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 | Assets |
|---|---|---|
| Feb 23, 1990 | Imperial Federal Savings Assoc. | $9.58B |
| Feb 23, 1990 | Mercury Savings | $2.16B |
| Feb 23, 1990 | First Atlantic S & La | $1.30B |
| Feb 23, 1990 | Texasbanc Savings | $248.8M |
| Feb 23, 1990 | Provident Sa | $244.9M |
| Feb 23, 1990 | Nowlin Sa | $200.5M |
| Feb 23, 1990 | Vanguard SB | $176.9M |
| Feb 23, 1990 | Frontier FS & La | $146.9M |
| Feb 23, 1990 | Community Federal Savings Bank | $112.0M |
| Feb 23, 1990 | First Standard Fed. Savings Assoc. | $77.6M |
| Feb 23, 1990 | First Federal Sav. ASSOC./BLUEFIELD | $39.3M |
| Feb 23, 1990 | The Bank of Ruidoso | $27.8M |
| Feb 23, 1990 | Greenwood FS & La | $26.7M |
| Feb 23, 1990 | The Red River Bank | $6.5M |
| Feb 22, 1990 | The First State Bank of Regent | $9.7M |
| Feb 21, 1990 | The Ben Franklin FS & La | $4.62B |
| Feb 16, 1990 | Franklin FSA | $9.26B |
| Feb 16, 1990 | Great American FS & La | $1.01B |
| Feb 16, 1990 | State FS & La | $526.3M |
| Feb 16, 1990 | Western Empire FS & La | $406.6M |
| Feb 16, 1990 | Freedom Sa | $360.4M |
| Feb 16, 1990 | Heritage FSB | $225.0M |
| Feb 16, 1990 | Equitable S & La, F.A. | $73.2M |
| Feb 16, 1990 | Fidelity Savings Bank | $16.3M |
| Feb 15, 1990 | Huffman Bank | $22.0M |
| Feb 15, 1990 | Northway National Bank | $19.1M |
| Feb 15, 1990 | Gateway National Bank | $8.6M |
| Feb 9, 1990 | Abq Bank, a FSB | $2.02B |
| Feb 9, 1990 | American Federal Savings Assoc. | $910.7M |
| Feb 9, 1990 | Vermont Sa | $334.9M |
| Feb 9, 1990 | Huntington FS & La | $120.4M |
| Feb 9, 1990 | Liberty Savings Bank FSB | $49.5M |
| Feb 9, 1990 | Fairmont Federal Savings Assoc. | $46.0M |
| Feb 8, 1990 | The First National Bank of Colbert | $17.9M |
| Feb 2, 1990 | Centrust Bank, SB | $8.22B |
| Feb 2, 1990 | Pioneer Savings Bank, FSB | $1.94B |
| Feb 2, 1990 | Clyde FS & La | $574.7M |
| Feb 2, 1990 | Sentinel FS & La | $174.9M |
| Feb 2, 1990 | Henderson Home S & La | $50.4M |
| Feb 2, 1990 | Citizens National Bank of Walnut Ridge | $37.5M |
| Feb 2, 1990 | Commerce Bank of Tampa | $21.6M |
| Feb 1, 1990 | Tyler National Bank | $24.7M |
| Jan 31, 1990 | Merabank FSB | $6.32B |
| Jan 26, 1990 | Monroe Savings Bank, FSB | $520.6M |
| Jan 26, 1990 | Banctexas Dallas, N.A. | $340.9M |
| Jan 26, 1990 | Williamsburg FS & La | $310.5M |
| Jan 26, 1990 | Colonial S & La | $170.9M |
| Jan 26, 1990 | First Savings Assoc. | $113.4M |
| Jan 26, 1990 | Creditbank | $76.4M |
| Jan 26, 1990 | Palo Duro FS & La | $65.0M |
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 |
|---|---|---|
| Dec 14, 1990 | Water & Sanitation Employees Credit Union | Granite Federal Credit Union |
| Dec 14, 1990 | The Kanopolis State Bank | First Bank Kansas |
| Dec 13, 1990 | Southampton Memorial Hospital Federal Credit Union | Chartway Federal Credit Union |
| Dec 12, 1990 | First Federal Savings and Loan Association of Council Bluffs | First Bank, Federal Savings Bank |
| Dec 12, 1990 | First National Bank of Kermit | Western National Bank |
| Dec 12, 1990 | Saint Joseph's Healthcare Federal Credit Union | Allied Trades Credit Union |
| Dec 11, 1990 | First National Bank in Higgins | The First National Bank of Canadian |
| Dec 10, 1990 | Sovran Bank/Tri Cities | NationsBank of Tennessee, National Association |
| Dec 10, 1990 | Sovran Bank/Greenville | NationsBank of Tennessee, National Association |
| Dec 10, 1990 | F&M Bank of Slinger | Associated Bank Fond Du Lac |
| Dec 8, 1990 | Richmond Memorial Hospital Credit Union | Rva Financial Federal Credit Union |
| Dec 8, 1990 | Jacksonville Corps of Engrs Fcu | Radifi Federal Credit Union |
| Dec 7, 1990 | Third National Bank in Anderson County | SunTrust Bank, East Tennessee, National Association |
| Dec 7, 1990 | Third National Bank in Sevier County | SunTrust Bank, East Tennessee, National Association |
| Dec 7, 1990 | The Peoples Bank | SunTrust Bank, Nashville, National Association |
| Dec 7, 1990 | Third National Bank in Loudon County | SunTrust Bank, East Tennessee, National Association |
| Dec 7, 1990 | Third National Bank in Hamblen County | SunTrust Bank, East Tennessee, National Association |
| Dec 6, 1990 | Lindsborg Bancshares, Inc | Emprise Financial Corp. - Hutchinson |
| Dec 6, 1990 | The Farmers State Bank | Emprise Bank, National Association |
| Dec 4, 1990 | PTC Financial Corporation | Norwest Indiana, Inc. |
| Dec 4, 1990 | Ways Employees Credit Union | Greater Watertown Federal Credit Union |
| Dec 3, 1990 | Empire Bank, National Association | First Security Bank of California, N.A. |
| Dec 3, 1990 | Technicraft Incorporated Credit Union | Dutch Point Credit Union |
| Dec 2, 1990 | Citizens and Southern Financial Services, Incorporated | The Citizens and Southern Corporation |
| Dec 2, 1990 | Citizens and Southern Housing Corporation | The Citizens and Southern Corporation |
| Dec 2, 1990 | Citizens and Southern Realty Corporation | The Citizens and Southern Corporation |
| Dec 2, 1990 | Columbus Pepsi Cola Federal Credit Union | Wright-Patt Credit Union, Inc. |
| Dec 1, 1990 | The First National Bank of Enumclaw | Puget Sound Bank |
| Dec 1, 1990 | Unitech | BancFirst |
| Dec 1, 1990 | Rosendale Bancshares, Inc. | M&I LLC |
| Dec 1, 1990 | First Enumclaw Bancorporation | Puget Sound Bancorp |
| Dec 1, 1990 | Rosendale State Bank | M&I Central State Bank |
| Dec 1, 1990 | Southern Postal Cu | Center Parc Credit Union |
| Dec 1, 1990 | Bank of Peru | MainStreet Bank |
| Dec 1, 1990 | Pest Control Credit Union | Sacramento Credit Union |
| Dec 1, 1990 | Detroit Methodist Conference Credit Union | Unity Credit Union |
| Dec 1, 1990 | Chicago Commercial Credit Union | South Division Credit Union |
| Dec 1, 1990 | Chase Brass Employees Credit Union, Inc. | Cardinal Credit Union, Inc. |
| Dec 1, 1990 | Marion Va Hospital Credit Union | Siu Credit Union |
| Dec 1, 1990 | Whittier Citizens Credit Union | South Western Federal Credit Union |
| Dec 1, 1990 | Bristol Credit Union | Peoples Credit Union |
| Dec 1, 1990 | Breckinridge Teachers Credit Union | Commonwealth Federal Credit Union |
| Dec 1, 1990 | Farmers & Merchants Bank | First Security Bank |
| Dec 1, 1990 | First Family Credit Union | Dutrac Community Credit Union |
| Dec 1, 1990 | The First National Bank of Stoneboro | Mercer County State Bank |
| Dec 1, 1990 | First of America Bank - Oscoda | First of America Bank - Mid Michigan, National Association |
| Nov 30, 1990 | Farmers Bancorp of Sturgis, Inc. | Integra Bank Corporation |
| Nov 30, 1990 | Whitehall Bancorporation, Inc. | Rocky Mountain Bancorporation, Inc. |
| Nov 30, 1990 | Harlem Corporation | Rocky Mountain Bancorporation, Inc. |
| Nov 30, 1990 | Hudson Co C S No 1 Federal Credit Union | Ocnac No 1 Federal Credit Union |
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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