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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
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
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
Dec 31, 1992 OCC_OTS Peoples Federal Savings Bank Supervisory Agreement: Peoples Federal Savings Bank
Dec 31, 1992 OCC Leadership Bank, National Association Prohibition/Removal Orders: Tower, Gregory V.
Dec 31, 1992 OCC_OTS Colonial Federal Savings Bank Cease and Desist: Colonial Federal Savings Bank
Dec 30, 1992 OCC Gateway National Bank Prohibition/Removal Orders: Briggs, Michael
Dec 30, 1992 OCC_OTS Homestead Savings Association Cease and Desist: John C. Jr. Culpepper
Dec 29, 1992 OCC_OTS (individual) Orders of Removal/Prohibition: Glenn A. Bruce
Dec 29, 1992 OCC_OTS First Texas Savings Association Cease and Desist: Livingston J. Kosberg
Dec 29, 1992 OCC_OTS First Texas Savings Association Cease and Desist: James D. McNicholas
Dec 29, 1992 OCC_OTS First Texas Savings Association Cease and Desist: Clarence Mayer
Dec 29, 1992 OCC_OTS First Texas Savings Association Cease and Desist: Alan R. Ruby
Dec 29, 1992 FRB Daingerfield Bancshares, Inc. Written Agreement: Daingerfield Bancshares, Inc., Daingerfield, TX
Dec 29, 1992 OCC_OTS First Texas Savings Association Cease and Desist: Michael E. Lallinger
Dec 29, 1992 OCC_OTS First Texas Savings Association Cease and Desist: Michael J. Cornwall
Dec 29, 1992 OCC_OTS First Texas Savings Association Cease and Desist: Richard C. Strauss
Dec 29, 1992 OCC_OTS First Texas Savings Association Cease and Desist: William M. Siegel
Dec 29, 1992 OCC_OTS First Texas Savings Association Cease and Desist: Louie Welch
Dec 29, 1992 OCC_OTS First Texas Savings Association Cease and Desist: Mark J. Brookner
Dec 28, 1992 FRB Farmers and Merchants Bank of Long Beach Civil Money Penalty $100,000: Farmers and Merchants Bank of Long Beach, Long Beach, CA
Dec 28, 1992 OCC_OTS International Savings and Loan Association LTD Supervisory Agreement: Lionel Y Tokioka
Dec 28, 1992 FRB The Blackshear Bank Cease and Desist Order: Blackshear Bank, Blackshear, GA
Dec 22, 1992 OCC Cherry Creek National Bank Civil Money Penalty (CMP): Hettermann, Donald P.
Dec 22, 1992 OCC_OTS Nebraska Federal Savings and Loan Association Supervisory Agreement: Home Federal Savings and Loan Association of Nebraska
Dec 22, 1992 OCC_OTS First Dewitt Savings and Loan Association Cease and Desist: First Dewitt Savings and Loan Association
Dec 22, 1992 OCC First Pacific National Bank Formal Agreement: First Pacific National Bank
Dec 22, 1992 OCC Cherry Creek National Bank Civil Money Penalty (CMP): Rose, Byron A.
Dec 22, 1992 OCC Cherry Creek National Bank Civil Money Penalty (CMP): Powers, Paul W.
Dec 22, 1992 OCC Cherry Creek National Bank Civil Money Penalty (CMP): Perry, Peyton F.
Dec 22, 1992 OCC Cherry Creek National Bank Civil Money Penalty (CMP): Johnson, R. Edgar
Dec 22, 1992 OCC Cherry Creek National Bank Civil Money Penalty (CMP): Hobbs, Branson
Dec 22, 1992 OCC Cherry Creek National Bank Civil Money Penalty (CMP): Hause, Jerome M.
Dec 22, 1992 OCC Cherry Creek National Bank Civil Money Penalty (CMP): Chester, E.B.
Dec 21, 1992 OCC Steel Valley Bank, N.A. Civil Money Penalty (CMP): Thompson, Paul
Dec 21, 1992 OCC Steel Valley Bank, N.A. Civil Money Penalty (CMP): Jelinek, Gerald
Dec 21, 1992 OCC Steel Valley Bank, N.A. Civil Money Penalty (CMP): Boothe, Laurence I.
Dec 18, 1992 OCC_OTS Bankers Federal Savings FSB Supervisory Agreement: Bankers Federal Savings, FSB
Dec 18, 1992 OCC_OTS First Federal Savings and Loan Association Orders of Removal/Prohibition: Ray Castellini
Dec 17, 1992 OCC Beacon Business Bank, N.A. Formal Agreement: Trans Pacific National Bank
Dec 17, 1992 OCC_OTS Progress Financial Corporation Cease and Desist: Virgil P. Moir, III
Dec 17, 1992 OCC_OTS Progress Financial Corporation Cease and Desist: Arthur L. Schiel
Dec 17, 1992 OCC First Union National Bank of Georgia Formal Agreement: First National Bank Of Union County
Dec 16, 1992 FRB Bcci Holdings (Luxembourg) S.A. Prohibition from Banking: Kamal Adham
Dec 16, 1992 FRB Bcci Holdings (Luxembourg) S.A. Cease and Desist Order: Kamal Adham
Dec 16, 1992 OCC Mid City Bank, N.A. Formal Agreement: Mid City Bank, National Association
Dec 16, 1992 OCC The First National Bank of Marquette Civil Money Penalty (CMP): Ferguson, John D.
Dec 16, 1992 OCC Fidelity National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Fidelity National Bank
Dec 16, 1992 OCC_OTS Century Savings and Loan Association Supervisory Agreement: Century Savings and Loan Association
Dec 16, 1992 OCC_OTS Leesburg Federal Savings and Loan Association Orders of Removal/Prohibition: Thomas L. Henson
Dec 16, 1992 OCC_OTS First Federal Savings and Loan Association of Alabama Supervisory Agreement: First Federal Savings and Loan Association
Dec 16, 1992 FRB Bcci Holdings (Luxembourg) S.A. Civil Money Penalty $10,000,000: Kamal Adham
Dec 14, 1992 FRB Vic Sather & Associates, Inc. Civil Money Penalty $15,000: Paul C. Hufnagle

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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