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
Aug 24, 1990	Broken Arrow Savings Assoc.	Broken Arrow, OK	$26.9M	Metro Bank of Broken Arrow
Aug 22, 1990	Sweetwater FS & La	Rock Springs, WY	$11.6M	First Security Bank
Aug 17, 1990	First FSA of Tuscola	Tuscola, IL	$23.2M	First NB of Arcola
Aug 17, 1990	Financial Savings of Hartford FSB	Hartford, CT	$21.9M	Northeast Savings, F.A.
Aug 16, 1990	Cherry Creek National Bank	Denver, CO	$85.8M	The Bank of Cherry Creek, N
Aug 16, 1990	City National Bank	Houston, TX	$35.6M	Charter National Bank-Colon
Aug 16, 1990	Capitol Bank & Trust	Oklahoma City, OK	$33.1M	First Fidelity Bank, Nation
Aug 10, 1990	The National Bank of Washington	Washington, DC	$1.65B	The Riggs National Bank of
Aug 10, 1990	First Pacific Bank	Beverly Hills, CA	$118.8M	Commercial Center Bank
Aug 10, 1990	Superior Federal Savings Bank	Nacogdoches, TX	$80.2M	Branch sale
Aug 10, 1990	American Sa of MT. Carmel	Mt. Carmel, IL	$11.9M	Union FSB
Aug 9, 1990	First National Bank of Corpus Christi	Corpus Christi, TX	$117.0M	First City, Texas-Corpus CH
Aug 3, 1990	Hometown FSA	Winfield, IL	$46.5M	Irving Bank
Aug 3, 1990	Tennessee Federal Savings Bank	Cookeville, TN	$40.0M	Peoples B&T of Cumberlands
Aug 3, 1990	Amigo FS & La	Brownsville, TX	$20.7M	Brownsville NB
Aug 2, 1990	American Bank & Trust Company	Baton Rouge, LA	$351.5M	Hancock Bank of Louisiana
Aug 2, 1990	United Bank of Waco, National Assoc	Waco, TX	$250.0M	Bank One, Texas, National a
Jul 31, 1990	United FSB	Vienna, VA	$415.6M	Crestar Bank
Jul 27, 1990	Professional Savings Bank	Coral Gables, FL	$695.6M	Branch sale
Jul 27, 1990	Statesman Bank for Savings, FSB	Des Moines, IA	$540.4M	Branch sale
Jul 27, 1990	Citizens & Builders FS	Pensacola, FL	$119.2M	Central Bank of the South
Jul 27, 1990	Guaranty Savings Bank FSB	Fayetteville, NC	$53.9M	Branch sale
Jul 27, 1990	U.S. Savings Bank of America	Seabrook, NH	$12.4M	Family Savings Bank of New
Jul 26, 1990	Continental Bank	Dallas, TX	$135.5M	Comerica Bank - Texas
Jul 26, 1990	Bank of Odessa	Odessa, TX	$14.4M	Western National Bank
Jul 26, 1990	Bank of Wilson	Wilson, OK	$13.0M	American National Bank
Jul 26, 1990	First National Bank	Purcell, OK	$10.9M	McClain County National Ban
Jul 20, 1990	Mainstay Federal Savings	Red Bank, NJ	$226.1M	Bankers Savings
Jul 20, 1990	Charter Bank, a FSB	Hattiesburg, MS	$130.8M	Branch sale
Jul 20, 1990	Commonwealth Savings Assoc.	New Orleans, LA	$44.0M	St. Bernard B&TC
Jul 20, 1990	United FS & La	Vidalia, LA	$18.9M	Concordia B&TC
Jul 13, 1990	Capitol-Union FSA	Baton Rouge, LA	$392.8M	Deposit payout
Jul 13, 1990	The Permanent Savings Bank	Niagara Falls, NY	$330.0M	Key Bank of Western New Yor
Jul 13, 1990	North Texas FSA	Wichita Falls, TX	$97.0M	Team Bank
Jul 13, 1990	Summit First S & La	Summit, IL	$57.8M	Marquette NB
Jul 13, 1990	Progressive SB	Natchitoches, LA	$50.2M	Deposit payout
Jul 12, 1990	American National Bank of Greenville	Greenville, TX	$29.1M	Sulphur Springs State Bank
Jul 12, 1990	Iredell State Bank	Iredell, TX	$10.0M	First Security Bank - Cranf
Jul 6, 1990	Milford Savings Bank	Milford, MA	$328.1M	Peoples Savings Bank
Jul 6, 1990	Capital National Bank	Bronx, NY	$158.2M	New York Capital Bank, N.A.
Jul 6, 1990	Heritage FSA	Lancaster, PA	$48.8M	Harris Sa
Jul 5, 1990	Home SB, FSB	Salt Lake City, UT	$12.8M	Zions First NB
Jun 29, 1990	Eliot Savings Bank	Boston, MA	$479.5M	South Boston Savings Bank
Jun 29, 1990	Travis Savings & Loan Assoc.	San Antonio, TX	$321.7M	International Bank of Comme
Jun 29, 1990	First Jackson FSB	Jackson, MS	$116.5M	Trustmark NB
Jun 29, 1990	Windsor Savings Assoc.	Austin, TX	$108.8M	Deposit payout
Jun 29, 1990	Charter Savings & Loan	Stamford, CT	$103.0M	Greenwich FS&LA
Jun 29, 1990	The Montgomery National Bank	Montgomery TWNSP, NJ	$92.6M	Amboy National Bank
Jun 29, 1990	Pioneer FS & La	Marietta, OH	$9.5M	Deposit payout
Jun 28, 1990	Southwest National Bank	Austin, TX	$33.6M	Texas Bank

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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