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
May 25, 1990	First Federal Savings & Loan	New Braunfels, TX	$232.3M	Victoria B&TC
May 25, 1990	Remington Federal Savings Assoc.	Elgin, TX	$127.0M	Deposit payout
May 25, 1990	Bank USA, Federal Association	Silvis, IL	$22.9M	Metrobank
May 24, 1990	Memorial Bank, N.A.	Houston, TX	$75.9M	Compass Bank Houston
May 24, 1990	Gentry County Bank	Albany, MO	$42.3M	Citizens National Bank
May 24, 1990	Farmers State Bank of Brookshire	Brookshire, TX	$19.4M	First Bank
May 24, 1990	Midway National Bank	Dallas, TX	$16.4M	Comerica Bank-Texas
May 18, 1990	Southwest Savings Association	Dallas, TX	$5.33B	Branch sale
May 18, 1990	Merchantsbank of Boston, a Co-Op	Boston, MA	$392.2M	The First National Bank of
May 18, 1990	First Federal Savings of Conroe	Conroe, TX	$174.3M	Banc One TX, N.A.
May 18, 1990	First FSA	Borger, TX	$63.2M	Amarillo NB
May 18, 1990	Jonesboro Federal Sa	Jonesboro, LA	$55.0M	Deposit payout
May 18, 1990	Jennings FSA	Jennings, LA	$54.1M	American Bank
May 17, 1990	First-Taylor National Bank	Taylor, TX	$74.0M	Citizens State Bank
May 17, 1990	The First National Bank of Georgetown	Georgetown, TX	$71.6M	NCNB Texas National Bank
May 15, 1990	United Savings FSB	Paterson, NJ	$245.8M	Deposit payout
May 11, 1990	United Savings Bank, FSB	Windom, MN	$161.5M	Branch sale
May 11, 1990	The Federal Savings Banc F.A.	Arlington, TX	$137.3M	Deposit payout
May 11, 1990	Great West Federal Savings Bank	Craig, CO	$28.1M	First NB of Meeker
May 11, 1990	First FSA of Breaux Bridge	Breaux Bridge, LA	$20.4M	Teche FSB
May 10, 1990	Commonwealth National Bank	Dallas, TX	$44.5M	Comerica Bank-Texas
May 10, 1990	First National Bank of Grand Saline	Grand Saline, TX	$28.6M	Texas National Bank
May 10, 1990	First National Bank of Desoto	Desoto, TX	$24.1M	Hibernia National Bank in T
May 10, 1990	Dominion National Bank of Denver	Denver, CO	$15.3M	Omnibank Southeast
May 9, 1990	Chancery National Bank	Denver, CO	$15.2M	The Women's Bank, N.A.
May 8, 1990	Mississippi Savings Bank, FSB	Batesville, MS	$172.3M	Deposit payout
May 4, 1990	Capitol Federal Savings & Loan	Aurora, CO	$980.6M	Central Bank Dever, N.A.
May 4, 1990	Mutual Aide S & La	Manasquan, NJ	$103.3M	Provident SB
May 4, 1990	Peninsula S & La	South San Francisco, CA	$51.8M	Westcal NB
May 4, 1990	Tucker State Bank	Jacksonville, FL	$41.8M	Barnett Bank of Jacksonvill
May 4, 1990	Security Federal Savings Bank	Carlsbad, NM	$26.9M	Western Commerce Bank
May 4, 1990	First Fed. Savings Bank & Trust	Independence, MO	$25.4M	Bank 10
May 3, 1990	Richardson National Bank	Richardson, TX	$50.5M	Comerica Bank - Texas
May 3, 1990	First National Bank, Northeast	Austin, TX	$18.0M	Hibernia National Bank in T
Apr 27, 1990	Santa Barbara S & L Assoc.	Santa Barbara, CA	$4.29B	Bank of America Ntsa
Apr 27, 1990	Home Owners Savings Bank	Burlington, MA	$3.49B	Branch sale
Apr 26, 1990	Trinity National Bank of Dallas	Dallas, TX	$37.1M	Bank One, Texas, National a
Apr 26, 1990	Signature Bank, N.A.	Dallas, TX	$26.8M	Compass Bank-Plano
Apr 26, 1990	Guardian Bank	Scottsdale, AZ	$25.9M	Citibank (Arizona)
Apr 26, 1990	Central Arizona Bank	Chandler, AZ	$6.6M	Security Pacific Bank Arizo
Apr 20, 1990	First Network Savings Bank	Los Angeles, CA	$303.8M	Deposit payout
Apr 20, 1990	First Savings & Loan	Massilon, OH	$168.2M	Branch sale
Apr 20, 1990	Enterprise Fed. FSA	Clearwater, FL	$62.6M	Comerica Bank-FL, FSB
Apr 20, 1990	Texas FSA	San Antonio, TX	$55.4M	Deposit payout
Apr 20, 1990	Southeastern Federal Savings Bank	Laurel, MS	$49.8M	Citizens NB of Meridian
Apr 20, 1990	Heritage FSA	Lamar, CO	$45.9M	First NB in Lamar
Apr 20, 1990	Bergen Park National Bank	Evergreen, CO	$5.8M	Nederland National Bank
Apr 19, 1990	Chas. Schreiner Bank	Kerrville, TX	$228.1M	NCNB Texas National Bank
Apr 19, 1990	Cove State Bank	Copperas Cove, TX	$37.3M	The National Bank of Gatesv
Apr 19, 1990	Acadiana National Bank	Lafayette, LA	$33.5M	First National Bank of St.

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
Sep 1, 1990	Huntington Bank of Campbell County, Inc.	KY	The Huntington National Bank of Kentucky
Sep 1, 1990	Appleton Teachers Credit Union	WI	Fox Communities Credit Union
Sep 1, 1990	Laborers 1177 Cu	LA	Formation Federal Credit Union
Sep 1, 1990	Huntington National Bank of Boone County	KY	The Huntington National Bank of Kentucky
Sep 1, 1990	First National Bank of Weirton	WV	United National Bank - North
Sep 1, 1990	Wolf Envelope Employees Credit Union, Inc.	OH	Firefighters Community Cu
Sep 1, 1990	NBD Sandusky Bank	MI	Bank One, Michigan
Sep 1, 1990	NBD Saginaw	MI	Bank One, Michigan
Sep 1, 1990	NBD Genesee Bank	MI	Bank One, Michigan
Sep 1, 1990	First of America Bank - Lewiston	MI	First of America Bank - Northern Michigan
Sep 1, 1990	TN Mill Empl Cu	TN	Y-12 Federal Credit Union
Sep 1, 1990	NBD Alpena Bank	MI	Bank One, Michigan
Sep 1, 1990	Americana State Bank	MN	Excel Bank Minnesota
Sep 1, 1990	Albany First Federal Savings and Loan Association	GA	SunTrust Bank, South Georgia, National Association
Sep 1, 1990	Pearl River Valley Fcu	LA	Zellco Federal Credit Union
Sep 1, 1990	Global Savings Bank, Federal Savings Bank	CA	United Commercial Bank
Sep 1, 1990	Northern California Grocers Association Credit Union	CA	S a F E Credit Union
Sep 1, 1990	First Federal Savings and Loan Association of Kendallville	IN	Peoples Federal Savings Bank of DeKalb County
Sep 1, 1990	Schmidt's Employees Credit Union	MN	Ideal Credit Union
Sep 1, 1990	Americana State Bank of Hayward	MN	Excel Bank Minnesota
Sep 1, 1990	Librascope Employees Credit Union	CA	Logix Federal Credit Union
Sep 1, 1990	T M Employees Credit Union	IL	Alero Financial Credit Union
Sep 1, 1990	Hartford Community Credit Union	WI	Glacier Hills Credit Union
Aug 31, 1990	Burnett State Bank	WI	Horicon Bank
Aug 31, 1990	First Canyon Bancorporation, Inc.	TX	First Canyon Bancorporation, Inc.
Aug 31, 1990	First Borger Bancshares, Inc.	TX	First Borger Bancshares, Inc.
Aug 31, 1990	Citizens National Corporation	IN	Ambanc Corp.
Aug 31, 1990	Sangamon County Credit Union	IL	Sangamo Chapter Credit Union
Aug 31, 1990	Delta Valley Federal Credit Union	LA	Shreveport Federal Credit Union
Aug 31, 1990	Cissell Credit Union	KY	Advanz Federal Credit Union
Aug 30, 1990	Bancboston Securities, Inc.	MA	Bankboston Corporation
Aug 27, 1990	Nine Lives Federal Credit Union	NC	First Flight Federal Credit Union
Aug 24, 1990	La Jolla Bank & Trust Company	CA	(unnamed)
Aug 24, 1990	Mother Lode Savings Bank	CA	U.S. Bank of California
Aug 23, 1990	First Banker's Mortgage Company	CA	La Jolla Bank & Trust Company
Aug 23, 1990	H.D. McNee Realty Advisors, Inc.	CA	La Jolla Bank & Trust Company
Aug 23, 1990	La Jolla Realty Capital Corporation	CA	La Jolla Bank & Trust Company
Aug 23, 1990	LJ Mortgage Company	CA	La Jolla Bank & Trust Company
Aug 23, 1990	Westbrook-Darfur State Bank	MN	Bank Midwest of Cottonwood County
Aug 20, 1990	Woodhull State Bank	IL	The Farmers National Bank of Geneseo
Aug 20, 1990	Boatmen's National Bank of Neosho	MO	Boatmen's Bank of Southwest Missouri
Aug 20, 1990	State Bank of Campbell	MO	First Community Bank, Missouri
Aug 18, 1990	Valley Bank Port Washington (National Association)	WI	Valley Bank
Aug 18, 1990	Bank One, Neenah, National Association	WI	Bank One, Appleton, National Association
Aug 16, 1990	Illini Bancshares, Inc.	IL	Raymond Bancorp, Inc.
Aug 15, 1990	NBC No. 700 Employees Federal Credit Union	NY	Matteawan Federal Credit Union
Aug 15, 1990	New York State Federation of Police Federal Credit Union	NY	Educational and Governmental Employees Federal Credit Union
Aug 15, 1990	Murray School District Credit Union	UT	Granite Federal Credit Union
Aug 14, 1990	Morgan Credit Union, Inc.	OH	Buckeye State Credit Union, Inc.
Aug 13, 1990	Texas Commerce Bank - Friendswood	TX	Chase Bank of Texas, National Association

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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