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
Apr 19, 1990	First State Bank of Crandall	Crandall, TX	$15.8M	The American National Bank
Apr 19, 1990	Security National Bank of Elgin	Elgin, TX	$10.8M	Elgin Bank of Texas
Apr 19, 1990	Corinth Deposit National Bank	Corinth, KY	$8.7M	The National Bank of Corint
Apr 18, 1990	The Seamen's Bank of Savings, FS	New York, NY	$3.39B	The Chase Manhattan Bank(na
Apr 12, 1990	First Federal Savings & Loan	Warner Robins, GA	$150.1M	CB&T Bank of Middle Ga
Apr 12, 1990	Constitution Fed. Savings Assoc.	Monterey Park, CA	$66.4M	Deposit payout
Apr 12, 1990	The Bazine State Bank	Bazine, KS	$16.9M	Farmers Bank & Trust, Natio
Apr 5, 1990	Colony Savings Bank, FSB	Monaca, PA	$427.5M	Branch sale
Apr 5, 1990	Champions Point National Bank	Houston, TX	$20.6M	Northwest Bank
Apr 5, 1990	First Bank & Trust Company	Cedar Hill, TX	$13.8M	NCNB Texas National Bank
Mar 30, 1990	Everman National Bank of Fort Worth	Fort Worth, TX	$65.9M	Bank One, Texas, National a
Mar 30, 1990	Imperial Bank	Coral Gables, FL	$23.2M	Commercebank, National Asso
Mar 29, 1990	Crown Bank, N.A.	San Antonio, TX	$22.8M	First City,texas-San Antoni
Mar 29, 1990	First National Bank of Garland	Garland, TX	$9.4M	State Bank of Texas
Mar 29, 1990	Alvord National Bank	Alvord, TX	$7.6M	The First National Bank of
Mar 22, 1990	The Central National Bank of San Angelo	San Angelo, TX	$147.4M	First National Bank at Lubb
Mar 22, 1990	Miami National Bank	Miami, FL	$46.4M	Commercebank, National Asso
Mar 22, 1990	Community Bank	New Caney, TX	$42.0M	Channelview Bank
Mar 22, 1990	American Bank of Arlington	Arlington, TX	$28.3M	Banc One, Texas, National a
Mar 22, 1990	The Waller Bank, N.A.	Waller, TX	$13.4M	First Bank Navasota
Mar 16, 1990	Pacific Coast S & La	San Francisco, CA	$1.04B	East-West FB, FSB
Mar 16, 1990	Whitestone Savings	Whitestone, NY	$396.9M	Astoria FS&LA
Mar 16, 1990	Nasau Federal Savings & Loan	Brooklyn, NY	$296.8M	Staten Island SB
Mar 16, 1990	First America FSB	Longmont, CO	$187.4M	Branch sale
Mar 16, 1990	Great American FS & La	Corinth, MS	$159.2M	Deposit payout
Mar 16, 1990	First FS & La of Wichita Falls	Wichita Falls, TX	$84.8M	Deposit payout
Mar 16, 1990	Lakeland Savings Bank FSB	Detroit Lakes, MN	$79.6M	First Security State Bank
Mar 16, 1990	United Federal Savings, F.A.	New Orleans, LA	$53.2M	United B&TC
Mar 16, 1990	Sun Federal Savings Assoc.	Fort Dodge, IA	$24.3M	Ida County State Bank
Mar 15, 1990	Bank of Meeker	Meeker, OK	$15.5M	First State Bank
Mar 15, 1990	Liberty City State Bank	Liberty City, TX	$15.2M	The First National Bank of
Mar 15, 1990	Independent National Bank	Phoenix, AZ	$12.4M	Citibank(arizona)
Mar 9, 1990	Nassau S & La	Princeton, NJ	$313.1M	Penn SB, FSB
Mar 9, 1990	Yorkwood S & La	Maplewood, NJ	$205.3M	Branch sale
Mar 9, 1990	Westport Federal Savings Bank	Hanford, CA	$169.6M	Deposit payout
Mar 9, 1990	Peoples FS & La	Bartlesville, OK	$105.5M	WestStar Bank N.A.
Mar 9, 1990	Investors Savings Bank	Nashville, TN	$81.1M	Amsouth Bank of TN
Mar 9, 1990	Hiawatha Savings & Loan	Hiawatha, KS	$49.2M	Morrill & Janes B&TC
Mar 9, 1990	First Bank N.A.	Cleveland, OH	$33.1M	—
Mar 8, 1990	University National Bank of College Statio	College Station, TX	$36.3M	First American Bank
Mar 8, 1990	Farmers State Bank	Schulenberg, TX	$32.7M	First Bank
Mar 8, 1990	Citizens National Bank	Denton, TX	$16.2M	Texas Bank
Mar 2, 1990	Pima S & La	Tucson, AZ	$2.73B	Bank of America, Az
Mar 2, 1990	North Carolina FS & La	Charlotte, NC	$628.1M	First Citizens B&TC
Mar 2, 1990	Security FS & La	Richmond, VA	$341.6M	Crestar Bank
Mar 2, 1990	Haven FS & La	Winter Haven, FL	$172.4M	Barnett Bank of Polk County
Mar 2, 1990	New Athens FS & La	New Athens, IL	$30.4M	United Il Bank of New Athen
Mar 1, 1990	Search National Bank	Dallas, TX	$21.2M	Hibernia National Bank in T
Mar 1, 1990	First National Bank of Sanger	Sanger, TX	$19.7M	The Gainesville National Ba
Mar 1, 1990	Community State Bank of Onalaska	Onalaska, TX	$9.7M	The Bank of Livingston

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 1, 1990	Huntington Bank of Campbell County, Inc.	KY	The Huntington National Bank of Kentucky
Sep 1, 1990	Appleton Teachers Credit Union	WI	Fox Communities Credit Union
Sep 1, 1990	Laborers 1177 Cu	LA	Formation Federal Credit Union
Sep 1, 1990	Huntington National Bank of Boone County	KY	The Huntington National Bank of Kentucky
Sep 1, 1990	First National Bank of Weirton	WV	United National Bank - North
Sep 1, 1990	Wolf Envelope Employees Credit Union, Inc.	OH	Firefighters Community Cu
Sep 1, 1990	NBD Sandusky Bank	MI	Bank One, Michigan
Sep 1, 1990	NBD Saginaw	MI	Bank One, Michigan
Sep 1, 1990	NBD Genesee Bank	MI	Bank One, Michigan
Sep 1, 1990	First of America Bank - Lewiston	MI	First of America Bank - Northern Michigan
Sep 1, 1990	TN Mill Empl Cu	TN	Y-12 Federal Credit Union
Sep 1, 1990	NBD Alpena Bank	MI	Bank One, Michigan
Sep 1, 1990	Americana State Bank	MN	Excel Bank Minnesota
Sep 1, 1990	Albany First Federal Savings and Loan Association	GA	SunTrust Bank, South Georgia, National Association
Sep 1, 1990	Pearl River Valley Fcu	LA	Zellco Federal Credit Union
Sep 1, 1990	Global Savings Bank, Federal Savings Bank	CA	United Commercial Bank
Sep 1, 1990	Northern California Grocers Association Credit Union	CA	S a F E Credit Union
Sep 1, 1990	First Federal Savings and Loan Association of Kendallville	IN	Peoples Federal Savings Bank of DeKalb County
Sep 1, 1990	Schmidt's Employees Credit Union	MN	Ideal Credit Union
Sep 1, 1990	Americana State Bank of Hayward	MN	Excel Bank Minnesota
Sep 1, 1990	Librascope Employees Credit Union	CA	Logix Federal Credit Union
Sep 1, 1990	T M Employees Credit Union	IL	Alero Financial Credit Union
Sep 1, 1990	Hartford Community Credit Union	WI	Glacier Hills Credit Union
Aug 31, 1990	Burnett State Bank	WI	Horicon Bank
Aug 31, 1990	First Canyon Bancorporation, Inc.	TX	First Canyon Bancorporation, Inc.
Aug 31, 1990	First Borger Bancshares, Inc.	TX	First Borger Bancshares, Inc.
Aug 31, 1990	Citizens National Corporation	IN	Ambanc Corp.
Aug 31, 1990	Sangamon County Credit Union	IL	Sangamo Chapter Credit Union
Aug 31, 1990	Delta Valley Federal Credit Union	LA	Shreveport Federal Credit Union
Aug 31, 1990	Cissell Credit Union	KY	Advanz Federal Credit Union
Aug 30, 1990	Bancboston Securities, Inc.	MA	Bankboston Corporation
Aug 27, 1990	Nine Lives Federal Credit Union	NC	First Flight Federal Credit Union
Aug 24, 1990	La Jolla Bank & Trust Company	CA	(unnamed)
Aug 24, 1990	Mother Lode Savings Bank	CA	U.S. Bank of California
Aug 23, 1990	First Banker's Mortgage Company	CA	La Jolla Bank & Trust Company
Aug 23, 1990	H.D. McNee Realty Advisors, Inc.	CA	La Jolla Bank & Trust Company
Aug 23, 1990	La Jolla Realty Capital Corporation	CA	La Jolla Bank & Trust Company
Aug 23, 1990	LJ Mortgage Company	CA	La Jolla Bank & Trust Company
Aug 23, 1990	Westbrook-Darfur State Bank	MN	Bank Midwest of Cottonwood County
Aug 20, 1990	Woodhull State Bank	IL	The Farmers National Bank of Geneseo
Aug 20, 1990	Boatmen's National Bank of Neosho	MO	Boatmen's Bank of Southwest Missouri
Aug 20, 1990	State Bank of Campbell	MO	First Community Bank, Missouri
Aug 18, 1990	Valley Bank Port Washington (National Association)	WI	Valley Bank
Aug 18, 1990	Bank One, Neenah, National Association	WI	Bank One, Appleton, National Association
Aug 16, 1990	Illini Bancshares, Inc.	IL	Raymond Bancorp, Inc.
Aug 15, 1990	NBC No. 700 Employees Federal Credit Union	NY	Matteawan Federal Credit Union
Aug 15, 1990	New York State Federation of Police Federal Credit Union	NY	Educational and Governmental Employees Federal Credit Union
Aug 15, 1990	Murray School District Credit Union	UT	Granite Federal Credit Union
Aug 14, 1990	Morgan Credit Union, Inc.	OH	Buckeye State Credit Union, Inc.
Aug 13, 1990	Texas Commerce Bank - Friendswood	TX	Chase Bank of Texas, National Association

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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