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.
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 | Acquirer |
|---|---|---|
| Sep 30, 1990 | Childrens Hospital of Pittsburgh Federal Credit Union | Greater Pittsburgh Federal Credit Union |
| Sep 30, 1990 | The Krakauer Fcu | Pannonia Federal Credit Union |
| Sep 30, 1990 | Teamsters Local 107 Federal Credit Union | Sun East Federal Credit Union |
| Sep 30, 1990 | Farmers and Merchants Bank | Clare Bank, N.A. |
| Sep 29, 1990 | Simonds Employees Credit Union | I C Federal Credit Union |
| Sep 29, 1990 | Hardin, Inc. | Central Bancshares, Inc. |
| Sep 29, 1990 | Cape County Bank | Union Planters Bank of Southeast Missouri |
| Sep 29, 1990 | Farmers and Merchants Bank | First Central Bank |
| Sep 28, 1990 | Health Employees & Related Organization Fcu | C-B-W School Federal Credit Union |
| Sep 28, 1990 | United Bancshares of Nebraska, Inc. | Ameriwest Corporation |
| Sep 28, 1990 | Progressive Building & Loan Association | Susquehanna Bank DV |
| Sep 27, 1990 | Carteret County Federal Credit Union | First Flight Federal Credit Union |
| Sep 27, 1990 | Biehl Nohoga Federal Credit Union | Members Trust of the Southwest Federal Credit Union |
| Sep 26, 1990 | Valley Mart Employees Federal Credit Union | South Texas Federal Credit Union |
| Sep 26, 1990 | F&M Bank, National Association | Associated Bank North |
| Sep 26, 1990 | Norwood Federal Savings Bank | Deerfield Federal Savings and Loan Association |
| Sep 25, 1990 | D.S.E. Credit Union | Radius Federal Credit Union |
| Sep 24, 1990 | United Bank, National Association | Texas Commerce Bank-Midland, National Association |
| Sep 22, 1990 | First Florida Bank of Orange County, National Association | (unnamed) |
| Sep 21, 1990 | Coastal National Bank | Texas Gulf Bank, N.A. |
| Sep 21, 1990 | The National Bank of Northern Virginia | Crestar Bank |
| Sep 21, 1990 | Chemical National Bank | Texas Gulf Bank, N.A. |
| Sep 21, 1990 | Alvin National Bank | Texas Gulf Bank, N.A. |
| Sep 21, 1990 | Farmers Bank of Grant City/Sheridan | Bank Midwest, N.A. |
| Sep 20, 1990 | E E L Federal Credit Union | Hamlet Federal Credit Union |
| Sep 19, 1990 | Park Falls State Bank | MidAmerica Bank North |
| Sep 17, 1990 | St. John:s Home Federal Credit Union | Rochester & Monroe County Employees Federal Credit Union |
| Sep 17, 1990 | Purdue Student Federal Credit Union | Purdue Federal Credit Union |
| Sep 15, 1990 | University Credit Union | Evolve Federal Credit Union |
| Sep 14, 1990 | The National Bank of Commerce of Belle | Huntington Bank Charleston N.A. |
| Sep 14, 1990 | Leigh Corporation | Citizens National Corporation |
| Sep 14, 1990 | First Federal Savings and Loan Association of Macon Co | Soy Capital Bank and Trust Company |
| Sep 13, 1990 | Canadian Imperial Holding Company | Canadian Imperial Holdings Inc. |
| Sep 13, 1990 | G.S.W. Building Corporation | Merchants Bancshares, Inc. |
| Sep 11, 1990 | Toddler Cu | Tennessee Valley Federal Credit Union |
| Sep 10, 1990 | Fifth Third Bank of Eastern Indiana | The Fifth Third Bank of Southeastern Indiana |
| Sep 10, 1990 | Exchange Bank of Lake County | LaSalle Bank Northbrook |
| Sep 10, 1990 | Society Bank, Lenawee | KeyBank National Association |
| Sep 9, 1990 | (unnamed) | Banco Popular, Illinois |
| Sep 8, 1990 | Valley Bank, Sun Prairie | Valley Bank |
| Sep 8, 1990 | Community Federal Savings and Loan Association | World Savings and Loan Association, A Federal Savings and Loan Associati |
| Sep 8, 1990 | Valley Bank of Oregon | Valley Bank |
| Sep 7, 1990 | Shawmut Arlington Trust Company | Fleet National Bank of Massachusetts |
| Sep 5, 1990 | Madison County Bank & Trust | Citizens Banking Company |
| Sep 4, 1990 | Neltner Employees Federal Credit Union | Trupartner Credit Union, Inc. |
| Sep 4, 1990 | Esselte Federal Credit Union | People's Alliance Federal Credit Union |
| Sep 1, 1990 | Americana Bank of Danube | Excel Bank Minnesota |
| Sep 1, 1990 | Sug Credit Union | Capitol Credit Union |
| Sep 1, 1990 | Elkhorn Bankshares Corporation | Firstar Corporation of Wisconsin |
| Sep 1, 1990 | First State Bank | 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 | Assets |
|---|---|---|
| Sep 12, 1990 | The Pawnee National Bank | $14.2M |
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