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 |
|---|---|---|
| Jul 23, 1992 | Paradise Finance, Incorporated | Finance Factors, Limited |
| Jul 20, 1992 | Peoples Federal Savings Bank of Thomasville | Truist Bank |
| Jul 18, 1992 | TN Pride Empl Cu | Old Hickory Credit Union |
| Jul 18, 1992 | (unnamed) | Boatmen's Bank of Southern Missouri |
| Jul 18, 1992 | Boatmen's National Bank of Cassville | Boatmen's Bank of Southern Missouri |
| Jul 18, 1992 | First Chicago Bank of Ravenswood | Bank One, National Association |
| Jul 17, 1992 | Cornat, Incorporated | Whitaker Bank Corporation of Kentucky |
| Jul 17, 1992 | Stockham Fcu | Secure First Credit Union |
| Jul 17, 1992 | American Bank of Franklin County | Mercantile Bank of Central Missouri |
| Jul 17, 1992 | First of America Bank - Plymouth, National Association | First of America Bank-Ann Arbor |
| Jul 16, 1992 | Piedmont State Bank | Bankers Trust of North Carolina |
| Jul 16, 1992 | Bank of Oklahoma, National Association, South | BOKF, N.A. |
| Jul 15, 1992 | PHP Credit Association Credit Union | Atlantic Coast Bank |
| Jul 13, 1992 | First FS&LA of Gi | First American Federal Savings and Loan Association |
| Jul 13, 1992 | AmeriTrust Company National Association | KeyBank N.A. |
| Jul 11, 1992 | First Trust Company of York | Cornerstone Bank |
| Jul 11, 1992 | Northern Federal Savings Bank | Deerfield Federal Savings and Loan Association |
| Jul 10, 1992 | Affiliated National Bank - Craig | Bank One, Western Colorado, National Association |
| Jul 10, 1992 | Affiliated National Bank - Delta | Bank One, Western Colorado, National Association |
| Jul 10, 1992 | Affiliated National Bank - Center | Bank One, Western Colorado, National Association |
| Jul 10, 1992 | Affiliated National Bank - Fort Collins | Bank One, Fort Collins/Loveland, National Association |
| Jul 10, 1992 | Affiliated National Bank - Montrose | Bank One, Western Colorado, National Association |
| Jul 10, 1992 | Affiliated National Bank - Fruita | Bank One, Western Colorado, National Association |
| Jul 2, 1992 | Colonial Bank and Trust Co. of Bureau County | Citizens First National Bank |
| Jul 2, 1992 | Gao Employees Federal Credit Union | United States Senate Federal Credit Union |
| Jul 1, 1992 | First Gibraltar Bank, a Federal Savings Bank San Antonio | California Federal Bank |
| Jul 1, 1992 | Rock Tenn County Employees Credit Union | Associated Credit Union |
| Jul 1, 1992 | Illinois Valley Bancshares, Inc. | Princeton National Bancorp, Inc. |
| Jul 1, 1992 | Southeastern Bancshares, Inc. | Southeastern Bancshares, Inc. |
| Jul 1, 1992 | Arkansas Union Bankshares, Inc. | Union Bancshares of Benton, Inc. |
| Jul 1, 1992 | First Petersburg Bancshares, Inc. | First of America Bank Corporation |
| Jul 1, 1992 | First Hanover Bancorp, Inc. | Prairie Acquisition Corporation |
| Jul 1, 1992 | Summcorp | NBD Indiana, Inc. |
| Jul 1, 1992 | Quad County Bancshares, Inc. | Missouri Quad Bancshares, Inc. |
| Jul 1, 1992 | Aquinas College Credit Union | Lake Michigan Credit Union |
| Jul 1, 1992 | Decatur Saint Marys Credit Union | Citizens Equity First Credit Union |
| Jul 1, 1992 | American Bancorp of Ponca City, Inc. | HNB Corporation |
| Jul 1, 1992 | WNCC Methodist Credit Union | Summit Credit Union |
| Jul 1, 1992 | Muskegon Piston Ring Employees Credit Union | Port City Federal Credit Union |
| Jul 1, 1992 | Five Thirty Nine Federal Credit Union | West Denver Community Credit Union |
| Jul 1, 1992 | Endicott Trust Company | Manufacturers and Traders Trust Company |
| Jul 1, 1992 | Fidelity Mutual Savings & Loan Association | First Home Savings Bank, FSB |
| Jul 1, 1992 | Central Trust Company | Manufacturers and Traders Trust Company |
| Jul 1, 1992 | Grand Federal Credit Union | Kemba Roanoke Federal Credit Union |
| Jul 1, 1992 | Guilford County Employees Credit Union | Summit Credit Union |
| Jul 1, 1992 | Duckworth Employees Federal Credit Union | Agawam Federal Credit Union |
| Jul 1, 1992 | The First National Bank of Petersburg | First of America Bank - Springfield, National Association |
| Jul 1, 1992 | Associates National Bank | Associates National Bank (Delaware) |
| Jul 1, 1992 | Bankers First Savings Bank, F.S.B. | Bankers First Savings Bank, FSB |
| Jul 1, 1992 | Fairview Federal Savings and Loan Association | The Columbia 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 | Assets |
|---|---|---|
| Dec 10, 1992 | Citizens State Bank | $12.9M |
| Oct 16, 1992 | Freedom Bank | $20.9M |
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