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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
Apr 19, 1990 First State Bank of Crandall Crandall, TX $15.8M The American National Bank
Apr 19, 1990 Security National Bank of Elgin Elgin, TX $10.8M Elgin Bank of Texas
Apr 19, 1990 Corinth Deposit National Bank Corinth, KY $8.7M The National Bank of Corint
Apr 18, 1990 The Seamen's Bank of Savings, FS New York, NY $3.39B The Chase Manhattan Bank(na
Apr 12, 1990 First Federal Savings & Loan Warner Robins, GA $150.1M CB&T Bank of Middle Ga
Apr 12, 1990 Constitution Fed. Savings Assoc. Monterey Park, CA $66.4M Deposit payout
Apr 12, 1990 The Bazine State Bank Bazine, KS $16.9M Farmers Bank & Trust, Natio
Apr 5, 1990 Colony Savings Bank, FSB Monaca, PA $427.5M Branch sale
Apr 5, 1990 Champions Point National Bank Houston, TX $20.6M Northwest Bank
Apr 5, 1990 First Bank & Trust Company Cedar Hill, TX $13.8M NCNB Texas National Bank
Mar 30, 1990 Everman National Bank of Fort Worth Fort Worth, TX $65.9M Bank One, Texas, National a
Mar 30, 1990 Imperial Bank Coral Gables, FL $23.2M Commercebank, National Asso
Mar 29, 1990 Crown Bank, N.A. San Antonio, TX $22.8M First City,texas-San Antoni
Mar 29, 1990 First National Bank of Garland Garland, TX $9.4M State Bank of Texas
Mar 29, 1990 Alvord National Bank Alvord, TX $7.6M The First National Bank of
Mar 22, 1990 The Central National Bank of San Angelo San Angelo, TX $147.4M First National Bank at Lubb
Mar 22, 1990 Miami National Bank Miami, FL $46.4M Commercebank, National Asso
Mar 22, 1990 Community Bank New Caney, TX $42.0M Channelview Bank
Mar 22, 1990 American Bank of Arlington Arlington, TX $28.3M Banc One, Texas, National a
Mar 22, 1990 The Waller Bank, N.A. Waller, TX $13.4M First Bank Navasota
Mar 16, 1990 Pacific Coast S & La San Francisco, CA $1.04B East-West FB, FSB
Mar 16, 1990 Whitestone Savings Whitestone, NY $396.9M Astoria FS&LA
Mar 16, 1990 Nasau Federal Savings & Loan Brooklyn, NY $296.8M Staten Island SB
Mar 16, 1990 First America FSB Longmont, CO $187.4M Branch sale
Mar 16, 1990 Great American FS & La Corinth, MS $159.2M Deposit payout
Mar 16, 1990 First FS & La of Wichita Falls Wichita Falls, TX $84.8M Deposit payout
Mar 16, 1990 Lakeland Savings Bank FSB Detroit Lakes, MN $79.6M First Security State Bank
Mar 16, 1990 United Federal Savings, F.A. New Orleans, LA $53.2M United B&TC
Mar 16, 1990 Sun Federal Savings Assoc. Fort Dodge, IA $24.3M Ida County State Bank
Mar 15, 1990 Bank of Meeker Meeker, OK $15.5M First State Bank
Mar 15, 1990 Liberty City State Bank Liberty City, TX $15.2M The First National Bank of
Mar 15, 1990 Independent National Bank Phoenix, AZ $12.4M Citibank(arizona)
Mar 9, 1990 Nassau S & La Princeton, NJ $313.1M Penn SB, FSB
Mar 9, 1990 Yorkwood S & La Maplewood, NJ $205.3M Branch sale
Mar 9, 1990 Westport Federal Savings Bank Hanford, CA $169.6M Deposit payout
Mar 9, 1990 Peoples FS & La Bartlesville, OK $105.5M WestStar Bank N.A.
Mar 9, 1990 Investors Savings Bank Nashville, TN $81.1M Amsouth Bank of TN
Mar 9, 1990 Hiawatha Savings & Loan Hiawatha, KS $49.2M Morrill & Janes B&TC
Mar 9, 1990 First Bank N.A. Cleveland, OH $33.1M —
Mar 8, 1990 University National Bank of College Statio College Station, TX $36.3M First American Bank
Mar 8, 1990 Farmers State Bank Schulenberg, TX $32.7M First Bank
Mar 8, 1990 Citizens National Bank Denton, TX $16.2M Texas Bank
Mar 2, 1990 Pima S & La Tucson, AZ $2.73B Bank of America, Az
Mar 2, 1990 North Carolina FS & La Charlotte, NC $628.1M First Citizens B&TC
Mar 2, 1990 Security FS & La Richmond, VA $341.6M Crestar Bank
Mar 2, 1990 Haven FS & La Winter Haven, FL $172.4M Barnett Bank of Polk County
Mar 2, 1990 New Athens FS & La New Athens, IL $30.4M United Il Bank of New Athen
Mar 1, 1990 Search National Bank Dallas, TX $21.2M Hibernia National Bank in T
Mar 1, 1990 First National Bank of Sanger Sanger, TX $19.7M The Gainesville National Ba
Mar 1, 1990 Community State Bank of Onalaska Onalaska, TX $9.7M The Bank of Livingston

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
Aug 13, 1990 Texas Commerce Bank - Conroe, National Association TX Chase Bank of Texas, National Association
Aug 13, 1990 Texas Commerce Bank - Sugarland, National Association TX Chase Bank of Texas, National Association
Aug 12, 1990 Tri City Service Corporation WI Tri City Bankshares Corporation
Aug 11, 1990 Tri City National Bank of Brookfield WI Tri City National Bank
Aug 11, 1990 Tri City National Bank of Menomonee Falls WI Tri City National Bank
Aug 11, 1990 Tri City National Bank of Hales Corners WI Tri City National Bank
Aug 11, 1990 Tri City National Bank of West Allis WI Tri City National Bank
Aug 11, 1990 Tri City National Bank of Brown Deer WI Tri City National Bank
Aug 11, 1990 USTrust MA USTrust
Aug 10, 1990 Rockfish Credit Union NC Members Credit Union
Aug 10, 1990 Victoria Bank & Trust Company - Central TX Norwest Bank Texas, South Central
Aug 10, 1990 Victoria Bank & Trust Company - West TX Norwest Bank Texas, South Central
Aug 7, 1990 Pattern & Foundry Federal Credit Union NY Sunmark Credit Union
Aug 6, 1990 Chemical Bank Texas, National Association TX Texas Commerce Bank, National Association
Aug 1, 1990 Auto Accessories Credit Union, Inc. OH Lormet Community Federal Credit Union
Aug 1, 1990 Dairy Equipment Credit Union WI Members First Credit Union
Aug 1, 1990 First American Kentucky Bancorp, Inc. KY Community Trust Bancorp, Inc.
Aug 1, 1990 Hallam Bancorp, Inc. NE First State Holding Co.
Aug 1, 1990 Public Health Credit Union OK The Focus Federal Credit Union
Aug 1, 1990 Entex Empl Cu LA United Energy Credit Union
Aug 1, 1990 Southern Nevada State Savings and Credit Union NV WestStar Credit Union
Aug 1, 1990 Trust Company of Troup County GA SunTrust Bank, West Georgia, National Association
Aug 1, 1990 Marion County Savings and Loan Association KY Great Financial Bank, FSB
Aug 1, 1990 Employees Credit Association Credit Union CA Genisys Credit Union dba Genisys Investment Services
Aug 1, 1990 Knox County Schools Employees Credit Union IL Heritage Credit Union
Aug 1, 1990 Perth Amboy Postal Employees Credit Union NJ Raritan Bay Federal Credit Union
Aug 1, 1990 Dayton Newspapers-Whio Federal Credit Union OH Triangle Credit Union, Inc.
Aug 1, 1990 Pacific First Bank, a Federal Savings Bank Washington WA Pacific First Bank, a Federal Savings Bank
Aug 1, 1990 Jasper County Savings and Loan Association IL First Community Bank, National Association
Aug 1, 1990 Hopkins Savings and Loan Association WI Federated Bank, S.S.B.
Aug 1, 1990 The Farmers and Citizens State Bank WV Bank One, West Virginia, Charleston, National Association
Aug 1, 1990 Valley Bank WA Bellingham Bank
Aug 1, 1990 The Guaranty Bond State Bank of Waller TX First Bank Katy, National Association
Aug 1, 1990 The Peoples Bank OH Peoples Bank
Aug 1, 1990 Trust Company Bank of Douglas County GA Suntrust Bank
Aug 1, 1990 Second Pilgrim Federal Credit Union PA Viriva Community Credit Union
Aug 1, 1990 Z R D C Credit Union IL Access Credit Union
Aug 1, 1990 First of America Bank - West Branch MI First of America Bank - Mid Michigan, National Association
Aug 1, 1990 Hallam Bank NE Saline State Bank
Aug 1, 1990 M&I Northern National Bank WI M&I Merchants Bank
Aug 1, 1990 M&I Bank of Westfield WI M&I Peoples Bank
Aug 1, 1990 M&I Bank of Adams-Friendship WI M&I Peoples Bank
Aug 1, 1990 O.L. of a Federal Credit Union PA Viriva Community Credit Union
Jul 31, 1990 Iola Bancshares, Inc. KS Team Financial, Inc.
Jul 31, 1990 Valley Ag Credit Corp CA PV Financial
Jul 31, 1990 Greater Pennsylvania Savings Association PA American Savings Bank
Jul 31, 1990 Cal Berkeley Federal Credit Union CA Cooperative Center Federal Credit Union
Jul 31, 1990 Seasha Fcu AL Tuskegee Federal Credit Union
Jul 30, 1990 Farmers Savings Bank IA Bank Iowa
Jul 28, 1990 Maximum Savings Bank Federal Savings Bank MD Columbia First Bank, a Federal Savings Bank

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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