Skip to main content

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
Nov 2, 1990 Lone Star National Bank Dallas, TX $34.2M Comerica Bank - Texas
Nov 1, 1990 Trinity National Bank Benbrook, TX $21.5M —
Oct 26, 1990 City Savings & Loan San Antonio, TX $183.0M Deposit payout
Oct 26, 1990 Rancho Bernardo Fed. Sav. Bank San Diego, CA $118.6M Branch sale
Oct 26, 1990 The Farmers and Merchants Bank of Sheyenne Sheyenne, ND $2.9M The Ramsey National Bank an
Oct 25, 1990 First National Bank of Jackson Jackson, TN $73.7M First Tennessee Bank, Natio
Oct 23, 1990 Superior FSA Cleveland, OH $95.9M Home FSB, Northern Oh
Oct 19, 1990 Heritage Savings Bank, FSB Richmond, VA $888.8M CRFC Interim SB (Crestar Ba
Oct 19, 1990 First American Bank for Savings Boston, MA $526.2M The Boston Five Cents Savin
Oct 19, 1990 Gold Coast Savings Bank Plantation, FL $151.7M Branch sale
Oct 19, 1990 The Brooklyn Savings Bank Danielson, CT $130.9M Willimantic Savings Institu
Oct 19, 1990 Metropolitan National Bank McAllen, TX $19.9M Raymondville State Bank
Oct 12, 1990 International FS & La N. Miami Beach, FL $84.2M Deposit payout
Oct 11, 1990 United Peoples Bank Lampasas, TX $32.7M The First National Bank of
Oct 5, 1990 The Peoples Bank & Trust Company Natchitoches, LA $117.0M Heritage Bank of Natchitoch
Oct 5, 1990 Mountain Ridge State Bank West Orange, NJ $51.4M Mountain Ridge Bank
Oct 4, 1990 Woodway Bank and Trust, N.A. Houston, TX $35.4M National Commerce Bank
Sep 27, 1990 Fort Worth State Bank Fort Worth, TX $20.7M Fidelity Bank
Sep 27, 1990 Great Western National Bank Lewisville, TX $13.4M First Western National Bank
Sep 21, 1990 Sentry Federal Savings Bank Hyannis, MA $735.5M New Bedford Institution for
Sep 21, 1990 Yorkville Federal Savings New York, NY $344.7M Northern SB
Sep 21, 1990 Hidalgo Savings & Loan Edinburg, TX $154.8M Branch sale
Sep 21, 1990 Mercer Savings Bank Trenton, NJ $92.7M Pulawski SB, Sla
Sep 21, 1990 Texas Commercial Sa Sulphur Springs, TX $27.7M First American Bank
Sep 20, 1990 First Comanche Bank Comanche, TX $33.1M —
Sep 20, 1990 City National Bank of Irving Irving, TX $32.1M Comerica Bank-Texas
Sep 20, 1990 First State Bank of Rising Star Rising Star, TX $14.0M The Peoples State Bank
Sep 14, 1990 First SB of Hempstead Hempstead, TX $35.4M Deposit payout
Sep 14, 1990 Ingram State Bank Ingram, TX $23.5M —
Sep 14, 1990 Citizens National Bank Kerrville, TX $12.8M —
Sep 13, 1990 Western National Bank Fort Worth, TX $34.0M Central Bank and Trust
Sep 13, 1990 First National Bank of Kennedale Kennedale, TX $27.5M Central Bank and Trust
Sep 13, 1990 Citizens Bank Clarksville, TX $15.9M State Bank of Dekalb
Sep 13, 1990 First National Bank of Crosby Crosby, ND $12.4M First National Bank & Trust
Sep 7, 1990 El Paso Federal Savings El Paso, TX $433.1M Deposit payout
Sep 7, 1990 First City FSB Lucedale, MS $41.7M Magnolia FB for Savings
Sep 6, 1990 Northside Bank San Antonio, TX $54.7M Bank One, Texas, National a
Aug 31, 1990 Ensign Bank, FSB New York, NY $1.78B Branch sale
Aug 31, 1990 First American Savings Bank, FSB Santa Fe, NM $123.6M Deposit payout
Aug 31, 1990 Atlanta FSA Atlanta, TX $89.4M Kilgore FS&LA
Aug 31, 1990 First FSA Winnfield, LA $54.7M Deposit payout
Aug 30, 1990 Bay City Bank & Trust Co. Bay City, TX $79.6M First State Bank and Trust
Aug 30, 1990 The First National Bank of Levelland Levelland, TX $62.2M Citizens Bank
Aug 30, 1990 Citizens National Bank El Campo, TX $51.3M First Bank
Aug 30, 1990 Chisholm National Bank Plano, TX $20.9M Comerica Bank-Texas
Aug 30, 1990 American Bank of Commerce, N.A. Del Rio, TX $17.4M Del Rio National Bank
Aug 30, 1990 Security National Bank Austin, TX $15.1M Liberty National Bank
Aug 30, 1990 First Bank of Plano Plano, TX $9.2M Compass Bank-Plano
Aug 24, 1990 First FS & La Temple, TX $315.4M Kilgore FS&LA
Aug 24, 1990 Ambassador FS & La Tamarac, FL $184.1M Bank of North America

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
Dec 11, 1990 OCC_OTS Silverado Banking Savings and Loan Association Decision/Opinion and Order: Coopers & Lybrand and Arthur L. Knight
Dec 11, 1990 OCC_OTS First Federal Savings and Loan Association of Independence Decision/Opinion and Order: Randy Hoffman
Dec 11, 1990 OCC_OTS First Federal Savings and Loan Association of Independence Decision/Opinion and Order: Yerkes and Michels
Dec 11, 1990 OCC The First National Bank of Barnesville Formal Agreement: The First National Bank Of Barnesville
Dec 11, 1990 OCC_OTS First Federal Savings and Loan Association of Independence Decision/Opinion and Order: Yerkes and Michels
Dec 10, 1990 OCC_OTS Lemont Federal Savings Association Orders of Removal/Prohibition: Gunnar P. Nilsson
Dec 9, 1990 OCC Converse National Bank Formal Agreement: Converse National Bank
Dec 6, 1990 OCC Central National Bank of Mattoon Civil Money Penalty (CMP): Central National Bank Of Mattoon
Dec 6, 1990 OCC Central National Bank of Mattoon Civil Money Penalty (CMP): Singer, James W.
Dec 6, 1990 OCC Central National Bank of Mattoon Civil Money Penalty (CMP): O'Neill, Malcolm F.
Dec 6, 1990 OCC Central National Bank of Mattoon Civil Money Penalty (CMP): Niemeyer, Harry W.
Dec 6, 1990 OCC Central National Bank of Mattoon Civil Money Penalty (CMP): Neal, Burnham E.
Dec 6, 1990 OCC Central National Bank of Mattoon Civil Money Penalty (CMP): Horsley, Jack E.
Dec 6, 1990 OCC Central National Bank of Mattoon Civil Money Penalty (CMP): Crews, Cecil K.
Dec 6, 1990 OCC Central National Bank of Mattoon Civil Money Penalty (CMP): Steward, Kathleen
Dec 5, 1990 FRB Manufacturers Hanover Corporation Prohibition from Banking: Nathaniel L. Singleton
Dec 5, 1990 OCC_OTS Metro Financial Service Corporation Inc Supervisory Agreement: Metro Savings Bank, FSB
Dec 5, 1990 OCC U.S. National Bank of Clayton Formal Agreement: U.S. National Bank Of Clayton
Dec 5, 1990 OCC (individual) Prohibition/Removal Orders: Faith, Carol L.
Dec 4, 1990 OCC National Bank of Commerce Formal Agreement: National Bank Of Commerce
Dec 4, 1990 OCC Powell Valley National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Powell Valley National Bank
Dec 3, 1990 OCC Beneficial National Bank USA Civil Money Penalty (CMP): Beneficial National Bank
Dec 3, 1990 OCC American National Bank of New York Civil Money Penalty (CMP): American National Bank Of New York
Nov 30, 1990 OCC First National Bank of Bonita Springs Formal Agreement: First National Bank Of Bonita Springs
Nov 30, 1990 OCC Vail National Bank Prohibition/Removal Orders: Penner, Joseph
Nov 30, 1990 OCC Wilshire Center Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wilshire Center Bank, National Association
Nov 29, 1990 OCC_OTS Financial Federal Savings and Loan Association of Dade County Cease and Desist: Financial Federal Savings and Loan Association of Dade County
Nov 29, 1990 OCC_OTS Allatoona Federal Savings Bank Supervisory Agreement: Allatoona Federal Savings Bank
Nov 29, 1990 OCC_OTS Great American Bank Cease and Desist: Great American Bank, a Federal Savings Bank
Nov 29, 1990 OCC_OTS (individual) Cease and Desist: Delaware Savings Bank, FSB
Nov 27, 1990 OCC_OTS Bay Federal Savings Bank Cease and Desist: Bay Financial Savings Bank
Nov 26, 1990 OCC_OTS (individual) Supervisory Agreement: Citadel Federal Savings Bank
Nov 26, 1990 FRB Provident Bancorp of Texas, Inc. Civil Money Penalty $5,000: Provident Bancorp of Texas, Inc., Dallas, TX
Nov 26, 1990 FRB (individual) Prohibition from Banking: Celestino Torres Romero
Nov 26, 1990 OCC The First National Bank of Sterling Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank Of Sterling
Nov 23, 1990 OCC_OTS Murray Federal Savings and Loan Association Orders of Removal/Prohibition: Jack Crozier
Nov 23, 1990 OCC_OTS Murray Federal Savings and Loan Association Orders of Removal/Prohibition: Fulton Murray
Nov 19, 1990 OCC_OTS Fairfield Savings and Loan Association Supervisory Agreement: Fairfield Savings and Loan Association
Nov 19, 1990 OCC_OTS Life Financial Corporation Civil Money Penalty: Life Savings Bank
Nov 16, 1990 OCC_OTS (individual) Civil Money Penalty: William H. McKenzie
Nov 16, 1990 OCC_OTS (individual) Cease and Desist: First Federal Savings and Loan Association of Morgantown
Nov 16, 1990 OCC_OTS (individual) Cease and Desist: John R. Hutcherson
Nov 16, 1990 OCC_OTS (individual) Cease and Desist: Michael S. Lang
Nov 16, 1990 OCC_OTS (individual) Cease and Desist: Tommy M. Parker
Nov 16, 1990 OCC_OTS (individual) Civil Money Penalty: Daniel T. Hollenbach
Nov 16, 1990 OCC_OTS (individual) Civil Money Penalty: G. Richard Munton
Nov 16, 1990 OCC_OTS (individual) Civil Money Penalty: John R. Hutcherson
Nov 16, 1990 OCC_OTS (individual) Civil Money Penalty: Judy G. Lowe
Nov 16, 1990 OCC_OTS (individual) Civil Money Penalty: Michael S. Lang
Nov 16, 1990 OCC_OTS (individual) Civil Money Penalty: Rhonda S. Lang

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

Or jump to a category: Failures · Mergers · Enforcement · Assistance