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 |
|---|---|---|
| Nov 10, 1992 | First Granite City Savings and Loan Association | Roosevelt Bank |
| Nov 10, 1992 | Conservative Bank, a Federal Savings Bank | Roosevelt Bank |
| Nov 10, 1992 | American Bank of Platte County | (unnamed) |
| Nov 3, 1992 | Lake Savings and Loan Association | Allied Bank, F.S.B. |
| Nov 3, 1992 | Suffern Postal Employees Federal Credit Union | Heritage Financial Federal Credit Union |
| Nov 2, 1992 | Citicorp Savings and Industrial Bank | The Minnequa Bank of Pueblo |
| Nov 2, 1992 | Affiliated Bankshares of Colorado, Inc. | Banc One Colorado Corporation |
| Nov 2, 1992 | 1st Bank of Catoosa | Boatmen's First National Bank of Oklahoma |
| Nov 2, 1992 | Potomac Community Federal Credit Union | Lafayette Federal Credit Union |
| Nov 2, 1992 | Security Bank | Boatmen's First National Bank of Oklahoma |
| Nov 2, 1992 | Choctaw State Bank | Bank One, Oklahoma, National Association |
| Nov 1, 1992 | Easton Postal Empl Fcu | First Class Federal Credit Union |
| Nov 1, 1992 | First Security Bank of Livingston | American Bank |
| Nov 1, 1992 | First Security Bank of Big Timber | American Bank |
| Nov 1, 1992 | De Kalb Community Federal Credit Union | Illinois Community Credit Union |
| Nov 1, 1992 | W a Whitney Employees Credit Union | Membersalliance Credit Union |
| Nov 1, 1992 | South Suburban College Federal Credit Union | Tech Credit Union |
| Nov 1, 1992 | GB Credit Union | Apex Financial Credit Union |
| Nov 1, 1992 | Illinois Media Association Credit Union | Land of Lincoln Credit Union |
| Nov 1, 1992 | Pettaquamscutt Credit Union | Chartway Federal Credit Union |
| Nov 1, 1992 | Triangle Credit Union | Enterprise Credit Union |
| Nov 1, 1992 | All Saints Bridgeport Credit Union | Access Credit Union |
| Nov 1, 1992 | InterWest Bank of Montana | American Bank |
| Oct 31, 1992 | The First National Bank of Konawa | Sooner State Bank |
| Oct 31, 1992 | First Citizens Bancorp of Cherokee County, Inc. | First National Bancorp |
| Oct 31, 1992 | Mission Hills Bank, National Association | Bank IV, National Association |
| Oct 31, 1992 | Citizens Loan and Building Company | American Community Bank, National Association |
| Oct 31, 1992 | Pueblo Boulevard Bank | Colorado National Bank - Pueblo |
| Oct 31, 1992 | Torrington National Company | First Nebraska Bancs, Inc. |
| Oct 31, 1992 | O'Connor Bros. State Bank of Renville | American State Bank of Olivia |
| Oct 30, 1992 | The Farmers and Merchants National Bank of Merkel | Security State Bank |
| Oct 30, 1992 | Integon Employees Credit Union | Truliant Federal Credit Union |
| Oct 30, 1992 | Trailer Credit Union and Associates | Credit Union One |
| Oct 30, 1992 | Crown National Leasing Company | Crown National Bancorporation, Inc. |
| Oct 30, 1992 | PSC Fcu | Ingersoll-Rand Federal Credit Union |
| Oct 29, 1992 | International Payment Systems Inc. | Busa Servicing, LLC |
| Oct 29, 1992 | DPC of Oshkosh, Inc. | Firstar Investment Research & Management Company |
| Oct 29, 1992 | DPC of Portage, Inc. | Firstar Investment Research & Management Company |
| Oct 29, 1992 | DPC of Manitowoc, Inc. | Firstar Investment Research & Management Company |
| Oct 29, 1992 | DPC of Green Bay, Inc. | Firstar Investment Research & Management Company |
| Oct 29, 1992 | DPC of Racine, Inc. | Firstar Investment Research & Management Company |
| Oct 29, 1992 | DPC of Madison, Inc. | Firstar Investment Research & Management Company |
| Oct 29, 1992 | DPC of Appleton, Inc. | Firstar Investment Research & Management Company |
| Oct 29, 1992 | DPC of Eau Claire, Inc. | Firstar Investment Research & Management Company |
| Oct 29, 1992 | City National Bank of Carrollton | Compass Bank-Dallas |
| Oct 29, 1992 | DPC of Rice Lake, Inc. | Firstar Investment Research & Management Company |
| Oct 29, 1992 | DPC of Fond Du Lac, Inc. | Firstar Investment Research & Management Company |
| Oct 29, 1992 | DPC of Minocqua, Inc. | Firstar Investment Research & Management Company |
| Oct 29, 1992 | DPC of Sheboygan, Inc. | Firstar Investment Research & Management Company |
| Oct 29, 1992 | DPC of Grantsburg, Inc. | Firstar Investment Research & Management Company |
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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