179 failures · $89.6 billion in assets
Bank failures in 1992
179 insured banks failed in 1992, down from 268 in 1991. Together they reported $89.6 billion in assets, and the FDIC's estimated loss on them is $7.0 billion. The largest was HomeFed Bank, Federal Savings Bank of San Diego, California, at $12.2 billion. The costliest for the insurance fund was CrossLand Savings, FSB, at an estimated $753 million. Texas led with 29 failures, ahead of California with 18. The FDIC also recorded two assistance transactions that year, kept open rather than closed, and listed separately below.
Week by week
- $1 billion or more
- $100 million to $1 billion
- under $100 million
Where they failed
Failures by state in 1992: Texas 29, California 18, Massachusetts 17, Connecticut 11, New Jersey 10, Virginia 9, Florida 9, New York 8, Missouri 8, Pennsylvania 6, Illinois 5, Maryland 5 and others.
Explore
Filter and sort the 1992 failures by state, size or loss. Other years: 1991 · 1993.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| January 3, 1992 | Assured Thrift and Loan Association | Stockton, CA | $48.2 million | $21.0 million |
| January 10, 1992 | Perpetual Savings Bank, FSB | Vienna, VA | $2.9 billion | $454 million |
| January 10, 1992 | Hansen Savings Bank, SLA | Hammonton, NJ | $572 million | $42.4 million |
| January 10, 1992 | The Citizens Bank | Dallas, GA | $60.6 million | $12.7 million |
| January 10, 1992 | Hansen Savings Bank | Palm Beach Garden, FL | $51.8 million | $10.9 million |
| January 16, 1992 | The Bank of Verde Valley | Cottonwood, AZ | $10.3 million | $1.4 million |
| January 23, 1992 | First State Bank | Bangs, TX | $16.5 million | $3.0 million |
| January 24, 1992 | CrossLand Savings, FSB | Brooklyn, NY | $7.4 billion | $753 million |
| January 24, 1992 | Banco Nacional, National Association | San Juan, PR | $52.1 million | $8.0 million |
| January 24, 1992 | Advanced Savings Bank, F.S.B. | Northridge, CA | $23.1 million | $19.3 million |
| January 24, 1992 | American National Bank of New York | Fleischmanns, NY | $18.0 million | $3.6 million |
| January 30, 1992 | Independence Bank | Los Angeles, CA | $536 million | $137 million |
| January 30, 1992 | Atlantic Trust Company | Newington, NH | $21.2 million | $5.8 million |
| January 31, 1992 | Pelican Homestead and Savings Association | Metairie, LA | $1.3 billion | $288 million |
| January 31, 1992 | Security Federal Savings Bank of Florida | Panama City, FL | $107 million | $16.0 million |
| January 31, 1992 | Sentinel Bank | Hartford, CT | $74.8 million | $27.5 million |
| January 31, 1992 | Fountain Bank | Scottsdale, AZ | $15.6 million | $4.7 million |
| February 6, 1992 | Landmark Bank of Fort Worth | Fort Worth, TX | $80.5 million | $17.5 million |
| February 7, 1992 | United Savings of America, FA | Melbourne, FL | $327 million | $15.4 million |
| February 7, 1992 | Merchant National Bank | Fort Myers, FL | $35.1 million | $5.2 million |
| February 7, 1992 | Kempton State Bank | Kempton, IL | $3.6 million | $564 thousand |
| February 14, 1992 | The Central Savings Bank | Lowell, MA | $369 million | $26.7 million |
| February 21, 1992 | Dollar Dry Dock Bank | White Plains, NY | $4.0 billion | $309 million |
| February 21, 1992 | The Bank of The Brandywine Valley | West Chester, PA | $44.9 million | $12.1 million |
| February 21, 1992 | National City Bank | Coral Springs, FL | $19.0 million | $2.6 million |
| February 27, 1992 | Columbia Bank | Avondale, AZ | $17.0 million | $3.7 million |
| February 28, 1992 | Lemont Savings Association | Lemont, IL | $194 million | $53.0 million |
| February 28, 1992 | Mission Viejo National Bank | Mission Viejo, CA | $115 million | $31.4 million |
| February 28, 1992 | Vista Federal Savings Bank | Reston, VA | $113 million | $36.9 million |
| February 28, 1992 | Irvington Federal Savings and Loan Association | Glen Burnie, MD | $43.8 million | $5.1 million |
| February 28, 1992 | Colony Savings Bank | Wallingford, CT | $35.7 million | $5.7 million |
| February 28, 1992 | Alpha Indian Rock Savings and Loan Association | Philadelphia, PA | $7.2 million | $2.8 million |
| March 6, 1992 | New Heritage Bank | Lawrence, MA | $99.8 million | $19.3 million |
| March 12, 1992 | Ukrainian Savings and Loan Association | Philadelphia, PA | $74.9 million | $8.9 million |
| March 12, 1992 | Progressive National Bank of Rayne | Rayne, LA | $11.4 million | $1.7 million |
| March 13, 1992 | Broadway Bank & Trust Company | Paterson, NJ | $401 million | $76.2 million |
| March 13, 1992 | 1ST Ohio Savings Bank, FSB | St. Bernard, OH | $40.8 million | none |
| March 13, 1992 | Carrollton Homestead Association | New Orleans, LA | $35.9 million | $2.2 million |
| March 16, 1992 | First Security Bank of Anaconda | Anaconda, MT | $31.6 million | $6.0 million |
| March 19, 1992 | Independence Bank | Plano, TX | $21.8 million | $2.8 million |
| March 19, 1992 | Southside National Bank | Nacogdoches, TX | $12.0 million | $3.3 million |
| March 19, 1992 | Farmers & Merchants Bank | Tryon, OK | $4.3 million | $940 thousand |
| March 20, 1992 | The Bank for Savings | Malden, MA | $398 million | $21.7 million |
| March 20, 1992 | United Mercantile Bank and Trust Company. National Association | Pasadena, CA | $36.5 million | $12.4 million |
| March 26, 1992 | Theodore Roosevelt National Bank | Washington, DC | $13.8 million | $3.4 million |
| March 26, 1992 | American Bank of Commerce | Oklahoma City, OK | $13.5 million | $2.3 million |
| March 27, 1992 | Flagler Federal Savings and Loan Association | Miami, FL | $1.6 billion | $102 million |
| March 27, 1992 | Vanguard Savings Bank | Holyoke, MA | $428 million | $120 million |
| March 27, 1992 | Placer Bank of Commerce | Roseville, CA | $34.8 million | $5.3 million |
| March 31, 1992 | First Community Bank of Cherokee | Woodstock, GA | $35.6 million | $6.9 million |
| April 3, 1992 | First State Savings Association | Sedalia, MO | $166 million | $2 thousand |
| April 3, 1992 | The Bank of Beverly Hills | Beverly Hills, CA | $126 million | $25.0 million |
| April 3, 1992 | Summit National Bank | Torrington, CT | $91.4 million | $22.8 million |
| April 3, 1992 | Commonwealth Savings Bank of Virginia, FSB | Manassas, VA | $72.5 million | $16.4 million |
| April 9, 1992 | Fairfield County Trust Company | Stamford, CT | $132 million | $19.2 million |
| April 9, 1992 | Red Bird Bank of Dallas | Dallas, TX | $38.6 million | $10.5 million |
| April 10, 1992 | Valley Federal Savings and Loan Association | Van Nuys, CA | $2.0 billion | $124 million |
| April 10, 1992 | Security First Federal Savings and Loan Association | Daytona Beach, FL | $1.0 billion | $24.1 million |
| April 10, 1992 | Federal Savings Bank of Virginia | Falls Church, VA | $31.5 million | $14.5 million |
| April 24, 1992 | Southstate Bank for Savings | Brockton, MA | $286 million | $10.5 million |
| April 24, 1992 | Shore Bank and Trust Company | Lynn, MA | $183 million | $70.6 million |
| April 24, 1992 | First Federal Savings Bank of South Dakota | Rapid City, SD | $156 million | $24.1 million |
| April 24, 1992 | The Norwalk Bank | Norwalk, CT | $80.6 million | $17.4 million |
| April 24, 1992 | First South Savings Bank | Columbia, SC | $57.0 million | $7.5 million |
| April 24, 1992 | Valley Commercial Bank | Stockton, CA | $30.8 million | $4.8 million |
| May 1, 1992 | Metropolitan Bank, National Association | Washington, DC | $27.1 million | $2.2 million |
| May 4, 1992 | The Financial Center Bank, National Association | San Francisco, CA | $225 million | $25.6 million |
| May 7, 1992 | Jackson Exchange Bank and Trust Company | Jackson, MO | $123 million | $16.4 million |
| May 7, 1992 | First Exchange Bank of Cape Girardeau | Cape Girardeau, MO | $84.4 million | $9.7 million |
| May 7, 1992 | First Exchange Bank of St. Louis | St. Louis, MO | $55.6 million | $7.1 million |
| May 7, 1992 | First Exchange Bank of North St. Louis County | Florissant, MO | $45.9 million | none |
| May 7, 1992 | First Exchange Bank of Madison County | Fredericktown, MO | $34.8 million | $1.6 million |
| May 8, 1992 | Shenandoah Federal Savings Bank | Martinsburg, WV | $94.2 million | $5.1 million |
| May 8, 1992 | Brookfield Bank | Brookfield, CT | $60.7 million | $41.7 million |
| May 15, 1992 | Malden Trust Company | Malden, MA | $225 million | $39.4 million |
| May 21, 1992 | First Federal Savings Bank | Lewiston, ME | $83.0 million | $11.8 million |
| May 22, 1992 | Powder Mill Bank | Morris Plains, NJ | $49.6 million | $6.9 million |
| May 29, 1992 | Workingmens Co-operative Bank | Boston, MA | $224 million | $12.9 million |
| May 29, 1992 | North American Thrift and Loan | Corona Del Mar, CA | $21.3 million | $4.5 million |
| June 4, 1992 | Home Unity Savings and Loan Association | Lafayette Hill, PA | $685 million | $18.5 million |
| June 4, 1992 | Mayfair Bank | Chicago, IL | $32.2 million | $1.2 million |
| June 4, 1992 | The Home State Bank, Longton, Kansas | Longton, KS | $4.2 million | $730 thousand |
| June 5, 1992 | First American Savings Bank, F.S.B. | Greensboro, NC | $804 million | $35.4 million |
| June 5, 1992 | Republic Savings Bank, FSB | Matteson, IL | $290 million | none |
| June 5, 1992 | Cooper River Federal Savings Bank | North Charleston, SC | $229 million | $10.7 million |
| June 5, 1992 | Volunteer Savings Bank SLA | Little Ferry, NJ | $51.2 million | $5.2 million |
| June 12, 1992 | American Savings Bank | White Plains, NY | $3.2 billion | $431 million |
| June 12, 1992 | Columbia Banking Federal Savings and Loan Association | Rochester, NY | $1.3 billion | $40.6 million |
| June 12, 1992 | Riverhead Savings Bank | Riverhead, NY | $389 million | none |
| June 12, 1992 | San Clemente Savings Bank, F.S.B. | San Clemente, CA | $220 million | $32.8 million |
| June 12, 1992 | Cherokee Valley Federal Savings Bank | Cleveland, TN | $143 million | none |
| June 12, 1992 | Landmark Bank for Savings | Whitman, MA | $62.1 million | $11.2 million |
| June 12, 1992 | American Interstate Bank | Newport Beach, CA | $42.0 million | $7.4 million |
| June 19, 1992 | Coastal Savings Bank, FSB | New London, CT | $238 million | $5.9 million |
| June 19, 1992 | First Home Savings Association | Pittsburgh, PA | $132 million | $463 thousand |
| June 19, 1992 | First Newport Bank, F.S.B. | Newport Beach, CA | $35.0 million | $3.2 million |
| June 25, 1992 | American National Bank - Post Oak | Houston, TX | $24.7 million | $4.5 million |
| June 25, 1992 | Castle Hills National Bank | San Antonio, TX | $13.8 million | $429 thousand |
| June 26, 1992 | Jacksonville Federal Savings Bank | Jacksonville, FL | $151 million | $25.3 million |
| June 26, 1992 | Olympic International Bank and Trust Company | Boston, MA | $140 million | $69.2 million |
| June 26, 1992 | The Somersworth Bank | Somersworth, NH | $114 million | $18.4 million |
| June 26, 1992 | Vernon Bank | Vernon, CT | $34.3 million | $3.1 million |
| July 6, 1992 | HomeFed Bank, Federal Savings Bank | San Diego, CA | $12.2 billion | $752 million |
| July 10, 1992 | Transohio Savings Bank | Cleveland, OH | $3.4 billion | $52.1 million |
| July 10, 1992 | Home Savings Bank FSB | Norfolk, VA | $224 million | $42.8 million |
| July 10, 1992 | Southern Federal Savings and Loan Association of Georgia | Atlanta, GA | $160 million | $8.4 million |
| July 17, 1992 | New England Federal Savings Bank | Wellesley, MA | $137 million | $25.9 million |
| July 17, 1992 | Liberty Savings Bank | Warrenton, VA | $92.0 million | $12.3 million |
| July 17, 1992 | State Bank of Springfield | Springfield, MN | $30.3 million | $127 thousand |
| July 23, 1992 | 1st National Bank of Texas | Webster, TX | $92.1 million | $14.2 million |
| July 24, 1992 | First Federal Savings and Loan Association of Russell Co | Phenix City, AL | $87.0 million | $390 thousand |
| July 31, 1992 | Massachusetts Bank and Trust Company | Brockton, MA | $61.8 million | $13.4 million |
| August 7, 1992 | Citadel Federal Savings Bank | Charleston, SC | $39.0 million | $8.8 million |
| August 7, 1992 | Foxworth Bank | Foxworth, MS | $36.5 million | $5.4 million |
| August 14, 1992 | Winchendon Savings Bank | Winchendon, MA | $65.2 million | $7.3 million |
| August 21, 1992 | Attleboro Pawtucket Savings Bank | Pawtucket, MA | $632 million | $28.1 million |
| August 21, 1992 | Birmingham Federal Savings and Loan Association | Birmingham, AL | $91.8 million | $3.4 million |
| August 28, 1992 | The Union Savings Bank | Patchogue, NY | $491 million | $134 million |
| August 28, 1992 | Seacoast Savings Bank | Dover, NH | $84.8 million | $7.1 million |
| August 28, 1992 | Potomac Savings Bank FSB | Silver Spring, MD | $72.3 million | $32.0 million |
| September 10, 1992 | The First National Bank of Yorktown | Yorktown, TX | $34.4 million | $7.6 million |
| September 18, 1992 | Plymouth Five Cents Savings Bank | Plymouth, MA | $221 million | $5.3 million |
| September 18, 1992 | The Washington Bank | Fairfax County, VA | $28.1 million | $5.1 million |
| September 24, 1992 | First Exchange Bank of Little Rock, National Association | Little Rock, AR | $24.7 million | $1.9 million |
| September 25, 1992 | Hometown Bank | Edison, NJ | $25.2 million | $7.3 million |
| September 25, 1992 | Highlands Community Bank, National Association | Clinton Township, NJ | $19.7 million | $2.5 million |
| October 2, 1992 | The Howard Savings Bank | Newark, NJ | $3.5 billion | $68.0 million |
| October 2, 1992 | First Constitution Bank | New Haven, CT | $1.6 billion | $126 million |
| October 2, 1992 | Eastwest Bank, National Association | Kihei, HI | $3.8 million | $870 thousand |
| October 9, 1992 | Piedmont Federal Savings Bank | Manassas, VA | $445 million | $75.6 million |
| October 16, 1992 | Security Savings and Loan Association | Jackson, MS | $276 million | $42.6 million |
| October 16, 1992 | Universal Bank | Lanham, MD | $18.0 million | $6.0 million |
| October 21, 1992 | Standard Federal Savings Bank | Gaithersburg, MD | $1.7 billion | $528 million |
| October 30, 1992 | First City, Texas - Houston, National Association | Houston, TX | $2.8 billion | none |
| October 30, 1992 | First City, Texas - Dallas | Dallas, TX | $1.4 billion | none |
| October 30, 1992 | Homestead Savings, Federal Savings and Loan Association | San Francisco, CA | $1.3 billion | $19.2 million |
| October 30, 1992 | First City, Texas - Beaumont, National Association | Beaumont, TX | $532 million | none |
| October 30, 1992 | First City, Texas - Corpus Christi | Corpus Christi, TX | $463 million | none |
| October 30, 1992 | First City, Texas - El Paso, National Association | El Paso, TX | $396 million | none |
| October 30, 1992 | First City, Texas - Austin, National Association | Austin, TX | $346 million | none |
| October 30, 1992 | First City, Texas - Bryan/College Station, National Association | Bryan, TX | $340 million | none |
| October 30, 1992 | First City, Texas - Midland, National Association | Midland, TX | $313 million | none |
| October 30, 1992 | First City, Texas - San Antonio, National Association | San Antonio, TX | $266 million | none |
| October 30, 1992 | First City, Texas - Tyler, National Association | Tyler, TX | $259 million | none |
| October 30, 1992 | First City, Texas - Lufkin, National Association | Lufkin, TX | $157 million | none |
| October 30, 1992 | First City, Texas - San Angelo, National Association | San Angelo, TX | $143 million | none |
| October 30, 1992 | First City, Texas - Orange, National Association | Orange, TX | $132 million | none |
| October 30, 1992 | First City, Texas - Alice | Alice, TX | $128 million | none |
| October 30, 1992 | First City, Texas - Madisonville, National Association | Madisonville, TX | $123 million | none |
| October 30, 1992 | First City, Texas - Lake Jackson | Lake Jackson, TX | $104 million | none |
| October 30, 1992 | First City, Texas - Graham, National Association | Graham, TX | $95.4 million | none |
| October 30, 1992 | First City, Texas - Sour Lake | Sour Lake, TX | $53.5 million | none |
| October 30, 1992 | First City, Texas - Aransas Pass | Aransas Pass, TX | $51.7 million | none |
| October 30, 1992 | First City, Texas - Kountze | Kountze, TX | $51.3 million | none |
| November 6, 1992 | First Federal Savings Bank of Georgia | Winder, GA | $108 million | $4.4 million |
| November 6, 1992 | Greenwood Bank of Bethel, Inc. | Bethel, CT | $33.3 million | $9.8 million |
| November 13, 1992 | First New York Bank for Business | New York, NY | $531 million | $165 million |
| November 13, 1992 | Metro North State Bank | Kansas City, MO | $472 million | $160 million |
| November 13, 1992 | Guaranty-First Trust Company | Waltham, MA | $353 million | $60.2 million |
| November 13, 1992 | The Overland Park Savings and Loan Association | Overland Park, KS | $213 million | $6.4 million |
| November 13, 1992 | Investors Bank & Trust Company | Gretna, LA | $51.6 million | $4.8 million |
| November 13, 1992 | Statewide Thrift and Loan Company | Redwood City, CA | $9.6 million | $2.3 million |
| November 20, 1992 | The Merchants Bank | Kansas City, MO | $1.5 billion | $123 million |
| November 20, 1992 | Polifly Savings and Loan Association | New Milford, NJ | $458 million | $35.1 million |
| November 20, 1992 | Irving Federal Bank For Savings | Chicago, IL | $247 million | $4.6 million |
| November 20, 1992 | Crestline Building and Loan Association | Crestline, OH | $27.5 million | $6.9 million |
| December 4, 1992 | Carteret Savings Bank, FA | Madison, NJ | $4.8 billion | $24.0 million |
| December 4, 1992 | Second National Federal Savings Bank | Salisbury, MD | $1.6 billion | $78.0 million |
| December 4, 1992 | Heritage Bank for Savings | Holyoke, MA | $1.3 billion | $24.0 million |
| December 4, 1992 | Security Savings Bank, SLA | Vineland, NJ | $1.2 billion | $41.4 million |
| December 4, 1992 | Burritt InterFinancial Bancorporation | New Britain, CT | $524 million | $79.0 million |
| December 4, 1992 | Huntington Pacific Thrift and Loan Association | Huntington, CA | $40.5 million | $17.4 million |
| December 8, 1992 | Palm Beach Federal Savings Bank | Palm Beach Garden, FL | $59.4 million | $20.9 million |
| December 11, 1992 | Meritor Savings Bank | Philadelphia, PA | $4.1 billion | none |
| December 11, 1992 | Eastland Savings Bank | Woonsocket, RI | $515 million | $10.3 million |
| December 11, 1992 | Eastland Bank | Woonsocket, RI | $85.4 million | none |
| December 11, 1992 | The Sailors and Merchants Bank and Trust Company | Vienna, VA | $34.8 million | $5.0 million |
| December 18, 1992 | The Rushville National Bank | Rushville, IN | $41.6 million | $6.0 million |
| December 18, 1992 | The Bremen State Bank | Bremen, KS | $2.7 million | $722 thousand |
Assistance transactions in 1992
In these cases the FDIC or another insurer gave financial help to an insured institution instead of closing it outright. They are not counted as failures on this site.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| October 16, 1992 | Freedom Bank | Ranger, TX | $20.9 million | $3 thousand |
| December 10, 1992 | Citizens State Bank | Princeton, TX | $12.9 million | $247 thousand |