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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
Dec 18, 1992 The Rushville National Bank Rushville, IN $41.6M Peoples Trust Co
Dec 18, 1992 The Bremen State Bank Bremen, KS $2.7M —
Dec 11, 1992 Meritor Savings Bank Philadelphia, PA $4.13B Mellon Bank National Ass
Dec 11, 1992 Eastland Savings Bank Woonsocket, RI $515.3M Fleet National Bank
Dec 11, 1992 Eastland Bank Woonsocket, RI $85.4M Fleet National Bank
Dec 11, 1992 Sailors & Merchants B&T Co. Vienna, VA $34.8M First Union Bank of Virg
Dec 8, 1992 Palm Beach FSA Palm Beach Garden, FL $59.4M Southbank, a FSB
Dec 4, 1992 Carteret FSB Madison, NJ $4.83B Branch sale
Dec 4, 1992 Second National, FSB Salisbury, MD $1.57B Branch sale
Dec 4, 1992 Heritage Bank for Savings Holyoke, MA $1.29B Fleet Bank of Ma N.A.
Dec 4, 1992 Security Federal Vineland, NJ $1.19B Meridian Bank, NJ
Dec 4, 1992 Burritt Interfinancial Bancorporation New Britain, CT $523.9M Derby Savings Bank
Dec 4, 1992 Huntington Pacific Thrift & Loan Huntington, CA $40.5M —
Nov 20, 1992 The Merchants Bank Kansas City, MO $1.45B Boatmen's First NB of KC
Nov 20, 1992 Polifly FS & La New Milford, NJ $458.0M Branch sale
Nov 20, 1992 Irving FB for Savings Chicago, IL $247.0M Branch sale
Nov 20, 1992 Crestline FS & La Crestline, OH $27.5M Premier B&T
Nov 13, 1992 First New York Bank for Business New York, NY $530.7M Merchants Bank of New Yo
Nov 13, 1992 Metro North State Bank Kansas City, MO $472.5M Boatmen's First NB of KC
Nov 13, 1992 Guaranty-First Trust Company Waltham, MA $353.2M Fleet Bank of Ma N.A.
Nov 13, 1992 The Overland Park FS & La Overland Park, KS $213.4M Conservative SB, FSB
Nov 13, 1992 Investors Bank and Trust Company Gretna, LA $51.6M Delta Bank&trust Co
Nov 13, 1992 Statewide Thrift and Loan Co. Redwood City, CA $9.6M Fireside Thrift Co
Nov 6, 1992 First FSB of Georgia, F.A. Winder, GA $108.2M Branch sale
Nov 6, 1992 Greenwood Bank of Bethel, Inc. Bethel, CT $33.3M Union SB of Danbury
Oct 30, 1992 First City, Texas - Houston, N.A. Houston, TX $2.80B Texas Commerce Bancshares
Oct 30, 1992 First City, Texas - Dallas, N.A. Dallas, TX $1.36B Texas Commerce Bancshares
Oct 30, 1992 Homestead FSA San Francisco, CA $1.31B Branch sale
Oct 30, 1992 First City, Texas - Beaumont, N.A. Beaumont, TX $532.2M Texas Commerce Bancshares
Oct 30, 1992 First City, Texas - Corpus Chris Corpus Christi, TX $462.8M Mercantile Bank, N.A.
Oct 30, 1992 First City, Texas - El Paso, N.A. El Paso, TX $395.9M Sunwest Bank of El Paso
Oct 30, 1992 First City, Texas - Austin, N.A. Austin, TX $345.5M The Frost National Bank
Oct 30, 1992 First City, Texas - Bryan, N.A. Bryan, TX $340.2M Victoria Bank and Trust
Oct 30, 1992 First City, Texas - Midland, N.A. Midland, TX $313.1M Texas Commerce Bancshares
Oct 30, 1992 First City, Texas - San Antonio San Antonio, TX $265.7M The Frost National Bank
Oct 30, 1992 First City, Texas - Tyler, N.A. Tyler, TX $259.2M First Commercial Corporatio
Oct 30, 1992 First City, Texas - Lufkin, N.A. Lufkin, TX $156.6M First Commercial Corporatio
Oct 30, 1992 First City, Texas - San Angelo, San Angelo, TX $142.8M First National Bank of West
Oct 30, 1992 First City, Texas - Orange, N.A. Orange, TX $132.0M First Heights Bank, FSB
Oct 30, 1992 First City, Texas - Alice, N.A. Alice, TX $128.0M Alice Bank of Texas
Oct 30, 1992 First City, Texas - Madisonville Madisonville, TX $123.4M Madisonville State Bank
Oct 30, 1992 First City, Texas - Lake Jackson Lake Jackson, TX $104.3M First Heights Bank, FSB
Oct 30, 1992 First City, Texas - Graham, N.A. Graham, TX $95.4M First National Bank of Olne
Oct 30, 1992 First City, Texas - Sour Lake Sour Lake, TX $53.5M Citizens Bank
Oct 30, 1992 First City, Texas - Aransas Pass Aransas Pass, TX $51.7M Corpus Christi National Ban
Oct 30, 1992 First City, Texas - Kountze, N.A. Kountze, TX $51.3M Citizens Bank
Oct 21, 1992 Standard FSB Gaithersburg, MD $1.72B Branch sale
Oct 16, 1992 Security FS & La Jackson, MS $276.5M Branch sale
Oct 16, 1992 Universal Bank Lanham, MD $18.0M —
Oct 9, 1992 Peidmont FSA Manassas, VA $444.6M Crestar Bank

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
Aug 8, 1992 First Federal Savings and Loan Association of Lenawee County MI Standard Federal Bank
Aug 8, 1992 The Laguna Bank, National Association CA Orange National Bank
Aug 7, 1992 Geneva Capital Corporation WI Firstar Corporation of Wisconsin
Aug 7, 1992 Peoples State Bank of Frazee MN First Integrity Bank, N.A.
Aug 7, 1992 Frazee Bancorporation, Inc. MN First Integrity Bancorporation
Aug 6, 1992 Jackson Township Credit Union NJ First Financial Federal Credit Union
Aug 5, 1992 Singer & Associates, Inc. IL Bankcentral Corporation
Aug 3, 1992 Main Line Bancshares, Inc. PA Keystone Financial, Inc.
Aug 3, 1992 Security Bank of Bollinger County MO Security Bank and Trust Company
Aug 1, 1992 Olympic Savings Bank WA KeyBank National Association
Aug 1, 1992 Wells Fargo Capital Market, Inc. CA Wells Fargo & Company
Aug 1, 1992 State Bank of Burchard NE FirstBank of Nebraska
Aug 1, 1992 Sterling Bankshares, Inc. NE Bank Management, Inc.
Aug 1, 1992 Tony Lama Employees Credit Union TX Golden Key Federal Credit Union
Aug 1, 1992 Helena Railway Employees Federal Credit Union MT Vocal Credit Union
Aug 1, 1992 Burchard Bankshares, Inc. NE Bank Management, Inc.
Aug 1, 1992 Tioga County Empl Fcu PA Tioga Area Federal Credit Union
Aug 1, 1992 Cca - Stonmo Fcu GA Georgia United Credit Union
Aug 1, 1992 Mahco Credit Union, Inc. OH Seven Seventeen Credit Union Inc
Aug 1, 1992 Midway Chemical Employees Federal Credit Union IL Archer Heights Credit Union
Aug 1, 1992 The First National Bank of Cushing TX The Hamilton National Bank
Aug 1, 1992 Kenton Parish Credit Union, Inc. OH Quest Federal Credit Union
Aug 1, 1992 Farmers and Merchants Bank KS Bank IV, National Association
Aug 1, 1992 Exlanco, Inc. MO First Southeast Missouri Bancorporation, Inc.
Aug 1, 1992 Cleveland Federal Credit Union MS Shelby Federal Credit Union
Aug 1, 1992 Stansanco Credit Union KY Altra Federal Credit Union
Aug 1, 1992 Honfed, a Federal Savings Bank HI Bank of America Federal Savings Bank
Aug 1, 1992 The First National Bank of Bonham TX The Hamilton National Bank
Aug 1, 1992 Lyons N Y C Credit Union IL Danville Bell Credit Union
Aug 1, 1992 Bank of Sterling NE FirstBank of Nebraska
Aug 1, 1992 Rock-Winn Credit Union IL Rockford Municipal Employees Credit Union
Aug 1, 1992 Foster County Cooperative Federal Credit Union ND Community Credit Union
Aug 1, 1992 Ozarks National Bank MO Bank Star One
Jul 31, 1992 Marlborough Municipal Employees Federal Credit Union MA Saint Mary's Credit Union
Jul 31, 1992 First Midwest Bancshares, Inc. KY South Central Bancshares, Inc.
Jul 31, 1992 Bureau Credit Union MN Topline Financial Credit Union
Jul 29, 1992 First Community Bancshares IL First Community Bancshares Corp.
Jul 27, 1992 Thrift Savings and Loan Company OH The Provident Bank
Jul 27, 1992 Peoples Federal Savings and Loan Association KY The Provident Bank of Kentucky
Jul 27, 1992 Merit Savings Association OH The Provident Bank
Jul 27, 1992 Suburban Federal Savings and Loan Association KY The Provident Bank of Kentucky
Jul 25, 1992 Suburban Employees Federal Credit Union NJ Emery Federal Credit Union
Jul 25, 1992 Cheltenham Township Employees Federal Credit Union PA American Heritage Federal Credit Union
Jul 24, 1992 First of America Bank-Wabash Valley IN First of America Bank-Indiana
Jul 24, 1992 Citizens Bank of Gibson County, National Association IN The Citizens National Bank of Evansville
Jul 24, 1992 Citizens Bank of Vincennes IN The Citizens National Bank of Evansville
Jul 24, 1992 Win Bancorp Incorporated IL FB Corporation
Jul 24, 1992 Citizens Bank of Posey County, National Association IN The Citizens National Bank of Evansville
Jul 24, 1992 The First National Bank of Pennsylvania PA Marine Bank
Jul 24, 1992 Mammoth Employees Credit Union KY Transcend Credit Union

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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