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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
Nov 2, 1990 Lone Star National Bank Dallas, TX $34.2M Comerica Bank - Texas
Nov 1, 1990 Trinity National Bank Benbrook, TX $21.5M —
Oct 26, 1990 City Savings & Loan San Antonio, TX $183.0M Deposit payout
Oct 26, 1990 Rancho Bernardo Fed. Sav. Bank San Diego, CA $118.6M Branch sale
Oct 26, 1990 The Farmers and Merchants Bank of Sheyenne Sheyenne, ND $2.9M The Ramsey National Bank an
Oct 25, 1990 First National Bank of Jackson Jackson, TN $73.7M First Tennessee Bank, Natio
Oct 23, 1990 Superior FSA Cleveland, OH $95.9M Home FSB, Northern Oh
Oct 19, 1990 Heritage Savings Bank, FSB Richmond, VA $888.8M CRFC Interim SB (Crestar Ba
Oct 19, 1990 First American Bank for Savings Boston, MA $526.2M The Boston Five Cents Savin
Oct 19, 1990 Gold Coast Savings Bank Plantation, FL $151.7M Branch sale
Oct 19, 1990 The Brooklyn Savings Bank Danielson, CT $130.9M Willimantic Savings Institu
Oct 19, 1990 Metropolitan National Bank McAllen, TX $19.9M Raymondville State Bank
Oct 12, 1990 International FS & La N. Miami Beach, FL $84.2M Deposit payout
Oct 11, 1990 United Peoples Bank Lampasas, TX $32.7M The First National Bank of
Oct 5, 1990 The Peoples Bank & Trust Company Natchitoches, LA $117.0M Heritage Bank of Natchitoch
Oct 5, 1990 Mountain Ridge State Bank West Orange, NJ $51.4M Mountain Ridge Bank
Oct 4, 1990 Woodway Bank and Trust, N.A. Houston, TX $35.4M National Commerce Bank
Sep 27, 1990 Fort Worth State Bank Fort Worth, TX $20.7M Fidelity Bank
Sep 27, 1990 Great Western National Bank Lewisville, TX $13.4M First Western National Bank
Sep 21, 1990 Sentry Federal Savings Bank Hyannis, MA $735.5M New Bedford Institution for
Sep 21, 1990 Yorkville Federal Savings New York, NY $344.7M Northern SB
Sep 21, 1990 Hidalgo Savings & Loan Edinburg, TX $154.8M Branch sale
Sep 21, 1990 Mercer Savings Bank Trenton, NJ $92.7M Pulawski SB, Sla
Sep 21, 1990 Texas Commercial Sa Sulphur Springs, TX $27.7M First American Bank
Sep 20, 1990 First Comanche Bank Comanche, TX $33.1M —
Sep 20, 1990 City National Bank of Irving Irving, TX $32.1M Comerica Bank-Texas
Sep 20, 1990 First State Bank of Rising Star Rising Star, TX $14.0M The Peoples State Bank
Sep 14, 1990 First SB of Hempstead Hempstead, TX $35.4M Deposit payout
Sep 14, 1990 Ingram State Bank Ingram, TX $23.5M —
Sep 14, 1990 Citizens National Bank Kerrville, TX $12.8M —
Sep 13, 1990 Western National Bank Fort Worth, TX $34.0M Central Bank and Trust
Sep 13, 1990 First National Bank of Kennedale Kennedale, TX $27.5M Central Bank and Trust
Sep 13, 1990 Citizens Bank Clarksville, TX $15.9M State Bank of Dekalb
Sep 13, 1990 First National Bank of Crosby Crosby, ND $12.4M First National Bank & Trust
Sep 7, 1990 El Paso Federal Savings El Paso, TX $433.1M Deposit payout
Sep 7, 1990 First City FSB Lucedale, MS $41.7M Magnolia FB for Savings
Sep 6, 1990 Northside Bank San Antonio, TX $54.7M Bank One, Texas, National a
Aug 31, 1990 Ensign Bank, FSB New York, NY $1.78B Branch sale
Aug 31, 1990 First American Savings Bank, FSB Santa Fe, NM $123.6M Deposit payout
Aug 31, 1990 Atlanta FSA Atlanta, TX $89.4M Kilgore FS&LA
Aug 31, 1990 First FSA Winnfield, LA $54.7M Deposit payout
Aug 30, 1990 Bay City Bank & Trust Co. Bay City, TX $79.6M First State Bank and Trust
Aug 30, 1990 The First National Bank of Levelland Levelland, TX $62.2M Citizens Bank
Aug 30, 1990 Citizens National Bank El Campo, TX $51.3M First Bank
Aug 30, 1990 Chisholm National Bank Plano, TX $20.9M Comerica Bank-Texas
Aug 30, 1990 American Bank of Commerce, N.A. Del Rio, TX $17.4M Del Rio National Bank
Aug 30, 1990 Security National Bank Austin, TX $15.1M Liberty National Bank
Aug 30, 1990 First Bank of Plano Plano, TX $9.2M Compass Bank-Plano
Aug 24, 1990 First FS & La Temple, TX $315.4M Kilgore FS&LA
Aug 24, 1990 Ambassador FS & La Tamarac, FL $184.1M Bank of North America

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
Oct 1, 1990 Potomac Bancorp, Inc. WV WM Bancorp
Oct 1, 1990 Arvin Employees Credit Union IN Centra Credit Union
Oct 1, 1990 Georgia Episcopal Fcu GA The Southern Credit Union
Oct 1, 1990 Metropolitan Federal Bank Minnesota Federal Savings Bank MN First Bank, Federal Savings Bank
Oct 1, 1990 Pilgrim Empl Fcu GA Fort Gordon and Community Credit Union
Oct 1, 1990 Statesman Insurance Employees Federal Credit Union IN Forum Credit Union
Oct 1, 1990 Rajco Credit Union, Inc. KY C & O United Credit Union
Oct 1, 1990 (unnamed) — The Shelby State Bank
Oct 1, 1990 Greyhound Mid-America Credit Union MO Mazuma Credit Union
Oct 1, 1990 D a I Employees Federal Credit Union IL North Side L Federal Credit Union
Oct 1, 1990 First National Bank of Central Jersey NJ National Westminster Bank USA
Oct 1, 1990 N.L.R. Uniformed Employees Federal Credit Union AR Arkansas Federal Credit Union
Oct 1, 1990 Maryland State Bank MD Bank of Maryland
Oct 1, 1990 (unnamed) — First of America Bank-Quad Cities, National Association
Oct 1, 1990 Bank of Maryland - Montgomery County MD Bank of Maryland
Oct 1, 1990 Miami Childrens Hospital Credit Union FL Tropical Financial Credit Union
Oct 1, 1990 Rainier Federal Credit Union WA Qualstar Credit Union
Oct 1, 1990 Pirse Federal Credit Union PA Fedchoice Federal Credit Union
Oct 1, 1990 Bay National Bank MD Bank of Maryland
Oct 1, 1990 Junction State Bank WI Bank of Athens
Oct 1, 1990 First of America Bank-Ottawa IL First of America Bank-DeKalb, National Association
Oct 1, 1990 Aerovox Employees Credit Union MA First Citizens Federal Credit Union
Oct 1, 1990 Metropolitan Federal Bank of Iowa IA First Bank, Federal Savings Bank
Oct 1, 1990 Shenango Valley Federal Credit Union PA Mercer County Community Federal Credit Union
Oct 1, 1990 Cornerstone Bank NH BayBank NH, National Association
Oct 1, 1990 Marshall Field and Company Employees Credit Union IL Bestsource Credit Union
Oct 1, 1990 Firestone Factory Employees Credit Union, Inc. OH B F G Federal Credit Union
Oct 1, 1990 (unnamed) — Corestates Bank, National Association
Oct 1, 1990 C T a General Office Federal Credit Union IL North Side L Federal Credit Union
Oct 1, 1990 Industrial Workers Fcu GA Augusta Metro Federal Credit Union
Oct 1, 1990 Bank of Oklahoma, Claremore OK RCB Bank
Oct 1, 1990 North Park Garage Federal Credit Union IL 77th Street Depot Federal Credit Union
Oct 1, 1990 C C East Federal Credit Union GA Kinetic Credit Union
Oct 1, 1990 Mcea West Virginia Federal Credit Union WV Chessie Federal Credit Union
Oct 1, 1990 Citrus CMNTY Fcu FL Martin Federal Credit Union
Oct 1, 1990 C&S Credit Union MI Credit Union One
Oct 1, 1990 Garrett Freightlines Employees Federal Credit Union ID Rails West Federal Credit Union
Oct 1, 1990 Anchor Savings and Loan Association IN Citizens Financial Bank
Oct 1, 1990 Wisconsin United Methodist Credit Union WI Pioneer Credit Union
Oct 1, 1990 LaSalle National Bank IL LaSalle Bank National Association
Oct 1, 1990 Citizens Credit Union MI Genisys Credit Union dba Genisys Investment Services
Oct 1, 1990 First America Bank - Mt. Pleasant MI First of America Bank - Mid Michigan, National Association
Oct 1, 1990 Caddo Parish Credit Union LA Wesla Federal Credit Union
Sep 30, 1990 Southern Humboldt Grangers Credit Union CA Butte Federal Credit Union
Sep 30, 1990 Shawsville Bancorp, Incorporated VA Premier Bankshares Corporation
Sep 30, 1990 Salon Credit Union CA California Bear Credit Union
Sep 30, 1990 Clark County Schools Credit Union, Inc. OH Heartland Federal Credit Union
Sep 30, 1990 The First National Bank of Boscobel WI Clare Bank, N.A.
Sep 30, 1990 Citizens State Bank WI Clare Bank, N.A.
Sep 30, 1990 The Bloomington State Bank WI Clare Bank, N.A.

The list holds 500 of the 973 mergers recorded for 1990.

Enforcement Actions in 1990

Action date Agency Institution Action
Jul 25, 1990 OCC_OTS Lake Savings and Loan Association Cease and Desist: Lake Savings and Loan Association
Jul 25, 1990 OCC The First National Bank of Castle Rock Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank Of Castle …
Jul 25, 1990 OCC Wellington Trust Company N.A. Civil Money Penalty (CMP): Wellington Trust Company, National Association
Jul 23, 1990 OCC_OTS (individual) Orders of Removal/Prohibition: David P. Moses
Jul 23, 1990 OCC_OTS (individual) Orders of Removal/Prohibition: David P. Moses
Jul 23, 1990 FRB (individual) Prohibition from Banking: Sherwin Willens
Jul 23, 1990 OCC_OTS United Savings Bank, Federal Savings Bank Orders of Removal/Prohibition: Gregory W. Schneider
Jul 20, 1990 OCC WNB Financial, N.A. Prohibition/Removal Orders: Gernes, John A.
Jul 20, 1990 OCC WNB Financial, N.A. Civil Money Penalty (CMP): Gernes, John A.
Jul 19, 1990 OCC Mid Jersey National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Mid-Jersey National Bank
Jul 18, 1990 OCC United Bank of Monaco National Association Civil Money Penalty (CMP): United Bank Of Monaco, N.A
Jul 18, 1990 OCC_OTS (individual) Cease and Desist: First Federal Savings and Loan Association of Ironton
Jul 17, 1990 OCC_OTS Huntington Federal Savings and Loan Association Orders of Removal/Prohibition: Randall W. Ruppe
Jul 17, 1990 OCC Continental Bancorp Civil Money Penalty (CMP): Continental National Bank
Jul 17, 1990 OCC First Colorado Bank of Pueblo, National Association Civil Money Penalty (CMP): First Colorado Bank Of Pueblo, N.A.
Jul 17, 1990 OCC The Merchants National Bank of Sacramento Civil Money Penalty (CMP): The Merchants National Bank Of Sacramento
Jul 17, 1990 OCC Burbank National Bank Civil Money Penalty (CMP): Baldwin, Kay
Jul 17, 1990 OCC Burbank National Bank Civil Money Penalty (CMP): Kelley, Robert V.
Jul 17, 1990 OCC Burbank National Bank Civil Money Penalty (CMP): Morhaime, Victor
Jul 17, 1990 OCC Burbank National Bank Civil Money Penalty (CMP): Shank, Clifford
Jul 17, 1990 OCC_OTS Citizens Savings Association Cease and Desist: Citizens Savings Association
Jul 16, 1990 OCC Harbor National Bank of Connecticut Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Harbor National Bank Of Connecticut
Jul 13, 1990 OCC_OTS Security Federal Savings and Loan Association Civil Money Penalty: Richard D. Barbieri, Jr.
Jul 13, 1990 OCC The Citizens National Bank of Tipton Civil Money Penalty (CMP): The Citizens National Bank Of Tipton
Jul 13, 1990 OCC_OTS Security Federal Savings and Loan Association Cease and Desist: Security Savings and Loan Association
Jul 12, 1990 OCC_OTS Security Federal Savings and Loan Association Civil Money Penalty: Richard D. Barbieri
Jul 10, 1990 OCC_OTS (individual) Orders of Removal/Prohibition: Patrick Rogan
Jul 9, 1990 OCC First Bank N.A. Civil Money Penalty (CMP): Bustamante, John H.
Jul 9, 1990 OCC Highlands Community Bank, N.A. Civil Money Penalty (CMP): Hunterdon National Bank
Jul 6, 1990 OCC First National Bank at Oswego Prohibition/Removal Orders: Leeseberg, Roger P.
Jul 5, 1990 OCC_OTS Columbia Savings and Loan Association, Federal Association Civil Money Penalty: Thomas Spiegel
Jul 5, 1990 OCC_OTS Concordia Federal Bank for Savings Orders of Removal/Prohibition: William A. Seals
Jul 5, 1990 OCC_OTS Columbia Savings and Loan Association, Federal Association Cease and Desist: Thomas Spiegel
Jul 5, 1990 OCC Marine Midland Holdings, Inc. Civil Money Penalty (CMP): Marine Midland Bank, N.A.
Jul 3, 1990 OCC_OTS United Savings Bank, Federal Savings Bank Orders of Removal/Prohibition: Kenneth J. Bureau
Jul 3, 1990 OCC_OTS United Savings Bank, Federal Savings Bank Orders of Removal/Prohibition: Kenneth J. Bureau
Jul 3, 1990 OCC_OTS United Savings Bank, Federal Savings Bank Orders of Removal/Prohibition: William J. Bartolic
Jul 3, 1990 OCC_OTS United Savings Bank, Federal Savings Bank Orders of Removal/Prohibition: E. Ted Yoch
Jul 3, 1990 OCC_OTS United Savings Bank, Federal Savings Bank Orders of Removal/Prohibition: Gary E. Nordness
Jul 3, 1990 OCC_OTS United Savings Bank, Federal Savings Bank Orders of Removal/Prohibition: Howard L. Rekstad
Jul 3, 1990 OCC_OTS First Federal Savings Bank Orders of Removal/Prohibition: Jose Manuel Alcorcer
Jul 2, 1990 OCC_OTS Florida Savings Bank Civil Money Penalty: Stephen M. Duckworth
Jun 29, 1990 OCC_OTS General Federal Savings Bank Orders of Removal/Prohibition: Rene Valverde
Jun 29, 1990 OCC First National Bank of Huntsville Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Hunstville
Jun 29, 1990 OCC Peoples National Bank Civil Money Penalty (CMP): Peoples National Bank
Jun 28, 1990 OCC_OTS Western Financial Savings Bank Civil Money Penalty: Western Financial Savings Bank
Jun 26, 1990 OCC National Bank of Commerce in Pawhuska Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): National Bank of Commerce in Pawhuska
Jun 25, 1990 OCC_OTS Caguas-Central Federal Savings Bank of Puerto Rico Orders of Removal/Prohibition: Francisco Sanchez Aran
Jun 25, 1990 OCC Empire National Bank Civil Money Penalty (CMP): Ziegler, William
Jun 25, 1990 OCC (individual) Civil Money Penalty (CMP): Yates, Wilbur

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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