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
Nov 2, 1990	Lone Star National Bank	Dallas, TX	$34.2M	Comerica Bank - Texas
Nov 1, 1990	Trinity National Bank	Benbrook, TX	$21.5M	—
Oct 26, 1990	City Savings & Loan	San Antonio, TX	$183.0M	Deposit payout
Oct 26, 1990	Rancho Bernardo Fed. Sav. Bank	San Diego, CA	$118.6M	Branch sale
Oct 26, 1990	The Farmers and Merchants Bank of Sheyenne	Sheyenne, ND	$2.9M	The Ramsey National Bank an
Oct 25, 1990	First National Bank of Jackson	Jackson, TN	$73.7M	First Tennessee Bank, Natio
Oct 23, 1990	Superior FSA	Cleveland, OH	$95.9M	Home FSB, Northern Oh
Oct 19, 1990	Heritage Savings Bank, FSB	Richmond, VA	$888.8M	CRFC Interim SB (Crestar Ba
Oct 19, 1990	First American Bank for Savings	Boston, MA	$526.2M	The Boston Five Cents Savin
Oct 19, 1990	Gold Coast Savings Bank	Plantation, FL	$151.7M	Branch sale
Oct 19, 1990	The Brooklyn Savings Bank	Danielson, CT	$130.9M	Willimantic Savings Institu
Oct 19, 1990	Metropolitan National Bank	McAllen, TX	$19.9M	Raymondville State Bank
Oct 12, 1990	International FS & La	N. Miami Beach, FL	$84.2M	Deposit payout
Oct 11, 1990	United Peoples Bank	Lampasas, TX	$32.7M	The First National Bank of
Oct 5, 1990	The Peoples Bank & Trust Company	Natchitoches, LA	$117.0M	Heritage Bank of Natchitoch
Oct 5, 1990	Mountain Ridge State Bank	West Orange, NJ	$51.4M	Mountain Ridge Bank
Oct 4, 1990	Woodway Bank and Trust, N.A.	Houston, TX	$35.4M	National Commerce Bank
Sep 27, 1990	Fort Worth State Bank	Fort Worth, TX	$20.7M	Fidelity Bank
Sep 27, 1990	Great Western National Bank	Lewisville, TX	$13.4M	First Western National Bank
Sep 21, 1990	Sentry Federal Savings Bank	Hyannis, MA	$735.5M	New Bedford Institution for
Sep 21, 1990	Yorkville Federal Savings	New York, NY	$344.7M	Northern SB
Sep 21, 1990	Hidalgo Savings & Loan	Edinburg, TX	$154.8M	Branch sale
Sep 21, 1990	Mercer Savings Bank	Trenton, NJ	$92.7M	Pulawski SB, Sla
Sep 21, 1990	Texas Commercial Sa	Sulphur Springs, TX	$27.7M	First American Bank
Sep 20, 1990	First Comanche Bank	Comanche, TX	$33.1M	—
Sep 20, 1990	City National Bank of Irving	Irving, TX	$32.1M	Comerica Bank-Texas
Sep 20, 1990	First State Bank of Rising Star	Rising Star, TX	$14.0M	The Peoples State Bank
Sep 14, 1990	First SB of Hempstead	Hempstead, TX	$35.4M	Deposit payout
Sep 14, 1990	Ingram State Bank	Ingram, TX	$23.5M	—
Sep 14, 1990	Citizens National Bank	Kerrville, TX	$12.8M	—
Sep 13, 1990	Western National Bank	Fort Worth, TX	$34.0M	Central Bank and Trust
Sep 13, 1990	First National Bank of Kennedale	Kennedale, TX	$27.5M	Central Bank and Trust
Sep 13, 1990	Citizens Bank	Clarksville, TX	$15.9M	State Bank of Dekalb
Sep 13, 1990	First National Bank of Crosby	Crosby, ND	$12.4M	First National Bank & Trust
Sep 7, 1990	El Paso Federal Savings	El Paso, TX	$433.1M	Deposit payout
Sep 7, 1990	First City FSB	Lucedale, MS	$41.7M	Magnolia FB for Savings
Sep 6, 1990	Northside Bank	San Antonio, TX	$54.7M	Bank One, Texas, National a
Aug 31, 1990	Ensign Bank, FSB	New York, NY	$1.78B	Branch sale
Aug 31, 1990	First American Savings Bank, FSB	Santa Fe, NM	$123.6M	Deposit payout
Aug 31, 1990	Atlanta FSA	Atlanta, TX	$89.4M	Kilgore FS&LA
Aug 31, 1990	First FSA	Winnfield, LA	$54.7M	Deposit payout
Aug 30, 1990	Bay City Bank & Trust Co.	Bay City, TX	$79.6M	First State Bank and Trust
Aug 30, 1990	The First National Bank of Levelland	Levelland, TX	$62.2M	Citizens Bank
Aug 30, 1990	Citizens National Bank	El Campo, TX	$51.3M	First Bank
Aug 30, 1990	Chisholm National Bank	Plano, TX	$20.9M	Comerica Bank-Texas
Aug 30, 1990	American Bank of Commerce, N.A.	Del Rio, TX	$17.4M	Del Rio National Bank
Aug 30, 1990	Security National Bank	Austin, TX	$15.1M	Liberty National Bank
Aug 30, 1990	First Bank of Plano	Plano, TX	$9.2M	Compass Bank-Plano
Aug 24, 1990	First FS & La	Temple, TX	$315.4M	Kilgore FS&LA
Aug 24, 1990	Ambassador FS & La	Tamarac, FL	$184.1M	Bank of North America

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
Nov 30, 1990	Lafayette County Bancshares, Inc.	MO	Lafayette Bancshares, Inc.
Nov 30, 1990	Big Six Towers Federal Credit Union	NY	Qside Federal Credit Union
Nov 29, 1990	Imc Magnetics Employees Federal Credit Union	NY	Fourleaf Federal Credit Union
Nov 27, 1990	Austenal Dover Federal Credit Union	NJ	Members Connect Federal Credit Union
Nov 24, 1990	BayBank Southeast, National Association	MA	BayBank South
Nov 17, 1990	F&M Bank	WI	Associated Bank North
Nov 17, 1990	Cole Taylor Operations Network Inc.	IL	Cole Taylor Bank
Nov 17, 1990	Heritage Bank of Mukwonago	WI	Johnson Bank
Nov 17, 1990	Lawrence National Employees Credit Union	MA	Metro Credit Union
Nov 16, 1990	Citizens Fidelity Bank and Trust Company Winchester	KY	Citizens Fidelity Bank and Trust Company Lexington
Nov 16, 1990	Lowcountry Bancshares, Inc.	SC	L S B Bancshares Inc of South Carolina
Nov 16, 1990	Santa Clarita National Bank	CA	(unnamed)
Nov 15, 1990	United Southern Corporation	MS	Union Planters Corporation
Nov 15, 1990	First Financial of Russellville, Inc.	KY	Trans Financial, Inc.
Nov 15, 1990	Aplington Insurance, Inc.	IA	GL & ML, Limited
Nov 13, 1990	Quality Federal Credit Union	CT	Mutual Security Credit Union, Inc.
Nov 13, 1990	Jordan Business Forms Federal Credit Union	NC	Truliant Federal Credit Union
Nov 10, 1990	Utah Deseret Mortgage Corporation	UT	Wells Fargo Trust Company, N.A.
Nov 10, 1990	Mountain View Investment Company	UT	Wells Fargo Trust Company, N.A.
Nov 10, 1990	Deseret Bancorporation	UT	First Security Corporation
Nov 10, 1990	Deseret Bank	UT	Wells Fargo Trust Company, N.A.
Nov 10, 1990	The Bank of Baltimore	MD	The Bank of Baltimore
Nov 10, 1990	G. L. Corporation	UT	Wells Fargo Trust Company, N.A.
Nov 9, 1990	Shawmut Worcester County Bank, National Association	MA	Fleet National Bank of Massachusetts
Nov 7, 1990	Pajaro Valley Bancorporation	CA	Pacific Capital Bancorp
Nov 5, 1990	(unnamed)	—	First Midwest Bank
Nov 3, 1990	The Seymour Trust Company	CT	Fleet National Bank
Nov 3, 1990	Friendship Federal Credit Union	NC	Members Credit Union
Nov 3, 1990	(unnamed)	—	New Hampshire Savings Bank
Nov 3, 1990	The Planters Corporation	NC	RBC Bancorporation (USA)
Nov 3, 1990	Peoples Bancorporation	NC	RBC Bancorporation (USA)
Nov 3, 1990	The Planters National Bank and Trust Company	NC	RBC Bank (USA)
Nov 3, 1990	Peoples Bank & Trust Company	NC	RBC Bank (USA)
Nov 3, 1990	Chester Bank	CT	Fleet National Bank
Nov 3, 1990	Home Savings and Loan Association	OH	First National Bank Northwest Ohio
Nov 3, 1990	F & M Bank	WI	Associated Bank North
Nov 3, 1990	Peoples Bank of the Triad	NC	RBC Bank (USA)
Nov 2, 1990	First Interstate Leasing, Inc.	ND	First Interstate of North Dakota, Inc.
Nov 1, 1990	(unnamed)	—	M&I Bank of Dodgeville
Nov 1, 1990	Affiliated Bank/Chicago	IL	Lasalle Bank Illinois
Nov 1, 1990	SBT Bancorp, Inc.	IL	Old National Bancorp
Nov 1, 1990	Pine Ridge Management Co.	NE	C.S.B. Co.
Nov 1, 1990	NBD Kalamazoo Bank	MI	Bank One, Michigan
Nov 1, 1990	NBD Cadillac Bank	MI	Bank One, Michigan
Nov 1, 1990	NBD Petoskey, National Association	MI	Bank One, Michigan
Nov 1, 1990	River Valley Credit Union	IL	Illiana Financial Credit Union
Nov 1, 1990	NBD Grand Haven	MI	Bank One, Michigan
Nov 1, 1990	Old Kent Bank-St. Charles, National Association	IL	Old Kent Bank, National Association
Nov 1, 1990	Affiliated Bank/Morton Grove	IL	Lasalle Bank Illinois
Nov 1, 1990	NBD Grand Rapids, National Association	MI	Bank One, Michigan

The list holds 500 of the 973 mergers recorded for 1990.

Enforcement Actions in 1990

Action date	Agency	Institution	Action
Oct 17, 1990	OCC_OTS	Schenectady Federal Savings and Loan Association	Orders of Removal/Prohibition: Kenneth A. Giaquinto
Oct 16, 1990	OCC	(individual)	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Citizens First National Bank
Oct 15, 1990	OCC_OTS	Madison Bancshares, Inc.	Supervisory Agreement: Madison Savings and Loan Association
Oct 15, 1990	OCC_OTS	King City Financial Services Corp.	Supervisory Agreement: King City Federal Savings Bank
Oct 15, 1990	OCC_OTS	Metropolitan Federal Savings and Loan Association, F.A.	Cease and Desist: Metropolitan Federal Savings and Loan Association
Oct 11, 1990	OCC_OTS	First Federal Savings Association of Toledo	Cease and Desist: John L. Landry
Oct 11, 1990	OCC	Suburban National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Suburban National Bank
Oct 10, 1990	OCC	The National Bank of Roxbury	Civil Money Penalty (CMP): Taylor, Virgil E.
Oct 9, 1990	OCC_OTS	American Federal Savings Bank	Cease and Desist: Johnny F. Coleman
Oct 9, 1990	OCC_OTS	(individual)	Supervisory Agreement: First Federal Savings and Loan Association
Oct 9, 1990	OCC	First Bank and Trust of Fullerton	Civil Money Penalty (CMP): Kayton, Robert C.
Oct 5, 1990	OCC	Southwest National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Southwest National Bank
Oct 5, 1990	OCC	First Bank and Trust of Fullerton	Civil Money Penalty (CMP): Geren, Joseph G.
Oct 5, 1990	OCC_OTS	Amador Valley Savings and Loan Association	Cease and Desist: Amador Valley Savings and Loan Association
Oct 4, 1990	OCC_OTS	Horizon Savings Bank, S.A.	Supervisory Agreement: Horizon Savings Bank, S.A.
Oct 4, 1990	OCC	Liberty National Bank	Prohibition/Removal Orders: Key, Joe E.
Oct 2, 1990	OCC	Liberty National Bank	Prohibition/Removal Orders: Palmer, Gary A.
Oct 2, 1990	OCC_OTS	Pan American Federal Savings Bank	Cease and Desist: Pan American Savings Bank
Oct 1, 1990	OCC	Trinity National Bank of Dallas	Civil Money Penalty (CMP): Young, Larry
Oct 1, 1990	OCC	Trinity National Bank of Dallas	Civil Money Penalty (CMP): Kirby, Timothy B
Oct 1, 1990	OCC	Liberty National Bank	Prohibition/Removal Orders: Douglass, William
Sep 26, 1990	OCC_OTS	(individual)	Orders of Removal/Prohibition: William R. Sinkin
Sep 26, 1990	OCC_OTS	Suburban Savings Association	Cease and Desist: William R. Sinkin
Sep 25, 1990	OCC_OTS	(individual)	Orders of Removal/Prohibition: Jerome W. Hogge Jr.
Sep 20, 1990	OCC	Old Line National Bank	Formal Agreement: Old Line National Bank
Sep 20, 1990	OCC_OTS	Century Bank	Civil Money Penalty: Century Bank, Federal Savings Bank
Sep 19, 1990	OCC_OTS	Jasper County Savings and Loan Association	Orders of Removal/Prohibition: David L. Dhom
Sep 19, 1990	OCC_OTS	Jasper County Savings and Loan Association	Civil Money Penalty: David L. Dhom
Sep 19, 1990	OCC_OTS	Jasper County Savings and Loan Association	Civil Money Penalty: Larry N. Fehrenbacher
Sep 19, 1990	OCC_OTS	Jasper County Savings and Loan Association	Orders of Removal/Prohibition: Larry N. Fehrenbacher
Sep 17, 1990	OCC	The First National Bank of Hermon	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank Of Hermon
Sep 17, 1990	OCC_OTS	Doylestown Federal Savings & Loan Association	Cease and Desist: Doylestown Federal Savings and Loan Association
Sep 14, 1990	OCC_OTS	(individual)	Cease and Desist: Berean Savings Association
Sep 13, 1990	OCC	The Berthoud National Bank	Civil Money Penalty (CMP): Bein, Louis
Sep 12, 1990	OCC	The First National Bank of Poth	Civil Money Penalty (CMP): Lyssy, Fabian
Sep 12, 1990	OCC	The First National Bank of Poth	Civil Money Penalty (CMP): Malchoff, Jack
Sep 12, 1990	OCC_OTS	(individual)	Orders of Removal/Prohibition: L. Eugene Duff
Sep 12, 1990	OCC_OTS	Guaranty Federal Savings Bank	Cease and Desist: John B. Gilreath
Sep 12, 1990	OCC_OTS	Guaranty Federal Savings Bank	Cease and Desist: Elke S. Gilreath
Sep 12, 1990	OCC	The First National Bank of Poth	Civil Money Penalty (CMP): Semlinger, Douglas H.
Sep 12, 1990	OCC	The First National Bank of Poth	Civil Money Penalty (CMP): Boening, John
Sep 12, 1990	OCC	The First National Bank of Poth	Civil Money Penalty (CMP): Kasper, Franklin
Sep 12, 1990	OCC	The First National Bank of Poth	Civil Money Penalty (CMP): Kolodzie, Louis
Sep 12, 1990	OCC	The First National Bank of Poth	Civil Money Penalty (CMP): Malchoff, Jack
Sep 7, 1990	FRB	Northwest Indiana Bancshares Inc.	Civil Money Penalty $20,000 (collectively with Judith A. Stanley): V. Edgar Stanley
Sep 7, 1990	FRB	Northwest Indiana Bancshares Inc.	Civil Money Penalty $20,000 (collectively with V. Edgar Stanley): Judith A. Stanley
Sep 7, 1990	FRB	Northwest Indiana Bancshares Inc.	Civil Money Penalty $15,000: Wayne Roe
Sep 7, 1990	FRB	Northwest Indiana Bancshares Inc.	Civil Money Penalty $2,000: Jerry Grady
Sep 7, 1990	FRB	Northwest Indiana Bancshares Inc.	Civil Money Penalty $2,000: Jerry Sisinger
Sep 7, 1990	FRB	Northwest Indiana Bancshares Inc.	Civil Money Penalty $15,000: Robert Marcuccilli

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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