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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
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
Dec 11, 1992 Prince George's National Bank MD F&M Bank - Maryland, Inc.
Dec 11, 1992 The First National Bank of Birmingham, Alabama AL AmSouth Bank
Dec 11, 1992 Southern Bancorp, Inc. OK Fourth Financial Corporation
Dec 10, 1992 Community Action Organization of Erie County Federal Credit Union NY St. John United Federal Credit Union
Dec 10, 1992 McCook Bancshares, Inc. SD First Dakota Financial Corporation
Dec 9, 1992 Dela 8559 Federal Credit Union NJ Proponent Federal Credit Union
Dec 8, 1992 H C Progressivefederal Credit Union TX East Texas Professional Credit Union
Dec 8, 1992 Sunoco Credit Union TX US Employees Credit Union
Dec 8, 1992 First Florida Banks, Incorporated FL Barnett Merger Corporation
Dec 8, 1992 7L Corporation FL Barnett Merger Corporation
Dec 7, 1992 Liberty Bank of Maryland MD American Trust Bank
Dec 7, 1992 Security Bank of South Dakota, National Association SD First National Bank
Dec 7, 1992 (unnamed) — Firstar Bank Fond Du Lac, National Association
Dec 7, 1992 The Henry County Bank IL Pinnacle Bank of the Quad Cities
Dec 5, 1992 Colony Bank FL SouthTrust Bank of Florida, National Association
Dec 5, 1992 The People's National Bank of Lebanon PA Meridian Bank
Dec 5, 1992 Peoples Bancorp, Inc. PA Meridian Bancorp, Inc.
Dec 5, 1992 Republic Bank & Trust Co. NC Central Carolina Bank and Trust Company
Dec 5, 1992 Dakota Bank and Trust Company of Fargo ND First Bank of North Dakota, N.A.
Dec 4, 1992 (unnamed) — SunTrust Bank, Northwest, Florida
Dec 2, 1992 The First National Bank of Rockport TX Norwest Bank Texas, South Central
Dec 1, 1992 First Interstate Bank of West Billings MT First Interstate Bank
Dec 1, 1992 NBD Bank Woodridge IL NBD Bank
Dec 1, 1992 Heritage Group, Inc. (The) IL NBD Illinois, Inc.
Dec 1, 1992 Electrical Workers #340 Credit Union CA Heritage Community Credit Union
Dec 1, 1992 Colonial Federal Credit Union PA Freedom United Federal Credit Union
Dec 1, 1992 NBD Park Ridge Bank IL NBD Bank
Dec 1, 1992 Amcore Bank National Association, Pekin IL Commerce Bank, National Association
Dec 1, 1992 First Interstate Bank of Missoula, National Association MT First Interstate Bank
Dec 1, 1992 NBD Bank Lemont IL NBD Bank
Dec 1, 1992 First Financial Credit Union of Florida FL First Commerce Credit Union
Dec 1, 1992 NBD Woodfield Bank IL NBD Bank
Dec 1, 1992 First Interstate Bank of Hardin MT First Interstate Bank
Dec 1, 1992 NBD Chicago Bank IL NBD Bank
Dec 1, 1992 Muskego-Norway School Employees Credit Union WI Educators Credit Union
Dec 1, 1992 First State Bank of Alsip IL Great Lakes Bank, National Association
Dec 1, 1992 Eci Empl Fcu FL Grow Financial Federal Credit Union
Dec 1, 1992 First Interstate Bank of South Missoula, National Association MT First Interstate Bank
Dec 1, 1992 Team Bancshares II, Inc. DE Banc One Texas Corporation
Dec 1, 1992 Executive Park National Bank TN Citizens Bank
Dec 1, 1992 Webster Bank and Trust Company LA Minden Bank & Trust Company
Dec 1, 1992 Countryside Bank of Stratford IL NBD Bank
Dec 1, 1992 First Hysham Holding Company MT Stockman Holding Company
Dec 1, 1992 First Interstate Bank of Miles City MT First Interstate Bank
Dec 1, 1992 NBD Highland Park Bank, National Association IL NBD Bank
Dec 1, 1992 Bank of Chicago-Little Village/Banco de Chicago-La Villita IL Bank of Chicago, S.B.
Dec 1, 1992 NBD Elk Grove Bank IL NBD Bank
Dec 1, 1992 I.U.P.I.W. Credit Union CA Star Harbor Federal Credit Union
Dec 1, 1992 The Brookside Savings Bank, F.S.B. MO Roosevelt Bank
Dec 1, 1992 Team Bancshares, Inc. TX Banc One Texas Corporation

The list holds 500 of the 1,066 mergers recorded for 1992.

Enforcement Actions in 1992

Action date Agency Institution Action
Sep 11, 1992 OCC_OTS Home Federal Bank, Savings Bank Civil Money Penalty: Nello III Gonfiantini
Sep 11, 1992 OCC Dominion Bank of Washington National Association Formal Agreement: Dominion Bank Of Washington, N.A.
Sep 11, 1992 OCC Dominion Bank of Maryland National Association Formal Agreement: Dominion Bank Of Maryland, N.A.
Sep 11, 1992 OCC_OTS Home Federal Bank, Savings Bank Civil Money Penalty: Harvey Fennell
Sep 10, 1992 FRB Ken-Caryl Investment Company Written Agreement: Ken-Caryl Investment Company, Littleton, CO
Sep 10, 1992 OCC_OTS First Federal Savings and Loan Association Supervisory Agreement: First Federal Savings and Loan Association of Charlotte
Sep 9, 1992 OCC_OTS Lake Federal Savings and Loan Association of Hammond Cease and Desist: Lake Federal Savings and Loan Association of Hammond
Sep 9, 1992 OCC Texas National Bank Prohibition/Removal Orders: McGee, J. Michael
Sep 9, 1992 OCC Bacliff Bank, N.A. Prohibition/Removal Orders: Fitzgerald, Barry W.
Sep 8, 1992 OCC First National Bank of Holcomb Civil Money Penalty (CMP): Britton, Dane
Sep 4, 1992 OCC_OTS Pioneer Federal Savings & Loan Association Orders of Removal/Prohibition: Leopold (a/k/a Lee H.) Greif
Sep 4, 1992 FRB Midland Bank of Lenexa Prohibition from Banking: Leopold H. Greif
Sep 4, 1992 OCC College Boulevard National Bank C&D or PC&D Requiring Restitution: Greif, Leopold Harold
Sep 4, 1992 FRB Midland Bank of Lenexa Cease and Desist Order: Leopold H. Greif
Sep 3, 1992 OCC First National Bank of Lake City Formal Agreement: First National Bank Of Lake City
Sep 3, 1992 OCC_OTS (individual) Orders of Removal/Prohibition: George J. Theophilos
Sep 3, 1992 OCC_OTS (individual) Orders of Removal/Prohibition: Charles H. Keating III
Sep 3, 1992 OCC_OTS Preferred Savings Bank, Federal Savings Bank Orders of Removal/Prohibition: Barry L. Cook
Sep 3, 1992 OCC_OTS (individual) Cease and Desist: Nicholas R. Blasi
Sep 3, 1992 OCC Superior National Bank Formal Agreement: Superior National Bank
Sep 3, 1992 OCC_OTS Penn Federal Savings Bank Orders of Removal/Prohibition: Nicholas R. Blasi
Sep 3, 1992 OCC Republic National Bank of Englewood Formal Agreement: Republic National Bank Of Englewood
Sep 2, 1992 OCC_OTS (individual) Orders of Removal/Prohibition: Ward H. Feitt
Sep 2, 1992 OCC California International Bank, N.A. Formal Agreement: International City Bank, N.A..
Sep 1, 1992 OCC Queen City Bank, National Association Formal Agreement: Queen City National Bank
Sep 1, 1992 OCC Mountain West Bank of Helena, National Association Formal Agreement: Mountain West Bank Of Helena, N.A.
Sep 1, 1992 OCC Unity National Bank of Houston Civil Money Penalty (CMP): Jefferson, Limas
Aug 31, 1992 OCC_OTS The Caldwell Savings and Loan Company Cease and Desist: The Caldwell Savings and Loan Company
Aug 28, 1992 FRB Commercial National Corporation Written Agreement: National Commercial Bank, Jeddah, Saudi Arabia
Aug 28, 1992 OCC_OTS Pacific Southwest Bank Supervisory Agreement: Pacific Southwest Bank, FSB
Aug 27, 1992 FRB (individual) Written Agreement: BankSouth Corporation, First Chattanooga Corporation and Citizens Bank, Lawton, OK
Aug 27, 1992 OCC Addison National Bank Formal Agreement: Addison National Bank
Aug 25, 1992 OCC_OTS Danielson Federal Savings and Loan Association Orders of Removal/Prohibition: Michael J. Balch
Aug 25, 1992 OCC Gladewater National Bank Civil Money Penalty (CMP): Goddard, James H.
Aug 25, 1992 FRB (individual) Cease and Desist Order: Edwin L. Nutt
Aug 25, 1992 FRB (individual) Cease and Desist Order: Marshall County Bankshares, Inc., Beattie, KS
Aug 24, 1992 FRB Thirty Second Avenue Corporation Cease and Desist Order: Thirty Second Avenue Corporation, Wheat Ridge, CO
Aug 24, 1992 FRB (individual) Prohibition from Banking: Claudia Zeisberger
Aug 20, 1992 OCC The First National Bank of Union Springs Formal Agreement: First National Bank of Union Springs, The
Aug 19, 1992 OCC The Brenham National Bank Formal Agreement: Brenham National Bank
Aug 19, 1992 OCC_OTS South Bergen Savings and Loan Association Cease and Desist: South Bergen Savings and Loan Association
Aug 18, 1992 OCC The Valley View National Bank Civil Money Penalty (CMP): Bland, J.E.
Aug 18, 1992 OCC_OTS First Federal Savings and Loan Association of Hazleton Supervisory Agreement: First Federal Savings and Loan Association of Hazleton
Aug 18, 1992 OCC_OTS Fullerton Savings and Loan Association Supervisory Agreement: Fullerton Savings and Loan Association
Aug 18, 1992 OCC Western Springs National Bank and Trust Formal Agreement: Western Springs National Bank And Trust
Aug 18, 1992 OCC Merchants Bank of California, N.A. Formal Agreement: Rancho Dominguez Bank, National Association
Aug 17, 1992 FRB MT. Vernon Bancshares, Inc. Written Agreement: Mt. Vernon Bancshares, Inc., Mount Vernon, KY
Aug 17, 1992 OCC North State National Bank Formal Agreement: North State National Bank
Aug 14, 1992 OCC_OTS (individual) Orders of Removal/Prohibition: Andre A. Niebling
Aug 14, 1992 OCC_OTS First Federal Savings Bank of Perry Supervisory Agreement: First Federal Savings Bank of Perry

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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