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
Jan 26, 1990	Fidelity Bank, N.A.	San Antonio, TX	$36.6M	Texas Commerce Bank - San a
Jan 26, 1990	Grand Prairie FS & La	Stuttgart, AR	$31.5M	Deposit payout
Jan 26, 1990	Uvalde FS & La	Uvalde, TX	$13.3M	Deposit payout
Jan 25, 1990	Farmers State Bank of Shiro, Texas	Shiro, TX	$4.6M	The First National Bank of
Jan 24, 1990	Empire of America FSB	Buffalo, NY	$8.17B	Branch sale
Jan 18, 1990	Duval Federal Savings Assn.	Jacksonville, FL	$1.02B	Branch sale
Jan 18, 1990	Gem City FS & La	Quincy, IL	$290.4M	Branch sale
Jan 18, 1990	Colonial Federal Savings Assoc.	Prairie Village, KS	$136.4M	First Colonial Bank N.A.
Jan 18, 1990	Marshall FS & La	Marshall, TX	$62.0M	Kilgore FS&LA
Jan 18, 1990	First Fed. Savings Assoc. of York	York, NE	$59.7M	First Trust Company of York
Jan 18, 1990	Karnes County FS & La	Karnes City, TX	$53.1M	Victoria B&TC
Jan 18, 1990	Frontier Federal Savings Bank	Belleville, IL	$45.3M	Union Bank of E. St. Louis
Jan 18, 1990	Brookhaven FS & La	Brookhaven, MS	$42.7M	Magnolia FB for Savings
Jan 18, 1990	Standard FSA	Houston, TX	$13.5M	Deposit payout
Jan 11, 1990	Atlantic Financial Savings	Bala Cynwyd, PA	$5.30B	Branch sale
Jan 11, 1990	Horizon Savings Bank, FSB	Wilmette, IL	$1.22B	Branch sale
Jan 11, 1990	Investment FS & La	Chatsworth, CA	$247.8M	Fidelity FB, FSB
Jan 11, 1990	Family Federal Savings	Dallas, OR	$164.2M	Washington FS&LA
Jan 11, 1990	St. Charles FSA	St. Charles, IL	$146.5M	Old Kent Bank, N.A.
Jan 11, 1990	Certified FSA	Georgetown, TX	$118.9M	Deposit payout
Jan 11, 1990	Deposit Trust Federal Savings	Monroe, LA	$98.0M	First Republic Bank
Jan 11, 1990	St. Louis County Savings Assoc.	Ferguson, MO	$85.8M	South Side NB in St. Louis
Jan 11, 1990	Wilshire FS & La	Los Angeles, CA	$78.1M	Deposit payout
Jan 11, 1990	American FSB	Sanford, ME	$51.8M	Branch sale
Jan 11, 1990	Financial FS & La	Fresno, CA	$31.2M	Deposit payout
Jan 11, 1990	Plaza Del Oro National Bank	Houston, TX	$15.7M	National Commerce Bank
Jan 4, 1990	Midwest Federal Savings Bank	Minot, ND	$955.0M	Branch sale
Jan 4, 1990	First Guaranty Bank for Savings	Hattiesburg, MS	$241.0M	Branch sale
Jan 4, 1990	First Central Federal Savings Bank	Chariton, IA	$112.8M	Branch sale
Jan 4, 1990	The First National Bank of San Marcos	San Marcos, TX	$77.6M	Victoria Bank & Trust Compa
Jan 4, 1990	Bannerbanc FS & La	Garland, TX	$46.0M	Colonial S&LA

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
Dec 31, 1990	Lincoln County School Employees Credit Union	MT	Lincoln County Credit Union
Dec 31, 1990	Halstead Employees Federal Credit Union	PA	Beaver Valley Federal Credit Union
Dec 31, 1990	Bank of New England - Old Colony, National Association	MA	Bank of New England, N.A.
Dec 31, 1990	Southland Bank of Dothan	AL	Southland Bank b/b/a Ameris
Dec 31, 1990	Plough's Credit Union	TN	Synergy Bank
Dec 31, 1990	Prudential Bancorp	CA	Orange Bancorp
Dec 31, 1990	Washington Trust Equity Corporation	WA	Washington Trust Bank
Dec 31, 1990	Miami Agency, Inc.	KS	Team Financial, Inc.
Dec 31, 1990	Stupp Corporation	LA	Stupp Bros., Inc.
Dec 31, 1990	Independent Community Bancshares, Inc.	WI	Valley Bancorporation
Dec 31, 1990	Johnson Heritage Bancorp, Ltd.	WI	Johnson Financial Group, Inc.
Dec 31, 1990	HFB Corp	IL	HNB Corp.
Dec 31, 1990	Village Ventures, Inc.	NY	Village Bank
Dec 31, 1990	Village Investors Corp.	NY	Village Bank
Dec 31, 1990	South Main Street Properties Inc.	VA	Village Bank
Dec 31, 1990	Village Services, Inc.	NY	Village Bank
Dec 31, 1990	Builders Engineering Company	MO	Stupp Bros., Inc.
Dec 31, 1990	Dominion Bank of Northern Virginia, National Association	VA	First Union National Bank of Virginia
Dec 30, 1990	VSB Service Corporation	VA	Village Bank
Dec 30, 1990	Airport State Bank of Duluth	MN	North Shore Bank of Commerce
Dec 29, 1990	Safrabank	FL	SafraBank National Association
Dec 29, 1990	First Bank & Trust	KS	UMB-First Bank & Trust, National Association
Dec 29, 1990	National Van Employees Credit Union	IL	Bensenville Community Credit Union
Dec 29, 1990	Dominion Bank of Richmond, National Association	VA	First Union National Bank of Virginia
Dec 29, 1990	Grantsburg Community Federal Credit Union	WI	Indianhead Credit Union
Dec 28, 1990	(unnamed)	—	Mineral King National Bank
Dec 28, 1990	First State Bancorp of Harvey	IL	First Mutual Bancorp of Illinois, Inc.
Dec 28, 1990	Mercantile Bank of Washington County	MO	Mercantile Bank of the Mineral Area
Dec 27, 1990	Hebron Credit Union	ND	Western Cooperative Credit Union
Dec 26, 1990	Banque De L'Union Europeene	—	Credit Industriel Et Commercial
Dec 22, 1990	First National Bank	KS	Emprise Bank, National Association
Dec 21, 1990	Apsb Bancorp	CA	American Pacific State Bank
Dec 20, 1990	Mountain Credit Corporation	KY	The Bank of Whitesburg
Dec 19, 1990	Old Bucks Building and Loan Association	NJ	The Community National Bank of New Jersey
Dec 19, 1990	The Peoples Bank of Harrington	DE	Wilmington Trust Company
Dec 18, 1990	Graphic Arts Credit Union	PA	Trumark Credit Union
Dec 18, 1990	Northern Cities Bancorporation, Inc.	MN	U.S. Bancorp
Dec 18, 1990	Madv Cu	PA	Trumark Credit Union
Dec 17, 1990	SCR Employee Credit Union	NY	Boulevard Federal Credit Union
Dec 17, 1990	Central of Illinois, Inc.	IL	AMCORE Financial, Inc.
Dec 17, 1990	Security State Bank	ND	United Bank of Bismarck
Dec 17, 1990	Victory Building & Loan Association	NJ	Susquehanna Bank DV
Dec 16, 1990	State Savings Bank, National Association	CT	Fleet National Bank
Dec 15, 1990	SouthTrust Bank of Henry County	AL	SouthTrust Bank of Dothan, National Association
Dec 15, 1990	Shawmut Bank of Rhode Island	RI	State Savings Bank, National Association
Dec 15, 1990	First Interstate Bank of Spencer, National Association	IA	Boatmen's National Bank of Northwest Iowa
Dec 15, 1990	Norwest National Bank	MN	Wells Fargo Bank Minnesota, National Association
Dec 14, 1990	Warrick National Bank	IN	Old National Bank
Dec 14, 1990	Warrick Financial Corporation	IN	Old National Bancorp
Dec 14, 1990	Kanopolis Bankshares, Inc.	KS	First State Management Corporation, Inc.

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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