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
Oct 2, 1992	The Howard Savings Bank	Newark, NJ	$3.46B	First Fidelity Bank Na N
Oct 2, 1992	First Constitution Bank	New Haven, CT	$1.57B	First Federal Bank a FSB
Oct 2, 1992	Eastwest Bank, N.A.	Kihei, HI	$3.8M	First Hawaiian Bank
Sep 25, 1992	Hometown Bank	Edison, NJ	$25.2M	Somerset Trust Co
Sep 25, 1992	Highlands Community Bank, N.A.	Clinton Township, NJ	$19.7M	Somerset Trust Co
Sep 24, 1992	First Exchange Bank of Little Rock	Little Rock, AR	$24.7M	First Commercial Bank N.A.
Sep 18, 1992	Plymouth Five Cents Savings Bank	Plymouth, MA	$221.0M	Citizens Bank of MA
Sep 18, 1992	The Washington Bank	Fairfax County, VA	$28.1M	George Mason Bank
Sep 10, 1992	The First National Bank of Yorktown	Yorktown, TX	$34.4M	Citizens Bank
Aug 28, 1992	The Union Savings Bank	Patchogue, NY	$491.1M	Home Federal Savings Ban
Aug 28, 1992	Seacoast Savings Bank	Dover, NH	$84.8M	First S&LA of New Hampsh
Aug 28, 1992	Potomac FSB	Silver Spring, MD	$72.3M	Maryland FS&LA
Aug 21, 1992	Attleboro Pawtucket SB	Pawtucket, MA	$632.5M	New Bedford Inst for SVG
Aug 21, 1992	Birmingham FSB	Birmingham, AL	$91.8M	First Commercial Bank
Aug 14, 1992	Winchendon Savings Bank	Winchendon, MA	$65.2M	Athol Savings Bank
Aug 7, 1992	Citadel FS & La	Charleston, SC	$39.0M	Carolina First Bank
Aug 7, 1992	Foxworth Bank	Foxworth, MS	$36.5M	Trustmark National Bank
Jul 31, 1992	Massachusetts Bank & Trust Co.	Brockton, MA	$61.8M	Haymarket Coop Bank
Jul 24, 1992	First Russell County	Phenix City, AL	$87.0M	Branch sale
Jul 23, 1992	First National Bank of Texas	Webster, TX	$92.1M	First Prosperity Bank
Jul 17, 1992	New England FSA	Wellesley, MA	$137.3M	Cambridgeport Bank
Jul 17, 1992	Liberty FSB	Warrenton, VA	$92.0M	Jefferson NB
Jul 17, 1992	State Bank of Springfield	Springfield, MN	$30.3M	Southwest State Bank
Jul 10, 1992	Transohio, FSB	Cleveland, OH	$3.37B	Branch sale
Jul 10, 1992	Home FSB	Norfolk, VA	$224.2M	Home SB, FSB
Jul 10, 1992	Southern FSA of Georgia	Atlanta, GA	$160.0M	Branch sale
Jul 6, 1992	Homefed Bank, F.A.	San Diego, CA	$12.18B	Branch sale
Jun 26, 1992	Jacksonville FSA	Jacksonville, FL	$150.9M	First Union NB of FL
Jun 26, 1992	Olympic International Bank & Trust	Boston, MA	$140.3M	Haymarket Coop Bank
Jun 26, 1992	The Somersworth Bank	Somersworth, NH	$114.1M	New Dartmouth Bank
Jun 26, 1992	Vernon Bank	Vernon, CT	$34.3M	Bank of South Windsor
Jun 25, 1992	American National Bank - Post Oak	Houston, TX	$24.7M	First Prosperity Bank
Jun 25, 1992	Castle Hills National Bank	San Antonio, TX	$13.8M	International BK of Com
Jun 19, 1992	Coastal FSB	New London, CT	$238.2M	Branch sale
Jun 19, 1992	First Home FSA	Pittsburgh, PA	$131.7M	First Home FSB, FSB
Jun 19, 1992	First Newport FSB	Newport Beach, CA	$35.0M	Sterling B&T, FSB
Jun 12, 1992	American Savings Bank	White Plains, NY	$3.20B	First Fidelity Bank Na N
Jun 12, 1992	Columbia Banking Fed.	Rochester, NY	$1.28B	Branch sale
Jun 12, 1992	Riverhead Savings Bank	Riverhead, NY	$388.8M	Bank of New York
Jun 12, 1992	San Clemente FSB	San Clemente, CA	$220.4M	Household Bank, FSB
Jun 12, 1992	Cherokee Valley FSA	Cleveland, TN	$142.5M	Branch sale
Jun 12, 1992	Landmark Bank for Savings	Whitman, MA	$62.1M	Abington Savings Bank
Jun 12, 1992	American Interstate Bank	Newport Beach, CA	$42.0M	Marine National Bank
Jun 5, 1992	First American FSB	Greensboro, NC	$804.3M	Centura Bank
Jun 5, 1992	Republic FSB	Matteson, IL	$290.3M	Regency SB, FSB
Jun 5, 1992	Cooper River, FSA	North Charleston, SC	$228.9M	First Citizens B&TC of SC
Jun 5, 1992	Volunteer FSA	Little Ferry, NJ	$51.2M	Interchange State Bank
Jun 4, 1992	Home Unity Federal	Lafayette Hill, PA	$684.8M	Branch sale
Jun 4, 1992	Mayfair Bank	Chicago, IL	$32.2M	Foster Bank
Jun 4, 1992	The Home State Bank	Longton, KS	$4.2M	—

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
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
Sep 29, 1992	OCC	The National Bank of Washington	Civil Money Penalty (CMP): Coleman, Donald
Sep 29, 1992	OCC_OTS	Rantoul First Federal Savings and Loan Association	Supervisory Agreement: Rantoul First Federal Savings and Loan Association
Sep 29, 1992	OCC_OTS	Rantoul First Federal Savings and Loan Association	Supervisory Agreement: Rantoul First Federal Savings and Loan Association
Sep 28, 1992	OCC	City National Bank	Prohibition/Removal Orders: Widman, William L.
Sep 28, 1992	FRB	National Bank of Pakistan	Cease and Desist Order: National Bank of Pakistan, Karachi, Pakistan and National Bank of …
Sep 28, 1992	FRB	(individual)	Civil Money Penalty (collectively with Marshall County Bankshares, Inc., Beattie, KS) $2,000: Edwin L. …
Sep 28, 1992	FRB	(individual)	Civil Money Penalty (collectively with Edwin L. Nutt) $2,000: Marshall County Bankshares, Inc., Beattie, …
Sep 28, 1992	FRB	National Bank of Pakistan	Civil Money Penalty $200,000: National Bank of Pakistan, Karachi, Pakistan and National Bank of …
Sep 25, 1992	OCC_OTS	Sykesville Federal Savings Association	Supervisory Agreement: Sykesville Federal Savings Association
Sep 25, 1992	OCC_OTS	First Federal Savings Bank of Indiana	Cease and Desist: Lon G. Price
Sep 25, 1992	OCC_OTS	Avondale Financial Services, Inc.	Civil Money Penalty: Betty J. Chesney
Sep 25, 1992	OCC_OTS	Avondale Financial Services, Inc.	Civil Money Penalty: Henry C. Pociask
Sep 25, 1992	OCC_OTS	First Federal Savings Bank of Indiana	Orders of Removal/Prohibition: Lon G. Price
Sep 24, 1992	OCC	The Rushville National Bank	Civil Money Penalty (CMP): Sloan, E. Weston
Sep 24, 1992	OCC_OTS	First Bank of Beverly Hills, State Savings Bank	Cease and Desist: First Bank of Beverly Hills, SSB
Sep 24, 1992	OCC_OTS	Winter Hill Federal Savings and Loan Association	Orders of Removal/Prohibition: Joseph W. Howard
Sep 23, 1992	OCC_OTS	(individual)	Cease and Desist: Wendell W. Colon
Sep 23, 1992	OCC_OTS	White Eagle Federal Savings Bank	Supervisory Agreement: White Eagle FSB
Sep 22, 1992	OCC	First National Bank of Annapolis	Civil Money Penalty (CMP): Kemp, Linda D.
Sep 22, 1992	OCC	First National Bank of Annapolis	Civil Money Penalty (CMP): Ford, Barbara
Sep 22, 1992	OCC	The National Republic Bank of Chicago	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The National Republic Bank Of Chicago
Sep 22, 1992	OCC_OTS	Lincoln Savings and Loan Association, F.A.	Cease and Desist: Robert J. Kielty
Sep 22, 1992	OCC	First National Bank of Annapolis	Civil Money Penalty (CMP): Ford, Delian
Sep 21, 1992	FRB	Paonia Financial Services, Inc.	Written Agreement: George J. Murphy, Jr.
Sep 21, 1992	FRB	Paonia Financial Services, Inc.	Written Agreement: Paonia Financial Services, Inc., Paonia, CO
Sep 21, 1992	OCC	San Dieguito National Bank	Formal Agreement: San Dieguito National Bank
Sep 21, 1992	OCC	First National Bank of South Carolina	Formal Agreement: First National Bank of South Carolina
Sep 21, 1992	OCC	(individual)	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): National State Bank
Sep 18, 1992	OCC_OTS	Avondale Financial Services, Inc.	Civil Money Penalty: James III Simpson
Sep 18, 1992	OCC	Republic Federal Bank, N.A.	Prohibition/Removal Orders: Martinez, Jorge A.
Sep 17, 1992	OCC	Westheimer Memorial Bank, N.A.	Prohibition/Removal Orders: Houk, Allen R.
Sep 17, 1992	OCC_OTS	Century Bank	Supervisory Agreement: Century Bank, FSB
Sep 17, 1992	OCC_OTS	Del Amo Savings Bank	Supervisory Agreement: Del Amo Savings Bank, F.S.B.
Sep 17, 1992	OCC_OTS	(individual)	Cease and Desist: Henry L. Hicks
Sep 17, 1992	OCC_OTS	Statesman Federal Savings Bank	Cease and Desist: Walter F. Schroeder
Sep 17, 1992	OCC	The First National Bank of Bellville	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank Of Bellville
Sep 16, 1992	FRB	First State Bancorp	Written Agreement: First State Bancorp, Howell, NJ
Sep 16, 1992	OCC_OTS	Home City Federal Savings Bank of Springfield	Supervisory Agreement: Home City Federal Savings and Loan Association of Springfield
Sep 16, 1992	FRB	CivicBank of Commerce	Written Agreement: CivicBank of Commerce, Oakland, CA
Sep 15, 1992	OCC_OTS	Doylestown Federal Savings & Loan Association	Orders of Removal/Prohibition: Charles J. Durnin Jr.
Sep 15, 1992	FRB	Glendale Bank of Pennsylvania	Written Agreement: Glendale Bank of Pennsylvania, Philadelphia, PA
Sep 15, 1992	OCC_OTS	First Federal Savings Bank	Civil Money Penalty: Robert C. Lydick
Sep 15, 1992	OCC_OTS	Key Holdings, Inc.	Supervisory Agreement: Key Federal Savings Bank
Sep 15, 1992	OCC	First National Bank of Holcomb	Civil Money Penalty (CMP): McAtee, Lewis E.
Sep 15, 1992	OCC_OTS	First Federal Savings Bank	Civil Money Penalty: Carl E. Deaton
Sep 15, 1992	OCC_OTS	First Federal Savings Bank	Civil Money Penalty: Charles Guthals
Sep 15, 1992	OCC_OTS	First Federal Savings Bank	Civil Money Penalty: Kathleen M. Haynes
Sep 14, 1992	OCC	Tri-County National Bank	Formal Agreement: Tri-County National Bank
Sep 14, 1992	FRB	First Pacific Bancorp, Inc.	Civil Money Penalty $5,000: Dellinger & Company, Los Angeles, CA
Sep 11, 1992	OCC_OTS	Home Federal Bank, Savings Bank	Civil Money Penalty: Mark Combs

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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