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

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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