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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
May 25, 1990 First Federal Savings & Loan New Braunfels, TX $232.3M Victoria B&TC
May 25, 1990 Remington Federal Savings Assoc. Elgin, TX $127.0M Deposit payout
May 25, 1990 Bank USA, Federal Association Silvis, IL $22.9M Metrobank
May 24, 1990 Memorial Bank, N.A. Houston, TX $75.9M Compass Bank Houston
May 24, 1990 Gentry County Bank Albany, MO $42.3M Citizens National Bank
May 24, 1990 Farmers State Bank of Brookshire Brookshire, TX $19.4M First Bank
May 24, 1990 Midway National Bank Dallas, TX $16.4M Comerica Bank-Texas
May 18, 1990 Southwest Savings Association Dallas, TX $5.33B Branch sale
May 18, 1990 Merchantsbank of Boston, a Co-Op Boston, MA $392.2M The First National Bank of
May 18, 1990 First Federal Savings of Conroe Conroe, TX $174.3M Banc One TX, N.A.
May 18, 1990 First FSA Borger, TX $63.2M Amarillo NB
May 18, 1990 Jonesboro Federal Sa Jonesboro, LA $55.0M Deposit payout
May 18, 1990 Jennings FSA Jennings, LA $54.1M American Bank
May 17, 1990 First-Taylor National Bank Taylor, TX $74.0M Citizens State Bank
May 17, 1990 The First National Bank of Georgetown Georgetown, TX $71.6M NCNB Texas National Bank
May 15, 1990 United Savings FSB Paterson, NJ $245.8M Deposit payout
May 11, 1990 United Savings Bank, FSB Windom, MN $161.5M Branch sale
May 11, 1990 The Federal Savings Banc F.A. Arlington, TX $137.3M Deposit payout
May 11, 1990 Great West Federal Savings Bank Craig, CO $28.1M First NB of Meeker
May 11, 1990 First FSA of Breaux Bridge Breaux Bridge, LA $20.4M Teche FSB
May 10, 1990 Commonwealth National Bank Dallas, TX $44.5M Comerica Bank-Texas
May 10, 1990 First National Bank of Grand Saline Grand Saline, TX $28.6M Texas National Bank
May 10, 1990 First National Bank of Desoto Desoto, TX $24.1M Hibernia National Bank in T
May 10, 1990 Dominion National Bank of Denver Denver, CO $15.3M Omnibank Southeast
May 9, 1990 Chancery National Bank Denver, CO $15.2M The Women's Bank, N.A.
May 8, 1990 Mississippi Savings Bank, FSB Batesville, MS $172.3M Deposit payout
May 4, 1990 Capitol Federal Savings & Loan Aurora, CO $980.6M Central Bank Dever, N.A.
May 4, 1990 Mutual Aide S & La Manasquan, NJ $103.3M Provident SB
May 4, 1990 Peninsula S & La South San Francisco, CA $51.8M Westcal NB
May 4, 1990 Tucker State Bank Jacksonville, FL $41.8M Barnett Bank of Jacksonvill
May 4, 1990 Security Federal Savings Bank Carlsbad, NM $26.9M Western Commerce Bank
May 4, 1990 First Fed. Savings Bank & Trust Independence, MO $25.4M Bank 10
May 3, 1990 Richardson National Bank Richardson, TX $50.5M Comerica Bank - Texas
May 3, 1990 First National Bank, Northeast Austin, TX $18.0M Hibernia National Bank in T
Apr 27, 1990 Santa Barbara S & L Assoc. Santa Barbara, CA $4.29B Bank of America Ntsa
Apr 27, 1990 Home Owners Savings Bank Burlington, MA $3.49B Branch sale
Apr 26, 1990 Trinity National Bank of Dallas Dallas, TX $37.1M Bank One, Texas, National a
Apr 26, 1990 Signature Bank, N.A. Dallas, TX $26.8M Compass Bank-Plano
Apr 26, 1990 Guardian Bank Scottsdale, AZ $25.9M Citibank (Arizona)
Apr 26, 1990 Central Arizona Bank Chandler, AZ $6.6M Security Pacific Bank Arizo
Apr 20, 1990 First Network Savings Bank Los Angeles, CA $303.8M Deposit payout
Apr 20, 1990 First Savings & Loan Massilon, OH $168.2M Branch sale
Apr 20, 1990 Enterprise Fed. FSA Clearwater, FL $62.6M Comerica Bank-FL, FSB
Apr 20, 1990 Texas FSA San Antonio, TX $55.4M Deposit payout
Apr 20, 1990 Southeastern Federal Savings Bank Laurel, MS $49.8M Citizens NB of Meridian
Apr 20, 1990 Heritage FSA Lamar, CO $45.9M First NB in Lamar
Apr 20, 1990 Bergen Park National Bank Evergreen, CO $5.8M Nederland National Bank
Apr 19, 1990 Chas. Schreiner Bank Kerrville, TX $228.1M NCNB Texas National Bank
Apr 19, 1990 Cove State Bank Copperas Cove, TX $37.3M The National Bank of Gatesv
Apr 19, 1990 Acadiana National Bank Lafayette, LA $33.5M First National Bank of St.

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
Jul 1, 1990 Babw Federal Credit Union PA Apex Community Federal Credit Union
Jul 1, 1990 First Interstate Bank of Great Falls MT First Interstate Bank of Montana, National Association
Jul 1, 1990 First Interstate Bank of Glacier County MT First Interstate Bank of Montana, National Association
Jul 1, 1990 Society Bank, Angola, National Association IN Society National Bank, Indiana
Jul 1, 1990 Riverside Community Credit Union WI Fox Communities Credit Union
Jul 1, 1990 Galaxy Federal Credit Union PA Little Giant Federal Credit Union
Jul 1, 1990 Warren Bank MI Macomb Warren Bank
Jul 1, 1990 Mhi-Npes Fcu FL Tropical Financial Credit Union
Jul 1, 1990 Knights of Columbus of Western Michigan Federal Credit Union MI Credit Union One
Jul 1, 1990 Union Federal Savings Bank IN Union Federal Bank of Indianapolis
Jul 1, 1990 Greater Charlotte Federal Credit Union NC Alero Financial Credit Union
Jul 1, 1990 MSHD-VI Fcu MS Mississippi Department of Transportation Federal Credit Union
Jul 1, 1990 Lancaster County Employees Credit Union PA Lancaster Red Rose Credit Union
Jul 1, 1990 JWC Empl Fcu FL Gte Federal Credit Union dba Gte Financial
Jul 1, 1990 Society Bank, Knox IN Society National Bank, Indiana
Jul 1, 1990 California Conference Credit Union CA Interfaith Federal Credit Union
Jul 1, 1990 Georgetown National Bank TX Hartland Bank, National Association
Jul 1, 1990 CYS Federal Credit Union MD Nymeo Federal Credit Union
Jul 1, 1990 First of America Bank - Alpena MI First of America Bank - Northern Michigan
Jul 1, 1990 I.A.M. Lodge 758 Federal Credit Union CA Logix Federal Credit Union
Jul 1, 1990 Moore Fremont Federal Credit Union OH Fremont Federal Credit Union
Jul 1, 1990 Ibew 143 Credit Union PA Belco Community Credit Union
Jul 1, 1990 Muskegon Printing Industrial Employees Credit Union MI Family Financial Credit Union
Jul 1, 1990 Society Bank, Goshen IN Society National Bank, Indiana
Jul 1, 1990 Trustcorp of Florida N.A. FL Key Trust Company of Florida, N.A.
Jul 1, 1990 Contented Federal Credit Union WA Canopy Federal Credit Union
Jul 1, 1990 Century Bank AZ Residual Bank
Jul 1, 1990 Valley Financial Services, Inc. IL Illinois Banc One Corporation
Jul 1, 1990 Bank South Waycross, Inc. GA Bank South Corporation
Jul 1, 1990 Universal Bancorp WV Hometown Bancshares, Inc.
Jul 1, 1990 Bank South Macon, Inc. GA Bank South Corporation
Jul 1, 1990 Four Freedoms Federal Credit Union PA Pannonia Federal Credit Union
Jul 1, 1990 Nreca-Rochdale Federal Credit Union DC Agriculture Federal Credit Union
Jul 1, 1990 Border Credit Union AZ American Southwest Credit Union
Jul 1, 1990 E L C M Federal Credit Union OH Tri-State Federal Credit Union
Jul 1, 1990 Whiting Federal Credit Union OH Cinco Family Financial Center Credit Union
Jun 30, 1990 Williams Bros SVG & Ca Cu GA Georgia United Credit Union
Jun 30, 1990 Great American Bank, Federal Savings Bank AZ Great American Federal Savings Association
Jun 30, 1990 Bank IV Lenexa, National Association KS Bank IV Kansas City, National Association
Jun 30, 1990 Plaza National Bank TX Community Bank & Trust, S.S.B.
Jun 30, 1990 Octelco Credit Union, Inc. OH Desco Federal Credit Union
Jun 30, 1990 Pontiac Columbus Federal Credit Union MI Metro North Federal Credit Union
Jun 30, 1990 Hotel Inter-Continental Maui Federal Credit Union HI Valley Isle Community Federal Credit Union
Jun 30, 1990 Bank IV Corporate Woods, National Association KS Bank IV Kansas City, National Association
Jun 30, 1990 Vidor State Bank TX Community Bank & Trust, S.S.B.
Jun 30, 1990 First National Bank of Woodville TX Community Bank & Trust, S.S.B.
Jun 30, 1990 Warner Center Bank CA City National Bank
Jun 30, 1990 Equitable Bank, National Association MD Maryland National Bank
Jun 30, 1990 Eggers Industries Neenah Credit Union WI Lakeview Credit Union
Jun 30, 1990 Mayco L a Federal Credit Union CA First City 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

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