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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
Sep 30, 1990 Childrens Hospital of Pittsburgh Federal Credit Union PA Greater Pittsburgh Federal Credit Union
Sep 30, 1990 The Krakauer Fcu PA Pannonia Federal Credit Union
Sep 30, 1990 Teamsters Local 107 Federal Credit Union PA Sun East Federal Credit Union
Sep 30, 1990 Farmers and Merchants Bank WI Clare Bank, N.A.
Sep 29, 1990 Simonds Employees Credit Union MA I C Federal Credit Union
Sep 29, 1990 Hardin, Inc. NE Central Bancshares, Inc.
Sep 29, 1990 Cape County Bank MO Union Planters Bank of Southeast Missouri
Sep 29, 1990 Farmers and Merchants Bank NE First Central Bank
Sep 28, 1990 Health Employees & Related Organization Fcu PA C-B-W School Federal Credit Union
Sep 28, 1990 United Bancshares of Nebraska, Inc. NE Ameriwest Corporation
Sep 28, 1990 Progressive Building & Loan Association NJ Susquehanna Bank DV
Sep 27, 1990 Carteret County Federal Credit Union NC First Flight Federal Credit Union
Sep 27, 1990 Biehl Nohoga Federal Credit Union TX Members Trust of the Southwest Federal Credit Union
Sep 26, 1990 Valley Mart Employees Federal Credit Union TX South Texas Federal Credit Union
Sep 26, 1990 F&M Bank, National Association WI Associated Bank North
Sep 26, 1990 Norwood Federal Savings Bank IL Deerfield Federal Savings and Loan Association
Sep 25, 1990 D.S.E. Credit Union NY Radius Federal Credit Union
Sep 24, 1990 United Bank, National Association TX Texas Commerce Bank-Midland, National Association
Sep 22, 1990 First Florida Bank of Orange County, National Association FL (unnamed)
Sep 21, 1990 Coastal National Bank TX Texas Gulf Bank, N.A.
Sep 21, 1990 The National Bank of Northern Virginia VA Crestar Bank
Sep 21, 1990 Chemical National Bank TX Texas Gulf Bank, N.A.
Sep 21, 1990 Alvin National Bank TX Texas Gulf Bank, N.A.
Sep 21, 1990 Farmers Bank of Grant City/Sheridan MO Bank Midwest, N.A.
Sep 20, 1990 E E L Federal Credit Union NC Hamlet Federal Credit Union
Sep 19, 1990 Park Falls State Bank WI MidAmerica Bank North
Sep 17, 1990 St. John:s Home Federal Credit Union NY Rochester & Monroe County Employees Federal Credit Union
Sep 17, 1990 Purdue Student Federal Credit Union IN Purdue Federal Credit Union
Sep 15, 1990 University Credit Union TX Evolve Federal Credit Union
Sep 14, 1990 The National Bank of Commerce of Belle WV Huntington Bank Charleston N.A.
Sep 14, 1990 Leigh Corporation NE Citizens National Corporation
Sep 14, 1990 First Federal Savings and Loan Association of Macon Co IL Soy Capital Bank and Trust Company
Sep 13, 1990 Canadian Imperial Holding Company NY Canadian Imperial Holdings Inc.
Sep 13, 1990 G.S.W. Building Corporation TX Merchants Bancshares, Inc.
Sep 11, 1990 Toddler Cu TN Tennessee Valley Federal Credit Union
Sep 10, 1990 Fifth Third Bank of Eastern Indiana IN The Fifth Third Bank of Southeastern Indiana
Sep 10, 1990 Exchange Bank of Lake County IL LaSalle Bank Northbrook
Sep 10, 1990 Society Bank, Lenawee MI KeyBank National Association
Sep 9, 1990 (unnamed) — Banco Popular, Illinois
Sep 8, 1990 Valley Bank, Sun Prairie WI Valley Bank
Sep 8, 1990 Community Federal Savings and Loan Association NJ World Savings and Loan Association, A Federal Savings and Loan Associati
Sep 8, 1990 Valley Bank of Oregon WI Valley Bank
Sep 7, 1990 Shawmut Arlington Trust Company MA Fleet National Bank of Massachusetts
Sep 5, 1990 Madison County Bank & Trust IN Citizens Banking Company
Sep 4, 1990 Neltner Employees Federal Credit Union KY Trupartner Credit Union, Inc.
Sep 4, 1990 Esselte Federal Credit Union NY People's Alliance Federal Credit Union
Sep 1, 1990 Americana Bank of Danube MN Excel Bank Minnesota
Sep 1, 1990 Sug Credit Union TX Capitol Credit Union
Sep 1, 1990 Elkhorn Bankshares Corporation WI Firstar Corporation of Wisconsin
Sep 1, 1990 First State Bank IA Liberty Bank & Trust

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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