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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
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
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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