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 |
|---|---|---|
| Oct 29, 1992 | DPC of Wausau, Inc. | Firstar Investment Research & Management Company |
| Oct 24, 1992 | Brentwood Bank | American National Bank of Sarpy County |
| Oct 24, 1992 | Heritage Bank Country Club Hills | Heritage Bank |
| Oct 24, 1992 | Murray Envelope Empl Cu | Sunbelt Federal Credit Union |
| Oct 24, 1992 | Illini Bank-Stonington | Illini Bank-East |
| Oct 24, 1992 | Home Federal Savings Bank | SouthTrust Bank of South Carolina, National Association |
| Oct 23, 1992 | Parent Federal Savings Bank | CCNB Bank, National Association |
| Oct 23, 1992 | Security National Bank East | Security National Bank of San Antonio |
| Oct 23, 1992 | The Gettysburg National Bank | CCNB Bank, National Association |
| Oct 22, 1992 | Manufacturers Affiliated Trust Company | Lasalle Bank Illinois |
| Oct 21, 1992 | Summit Holding Corporation | United Bankshares, Inc. |
| Oct 21, 1992 | Liberty Bancshares, Inc. | United Bankshares, Inc. |
| Oct 21, 1992 | Montgomery National Bank | United Bank |
| Oct 19, 1992 | Ameritrust Bank, Howard County | Society National Bank, Indiana |
| Oct 19, 1992 | (unnamed) | Society National Bank, Indiana |
| Oct 19, 1992 | Norwest Bank Nebraska Lincoln, National Association | Wells Fargo Bank Nebraska, National Association |
| Oct 19, 1992 | Ameritrust National Bank, Central Indiana | Society National Bank, Indiana |
| Oct 17, 1992 | Freedom Bank | The Peoples State Bank |
| Oct 17, 1992 | Bank One, Monticello | Bank One, Champaign-Urbana |
| Oct 17, 1992 | Inland Savings and Loan Association | HCN Bank |
| Oct 17, 1992 | Med Center Bank and Trust | Augusta Financial Group, Inc. |
| Oct 17, 1992 | Andrew Savings Bank | Mercantile Bank of Dubuque, National Association |
| Oct 17, 1992 | Northern Trust Bank of Florida/Sarasota, National Association | Northern Trust, National Association |
| Oct 17, 1992 | American National Bank of Lansing | Bank One, National Association |
| Oct 16, 1992 | Hemet Bancorp | HCN Bank |
| Oct 16, 1992 | Minnetonka National Bank | Ameribank |
| Oct 15, 1992 | Woodstream Fcu | Wheatland Federal Credit Union |
| Oct 15, 1992 | INB Financial Corporation | NBD Indiana, Inc. |
| Oct 10, 1992 | The Bank of Alexis | Farmers State Bank of Western Illinois |
| Oct 10, 1992 | Howard Empl Fcu | Sunbelt Federal Credit Union |
| Oct 8, 1992 | Nebraska State Bank | Farmers and Merchants Bank |
| Oct 8, 1992 | The Bank of Palmyra | Farmers and Merchants Bank |
| Oct 8, 1992 | Farmers State Bank | Farmers and Merchants Bank |
| Oct 7, 1992 | Belvedere Empl Fcu | Gold Coast Federal Credit Union |
| Oct 3, 1992 | First State Bank | Mercantile Bank of Mount Ayr |
| Oct 3, 1992 | Vistar Bank | Wells Fargo Bank Nebraska, National Association |
| Oct 3, 1992 | Wisco, Inc. | Hawkeye Bancorporation |
| Oct 3, 1992 | The Howard Federal Savings, F.A. | First Fidelity Bank, National Association, New Jersey |
| Oct 3, 1992 | United Bancshares, Inc. | Wells Fargo & Company |
| Oct 2, 1992 | Great Falls Clinic Federal Credit Union | The Family First Federal Credit Union |
| Oct 1, 1992 | A H P Employees Federal Credit Union | Benchmark Federal Credit Union |
| Oct 1, 1992 | Columbia Savings, a Federal Savings and Loan Association | Granite Bank, Federal Savings Bank |
| Oct 1, 1992 | Security Bank of Colorado | First United Bank, National Association |
| Oct 1, 1992 | Illinois Banc One Corporation | Banc One Illinois Corporation |
| Oct 1, 1992 | Florida Home Builders Association Credit Union | Space Coast Credit Union |
| Oct 1, 1992 | Kerite Employees Federal Credit Union | Science Park Federal Credit Union |
| Oct 1, 1992 | Woodford Investment Company | HBT Financial, Inc. |
| Oct 1, 1992 | United Missouri Safe Deposit Company | UMB Bank, N.A. |
| Oct 1, 1992 | Egco Federal Credit Union | Synergy Bank |
| Oct 1, 1992 | First State Bancorporation, Inc. | 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 |
|---|---|---|---|
| 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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