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
Apr 19, 1990	First State Bank of Crandall	Crandall, TX	$15.8M	The American National Bank
Apr 19, 1990	Security National Bank of Elgin	Elgin, TX	$10.8M	Elgin Bank of Texas
Apr 19, 1990	Corinth Deposit National Bank	Corinth, KY	$8.7M	The National Bank of Corint
Apr 18, 1990	The Seamen's Bank of Savings, FS	New York, NY	$3.39B	The Chase Manhattan Bank(na
Apr 12, 1990	First Federal Savings & Loan	Warner Robins, GA	$150.1M	CB&T Bank of Middle Ga
Apr 12, 1990	Constitution Fed. Savings Assoc.	Monterey Park, CA	$66.4M	Deposit payout
Apr 12, 1990	The Bazine State Bank	Bazine, KS	$16.9M	Farmers Bank & Trust, Natio
Apr 5, 1990	Colony Savings Bank, FSB	Monaca, PA	$427.5M	Branch sale
Apr 5, 1990	Champions Point National Bank	Houston, TX	$20.6M	Northwest Bank
Apr 5, 1990	First Bank & Trust Company	Cedar Hill, TX	$13.8M	NCNB Texas National Bank
Mar 30, 1990	Everman National Bank of Fort Worth	Fort Worth, TX	$65.9M	Bank One, Texas, National a
Mar 30, 1990	Imperial Bank	Coral Gables, FL	$23.2M	Commercebank, National Asso
Mar 29, 1990	Crown Bank, N.A.	San Antonio, TX	$22.8M	First City,texas-San Antoni
Mar 29, 1990	First National Bank of Garland	Garland, TX	$9.4M	State Bank of Texas
Mar 29, 1990	Alvord National Bank	Alvord, TX	$7.6M	The First National Bank of
Mar 22, 1990	The Central National Bank of San Angelo	San Angelo, TX	$147.4M	First National Bank at Lubb
Mar 22, 1990	Miami National Bank	Miami, FL	$46.4M	Commercebank, National Asso
Mar 22, 1990	Community Bank	New Caney, TX	$42.0M	Channelview Bank
Mar 22, 1990	American Bank of Arlington	Arlington, TX	$28.3M	Banc One, Texas, National a
Mar 22, 1990	The Waller Bank, N.A.	Waller, TX	$13.4M	First Bank Navasota
Mar 16, 1990	Pacific Coast S & La	San Francisco, CA	$1.04B	East-West FB, FSB
Mar 16, 1990	Whitestone Savings	Whitestone, NY	$396.9M	Astoria FS&LA
Mar 16, 1990	Nasau Federal Savings & Loan	Brooklyn, NY	$296.8M	Staten Island SB
Mar 16, 1990	First America FSB	Longmont, CO	$187.4M	Branch sale
Mar 16, 1990	Great American FS & La	Corinth, MS	$159.2M	Deposit payout
Mar 16, 1990	First FS & La of Wichita Falls	Wichita Falls, TX	$84.8M	Deposit payout
Mar 16, 1990	Lakeland Savings Bank FSB	Detroit Lakes, MN	$79.6M	First Security State Bank
Mar 16, 1990	United Federal Savings, F.A.	New Orleans, LA	$53.2M	United B&TC
Mar 16, 1990	Sun Federal Savings Assoc.	Fort Dodge, IA	$24.3M	Ida County State Bank
Mar 15, 1990	Bank of Meeker	Meeker, OK	$15.5M	First State Bank
Mar 15, 1990	Liberty City State Bank	Liberty City, TX	$15.2M	The First National Bank of
Mar 15, 1990	Independent National Bank	Phoenix, AZ	$12.4M	Citibank(arizona)
Mar 9, 1990	Nassau S & La	Princeton, NJ	$313.1M	Penn SB, FSB
Mar 9, 1990	Yorkwood S & La	Maplewood, NJ	$205.3M	Branch sale
Mar 9, 1990	Westport Federal Savings Bank	Hanford, CA	$169.6M	Deposit payout
Mar 9, 1990	Peoples FS & La	Bartlesville, OK	$105.5M	WestStar Bank N.A.
Mar 9, 1990	Investors Savings Bank	Nashville, TN	$81.1M	Amsouth Bank of TN
Mar 9, 1990	Hiawatha Savings & Loan	Hiawatha, KS	$49.2M	Morrill & Janes B&TC
Mar 9, 1990	First Bank N.A.	Cleveland, OH	$33.1M	—
Mar 8, 1990	University National Bank of College Statio	College Station, TX	$36.3M	First American Bank
Mar 8, 1990	Farmers State Bank	Schulenberg, TX	$32.7M	First Bank
Mar 8, 1990	Citizens National Bank	Denton, TX	$16.2M	Texas Bank
Mar 2, 1990	Pima S & La	Tucson, AZ	$2.73B	Bank of America, Az
Mar 2, 1990	North Carolina FS & La	Charlotte, NC	$628.1M	First Citizens B&TC
Mar 2, 1990	Security FS & La	Richmond, VA	$341.6M	Crestar Bank
Mar 2, 1990	Haven FS & La	Winter Haven, FL	$172.4M	Barnett Bank of Polk County
Mar 2, 1990	New Athens FS & La	New Athens, IL	$30.4M	United Il Bank of New Athen
Mar 1, 1990	Search National Bank	Dallas, TX	$21.2M	Hibernia National Bank in T
Mar 1, 1990	First National Bank of Sanger	Sanger, TX	$19.7M	The Gainesville National Ba
Mar 1, 1990	Community State Bank of Onalaska	Onalaska, TX	$9.7M	The Bank of Livingston

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
Oct 1, 1990	Potomac Bancorp, Inc.	WV	WM Bancorp
Oct 1, 1990	Arvin Employees Credit Union	IN	Centra Credit Union
Oct 1, 1990	Georgia Episcopal Fcu	GA	The Southern Credit Union
Oct 1, 1990	Metropolitan Federal Bank Minnesota Federal Savings Bank	MN	First Bank, Federal Savings Bank
Oct 1, 1990	Pilgrim Empl Fcu	GA	Fort Gordon and Community Credit Union
Oct 1, 1990	Statesman Insurance Employees Federal Credit Union	IN	Forum Credit Union
Oct 1, 1990	Rajco Credit Union, Inc.	KY	C & O United Credit Union
Oct 1, 1990	(unnamed)	—	The Shelby State Bank
Oct 1, 1990	Greyhound Mid-America Credit Union	MO	Mazuma Credit Union
Oct 1, 1990	D a I Employees Federal Credit Union	IL	North Side L Federal Credit Union
Oct 1, 1990	First National Bank of Central Jersey	NJ	National Westminster Bank USA
Oct 1, 1990	N.L.R. Uniformed Employees Federal Credit Union	AR	Arkansas Federal Credit Union
Oct 1, 1990	Maryland State Bank	MD	Bank of Maryland
Oct 1, 1990	(unnamed)	—	First of America Bank-Quad Cities, National Association
Oct 1, 1990	Bank of Maryland - Montgomery County	MD	Bank of Maryland
Oct 1, 1990	Miami Childrens Hospital Credit Union	FL	Tropical Financial Credit Union
Oct 1, 1990	Rainier Federal Credit Union	WA	Qualstar Credit Union
Oct 1, 1990	Pirse Federal Credit Union	PA	Fedchoice Federal Credit Union
Oct 1, 1990	Bay National Bank	MD	Bank of Maryland
Oct 1, 1990	Junction State Bank	WI	Bank of Athens
Oct 1, 1990	First of America Bank-Ottawa	IL	First of America Bank-DeKalb, National Association
Oct 1, 1990	Aerovox Employees Credit Union	MA	First Citizens Federal Credit Union
Oct 1, 1990	Metropolitan Federal Bank of Iowa	IA	First Bank, Federal Savings Bank
Oct 1, 1990	Shenango Valley Federal Credit Union	PA	Mercer County Community Federal Credit Union
Oct 1, 1990	Cornerstone Bank	NH	BayBank NH, National Association
Oct 1, 1990	Marshall Field and Company Employees Credit Union	IL	Bestsource Credit Union
Oct 1, 1990	Firestone Factory Employees Credit Union, Inc.	OH	B F G Federal Credit Union
Oct 1, 1990	(unnamed)	—	Corestates Bank, National Association
Oct 1, 1990	C T a General Office Federal Credit Union	IL	North Side L Federal Credit Union
Oct 1, 1990	Industrial Workers Fcu	GA	Augusta Metro Federal Credit Union
Oct 1, 1990	Bank of Oklahoma, Claremore	OK	RCB Bank
Oct 1, 1990	North Park Garage Federal Credit Union	IL	77th Street Depot Federal Credit Union
Oct 1, 1990	C C East Federal Credit Union	GA	Kinetic Credit Union
Oct 1, 1990	Mcea West Virginia Federal Credit Union	WV	Chessie Federal Credit Union
Oct 1, 1990	Citrus CMNTY Fcu	FL	Martin Federal Credit Union
Oct 1, 1990	C&S Credit Union	MI	Credit Union One
Oct 1, 1990	Garrett Freightlines Employees Federal Credit Union	ID	Rails West Federal Credit Union
Oct 1, 1990	Anchor Savings and Loan Association	IN	Citizens Financial Bank
Oct 1, 1990	Wisconsin United Methodist Credit Union	WI	Pioneer Credit Union
Oct 1, 1990	LaSalle National Bank	IL	LaSalle Bank National Association
Oct 1, 1990	Citizens Credit Union	MI	Genisys Credit Union dba Genisys Investment Services
Oct 1, 1990	First America Bank - Mt. Pleasant	MI	First of America Bank - Mid Michigan, National Association
Oct 1, 1990	Caddo Parish Credit Union	LA	Wesla Federal Credit Union
Sep 30, 1990	Southern Humboldt Grangers Credit Union	CA	Butte Federal Credit Union
Sep 30, 1990	Shawsville Bancorp, Incorporated	VA	Premier Bankshares Corporation
Sep 30, 1990	Salon Credit Union	CA	California Bear Credit Union
Sep 30, 1990	Clark County Schools Credit Union, Inc.	OH	Heartland Federal Credit Union
Sep 30, 1990	The First National Bank of Boscobel	WI	Clare Bank, N.A.
Sep 30, 1990	Citizens State Bank	WI	Clare Bank, N.A.
Sep 30, 1990	The Bloomington State Bank	WI	Clare Bank, N.A.

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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