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
Jan 26, 1990	Fidelity Bank, N.A.	San Antonio, TX	$36.6M	Texas Commerce Bank - San a
Jan 26, 1990	Grand Prairie FS & La	Stuttgart, AR	$31.5M	Deposit payout
Jan 26, 1990	Uvalde FS & La	Uvalde, TX	$13.3M	Deposit payout
Jan 25, 1990	Farmers State Bank of Shiro, Texas	Shiro, TX	$4.6M	The First National Bank of
Jan 24, 1990	Empire of America FSB	Buffalo, NY	$8.17B	Branch sale
Jan 18, 1990	Duval Federal Savings Assn.	Jacksonville, FL	$1.02B	Branch sale
Jan 18, 1990	Gem City FS & La	Quincy, IL	$290.4M	Branch sale
Jan 18, 1990	Colonial Federal Savings Assoc.	Prairie Village, KS	$136.4M	First Colonial Bank N.A.
Jan 18, 1990	Marshall FS & La	Marshall, TX	$62.0M	Kilgore FS&LA
Jan 18, 1990	First Fed. Savings Assoc. of York	York, NE	$59.7M	First Trust Company of York
Jan 18, 1990	Karnes County FS & La	Karnes City, TX	$53.1M	Victoria B&TC
Jan 18, 1990	Frontier Federal Savings Bank	Belleville, IL	$45.3M	Union Bank of E. St. Louis
Jan 18, 1990	Brookhaven FS & La	Brookhaven, MS	$42.7M	Magnolia FB for Savings
Jan 18, 1990	Standard FSA	Houston, TX	$13.5M	Deposit payout
Jan 11, 1990	Atlantic Financial Savings	Bala Cynwyd, PA	$5.30B	Branch sale
Jan 11, 1990	Horizon Savings Bank, FSB	Wilmette, IL	$1.22B	Branch sale
Jan 11, 1990	Investment FS & La	Chatsworth, CA	$247.8M	Fidelity FB, FSB
Jan 11, 1990	Family Federal Savings	Dallas, OR	$164.2M	Washington FS&LA
Jan 11, 1990	St. Charles FSA	St. Charles, IL	$146.5M	Old Kent Bank, N.A.
Jan 11, 1990	Certified FSA	Georgetown, TX	$118.9M	Deposit payout
Jan 11, 1990	Deposit Trust Federal Savings	Monroe, LA	$98.0M	First Republic Bank
Jan 11, 1990	St. Louis County Savings Assoc.	Ferguson, MO	$85.8M	South Side NB in St. Louis
Jan 11, 1990	Wilshire FS & La	Los Angeles, CA	$78.1M	Deposit payout
Jan 11, 1990	American FSB	Sanford, ME	$51.8M	Branch sale
Jan 11, 1990	Financial FS & La	Fresno, CA	$31.2M	Deposit payout
Jan 11, 1990	Plaza Del Oro National Bank	Houston, TX	$15.7M	National Commerce Bank
Jan 4, 1990	Midwest Federal Savings Bank	Minot, ND	$955.0M	Branch sale
Jan 4, 1990	First Guaranty Bank for Savings	Hattiesburg, MS	$241.0M	Branch sale
Jan 4, 1990	First Central Federal Savings Bank	Chariton, IA	$112.8M	Branch sale
Jan 4, 1990	The First National Bank of San Marcos	San Marcos, TX	$77.6M	Victoria Bank & Trust Compa
Jan 4, 1990	Bannerbanc FS & La	Garland, TX	$46.0M	Colonial S&LA

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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