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
Feb 23, 1990	Imperial Federal Savings Assoc.	San Diego, CA	$9.58B	Branch sale
Feb 23, 1990	Mercury Savings	Huntington Beach, CA	$2.16B	Security Pacific NB, N.A.
Feb 23, 1990	First Atlantic S & La	Plainfield, NJ	$1.30B	Branch sale
Feb 23, 1990	Texasbanc Savings	Conroe, TX	$248.8M	Guaranty FSB
Feb 23, 1990	Provident Sa	Casper, WY	$244.9M	Key Bank of WY - Casper
Feb 23, 1990	Nowlin Sa	Ft. Worth, TX	$200.5M	Comerica Bank-TX
Feb 23, 1990	Vanguard SB	Vandergrief, PA	$176.9M	S&T Bank
Feb 23, 1990	Frontier FS & La	Walla Walla, WA	$146.9M	Washington Mutual
Feb 23, 1990	Community Federal Savings Bank	East Moline, IL	$112.0M	Branch sale
Feb 23, 1990	First Standard Fed. Savings Assoc.	Fairmont, WV	$77.6M	Community B&T, N.A.
Feb 23, 1990	First Federal Sav. ASSOC./BLUEFIELD	Bluefield, WV	$39.3M	First FSB
Feb 23, 1990	The Bank of Ruidoso	Ruidoso, NM	$27.8M	United New Mexico Bank at a
Feb 23, 1990	Greenwood FS & La	Greenwood, MS	$26.7M	Magnolia FB for Savings
Feb 23, 1990	The Red River Bank	Red River, NM	$6.5M	Centinel Bank of Taos
Feb 22, 1990	The First State Bank of Regent	Regent, ND	$9.7M	First National Bank
Feb 21, 1990	The Ben Franklin FS & La	Portland, OR	$4.62B	Bank of America, FSB
Feb 16, 1990	Franklin FSA	Ottawa, KS	$9.26B	Branch sale
Feb 16, 1990	Great American FS & La	Oak Park, IL	$1.01B	Branch sale
Feb 16, 1990	State FS & La	Tulsa, OK	$526.3M	Branch sale
Feb 16, 1990	Western Empire FS & La	Yorba Linda, CA	$406.6M	Southern California Bank
Feb 16, 1990	Freedom Sa	Columbus, OH	$360.4M	Branch sale
Feb 16, 1990	Heritage FSB	Omaha, NE	$225.0M	Branch sale
Feb 16, 1990	Equitable S & La, F.A.	Columbus, NE	$73.2M	Conservative SB, FSB
Feb 16, 1990	Fidelity Savings Bank	Danville, IL	$16.3M	First Midwest Bank
Feb 15, 1990	Huffman Bank	Huffman, TX	$22.0M	Channelview Bank
Feb 15, 1990	Northway National Bank	Dallas, TX	$19.1M	City National Bank of Carro
Feb 15, 1990	Gateway National Bank	Phoenix, AZ	$8.6M	Citibank (Arizona)
Feb 9, 1990	Abq Bank, a FSB	Albuquerque, NM	$2.02B	Bank of America NM, N.A.
Feb 9, 1990	American Federal Savings Assoc.	Des Moines, IA	$910.7M	Branch sale
Feb 9, 1990	Vermont Sa	Timonium, MD	$334.9M	First NB of MD
Feb 9, 1990	Huntington FS & La	Huntington Beach, CA	$120.4M	American SB, F.A.
Feb 9, 1990	Liberty Savings Bank FSB	Randallstown, MD	$49.5M	Royal Oak SB, FSA
Feb 9, 1990	Fairmont Federal Savings Assoc.	Fairmont, MN	$46.0M	First Farmers & Merchant NB
Feb 8, 1990	The First National Bank of Colbert	Colbert, OK	$17.9M	The Durant Bank & Trust Com
Feb 2, 1990	Centrust Bank, SB	Miami, FL	$8.22B	Great Western Bank, FSB
Feb 2, 1990	Pioneer Savings Bank, FSB	Clearwater, FL	$1.94B	Great Western Bank, FSB
Feb 2, 1990	Clyde FS & La	North Riverside, IL	$574.7M	Mid-City NB of Chicago
Feb 2, 1990	Sentinel FS & La	Phoenix, AZ	$174.9M	Biltmore Investors Bank, N.A.
Feb 2, 1990	Henderson Home S & La	Henderson, KY	$50.4M	Farmers B&TC
Feb 2, 1990	Citizens National Bank of Walnut Ridge	Walnut Ridge, AR	$37.5M	The Lawrence County Bank
Feb 2, 1990	Commerce Bank of Tampa	Tampa, FL	$21.6M	Southern Exchange Bank
Feb 1, 1990	Tyler National Bank	Tyler, TX	$24.7M	NCNB Texas National Bank
Jan 31, 1990	Merabank FSB	Phoenix, AZ	$6.32B	Branch sale
Jan 26, 1990	Monroe Savings Bank, FSB	Rochester, NY	$520.6M	Manufacturers & Traders Tru
Jan 26, 1990	Banctexas Dallas, N.A.	Dallas, TX	$340.9M	Hibernia National Bank in T
Jan 26, 1990	Williamsburg FS & La	Salt Lake City, UT	$310.5M	Branch sale
Jan 26, 1990	Colonial S & La	Cape Girardeau, MO	$170.9M	Branch sale
Jan 26, 1990	First Savings Assoc.	Bismark, ND	$113.4M	Metropolitan FB, FSB
Jan 26, 1990	Creditbank	Cutler Ridge, FL	$76.4M	Capital Bank
Jan 26, 1990	Palo Duro FS & La	Amarillo, TX	$65.0M	Citizens State Bank of Dalh

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 1, 1990	Babw Federal Credit Union	PA	Apex Community Federal Credit Union
Jul 1, 1990	First Interstate Bank of Great Falls	MT	First Interstate Bank of Montana, National Association
Jul 1, 1990	First Interstate Bank of Glacier County	MT	First Interstate Bank of Montana, National Association
Jul 1, 1990	Society Bank, Angola, National Association	IN	Society National Bank, Indiana
Jul 1, 1990	Riverside Community Credit Union	WI	Fox Communities Credit Union
Jul 1, 1990	Galaxy Federal Credit Union	PA	Little Giant Federal Credit Union
Jul 1, 1990	Warren Bank	MI	Macomb Warren Bank
Jul 1, 1990	Mhi-Npes Fcu	FL	Tropical Financial Credit Union
Jul 1, 1990	Knights of Columbus of Western Michigan Federal Credit Union	MI	Credit Union One
Jul 1, 1990	Union Federal Savings Bank	IN	Union Federal Bank of Indianapolis
Jul 1, 1990	Greater Charlotte Federal Credit Union	NC	Alero Financial Credit Union
Jul 1, 1990	MSHD-VI Fcu	MS	Mississippi Department of Transportation Federal Credit Union
Jul 1, 1990	Lancaster County Employees Credit Union	PA	Lancaster Red Rose Credit Union
Jul 1, 1990	JWC Empl Fcu	FL	Gte Federal Credit Union dba Gte Financial
Jul 1, 1990	Society Bank, Knox	IN	Society National Bank, Indiana
Jul 1, 1990	California Conference Credit Union	CA	Interfaith Federal Credit Union
Jul 1, 1990	Georgetown National Bank	TX	Hartland Bank, National Association
Jul 1, 1990	CYS Federal Credit Union	MD	Nymeo Federal Credit Union
Jul 1, 1990	First of America Bank - Alpena	MI	First of America Bank - Northern Michigan
Jul 1, 1990	I.A.M. Lodge 758 Federal Credit Union	CA	Logix Federal Credit Union
Jul 1, 1990	Moore Fremont Federal Credit Union	OH	Fremont Federal Credit Union
Jul 1, 1990	Ibew 143 Credit Union	PA	Belco Community Credit Union
Jul 1, 1990	Muskegon Printing Industrial Employees Credit Union	MI	Family Financial Credit Union
Jul 1, 1990	Society Bank, Goshen	IN	Society National Bank, Indiana
Jul 1, 1990	Trustcorp of Florida N.A.	FL	Key Trust Company of Florida, N.A.
Jul 1, 1990	Contented Federal Credit Union	WA	Canopy Federal Credit Union
Jul 1, 1990	Century Bank	AZ	Residual Bank
Jul 1, 1990	Valley Financial Services, Inc.	IL	Illinois Banc One Corporation
Jul 1, 1990	Bank South Waycross, Inc.	GA	Bank South Corporation
Jul 1, 1990	Universal Bancorp	WV	Hometown Bancshares, Inc.
Jul 1, 1990	Bank South Macon, Inc.	GA	Bank South Corporation
Jul 1, 1990	Four Freedoms Federal Credit Union	PA	Pannonia Federal Credit Union
Jul 1, 1990	Nreca-Rochdale Federal Credit Union	DC	Agriculture Federal Credit Union
Jul 1, 1990	Border Credit Union	AZ	American Southwest Credit Union
Jul 1, 1990	E L C M Federal Credit Union	OH	Tri-State Federal Credit Union
Jul 1, 1990	Whiting Federal Credit Union	OH	Cinco Family Financial Center Credit Union
Jun 30, 1990	Williams Bros SVG & Ca Cu	GA	Georgia United Credit Union
Jun 30, 1990	Great American Bank, Federal Savings Bank	AZ	Great American Federal Savings Association
Jun 30, 1990	Bank IV Lenexa, National Association	KS	Bank IV Kansas City, National Association
Jun 30, 1990	Plaza National Bank	TX	Community Bank & Trust, S.S.B.
Jun 30, 1990	Octelco Credit Union, Inc.	OH	Desco Federal Credit Union
Jun 30, 1990	Pontiac Columbus Federal Credit Union	MI	Metro North Federal Credit Union
Jun 30, 1990	Hotel Inter-Continental Maui Federal Credit Union	HI	Valley Isle Community Federal Credit Union
Jun 30, 1990	Bank IV Corporate Woods, National Association	KS	Bank IV Kansas City, National Association
Jun 30, 1990	Vidor State Bank	TX	Community Bank & Trust, S.S.B.
Jun 30, 1990	First National Bank of Woodville	TX	Community Bank & Trust, S.S.B.
Jun 30, 1990	Warner Center Bank	CA	City National Bank
Jun 30, 1990	Equitable Bank, National Association	MD	Maryland National Bank
Jun 30, 1990	Eggers Industries Neenah Credit Union	WI	Lakeview Credit Union
Jun 30, 1990	Mayco L a Federal Credit Union	CA	First City 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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