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

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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