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
May 25, 1990	First Federal Savings & Loan	New Braunfels, TX	$232.3M	Victoria B&TC
May 25, 1990	Remington Federal Savings Assoc.	Elgin, TX	$127.0M	Deposit payout
May 25, 1990	Bank USA, Federal Association	Silvis, IL	$22.9M	Metrobank
May 24, 1990	Memorial Bank, N.A.	Houston, TX	$75.9M	Compass Bank Houston
May 24, 1990	Gentry County Bank	Albany, MO	$42.3M	Citizens National Bank
May 24, 1990	Farmers State Bank of Brookshire	Brookshire, TX	$19.4M	First Bank
May 24, 1990	Midway National Bank	Dallas, TX	$16.4M	Comerica Bank-Texas
May 18, 1990	Southwest Savings Association	Dallas, TX	$5.33B	Branch sale
May 18, 1990	Merchantsbank of Boston, a Co-Op	Boston, MA	$392.2M	The First National Bank of
May 18, 1990	First Federal Savings of Conroe	Conroe, TX	$174.3M	Banc One TX, N.A.
May 18, 1990	First FSA	Borger, TX	$63.2M	Amarillo NB
May 18, 1990	Jonesboro Federal Sa	Jonesboro, LA	$55.0M	Deposit payout
May 18, 1990	Jennings FSA	Jennings, LA	$54.1M	American Bank
May 17, 1990	First-Taylor National Bank	Taylor, TX	$74.0M	Citizens State Bank
May 17, 1990	The First National Bank of Georgetown	Georgetown, TX	$71.6M	NCNB Texas National Bank
May 15, 1990	United Savings FSB	Paterson, NJ	$245.8M	Deposit payout
May 11, 1990	United Savings Bank, FSB	Windom, MN	$161.5M	Branch sale
May 11, 1990	The Federal Savings Banc F.A.	Arlington, TX	$137.3M	Deposit payout
May 11, 1990	Great West Federal Savings Bank	Craig, CO	$28.1M	First NB of Meeker
May 11, 1990	First FSA of Breaux Bridge	Breaux Bridge, LA	$20.4M	Teche FSB
May 10, 1990	Commonwealth National Bank	Dallas, TX	$44.5M	Comerica Bank-Texas
May 10, 1990	First National Bank of Grand Saline	Grand Saline, TX	$28.6M	Texas National Bank
May 10, 1990	First National Bank of Desoto	Desoto, TX	$24.1M	Hibernia National Bank in T
May 10, 1990	Dominion National Bank of Denver	Denver, CO	$15.3M	Omnibank Southeast
May 9, 1990	Chancery National Bank	Denver, CO	$15.2M	The Women's Bank, N.A.
May 8, 1990	Mississippi Savings Bank, FSB	Batesville, MS	$172.3M	Deposit payout
May 4, 1990	Capitol Federal Savings & Loan	Aurora, CO	$980.6M	Central Bank Dever, N.A.
May 4, 1990	Mutual Aide S & La	Manasquan, NJ	$103.3M	Provident SB
May 4, 1990	Peninsula S & La	South San Francisco, CA	$51.8M	Westcal NB
May 4, 1990	Tucker State Bank	Jacksonville, FL	$41.8M	Barnett Bank of Jacksonvill
May 4, 1990	Security Federal Savings Bank	Carlsbad, NM	$26.9M	Western Commerce Bank
May 4, 1990	First Fed. Savings Bank & Trust	Independence, MO	$25.4M	Bank 10
May 3, 1990	Richardson National Bank	Richardson, TX	$50.5M	Comerica Bank - Texas
May 3, 1990	First National Bank, Northeast	Austin, TX	$18.0M	Hibernia National Bank in T
Apr 27, 1990	Santa Barbara S & L Assoc.	Santa Barbara, CA	$4.29B	Bank of America Ntsa
Apr 27, 1990	Home Owners Savings Bank	Burlington, MA	$3.49B	Branch sale
Apr 26, 1990	Trinity National Bank of Dallas	Dallas, TX	$37.1M	Bank One, Texas, National a
Apr 26, 1990	Signature Bank, N.A.	Dallas, TX	$26.8M	Compass Bank-Plano
Apr 26, 1990	Guardian Bank	Scottsdale, AZ	$25.9M	Citibank (Arizona)
Apr 26, 1990	Central Arizona Bank	Chandler, AZ	$6.6M	Security Pacific Bank Arizo
Apr 20, 1990	First Network Savings Bank	Los Angeles, CA	$303.8M	Deposit payout
Apr 20, 1990	First Savings & Loan	Massilon, OH	$168.2M	Branch sale
Apr 20, 1990	Enterprise Fed. FSA	Clearwater, FL	$62.6M	Comerica Bank-FL, FSB
Apr 20, 1990	Texas FSA	San Antonio, TX	$55.4M	Deposit payout
Apr 20, 1990	Southeastern Federal Savings Bank	Laurel, MS	$49.8M	Citizens NB of Meridian
Apr 20, 1990	Heritage FSA	Lamar, CO	$45.9M	First NB in Lamar
Apr 20, 1990	Bergen Park National Bank	Evergreen, CO	$5.8M	Nederland National Bank
Apr 19, 1990	Chas. Schreiner Bank	Kerrville, TX	$228.1M	NCNB Texas National Bank
Apr 19, 1990	Cove State Bank	Copperas Cove, TX	$37.3M	The National Bank of Gatesv
Apr 19, 1990	Acadiana National Bank	Lafayette, LA	$33.5M	First National Bank of St.

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
Nov 30, 1990	Lafayette County Bancshares, Inc.	MO	Lafayette Bancshares, Inc.
Nov 30, 1990	Big Six Towers Federal Credit Union	NY	Qside Federal Credit Union
Nov 29, 1990	Imc Magnetics Employees Federal Credit Union	NY	Fourleaf Federal Credit Union
Nov 27, 1990	Austenal Dover Federal Credit Union	NJ	Members Connect Federal Credit Union
Nov 24, 1990	BayBank Southeast, National Association	MA	BayBank South
Nov 17, 1990	F&M Bank	WI	Associated Bank North
Nov 17, 1990	Cole Taylor Operations Network Inc.	IL	Cole Taylor Bank
Nov 17, 1990	Heritage Bank of Mukwonago	WI	Johnson Bank
Nov 17, 1990	Lawrence National Employees Credit Union	MA	Metro Credit Union
Nov 16, 1990	Citizens Fidelity Bank and Trust Company Winchester	KY	Citizens Fidelity Bank and Trust Company Lexington
Nov 16, 1990	Lowcountry Bancshares, Inc.	SC	L S B Bancshares Inc of South Carolina
Nov 16, 1990	Santa Clarita National Bank	CA	(unnamed)
Nov 15, 1990	United Southern Corporation	MS	Union Planters Corporation
Nov 15, 1990	First Financial of Russellville, Inc.	KY	Trans Financial, Inc.
Nov 15, 1990	Aplington Insurance, Inc.	IA	GL & ML, Limited
Nov 13, 1990	Quality Federal Credit Union	CT	Mutual Security Credit Union, Inc.
Nov 13, 1990	Jordan Business Forms Federal Credit Union	NC	Truliant Federal Credit Union
Nov 10, 1990	Utah Deseret Mortgage Corporation	UT	Wells Fargo Trust Company, N.A.
Nov 10, 1990	Mountain View Investment Company	UT	Wells Fargo Trust Company, N.A.
Nov 10, 1990	Deseret Bancorporation	UT	First Security Corporation
Nov 10, 1990	Deseret Bank	UT	Wells Fargo Trust Company, N.A.
Nov 10, 1990	The Bank of Baltimore	MD	The Bank of Baltimore
Nov 10, 1990	G. L. Corporation	UT	Wells Fargo Trust Company, N.A.
Nov 9, 1990	Shawmut Worcester County Bank, National Association	MA	Fleet National Bank of Massachusetts
Nov 7, 1990	Pajaro Valley Bancorporation	CA	Pacific Capital Bancorp
Nov 5, 1990	(unnamed)	—	First Midwest Bank
Nov 3, 1990	The Seymour Trust Company	CT	Fleet National Bank
Nov 3, 1990	Friendship Federal Credit Union	NC	Members Credit Union
Nov 3, 1990	(unnamed)	—	New Hampshire Savings Bank
Nov 3, 1990	The Planters Corporation	NC	RBC Bancorporation (USA)
Nov 3, 1990	Peoples Bancorporation	NC	RBC Bancorporation (USA)
Nov 3, 1990	The Planters National Bank and Trust Company	NC	RBC Bank (USA)
Nov 3, 1990	Peoples Bank & Trust Company	NC	RBC Bank (USA)
Nov 3, 1990	Chester Bank	CT	Fleet National Bank
Nov 3, 1990	Home Savings and Loan Association	OH	First National Bank Northwest Ohio
Nov 3, 1990	F & M Bank	WI	Associated Bank North
Nov 3, 1990	Peoples Bank of the Triad	NC	RBC Bank (USA)
Nov 2, 1990	First Interstate Leasing, Inc.	ND	First Interstate of North Dakota, Inc.
Nov 1, 1990	(unnamed)	—	M&I Bank of Dodgeville
Nov 1, 1990	Affiliated Bank/Chicago	IL	Lasalle Bank Illinois
Nov 1, 1990	SBT Bancorp, Inc.	IL	Old National Bancorp
Nov 1, 1990	Pine Ridge Management Co.	NE	C.S.B. Co.
Nov 1, 1990	NBD Kalamazoo Bank	MI	Bank One, Michigan
Nov 1, 1990	NBD Cadillac Bank	MI	Bank One, Michigan
Nov 1, 1990	NBD Petoskey, National Association	MI	Bank One, Michigan
Nov 1, 1990	River Valley Credit Union	IL	Illiana Financial Credit Union
Nov 1, 1990	NBD Grand Haven	MI	Bank One, Michigan
Nov 1, 1990	Old Kent Bank-St. Charles, National Association	IL	Old Kent Bank, National Association
Nov 1, 1990	Affiliated Bank/Morton Grove	IL	Lasalle Bank Illinois
Nov 1, 1990	NBD Grand Rapids, National Association	MI	Bank One, Michigan

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

Browse adjacent years: 1989 · 1991

Or jump to a category: Failures · Mergers · Enforcement · Assistance