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Calendar Year

1990 in US Banking

1,874 bank events are on record for 1990: 381 failures, 973 mergers or acquisitions involving a bank, credit union or bank holding company, and 519 enforcement actions.

381
Failures
$146.59B in failed assets
973
Mergers
Federal Reserve NIC, banking organizations
519
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
1
Assistance
FDIC open-bank assistance

Jump to: Bank failures 1990 · Bank mergers 1990

How many banks failed in 1990?

381 banks failed in 1990, with $146.59B in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Jun 28, 1990 Brookwood National Bank Oklahoma City, OK $26.9M The Liberty National Bank a
Jun 28, 1990 American National Bank Elk City, OK $14.8M First Community Bank
Jun 28, 1990 The Valley View National Bank Valley View, TX $13.0M The Gainesville National Ba
Jun 28, 1990 Bacliff Bank, N.A. Bacliff, TX $7.1M The Citizens State Bank of
Jun 22, 1990 Germania Bank, FSB Alton, IL $785.5M Mercantile Bank of St. Loui
Jun 22, 1990 Southern Federal Bank for Savings Gulfport, MS $142.8M Branch sale
Jun 21, 1990 Centre National Bank-Farmers Branch Farmers Branch, TX $39.7M Hibernia National Bank in T
Jun 21, 1990 Lakeland State Bank Austin, TX $12.8M Hill Country Bank
Jun 21, 1990 Bank of East Texas Tyler, TX $11.0M Chandler State Bank
Jun 21, 1990 Peoples National Bank Caldwell, TX $9.6M Citizens State Bank
Jun 18, 1990 Farmers and Merchants Bank Buckeye, AZ $24.0M The Stockmen's Bank
Jun 15, 1990 Charter Savings Bank Newport, CA $313.9M Pacific Heritage Bank
Jun 15, 1990 United S & L of Trenton Trenton, NJ $277.7M Penn SB, FSB
Jun 15, 1990 First Federal Savings & Loan Metairie, LA $156.3M Deposit payout
Jun 15, 1990 Moultrie Savings Bank FSB Moultrie, GA $65.8M Moultrie NB
Jun 15, 1990 Bank M Miami, FL $10.7M Bank of North America
Jun 14, 1990 Alliance Bank, N.A. Austin, TX $81.1M Hibernia National Bank in T
Jun 14, 1990 Willow Bend National Bank Plano, TX $58.9M Compass Bank - Plano
Jun 14, 1990 National City Bank of Denver Denver, CO $58.4M Omnibank Southeast
Jun 14, 1990 Exchange National Bank of Del City Del City, OK $43.2M First National Bank of Midw
Jun 14, 1990 The Wimberley Bank Wimberley, TX $23.3M Ozona National Bank
Jun 8, 1990 Home Federal Worcester, MA $235.8M Branch sale
Jun 8, 1990 First Bankers Trust Midland, TX $103.6M Deposit payout
Jun 8, 1990 Hometown Savings Bank FSB Delphi, IN $64.7M Branch sale
Jun 8, 1990 The Merchants Bank of California Beverly Hills, CA $62.4M Western Bank
Jun 7, 1990 Texas National Bank El Paso, TX $131.8M Texas Commerce Bank - El Pa
Jun 7, 1990 Richmark Bank Houston, TX $35.2M Hibernia National Bank in T
Jun 7, 1990 Clifton National Bank Clifton, TX $12.1M First National Bank in Vall
Jun 7, 1990 Hulen National Bank Fort Worth, TX $11.7M First National Bank in Deca
Jun 1, 1990 NBC Bank-San Antonio, National Assoc San Antonio, TX $938.2M NCNB Texas National Bank
Jun 1, 1990 First Annapolis Savings Annapolis, MD $720.1M Branch sale
Jun 1, 1990 The Home National Bank of Milford Milford, MA $461.7M Baybank Middlesex
Jun 1, 1990 Investors of Florida Deerfield Beach, FL $282.6M J. P. Morgan FL, FSB
Jun 1, 1990 NBC Bank-Houston, National Assoc Houston, TX $186.2M NCNB Texas National Bank
Jun 1, 1990 NBC Bank-Rio Grande Valley, N.A. Mission, TX $138.7M NCNB Texas National Bank
Jun 1, 1990 NBC Bank- South Texas, National Corpus Christi, TX $118.4M NCNB Texas National Bank
Jun 1, 1990 Mutual S & La Weatherford, TX $104.8M Deposit payout
Jun 1, 1990 NBC Bank-Seguin, National Assoc Seguin, TX $63.8M NCNB Texas National Bank
Jun 1, 1990 Time FS & La San Francisco, CA $57.9M Sun SB, FSB
Jun 1, 1990 NBC Bank-Boerne, National Assoc Boerne, TX $53.8M NCNB Texas National Bank
Jun 1, 1990 Great Life FSA Sunrise, FL $42.7M U.S. Trust Co. of Florida S
Jun 1, 1990 NBC Bank-Uvalde, National Assoc Uvalde, TX $35.1M NCNB Texas National Bank
Jun 1, 1990 NBC Bank-Austin, National Assoc Austin, TX $33.8M NCNB Texas National Bank
Jun 1, 1990 NBC Bank-Kerrville, National Assoc Kerrville, TX $26.0M NCNB Texas National Bank
May 31, 1990 The Huntsville National Bank Huntsville, TX $107.2M NCNB Texas National Bank
May 31, 1990 The Wilshire Bank, National Assoc Los Angeles, CA $24.8M Mid City Bank, National Ass
May 31, 1990 Rocky Mountain National Bank Denver, CO $9.2M Colonial National Bank
May 25, 1990 Cagaus-Central Federal Savings Caguas, PR $1.64B Banco Santander PR
May 25, 1990 American Pioneer Savings Bank Orlando, FL $1.61B Branch sale
May 25, 1990 First American Federal Savings Fort Smith, AR $450.7M Branch sale

Which banks merged in 1990?

973 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1990.

See the fuller list: Bank mergers 1990 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Dec 14, 1990 Water & Sanitation Employees Credit Union UT Granite Federal Credit Union
Dec 14, 1990 The Kanopolis State Bank KS First Bank Kansas
Dec 13, 1990 Southampton Memorial Hospital Federal Credit Union VA Chartway Federal Credit Union
Dec 12, 1990 First Federal Savings and Loan Association of Council Bluffs IA First Bank, Federal Savings Bank
Dec 12, 1990 First National Bank of Kermit TX Western National Bank
Dec 12, 1990 Saint Joseph's Healthcare Federal Credit Union CA Allied Trades Credit Union
Dec 11, 1990 First National Bank in Higgins TX The First National Bank of Canadian
Dec 10, 1990 Sovran Bank/Tri Cities TN NationsBank of Tennessee, National Association
Dec 10, 1990 Sovran Bank/Greenville TN NationsBank of Tennessee, National Association
Dec 10, 1990 F&M Bank of Slinger WI Associated Bank Fond Du Lac
Dec 8, 1990 Richmond Memorial Hospital Credit Union VA Rva Financial Federal Credit Union
Dec 8, 1990 Jacksonville Corps of Engrs Fcu FL Radifi Federal Credit Union
Dec 7, 1990 Third National Bank in Anderson County TN SunTrust Bank, East Tennessee, National Association
Dec 7, 1990 Third National Bank in Sevier County TN SunTrust Bank, East Tennessee, National Association
Dec 7, 1990 The Peoples Bank TN SunTrust Bank, Nashville, National Association
Dec 7, 1990 Third National Bank in Loudon County TN SunTrust Bank, East Tennessee, National Association
Dec 7, 1990 Third National Bank in Hamblen County TN SunTrust Bank, East Tennessee, National Association
Dec 6, 1990 Lindsborg Bancshares, Inc KS Emprise Financial Corp. - Hutchinson
Dec 6, 1990 The Farmers State Bank KS Emprise Bank, National Association
Dec 4, 1990 PTC Financial Corporation IN Norwest Indiana, Inc.
Dec 4, 1990 Ways Employees Credit Union CT Greater Watertown Federal Credit Union
Dec 3, 1990 Empire Bank, National Association CA First Security Bank of California, N.A.
Dec 3, 1990 Technicraft Incorporated Credit Union CT Dutch Point Credit Union
Dec 2, 1990 Citizens and Southern Financial Services, Incorporated SC The Citizens and Southern Corporation
Dec 2, 1990 Citizens and Southern Housing Corporation SC The Citizens and Southern Corporation
Dec 2, 1990 Citizens and Southern Realty Corporation SC The Citizens and Southern Corporation
Dec 2, 1990 Columbus Pepsi Cola Federal Credit Union OH Wright-Patt Credit Union, Inc.
Dec 1, 1990 The First National Bank of Enumclaw WA Puget Sound Bank
Dec 1, 1990 Unitech OK BancFirst
Dec 1, 1990 Rosendale Bancshares, Inc. WI M&I LLC
Dec 1, 1990 First Enumclaw Bancorporation WA Puget Sound Bancorp
Dec 1, 1990 Rosendale State Bank WI M&I Central State Bank
Dec 1, 1990 Southern Postal Cu GA Center Parc Credit Union
Dec 1, 1990 Bank of Peru NE MainStreet Bank
Dec 1, 1990 Pest Control Credit Union CA Sacramento Credit Union
Dec 1, 1990 Detroit Methodist Conference Credit Union MI Unity Credit Union
Dec 1, 1990 Chicago Commercial Credit Union IL South Division Credit Union
Dec 1, 1990 Chase Brass Employees Credit Union, Inc. OH Cardinal Credit Union, Inc.
Dec 1, 1990 Marion Va Hospital Credit Union IL Siu Credit Union
Dec 1, 1990 Whittier Citizens Credit Union CA South Western Federal Credit Union
Dec 1, 1990 Bristol Credit Union RI Peoples Credit Union
Dec 1, 1990 Breckinridge Teachers Credit Union KY Commonwealth Federal Credit Union
Dec 1, 1990 Farmers & Merchants Bank AR First Security Bank
Dec 1, 1990 First Family Credit Union IA Dutrac Community Credit Union
Dec 1, 1990 The First National Bank of Stoneboro PA Mercer County State Bank
Dec 1, 1990 First of America Bank - Oscoda MI First of America Bank - Mid Michigan, National Association
Nov 30, 1990 Farmers Bancorp of Sturgis, Inc. KY Integra Bank Corporation
Nov 30, 1990 Whitehall Bancorporation, Inc. MT Rocky Mountain Bancorporation, Inc.
Nov 30, 1990 Harlem Corporation MT Rocky Mountain Bancorporation, Inc.
Nov 30, 1990 Hudson Co C S No 1 Federal Credit Union NJ Ocnac No 1 Federal Credit Union

The list holds 500 of the 973 mergers recorded for 1990.

Enforcement Actions in 1990

Action date Agency Institution Action
Feb 26, 1990 OCC Bank of New England, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bank Of New England, National Association
Feb 23, 1990 OCC Enterprise National Bank Civil Money Penalty (CMP): Stoel, Walter
Feb 23, 1990 OCC_OTS (individual) Orders of Removal/Prohibition: Steve E. Strem
Feb 22, 1990 OCC_OTS Imperial Savings and Loan Association Cease and Desist: Imperial Savings and Loan Association
Feb 22, 1990 OCC Beaumont Bank - N.A. Civil Money Penalty (CMP): Austin, James D.
Feb 22, 1990 OCC Beaumont Bank - N.A. Civil Money Penalty (CMP): Iles, Herman R.
Feb 22, 1990 OCC Beaumont Bank - N.A. Civil Money Penalty (CMP): Gunter, James R.
Feb 21, 1990 OCC The First National Bank of Bovey Civil Money Penalty (CMP): Prigge, William F.
Feb 21, 1990 OCC Gateway Bank of St. Louis Civil Money Penalty (CMP): Howard, Raymond
Feb 16, 1990 FRB (individual) Cease and Desist Order: Bank Dagang Negara, Jakarta, Indonesia and Bank Dagang Negara, Los …
Feb 15, 1990 OCC_OTS (individual) Cease and Desist: Home Owners Savings Bank F.S.B.
Feb 14, 1990 OCC_OTS Reliance Federal Savings and Loan Association of St Louis Co Orders of Removal/Prohibition: Gary J. Lubbes
Feb 14, 1990 OCC_OTS Reliance Federal Savings and Loan Association of St Louis Co Orders of Removal/Prohibition: Terry E. Lubbes
Feb 13, 1990 OCC Vail National Bank Civil Money Penalty (CMP): Wilto, E. William
Feb 13, 1990 OCC Vail National Bank Civil Money Penalty (CMP): Johnston, Paul R.
Feb 13, 1990 OCC Duncanville National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Duncanville National Bank
Feb 13, 1990 OCC Vail National Bank Civil Money Penalty (CMP): Gorsuch, Scott D.
Feb 12, 1990 OCC_OTS (individual) Cease and Desist: Texasbanc Savings, F.S.B.
Feb 12, 1990 OCC The Oakland National Bank Civil Money Penalty (CMP): The Oakland National Bank
Feb 9, 1990 OCC Sti Capital Management, N.A. Civil Money Penalty (CMP): Sun Bank Capital Management, National Association
Feb 9, 1990 OCC_OTS Home Federal Savings and Loan Association, Federal Association Orders of Removal/Prohibition: Clayton C. Mowers
Feb 9, 1990 OCC_OTS Home Federal Savings and Loan Association, Federal Association Orders of Removal/Prohibition: Kenneth Andrews
Feb 9, 1990 OCC_OTS Home Federal Savings and Loan Association, Federal Association Orders of Removal/Prohibition: Murray J. Mowers
Feb 8, 1990 OCC The First National Bank Prohibition/Removal Orders: James, J. Robert
Feb 8, 1990 OCC The First National Bank Civil Money Penalty (CMP): James, J. Robert
Feb 5, 1990 OCC_OTS (individual) Orders of Removal/Prohibition: Matthew Blevins
Feb 5, 1990 FRB Flower Mound Bank Prohibition from Banking: Ben D. Campbell
Feb 5, 1990 OCC_OTS (individual) Orders of Removal/Prohibition: William Joseph Straughan
Jan 31, 1990 OCC Morgan Trust Company of Florida, N.A. Civil Money Penalty (CMP): Morgan Trust Company Of Florida National Associationociation
Jan 31, 1990 OCC Houston National Company Civil Money Penalty (CMP): Houston National Bank
Jan 31, 1990 OCC_OTS Phoenix Federal Savings and Loan Association Orders of Removal/Prohibition: William E. Beckman Jr.
Jan 30, 1990 OCC St. Tammany National Bank Civil Money Penalty (CMP): Whitney National Bank In St. Tammany
Jan 24, 1990 FRB (individual) Civil Money Penalty $5,000: Lyle R. Lake
Jan 24, 1990 FRB (individual) Civil Money Penalty $600,000: John P. Burke
Jan 24, 1990 FRB (individual) Civil Money Penalty $600,000: John A. Edmiston
Jan 24, 1990 FRB (individual) Civil Money Penalty $600,000: Don C. Davis
Jan 24, 1990 FRB (individual) Civil Money Penalty $600,000: Daniel M. Burke
Jan 24, 1990 OCC The First National Bank of Tribune Prohibition/Removal Orders: Steele, Larry
Jan 24, 1990 OCC The First National Bank of Tribune Civil Money Penalty (CMP): Steele, Larry D.
Jan 24, 1990 FRB (individual) Prohibition from Banking: M. Joseph Burke
Jan 24, 1990 FRB (individual) Prohibition from Banking: John A. Edmiston
Jan 24, 1990 FRB (individual) Prohibition from Banking: Don C. Davis
Jan 24, 1990 FRB (individual) Prohibition from Banking: Daniel M. Burke
Jan 24, 1990 FRB (individual) Civil Money Penalty $600,000: M. Joseph Burke
Jan 24, 1990 FRB (individual) Civil Money Penalty $10,000: James R. Sperry
Jan 23, 1990 OCC_OTS Silverado Banking Savings and Loan Association Orders of Removal/Prohibition: Russell M. Murray
Jan 18, 1990 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Hamliton
Jan 18, 1990 OCC The First National Bank in Glen Rose Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank In Glen Rose
Jan 18, 1990 OCC The Dublin National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Dublin National Bank
Jan 18, 1990 OCC_OTS Silverado Banking Savings and Loan Association Orders of Removal/Prohibition: W. James Metz

FDIC Open-Bank Assistance in 1990

Date Institution HQ Assets
Sep 12, 1990 The Pawnee National Bank Pawnee, OK $14.2M

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