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
Sep 30, 1990	Childrens Hospital of Pittsburgh Federal Credit Union	PA	Greater Pittsburgh Federal Credit Union
Sep 30, 1990	The Krakauer Fcu	PA	Pannonia Federal Credit Union
Sep 30, 1990	Teamsters Local 107 Federal Credit Union	PA	Sun East Federal Credit Union
Sep 30, 1990	Farmers and Merchants Bank	WI	Clare Bank, N.A.
Sep 29, 1990	Simonds Employees Credit Union	MA	I C Federal Credit Union
Sep 29, 1990	Hardin, Inc.	NE	Central Bancshares, Inc.
Sep 29, 1990	Cape County Bank	MO	Union Planters Bank of Southeast Missouri
Sep 29, 1990	Farmers and Merchants Bank	NE	First Central Bank
Sep 28, 1990	Health Employees & Related Organization Fcu	PA	C-B-W School Federal Credit Union
Sep 28, 1990	United Bancshares of Nebraska, Inc.	NE	Ameriwest Corporation
Sep 28, 1990	Progressive Building & Loan Association	NJ	Susquehanna Bank DV
Sep 27, 1990	Carteret County Federal Credit Union	NC	First Flight Federal Credit Union
Sep 27, 1990	Biehl Nohoga Federal Credit Union	TX	Members Trust of the Southwest Federal Credit Union
Sep 26, 1990	Valley Mart Employees Federal Credit Union	TX	South Texas Federal Credit Union
Sep 26, 1990	F&M Bank, National Association	WI	Associated Bank North
Sep 26, 1990	Norwood Federal Savings Bank	IL	Deerfield Federal Savings and Loan Association
Sep 25, 1990	D.S.E. Credit Union	NY	Radius Federal Credit Union
Sep 24, 1990	United Bank, National Association	TX	Texas Commerce Bank-Midland, National Association
Sep 22, 1990	First Florida Bank of Orange County, National Association	FL	(unnamed)
Sep 21, 1990	Coastal National Bank	TX	Texas Gulf Bank, N.A.
Sep 21, 1990	The National Bank of Northern Virginia	VA	Crestar Bank
Sep 21, 1990	Chemical National Bank	TX	Texas Gulf Bank, N.A.
Sep 21, 1990	Alvin National Bank	TX	Texas Gulf Bank, N.A.
Sep 21, 1990	Farmers Bank of Grant City/Sheridan	MO	Bank Midwest, N.A.
Sep 20, 1990	E E L Federal Credit Union	NC	Hamlet Federal Credit Union
Sep 19, 1990	Park Falls State Bank	WI	MidAmerica Bank North
Sep 17, 1990	St. John:s Home Federal Credit Union	NY	Rochester & Monroe County Employees Federal Credit Union
Sep 17, 1990	Purdue Student Federal Credit Union	IN	Purdue Federal Credit Union
Sep 15, 1990	University Credit Union	TX	Evolve Federal Credit Union
Sep 14, 1990	The National Bank of Commerce of Belle	WV	Huntington Bank Charleston N.A.
Sep 14, 1990	Leigh Corporation	NE	Citizens National Corporation
Sep 14, 1990	First Federal Savings and Loan Association of Macon Co	IL	Soy Capital Bank and Trust Company
Sep 13, 1990	Canadian Imperial Holding Company	NY	Canadian Imperial Holdings Inc.
Sep 13, 1990	G.S.W. Building Corporation	TX	Merchants Bancshares, Inc.
Sep 11, 1990	Toddler Cu	TN	Tennessee Valley Federal Credit Union
Sep 10, 1990	Fifth Third Bank of Eastern Indiana	IN	The Fifth Third Bank of Southeastern Indiana
Sep 10, 1990	Exchange Bank of Lake County	IL	LaSalle Bank Northbrook
Sep 10, 1990	Society Bank, Lenawee	MI	KeyBank National Association
Sep 9, 1990	(unnamed)	—	Banco Popular, Illinois
Sep 8, 1990	Valley Bank, Sun Prairie	WI	Valley Bank
Sep 8, 1990	Community Federal Savings and Loan Association	NJ	World Savings and Loan Association, A Federal Savings and Loan Associati
Sep 8, 1990	Valley Bank of Oregon	WI	Valley Bank
Sep 7, 1990	Shawmut Arlington Trust Company	MA	Fleet National Bank of Massachusetts
Sep 5, 1990	Madison County Bank & Trust	IN	Citizens Banking Company
Sep 4, 1990	Neltner Employees Federal Credit Union	KY	Trupartner Credit Union, Inc.
Sep 4, 1990	Esselte Federal Credit Union	NY	People's Alliance Federal Credit Union
Sep 1, 1990	Americana Bank of Danube	MN	Excel Bank Minnesota
Sep 1, 1990	Sug Credit Union	TX	Capitol Credit Union
Sep 1, 1990	Elkhorn Bankshares Corporation	WI	Firstar Corporation of Wisconsin
Sep 1, 1990	First State Bank	IA	Liberty Bank & Trust

The list holds 500 of the 973 mergers recorded for 1990.

Enforcement Actions in 1990

Action date	Agency	Institution	Action
Sep 7, 1990	FRB	Northwest Indiana Bancshares Inc.	Civil Money Penalty $15,000: David DeHart
Sep 4, 1990	FRB	(individual)	Prohibition from Banking: Andrew F. Stasio, Jr.
Sep 4, 1990	OCC	First Bank and Trust of Fullerton	Civil Money Penalty (CMP): Russell, A.L.
Aug 31, 1990	OCC	First Bank and Trust of Fullerton	Civil Money Penalty (CMP): Rogers, Larry K.
Aug 31, 1990	OCC	First Bank and Trust of Fullerton	Civil Money Penalty (CMP): Russell, John W.
Aug 31, 1990	OCC_OTS	Doylestown Federal Savings & Loan Association	Orders of Removal/Prohibition: Larry E. Guistwite
Aug 31, 1990	OCC_OTS	Doylestown Federal Savings & Loan Association	Cease and Desist: Derek J. Reid
Aug 27, 1990	OCC	Beaumont Bank - N.A.	Civil Money Penalty (CMP): Clark, Gerald C.
Aug 27, 1990	OCC	Cordell National Bank	Civil Money Penalty (CMP): Kliewer, Frank G.
Aug 24, 1990	OCC_OTS	Financial Savings and Loan Association	Cease and Desist: Donald J. Schafer
Aug 24, 1990	OCC	First National Bank of Jackson	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Jackson
Aug 24, 1990	OCC_OTS	Grandview Savings Association	Cease and Desist: Grandview Savings Association
Aug 23, 1990	OCC	The First National Bank of Gracemont	Civil Money Penalty (CMP): Hill, Steven R.
Aug 22, 1990	OCC_OTS	(individual)	Cease and Desist: Lynda Darland Krisman
Aug 22, 1990	OCC_OTS	Yorkridge Calvert Federal Savings Association	Cease and Desist: Melvin M. Berger
Aug 22, 1990	OCC_OTS	(individual)	Orders of Removal/Prohibition: Lynda Darland Krisman
Aug 21, 1990	OCC_OTS	Yorkridge Calvert Federal Savings Association	Cease and Desist: Marvin D. Rosenthal
Aug 21, 1990	OCC	The First National Bank of Deport	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank Of Deport
Aug 20, 1990	OCC	The First National Bank at Saint James	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank At St. …
Aug 20, 1990	OCC	Sears National Bank	Civil Money Penalty (CMP): American National Bank Of Arizona
Aug 20, 1990	OCC_OTS	Jasper County Savings and Loan Association	Cease and Desist: Leonard Mineo
Aug 20, 1990	OCC_OTS	Jasper County Savings and Loan Association	Civil Money Penalty: Frank J. Rubsam
Aug 20, 1990	OCC_OTS	Jasper County Savings and Loan Association	Civil Money Penalty: Gene I. Schackmann
Aug 20, 1990	OCC_OTS	Jasper County Savings and Loan Association	Civil Money Penalty: Ralph Miller
Aug 20, 1990	OCC_OTS	Jasper County Savings and Loan Association	Civil Money Penalty: Wayne Cunningham
Aug 17, 1990	OCC_OTS	(individual)	Orders of Removal/Prohibition: J. Kerrington Lewis
Aug 16, 1990	OCC_OTS	Far West Financial Corporation	Civil Money Penalty: Far West Savings and Loan Association
Aug 15, 1990	OCC_OTS	(individual)	Cease and Desist: Motilal Raichand
Aug 15, 1990	OCC_OTS	(individual)	Civil Money Penalty: Unity Holdings, Inc. Holding Company of Universal Savings Bank
Aug 15, 1990	OCC_OTS	(individual)	Orders of Removal/Prohibition: G. Thomas Stacy Jr.
Aug 15, 1990	OCC	Texas Heritage National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The National Bank Of Daingerfield
Aug 13, 1990	FRB	(individual)	Cease and Desist Order: Columbia Bank, Avondale, AZ
Aug 13, 1990	OCC_OTS	Doylestown Federal Savings & Loan Association	Orders of Removal/Prohibition: Catherine B. Redington
Aug 10, 1990	OCC_OTS	Cross County Savings Bank	Orders of Removal/Prohibition: Max Fodera
Aug 10, 1990	OCC_OTS	(individual)	Orders of Removal/Prohibition: Rogelio del Valle Perdigo
Aug 10, 1990	OCC_OTS	Cross County Savings Bank	Orders of Removal/Prohibition: Michael Cousin
Aug 10, 1990	OCC_OTS	First Federal Savings & Loan Association of Valdosta	Orders of Removal/Prohibition: Howard G. (Gil) Smith
Aug 9, 1990	OCC	Commonwealth National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Commonwealth National Bank
Aug 9, 1990	OCC_OTS	(individual)	Cease and Desist: Charles H Keating
Aug 9, 1990	OCC	The Planters National Bank of Rosebud	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Planters National Bank of Rosebud
Aug 9, 1990	OCC_OTS	Cavalry Banking Federal Savings and Loan Association	Supervisory Agreement: Calvary Banking Federal Savings and Loan Association
Aug 8, 1990	OCC_OTS	Home Federal Savings and Loan Association of Ada	Cease and Desist: Home Federal Savings and Loan Association of ADA
Aug 6, 1990	FRB	Bay Holdings Corporation	Prohibition from Banking: Scott W. Felton
Aug 3, 1990	OCC_OTS	Civic Federal Savings Bank	Orders of Removal/Prohibition: Gustavo Silva
Aug 2, 1990	OCC	Classic Bank, N.A.	Formal Agreement: First National Bank In Cameron
Aug 2, 1990	OCC	The Cosmopolitan National Bank of Chicago	Prohibition/Removal Orders: Wells, James E.
Jul 31, 1990	OCC	First National Bank	Civil Money Penalty (CMP): First National Bank Of Hamliton
Jul 31, 1990	OCC	United Bank of Cherry Creek, National Association	Civil Money Penalty (CMP): United Bank Of Cherry Creek, N.A.
Jul 30, 1990	OCC_OTS	(individual)	Orders of Removal/Prohibition: James Clarkson
Jul 27, 1990	OCC_OTS	American Federal Savings and Loan Association	Cease and Desist: Jack M. Clifford

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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