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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
Dec 18, 1992 The Rushville National Bank Rushville, IN $41.6M Peoples Trust Co
Dec 18, 1992 The Bremen State Bank Bremen, KS $2.7M —
Dec 11, 1992 Meritor Savings Bank Philadelphia, PA $4.13B Mellon Bank National Ass
Dec 11, 1992 Eastland Savings Bank Woonsocket, RI $515.3M Fleet National Bank
Dec 11, 1992 Eastland Bank Woonsocket, RI $85.4M Fleet National Bank
Dec 11, 1992 Sailors & Merchants B&T Co. Vienna, VA $34.8M First Union Bank of Virg
Dec 8, 1992 Palm Beach FSA Palm Beach Garden, FL $59.4M Southbank, a FSB
Dec 4, 1992 Carteret FSB Madison, NJ $4.83B Branch sale
Dec 4, 1992 Second National, FSB Salisbury, MD $1.57B Branch sale
Dec 4, 1992 Heritage Bank for Savings Holyoke, MA $1.29B Fleet Bank of Ma N.A.
Dec 4, 1992 Security Federal Vineland, NJ $1.19B Meridian Bank, NJ
Dec 4, 1992 Burritt Interfinancial Bancorporation New Britain, CT $523.9M Derby Savings Bank
Dec 4, 1992 Huntington Pacific Thrift & Loan Huntington, CA $40.5M —
Nov 20, 1992 The Merchants Bank Kansas City, MO $1.45B Boatmen's First NB of KC
Nov 20, 1992 Polifly FS & La New Milford, NJ $458.0M Branch sale
Nov 20, 1992 Irving FB for Savings Chicago, IL $247.0M Branch sale
Nov 20, 1992 Crestline FS & La Crestline, OH $27.5M Premier B&T
Nov 13, 1992 First New York Bank for Business New York, NY $530.7M Merchants Bank of New Yo
Nov 13, 1992 Metro North State Bank Kansas City, MO $472.5M Boatmen's First NB of KC
Nov 13, 1992 Guaranty-First Trust Company Waltham, MA $353.2M Fleet Bank of Ma N.A.
Nov 13, 1992 The Overland Park FS & La Overland Park, KS $213.4M Conservative SB, FSB
Nov 13, 1992 Investors Bank and Trust Company Gretna, LA $51.6M Delta Bank&trust Co
Nov 13, 1992 Statewide Thrift and Loan Co. Redwood City, CA $9.6M Fireside Thrift Co
Nov 6, 1992 First FSB of Georgia, F.A. Winder, GA $108.2M Branch sale
Nov 6, 1992 Greenwood Bank of Bethel, Inc. Bethel, CT $33.3M Union SB of Danbury
Oct 30, 1992 First City, Texas - Houston, N.A. Houston, TX $2.80B Texas Commerce Bancshares
Oct 30, 1992 First City, Texas - Dallas, N.A. Dallas, TX $1.36B Texas Commerce Bancshares
Oct 30, 1992 Homestead FSA San Francisco, CA $1.31B Branch sale
Oct 30, 1992 First City, Texas - Beaumont, N.A. Beaumont, TX $532.2M Texas Commerce Bancshares
Oct 30, 1992 First City, Texas - Corpus Chris Corpus Christi, TX $462.8M Mercantile Bank, N.A.
Oct 30, 1992 First City, Texas - El Paso, N.A. El Paso, TX $395.9M Sunwest Bank of El Paso
Oct 30, 1992 First City, Texas - Austin, N.A. Austin, TX $345.5M The Frost National Bank
Oct 30, 1992 First City, Texas - Bryan, N.A. Bryan, TX $340.2M Victoria Bank and Trust
Oct 30, 1992 First City, Texas - Midland, N.A. Midland, TX $313.1M Texas Commerce Bancshares
Oct 30, 1992 First City, Texas - San Antonio San Antonio, TX $265.7M The Frost National Bank
Oct 30, 1992 First City, Texas - Tyler, N.A. Tyler, TX $259.2M First Commercial Corporatio
Oct 30, 1992 First City, Texas - Lufkin, N.A. Lufkin, TX $156.6M First Commercial Corporatio
Oct 30, 1992 First City, Texas - San Angelo, San Angelo, TX $142.8M First National Bank of West
Oct 30, 1992 First City, Texas - Orange, N.A. Orange, TX $132.0M First Heights Bank, FSB
Oct 30, 1992 First City, Texas - Alice, N.A. Alice, TX $128.0M Alice Bank of Texas
Oct 30, 1992 First City, Texas - Madisonville Madisonville, TX $123.4M Madisonville State Bank
Oct 30, 1992 First City, Texas - Lake Jackson Lake Jackson, TX $104.3M First Heights Bank, FSB
Oct 30, 1992 First City, Texas - Graham, N.A. Graham, TX $95.4M First National Bank of Olne
Oct 30, 1992 First City, Texas - Sour Lake Sour Lake, TX $53.5M Citizens Bank
Oct 30, 1992 First City, Texas - Aransas Pass Aransas Pass, TX $51.7M Corpus Christi National Ban
Oct 30, 1992 First City, Texas - Kountze, N.A. Kountze, TX $51.3M Citizens Bank
Oct 21, 1992 Standard FSB Gaithersburg, MD $1.72B Branch sale
Oct 16, 1992 Security FS & La Jackson, MS $276.5M Branch sale
Oct 16, 1992 Universal Bank Lanham, MD $18.0M —
Oct 9, 1992 Peidmont FSA Manassas, VA $444.6M Crestar Bank

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
Jul 23, 1992 Paradise Finance, Incorporated HI Finance Factors, Limited
Jul 20, 1992 Peoples Federal Savings Bank of Thomasville NC Truist Bank
Jul 18, 1992 TN Pride Empl Cu TN Old Hickory Credit Union
Jul 18, 1992 (unnamed) — Boatmen's Bank of Southern Missouri
Jul 18, 1992 Boatmen's National Bank of Cassville MO Boatmen's Bank of Southern Missouri
Jul 18, 1992 First Chicago Bank of Ravenswood IL Bank One, National Association
Jul 17, 1992 Cornat, Incorporated KY Whitaker Bank Corporation of Kentucky
Jul 17, 1992 Stockham Fcu AL Secure First Credit Union
Jul 17, 1992 American Bank of Franklin County MO Mercantile Bank of Central Missouri
Jul 17, 1992 First of America Bank - Plymouth, National Association MI First of America Bank-Ann Arbor
Jul 16, 1992 Piedmont State Bank NC Bankers Trust of North Carolina
Jul 16, 1992 Bank of Oklahoma, National Association, South OK BOKF, N.A.
Jul 15, 1992 PHP Credit Association Credit Union GA Atlantic Coast Bank
Jul 13, 1992 First FS&LA of Gi TN First American Federal Savings and Loan Association
Jul 13, 1992 AmeriTrust Company National Association OH KeyBank N.A.
Jul 11, 1992 First Trust Company of York NE Cornerstone Bank
Jul 11, 1992 Northern Federal Savings Bank IL Deerfield Federal Savings and Loan Association
Jul 10, 1992 Affiliated National Bank - Craig CO Bank One, Western Colorado, National Association
Jul 10, 1992 Affiliated National Bank - Delta CO Bank One, Western Colorado, National Association
Jul 10, 1992 Affiliated National Bank - Center CO Bank One, Western Colorado, National Association
Jul 10, 1992 Affiliated National Bank - Fort Collins CO Bank One, Fort Collins/Loveland, National Association
Jul 10, 1992 Affiliated National Bank - Montrose CO Bank One, Western Colorado, National Association
Jul 10, 1992 Affiliated National Bank - Fruita CO Bank One, Western Colorado, National Association
Jul 2, 1992 Colonial Bank and Trust Co. of Bureau County IL Citizens First National Bank
Jul 2, 1992 Gao Employees Federal Credit Union DC United States Senate Federal Credit Union
Jul 1, 1992 First Gibraltar Bank, a Federal Savings Bank San Antonio TX California Federal Bank
Jul 1, 1992 Rock Tenn County Employees Credit Union GA Associated Credit Union
Jul 1, 1992 Illinois Valley Bancshares, Inc. IL Princeton National Bancorp, Inc.
Jul 1, 1992 Southeastern Bancshares, Inc. TN Southeastern Bancshares, Inc.
Jul 1, 1992 Arkansas Union Bankshares, Inc. AR Union Bancshares of Benton, Inc.
Jul 1, 1992 First Petersburg Bancshares, Inc. IL First of America Bank Corporation
Jul 1, 1992 First Hanover Bancorp, Inc. IL Prairie Acquisition Corporation
Jul 1, 1992 Summcorp IN NBD Indiana, Inc.
Jul 1, 1992 Quad County Bancshares, Inc. MO Missouri Quad Bancshares, Inc.
Jul 1, 1992 Aquinas College Credit Union MI Lake Michigan Credit Union
Jul 1, 1992 Decatur Saint Marys Credit Union IL Citizens Equity First Credit Union
Jul 1, 1992 American Bancorp of Ponca City, Inc. OK HNB Corporation
Jul 1, 1992 WNCC Methodist Credit Union NC Summit Credit Union
Jul 1, 1992 Muskegon Piston Ring Employees Credit Union MI Port City Federal Credit Union
Jul 1, 1992 Five Thirty Nine Federal Credit Union CO West Denver Community Credit Union
Jul 1, 1992 Endicott Trust Company NY Manufacturers and Traders Trust Company
Jul 1, 1992 Fidelity Mutual Savings & Loan Association NJ First Home Savings Bank, FSB
Jul 1, 1992 Central Trust Company NY Manufacturers and Traders Trust Company
Jul 1, 1992 Grand Federal Credit Union VA Kemba Roanoke Federal Credit Union
Jul 1, 1992 Guilford County Employees Credit Union NC Summit Credit Union
Jul 1, 1992 Duckworth Employees Federal Credit Union MA Agawam Federal Credit Union
Jul 1, 1992 The First National Bank of Petersburg IL First of America Bank - Springfield, National Association
Jul 1, 1992 Associates National Bank CA Associates National Bank (Delaware)
Jul 1, 1992 Bankers First Savings Bank, F.S.B. GA Bankers First Savings Bank, FSB
Jul 1, 1992 Fairview Federal Savings and Loan Association MD The Columbia 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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