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
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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