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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
Jun 28, 1990 Brookwood National Bank Oklahoma City, OK $26.9M The Liberty National Bank a
Jun 28, 1990 American National Bank Elk City, OK $14.8M First Community Bank
Jun 28, 1990 The Valley View National Bank Valley View, TX $13.0M The Gainesville National Ba
Jun 28, 1990 Bacliff Bank, N.A. Bacliff, TX $7.1M The Citizens State Bank of
Jun 22, 1990 Germania Bank, FSB Alton, IL $785.5M Mercantile Bank of St. Loui
Jun 22, 1990 Southern Federal Bank for Savings Gulfport, MS $142.8M Branch sale
Jun 21, 1990 Centre National Bank-Farmers Branch Farmers Branch, TX $39.7M Hibernia National Bank in T
Jun 21, 1990 Lakeland State Bank Austin, TX $12.8M Hill Country Bank
Jun 21, 1990 Bank of East Texas Tyler, TX $11.0M Chandler State Bank
Jun 21, 1990 Peoples National Bank Caldwell, TX $9.6M Citizens State Bank
Jun 18, 1990 Farmers and Merchants Bank Buckeye, AZ $24.0M The Stockmen's Bank
Jun 15, 1990 Charter Savings Bank Newport, CA $313.9M Pacific Heritage Bank
Jun 15, 1990 United S & L of Trenton Trenton, NJ $277.7M Penn SB, FSB
Jun 15, 1990 First Federal Savings & Loan Metairie, LA $156.3M Deposit payout
Jun 15, 1990 Moultrie Savings Bank FSB Moultrie, GA $65.8M Moultrie NB
Jun 15, 1990 Bank M Miami, FL $10.7M Bank of North America
Jun 14, 1990 Alliance Bank, N.A. Austin, TX $81.1M Hibernia National Bank in T
Jun 14, 1990 Willow Bend National Bank Plano, TX $58.9M Compass Bank - Plano
Jun 14, 1990 National City Bank of Denver Denver, CO $58.4M Omnibank Southeast
Jun 14, 1990 Exchange National Bank of Del City Del City, OK $43.2M First National Bank of Midw
Jun 14, 1990 The Wimberley Bank Wimberley, TX $23.3M Ozona National Bank
Jun 8, 1990 Home Federal Worcester, MA $235.8M Branch sale
Jun 8, 1990 First Bankers Trust Midland, TX $103.6M Deposit payout
Jun 8, 1990 Hometown Savings Bank FSB Delphi, IN $64.7M Branch sale
Jun 8, 1990 The Merchants Bank of California Beverly Hills, CA $62.4M Western Bank
Jun 7, 1990 Texas National Bank El Paso, TX $131.8M Texas Commerce Bank - El Pa
Jun 7, 1990 Richmark Bank Houston, TX $35.2M Hibernia National Bank in T
Jun 7, 1990 Clifton National Bank Clifton, TX $12.1M First National Bank in Vall
Jun 7, 1990 Hulen National Bank Fort Worth, TX $11.7M First National Bank in Deca
Jun 1, 1990 NBC Bank-San Antonio, National Assoc San Antonio, TX $938.2M NCNB Texas National Bank
Jun 1, 1990 First Annapolis Savings Annapolis, MD $720.1M Branch sale
Jun 1, 1990 The Home National Bank of Milford Milford, MA $461.7M Baybank Middlesex
Jun 1, 1990 Investors of Florida Deerfield Beach, FL $282.6M J. P. Morgan FL, FSB
Jun 1, 1990 NBC Bank-Houston, National Assoc Houston, TX $186.2M NCNB Texas National Bank
Jun 1, 1990 NBC Bank-Rio Grande Valley, N.A. Mission, TX $138.7M NCNB Texas National Bank
Jun 1, 1990 NBC Bank- South Texas, National Corpus Christi, TX $118.4M NCNB Texas National Bank
Jun 1, 1990 Mutual S & La Weatherford, TX $104.8M Deposit payout
Jun 1, 1990 NBC Bank-Seguin, National Assoc Seguin, TX $63.8M NCNB Texas National Bank
Jun 1, 1990 Time FS & La San Francisco, CA $57.9M Sun SB, FSB
Jun 1, 1990 NBC Bank-Boerne, National Assoc Boerne, TX $53.8M NCNB Texas National Bank
Jun 1, 1990 Great Life FSA Sunrise, FL $42.7M U.S. Trust Co. of Florida S
Jun 1, 1990 NBC Bank-Uvalde, National Assoc Uvalde, TX $35.1M NCNB Texas National Bank
Jun 1, 1990 NBC Bank-Austin, National Assoc Austin, TX $33.8M NCNB Texas National Bank
Jun 1, 1990 NBC Bank-Kerrville, National Assoc Kerrville, TX $26.0M NCNB Texas National Bank
May 31, 1990 The Huntsville National Bank Huntsville, TX $107.2M NCNB Texas National Bank
May 31, 1990 The Wilshire Bank, National Assoc Los Angeles, CA $24.8M Mid City Bank, National Ass
May 31, 1990 Rocky Mountain National Bank Denver, CO $9.2M Colonial National Bank
May 25, 1990 Cagaus-Central Federal Savings Caguas, PR $1.64B Banco Santander PR
May 25, 1990 American Pioneer Savings Bank Orlando, FL $1.61B Branch sale
May 25, 1990 First American Federal Savings Fort Smith, AR $450.7M Branch sale

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
Dec 31, 1990 Lincoln County School Employees Credit Union MT Lincoln County Credit Union
Dec 31, 1990 Halstead Employees Federal Credit Union PA Beaver Valley Federal Credit Union
Dec 31, 1990 Bank of New England - Old Colony, National Association MA Bank of New England, N.A.
Dec 31, 1990 Southland Bank of Dothan AL Southland Bank b/b/a Ameris
Dec 31, 1990 Plough's Credit Union TN Synergy Bank
Dec 31, 1990 Prudential Bancorp CA Orange Bancorp
Dec 31, 1990 Washington Trust Equity Corporation WA Washington Trust Bank
Dec 31, 1990 Miami Agency, Inc. KS Team Financial, Inc.
Dec 31, 1990 Stupp Corporation LA Stupp Bros., Inc.
Dec 31, 1990 Independent Community Bancshares, Inc. WI Valley Bancorporation
Dec 31, 1990 Johnson Heritage Bancorp, Ltd. WI Johnson Financial Group, Inc.
Dec 31, 1990 HFB Corp IL HNB Corp.
Dec 31, 1990 Village Ventures, Inc. NY Village Bank
Dec 31, 1990 Village Investors Corp. NY Village Bank
Dec 31, 1990 South Main Street Properties Inc. VA Village Bank
Dec 31, 1990 Village Services, Inc. NY Village Bank
Dec 31, 1990 Builders Engineering Company MO Stupp Bros., Inc.
Dec 31, 1990 Dominion Bank of Northern Virginia, National Association VA First Union National Bank of Virginia
Dec 30, 1990 VSB Service Corporation VA Village Bank
Dec 30, 1990 Airport State Bank of Duluth MN North Shore Bank of Commerce
Dec 29, 1990 Safrabank FL SafraBank National Association
Dec 29, 1990 First Bank & Trust KS UMB-First Bank & Trust, National Association
Dec 29, 1990 National Van Employees Credit Union IL Bensenville Community Credit Union
Dec 29, 1990 Dominion Bank of Richmond, National Association VA First Union National Bank of Virginia
Dec 29, 1990 Grantsburg Community Federal Credit Union WI Indianhead Credit Union
Dec 28, 1990 (unnamed) — Mineral King National Bank
Dec 28, 1990 First State Bancorp of Harvey IL First Mutual Bancorp of Illinois, Inc.
Dec 28, 1990 Mercantile Bank of Washington County MO Mercantile Bank of the Mineral Area
Dec 27, 1990 Hebron Credit Union ND Western Cooperative Credit Union
Dec 26, 1990 Banque De L'Union Europeene — Credit Industriel Et Commercial
Dec 22, 1990 First National Bank KS Emprise Bank, National Association
Dec 21, 1990 Apsb Bancorp CA American Pacific State Bank
Dec 20, 1990 Mountain Credit Corporation KY The Bank of Whitesburg
Dec 19, 1990 Old Bucks Building and Loan Association NJ The Community National Bank of New Jersey
Dec 19, 1990 The Peoples Bank of Harrington DE Wilmington Trust Company
Dec 18, 1990 Graphic Arts Credit Union PA Trumark Credit Union
Dec 18, 1990 Northern Cities Bancorporation, Inc. MN U.S. Bancorp
Dec 18, 1990 Madv Cu PA Trumark Credit Union
Dec 17, 1990 SCR Employee Credit Union NY Boulevard Federal Credit Union
Dec 17, 1990 Central of Illinois, Inc. IL AMCORE Financial, Inc.
Dec 17, 1990 Security State Bank ND United Bank of Bismarck
Dec 17, 1990 Victory Building & Loan Association NJ Susquehanna Bank DV
Dec 16, 1990 State Savings Bank, National Association CT Fleet National Bank
Dec 15, 1990 SouthTrust Bank of Henry County AL SouthTrust Bank of Dothan, National Association
Dec 15, 1990 Shawmut Bank of Rhode Island RI State Savings Bank, National Association
Dec 15, 1990 First Interstate Bank of Spencer, National Association IA Boatmen's National Bank of Northwest Iowa
Dec 15, 1990 Norwest National Bank MN Wells Fargo Bank Minnesota, National Association
Dec 14, 1990 Warrick National Bank IN Old National Bank
Dec 14, 1990 Warrick Financial Corporation IN Old National Bancorp
Dec 14, 1990 Kanopolis Bankshares, Inc. KS First State Management Corporation, Inc.

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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