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
May 29, 1992	Workingmen's Co-Operative Bank	Boston, MA	$223.7M	First NB of Boston
May 29, 1992	North American Thrift and Loan	Corona Del Mar, CA	$21.3M	—
May 22, 1992	Powder Mill Bank	Morris Plains, NJ	$49.6M	Valley National Bank
May 21, 1992	First FSA	Lewiston, ME	$83.0M	Kingfield SB
May 15, 1992	Malden Trust Company	Malden, MA	$225.2M	Eastern Bank
May 8, 1992	Shenandoah FSA	Martinsburg, WV	$94.2M	Blue Ridge Bank
May 8, 1992	Brookfield Bank	Brookfield, CT	$60.7M	Bristol Federal Savings
May 7, 1992	Jackson Exchange Bank & Trust Co	Jackson, MO	$123.3M	Boatmens NB Cape Girarde
May 7, 1992	First Exchange Bank of Cape Girardeau	Cape Girardeau, MO	$84.4M	Commerce BK Poplar Bluff
May 7, 1992	First Exchange Bank of St. Louis	St. Louis, MO	$55.6M	Magna BK St Louis Clayto
May 7, 1992	First Exchange Bank North St. Louis	Florissant, MO	$45.9M	First Bank a Savings Ban
May 7, 1992	First Exchange Bank of Madison County	Fredericktown, MO	$34.8M	Commerce BK St Francois
May 4, 1992	The Financial Center Bank, N.A.	San Francisco, CA	$225.2M	—
May 1, 1992	Metropolitan Bank, N.A.	Washington, DC	$27.1M	Adams National Bank
Apr 24, 1992	SouthState Bank for Savings	Brockton, MA	$285.9M	Baybank
Apr 24, 1992	Shore Bank & Trust Co.	Lynn, MA	$183.2M	Eastern Bank
Apr 24, 1992	First FSB of South Dakota	Rapid City, SD	$155.9M	Metropolitan FB, FSB
Apr 24, 1992	The Norwalk Bank	Norwalk, CT	$80.6M	Bank of Darien
Apr 24, 1992	First South SB	Columbia, SC	$57.0M	Southtrust Bank of Charlest
Apr 24, 1992	Valley Commercial Bank	Stockton, CA	$30.8M	Union Safe Deposit Bank
Apr 10, 1992	Valley FS & La	Van Nuys, CA	$2.00B	American SB, F.A.
Apr 10, 1992	Security First FS & La	Daytona Beach, FL	$1.01B	First Union NB of FL
Apr 10, 1992	Federal Sa of Virginia	Falls Church, VA	$31.5M	Fairfax B&TC
Apr 9, 1992	Fairfield County Trust Company	Stamford, CT	$132.4M	Chase Manhattan BK of CT
Apr 9, 1992	Red Bird Bank of Dallas	Dallas, TX	$38.6M	Bank of the SW of Dallas
Apr 3, 1992	First State Sa	Sedalia, MO	$166.1M	Mercantile Bank of Sedalia
Apr 3, 1992	The Bank of Beverly Hills	Beverly Hills, CA	$125.9M	—
Apr 3, 1992	Summit National Bank	Torrington, CT	$91.4M	American Bank of Connect
Apr 3, 1992	Commonwealth FSB	Manassas, VA	$72.5M	Fairfax B&TC
Mar 31, 1992	First Community Bank of Cherokee	Woodstock, GA	$35.6M	Etowah Bank
Mar 27, 1992	Flagler FS & La	Miami, FL	$1.60B	First Union NB of FL
Mar 27, 1992	Vanguard Savings Bank	Holyoke, MA	$427.9M	Fleet Bank of Ma N.A.
Mar 27, 1992	Placer Bank of Commerce	Roseville, CA	$34.8M	American River Bank
Mar 26, 1992	Theodore Roosevelt National Bank	Washington, DC	$13.8M	Industrial Bank of WA
Mar 26, 1992	American Bank of Commerce	Oklahoma City, OK	$13.5M	Rockwell Bank National a
Mar 20, 1992	The Bank for Savings	Malden, MA	$398.0M	Medford Savings Bank
Mar 20, 1992	United Mercantile B & T Co, N.A.	Pasadena, CA	$36.5M	Onecentral Bank
Mar 19, 1992	Independence Bank	Plano, TX	$21.8M	First Western National B
Mar 19, 1992	Southside National Bank	Nacogdoches, TX	$12.0M	Fredonia State Bank
Mar 19, 1992	Farmers & Merchants Bank	Tryon, OK	$4.3M	Union NB of Chandler
Mar 16, 1992	First Security Bank of Anaconda	Anaconda, MT	$31.6M	Bank of Montana Anaconda
Mar 13, 1992	Broadway Bank	Paterson, NJ	$400.5M	Hudson United Bank
Mar 13, 1992	First Ohio SB, FSB	St. Bernard, OH	$40.8M	Patriot FSB
Mar 13, 1992	Carrolton Home	New Orleans, LA	$35.9M	Liberty B&TC
Mar 12, 1992	Ukranian FS & La	Philadelphia, PA	$74.9M	Branch sale
Mar 12, 1992	Progressive National Bank of Rayne	Rayne, LA	$11.4M	St Landry Bank&trust Co
Mar 6, 1992	New Heritage Bank	Lawrence, MA	$99.8M	First NB of Boston
Feb 28, 1992	Lemont FSA	Lemont, IL	$193.7M	Branch sale
Feb 28, 1992	Mission Viejo National Bank	Mission Viejo, CA	$114.6M	—
Feb 28, 1992	Vista FSA	Reston, VA	$113.2M	Eastern American Bank, FSB

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
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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