.8M Patriot FSB
Mar 13, 1992 Carrolton Home New Orleans, LA $35.9M Liberty B&TC
Mar 12, 1992 Ukranian FS & La Philadelphia, PA $74.9M Branch sale
Mar 12, 1992 Progressive National Bank of Rayne Rayne, LA $11.4M St Landry Bank&trust Co
Mar 6, 1992 New Heritage Bank Lawrence, MA $99.8M First NB of Boston
Feb 28, 1992 Lemont FSA Lemont, IL $193.7M Branch sale
Feb 28, 1992 Mission Viejo National Bank Mission Viejo, CA $114.6M —
Feb 28, 1992 Vista FSA Reston, VA $113.2M Eastern American Bank, FSB

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
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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