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
May 25, 1990	First Federal Savings & Loan	New Braunfels, TX	$232.3M	Victoria B&TC
May 25, 1990	Remington Federal Savings Assoc.	Elgin, TX	$127.0M	Deposit payout
May 25, 1990	Bank USA, Federal Association	Silvis, IL	$22.9M	Metrobank
May 24, 1990	Memorial Bank, N.A.	Houston, TX	$75.9M	Compass Bank Houston
May 24, 1990	Gentry County Bank	Albany, MO	$42.3M	Citizens National Bank
May 24, 1990	Farmers State Bank of Brookshire	Brookshire, TX	$19.4M	First Bank
May 24, 1990	Midway National Bank	Dallas, TX	$16.4M	Comerica Bank-Texas
May 18, 1990	Southwest Savings Association	Dallas, TX	$5.33B	Branch sale
May 18, 1990	Merchantsbank of Boston, a Co-Op	Boston, MA	$392.2M	The First National Bank of
May 18, 1990	First Federal Savings of Conroe	Conroe, TX	$174.3M	Banc One TX, N.A.
May 18, 1990	First FSA	Borger, TX	$63.2M	Amarillo NB
May 18, 1990	Jonesboro Federal Sa	Jonesboro, LA	$55.0M	Deposit payout
May 18, 1990	Jennings FSA	Jennings, LA	$54.1M	American Bank
May 17, 1990	First-Taylor National Bank	Taylor, TX	$74.0M	Citizens State Bank
May 17, 1990	The First National Bank of Georgetown	Georgetown, TX	$71.6M	NCNB Texas National Bank
May 15, 1990	United Savings FSB	Paterson, NJ	$245.8M	Deposit payout
May 11, 1990	United Savings Bank, FSB	Windom, MN	$161.5M	Branch sale
May 11, 1990	The Federal Savings Banc F.A.	Arlington, TX	$137.3M	Deposit payout
May 11, 1990	Great West Federal Savings Bank	Craig, CO	$28.1M	First NB of Meeker
May 11, 1990	First FSA of Breaux Bridge	Breaux Bridge, LA	$20.4M	Teche FSB
May 10, 1990	Commonwealth National Bank	Dallas, TX	$44.5M	Comerica Bank-Texas
May 10, 1990	First National Bank of Grand Saline	Grand Saline, TX	$28.6M	Texas National Bank
May 10, 1990	First National Bank of Desoto	Desoto, TX	$24.1M	Hibernia National Bank in T
May 10, 1990	Dominion National Bank of Denver	Denver, CO	$15.3M	Omnibank Southeast
May 9, 1990	Chancery National Bank	Denver, CO	$15.2M	The Women's Bank, N.A.
May 8, 1990	Mississippi Savings Bank, FSB	Batesville, MS	$172.3M	Deposit payout
May 4, 1990	Capitol Federal Savings & Loan	Aurora, CO	$980.6M	Central Bank Dever, N.A.
May 4, 1990	Mutual Aide S & La	Manasquan, NJ	$103.3M	Provident SB
May 4, 1990	Peninsula S & La	South San Francisco, CA	$51.8M	Westcal NB
May 4, 1990	Tucker State Bank	Jacksonville, FL	$41.8M	Barnett Bank of Jacksonvill
May 4, 1990	Security Federal Savings Bank	Carlsbad, NM	$26.9M	Western Commerce Bank
May 4, 1990	First Fed. Savings Bank & Trust	Independence, MO	$25.4M	Bank 10
May 3, 1990	Richardson National Bank	Richardson, TX	$50.5M	Comerica Bank - Texas
May 3, 1990	First National Bank, Northeast	Austin, TX	$18.0M	Hibernia National Bank in T
Apr 27, 1990	Santa Barbara S & L Assoc.	Santa Barbara, CA	$4.29B	Bank of America Ntsa
Apr 27, 1990	Home Owners Savings Bank	Burlington, MA	$3.49B	Branch sale
Apr 26, 1990	Trinity National Bank of Dallas	Dallas, TX	$37.1M	Bank One, Texas, National a
Apr 26, 1990	Signature Bank, N.A.	Dallas, TX	$26.8M	Compass Bank-Plano
Apr 26, 1990	Guardian Bank	Scottsdale, AZ	$25.9M	Citibank (Arizona)
Apr 26, 1990	Central Arizona Bank	Chandler, AZ	$6.6M	Security Pacific Bank Arizo
Apr 20, 1990	First Network Savings Bank	Los Angeles, CA	$303.8M	Deposit payout
Apr 20, 1990	First Savings & Loan	Massilon, OH	$168.2M	Branch sale
Apr 20, 1990	Enterprise Fed. FSA	Clearwater, FL	$62.6M	Comerica Bank-FL, FSB
Apr 20, 1990	Texas FSA	San Antonio, TX	$55.4M	Deposit payout
Apr 20, 1990	Southeastern Federal Savings Bank	Laurel, MS	$49.8M	Citizens NB of Meridian
Apr 20, 1990	Heritage FSA	Lamar, CO	$45.9M	First NB in Lamar
Apr 20, 1990	Bergen Park National Bank	Evergreen, CO	$5.8M	Nederland National Bank
Apr 19, 1990	Chas. Schreiner Bank	Kerrville, TX	$228.1M	NCNB Texas National Bank
Apr 19, 1990	Cove State Bank	Copperas Cove, TX	$37.3M	The National Bank of Gatesv
Apr 19, 1990	Acadiana National Bank	Lafayette, LA	$33.5M	First National Bank of St.

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
Aug 13, 1990	Texas Commerce Bank - Conroe, National Association	TX	Chase Bank of Texas, National Association
Aug 13, 1990	Texas Commerce Bank - Sugarland, National Association	TX	Chase Bank of Texas, National Association
Aug 12, 1990	Tri City Service Corporation	WI	Tri City Bankshares Corporation
Aug 11, 1990	Tri City National Bank of Brookfield	WI	Tri City National Bank
Aug 11, 1990	Tri City National Bank of Menomonee Falls	WI	Tri City National Bank
Aug 11, 1990	Tri City National Bank of Hales Corners	WI	Tri City National Bank
Aug 11, 1990	Tri City National Bank of West Allis	WI	Tri City National Bank
Aug 11, 1990	Tri City National Bank of Brown Deer	WI	Tri City National Bank
Aug 11, 1990	USTrust	MA	USTrust
Aug 10, 1990	Rockfish Credit Union	NC	Members Credit Union
Aug 10, 1990	Victoria Bank & Trust Company - Central	TX	Norwest Bank Texas, South Central
Aug 10, 1990	Victoria Bank & Trust Company - West	TX	Norwest Bank Texas, South Central
Aug 7, 1990	Pattern & Foundry Federal Credit Union	NY	Sunmark Credit Union
Aug 6, 1990	Chemical Bank Texas, National Association	TX	Texas Commerce Bank, National Association
Aug 1, 1990	Auto Accessories Credit Union, Inc.	OH	Lormet Community Federal Credit Union
Aug 1, 1990	Dairy Equipment Credit Union	WI	Members First Credit Union
Aug 1, 1990	First American Kentucky Bancorp, Inc.	KY	Community Trust Bancorp, Inc.
Aug 1, 1990	Hallam Bancorp, Inc.	NE	First State Holding Co.
Aug 1, 1990	Public Health Credit Union	OK	The Focus Federal Credit Union
Aug 1, 1990	Entex Empl Cu	LA	United Energy Credit Union
Aug 1, 1990	Southern Nevada State Savings and Credit Union	NV	WestStar Credit Union
Aug 1, 1990	Trust Company of Troup County	GA	SunTrust Bank, West Georgia, National Association
Aug 1, 1990	Marion County Savings and Loan Association	KY	Great Financial Bank, FSB
Aug 1, 1990	Employees Credit Association Credit Union	CA	Genisys Credit Union dba Genisys Investment Services
Aug 1, 1990	Knox County Schools Employees Credit Union	IL	Heritage Credit Union
Aug 1, 1990	Perth Amboy Postal Employees Credit Union	NJ	Raritan Bay Federal Credit Union
Aug 1, 1990	Dayton Newspapers-Whio Federal Credit Union	OH	Triangle Credit Union, Inc.
Aug 1, 1990	Pacific First Bank, a Federal Savings Bank Washington	WA	Pacific First Bank, a Federal Savings Bank
Aug 1, 1990	Jasper County Savings and Loan Association	IL	First Community Bank, National Association
Aug 1, 1990	Hopkins Savings and Loan Association	WI	Federated Bank, S.S.B.
Aug 1, 1990	The Farmers and Citizens State Bank	WV	Bank One, West Virginia, Charleston, National Association
Aug 1, 1990	Valley Bank	WA	Bellingham Bank
Aug 1, 1990	The Guaranty Bond State Bank of Waller	TX	First Bank Katy, National Association
Aug 1, 1990	The Peoples Bank	OH	Peoples Bank
Aug 1, 1990	Trust Company Bank of Douglas County	GA	Suntrust Bank
Aug 1, 1990	Second Pilgrim Federal Credit Union	PA	Viriva Community Credit Union
Aug 1, 1990	Z R D C Credit Union	IL	Access Credit Union
Aug 1, 1990	First of America Bank - West Branch	MI	First of America Bank - Mid Michigan, National Association
Aug 1, 1990	Hallam Bank	NE	Saline State Bank
Aug 1, 1990	M&I Northern National Bank	WI	M&I Merchants Bank
Aug 1, 1990	M&I Bank of Westfield	WI	M&I Peoples Bank
Aug 1, 1990	M&I Bank of Adams-Friendship	WI	M&I Peoples Bank
Aug 1, 1990	O.L. of a Federal Credit Union	PA	Viriva Community Credit Union
Jul 31, 1990	Iola Bancshares, Inc.	KS	Team Financial, Inc.
Jul 31, 1990	Valley Ag Credit Corp	CA	PV Financial
Jul 31, 1990	Greater Pennsylvania Savings Association	PA	American Savings Bank
Jul 31, 1990	Cal Berkeley Federal Credit Union	CA	Cooperative Center Federal Credit Union
Jul 31, 1990	Seasha Fcu	AL	Tuskegee Federal Credit Union
Jul 30, 1990	Farmers Savings Bank	IA	Bank Iowa
Jul 28, 1990	Maximum Savings Bank Federal Savings Bank	MD	Columbia First Bank, a Federal Savings Bank

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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