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 1, 1992 | Bank of Mill Creek | Mountain Valley Bank, N.A. |
| Oct 1, 1992 | Gte Arkansas Employees Credit Union | Qualtrust Credit Union |
| Oct 1, 1992 | Butler Area Credit Union | Usx Federal Credit Union |
| Oct 1, 1992 | M&I Tri-County Bank | M&I Central Bank & Trust |
| Oct 1, 1992 | Contoocock Valley Federal Credit Union | Granite State Credit Union |
| Oct 1, 1992 | Papermakers Credit Union | Kalsee Credit Union |
| Oct 1, 1992 | RT & E Federal Credit Union | Texas Plains Federal Credit Union |
| Oct 1, 1992 | Conna Employees Credit Union | L&N Federal Credit Union |
| Oct 1, 1992 | Tcta Federal Credit Union | Educational Systems Federal Credit Union |
| Oct 1, 1992 | M B F Employees Credit Union | Greenstate Credit Union |
| Oct 1, 1992 | Holy Cross Federal Credit Union | Northern Kentucky Federal Credit Union |
| Oct 1, 1992 | Saint Francis Desales Akron Federal Credit Union | B F G Federal Credit Union |
| Oct 1, 1992 | Fleet Bank of New York, National Association | Fleet Bank |
| Oct 1, 1992 | Independent Credit Association Federal Credit Union | CPM Federal Credit Union |
| Oct 1, 1992 | Ameritrust Southeast National Association | Key Trust Company of Florida, N.A. |
| Oct 1, 1992 | First Federal Savings and Loan Association of Platteville | Clare Bank, N.A. |
| Oct 1, 1992 | Interbanc | Intercontinental Bank, National Association |
| Oct 1, 1992 | Associated Greyhound Employees Federal Credit Union | Peoples Advantage Federal Credit Union |
| Oct 1, 1992 | Santa Fe Wichita Credit Union | Wheat State Credit Union |
| Oct 1, 1992 | Anderson Industries Federal Credit Union | OmniAmerican Bank |
| Oct 1, 1992 | Durfee Attleboro Bank | South Shore Bank |
| Oct 1, 1992 | Livingston Federal Credit Union | California Bear Credit Union |
| Oct 1, 1992 | The Falmouth National Bank | South Shore Bank |
| Oct 1, 1992 | Westinghouse Blairsville Federal Credit Union | Kennametal Employees Federal Credit Union |
| Oct 1, 1992 | SMW Federal Credit Union | Delaware First Federal Credit Union |
| Oct 1, 1992 | Wheatbelt Credit Union | Golden Plains Credit Union |
| Oct 1, 1992 | Inter-County Savings Bank | Mid-Hudson Savings Bank FSB |
| Oct 1, 1992 | Charlottesville City Employees Federal Credit Union | University of Virginia Community Credit Union, Inc. |
| Oct 1, 1992 | Lennox Federal Credit Union | Lennox Employees Credit Union |
| Oct 1, 1992 | B V D Fcu | Formation Federal Credit Union |
| Oct 1, 1992 | Security Bank of Commerce | First of America Bank-Southeast Michigan, National Association |
| Oct 1, 1992 | (unnamed) | North Fork Bank |
| Sep 30, 1992 | Security Financial Banking & Savings Federal Savings Bank | First Bank, Federal Savings Bank |
| Sep 30, 1992 | First National Bank of Gun Barrel City | The First National Bank of Athens |
| Sep 30, 1992 | WCMH Federal Credit Union | Valor Federal Credit Union |
| Sep 30, 1992 | North Texas Central Credit Union | First Class American Credit Union |
| Sep 30, 1992 | Cottage Savings Association, F.A. | First Financial Savings Association, F.A. |
| Sep 30, 1992 | First Apache Bancshares, Inc. | First Bank of Apache |
| Sep 28, 1992 | Ameritrust Development Bank | KeyBank N.A. |
| Sep 26, 1992 | The Provident Institution for Savings in the Town of Boston | Fleet National Bank of Massachusetts |
| Sep 26, 1992 | Hub National Bank | Hudson United Bank |
| Sep 26, 1992 | Southern Bancshares, Inc. | Security Bancshares, Inc. |
| Sep 25, 1992 | Landmark Savings Association | National City Bank of Pennsylvania |
| Sep 25, 1992 | Summit Hill Trust Company | The Citizens National Bank |
| Sep 22, 1992 | Grasselli New Jersey Employee Federal Credit Union | Mid-State Federal Credit Union |
| Sep 21, 1992 | The First National Bank of Deport | Guaranty Bank & Trust, N.A. |
| Sep 21, 1992 | (unnamed) | Wauneta Falls Bank, National Association |
| Sep 19, 1992 | Standard Bank and Trust Company of Hickory Hills | Standard Bank and Trust Company |
| Sep 19, 1992 | First Peoples Bank of New Jersey | New Jersey National Bank |
| Sep 19, 1992 | Lawrence National Bank and Trust Co. | (unnamed) |
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 | Assets |
|---|---|---|
| Dec 10, 1992 | Citizens State Bank | $12.9M |
| Oct 16, 1992 | Freedom Bank | $20.9M |
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