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
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
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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