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
Dec 28, 1990	Capitol Bank and Trust Company	Boston, MA	$485.6M	—
Dec 28, 1990	Southern FS	New Orleans, LA	$230.8M	Branch sale
Dec 28, 1990	First FS & La of Andalusia	Andalusia, AL	$38.7M	Colonial Bank
Dec 27, 1990	Enterprise Savings Bank, F.A.	Chicago, IL	$432.6M	United FB
Dec 21, 1990	Arkansas FSB	Little Rock, AR	$71.7M	Branch sale
Dec 15, 1990	Mid-America FS & La	Columbus, OH	$1.21B	NBD Bank
Dec 14, 1990	Community FS & La	St. Louis, MO	$1.98B	Boatmen's Bancshares, Inc.
Dec 14, 1990	Comfed Savings Bank	Lowell, MA	$1.40B	Branch sale
Dec 14, 1990	Olympic Federal Savings	Berwyn, IL	$1.05B	Branch sale
Dec 14, 1990	Home Federal Bank for Savings	Waukegan, IL	$348.1M	First of Amer. BK-N.E. Il
Dec 14, 1990	Frontier Savings Association	Las Vegas, NV	$252.4M	Bank of America, NV
Dec 14, 1990	Empire Savings Bank	Hammonton, NJ	$219.3M	United Jersey BANK/SO., N.A.
Dec 14, 1990	First Commercial Bank of Florida	Boca Raton, FL	$171.6M	Bank of North America
Dec 14, 1990	Far Western Bank	Tustin, CA	$154.3M	—
Dec 14, 1990	Old Borough Savings & Loan	Trenton, NJ	$133.5M	New Jersey NB
Dec 14, 1990	Peoples State Bank	Dallas, TX	$30.3M	Comerica Bank - Texas
Dec 14, 1990	The State Bank of Omaha	Omaha, TX	$20.5M	The First National Bank of
Dec 13, 1990	Washington County State Bank	Brenham, TX	$77.7M	Channelview Bank
Dec 13, 1990	Bank of Commerce	Alexandria, LA	$19.6M	The Evangeline Bank and Tru
Dec 13, 1990	First State Bank	Lexington, OK	$7.5M	The McClain County National
Dec 12, 1990	New England Allbank for Savings	Gardner, MA	$173.3M	Worcester County Institutio
Dec 7, 1990	Central Federal Savings	Mineola, NY	$890.8M	Chemical Bank
Dec 7, 1990	First Federal Savings	Raleigh, NC	$520.4M	Branch sale
Dec 7, 1990	Andrews Savings & Loan Assoc.	Andrews, TX	$126.1M	Branch sale
Dec 7, 1990	Texarkana FS & La	Texarcana, AR	$40.4M	Citizens NB
Dec 7, 1990	Heights Bank	Harker Heights, TX	$28.8M	Heights State Bank
Dec 7, 1990	First National Bank of Rowlett	Rowlett, TX	$20.5M	U.S. Trust Company of Texas
Dec 6, 1990	Douglas County National Bank	Parker, CO	$5.4M	City Center National Bank
Nov 30, 1990	San Jacinto Savings	Houston, TX	$2.87B	United Sa of TX, FSB
Nov 30, 1990	Edison FSA	New York, NY	$140.1M	Flushing SB
Nov 30, 1990	First Sa	Paragould, AR	$64.1M	Peoples Bank
Nov 30, 1990	First FSA of Nacogdoches	Nacogdoches, TX	$61.9M	Citizens Bank
Nov 30, 1990	First Southwest FS & La	Tyler, TX	$51.2M	Citizens Bank
Nov 30, 1990	Atascosa Sa	Jourdanton, TX	$34.7M	Deposit payout
Nov 30, 1990	Tuskegee S & La	Tuskegee, AL	$31.8M	First Tuskegee Bank
Nov 30, 1990	Boundary Waters State Bank	Ely, MN	$13.4M	Stearns County National Ban
Nov 29, 1990	Bank of Arlington	Arlington, TX	$63.6M	Bank One, Texas, National a
Nov 29, 1990	Farmers State Bank of Madisonvillle	Madisonville, TX	$34.8M	First Bank
Nov 16, 1990	Southeastern Savings Bank	Charlotte, NC	$422.3M	Branch sale
Nov 16, 1990	First Federal Savings Assoc.	Las Vegas, NM	$55.4M	Bank of NM, & Las Vegas
Nov 16, 1990	Liberty Federal Savings Bank	Montebello, CA	$53.8M	Commerce NB
Nov 15, 1990	Action Federal Savings	Sommers Point, NJ	$262.0M	First FSB of DE
Nov 15, 1990	Western Bank	Duncanville, TX	$39.8M	Western Bank & Trust
Nov 9, 1990	Florida Federal Savings Bank	St. Petersburg, FL	$4.12B	First Union Corp.
Nov 9, 1990	Freedom National Bank of New York	New York, NY	$110.4M	—
Nov 9, 1990	Louisiana Federal Savings Bank	Kenner, LA	$58.8M	Deposit payout
Nov 9, 1990	Executive Banc Sa	New Braunfels, TX	$16.2M	Victoria B&TC
Nov 2, 1990	Riverside Savings Bank	Riverside, NJ	$177.8M	Branch sale
Nov 2, 1990	Boonslick S & La	Boonville, MO	$70.2M	Branch sale
Nov 2, 1990	Desoto FS & La	Mansfield, LA	$63.9M	Deposit payout

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 31, 1990	Lincoln County School Employees Credit Union	MT	Lincoln County Credit Union
Dec 31, 1990	Halstead Employees Federal Credit Union	PA	Beaver Valley Federal Credit Union
Dec 31, 1990	Bank of New England - Old Colony, National Association	MA	Bank of New England, N.A.
Dec 31, 1990	Southland Bank of Dothan	AL	Southland Bank b/b/a Ameris
Dec 31, 1990	Plough's Credit Union	TN	Synergy Bank
Dec 31, 1990	Prudential Bancorp	CA	Orange Bancorp
Dec 31, 1990	Washington Trust Equity Corporation	WA	Washington Trust Bank
Dec 31, 1990	Miami Agency, Inc.	KS	Team Financial, Inc.
Dec 31, 1990	Stupp Corporation	LA	Stupp Bros., Inc.
Dec 31, 1990	Independent Community Bancshares, Inc.	WI	Valley Bancorporation
Dec 31, 1990	Johnson Heritage Bancorp, Ltd.	WI	Johnson Financial Group, Inc.
Dec 31, 1990	HFB Corp	IL	HNB Corp.
Dec 31, 1990	Village Ventures, Inc.	NY	Village Bank
Dec 31, 1990	Village Investors Corp.	NY	Village Bank
Dec 31, 1990	South Main Street Properties Inc.	VA	Village Bank
Dec 31, 1990	Village Services, Inc.	NY	Village Bank
Dec 31, 1990	Builders Engineering Company	MO	Stupp Bros., Inc.
Dec 31, 1990	Dominion Bank of Northern Virginia, National Association	VA	First Union National Bank of Virginia
Dec 30, 1990	VSB Service Corporation	VA	Village Bank
Dec 30, 1990	Airport State Bank of Duluth	MN	North Shore Bank of Commerce
Dec 29, 1990	Safrabank	FL	SafraBank National Association
Dec 29, 1990	First Bank & Trust	KS	UMB-First Bank & Trust, National Association
Dec 29, 1990	National Van Employees Credit Union	IL	Bensenville Community Credit Union
Dec 29, 1990	Dominion Bank of Richmond, National Association	VA	First Union National Bank of Virginia
Dec 29, 1990	Grantsburg Community Federal Credit Union	WI	Indianhead Credit Union
Dec 28, 1990	(unnamed)	—	Mineral King National Bank
Dec 28, 1990	First State Bancorp of Harvey	IL	First Mutual Bancorp of Illinois, Inc.
Dec 28, 1990	Mercantile Bank of Washington County	MO	Mercantile Bank of the Mineral Area
Dec 27, 1990	Hebron Credit Union	ND	Western Cooperative Credit Union
Dec 26, 1990	Banque De L'Union Europeene	—	Credit Industriel Et Commercial
Dec 22, 1990	First National Bank	KS	Emprise Bank, National Association
Dec 21, 1990	Apsb Bancorp	CA	American Pacific State Bank
Dec 20, 1990	Mountain Credit Corporation	KY	The Bank of Whitesburg
Dec 19, 1990	Old Bucks Building and Loan Association	NJ	The Community National Bank of New Jersey
Dec 19, 1990	The Peoples Bank of Harrington	DE	Wilmington Trust Company
Dec 18, 1990	Graphic Arts Credit Union	PA	Trumark Credit Union
Dec 18, 1990	Northern Cities Bancorporation, Inc.	MN	U.S. Bancorp
Dec 18, 1990	Madv Cu	PA	Trumark Credit Union
Dec 17, 1990	SCR Employee Credit Union	NY	Boulevard Federal Credit Union
Dec 17, 1990	Central of Illinois, Inc.	IL	AMCORE Financial, Inc.
Dec 17, 1990	Security State Bank	ND	United Bank of Bismarck
Dec 17, 1990	Victory Building & Loan Association	NJ	Susquehanna Bank DV
Dec 16, 1990	State Savings Bank, National Association	CT	Fleet National Bank
Dec 15, 1990	SouthTrust Bank of Henry County	AL	SouthTrust Bank of Dothan, National Association
Dec 15, 1990	Shawmut Bank of Rhode Island	RI	State Savings Bank, National Association
Dec 15, 1990	First Interstate Bank of Spencer, National Association	IA	Boatmen's National Bank of Northwest Iowa
Dec 15, 1990	Norwest National Bank	MN	Wells Fargo Bank Minnesota, National Association
Dec 14, 1990	Warrick National Bank	IN	Old National Bank
Dec 14, 1990	Warrick Financial Corporation	IN	Old National Bancorp
Dec 14, 1990	Kanopolis Bankshares, Inc.	KS	First State Management Corporation, Inc.

The list holds 500 of the 973 mergers recorded for 1990.

Enforcement Actions in 1990

Action date	Agency	Institution	Action
Nov 16, 1990	OCC_OTS	(individual)	Civil Money Penalty: Thomas G. Estes
Nov 16, 1990	OCC_OTS	(individual)	Civil Money Penalty: Tommy M. Parker
Nov 16, 1990	OCC_OTS	(individual)	Civil Money Penalty: leland E. Whitten
Nov 15, 1990	OCC	First National Bank of Ingleside	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Ingleside
Nov 14, 1990	OCC	Texas National Bank of Jacksonville	Civil Money Penalty (CMP): Brown, Edwin
Nov 14, 1990	OCC	(individual)	Civil Money Penalty (CMP): Brown, Edwin
Nov 14, 1990	OCC	Texas National Bank of Jacksonville	Civil Money Penalty (CMP): Brown II, Edwin
Nov 14, 1990	OCC	(individual)	Civil Money Penalty (CMP): Brown II, Edwin
Nov 14, 1990	OCC	Hamilton Bank, N.A.	Civil Money Penalty (CMP): Frazier, Ronald
Nov 14, 1990	OCC	(individual)	Prohibition/Removal Orders: Brown II, Edwin
Nov 14, 1990	OCC	Hamilton Bank, N.A.	Civil Money Penalty (CMP): Vidal, Juan
Nov 14, 1990	OCC	Hamilton Bank, N.A.	Civil Money Penalty (CMP): Mesnekoff, David
Nov 14, 1990	OCC	Independent Bank East N.A.	Civil Money Penalty (CMP): Lokey, Paul E.
Nov 14, 1990	OCC	(individual)	Prohibition/Removal Orders: Brown, Edwin
Nov 14, 1990	OCC	Texas National Bank of Jacksonville	Prohibition/Removal Orders: Brown, Edwin
Nov 14, 1990	OCC	Texas National Bank of Jacksonville	Prohibition/Removal Orders: Brown II, Edwin
Nov 14, 1990	OCC	Independent, Inc.	Civil Money Penalty (CMP): Lokey, Paul E.
Nov 14, 1990	OCC	Independent Bank N.A.	Civil Money Penalty (CMP): Lokey, Paul E.
Nov 14, 1990	OCC	Hamilton Bank, N.A.	Civil Money Penalty (CMP): Fleites, Raymond
Nov 13, 1990	OCC	Harbor National Bank of Connecticut	Civil Money Penalty (CMP): Harbor National Bank
Nov 9, 1990	OCC_OTS	Executive Savings and Loan Association	Cease and Desist: Executive Bank, F.S.B.
Nov 6, 1990	OCC	The First National Bank of Braman	Civil Money Penalty (CMP): Avery, Mickey M.
Nov 5, 1990	FRB	(individual)	Civil Money Penalty $5,000: Sherwin Willens
Nov 2, 1990	OCC_OTS	(individual)	Cease and Desist: First Standard Savings Bank
Nov 1, 1990	OCC_OTS	Home Federal Savings and Loan Association of Ada	Orders of Removal/Prohibition: Frederick R. Dale
Oct 31, 1990	OCC_OTS	Fidelity Federal Savings and Loan Association	Orders of Removal/Prohibition: Charles Brent Madding
Oct 31, 1990	OCC_OTS	Capitol Federal Financial	Orders of Removal/Prohibition: Richard T. Schaeffer
Oct 30, 1990	OCC	Southwest National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Southwest National Bank
Oct 29, 1990	OCC_OTS	First Federal Savings Association of Toledo	Cease and Desist: Lucius J. Sears
Oct 29, 1990	OCC_OTS	First Federal Savings Association of Toledo	Cease and Desist: Dempsey M. Humphries, Jr.
Oct 25, 1990	OCC_OTS	Lemont Federal Savings Association	Supervisory Agreement: Lemont Savings Association
Oct 24, 1990	FRB	(individual)	Civil Money Penalty $2,500: C.M. Newton, Jr.
Oct 24, 1990	FRB	(individual)	Civil Money Penalty $2,500: C.M. Newton, III
Oct 24, 1990	OCC	Liberty National Bank	Civil Money Penalty (CMP): Palmer, Gary A.
Oct 24, 1990	OCC	Liberty National Bank	Civil Money Penalty (CMP): Key, Joe E.
Oct 24, 1990	OCC	Liberty National Bank	Civil Money Penalty (CMP): Garvey, John C.
Oct 24, 1990	OCC	Liberty National Bank	Civil Money Penalty (CMP): Eschberger, John
Oct 24, 1990	OCC	Liberty National Bank	Civil Money Penalty (CMP): Douglass, William F.
Oct 24, 1990	OCC	Liberty National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Eschberger, John
Oct 22, 1990	OCC_OTS	Plymouth Savings Bank	Cease and Desist: Plymouth Federal Savings Bank
Oct 22, 1990	OCC_OTS	(individual)	Cease and Desist: David L. Paul
Oct 22, 1990	OCC_OTS	Monycor Federal Savings Bank	Civil Money Penalty: Scott J. Teigen
Oct 22, 1990	OCC_OTS	Monycor Federal Savings Bank	Civil Money Penalty: Michael V. Masterson
Oct 22, 1990	OCC_OTS	Monycor Federal Savings Bank	Civil Money Penalty: Henry C. Martinsen
Oct 22, 1990	OCC_OTS	Monycor Federal Savings Bank	Civil Money Penalty: Donald P. Zeitlow
Oct 22, 1990	OCC_OTS	(individual)	Civil Money Penalty: Peoples Federal Savings Bank
Oct 22, 1990	OCC_OTS	Centrust Federal Savings Bank	Cease and Desist: Edward D.G. Davies
Oct 22, 1990	OCC_OTS	North Akron Savings Association	Supervisory Agreement: North Akron Savings Association
Oct 20, 1990	OCC_OTS	First Federal Savings Association of Toledo	Cease and Desist: James W. Blumer
Oct 19, 1990	OCC_OTS	Atascosa Savings, A Federal Savings Bank	Civil Money Penalty: Atascosa Savings Association, a Federal Savings Bank

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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