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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
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 1, 1990 NBD F & M Bank, National Association MI Bank One, Michigan
Nov 1, 1990 First Federal Savings and Loan Association SC First Palmetto Bank
Nov 1, 1990 Affiliated Bank/DuPage IL Lasalle Bank Illinois
Nov 1, 1990 First Wisconsin Northwestern National Bank of Milwaukee WI Firstar Bank Milwaukee, National Association
Nov 1, 1990 (unnamed) — Union National Bank of Arkansas Little Rock
Nov 1, 1990 NBD Northwest Bank, National Association MI Bank One, Michigan
Nov 1, 1990 NBD Monroe County Bank MI Bank One, Michigan
Nov 1, 1990 Decatur-Macon County Catholic Credit Union IL Staley Credit Union
Nov 1, 1990 City of Harvey Employees Credit Union IL Sherwin Williams Employees Credit Union
Nov 1, 1990 Affiliated Bank/Western National IL Lasalle Bank Illinois
Nov 1, 1990 Affiliated Bank/North Shore National IL Lasalle Bank Illinois
Nov 1, 1990 Pheoll Employees Credit Union IL Central Credit Union of Illinois
Nov 1, 1990 Old Kent Bank IL Old Kent Bank, National Association
Nov 1, 1990 NBD Battle Creek, National Association MI Bank One, Michigan
Oct 31, 1990 Buchanan County Credit Union IA Veridian Credit Union
Oct 29, 1990 Bank of New England - West, National Association MA Bank of New England, N.A.
Oct 27, 1990 First Texas Bank TX Lockwood National Bank of Houston
Oct 27, 1990 Dairyman's State Bank WI Bank One, Beaver Dam
Oct 26, 1990 The National Bank of Commerce of Nitro WV Huntington Bank Charleston N.A.
Oct 26, 1990 American Bank of Chattanooga Financial Corp GA SunTrust Bank, Chattanooga, National Association
Oct 24, 1990 Illinois Center Bancorporation, Inc. IL Lake Shore Bancorp, Inc.
Oct 24, 1990 Valley Center Bancshares, Inc. KS INTRUST Financial Corporation
Oct 20, 1990 The Torrance National Bank CA California United Bank
Oct 20, 1990 Star Banc Corporation, Northern Kentucky No. 1 KY Star Bank, National Association, Kentucky
Oct 20, 1990 Commercial National Bank and Trust Company LA Union Planters Bank of Louisiana
Oct 19, 1990 Shawmut Bank of Franklin County MA Fleet National Bank of Massachusetts
Oct 19, 1990 Shawmut First Bank and Trust Company MA Fleet National Bank of Massachusetts
Oct 19, 1990 Shawmut Bank of Hampshire County, National Association MA Fleet National Bank of Massachusetts
Oct 19, 1990 The National Bank of Commerce of South Charleston WV Huntington Bank Charleston N.A.
Oct 17, 1990 Hawthorne Investment Co. Inc MA Malden Trust Company
Oct 16, 1990 N I M C Credit Union IA North Iowa Community Credit Union
Oct 15, 1990 Village Savings Bank NH The Monadnock Bank
Oct 15, 1990 Lone Rock Investments, Inc. WI Royal Bancshares, Inc.
Oct 13, 1990 Star Bank, Northern Kentucky KY Star Bank, National Association, Kentucky
Oct 12, 1990 First NH Banks, Inc. NH Bank of Ireland First Holdings, Inc.
Oct 12, 1990 Western Community Bancorp CA Western Community Bank
Oct 10, 1990 Uiu Local 48 Credit Union OH Steel Valley Federal Credit Union
Oct 10, 1990 RBC Holdings (Delaware) Inc. DE RBC Holdings (Delaware) Inc.
Oct 8, 1990 Harvard Building Corporation OK The F&M Bank & Trust Company
Oct 6, 1990 Citibank (Utah) UT KeyBank National Association
Oct 2, 1990 Metropolitan Holding Company, Inc. MD Baltimore Bancorp
Oct 2, 1990 SS&D Credit Union TX Eastex Credit Union
Oct 2, 1990 Ae Employees Federal Credit Union MS Southern Security Federal Credit Union
Oct 1, 1990 Peoples Bank of Central Virginia VA F & M Bank/Central Virginia
Oct 1, 1990 Bank of Maryland - Carroll County MD Bank of Maryland
Oct 1, 1990 East Bonneville Credit Union ID A+ Credit Union
Oct 1, 1990 Stetson Univ Cu FL Florida Baptist Credit Union
Oct 1, 1990 Bank of Maryland - Harford County MD Bank of Maryland
Oct 1, 1990 Exchange Bank of DuPage, Oak Brook, Illinois IL La Salle Bank Westmont
Oct 1, 1990 Charter Bank Group, Inc. IL First Chicago NBD Corporation

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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