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 1, 1992	NBD Arlington Heights Bank	IL	NBD Bank
Dec 1, 1992	Affiliated Banc Group, Inc.	IL	Comerica Incorporated
Dec 1, 1992	NBD Northfield Bank	IL	NBD Bank
Dec 1, 1992	First Interstate Bank of Colstrip	MT	First Interstate Bank
Dec 1, 1992	NBD Bank Mount Prospect, National Association	IL	NBD Bank
Dec 1, 1992	Team Bank	TX	Bank One, Texas, National Association
Dec 1, 1992	Home Owners Savings Bank Federal Savings Bank	MN	First Bank, Federal Savings Bank
Dec 1, 1992	NBD Glenbrook Bank	IL	NBD Bank
Dec 1, 1992	NBD Bank Lake Zurich, National Association	IL	NBD Bank
Dec 1, 1992	NBD Bank Elgin, National Association	IL	NBD Bank
Dec 1, 1992	The First National Bank in Hysham	MT	Farmers State Bank of Worden
Dec 1, 1992	Norbanc Lease, Inc.	PA	PNC Bank, Northeast PA
Dec 1, 1992	Waldorf State Bank	MN	Roundbank
Dec 1, 1992	Norbanc Realty Company, Inc.	PA	PNC Bank, Northeast PA
Dec 1, 1992	NBD Bank Evanston, National Association	IL	NBD Bank
Dec 1, 1992	Citizens Bank of Live Oak	FL	CNB National Bank
Dec 1, 1992	NBD Winfield Bank	IL	NBD Bank
Dec 1, 1992	Bank of Chicago-Lakeshore	IL	Bank of Chicago, S.B.
Dec 1, 1992	Community Homestead Association	LA	Teche Federal Bank
Dec 1, 1992	First Interstate Bank of Billings Heights	MT	First Interstate Bank
Dec 1, 1992	Saint Georges Parish Federal Credit Union	MA	Westport Federal Credit Union
Nov 30, 1992	First Western Federal Savings and Loan Association	OK	Interbank
Nov 30, 1992	St. Stephen Bancorporation, Inc.	MN	Saint Stephen Bangroup, Inc.
Nov 30, 1992	Hindley Employees Credit Union	RI	Navigant Credit Union
Nov 30, 1992	Spokane MSC Federal Credit Union	WA	United Health Services Credit Union
Nov 28, 1992	Trans Financial Bank of Tennessee, Federal Savings Bank	TN	Trans Financial Bank of Tennessee, Federal Savings Bank
Nov 24, 1992	Medical Health Group Fcu	TX	America's Credit Union
Nov 22, 1992	First Western Federal Savings Association of Wenatchee	WA	First Western Bank, a Federal Savings Bank
Nov 21, 1992	Merchants Bancorp, Inc.	PA	Fidelcor, Inc.
Nov 21, 1992	Linden Rheem Employees Federal Credit Union	NJ	The Atlantic Federal Credit Union
Nov 21, 1992	Central Credit Union	NH	Granite State Credit Union
Nov 21, 1992	First American Savings, F.A.	PA	Provident National Bank
Nov 21, 1992	SafraBank National Association	FL	Republic Bank for Savings, N.A.
Nov 21, 1992	Hancock Federal Savings and Loan Association	IL	First Community Bank
Nov 21, 1992	Brandywine Savings and Loan Association	PA	Provident National Bank
Nov 19, 1992	River Oaks Bank	TX	Compass Bank
Nov 18, 1992	WRB Bancshares, Inc.	OK	INTRUST Financial Corporation
Nov 17, 1992	AT&M Corp Employees Credit Union	NY	Erie County Employees Credit Union
Nov 16, 1992	Jasand, Inc.	IA	Hawkeye Bancorporation
Nov 16, 1992	The Bank of Massachusetts, Inc. d/b/a/ Century Bank/Suffolk	MA	Century Bank and Trust Company
Nov 16, 1992	Century North Shore Bank and Trust Company	MA	Century Bank and Trust Company
Nov 16, 1992	Valley First National Bank of Beaver Dam	WI	Valley Bank, South Central (National Association)
Nov 16, 1992	Bigelow Sandford Employees Federal Credit Union	SC	Southern Select Community Cu
Nov 16, 1992	Cole Taylor Bank/Yorktown	IL	Cole Taylor Bank
Nov 16, 1992	Community Bank & Trust N.A. of Randolph County	WV	Community Bank and Trust of Randolph County
Nov 14, 1992	Louisville Public Library Credit Union	KY	Transcend Credit Union
Nov 13, 1992	First Fidelity Bank, National Association, North Jersey	NJ	First Fidelity Bank, National Association, New Jersey
Nov 13, 1992	Edmonds National Bank	WA	Frontier Bank
Nov 11, 1992	Dakota First Trust Company	ND	First Trust Company of North Dakota N.A.
Nov 10, 1992	American Bank	MO	(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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