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
Jul 28, 1990	Commercial State Bank	KS	First National Bank and Trust
Jul 27, 1990	The First National Bank of Moravia	NY	OnBank & Trust Co.
Jul 27, 1990	Mount Carmel Mercy Credit Union	MI	Credit Union One
Jul 27, 1990	Anthracite Food Employees Federal Credit Union	PA	Net Federal Credit Union
Jul 26, 1990	Hazard Wire Rope Division Federal Credit Union	PA	Choice One Community Federal Credit Union
Jul 26, 1990	Bucknell University Employees Federal Credit Union	PA	Service 1st Federal Credit Union
Jul 21, 1990	M&I Central National Bank	WI	M&I First American Bank
Jul 21, 1990	F & M Bank	WI	Associated Bank Menomonee Falls
Jul 21, 1990	Heights of Texas, FSB	TX	First Heights Bank, FSB
Jul 18, 1990	Smurfit Employees Lockland Credit Union Inc.	OH	Trupartner Credit Union, Inc.
Jul 16, 1990	The Fifth Third Bank of Campbell County, National Association	KY	The Fifth Third Bank of Northern Kentucky, Inc.
Jul 16, 1990	American State Bank of Snyder	TX	American State Bank
Jul 16, 1990	The Fifth Third Bank of Boone County, Inc.	KY	The Fifth Third Bank of Northern Kentucky, Inc.
Jul 16, 1990	Heritage Bank of Kenosha	WI	Johnson Bank
Jul 16, 1990	The State Bank of Fraser	MI	Security Bank of Commerce
Jul 14, 1990	(unnamed)	—	Valley Bank, Menomonie
Jul 13, 1990	Detroit Peerless Employees Credit Union	MI	Zeal Credit Union
Jul 12, 1990	First Bank	TX	First Bank Katy, National Association
Jul 12, 1990	Health & Human Service Federal Credit Union	PA	Philadelphia Federal Credit Union
Jul 10, 1990	Pueblo 1st Industrial Bank	CO	First Community Industrial Bank
Jul 10, 1990	National Bank of Catalina	CA	Southern California Bank
Jul 10, 1990	First Community Industrial Bank	CO	First Community Industrial Bank
Jul 10, 1990	Jefferson Credit Union	MN	Topline Financial Credit Union
Jul 10, 1990	Rocky Mountain Widefield 1st Industrial Bank	CO	First Community Industrial Bank
Jul 10, 1990	Loveland 1st Industrial Bank	CO	First Community Industrial Bank of Fort Collins
Jul 10, 1990	S.B.T. Employees Credit Union	CA	Santa Barbara County Federal Credit Union
Jul 10, 1990	Longmont 1st Industrial Bank	CO	First Community Industrial Bank of Longmont
Jul 9, 1990	M&I Interim State Bank	WI	M&I Central State Bank
Jul 9, 1990	Eastern Illinois Trust and Savings Bank	IL	Municipal Trust and Savings Bank
Jul 9, 1990	Peoples Bank of Albers	IL	First County Bank
Jul 7, 1990	American Federal Savings and Loan Association	NC	Mutual Community Savings Bank, SSB
Jul 6, 1990	Atico SVG BK	FL	Intercontinental Bank, National Association
Jul 5, 1990	McLean County Educators Credit Union	IL	The Credit Union for All
Jul 2, 1990	Screenland Credit Union	CA	First Entertainment Credit Union
Jul 2, 1990	(unnamed)	—	Southeastern Bank
Jul 2, 1990	Safe Deposit Company of Michigan	MI	Bank One, Michigan
Jul 2, 1990	Mansfield Credit Union	MA	Arise Federal Credit Union
Jul 2, 1990	Gallitzin Savings & Loan Association	PA	Penncrest Bank
Jul 1, 1990	Skiatook Federal Credit Union	OK	Westreet Federal Credit Union
Jul 1, 1990	Capitol Credit Union	OK	Oklahoma's Federal Credit Union
Jul 1, 1990	Lawn Boy Credit Union	WI	Kohler Credit Union
Jul 1, 1990	John Widdicomb Company Employees Credit Union	MI	A a C Credit Union
Jul 1, 1990	Society Bank, Winamac	IN	Society National Bank, Indiana
Jul 1, 1990	The Formoso Bank	KS	Farmers State Bank
Jul 1, 1990	Morgan County State Bank, Inc.	WV	One Valley Bank-East, N.A.
Jul 1, 1990	Folger Empl Fcu	LA	New Orleans Firemens Federal Credit Union
Jul 1, 1990	Pueblo Santa Fe Employees Federal Credit Union	CO	Santa Fe Federal Credit Union
Jul 1, 1990	Viroqua Federal Savings and Loan Association	WI	AnchorBank, FSB
Jul 1, 1990	Citizens Bank of Goodman	WI	Bank North
Jul 1, 1990	S S H Employees Federal Credit Union	PA	Greater Pittsburgh 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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