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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
Aug 24, 1990 Broken Arrow Savings Assoc. Broken Arrow, OK $26.9M Metro Bank of Broken Arrow
Aug 22, 1990 Sweetwater FS & La Rock Springs, WY $11.6M First Security Bank
Aug 17, 1990 First FSA of Tuscola Tuscola, IL $23.2M First NB of Arcola
Aug 17, 1990 Financial Savings of Hartford FSB Hartford, CT $21.9M Northeast Savings, F.A.
Aug 16, 1990 Cherry Creek National Bank Denver, CO $85.8M The Bank of Cherry Creek, N
Aug 16, 1990 City National Bank Houston, TX $35.6M Charter National Bank-Colon
Aug 16, 1990 Capitol Bank & Trust Oklahoma City, OK $33.1M First Fidelity Bank, Nation
Aug 10, 1990 The National Bank of Washington Washington, DC $1.65B The Riggs National Bank of
Aug 10, 1990 First Pacific Bank Beverly Hills, CA $118.8M Commercial Center Bank
Aug 10, 1990 Superior Federal Savings Bank Nacogdoches, TX $80.2M Branch sale
Aug 10, 1990 American Sa of MT. Carmel Mt. Carmel, IL $11.9M Union FSB
Aug 9, 1990 First National Bank of Corpus Christi Corpus Christi, TX $117.0M First City, Texas-Corpus CH
Aug 3, 1990 Hometown FSA Winfield, IL $46.5M Irving Bank
Aug 3, 1990 Tennessee Federal Savings Bank Cookeville, TN $40.0M Peoples B&T of Cumberlands
Aug 3, 1990 Amigo FS & La Brownsville, TX $20.7M Brownsville NB
Aug 2, 1990 American Bank & Trust Company Baton Rouge, LA $351.5M Hancock Bank of Louisiana
Aug 2, 1990 United Bank of Waco, National Assoc Waco, TX $250.0M Bank One, Texas, National a
Jul 31, 1990 United FSB Vienna, VA $415.6M Crestar Bank
Jul 27, 1990 Professional Savings Bank Coral Gables, FL $695.6M Branch sale
Jul 27, 1990 Statesman Bank for Savings, FSB Des Moines, IA $540.4M Branch sale
Jul 27, 1990 Citizens & Builders FS Pensacola, FL $119.2M Central Bank of the South
Jul 27, 1990 Guaranty Savings Bank FSB Fayetteville, NC $53.9M Branch sale
Jul 27, 1990 U.S. Savings Bank of America Seabrook, NH $12.4M Family Savings Bank of New
Jul 26, 1990 Continental Bank Dallas, TX $135.5M Comerica Bank - Texas
Jul 26, 1990 Bank of Odessa Odessa, TX $14.4M Western National Bank
Jul 26, 1990 Bank of Wilson Wilson, OK $13.0M American National Bank
Jul 26, 1990 First National Bank Purcell, OK $10.9M McClain County National Ban
Jul 20, 1990 Mainstay Federal Savings Red Bank, NJ $226.1M Bankers Savings
Jul 20, 1990 Charter Bank, a FSB Hattiesburg, MS $130.8M Branch sale
Jul 20, 1990 Commonwealth Savings Assoc. New Orleans, LA $44.0M St. Bernard B&TC
Jul 20, 1990 United FS & La Vidalia, LA $18.9M Concordia B&TC
Jul 13, 1990 Capitol-Union FSA Baton Rouge, LA $392.8M Deposit payout
Jul 13, 1990 The Permanent Savings Bank Niagara Falls, NY $330.0M Key Bank of Western New Yor
Jul 13, 1990 North Texas FSA Wichita Falls, TX $97.0M Team Bank
Jul 13, 1990 Summit First S & La Summit, IL $57.8M Marquette NB
Jul 13, 1990 Progressive SB Natchitoches, LA $50.2M Deposit payout
Jul 12, 1990 American National Bank of Greenville Greenville, TX $29.1M Sulphur Springs State Bank
Jul 12, 1990 Iredell State Bank Iredell, TX $10.0M First Security Bank - Cranf
Jul 6, 1990 Milford Savings Bank Milford, MA $328.1M Peoples Savings Bank
Jul 6, 1990 Capital National Bank Bronx, NY $158.2M New York Capital Bank, N.A.
Jul 6, 1990 Heritage FSA Lancaster, PA $48.8M Harris Sa
Jul 5, 1990 Home SB, FSB Salt Lake City, UT $12.8M Zions First NB
Jun 29, 1990 Eliot Savings Bank Boston, MA $479.5M South Boston Savings Bank
Jun 29, 1990 Travis Savings & Loan Assoc. San Antonio, TX $321.7M International Bank of Comme
Jun 29, 1990 First Jackson FSB Jackson, MS $116.5M Trustmark NB
Jun 29, 1990 Windsor Savings Assoc. Austin, TX $108.8M Deposit payout
Jun 29, 1990 Charter Savings & Loan Stamford, CT $103.0M Greenwich FS&LA
Jun 29, 1990 The Montgomery National Bank Montgomery TWNSP, NJ $92.6M Amboy National Bank
Jun 29, 1990 Pioneer FS & La Marietta, OH $9.5M Deposit payout
Jun 28, 1990 Southwest National Bank Austin, TX $33.6M Texas Bank

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
Dec 14, 1990 Water & Sanitation Employees Credit Union UT Granite Federal Credit Union
Dec 14, 1990 The Kanopolis State Bank KS First Bank Kansas
Dec 13, 1990 Southampton Memorial Hospital Federal Credit Union VA Chartway Federal Credit Union
Dec 12, 1990 First Federal Savings and Loan Association of Council Bluffs IA First Bank, Federal Savings Bank
Dec 12, 1990 First National Bank of Kermit TX Western National Bank
Dec 12, 1990 Saint Joseph's Healthcare Federal Credit Union CA Allied Trades Credit Union
Dec 11, 1990 First National Bank in Higgins TX The First National Bank of Canadian
Dec 10, 1990 Sovran Bank/Tri Cities TN NationsBank of Tennessee, National Association
Dec 10, 1990 Sovran Bank/Greenville TN NationsBank of Tennessee, National Association
Dec 10, 1990 F&M Bank of Slinger WI Associated Bank Fond Du Lac
Dec 8, 1990 Richmond Memorial Hospital Credit Union VA Rva Financial Federal Credit Union
Dec 8, 1990 Jacksonville Corps of Engrs Fcu FL Radifi Federal Credit Union
Dec 7, 1990 Third National Bank in Anderson County TN SunTrust Bank, East Tennessee, National Association
Dec 7, 1990 Third National Bank in Sevier County TN SunTrust Bank, East Tennessee, National Association
Dec 7, 1990 The Peoples Bank TN SunTrust Bank, Nashville, National Association
Dec 7, 1990 Third National Bank in Loudon County TN SunTrust Bank, East Tennessee, National Association
Dec 7, 1990 Third National Bank in Hamblen County TN SunTrust Bank, East Tennessee, National Association
Dec 6, 1990 Lindsborg Bancshares, Inc KS Emprise Financial Corp. - Hutchinson
Dec 6, 1990 The Farmers State Bank KS Emprise Bank, National Association
Dec 4, 1990 PTC Financial Corporation IN Norwest Indiana, Inc.
Dec 4, 1990 Ways Employees Credit Union CT Greater Watertown Federal Credit Union
Dec 3, 1990 Empire Bank, National Association CA First Security Bank of California, N.A.
Dec 3, 1990 Technicraft Incorporated Credit Union CT Dutch Point Credit Union
Dec 2, 1990 Citizens and Southern Financial Services, Incorporated SC The Citizens and Southern Corporation
Dec 2, 1990 Citizens and Southern Housing Corporation SC The Citizens and Southern Corporation
Dec 2, 1990 Citizens and Southern Realty Corporation SC The Citizens and Southern Corporation
Dec 2, 1990 Columbus Pepsi Cola Federal Credit Union OH Wright-Patt Credit Union, Inc.
Dec 1, 1990 The First National Bank of Enumclaw WA Puget Sound Bank
Dec 1, 1990 Unitech OK BancFirst
Dec 1, 1990 Rosendale Bancshares, Inc. WI M&I LLC
Dec 1, 1990 First Enumclaw Bancorporation WA Puget Sound Bancorp
Dec 1, 1990 Rosendale State Bank WI M&I Central State Bank
Dec 1, 1990 Southern Postal Cu GA Center Parc Credit Union
Dec 1, 1990 Bank of Peru NE MainStreet Bank
Dec 1, 1990 Pest Control Credit Union CA Sacramento Credit Union
Dec 1, 1990 Detroit Methodist Conference Credit Union MI Unity Credit Union
Dec 1, 1990 Chicago Commercial Credit Union IL South Division Credit Union
Dec 1, 1990 Chase Brass Employees Credit Union, Inc. OH Cardinal Credit Union, Inc.
Dec 1, 1990 Marion Va Hospital Credit Union IL Siu Credit Union
Dec 1, 1990 Whittier Citizens Credit Union CA South Western Federal Credit Union
Dec 1, 1990 Bristol Credit Union RI Peoples Credit Union
Dec 1, 1990 Breckinridge Teachers Credit Union KY Commonwealth Federal Credit Union
Dec 1, 1990 Farmers & Merchants Bank AR First Security Bank
Dec 1, 1990 First Family Credit Union IA Dutrac Community Credit Union
Dec 1, 1990 The First National Bank of Stoneboro PA Mercer County State Bank
Dec 1, 1990 First of America Bank - Oscoda MI First of America Bank - Mid Michigan, National Association
Nov 30, 1990 Farmers Bancorp of Sturgis, Inc. KY Integra Bank Corporation
Nov 30, 1990 Whitehall Bancorporation, Inc. MT Rocky Mountain Bancorporation, Inc.
Nov 30, 1990 Harlem Corporation MT Rocky Mountain Bancorporation, Inc.
Nov 30, 1990 Hudson Co C S No 1 Federal Credit Union NJ Ocnac No 1 Federal Credit Union

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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