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
Sep 19, 1992	Burbank National Bank	CA	American Independent Bank, National Association
Sep 19, 1992	Crater Bank	OR	Western Bank
Sep 19, 1992	Illini Bank-Elkhart	IL	Illini Bank - North
Sep 18, 1992	Carpenters' Local 210 Federal Credit Union	CT	Western Connecticut Federal Credit Union
Sep 18, 1992	First American Savings Bank, FSB	OH	Charter One Bank, National Association
Sep 18, 1992	North Iowa State Bank	IA	Liberty Bank and Trust
Sep 17, 1992	Newtown Federal Credit Union	CT	Western Connecticut Federal Credit Union
Sep 16, 1992	Benbrook State Bank	TX	Heritage National Bank
Sep 15, 1992	Geibank Industrial Bank	CO	The Minnequa Bank of Pueblo
Sep 14, 1992	Manufacturers Bank, National Association	MI	Comerica Bank
Sep 12, 1992	Star Bank, South Central Ohio	OH	Star Bank, National Association, Tri State
Sep 12, 1992	Jersey Shore Savings and Loan Association	NJ	Santander Bank, N.A.
Sep 12, 1992	Federated Bank, S.S.B.	WI	Firstar Bank Milwaukee, National Association
Sep 12, 1992	El Paso State Bank	TX	Norwest Bank El Paso, National Association
Sep 10, 1992	Kansas National Bank and Trust Company	KS	Bank IV, National Association
Sep 10, 1992	KNB Bancshares, Inc.	KS	Fourth Financial Corporation
Sep 10, 1992	American Republic Bancorp	CA	Republic Bank
Sep 9, 1992	After Six Fcu	PA	Sun East Federal Credit Union
Sep 8, 1992	City Bancorp of Norman, Inc.	OK	First Fidelity Bancorp, Inc.
Sep 8, 1992	City National Bank & Trust Company	OK	First Fidelity Bank
Sep 5, 1992	Sunrise Bank for Savings, F.S.B.	KY	PNC Bank, Northern Kentucky, National Association
Sep 5, 1992	NCNB Bancorporation, Inc.	FL	C&S/Sovran Corporation
Sep 5, 1992	Usbancorp, Inc.	FL	C&S/Sovran Corporation
Sep 5, 1992	First Lima National Bank of Lima, Ohio	OH	(unnamed)
Sep 4, 1992	Coca-Cola Employees Credit Union	UT	Mountain America Federal Credit Union
Sep 4, 1992	Security Pacific Bank Washington, N.A.	WA	Bank of America NW, National Association
Sep 4, 1992	First Peoples Financial Corporation	NJ	Corestates Financial Corp
Sep 4, 1992	(unnamed)	—	NationsBank of Florida, National Association
Sep 4, 1992	Nationsbank Trust Company Florida, N.A.	FL	NationsBank of Florida, National Association
Sep 2, 1992	Southtrust of Northwest Florida, Inc.	FL	Southtrust of Florida, Incorporated
Sep 2, 1992	Petrolite Employees Credit Union	MO	Arsenal Credit Union
Sep 1, 1992	Vectra Bank of Lakewood	CO	Vectra Bank
Sep 1, 1992	First Gibraltar Bank, a Federal Savings Bank Plano	TX	California Federal Bank
Sep 1, 1992	Jefferson Bancorp, Inc.	IL	Banc One Illinois Corporation
Sep 1, 1992	Savannah Electric and Power Employees Credit Union	GA	Powerco Federal Credit Union
Sep 1, 1992	Bancard Corporation of Montana	MT	Bank of Montana, National Association
Sep 1, 1992	Ameriwest Bancor, Inc.	AZ	Bank of Scottsdale
Sep 1, 1992	Bank of Montana Anaconda	MT	Bank of Montana, National Association
Sep 1, 1992	Bank of Montana Village	MT	Bank of Montana, National Association
Sep 1, 1992	Bank of Montana Big Sandy	MT	Bank of Montana, National Association
Sep 1, 1992	Southeastern Indiana Federal Credit Union	IN	Cinco Family Financial Center Credit Union
Sep 1, 1992	Vectra Bank of Denver	CO	Vectra Bank
Sep 1, 1992	Saint Joseph Mantua Federal Credit Union	OH	Saints Margaret & Gregory Federal Credit Union
Sep 1, 1992	Nescor Federal Credit Union	OH	S T O F F E Federal Credit Union
Sep 1, 1992	Heartland Ca Federal Credit Union	CA	Arrowhead Federal Credit Union
Sep 1, 1992	Bank of Montana Eastside	MT	Bank of Montana, National Association
Sep 1, 1992	Bank of Montana Havre	MT	Bank of Montana, National Association
Sep 1, 1992	Bank of Montana Conrad	MT	Bank of Montana, National Association
Sep 1, 1992	Bank of Montana Rudyard	MT	Bank of Montana, National Association
Sep 1, 1992	Bank of Montana Chester	MT	Bank of Montana, National Association

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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