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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
Feb 28, 1992 Irvington FSB Glen Burnie, MD $43.8M Arundel FSB
Feb 28, 1992 Colony Savings Bank Wallingford, CT $35.7M New Haven Savings Bank
Feb 28, 1992 Alpha Indian Rock FS & La Philadelphia, PA $7.2M Roxborough-Manayunk
Feb 27, 1992 Columbia Bank Avondale, AZ $17.0M Valley NB of Arizona
Feb 21, 1992 Dollar DRY Dock Bank White Plains, NY $4.03B Emigrant Savings Bank
Feb 21, 1992 The Bank of Brandywine Valley West Chester, PA $44.9M Wilmington Trust Co
Feb 21, 1992 National City Bank Coral Springs, FL $19.0M Intercontinental Bank
Feb 14, 1992 The Central Savings Bank Lowell, MA $369.1M Massbank for Savings
Feb 7, 1992 United Savings of America, F.A. Melbourne, FL $327.2M Barnett Bank of Central FL
Feb 7, 1992 Merchants National Bank Fort Myers, FL $35.1M Founders National Trust
Feb 7, 1992 Kempton State Bank Kempton, IL $3.6M Vermilion Valley Bank
Feb 6, 1992 Landmark Bank of Forth Worth Fort Worth, TX $80.5M Central Bank&trust
Jan 31, 1992 Pelican Homestead Sa Metairie, LA $1.28B First Commerce Corp.
Jan 31, 1992 Security FSA Panama City, FL $107.1M Branch sale
Jan 31, 1992 Sentinel Bank Hartford, CT $74.8M Society for Savings
Jan 31, 1992 Fountain Bank Scottsdale, AZ $15.6M Bank of Arizona
Jan 30, 1992 Independence Bank Los Angeles, CA $535.8M —
Jan 30, 1992 Atlantic Trust Company Newington, NH $21.2M Fleet Bank-NH
Jan 24, 1992 Crossland Savings Bank, FSB Brooklyn, NY $7.43B Public stock sale
Jan 24, 1992 Banco Nacional, N.A. San Juan, PR $52.1M Eurobank&trust Co
Jan 24, 1992 Advanced FSB Northridge, CA $23.1M Deposit payout
Jan 24, 1992 American National Bank of New York Fleischmanns, NY $18.0M —
Jan 23, 1992 First State Bank Bangs, TX $16.5M Texas Bank
Jan 16, 1992 The Bank of Verde Valley Cottonwood, AZ $10.3M Stockmens Bank
Jan 10, 1992 Perpetual Savings Bank Vienna, VA $2.89B Crestar Bank
Jan 10, 1992 Hansen FSA Hammonton, NJ $572.4M Collective FSB
Jan 10, 1992 The Citizens Bank Dallas, GA $60.6M First NB of Paulding Cou
Jan 10, 1992 Hansen FSB Palm Beach Garden, FL $51.8M Fidelity FSB of FL
Jan 3, 1992 Assured Thrift and Loan Association Stockton, CA $48.2M —

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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