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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
Feb 23, 1990 Imperial Federal Savings Assoc. San Diego, CA $9.58B Branch sale
Feb 23, 1990 Mercury Savings Huntington Beach, CA $2.16B Security Pacific NB, N.A.
Feb 23, 1990 First Atlantic S & La Plainfield, NJ $1.30B Branch sale
Feb 23, 1990 Texasbanc Savings Conroe, TX $248.8M Guaranty FSB
Feb 23, 1990 Provident Sa Casper, WY $244.9M Key Bank of WY - Casper
Feb 23, 1990 Nowlin Sa Ft. Worth, TX $200.5M Comerica Bank-TX
Feb 23, 1990 Vanguard SB Vandergrief, PA $176.9M S&T Bank
Feb 23, 1990 Frontier FS & La Walla Walla, WA $146.9M Washington Mutual
Feb 23, 1990 Community Federal Savings Bank East Moline, IL $112.0M Branch sale
Feb 23, 1990 First Standard Fed. Savings Assoc. Fairmont, WV $77.6M Community B&T, N.A.
Feb 23, 1990 First Federal Sav. ASSOC./BLUEFIELD Bluefield, WV $39.3M First FSB
Feb 23, 1990 The Bank of Ruidoso Ruidoso, NM $27.8M United New Mexico Bank at a
Feb 23, 1990 Greenwood FS & La Greenwood, MS $26.7M Magnolia FB for Savings
Feb 23, 1990 The Red River Bank Red River, NM $6.5M Centinel Bank of Taos
Feb 22, 1990 The First State Bank of Regent Regent, ND $9.7M First National Bank
Feb 21, 1990 The Ben Franklin FS & La Portland, OR $4.62B Bank of America, FSB
Feb 16, 1990 Franklin FSA Ottawa, KS $9.26B Branch sale
Feb 16, 1990 Great American FS & La Oak Park, IL $1.01B Branch sale
Feb 16, 1990 State FS & La Tulsa, OK $526.3M Branch sale
Feb 16, 1990 Western Empire FS & La Yorba Linda, CA $406.6M Southern California Bank
Feb 16, 1990 Freedom Sa Columbus, OH $360.4M Branch sale
Feb 16, 1990 Heritage FSB Omaha, NE $225.0M Branch sale
Feb 16, 1990 Equitable S & La, F.A. Columbus, NE $73.2M Conservative SB, FSB
Feb 16, 1990 Fidelity Savings Bank Danville, IL $16.3M First Midwest Bank
Feb 15, 1990 Huffman Bank Huffman, TX $22.0M Channelview Bank
Feb 15, 1990 Northway National Bank Dallas, TX $19.1M City National Bank of Carro
Feb 15, 1990 Gateway National Bank Phoenix, AZ $8.6M Citibank (Arizona)
Feb 9, 1990 Abq Bank, a FSB Albuquerque, NM $2.02B Bank of America NM, N.A.
Feb 9, 1990 American Federal Savings Assoc. Des Moines, IA $910.7M Branch sale
Feb 9, 1990 Vermont Sa Timonium, MD $334.9M First NB of MD
Feb 9, 1990 Huntington FS & La Huntington Beach, CA $120.4M American SB, F.A.
Feb 9, 1990 Liberty Savings Bank FSB Randallstown, MD $49.5M Royal Oak SB, FSA
Feb 9, 1990 Fairmont Federal Savings Assoc. Fairmont, MN $46.0M First Farmers & Merchant NB
Feb 8, 1990 The First National Bank of Colbert Colbert, OK $17.9M The Durant Bank & Trust Com
Feb 2, 1990 Centrust Bank, SB Miami, FL $8.22B Great Western Bank, FSB
Feb 2, 1990 Pioneer Savings Bank, FSB Clearwater, FL $1.94B Great Western Bank, FSB
Feb 2, 1990 Clyde FS & La North Riverside, IL $574.7M Mid-City NB of Chicago
Feb 2, 1990 Sentinel FS & La Phoenix, AZ $174.9M Biltmore Investors Bank, N.A.
Feb 2, 1990 Henderson Home S & La Henderson, KY $50.4M Farmers B&TC
Feb 2, 1990 Citizens National Bank of Walnut Ridge Walnut Ridge, AR $37.5M The Lawrence County Bank
Feb 2, 1990 Commerce Bank of Tampa Tampa, FL $21.6M Southern Exchange Bank
Feb 1, 1990 Tyler National Bank Tyler, TX $24.7M NCNB Texas National Bank
Jan 31, 1990 Merabank FSB Phoenix, AZ $6.32B Branch sale
Jan 26, 1990 Monroe Savings Bank, FSB Rochester, NY $520.6M Manufacturers & Traders Tru
Jan 26, 1990 Banctexas Dallas, N.A. Dallas, TX $340.9M Hibernia National Bank in T
Jan 26, 1990 Williamsburg FS & La Salt Lake City, UT $310.5M Branch sale
Jan 26, 1990 Colonial S & La Cape Girardeau, MO $170.9M Branch sale
Jan 26, 1990 First Savings Assoc. Bismark, ND $113.4M Metropolitan FB, FSB
Jan 26, 1990 Creditbank Cutler Ridge, FL $76.4M Capital Bank
Jan 26, 1990 Palo Duro FS & La Amarillo, TX $65.0M Citizens State Bank of Dalh

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
Jul 1, 1990 Babw Federal Credit Union PA Apex Community Federal Credit Union
Jul 1, 1990 First Interstate Bank of Great Falls MT First Interstate Bank of Montana, National Association
Jul 1, 1990 First Interstate Bank of Glacier County MT First Interstate Bank of Montana, National Association
Jul 1, 1990 Society Bank, Angola, National Association IN Society National Bank, Indiana
Jul 1, 1990 Riverside Community Credit Union WI Fox Communities Credit Union
Jul 1, 1990 Galaxy Federal Credit Union PA Little Giant Federal Credit Union
Jul 1, 1990 Warren Bank MI Macomb Warren Bank
Jul 1, 1990 Mhi-Npes Fcu FL Tropical Financial Credit Union
Jul 1, 1990 Knights of Columbus of Western Michigan Federal Credit Union MI Credit Union One
Jul 1, 1990 Union Federal Savings Bank IN Union Federal Bank of Indianapolis
Jul 1, 1990 Greater Charlotte Federal Credit Union NC Alero Financial Credit Union
Jul 1, 1990 MSHD-VI Fcu MS Mississippi Department of Transportation Federal Credit Union
Jul 1, 1990 Lancaster County Employees Credit Union PA Lancaster Red Rose Credit Union
Jul 1, 1990 JWC Empl Fcu FL Gte Federal Credit Union dba Gte Financial
Jul 1, 1990 Society Bank, Knox IN Society National Bank, Indiana
Jul 1, 1990 California Conference Credit Union CA Interfaith Federal Credit Union
Jul 1, 1990 Georgetown National Bank TX Hartland Bank, National Association
Jul 1, 1990 CYS Federal Credit Union MD Nymeo Federal Credit Union
Jul 1, 1990 First of America Bank - Alpena MI First of America Bank - Northern Michigan
Jul 1, 1990 I.A.M. Lodge 758 Federal Credit Union CA Logix Federal Credit Union
Jul 1, 1990 Moore Fremont Federal Credit Union OH Fremont Federal Credit Union
Jul 1, 1990 Ibew 143 Credit Union PA Belco Community Credit Union
Jul 1, 1990 Muskegon Printing Industrial Employees Credit Union MI Family Financial Credit Union
Jul 1, 1990 Society Bank, Goshen IN Society National Bank, Indiana
Jul 1, 1990 Trustcorp of Florida N.A. FL Key Trust Company of Florida, N.A.
Jul 1, 1990 Contented Federal Credit Union WA Canopy Federal Credit Union
Jul 1, 1990 Century Bank AZ Residual Bank
Jul 1, 1990 Valley Financial Services, Inc. IL Illinois Banc One Corporation
Jul 1, 1990 Bank South Waycross, Inc. GA Bank South Corporation
Jul 1, 1990 Universal Bancorp WV Hometown Bancshares, Inc.
Jul 1, 1990 Bank South Macon, Inc. GA Bank South Corporation
Jul 1, 1990 Four Freedoms Federal Credit Union PA Pannonia Federal Credit Union
Jul 1, 1990 Nreca-Rochdale Federal Credit Union DC Agriculture Federal Credit Union
Jul 1, 1990 Border Credit Union AZ American Southwest Credit Union
Jul 1, 1990 E L C M Federal Credit Union OH Tri-State Federal Credit Union
Jul 1, 1990 Whiting Federal Credit Union OH Cinco Family Financial Center Credit Union
Jun 30, 1990 Williams Bros SVG & Ca Cu GA Georgia United Credit Union
Jun 30, 1990 Great American Bank, Federal Savings Bank AZ Great American Federal Savings Association
Jun 30, 1990 Bank IV Lenexa, National Association KS Bank IV Kansas City, National Association
Jun 30, 1990 Plaza National Bank TX Community Bank & Trust, S.S.B.
Jun 30, 1990 Octelco Credit Union, Inc. OH Desco Federal Credit Union
Jun 30, 1990 Pontiac Columbus Federal Credit Union MI Metro North Federal Credit Union
Jun 30, 1990 Hotel Inter-Continental Maui Federal Credit Union HI Valley Isle Community Federal Credit Union
Jun 30, 1990 Bank IV Corporate Woods, National Association KS Bank IV Kansas City, National Association
Jun 30, 1990 Vidor State Bank TX Community Bank & Trust, S.S.B.
Jun 30, 1990 First National Bank of Woodville TX Community Bank & Trust, S.S.B.
Jun 30, 1990 Warner Center Bank CA City National Bank
Jun 30, 1990 Equitable Bank, National Association MD Maryland National Bank
Jun 30, 1990 Eggers Industries Neenah Credit Union WI Lakeview Credit Union
Jun 30, 1990 Mayco L a Federal Credit Union CA First City Credit Union

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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