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 | Assets |
|---|---|---|
| Feb 28, 1992 | Irvington FSB | $43.8M |
| Feb 28, 1992 | Colony Savings Bank | $35.7M |
| Feb 28, 1992 | Alpha Indian Rock FS & La | $7.2M |
| Feb 27, 1992 | Columbia Bank | $17.0M |
| Feb 21, 1992 | Dollar DRY Dock Bank | $4.03B |
| Feb 21, 1992 | The Bank of Brandywine Valley | $44.9M |
| Feb 21, 1992 | National City Bank | $19.0M |
| Feb 14, 1992 | The Central Savings Bank | $369.1M |
| Feb 7, 1992 | United Savings of America, F.A. | $327.2M |
| Feb 7, 1992 | Merchants National Bank | $35.1M |
| Feb 7, 1992 | Kempton State Bank | $3.6M |
| Feb 6, 1992 | Landmark Bank of Forth Worth | $80.5M |
| Jan 31, 1992 | Pelican Homestead Sa | $1.28B |
| Jan 31, 1992 | Security FSA | $107.1M |
| Jan 31, 1992 | Sentinel Bank | $74.8M |
| Jan 31, 1992 | Fountain Bank | $15.6M |
| Jan 30, 1992 | Independence Bank | $535.8M |
| Jan 30, 1992 | Atlantic Trust Company | $21.2M |
| Jan 24, 1992 | Crossland Savings Bank, FSB | $7.43B |
| Jan 24, 1992 | Banco Nacional, N.A. | $52.1M |
| Jan 24, 1992 | Advanced FSB | $23.1M |
| Jan 24, 1992 | American National Bank of New York | $18.0M |
| Jan 23, 1992 | First State Bank | $16.5M |
| Jan 16, 1992 | The Bank of Verde Valley | $10.3M |
| Jan 10, 1992 | Perpetual Savings Bank | $2.89B |
| Jan 10, 1992 | Hansen FSA | $572.4M |
| Jan 10, 1992 | The Citizens Bank | $60.6M |
| Jan 10, 1992 | Hansen FSB | $51.8M |
| Jan 3, 1992 | Assured Thrift and Loan Association | $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 | Acquirer |
|---|---|---|
| Dec 1, 1992 | NBD Arlington Heights Bank | NBD Bank |
| Dec 1, 1992 | Affiliated Banc Group, Inc. | Comerica Incorporated |
| Dec 1, 1992 | NBD Northfield Bank | NBD Bank |
| Dec 1, 1992 | First Interstate Bank of Colstrip | First Interstate Bank |
| Dec 1, 1992 | NBD Bank Mount Prospect, National Association | NBD Bank |
| Dec 1, 1992 | Team Bank | Bank One, Texas, National Association |
| Dec 1, 1992 | Home Owners Savings Bank Federal Savings Bank | First Bank, Federal Savings Bank |
| Dec 1, 1992 | NBD Glenbrook Bank | NBD Bank |
| Dec 1, 1992 | NBD Bank Lake Zurich, National Association | NBD Bank |
| Dec 1, 1992 | NBD Bank Elgin, National Association | NBD Bank |
| Dec 1, 1992 | The First National Bank in Hysham | Farmers State Bank of Worden |
| Dec 1, 1992 | Norbanc Lease, Inc. | PNC Bank, Northeast PA |
| Dec 1, 1992 | Waldorf State Bank | Roundbank |
| Dec 1, 1992 | Norbanc Realty Company, Inc. | PNC Bank, Northeast PA |
| Dec 1, 1992 | NBD Bank Evanston, National Association | NBD Bank |
| Dec 1, 1992 | Citizens Bank of Live Oak | CNB National Bank |
| Dec 1, 1992 | NBD Winfield Bank | NBD Bank |
| Dec 1, 1992 | Bank of Chicago-Lakeshore | Bank of Chicago, S.B. |
| Dec 1, 1992 | Community Homestead Association | Teche Federal Bank |
| Dec 1, 1992 | First Interstate Bank of Billings Heights | First Interstate Bank |
| Dec 1, 1992 | Saint Georges Parish Federal Credit Union | Westport Federal Credit Union |
| Nov 30, 1992 | First Western Federal Savings and Loan Association | Interbank |
| Nov 30, 1992 | St. Stephen Bancorporation, Inc. | Saint Stephen Bangroup, Inc. |
| Nov 30, 1992 | Hindley Employees Credit Union | Navigant Credit Union |
| Nov 30, 1992 | Spokane MSC Federal Credit Union | United Health Services Credit Union |
| Nov 28, 1992 | Trans Financial Bank of Tennessee, Federal Savings Bank | Trans Financial Bank of Tennessee, Federal Savings Bank |
| Nov 24, 1992 | Medical Health Group Fcu | America's Credit Union |
| Nov 22, 1992 | First Western Federal Savings Association of Wenatchee | First Western Bank, a Federal Savings Bank |
| Nov 21, 1992 | Merchants Bancorp, Inc. | Fidelcor, Inc. |
| Nov 21, 1992 | Linden Rheem Employees Federal Credit Union | The Atlantic Federal Credit Union |
| Nov 21, 1992 | Central Credit Union | Granite State Credit Union |
| Nov 21, 1992 | First American Savings, F.A. | Provident National Bank |
| Nov 21, 1992 | SafraBank National Association | Republic Bank for Savings, N.A. |
| Nov 21, 1992 | Hancock Federal Savings and Loan Association | First Community Bank |
| Nov 21, 1992 | Brandywine Savings and Loan Association | Provident National Bank |
| Nov 19, 1992 | River Oaks Bank | Compass Bank |
| Nov 18, 1992 | WRB Bancshares, Inc. | INTRUST Financial Corporation |
| Nov 17, 1992 | AT&M Corp Employees Credit Union | Erie County Employees Credit Union |
| Nov 16, 1992 | Jasand, Inc. | Hawkeye Bancorporation |
| Nov 16, 1992 | The Bank of Massachusetts, Inc. d/b/a/ Century Bank/Suffolk | Century Bank and Trust Company |
| Nov 16, 1992 | Century North Shore Bank and Trust Company | Century Bank and Trust Company |
| Nov 16, 1992 | Valley First National Bank of Beaver Dam | Valley Bank, South Central (National Association) |
| Nov 16, 1992 | Bigelow Sandford Employees Federal Credit Union | Southern Select Community Cu |
| Nov 16, 1992 | Cole Taylor Bank/Yorktown | Cole Taylor Bank |
| Nov 16, 1992 | Community Bank & Trust N.A. of Randolph County | Community Bank and Trust of Randolph County |
| Nov 14, 1992 | Louisville Public Library Credit Union | Transcend Credit Union |
| Nov 13, 1992 | First Fidelity Bank, National Association, North Jersey | First Fidelity Bank, National Association, New Jersey |
| Nov 13, 1992 | Edmonds National Bank | Frontier Bank |
| Nov 11, 1992 | Dakota First Trust Company | First Trust Company of North Dakota N.A. |
| Nov 10, 1992 | American Bank | (unnamed) |
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 | Assets |
|---|---|---|
| Dec 10, 1992 | Citizens State Bank | $12.9M |
| Oct 16, 1992 | Freedom Bank | $20.9M |
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