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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
Apr 19, 1990 First State Bank of Crandall Crandall, TX $15.8M The American National Bank
Apr 19, 1990 Security National Bank of Elgin Elgin, TX $10.8M Elgin Bank of Texas
Apr 19, 1990 Corinth Deposit National Bank Corinth, KY $8.7M The National Bank of Corint
Apr 18, 1990 The Seamen's Bank of Savings, FS New York, NY $3.39B The Chase Manhattan Bank(na
Apr 12, 1990 First Federal Savings & Loan Warner Robins, GA $150.1M CB&T Bank of Middle Ga
Apr 12, 1990 Constitution Fed. Savings Assoc. Monterey Park, CA $66.4M Deposit payout
Apr 12, 1990 The Bazine State Bank Bazine, KS $16.9M Farmers Bank & Trust, Natio
Apr 5, 1990 Colony Savings Bank, FSB Monaca, PA $427.5M Branch sale
Apr 5, 1990 Champions Point National Bank Houston, TX $20.6M Northwest Bank
Apr 5, 1990 First Bank & Trust Company Cedar Hill, TX $13.8M NCNB Texas National Bank
Mar 30, 1990 Everman National Bank of Fort Worth Fort Worth, TX $65.9M Bank One, Texas, National a
Mar 30, 1990 Imperial Bank Coral Gables, FL $23.2M Commercebank, National Asso
Mar 29, 1990 Crown Bank, N.A. San Antonio, TX $22.8M First City,texas-San Antoni
Mar 29, 1990 First National Bank of Garland Garland, TX $9.4M State Bank of Texas
Mar 29, 1990 Alvord National Bank Alvord, TX $7.6M The First National Bank of
Mar 22, 1990 The Central National Bank of San Angelo San Angelo, TX $147.4M First National Bank at Lubb
Mar 22, 1990 Miami National Bank Miami, FL $46.4M Commercebank, National Asso
Mar 22, 1990 Community Bank New Caney, TX $42.0M Channelview Bank
Mar 22, 1990 American Bank of Arlington Arlington, TX $28.3M Banc One, Texas, National a
Mar 22, 1990 The Waller Bank, N.A. Waller, TX $13.4M First Bank Navasota
Mar 16, 1990 Pacific Coast S & La San Francisco, CA $1.04B East-West FB, FSB
Mar 16, 1990 Whitestone Savings Whitestone, NY $396.9M Astoria FS&LA
Mar 16, 1990 Nasau Federal Savings & Loan Brooklyn, NY $296.8M Staten Island SB
Mar 16, 1990 First America FSB Longmont, CO $187.4M Branch sale
Mar 16, 1990 Great American FS & La Corinth, MS $159.2M Deposit payout
Mar 16, 1990 First FS & La of Wichita Falls Wichita Falls, TX $84.8M Deposit payout
Mar 16, 1990 Lakeland Savings Bank FSB Detroit Lakes, MN $79.6M First Security State Bank
Mar 16, 1990 United Federal Savings, F.A. New Orleans, LA $53.2M United B&TC
Mar 16, 1990 Sun Federal Savings Assoc. Fort Dodge, IA $24.3M Ida County State Bank
Mar 15, 1990 Bank of Meeker Meeker, OK $15.5M First State Bank
Mar 15, 1990 Liberty City State Bank Liberty City, TX $15.2M The First National Bank of
Mar 15, 1990 Independent National Bank Phoenix, AZ $12.4M Citibank(arizona)
Mar 9, 1990 Nassau S & La Princeton, NJ $313.1M Penn SB, FSB
Mar 9, 1990 Yorkwood S & La Maplewood, NJ $205.3M Branch sale
Mar 9, 1990 Westport Federal Savings Bank Hanford, CA $169.6M Deposit payout
Mar 9, 1990 Peoples FS & La Bartlesville, OK $105.5M WestStar Bank N.A.
Mar 9, 1990 Investors Savings Bank Nashville, TN $81.1M Amsouth Bank of TN
Mar 9, 1990 Hiawatha Savings & Loan Hiawatha, KS $49.2M Morrill & Janes B&TC
Mar 9, 1990 First Bank N.A. Cleveland, OH $33.1M —
Mar 8, 1990 University National Bank of College Statio College Station, TX $36.3M First American Bank
Mar 8, 1990 Farmers State Bank Schulenberg, TX $32.7M First Bank
Mar 8, 1990 Citizens National Bank Denton, TX $16.2M Texas Bank
Mar 2, 1990 Pima S & La Tucson, AZ $2.73B Bank of America, Az
Mar 2, 1990 North Carolina FS & La Charlotte, NC $628.1M First Citizens B&TC
Mar 2, 1990 Security FS & La Richmond, VA $341.6M Crestar Bank
Mar 2, 1990 Haven FS & La Winter Haven, FL $172.4M Barnett Bank of Polk County
Mar 2, 1990 New Athens FS & La New Athens, IL $30.4M United Il Bank of New Athen
Mar 1, 1990 Search National Bank Dallas, TX $21.2M Hibernia National Bank in T
Mar 1, 1990 First National Bank of Sanger Sanger, TX $19.7M The Gainesville National Ba
Mar 1, 1990 Community State Bank of Onalaska Onalaska, TX $9.7M The Bank of Livingston

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
Oct 1, 1990 Potomac Bancorp, Inc. WV WM Bancorp
Oct 1, 1990 Arvin Employees Credit Union IN Centra Credit Union
Oct 1, 1990 Georgia Episcopal Fcu GA The Southern Credit Union
Oct 1, 1990 Metropolitan Federal Bank Minnesota Federal Savings Bank MN First Bank, Federal Savings Bank
Oct 1, 1990 Pilgrim Empl Fcu GA Fort Gordon and Community Credit Union
Oct 1, 1990 Statesman Insurance Employees Federal Credit Union IN Forum Credit Union
Oct 1, 1990 Rajco Credit Union, Inc. KY C & O United Credit Union
Oct 1, 1990 (unnamed) — The Shelby State Bank
Oct 1, 1990 Greyhound Mid-America Credit Union MO Mazuma Credit Union
Oct 1, 1990 D a I Employees Federal Credit Union IL North Side L Federal Credit Union
Oct 1, 1990 First National Bank of Central Jersey NJ National Westminster Bank USA
Oct 1, 1990 N.L.R. Uniformed Employees Federal Credit Union AR Arkansas Federal Credit Union
Oct 1, 1990 Maryland State Bank MD Bank of Maryland
Oct 1, 1990 (unnamed) — First of America Bank-Quad Cities, National Association
Oct 1, 1990 Bank of Maryland - Montgomery County MD Bank of Maryland
Oct 1, 1990 Miami Childrens Hospital Credit Union FL Tropical Financial Credit Union
Oct 1, 1990 Rainier Federal Credit Union WA Qualstar Credit Union
Oct 1, 1990 Pirse Federal Credit Union PA Fedchoice Federal Credit Union
Oct 1, 1990 Bay National Bank MD Bank of Maryland
Oct 1, 1990 Junction State Bank WI Bank of Athens
Oct 1, 1990 First of America Bank-Ottawa IL First of America Bank-DeKalb, National Association
Oct 1, 1990 Aerovox Employees Credit Union MA First Citizens Federal Credit Union
Oct 1, 1990 Metropolitan Federal Bank of Iowa IA First Bank, Federal Savings Bank
Oct 1, 1990 Shenango Valley Federal Credit Union PA Mercer County Community Federal Credit Union
Oct 1, 1990 Cornerstone Bank NH BayBank NH, National Association
Oct 1, 1990 Marshall Field and Company Employees Credit Union IL Bestsource Credit Union
Oct 1, 1990 Firestone Factory Employees Credit Union, Inc. OH B F G Federal Credit Union
Oct 1, 1990 (unnamed) — Corestates Bank, National Association
Oct 1, 1990 C T a General Office Federal Credit Union IL North Side L Federal Credit Union
Oct 1, 1990 Industrial Workers Fcu GA Augusta Metro Federal Credit Union
Oct 1, 1990 Bank of Oklahoma, Claremore OK RCB Bank
Oct 1, 1990 North Park Garage Federal Credit Union IL 77th Street Depot Federal Credit Union
Oct 1, 1990 C C East Federal Credit Union GA Kinetic Credit Union
Oct 1, 1990 Mcea West Virginia Federal Credit Union WV Chessie Federal Credit Union
Oct 1, 1990 Citrus CMNTY Fcu FL Martin Federal Credit Union
Oct 1, 1990 C&S Credit Union MI Credit Union One
Oct 1, 1990 Garrett Freightlines Employees Federal Credit Union ID Rails West Federal Credit Union
Oct 1, 1990 Anchor Savings and Loan Association IN Citizens Financial Bank
Oct 1, 1990 Wisconsin United Methodist Credit Union WI Pioneer Credit Union
Oct 1, 1990 LaSalle National Bank IL LaSalle Bank National Association
Oct 1, 1990 Citizens Credit Union MI Genisys Credit Union dba Genisys Investment Services
Oct 1, 1990 First America Bank - Mt. Pleasant MI First of America Bank - Mid Michigan, National Association
Oct 1, 1990 Caddo Parish Credit Union LA Wesla Federal Credit Union
Sep 30, 1990 Southern Humboldt Grangers Credit Union CA Butte Federal Credit Union
Sep 30, 1990 Shawsville Bancorp, Incorporated VA Premier Bankshares Corporation
Sep 30, 1990 Salon Credit Union CA California Bear Credit Union
Sep 30, 1990 Clark County Schools Credit Union, Inc. OH Heartland Federal Credit Union
Sep 30, 1990 The First National Bank of Boscobel WI Clare Bank, N.A.
Sep 30, 1990 Citizens State Bank WI Clare Bank, N.A.
Sep 30, 1990 The Bloomington State Bank WI Clare Bank, N.A.

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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