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
Aug 13, 1990	Texas Commerce Bank - Conroe, National Association	TX	Chase Bank of Texas, National Association
Aug 13, 1990	Texas Commerce Bank - Sugarland, National Association	TX	Chase Bank of Texas, National Association
Aug 12, 1990	Tri City Service Corporation	WI	Tri City Bankshares Corporation
Aug 11, 1990	Tri City National Bank of Brookfield	WI	Tri City National Bank
Aug 11, 1990	Tri City National Bank of Menomonee Falls	WI	Tri City National Bank
Aug 11, 1990	Tri City National Bank of Hales Corners	WI	Tri City National Bank
Aug 11, 1990	Tri City National Bank of West Allis	WI	Tri City National Bank
Aug 11, 1990	Tri City National Bank of Brown Deer	WI	Tri City National Bank
Aug 11, 1990	USTrust	MA	USTrust
Aug 10, 1990	Rockfish Credit Union	NC	Members Credit Union
Aug 10, 1990	Victoria Bank & Trust Company - Central	TX	Norwest Bank Texas, South Central
Aug 10, 1990	Victoria Bank & Trust Company - West	TX	Norwest Bank Texas, South Central
Aug 7, 1990	Pattern & Foundry Federal Credit Union	NY	Sunmark Credit Union
Aug 6, 1990	Chemical Bank Texas, National Association	TX	Texas Commerce Bank, National Association
Aug 1, 1990	Auto Accessories Credit Union, Inc.	OH	Lormet Community Federal Credit Union
Aug 1, 1990	Dairy Equipment Credit Union	WI	Members First Credit Union
Aug 1, 1990	First American Kentucky Bancorp, Inc.	KY	Community Trust Bancorp, Inc.
Aug 1, 1990	Hallam Bancorp, Inc.	NE	First State Holding Co.
Aug 1, 1990	Public Health Credit Union	OK	The Focus Federal Credit Union
Aug 1, 1990	Entex Empl Cu	LA	United Energy Credit Union
Aug 1, 1990	Southern Nevada State Savings and Credit Union	NV	WestStar Credit Union
Aug 1, 1990	Trust Company of Troup County	GA	SunTrust Bank, West Georgia, National Association
Aug 1, 1990	Marion County Savings and Loan Association	KY	Great Financial Bank, FSB
Aug 1, 1990	Employees Credit Association Credit Union	CA	Genisys Credit Union dba Genisys Investment Services
Aug 1, 1990	Knox County Schools Employees Credit Union	IL	Heritage Credit Union
Aug 1, 1990	Perth Amboy Postal Employees Credit Union	NJ	Raritan Bay Federal Credit Union
Aug 1, 1990	Dayton Newspapers-Whio Federal Credit Union	OH	Triangle Credit Union, Inc.
Aug 1, 1990	Pacific First Bank, a Federal Savings Bank Washington	WA	Pacific First Bank, a Federal Savings Bank
Aug 1, 1990	Jasper County Savings and Loan Association	IL	First Community Bank, National Association
Aug 1, 1990	Hopkins Savings and Loan Association	WI	Federated Bank, S.S.B.
Aug 1, 1990	The Farmers and Citizens State Bank	WV	Bank One, West Virginia, Charleston, National Association
Aug 1, 1990	Valley Bank	WA	Bellingham Bank
Aug 1, 1990	The Guaranty Bond State Bank of Waller	TX	First Bank Katy, National Association
Aug 1, 1990	The Peoples Bank	OH	Peoples Bank
Aug 1, 1990	Trust Company Bank of Douglas County	GA	Suntrust Bank
Aug 1, 1990	Second Pilgrim Federal Credit Union	PA	Viriva Community Credit Union
Aug 1, 1990	Z R D C Credit Union	IL	Access Credit Union
Aug 1, 1990	First of America Bank - West Branch	MI	First of America Bank - Mid Michigan, National Association
Aug 1, 1990	Hallam Bank	NE	Saline State Bank
Aug 1, 1990	M&I Northern National Bank	WI	M&I Merchants Bank
Aug 1, 1990	M&I Bank of Westfield	WI	M&I Peoples Bank
Aug 1, 1990	M&I Bank of Adams-Friendship	WI	M&I Peoples Bank
Aug 1, 1990	O.L. of a Federal Credit Union	PA	Viriva Community Credit Union
Jul 31, 1990	Iola Bancshares, Inc.	KS	Team Financial, Inc.
Jul 31, 1990	Valley Ag Credit Corp	CA	PV Financial
Jul 31, 1990	Greater Pennsylvania Savings Association	PA	American Savings Bank
Jul 31, 1990	Cal Berkeley Federal Credit Union	CA	Cooperative Center Federal Credit Union
Jul 31, 1990	Seasha Fcu	AL	Tuskegee Federal Credit Union
Jul 30, 1990	Farmers Savings Bank	IA	Bank Iowa
Jul 28, 1990	Maximum Savings Bank Federal Savings Bank	MD	Columbia First Bank, a Federal Savings Bank

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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