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
Feb 23, 1990	Imperial Federal Savings Assoc.	San Diego, CA	$9.58B	Branch sale
Feb 23, 1990	Mercury Savings	Huntington Beach, CA	$2.16B	Security Pacific NB, N.A.
Feb 23, 1990	First Atlantic S & La	Plainfield, NJ	$1.30B	Branch sale
Feb 23, 1990	Texasbanc Savings	Conroe, TX	$248.8M	Guaranty FSB
Feb 23, 1990	Provident Sa	Casper, WY	$244.9M	Key Bank of WY - Casper
Feb 23, 1990	Nowlin Sa	Ft. Worth, TX	$200.5M	Comerica Bank-TX
Feb 23, 1990	Vanguard SB	Vandergrief, PA	$176.9M	S&T Bank
Feb 23, 1990	Frontier FS & La	Walla Walla, WA	$146.9M	Washington Mutual
Feb 23, 1990	Community Federal Savings Bank	East Moline, IL	$112.0M	Branch sale
Feb 23, 1990	First Standard Fed. Savings Assoc.	Fairmont, WV	$77.6M	Community B&T, N.A.
Feb 23, 1990	First Federal Sav. ASSOC./BLUEFIELD	Bluefield, WV	$39.3M	First FSB
Feb 23, 1990	The Bank of Ruidoso	Ruidoso, NM	$27.8M	United New Mexico Bank at a
Feb 23, 1990	Greenwood FS & La	Greenwood, MS	$26.7M	Magnolia FB for Savings
Feb 23, 1990	The Red River Bank	Red River, NM	$6.5M	Centinel Bank of Taos
Feb 22, 1990	The First State Bank of Regent	Regent, ND	$9.7M	First National Bank
Feb 21, 1990	The Ben Franklin FS & La	Portland, OR	$4.62B	Bank of America, FSB
Feb 16, 1990	Franklin FSA	Ottawa, KS	$9.26B	Branch sale
Feb 16, 1990	Great American FS & La	Oak Park, IL	$1.01B	Branch sale
Feb 16, 1990	State FS & La	Tulsa, OK	$526.3M	Branch sale
Feb 16, 1990	Western Empire FS & La	Yorba Linda, CA	$406.6M	Southern California Bank
Feb 16, 1990	Freedom Sa	Columbus, OH	$360.4M	Branch sale
Feb 16, 1990	Heritage FSB	Omaha, NE	$225.0M	Branch sale
Feb 16, 1990	Equitable S & La, F.A.	Columbus, NE	$73.2M	Conservative SB, FSB
Feb 16, 1990	Fidelity Savings Bank	Danville, IL	$16.3M	First Midwest Bank
Feb 15, 1990	Huffman Bank	Huffman, TX	$22.0M	Channelview Bank
Feb 15, 1990	Northway National Bank	Dallas, TX	$19.1M	City National Bank of Carro
Feb 15, 1990	Gateway National Bank	Phoenix, AZ	$8.6M	Citibank (Arizona)
Feb 9, 1990	Abq Bank, a FSB	Albuquerque, NM	$2.02B	Bank of America NM, N.A.
Feb 9, 1990	American Federal Savings Assoc.	Des Moines, IA	$910.7M	Branch sale
Feb 9, 1990	Vermont Sa	Timonium, MD	$334.9M	First NB of MD
Feb 9, 1990	Huntington FS & La	Huntington Beach, CA	$120.4M	American SB, F.A.
Feb 9, 1990	Liberty Savings Bank FSB	Randallstown, MD	$49.5M	Royal Oak SB, FSA
Feb 9, 1990	Fairmont Federal Savings Assoc.	Fairmont, MN	$46.0M	First Farmers & Merchant NB
Feb 8, 1990	The First National Bank of Colbert	Colbert, OK	$17.9M	The Durant Bank & Trust Com
Feb 2, 1990	Centrust Bank, SB	Miami, FL	$8.22B	Great Western Bank, FSB
Feb 2, 1990	Pioneer Savings Bank, FSB	Clearwater, FL	$1.94B	Great Western Bank, FSB
Feb 2, 1990	Clyde FS & La	North Riverside, IL	$574.7M	Mid-City NB of Chicago
Feb 2, 1990	Sentinel FS & La	Phoenix, AZ	$174.9M	Biltmore Investors Bank, N.A.
Feb 2, 1990	Henderson Home S & La	Henderson, KY	$50.4M	Farmers B&TC
Feb 2, 1990	Citizens National Bank of Walnut Ridge	Walnut Ridge, AR	$37.5M	The Lawrence County Bank
Feb 2, 1990	Commerce Bank of Tampa	Tampa, FL	$21.6M	Southern Exchange Bank
Feb 1, 1990	Tyler National Bank	Tyler, TX	$24.7M	NCNB Texas National Bank
Jan 31, 1990	Merabank FSB	Phoenix, AZ	$6.32B	Branch sale
Jan 26, 1990	Monroe Savings Bank, FSB	Rochester, NY	$520.6M	Manufacturers & Traders Tru
Jan 26, 1990	Banctexas Dallas, N.A.	Dallas, TX	$340.9M	Hibernia National Bank in T
Jan 26, 1990	Williamsburg FS & La	Salt Lake City, UT	$310.5M	Branch sale
Jan 26, 1990	Colonial S & La	Cape Girardeau, MO	$170.9M	Branch sale
Jan 26, 1990	First Savings Assoc.	Bismark, ND	$113.4M	Metropolitan FB, FSB
Jan 26, 1990	Creditbank	Cutler Ridge, FL	$76.4M	Capital Bank
Jan 26, 1990	Palo Duro FS & La	Amarillo, TX	$65.0M	Citizens State Bank of Dalh

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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