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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
Jun 28, 1990 Brookwood National Bank Oklahoma City, OK $26.9M The Liberty National Bank a
Jun 28, 1990 American National Bank Elk City, OK $14.8M First Community Bank
Jun 28, 1990 The Valley View National Bank Valley View, TX $13.0M The Gainesville National Ba
Jun 28, 1990 Bacliff Bank, N.A. Bacliff, TX $7.1M The Citizens State Bank of
Jun 22, 1990 Germania Bank, FSB Alton, IL $785.5M Mercantile Bank of St. Loui
Jun 22, 1990 Southern Federal Bank for Savings Gulfport, MS $142.8M Branch sale
Jun 21, 1990 Centre National Bank-Farmers Branch Farmers Branch, TX $39.7M Hibernia National Bank in T
Jun 21, 1990 Lakeland State Bank Austin, TX $12.8M Hill Country Bank
Jun 21, 1990 Bank of East Texas Tyler, TX $11.0M Chandler State Bank
Jun 21, 1990 Peoples National Bank Caldwell, TX $9.6M Citizens State Bank
Jun 18, 1990 Farmers and Merchants Bank Buckeye, AZ $24.0M The Stockmen's Bank
Jun 15, 1990 Charter Savings Bank Newport, CA $313.9M Pacific Heritage Bank
Jun 15, 1990 United S & L of Trenton Trenton, NJ $277.7M Penn SB, FSB
Jun 15, 1990 First Federal Savings & Loan Metairie, LA $156.3M Deposit payout
Jun 15, 1990 Moultrie Savings Bank FSB Moultrie, GA $65.8M Moultrie NB
Jun 15, 1990 Bank M Miami, FL $10.7M Bank of North America
Jun 14, 1990 Alliance Bank, N.A. Austin, TX $81.1M Hibernia National Bank in T
Jun 14, 1990 Willow Bend National Bank Plano, TX $58.9M Compass Bank - Plano
Jun 14, 1990 National City Bank of Denver Denver, CO $58.4M Omnibank Southeast
Jun 14, 1990 Exchange National Bank of Del City Del City, OK $43.2M First National Bank of Midw
Jun 14, 1990 The Wimberley Bank Wimberley, TX $23.3M Ozona National Bank
Jun 8, 1990 Home Federal Worcester, MA $235.8M Branch sale
Jun 8, 1990 First Bankers Trust Midland, TX $103.6M Deposit payout
Jun 8, 1990 Hometown Savings Bank FSB Delphi, IN $64.7M Branch sale
Jun 8, 1990 The Merchants Bank of California Beverly Hills, CA $62.4M Western Bank
Jun 7, 1990 Texas National Bank El Paso, TX $131.8M Texas Commerce Bank - El Pa
Jun 7, 1990 Richmark Bank Houston, TX $35.2M Hibernia National Bank in T
Jun 7, 1990 Clifton National Bank Clifton, TX $12.1M First National Bank in Vall
Jun 7, 1990 Hulen National Bank Fort Worth, TX $11.7M First National Bank in Deca
Jun 1, 1990 NBC Bank-San Antonio, National Assoc San Antonio, TX $938.2M NCNB Texas National Bank
Jun 1, 1990 First Annapolis Savings Annapolis, MD $720.1M Branch sale
Jun 1, 1990 The Home National Bank of Milford Milford, MA $461.7M Baybank Middlesex
Jun 1, 1990 Investors of Florida Deerfield Beach, FL $282.6M J. P. Morgan FL, FSB
Jun 1, 1990 NBC Bank-Houston, National Assoc Houston, TX $186.2M NCNB Texas National Bank
Jun 1, 1990 NBC Bank-Rio Grande Valley, N.A. Mission, TX $138.7M NCNB Texas National Bank
Jun 1, 1990 NBC Bank- South Texas, National Corpus Christi, TX $118.4M NCNB Texas National Bank
Jun 1, 1990 Mutual S & La Weatherford, TX $104.8M Deposit payout
Jun 1, 1990 NBC Bank-Seguin, National Assoc Seguin, TX $63.8M NCNB Texas National Bank
Jun 1, 1990 Time FS & La San Francisco, CA $57.9M Sun SB, FSB
Jun 1, 1990 NBC Bank-Boerne, National Assoc Boerne, TX $53.8M NCNB Texas National Bank
Jun 1, 1990 Great Life FSA Sunrise, FL $42.7M U.S. Trust Co. of Florida S
Jun 1, 1990 NBC Bank-Uvalde, National Assoc Uvalde, TX $35.1M NCNB Texas National Bank
Jun 1, 1990 NBC Bank-Austin, National Assoc Austin, TX $33.8M NCNB Texas National Bank
Jun 1, 1990 NBC Bank-Kerrville, National Assoc Kerrville, TX $26.0M NCNB Texas National Bank
May 31, 1990 The Huntsville National Bank Huntsville, TX $107.2M NCNB Texas National Bank
May 31, 1990 The Wilshire Bank, National Assoc Los Angeles, CA $24.8M Mid City Bank, National Ass
May 31, 1990 Rocky Mountain National Bank Denver, CO $9.2M Colonial National Bank
May 25, 1990 Cagaus-Central Federal Savings Caguas, PR $1.64B Banco Santander PR
May 25, 1990 American Pioneer Savings Bank Orlando, FL $1.61B Branch sale
May 25, 1990 First American Federal Savings Fort Smith, AR $450.7M Branch sale

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
Nov 30, 1990 Lafayette County Bancshares, Inc. MO Lafayette Bancshares, Inc.
Nov 30, 1990 Big Six Towers Federal Credit Union NY Qside Federal Credit Union
Nov 29, 1990 Imc Magnetics Employees Federal Credit Union NY Fourleaf Federal Credit Union
Nov 27, 1990 Austenal Dover Federal Credit Union NJ Members Connect Federal Credit Union
Nov 24, 1990 BayBank Southeast, National Association MA BayBank South
Nov 17, 1990 F&M Bank WI Associated Bank North
Nov 17, 1990 Cole Taylor Operations Network Inc. IL Cole Taylor Bank
Nov 17, 1990 Heritage Bank of Mukwonago WI Johnson Bank
Nov 17, 1990 Lawrence National Employees Credit Union MA Metro Credit Union
Nov 16, 1990 Citizens Fidelity Bank and Trust Company Winchester KY Citizens Fidelity Bank and Trust Company Lexington
Nov 16, 1990 Lowcountry Bancshares, Inc. SC L S B Bancshares Inc of South Carolina
Nov 16, 1990 Santa Clarita National Bank CA (unnamed)
Nov 15, 1990 United Southern Corporation MS Union Planters Corporation
Nov 15, 1990 First Financial of Russellville, Inc. KY Trans Financial, Inc.
Nov 15, 1990 Aplington Insurance, Inc. IA GL & ML, Limited
Nov 13, 1990 Quality Federal Credit Union CT Mutual Security Credit Union, Inc.
Nov 13, 1990 Jordan Business Forms Federal Credit Union NC Truliant Federal Credit Union
Nov 10, 1990 Utah Deseret Mortgage Corporation UT Wells Fargo Trust Company, N.A.
Nov 10, 1990 Mountain View Investment Company UT Wells Fargo Trust Company, N.A.
Nov 10, 1990 Deseret Bancorporation UT First Security Corporation
Nov 10, 1990 Deseret Bank UT Wells Fargo Trust Company, N.A.
Nov 10, 1990 The Bank of Baltimore MD The Bank of Baltimore
Nov 10, 1990 G. L. Corporation UT Wells Fargo Trust Company, N.A.
Nov 9, 1990 Shawmut Worcester County Bank, National Association MA Fleet National Bank of Massachusetts
Nov 7, 1990 Pajaro Valley Bancorporation CA Pacific Capital Bancorp
Nov 5, 1990 (unnamed) — First Midwest Bank
Nov 3, 1990 The Seymour Trust Company CT Fleet National Bank
Nov 3, 1990 Friendship Federal Credit Union NC Members Credit Union
Nov 3, 1990 (unnamed) — New Hampshire Savings Bank
Nov 3, 1990 The Planters Corporation NC RBC Bancorporation (USA)
Nov 3, 1990 Peoples Bancorporation NC RBC Bancorporation (USA)
Nov 3, 1990 The Planters National Bank and Trust Company NC RBC Bank (USA)
Nov 3, 1990 Peoples Bank & Trust Company NC RBC Bank (USA)
Nov 3, 1990 Chester Bank CT Fleet National Bank
Nov 3, 1990 Home Savings and Loan Association OH First National Bank Northwest Ohio
Nov 3, 1990 F & M Bank WI Associated Bank North
Nov 3, 1990 Peoples Bank of the Triad NC RBC Bank (USA)
Nov 2, 1990 First Interstate Leasing, Inc. ND First Interstate of North Dakota, Inc.
Nov 1, 1990 (unnamed) — M&I Bank of Dodgeville
Nov 1, 1990 Affiliated Bank/Chicago IL Lasalle Bank Illinois
Nov 1, 1990 SBT Bancorp, Inc. IL Old National Bancorp
Nov 1, 1990 Pine Ridge Management Co. NE C.S.B. Co.
Nov 1, 1990 NBD Kalamazoo Bank MI Bank One, Michigan
Nov 1, 1990 NBD Cadillac Bank MI Bank One, Michigan
Nov 1, 1990 NBD Petoskey, National Association MI Bank One, Michigan
Nov 1, 1990 River Valley Credit Union IL Illiana Financial Credit Union
Nov 1, 1990 NBD Grand Haven MI Bank One, Michigan
Nov 1, 1990 Old Kent Bank-St. Charles, National Association IL Old Kent Bank, National Association
Nov 1, 1990 Affiliated Bank/Morton Grove IL Lasalle Bank Illinois
Nov 1, 1990 NBD Grand Rapids, National Association MI Bank One, Michigan

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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