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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
Dec 28, 1990 Capitol Bank and Trust Company Boston, MA $485.6M —
Dec 28, 1990 Southern FS New Orleans, LA $230.8M Branch sale
Dec 28, 1990 First FS & La of Andalusia Andalusia, AL $38.7M Colonial Bank
Dec 27, 1990 Enterprise Savings Bank, F.A. Chicago, IL $432.6M United FB
Dec 21, 1990 Arkansas FSB Little Rock, AR $71.7M Branch sale
Dec 15, 1990 Mid-America FS & La Columbus, OH $1.21B NBD Bank
Dec 14, 1990 Community FS & La St. Louis, MO $1.98B Boatmen's Bancshares, Inc.
Dec 14, 1990 Comfed Savings Bank Lowell, MA $1.40B Branch sale
Dec 14, 1990 Olympic Federal Savings Berwyn, IL $1.05B Branch sale
Dec 14, 1990 Home Federal Bank for Savings Waukegan, IL $348.1M First of Amer. BK-N.E. Il
Dec 14, 1990 Frontier Savings Association Las Vegas, NV $252.4M Bank of America, NV
Dec 14, 1990 Empire Savings Bank Hammonton, NJ $219.3M United Jersey BANK/SO., N.A.
Dec 14, 1990 First Commercial Bank of Florida Boca Raton, FL $171.6M Bank of North America
Dec 14, 1990 Far Western Bank Tustin, CA $154.3M —
Dec 14, 1990 Old Borough Savings & Loan Trenton, NJ $133.5M New Jersey NB
Dec 14, 1990 Peoples State Bank Dallas, TX $30.3M Comerica Bank - Texas
Dec 14, 1990 The State Bank of Omaha Omaha, TX $20.5M The First National Bank of
Dec 13, 1990 Washington County State Bank Brenham, TX $77.7M Channelview Bank
Dec 13, 1990 Bank of Commerce Alexandria, LA $19.6M The Evangeline Bank and Tru
Dec 13, 1990 First State Bank Lexington, OK $7.5M The McClain County National
Dec 12, 1990 New England Allbank for Savings Gardner, MA $173.3M Worcester County Institutio
Dec 7, 1990 Central Federal Savings Mineola, NY $890.8M Chemical Bank
Dec 7, 1990 First Federal Savings Raleigh, NC $520.4M Branch sale
Dec 7, 1990 Andrews Savings & Loan Assoc. Andrews, TX $126.1M Branch sale
Dec 7, 1990 Texarkana FS & La Texarcana, AR $40.4M Citizens NB
Dec 7, 1990 Heights Bank Harker Heights, TX $28.8M Heights State Bank
Dec 7, 1990 First National Bank of Rowlett Rowlett, TX $20.5M U.S. Trust Company of Texas
Dec 6, 1990 Douglas County National Bank Parker, CO $5.4M City Center National Bank
Nov 30, 1990 San Jacinto Savings Houston, TX $2.87B United Sa of TX, FSB
Nov 30, 1990 Edison FSA New York, NY $140.1M Flushing SB
Nov 30, 1990 First Sa Paragould, AR $64.1M Peoples Bank
Nov 30, 1990 First FSA of Nacogdoches Nacogdoches, TX $61.9M Citizens Bank
Nov 30, 1990 First Southwest FS & La Tyler, TX $51.2M Citizens Bank
Nov 30, 1990 Atascosa Sa Jourdanton, TX $34.7M Deposit payout
Nov 30, 1990 Tuskegee S & La Tuskegee, AL $31.8M First Tuskegee Bank
Nov 30, 1990 Boundary Waters State Bank Ely, MN $13.4M Stearns County National Ban
Nov 29, 1990 Bank of Arlington Arlington, TX $63.6M Bank One, Texas, National a
Nov 29, 1990 Farmers State Bank of Madisonvillle Madisonville, TX $34.8M First Bank
Nov 16, 1990 Southeastern Savings Bank Charlotte, NC $422.3M Branch sale
Nov 16, 1990 First Federal Savings Assoc. Las Vegas, NM $55.4M Bank of NM, & Las Vegas
Nov 16, 1990 Liberty Federal Savings Bank Montebello, CA $53.8M Commerce NB
Nov 15, 1990 Action Federal Savings Sommers Point, NJ $262.0M First FSB of DE
Nov 15, 1990 Western Bank Duncanville, TX $39.8M Western Bank & Trust
Nov 9, 1990 Florida Federal Savings Bank St. Petersburg, FL $4.12B First Union Corp.
Nov 9, 1990 Freedom National Bank of New York New York, NY $110.4M —
Nov 9, 1990 Louisiana Federal Savings Bank Kenner, LA $58.8M Deposit payout
Nov 9, 1990 Executive Banc Sa New Braunfels, TX $16.2M Victoria B&TC
Nov 2, 1990 Riverside Savings Bank Riverside, NJ $177.8M Branch sale
Nov 2, 1990 Boonslick S & La Boonville, MO $70.2M Branch sale
Nov 2, 1990 Desoto FS & La Mansfield, LA $63.9M Deposit payout

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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