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 1, 1992	Alden Employees Federal Credit Union	MA	Saint Anthony of New Bedford Federal Credit Union
Sep 1, 1992	Northeastern I E a Federal Credit Union	IL	Tech Credit Union
Sep 1, 1992	Bank of Montana Glasgow	MT	Bank of Montana, National Association
Sep 1, 1992	Bank of Montana Helena	MT	Bank of Montana, National Association
Sep 1, 1992	Bank of Montana Lewistown	MT	Bank of Montana, National Association
Sep 1, 1992	Bank of Dallas	WI	Farmers State Bank
Sep 1, 1992	Bank of Montana Missoula	MT	Bank of Montana, National Association
Sep 1, 1992	Kentucky National Bank of Ohio	OH	The National Bank and Trust Company
Sep 1, 1992	Bank of Montana Chinook	MT	Bank of Montana, National Association
Sep 1, 1992	Triangle Credit Union	NC	Vision Financial Federal Credit Union
Sep 1, 1992	Bank of Montana Shelby	MT	Bank of Montana, National Association
Sep 1, 1992	Vectra Bank of Federal Heights	CO	Vectra Bank of Englewood
Sep 1, 1992	First Bank of Butler	MO	BC National Banks
Sep 1, 1992	First Bank	IL	First Bank
Sep 1, 1992	Bank of Montana Valier	MT	Bank of Montana, National Association
Sep 1, 1992	The Bedford National Bank	IN	Bank One, Bloomington, National Association
Sep 1, 1992	The First State Bank	OK	BancFirst
Sep 1, 1992	(unnamed)	—	Vectra Bank
Sep 1, 1992	First CMNTY Cu of Kingsport	TN	Knoxville TVA Employees Credit Union
Sep 1, 1992	Vectra Bank of Wheat Ridge	CO	Vectra Bank of Englewood
Sep 1, 1992	Saint Ambrose Brunswick Federal Credit Union	OH	Community United Credit Union
Sep 1, 1992	Collis Employees Credit Union	IA	1st Gateway Credit Union
Sep 1, 1992	Ravenswood 400 Credit Union	IL	Archer Heights Credit Union
Sep 1, 1992	Nativity Chapter K of C Fcu	PA	Viriva Community Credit Union
Aug 31, 1992	Imperial Community Federal Credit Union	CA	Sun Community Federal Credit Union
Aug 30, 1992	Public Service Credit Union	TX	Amoco Federal Credit Union
Aug 28, 1992	Chemical Trust Company of Florida, Inc.	FL	Chemical Bank, FSB
Aug 28, 1992	BSD Service Company	CA	BSD Bancorp, Inc.
Aug 26, 1992	Charlesville Inc	IL	Edville Bankcorp, Inc.
Aug 25, 1992	Natcan Employees Federal Credit Union	CA	Financial Partners Credit Union
Aug 22, 1992	First Security National Bank and Trust Company of Lexington	KY	Bank One, Lexington, National Association
Aug 22, 1992	The Citizens National Bank of Danville	KY	Bank One, Lexington, National Association
Aug 22, 1992	First Security Bank & Trust Company of Madison County	KY	Bank One, Lexington, National Association
Aug 22, 1992	First Security Corporation of Kentucky	KY	Banc One Ohio Corporation
Aug 22, 1992	First Security Bank & Trust Company of Clark County	KY	Bank One, Lexington, National Association
Aug 22, 1992	First State Bank of Dalton	MN	Midwest Bank, National Association
Aug 21, 1992	First Security Affiliates, Inc.	KY	First Security Corporation of Kentucky
Aug 21, 1992	Atlantic Cheinco Corporation Employees Fcu	NJ	Edifi Federal Credit Union
Aug 21, 1992	Citizens Fidelity Bank and Trust Company Oldham County	KY	PNC Bank, Kentucky, Inc.
Aug 21, 1992	The Clayton Bank and Trust Company	DE	PNC Bank, Delaware
Aug 20, 1992	BJS, Inc.	IA	Westmont Corporation
Aug 20, 1992	State Bank of Plevna	KS	The Alden State Bank
Aug 20, 1992	Home State Bank	NE	Farmers and Merchants Bank
Aug 18, 1992	Williamsburg Holding Company	NE	Cornerstone Bank Group, Inc.
Aug 18, 1992	Nevada National Co.	NE	Cornerstone Bank Group, Inc.
Aug 17, 1992	City Savings Bank of Meriden	CT	The Dime Savings Bank of Wallingford
Aug 15, 1992	Peoples Bank One	PA	Promistar Bank
Aug 14, 1992	Union National Employees Federal Credit Union	NY	Greater Chautauqua Federal Credit Union
Aug 13, 1992	W-CV Bancorp, Inc.	WI	Fortress Holdings, Inc.
Aug 10, 1992	Coastal Virginia Bank	VA	Xenith Bank

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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