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
Nov 10, 1992	First Granite City Savings and Loan Association	IL	Roosevelt Bank
Nov 10, 1992	Conservative Bank, a Federal Savings Bank	MO	Roosevelt Bank
Nov 10, 1992	American Bank of Platte County	MO	(unnamed)
Nov 3, 1992	Lake Savings and Loan Association	CA	Allied Bank, F.S.B.
Nov 3, 1992	Suffern Postal Employees Federal Credit Union	NY	Heritage Financial Federal Credit Union
Nov 2, 1992	Citicorp Savings and Industrial Bank	CO	The Minnequa Bank of Pueblo
Nov 2, 1992	Affiliated Bankshares of Colorado, Inc.	CO	Banc One Colorado Corporation
Nov 2, 1992	1st Bank of Catoosa	OK	Boatmen's First National Bank of Oklahoma
Nov 2, 1992	Potomac Community Federal Credit Union	MD	Lafayette Federal Credit Union
Nov 2, 1992	Security Bank	OK	Boatmen's First National Bank of Oklahoma
Nov 2, 1992	Choctaw State Bank	OK	Bank One, Oklahoma, National Association
Nov 1, 1992	Easton Postal Empl Fcu	PA	First Class Federal Credit Union
Nov 1, 1992	First Security Bank of Livingston	MT	American Bank
Nov 1, 1992	First Security Bank of Big Timber	MT	American Bank
Nov 1, 1992	De Kalb Community Federal Credit Union	IL	Illinois Community Credit Union
Nov 1, 1992	W a Whitney Employees Credit Union	IL	Membersalliance Credit Union
Nov 1, 1992	South Suburban College Federal Credit Union	IL	Tech Credit Union
Nov 1, 1992	GB Credit Union	MO	Apex Financial Credit Union
Nov 1, 1992	Illinois Media Association Credit Union	IL	Land of Lincoln Credit Union
Nov 1, 1992	Pettaquamscutt Credit Union	RI	Chartway Federal Credit Union
Nov 1, 1992	Triangle Credit Union	WI	Enterprise Credit Union
Nov 1, 1992	All Saints Bridgeport Credit Union	IL	Access Credit Union
Nov 1, 1992	InterWest Bank of Montana	MT	American Bank
Oct 31, 1992	The First National Bank of Konawa	OK	Sooner State Bank
Oct 31, 1992	First Citizens Bancorp of Cherokee County, Inc.	GA	First National Bancorp
Oct 31, 1992	Mission Hills Bank, National Association	KS	Bank IV, National Association
Oct 31, 1992	Citizens Loan and Building Company	OH	American Community Bank, National Association
Oct 31, 1992	Pueblo Boulevard Bank	CO	Colorado National Bank - Pueblo
Oct 31, 1992	Torrington National Company	WY	First Nebraska Bancs, Inc.
Oct 31, 1992	O'Connor Bros. State Bank of Renville	MN	American State Bank of Olivia
Oct 30, 1992	The Farmers and Merchants National Bank of Merkel	TX	Security State Bank
Oct 30, 1992	Integon Employees Credit Union	NC	Truliant Federal Credit Union
Oct 30, 1992	Trailer Credit Union and Associates	MI	Credit Union One
Oct 30, 1992	Crown National Leasing Company	NC	Crown National Bancorporation, Inc.
Oct 30, 1992	PSC Fcu	PA	Ingersoll-Rand Federal Credit Union
Oct 29, 1992	International Payment Systems Inc.	CA	Busa Servicing, LLC
Oct 29, 1992	DPC of Oshkosh, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Portage, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Manitowoc, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Green Bay, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Racine, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Madison, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Appleton, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Eau Claire, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	City National Bank of Carrollton	TX	Compass Bank-Dallas
Oct 29, 1992	DPC of Rice Lake, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Fond Du Lac, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Minocqua, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Sheboygan, Inc.	WI	Firstar Investment Research & Management Company
Oct 29, 1992	DPC of Grantsburg, Inc.	WI	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
Jul 24, 1992	OCC_OTS	Winter Hill Bank, FSB	Orders of Removal/Prohibition: John E. Sarno
Jul 24, 1992	OCC_OTS	Delanco Savings and Loan Association	Supervisory Agreement: Delanco Savings and Loan Association
Jul 24, 1992	OCC	Jefferson National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Jefferson National Bank
Jul 23, 1992	OCC_OTS	The Salida Building and Loan Association	Civil Money Penalty: Robert B. Mitchell
Jul 23, 1992	OCC_OTS	The Salida Building and Loan Association	Civil Money Penalty: Herbert J. Glesener
Jul 23, 1992	OCC_OTS	The Salida Building and Loan Association	Civil Money Penalty: Larry Smith
Jul 23, 1992	OCC_OTS	The Salida Building and Loan Association	Civil Money Penalty: Steve Frazee
Jul 23, 1992	OCC_OTS	Continental Federal Savings Bank	Supervisory Agreement: Continental Federal Savings Bank
Jul 23, 1992	OCC_OTS	Standard Holding Corporation	Supervisory Agreement: Standard Federal Savings Bank
Jul 22, 1992	OCC_OTS	Golden State Federal Savings Bank	Orders of Removal/Prohibition: James L. Franklin
Jul 22, 1992	FRB	Bank of the Brandywine Valley	Cease and Desist Order: Seth F. Gardner
Jul 22, 1992	FRB	Bank of the Brandywine Valley	Prohibition from Banking: Seth F. Gardner
Jul 22, 1992	FRB	Bank of the Brandywine Valley	Prohibition from Banking: Steve H. Bennett
Jul 22, 1992	FRB	Arrow Financial Corporation	Written Agreement: Arrow Financial Corporation, Glens Falls, NY and Arrow Vermont Corporation, Rutland, VT
Jul 22, 1992	OCC_OTS	Brenton Savings Bank of Ames, FSB	Supervisory Agreement: Ames Savings Bank, FSB
Jul 21, 1992	OCC_OTS	Peoples Savings & Loan Association	Orders of Removal/Prohibition: Frank Coco
Jul 21, 1992	OCC_OTS	The Federal Savings Bank of Evangeline Parish	Supervisory Agreement: The Federal Savings Bank of Evangeline Parish
Jul 21, 1992	OCC_OTS	Encino Savings Bank, Federal Savings Bank	Cease and Desist: Gerald S. Rubin
Jul 21, 1992	FRB	Port Bay Associates	Prohibition from Banking: James V. Foster
Jul 21, 1992	OCC_OTS	St Paul Federal Bank for Savings	Civil Money Penalty: Robert C. Nicolls
Jul 20, 1992	FRB	Constellation Bancorp	Written Agreement: Constellation Bancorp, Inc., Elizabeth, NJ
Jul 20, 1992	OCC_OTS	Postal Savings and Loan Association	Civil Money Penalty: George M. Sr. Hersh
Jul 20, 1992	OCC_OTS	Western Empire Federal Savings and Loan Association	Supervisory Agreement: Western Federal Savings and Loan Association
Jul 17, 1992	OCC	CITIC Ka Wah Bank Limited	Formal Agreement: Citic Ka Wah Bank Limited
Jul 17, 1992	OCC_OTS	Dwelling House Savings and Loan Association	Orders of Removal/Prohibition: Sandra M. Mathews
Jul 17, 1992	OCC_OTS	Lincoln Savings and Loan Association, F.A.	Cease and Desist: Robert M. Jr. Wurzelbacher
Jul 16, 1992	OCC_OTS	Charter Federal Savings Association	Orders of Removal/Prohibition: Donna J. Crandley
Jul 16, 1992	OCC	Wood County National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wood County National Bank
Jul 16, 1992	OCC_OTS	Charter Federal Savings Association	Orders of Removal/Prohibition: William Selsberg
Jul 16, 1992	OCC_OTS	Charter Federal Savings Association	Orders of Removal/Prohibition: William F. Malloy Jr.
Jul 15, 1992	FRB	First Eastern Corp.	Written Agreement: First Eastern Corporation, Wilkes-Barre, PA
Jul 15, 1992	OCC	Merchants National Bank	Prohibition/Removal Orders: Jeatran, Stephen J.
Jul 15, 1992	OCC	The First National Bank of Brooksville	Formal Agreement: First National Bank Of Brooksville
Jul 15, 1992	OCC	Powell Valley National Bank	Civil Money Penalty (CMP): Wynn, John C.
Jul 15, 1992	OCC_OTS	Hidalgo Federal Savings & Loan Association	Cease and Desist: Charles Forston
Jul 15, 1992	OCC	Powell Valley National Bank	Prohibition/Removal Orders: Wynn, John C.
Jul 14, 1992	OCC_OTS	Delta Federal Savings Bank	Orders of Removal/Prohibition: Ming Ngoc Dang
Jul 14, 1992	OCC_OTS	Tri-County Federal Savings Bank	Supervisory Agreement: Tri-County Federal Savings Bank,
Jul 14, 1992	OCC_OTS	Delta Federal Savings Bank	Orders of Removal/Prohibition: Yun Suk Seo
Jul 13, 1992	OCC_OTS	Interstate Bank	Supervisory Agreement: Interstate Savings and Loan Association
Jul 13, 1992	OCC	Texas National Bank	Civil Money Penalty (CMP): Knoerzer, John S.
Jul 13, 1992	OCC	First National Bank in Clayton	Formal Agreement: First National Bank In Clayton
Jul 13, 1992	OCC	(individual)	Formal Agreement: The First National Bank Of Blandinsville
Jul 13, 1992	OCC_OTS	Citizens Savings Association	Civil Money Penalty: Douglas G Allen
Jul 10, 1992	OCC	First National Bank of Stamford	Civil Money Penalty (CMP): Reader, Paul H.
Jul 10, 1992	OCC	First National Bank of Stamford	Civil Money Penalty (CMP): Reader, Norman H.
Jul 10, 1992	OCC_OTS	Bay Federal Savings Bank	Orders of Removal/Prohibition: Frank J. Lamb
Jul 10, 1992	OCC	The Farmers National Bank of Ridgeway	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Farmers National Bank Of Ridgeway
Jul 7, 1992	FRB	Kerkhoven Bancshares, Inc.	Cease and Desist Order: Dennis J. Zaun
Jul 7, 1992	OCC	The First National Bank of Logan	Formal Agreement: The First National Bank Of Logan

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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