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
Aug 8, 1992	First Federal Savings and Loan Association of Lenawee County	MI	Standard Federal Bank
Aug 8, 1992	The Laguna Bank, National Association	CA	Orange National Bank
Aug 7, 1992	Geneva Capital Corporation	WI	Firstar Corporation of Wisconsin
Aug 7, 1992	Peoples State Bank of Frazee	MN	First Integrity Bank, N.A.
Aug 7, 1992	Frazee Bancorporation, Inc.	MN	First Integrity Bancorporation
Aug 6, 1992	Jackson Township Credit Union	NJ	First Financial Federal Credit Union
Aug 5, 1992	Singer & Associates, Inc.	IL	Bankcentral Corporation
Aug 3, 1992	Main Line Bancshares, Inc.	PA	Keystone Financial, Inc.
Aug 3, 1992	Security Bank of Bollinger County	MO	Security Bank and Trust Company
Aug 1, 1992	Olympic Savings Bank	WA	KeyBank National Association
Aug 1, 1992	Wells Fargo Capital Market, Inc.	CA	Wells Fargo & Company
Aug 1, 1992	State Bank of Burchard	NE	FirstBank of Nebraska
Aug 1, 1992	Sterling Bankshares, Inc.	NE	Bank Management, Inc.
Aug 1, 1992	Tony Lama Employees Credit Union	TX	Golden Key Federal Credit Union
Aug 1, 1992	Helena Railway Employees Federal Credit Union	MT	Vocal Credit Union
Aug 1, 1992	Burchard Bankshares, Inc.	NE	Bank Management, Inc.
Aug 1, 1992	Tioga County Empl Fcu	PA	Tioga Area Federal Credit Union
Aug 1, 1992	Cca - Stonmo Fcu	GA	Georgia United Credit Union
Aug 1, 1992	Mahco Credit Union, Inc.	OH	Seven Seventeen Credit Union Inc
Aug 1, 1992	Midway Chemical Employees Federal Credit Union	IL	Archer Heights Credit Union
Aug 1, 1992	The First National Bank of Cushing	TX	The Hamilton National Bank
Aug 1, 1992	Kenton Parish Credit Union, Inc.	OH	Quest Federal Credit Union
Aug 1, 1992	Farmers and Merchants Bank	KS	Bank IV, National Association
Aug 1, 1992	Exlanco, Inc.	MO	First Southeast Missouri Bancorporation, Inc.
Aug 1, 1992	Cleveland Federal Credit Union	MS	Shelby Federal Credit Union
Aug 1, 1992	Stansanco Credit Union	KY	Altra Federal Credit Union
Aug 1, 1992	Honfed, a Federal Savings Bank	HI	Bank of America Federal Savings Bank
Aug 1, 1992	The First National Bank of Bonham	TX	The Hamilton National Bank
Aug 1, 1992	Lyons N Y C Credit Union	IL	Danville Bell Credit Union
Aug 1, 1992	Bank of Sterling	NE	FirstBank of Nebraska
Aug 1, 1992	Rock-Winn Credit Union	IL	Rockford Municipal Employees Credit Union
Aug 1, 1992	Foster County Cooperative Federal Credit Union	ND	Community Credit Union
Aug 1, 1992	Ozarks National Bank	MO	Bank Star One
Jul 31, 1992	Marlborough Municipal Employees Federal Credit Union	MA	Saint Mary's Credit Union
Jul 31, 1992	First Midwest Bancshares, Inc.	KY	South Central Bancshares, Inc.
Jul 31, 1992	Bureau Credit Union	MN	Topline Financial Credit Union
Jul 29, 1992	First Community Bancshares	IL	First Community Bancshares Corp.
Jul 27, 1992	Thrift Savings and Loan Company	OH	The Provident Bank
Jul 27, 1992	Peoples Federal Savings and Loan Association	KY	The Provident Bank of Kentucky
Jul 27, 1992	Merit Savings Association	OH	The Provident Bank
Jul 27, 1992	Suburban Federal Savings and Loan Association	KY	The Provident Bank of Kentucky
Jul 25, 1992	Suburban Employees Federal Credit Union	NJ	Emery Federal Credit Union
Jul 25, 1992	Cheltenham Township Employees Federal Credit Union	PA	American Heritage Federal Credit Union
Jul 24, 1992	First of America Bank-Wabash Valley	IN	First of America Bank-Indiana
Jul 24, 1992	Citizens Bank of Gibson County, National Association	IN	The Citizens National Bank of Evansville
Jul 24, 1992	Citizens Bank of Vincennes	IN	The Citizens National Bank of Evansville
Jul 24, 1992	Win Bancorp Incorporated	IL	FB Corporation
Jul 24, 1992	Citizens Bank of Posey County, National Association	IN	The Citizens National Bank of Evansville
Jul 24, 1992	The First National Bank of Pennsylvania	PA	Marine Bank
Jul 24, 1992	Mammoth Employees Credit Union	KY	Transcend Credit Union

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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