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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
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
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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