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
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
Jan 18, 1990	OCC	Heritage National Bank	Civil Money Penalty (CMP): Herrick, John W.
Jan 17, 1990	OCC_OTS	Home Savings Association	Cease and Desist: Home Federal Savings Association
Jan 17, 1990	OCC_OTS	(individual)	Orders of Removal/Prohibition: John E. Coles
Jan 17, 1990	OCC_OTS	(individual)	Orders of Removal/Prohibition: Jerry W. Dickson
Jan 17, 1990	OCC_OTS	Phoenix Federal Savings and Loan Association	Orders of Removal/Prohibition: Clarence L. Mayberry
Jan 17, 1990	OCC_OTS	(individual)	Orders of Removal/Prohibition: J. Brooks Hauser
Jan 17, 1990	OCC_OTS	(individual)	Orders of Removal/Prohibition: Theodore J. Ehney Jr.
Jan 17, 1990	OCC_OTS	The Garnett Savings and Loan Association	Orders of Removal/Prohibition: Thomas P. Munk
Jan 15, 1990	OCC	Centennial Bank Corporation	Civil Money Penalty (CMP): Cassidy, Michael
Jan 11, 1990	OCC	City National Bank of Kilgore	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): City National Bank Of Kilgore
Jan 10, 1990	OCC	Texas National Bank of Jacksonville	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Texas National Bank Of Jacksonville
Jan 10, 1990	OCC_OTS	Silverado Banking Savings and Loan Association	Orders of Removal/Prohibition: Michael R. Wise
Jan 9, 1990	OCC_OTS	Colonial Financial Services, Inc.	Orders of Removal/Prohibition: Dr. Antonino Castellett
Jan 9, 1990	OCC_OTS	Silverado Banking Savings and Loan Association	Orders of Removal/Prohibition: Richard K. Vandapool
Jan 9, 1990	OCC_OTS	(individual)	Orders of Removal/Prohibition: Leonard D. Villines
Jan 9, 1990	OCC_OTS	Silverado Banking Savings and Loan Association	Orders of Removal/Prohibition: Richard K. Vandapool
Jan 9, 1990	OCC_OTS	Silverado Banking Savings and Loan Association	Orders of Removal/Prohibition: Robert M. Lewis
Jan 9, 1990	OCC_OTS	Worth Federal Savings and Loan Association	Cease and Desist: Worth Federal Savings and Loan Association
Jan 2, 1990	OCC	First National Bank of East Baton Rouge	Civil Money Penalty (CMP): Levatino, Dr. Samuel Ray

FDIC Open-Bank Assistance in 1990

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

Browse adjacent years: 1989 · 1991

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