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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
Dec 18, 1992 The Rushville National Bank Rushville, IN $41.6M Peoples Trust Co
Dec 18, 1992 The Bremen State Bank Bremen, KS $2.7M —
Dec 11, 1992 Meritor Savings Bank Philadelphia, PA $4.13B Mellon Bank National Ass
Dec 11, 1992 Eastland Savings Bank Woonsocket, RI $515.3M Fleet National Bank
Dec 11, 1992 Eastland Bank Woonsocket, RI $85.4M Fleet National Bank
Dec 11, 1992 Sailors & Merchants B&T Co. Vienna, VA $34.8M First Union Bank of Virg
Dec 8, 1992 Palm Beach FSA Palm Beach Garden, FL $59.4M Southbank, a FSB
Dec 4, 1992 Carteret FSB Madison, NJ $4.83B Branch sale
Dec 4, 1992 Second National, FSB Salisbury, MD $1.57B Branch sale
Dec 4, 1992 Heritage Bank for Savings Holyoke, MA $1.29B Fleet Bank of Ma N.A.
Dec 4, 1992 Security Federal Vineland, NJ $1.19B Meridian Bank, NJ
Dec 4, 1992 Burritt Interfinancial Bancorporation New Britain, CT $523.9M Derby Savings Bank
Dec 4, 1992 Huntington Pacific Thrift & Loan Huntington, CA $40.5M —
Nov 20, 1992 The Merchants Bank Kansas City, MO $1.45B Boatmen's First NB of KC
Nov 20, 1992 Polifly FS & La New Milford, NJ $458.0M Branch sale
Nov 20, 1992 Irving FB for Savings Chicago, IL $247.0M Branch sale
Nov 20, 1992 Crestline FS & La Crestline, OH $27.5M Premier B&T
Nov 13, 1992 First New York Bank for Business New York, NY $530.7M Merchants Bank of New Yo
Nov 13, 1992 Metro North State Bank Kansas City, MO $472.5M Boatmen's First NB of KC
Nov 13, 1992 Guaranty-First Trust Company Waltham, MA $353.2M Fleet Bank of Ma N.A.
Nov 13, 1992 The Overland Park FS & La Overland Park, KS $213.4M Conservative SB, FSB
Nov 13, 1992 Investors Bank and Trust Company Gretna, LA $51.6M Delta Bank&trust Co
Nov 13, 1992 Statewide Thrift and Loan Co. Redwood City, CA $9.6M Fireside Thrift Co
Nov 6, 1992 First FSB of Georgia, F.A. Winder, GA $108.2M Branch sale
Nov 6, 1992 Greenwood Bank of Bethel, Inc. Bethel, CT $33.3M Union SB of Danbury
Oct 30, 1992 First City, Texas - Houston, N.A. Houston, TX $2.80B Texas Commerce Bancshares
Oct 30, 1992 First City, Texas - Dallas, N.A. Dallas, TX $1.36B Texas Commerce Bancshares
Oct 30, 1992 Homestead FSA San Francisco, CA $1.31B Branch sale
Oct 30, 1992 First City, Texas - Beaumont, N.A. Beaumont, TX $532.2M Texas Commerce Bancshares
Oct 30, 1992 First City, Texas - Corpus Chris Corpus Christi, TX $462.8M Mercantile Bank, N.A.
Oct 30, 1992 First City, Texas - El Paso, N.A. El Paso, TX $395.9M Sunwest Bank of El Paso
Oct 30, 1992 First City, Texas - Austin, N.A. Austin, TX $345.5M The Frost National Bank
Oct 30, 1992 First City, Texas - Bryan, N.A. Bryan, TX $340.2M Victoria Bank and Trust
Oct 30, 1992 First City, Texas - Midland, N.A. Midland, TX $313.1M Texas Commerce Bancshares
Oct 30, 1992 First City, Texas - San Antonio San Antonio, TX $265.7M The Frost National Bank
Oct 30, 1992 First City, Texas - Tyler, N.A. Tyler, TX $259.2M First Commercial Corporatio
Oct 30, 1992 First City, Texas - Lufkin, N.A. Lufkin, TX $156.6M First Commercial Corporatio
Oct 30, 1992 First City, Texas - San Angelo, San Angelo, TX $142.8M First National Bank of West
Oct 30, 1992 First City, Texas - Orange, N.A. Orange, TX $132.0M First Heights Bank, FSB
Oct 30, 1992 First City, Texas - Alice, N.A. Alice, TX $128.0M Alice Bank of Texas
Oct 30, 1992 First City, Texas - Madisonville Madisonville, TX $123.4M Madisonville State Bank
Oct 30, 1992 First City, Texas - Lake Jackson Lake Jackson, TX $104.3M First Heights Bank, FSB
Oct 30, 1992 First City, Texas - Graham, N.A. Graham, TX $95.4M First National Bank of Olne
Oct 30, 1992 First City, Texas - Sour Lake Sour Lake, TX $53.5M Citizens Bank
Oct 30, 1992 First City, Texas - Aransas Pass Aransas Pass, TX $51.7M Corpus Christi National Ban
Oct 30, 1992 First City, Texas - Kountze, N.A. Kountze, TX $51.3M Citizens Bank
Oct 21, 1992 Standard FSB Gaithersburg, MD $1.72B Branch sale
Oct 16, 1992 Security FS & La Jackson, MS $276.5M Branch sale
Oct 16, 1992 Universal Bank Lanham, MD $18.0M —
Oct 9, 1992 Peidmont FSA Manassas, VA $444.6M Crestar Bank

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
Oct 1, 1992 Bank of Mill Creek WV Mountain Valley Bank, N.A.
Oct 1, 1992 Gte Arkansas Employees Credit Union AR Qualtrust Credit Union
Oct 1, 1992 Butler Area Credit Union PA Usx Federal Credit Union
Oct 1, 1992 M&I Tri-County Bank WI M&I Central Bank & Trust
Oct 1, 1992 Contoocock Valley Federal Credit Union NH Granite State Credit Union
Oct 1, 1992 Papermakers Credit Union MI Kalsee Credit Union
Oct 1, 1992 RT & E Federal Credit Union TX Texas Plains Federal Credit Union
Oct 1, 1992 Conna Employees Credit Union KY L&N Federal Credit Union
Oct 1, 1992 Tcta Federal Credit Union MD Educational Systems Federal Credit Union
Oct 1, 1992 M B F Employees Credit Union IA Greenstate Credit Union
Oct 1, 1992 Holy Cross Federal Credit Union KY Northern Kentucky Federal Credit Union
Oct 1, 1992 Saint Francis Desales Akron Federal Credit Union OH B F G Federal Credit Union
Oct 1, 1992 Fleet Bank of New York, National Association NY Fleet Bank
Oct 1, 1992 Independent Credit Association Federal Credit Union SC CPM Federal Credit Union
Oct 1, 1992 Ameritrust Southeast National Association FL Key Trust Company of Florida, N.A.
Oct 1, 1992 First Federal Savings and Loan Association of Platteville WI Clare Bank, N.A.
Oct 1, 1992 Interbanc FL Intercontinental Bank, National Association
Oct 1, 1992 Associated Greyhound Employees Federal Credit Union VA Peoples Advantage Federal Credit Union
Oct 1, 1992 Santa Fe Wichita Credit Union KS Wheat State Credit Union
Oct 1, 1992 Anderson Industries Federal Credit Union TX OmniAmerican Bank
Oct 1, 1992 Durfee Attleboro Bank MA South Shore Bank
Oct 1, 1992 Livingston Federal Credit Union CA California Bear Credit Union
Oct 1, 1992 The Falmouth National Bank MA South Shore Bank
Oct 1, 1992 Westinghouse Blairsville Federal Credit Union PA Kennametal Employees Federal Credit Union
Oct 1, 1992 SMW Federal Credit Union DE Delaware First Federal Credit Union
Oct 1, 1992 Wheatbelt Credit Union KS Golden Plains Credit Union
Oct 1, 1992 Inter-County Savings Bank NY Mid-Hudson Savings Bank FSB
Oct 1, 1992 Charlottesville City Employees Federal Credit Union VA University of Virginia Community Credit Union, Inc.
Oct 1, 1992 Lennox Federal Credit Union TX Lennox Employees Credit Union
Oct 1, 1992 B V D Fcu LA Formation Federal Credit Union
Oct 1, 1992 Security Bank of Commerce MI First of America Bank-Southeast Michigan, National Association
Oct 1, 1992 (unnamed) — North Fork Bank
Sep 30, 1992 Security Financial Banking & Savings Federal Savings Bank MN First Bank, Federal Savings Bank
Sep 30, 1992 First National Bank of Gun Barrel City TX The First National Bank of Athens
Sep 30, 1992 WCMH Federal Credit Union PA Valor Federal Credit Union
Sep 30, 1992 North Texas Central Credit Union TX First Class American Credit Union
Sep 30, 1992 Cottage Savings Association, F.A. OH First Financial Savings Association, F.A.
Sep 30, 1992 First Apache Bancshares, Inc. OK First Bank of Apache
Sep 28, 1992 Ameritrust Development Bank OH KeyBank N.A.
Sep 26, 1992 The Provident Institution for Savings in the Town of Boston MA Fleet National Bank of Massachusetts
Sep 26, 1992 Hub National Bank NJ Hudson United Bank
Sep 26, 1992 Southern Bancshares, Inc. AR Security Bancshares, Inc.
Sep 25, 1992 Landmark Savings Association PA National City Bank of Pennsylvania
Sep 25, 1992 Summit Hill Trust Company PA The Citizens National Bank
Sep 22, 1992 Grasselli New Jersey Employee Federal Credit Union NJ Mid-State Federal Credit Union
Sep 21, 1992 The First National Bank of Deport TX Guaranty Bank & Trust, N.A.
Sep 21, 1992 (unnamed) — Wauneta Falls Bank, National Association
Sep 19, 1992 Standard Bank and Trust Company of Hickory Hills IL Standard Bank and Trust Company
Sep 19, 1992 First Peoples Bank of New Jersey NJ New Jersey National Bank
Sep 19, 1992 Lawrence National Bank and Trust Co. KS (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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