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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
Dec 31, 1992 (unnamed) — Rabobank, N.A.
Dec 31, 1992 First Bank/Las Colinas TX First Bank Texas National Association
Dec 31, 1992 Century Bancshares, Inc. KS Team Financial, Inc.
Dec 31, 1992 Kentucky State Bank of Scottsville, Kentucky KY Trans Financial Bank, N.A.
Dec 31, 1992 First Carolina Bank & Trust Company NC Mid-South Bank and Trust Company
Dec 31, 1992 (unnamed) — The Bank of San Diego
Dec 31, 1992 Orange Federal Savings and Loan Association NC RBC Bank (USA)
Dec 31, 1992 Dawson Springs Bancorp, Inc. KY Trans Financial, Inc.
Dec 31, 1992 First Commercial Bancshares, Inc. AL Synovus Financial Corp. of Alabama
Dec 31, 1992 Security FS&LA Nashville TN Regions Bank of Tennessee
Dec 31, 1992 Fidelcor Business Service of N.J. NJ Fidelcor, Inc.
Dec 31, 1992 Keney Mutual Benefit Association Credit Union CT Kief Protective Mutual Benefit Assn Credit Union
Dec 31, 1992 (unnamed) — The Bank of San Diego
Dec 31, 1992 United Bank of Kansas, Inc. KS Fourth Financial Corporation
Dec 31, 1992 U.N.D.C. Credit Union UT San Juan Credit Union
Dec 31, 1992 Electrical WKRS No 136 Fcu AL Legacy Community Federal Credit Union
Dec 31, 1992 First National Bank, Martinsville IN First National Bank & Trust
Dec 31, 1992 Clinton Federal Savings and Loan Association IA Firstar National Bank
Dec 31, 1992 Li Holding Corporation NY Fleet New York, Inc.
Dec 31, 1992 Bank Shares Incorporated MN U.S. Bancorp
Dec 31, 1992 Commercial Bank of Dawson KY Trans Financial Bank, N.A.
Dec 31, 1992 The Peoples National Bank of Liberal KS Bank IV, National Association
Dec 31, 1992 Great Western Bank, a Savings Bank WA Great Western Bank, a Federal Savings Bank
Dec 30, 1992 Gte Sylvania Lycoming Area Fcu PA Horizon Federal Credit Union
Dec 30, 1992 Fourth National Corporation OK Fourth Financial Corporation
Dec 30, 1992 First Carrollton Bancshares, Inc. MO Carrollton Bancshares Corporation
Dec 29, 1992 First Charlotte Mortgage Company NC First Charlotte Bank and Trust Company
Dec 29, 1992 Tsi Graphics Credit Union MO Neighbors Credit Union
Dec 28, 1992 I.B.E.W. #449 Credit Union ID Connections Credit Union
Dec 23, 1992 Southwest Bank of Hickory County MO Southwest Bank
Dec 23, 1992 Southwest Bank, National Association MO Southwest Bank
Dec 23, 1992 First Western National Bank TX Compass Bank-Dallas
Dec 23, 1992 Southwest Bank of Buffalo MO Southwest Bank
Dec 22, 1992 Yankee Capital Corporation MA Baybanks, Inc.
Dec 21, 1992 Mooresville Savings Bank, a Federal Savings Bank IN First Indiana Bank, National Association
Dec 21, 1992 Self Reliance Kerhonkson Federal Credit Union NY Self Reliance Financial Federal Credit Union
Dec 21, 1992 First Trident Savings and Loan Corporation SC The National Bank of South Carolina
Dec 21, 1992 First Federal Savings and Loan Association of Rushville IN First Indiana Bank, National Association
Dec 19, 1992 Southtrust Bank of Tampa FL SouthTrust Bank of Florida, National Association
Dec 18, 1992 The Peoples Bank of Front Royal VA Jefferson National Bank
Dec 18, 1992 Heintz Employees Federal Credit Union PA Trumark Credit Union
Dec 17, 1992 McKeesport Postal Employees Credit Union PA Parkview Community Federal Credit Union
Dec 16, 1992 Pruett, Crane and Lucky's Credit Union TN Trust Federal Credit Union
Dec 16, 1992 American Charter Federal Savings and Loan Association NE First Bank, Federal Savings Bank
Dec 15, 1992 Ellis County Teachers Credit Union KS Farmers Credit Union
Dec 14, 1992 Harbor Country Banking Company MI Fifth Third Bank, Indiana
Dec 13, 1992 Deerbrook State Bank IL Devon Bank
Dec 12, 1992 First FS&LA GA First Liberty Bank
Dec 12, 1992 Ripley Ussco Federal Credit Union OH Members Trust Federal Credit Union
Dec 12, 1992 First Chicago Bank for Savings, F.S.B. IL Heritage Bank

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

Enforcement Actions in 1992

Action date Agency Institution Action
Aug 14, 1992 OCC_OTS (individual) Orders of Removal/Prohibition: Robert M. Wurzelbacher Jr.
Aug 14, 1992 OCC_OTS (individual) Orders of Removal/Prohibition: Judy J. Wischer
Aug 14, 1992 OCC_OTS (individual) Orders of Removal/Prohibition: Robert J. Hubbard Jr.
Aug 13, 1992 OCC_OTS North Plains Savings and Loan Association Supervisory Agreement: North Plains Savings and Loan Association
Aug 12, 1992 FRB Bcci Holdings (Luxembourg) S.A. Civil Money Penalty $200,000,000: BCCI
Aug 12, 1992 FRB Buffalo Bank Corporation Cease and Desist Order: Buffalo Bank, Eleanor, WV
Aug 10, 1992 OCC_OTS United California Savings Bank Supervisory Agreement: United California Savings Bank
Aug 10, 1992 OCC First National Bank of Monticello Formal Agreement: First National Bank Of Monticello
Aug 10, 1992 OCC Marathon Bancorp Formal Agreement: Marathon National Bank
Aug 10, 1992 OCC_OTS (individual) Civil Money Penalty: Walter Jahrus
Aug 10, 1992 OCC_OTS First Federal Savings Bank of South Dakota Civil Money Penalty: Floyd Meidinger
Aug 10, 1992 OCC Suburban National Bank Prohibition/Removal Orders: Worden, Kenneth B.
Aug 6, 1992 OCC_OTS Gold River Savings Bank Orders of Removal/Prohibition: Walter Dobbs
Aug 6, 1992 OCC The First National Bank of Palmerton Formal Agreement: The First National Bank Of Palmerton
Aug 5, 1992 OCC College Boulevard National Bank Formal Agreement: Midland Bank Of Overland Park
Aug 5, 1992 OCC First National Bank of Manatee Formal Agreement: First National Bank Of Manatee
Aug 5, 1992 OCC Falcon Bancshares Incorporated Formal Agreement: Falcon National Bank
Aug 5, 1992 OCC_OTS Winter Hill Bank, FSB Supervisory Agreement: Winter Hill Federal Savings Bank
Aug 4, 1992 OCC (individual) Formal Agreement: Bank Of The Rio Grandes, N.A.
Aug 4, 1992 OCC New Atlantic Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): New Atlantic Bank, N.A.
Aug 4, 1992 OCC First National Bank of Shawnee Mission Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Shawnee Mission
Aug 4, 1992 OCC The First National Bank of Centre Hall Formal Agreement: The First National Bank of Centre Hall
Aug 3, 1992 FRB Ust Corp. Written Agreement: UST Corp., Boston, MA
Aug 3, 1992 FRB Home Port Bancorp, Inc. Written Agreement: Home Port Bancorp, Inc., Nantucket, MA
Jul 31, 1992 FRB Baltimore Bancorp Written Agreement: Baltimore Bancorp, Baltimore, MD
Jul 31, 1992 OCC_OTS First Federal Savings Bank Civil Money Penalty: James W. Carmack
Jul 31, 1992 OCC_OTS Avondale Financial Services, Inc. Civil Money Penalty: Irving V. Boberski
Jul 31, 1992 OCC_OTS First Federal Savings Bank Civil Money Penalty: Harry E. Eastman
Jul 31, 1992 OCC_OTS Avondale Financial Services, Inc. Cease and Desist: Irving B. Boberski
Jul 31, 1992 OCC Community Bank Formal Agreement: Community Bank National Association
Jul 31, 1992 OCC National Commercial Bank and Trust Company Formal Agreement: The National Commercial Bank
Jul 31, 1992 OCC_OTS Avondale Financial Services, Inc. Orders of Removal/Prohibition: Irving V. Boberski
Jul 31, 1992 FRB (individual) Written Agreement: First American Bank, Rosemead, CA
Jul 30, 1992 OCC Enfield National Bank Civil Money Penalty (CMP): Leaska, George
Jul 30, 1992 OCC Enfield National Bank Civil Money Penalty (CMP): Alaimo, James J.
Jul 30, 1992 OCC Enfield National Bank Civil Money Penalty (CMP): Burnett, Wallace M.
Jul 29, 1992 OCC_OTS AmWest Savings Association Supervisory Agreement: AmWest Savings Association
Jul 29, 1992 OCC_OTS Lehigh Savings and Loan Association Cease and Desist: Lehigh Savings Bank, SLA
Jul 29, 1992 OCC The First National Bank of Gordon C&D or PC&D Requiring Restitution: Ruse, Gary
Jul 29, 1992 OCC Central Coast National Bank Formal Agreement: Central Coast National Bank
Jul 29, 1992 OCC U.S. Bank N.A. Prohibition/Removal Orders: Hines, James E.
Jul 28, 1992 OCC_OTS (individual) Supervisory Agreement: Seaborad Savings Bank, F.S.B.
Jul 28, 1992 OCC_OTS First Federal of Western Pennsylvania Orders of Removal/Prohibition: Thomas D. Hinkson
Jul 27, 1992 OCC_OTS Enfield Federal Savings and Loan Association Supervisory Agreement: Enfield Federal Savings and Loan Association
Jul 27, 1992 OCC The Bank of East Asia, Limited Formal Agreement: The Bank of East Asia, Limited
Jul 27, 1992 OCC Lone Star National Bank Prohibition/Removal Orders: Stedman, Joseph B.
Jul 27, 1992 OCC_OTS Charter Federal Savings and Loan Association Cease and Desist: Terrell E. Bishop
Jul 27, 1992 OCC_OTS Fidelity Federal Savings Bank Cease and Desist: John F. Sr. McDonald
Jul 25, 1992 OCC The First National Bank of Ipswich Formal Agreement: First National Bank of Ipswich, The
Jul 24, 1992 OCC_OTS North American Savings Bank, FSB Civil Money Penalty: North American Savings Bank

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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