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
Apr 19, 1990	First State Bank of Crandall	Crandall, TX	$15.8M	The American National Bank
Apr 19, 1990	Security National Bank of Elgin	Elgin, TX	$10.8M	Elgin Bank of Texas
Apr 19, 1990	Corinth Deposit National Bank	Corinth, KY	$8.7M	The National Bank of Corint
Apr 18, 1990	The Seamen's Bank of Savings, FS	New York, NY	$3.39B	The Chase Manhattan Bank(na
Apr 12, 1990	First Federal Savings & Loan	Warner Robins, GA	$150.1M	CB&T Bank of Middle Ga
Apr 12, 1990	Constitution Fed. Savings Assoc.	Monterey Park, CA	$66.4M	Deposit payout
Apr 12, 1990	The Bazine State Bank	Bazine, KS	$16.9M	Farmers Bank & Trust, Natio
Apr 5, 1990	Colony Savings Bank, FSB	Monaca, PA	$427.5M	Branch sale
Apr 5, 1990	Champions Point National Bank	Houston, TX	$20.6M	Northwest Bank
Apr 5, 1990	First Bank & Trust Company	Cedar Hill, TX	$13.8M	NCNB Texas National Bank
Mar 30, 1990	Everman National Bank of Fort Worth	Fort Worth, TX	$65.9M	Bank One, Texas, National a
Mar 30, 1990	Imperial Bank	Coral Gables, FL	$23.2M	Commercebank, National Asso
Mar 29, 1990	Crown Bank, N.A.	San Antonio, TX	$22.8M	First City,texas-San Antoni
Mar 29, 1990	First National Bank of Garland	Garland, TX	$9.4M	State Bank of Texas
Mar 29, 1990	Alvord National Bank	Alvord, TX	$7.6M	The First National Bank of
Mar 22, 1990	The Central National Bank of San Angelo	San Angelo, TX	$147.4M	First National Bank at Lubb
Mar 22, 1990	Miami National Bank	Miami, FL	$46.4M	Commercebank, National Asso
Mar 22, 1990	Community Bank	New Caney, TX	$42.0M	Channelview Bank
Mar 22, 1990	American Bank of Arlington	Arlington, TX	$28.3M	Banc One, Texas, National a
Mar 22, 1990	The Waller Bank, N.A.	Waller, TX	$13.4M	First Bank Navasota
Mar 16, 1990	Pacific Coast S & La	San Francisco, CA	$1.04B	East-West FB, FSB
Mar 16, 1990	Whitestone Savings	Whitestone, NY	$396.9M	Astoria FS&LA
Mar 16, 1990	Nasau Federal Savings & Loan	Brooklyn, NY	$296.8M	Staten Island SB
Mar 16, 1990	First America FSB	Longmont, CO	$187.4M	Branch sale
Mar 16, 1990	Great American FS & La	Corinth, MS	$159.2M	Deposit payout
Mar 16, 1990	First FS & La of Wichita Falls	Wichita Falls, TX	$84.8M	Deposit payout
Mar 16, 1990	Lakeland Savings Bank FSB	Detroit Lakes, MN	$79.6M	First Security State Bank
Mar 16, 1990	United Federal Savings, F.A.	New Orleans, LA	$53.2M	United B&TC
Mar 16, 1990	Sun Federal Savings Assoc.	Fort Dodge, IA	$24.3M	Ida County State Bank
Mar 15, 1990	Bank of Meeker	Meeker, OK	$15.5M	First State Bank
Mar 15, 1990	Liberty City State Bank	Liberty City, TX	$15.2M	The First National Bank of
Mar 15, 1990	Independent National Bank	Phoenix, AZ	$12.4M	Citibank(arizona)
Mar 9, 1990	Nassau S & La	Princeton, NJ	$313.1M	Penn SB, FSB
Mar 9, 1990	Yorkwood S & La	Maplewood, NJ	$205.3M	Branch sale
Mar 9, 1990	Westport Federal Savings Bank	Hanford, CA	$169.6M	Deposit payout
Mar 9, 1990	Peoples FS & La	Bartlesville, OK	$105.5M	WestStar Bank N.A.
Mar 9, 1990	Investors Savings Bank	Nashville, TN	$81.1M	Amsouth Bank of TN
Mar 9, 1990	Hiawatha Savings & Loan	Hiawatha, KS	$49.2M	Morrill & Janes B&TC
Mar 9, 1990	First Bank N.A.	Cleveland, OH	$33.1M	—
Mar 8, 1990	University National Bank of College Statio	College Station, TX	$36.3M	First American Bank
Mar 8, 1990	Farmers State Bank	Schulenberg, TX	$32.7M	First Bank
Mar 8, 1990	Citizens National Bank	Denton, TX	$16.2M	Texas Bank
Mar 2, 1990	Pima S & La	Tucson, AZ	$2.73B	Bank of America, Az
Mar 2, 1990	North Carolina FS & La	Charlotte, NC	$628.1M	First Citizens B&TC
Mar 2, 1990	Security FS & La	Richmond, VA	$341.6M	Crestar Bank
Mar 2, 1990	Haven FS & La	Winter Haven, FL	$172.4M	Barnett Bank of Polk County
Mar 2, 1990	New Athens FS & La	New Athens, IL	$30.4M	United Il Bank of New Athen
Mar 1, 1990	Search National Bank	Dallas, TX	$21.2M	Hibernia National Bank in T
Mar 1, 1990	First National Bank of Sanger	Sanger, TX	$19.7M	The Gainesville National Ba
Mar 1, 1990	Community State Bank of Onalaska	Onalaska, TX	$9.7M	The Bank of Livingston

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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