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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
Feb 28, 1992 Irvington FSB Glen Burnie, MD $43.8M Arundel FSB
Feb 28, 1992 Colony Savings Bank Wallingford, CT $35.7M New Haven Savings Bank
Feb 28, 1992 Alpha Indian Rock FS & La Philadelphia, PA $7.2M Roxborough-Manayunk
Feb 27, 1992 Columbia Bank Avondale, AZ $17.0M Valley NB of Arizona
Feb 21, 1992 Dollar DRY Dock Bank White Plains, NY $4.03B Emigrant Savings Bank
Feb 21, 1992 The Bank of Brandywine Valley West Chester, PA $44.9M Wilmington Trust Co
Feb 21, 1992 National City Bank Coral Springs, FL $19.0M Intercontinental Bank
Feb 14, 1992 The Central Savings Bank Lowell, MA $369.1M Massbank for Savings
Feb 7, 1992 United Savings of America, F.A. Melbourne, FL $327.2M Barnett Bank of Central FL
Feb 7, 1992 Merchants National Bank Fort Myers, FL $35.1M Founders National Trust
Feb 7, 1992 Kempton State Bank Kempton, IL $3.6M Vermilion Valley Bank
Feb 6, 1992 Landmark Bank of Forth Worth Fort Worth, TX $80.5M Central Bank&trust
Jan 31, 1992 Pelican Homestead Sa Metairie, LA $1.28B First Commerce Corp.
Jan 31, 1992 Security FSA Panama City, FL $107.1M Branch sale
Jan 31, 1992 Sentinel Bank Hartford, CT $74.8M Society for Savings
Jan 31, 1992 Fountain Bank Scottsdale, AZ $15.6M Bank of Arizona
Jan 30, 1992 Independence Bank Los Angeles, CA $535.8M —
Jan 30, 1992 Atlantic Trust Company Newington, NH $21.2M Fleet Bank-NH
Jan 24, 1992 Crossland Savings Bank, FSB Brooklyn, NY $7.43B Public stock sale
Jan 24, 1992 Banco Nacional, N.A. San Juan, PR $52.1M Eurobank&trust Co
Jan 24, 1992 Advanced FSB Northridge, CA $23.1M Deposit payout
Jan 24, 1992 American National Bank of New York Fleischmanns, NY $18.0M —
Jan 23, 1992 First State Bank Bangs, TX $16.5M Texas Bank
Jan 16, 1992 The Bank of Verde Valley Cottonwood, AZ $10.3M Stockmens Bank
Jan 10, 1992 Perpetual Savings Bank Vienna, VA $2.89B Crestar Bank
Jan 10, 1992 Hansen FSA Hammonton, NJ $572.4M Collective FSB
Jan 10, 1992 The Citizens Bank Dallas, GA $60.6M First NB of Paulding Cou
Jan 10, 1992 Hansen FSB Palm Beach Garden, FL $51.8M Fidelity FSB of FL
Jan 3, 1992 Assured Thrift and Loan Association Stockton, CA $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 St Acquirer
Jul 23, 1992 Paradise Finance, Incorporated HI Finance Factors, Limited
Jul 20, 1992 Peoples Federal Savings Bank of Thomasville NC Truist Bank
Jul 18, 1992 TN Pride Empl Cu TN Old Hickory Credit Union
Jul 18, 1992 (unnamed) — Boatmen's Bank of Southern Missouri
Jul 18, 1992 Boatmen's National Bank of Cassville MO Boatmen's Bank of Southern Missouri
Jul 18, 1992 First Chicago Bank of Ravenswood IL Bank One, National Association
Jul 17, 1992 Cornat, Incorporated KY Whitaker Bank Corporation of Kentucky
Jul 17, 1992 Stockham Fcu AL Secure First Credit Union
Jul 17, 1992 American Bank of Franklin County MO Mercantile Bank of Central Missouri
Jul 17, 1992 First of America Bank - Plymouth, National Association MI First of America Bank-Ann Arbor
Jul 16, 1992 Piedmont State Bank NC Bankers Trust of North Carolina
Jul 16, 1992 Bank of Oklahoma, National Association, South OK BOKF, N.A.
Jul 15, 1992 PHP Credit Association Credit Union GA Atlantic Coast Bank
Jul 13, 1992 First FS&LA of Gi TN First American Federal Savings and Loan Association
Jul 13, 1992 AmeriTrust Company National Association OH KeyBank N.A.
Jul 11, 1992 First Trust Company of York NE Cornerstone Bank
Jul 11, 1992 Northern Federal Savings Bank IL Deerfield Federal Savings and Loan Association
Jul 10, 1992 Affiliated National Bank - Craig CO Bank One, Western Colorado, National Association
Jul 10, 1992 Affiliated National Bank - Delta CO Bank One, Western Colorado, National Association
Jul 10, 1992 Affiliated National Bank - Center CO Bank One, Western Colorado, National Association
Jul 10, 1992 Affiliated National Bank - Fort Collins CO Bank One, Fort Collins/Loveland, National Association
Jul 10, 1992 Affiliated National Bank - Montrose CO Bank One, Western Colorado, National Association
Jul 10, 1992 Affiliated National Bank - Fruita CO Bank One, Western Colorado, National Association
Jul 2, 1992 Colonial Bank and Trust Co. of Bureau County IL Citizens First National Bank
Jul 2, 1992 Gao Employees Federal Credit Union DC United States Senate Federal Credit Union
Jul 1, 1992 First Gibraltar Bank, a Federal Savings Bank San Antonio TX California Federal Bank
Jul 1, 1992 Rock Tenn County Employees Credit Union GA Associated Credit Union
Jul 1, 1992 Illinois Valley Bancshares, Inc. IL Princeton National Bancorp, Inc.
Jul 1, 1992 Southeastern Bancshares, Inc. TN Southeastern Bancshares, Inc.
Jul 1, 1992 Arkansas Union Bankshares, Inc. AR Union Bancshares of Benton, Inc.
Jul 1, 1992 First Petersburg Bancshares, Inc. IL First of America Bank Corporation
Jul 1, 1992 First Hanover Bancorp, Inc. IL Prairie Acquisition Corporation
Jul 1, 1992 Summcorp IN NBD Indiana, Inc.
Jul 1, 1992 Quad County Bancshares, Inc. MO Missouri Quad Bancshares, Inc.
Jul 1, 1992 Aquinas College Credit Union MI Lake Michigan Credit Union
Jul 1, 1992 Decatur Saint Marys Credit Union IL Citizens Equity First Credit Union
Jul 1, 1992 American Bancorp of Ponca City, Inc. OK HNB Corporation
Jul 1, 1992 WNCC Methodist Credit Union NC Summit Credit Union
Jul 1, 1992 Muskegon Piston Ring Employees Credit Union MI Port City Federal Credit Union
Jul 1, 1992 Five Thirty Nine Federal Credit Union CO West Denver Community Credit Union
Jul 1, 1992 Endicott Trust Company NY Manufacturers and Traders Trust Company
Jul 1, 1992 Fidelity Mutual Savings & Loan Association NJ First Home Savings Bank, FSB
Jul 1, 1992 Central Trust Company NY Manufacturers and Traders Trust Company
Jul 1, 1992 Grand Federal Credit Union VA Kemba Roanoke Federal Credit Union
Jul 1, 1992 Guilford County Employees Credit Union NC Summit Credit Union
Jul 1, 1992 Duckworth Employees Federal Credit Union MA Agawam Federal Credit Union
Jul 1, 1992 The First National Bank of Petersburg IL First of America Bank - Springfield, National Association
Jul 1, 1992 Associates National Bank CA Associates National Bank (Delaware)
Jul 1, 1992 Bankers First Savings Bank, F.S.B. GA Bankers First Savings Bank, FSB
Jul 1, 1992 Fairview Federal Savings and Loan Association MD The Columbia 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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