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
Nov 30, 1990	Lafayette County Bancshares, Inc.	MO	Lafayette Bancshares, Inc.
Nov 30, 1990	Big Six Towers Federal Credit Union	NY	Qside Federal Credit Union
Nov 29, 1990	Imc Magnetics Employees Federal Credit Union	NY	Fourleaf Federal Credit Union
Nov 27, 1990	Austenal Dover Federal Credit Union	NJ	Members Connect Federal Credit Union
Nov 24, 1990	BayBank Southeast, National Association	MA	BayBank South
Nov 17, 1990	F&M Bank	WI	Associated Bank North
Nov 17, 1990	Cole Taylor Operations Network Inc.	IL	Cole Taylor Bank
Nov 17, 1990	Heritage Bank of Mukwonago	WI	Johnson Bank
Nov 17, 1990	Lawrence National Employees Credit Union	MA	Metro Credit Union
Nov 16, 1990	Citizens Fidelity Bank and Trust Company Winchester	KY	Citizens Fidelity Bank and Trust Company Lexington
Nov 16, 1990	Lowcountry Bancshares, Inc.	SC	L S B Bancshares Inc of South Carolina
Nov 16, 1990	Santa Clarita National Bank	CA	(unnamed)
Nov 15, 1990	United Southern Corporation	MS	Union Planters Corporation
Nov 15, 1990	First Financial of Russellville, Inc.	KY	Trans Financial, Inc.
Nov 15, 1990	Aplington Insurance, Inc.	IA	GL & ML, Limited
Nov 13, 1990	Quality Federal Credit Union	CT	Mutual Security Credit Union, Inc.
Nov 13, 1990	Jordan Business Forms Federal Credit Union	NC	Truliant Federal Credit Union
Nov 10, 1990	Utah Deseret Mortgage Corporation	UT	Wells Fargo Trust Company, N.A.
Nov 10, 1990	Mountain View Investment Company	UT	Wells Fargo Trust Company, N.A.
Nov 10, 1990	Deseret Bancorporation	UT	First Security Corporation
Nov 10, 1990	Deseret Bank	UT	Wells Fargo Trust Company, N.A.
Nov 10, 1990	The Bank of Baltimore	MD	The Bank of Baltimore
Nov 10, 1990	G. L. Corporation	UT	Wells Fargo Trust Company, N.A.
Nov 9, 1990	Shawmut Worcester County Bank, National Association	MA	Fleet National Bank of Massachusetts
Nov 7, 1990	Pajaro Valley Bancorporation	CA	Pacific Capital Bancorp
Nov 5, 1990	(unnamed)	—	First Midwest Bank
Nov 3, 1990	The Seymour Trust Company	CT	Fleet National Bank
Nov 3, 1990	Friendship Federal Credit Union	NC	Members Credit Union
Nov 3, 1990	(unnamed)	—	New Hampshire Savings Bank
Nov 3, 1990	The Planters Corporation	NC	RBC Bancorporation (USA)
Nov 3, 1990	Peoples Bancorporation	NC	RBC Bancorporation (USA)
Nov 3, 1990	The Planters National Bank and Trust Company	NC	RBC Bank (USA)
Nov 3, 1990	Peoples Bank & Trust Company	NC	RBC Bank (USA)
Nov 3, 1990	Chester Bank	CT	Fleet National Bank
Nov 3, 1990	Home Savings and Loan Association	OH	First National Bank Northwest Ohio
Nov 3, 1990	F & M Bank	WI	Associated Bank North
Nov 3, 1990	Peoples Bank of the Triad	NC	RBC Bank (USA)
Nov 2, 1990	First Interstate Leasing, Inc.	ND	First Interstate of North Dakota, Inc.
Nov 1, 1990	(unnamed)	—	M&I Bank of Dodgeville
Nov 1, 1990	Affiliated Bank/Chicago	IL	Lasalle Bank Illinois
Nov 1, 1990	SBT Bancorp, Inc.	IL	Old National Bancorp
Nov 1, 1990	Pine Ridge Management Co.	NE	C.S.B. Co.
Nov 1, 1990	NBD Kalamazoo Bank	MI	Bank One, Michigan
Nov 1, 1990	NBD Cadillac Bank	MI	Bank One, Michigan
Nov 1, 1990	NBD Petoskey, National Association	MI	Bank One, Michigan
Nov 1, 1990	River Valley Credit Union	IL	Illiana Financial Credit Union
Nov 1, 1990	NBD Grand Haven	MI	Bank One, Michigan
Nov 1, 1990	Old Kent Bank-St. Charles, National Association	IL	Old Kent Bank, National Association
Nov 1, 1990	Affiliated Bank/Morton Grove	IL	Lasalle Bank Illinois
Nov 1, 1990	NBD Grand Rapids, National Association	MI	Bank One, Michigan

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

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