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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
Sep 19, 1992 Burbank National Bank CA American Independent Bank, National Association
Sep 19, 1992 Crater Bank OR Western Bank
Sep 19, 1992 Illini Bank-Elkhart IL Illini Bank - North
Sep 18, 1992 Carpenters' Local 210 Federal Credit Union CT Western Connecticut Federal Credit Union
Sep 18, 1992 First American Savings Bank, FSB OH Charter One Bank, National Association
Sep 18, 1992 North Iowa State Bank IA Liberty Bank and Trust
Sep 17, 1992 Newtown Federal Credit Union CT Western Connecticut Federal Credit Union
Sep 16, 1992 Benbrook State Bank TX Heritage National Bank
Sep 15, 1992 Geibank Industrial Bank CO The Minnequa Bank of Pueblo
Sep 14, 1992 Manufacturers Bank, National Association MI Comerica Bank
Sep 12, 1992 Star Bank, South Central Ohio OH Star Bank, National Association, Tri State
Sep 12, 1992 Jersey Shore Savings and Loan Association NJ Santander Bank, N.A.
Sep 12, 1992 Federated Bank, S.S.B. WI Firstar Bank Milwaukee, National Association
Sep 12, 1992 El Paso State Bank TX Norwest Bank El Paso, National Association
Sep 10, 1992 Kansas National Bank and Trust Company KS Bank IV, National Association
Sep 10, 1992 KNB Bancshares, Inc. KS Fourth Financial Corporation
Sep 10, 1992 American Republic Bancorp CA Republic Bank
Sep 9, 1992 After Six Fcu PA Sun East Federal Credit Union
Sep 8, 1992 City Bancorp of Norman, Inc. OK First Fidelity Bancorp, Inc.
Sep 8, 1992 City National Bank & Trust Company OK First Fidelity Bank
Sep 5, 1992 Sunrise Bank for Savings, F.S.B. KY PNC Bank, Northern Kentucky, National Association
Sep 5, 1992 NCNB Bancorporation, Inc. FL C&S/Sovran Corporation
Sep 5, 1992 Usbancorp, Inc. FL C&S/Sovran Corporation
Sep 5, 1992 First Lima National Bank of Lima, Ohio OH (unnamed)
Sep 4, 1992 Coca-Cola Employees Credit Union UT Mountain America Federal Credit Union
Sep 4, 1992 Security Pacific Bank Washington, N.A. WA Bank of America NW, National Association
Sep 4, 1992 First Peoples Financial Corporation NJ Corestates Financial Corp
Sep 4, 1992 (unnamed) — NationsBank of Florida, National Association
Sep 4, 1992 Nationsbank Trust Company Florida, N.A. FL NationsBank of Florida, National Association
Sep 2, 1992 Southtrust of Northwest Florida, Inc. FL Southtrust of Florida, Incorporated
Sep 2, 1992 Petrolite Employees Credit Union MO Arsenal Credit Union
Sep 1, 1992 Vectra Bank of Lakewood CO Vectra Bank
Sep 1, 1992 First Gibraltar Bank, a Federal Savings Bank Plano TX California Federal Bank
Sep 1, 1992 Jefferson Bancorp, Inc. IL Banc One Illinois Corporation
Sep 1, 1992 Savannah Electric and Power Employees Credit Union GA Powerco Federal Credit Union
Sep 1, 1992 Bancard Corporation of Montana MT Bank of Montana, National Association
Sep 1, 1992 Ameriwest Bancor, Inc. AZ Bank of Scottsdale
Sep 1, 1992 Bank of Montana Anaconda MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Village MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Big Sandy MT Bank of Montana, National Association
Sep 1, 1992 Southeastern Indiana Federal Credit Union IN Cinco Family Financial Center Credit Union
Sep 1, 1992 Vectra Bank of Denver CO Vectra Bank
Sep 1, 1992 Saint Joseph Mantua Federal Credit Union OH Saints Margaret & Gregory Federal Credit Union
Sep 1, 1992 Nescor Federal Credit Union OH S T O F F E Federal Credit Union
Sep 1, 1992 Heartland Ca Federal Credit Union CA Arrowhead Federal Credit Union
Sep 1, 1992 Bank of Montana Eastside MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Havre MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Conrad MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Rudyard MT Bank of Montana, National Association
Sep 1, 1992 Bank of Montana Chester MT Bank of Montana, National Association

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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