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
Feb 23, 1990	Imperial Federal Savings Assoc.	San Diego, CA	$9.58B	Branch sale
Feb 23, 1990	Mercury Savings	Huntington Beach, CA	$2.16B	Security Pacific NB, N.A.
Feb 23, 1990	First Atlantic S & La	Plainfield, NJ	$1.30B	Branch sale
Feb 23, 1990	Texasbanc Savings	Conroe, TX	$248.8M	Guaranty FSB
Feb 23, 1990	Provident Sa	Casper, WY	$244.9M	Key Bank of WY - Casper
Feb 23, 1990	Nowlin Sa	Ft. Worth, TX	$200.5M	Comerica Bank-TX
Feb 23, 1990	Vanguard SB	Vandergrief, PA	$176.9M	S&T Bank
Feb 23, 1990	Frontier FS & La	Walla Walla, WA	$146.9M	Washington Mutual
Feb 23, 1990	Community Federal Savings Bank	East Moline, IL	$112.0M	Branch sale
Feb 23, 1990	First Standard Fed. Savings Assoc.	Fairmont, WV	$77.6M	Community B&T, N.A.
Feb 23, 1990	First Federal Sav. ASSOC./BLUEFIELD	Bluefield, WV	$39.3M	First FSB
Feb 23, 1990	The Bank of Ruidoso	Ruidoso, NM	$27.8M	United New Mexico Bank at a
Feb 23, 1990	Greenwood FS & La	Greenwood, MS	$26.7M	Magnolia FB for Savings
Feb 23, 1990	The Red River Bank	Red River, NM	$6.5M	Centinel Bank of Taos
Feb 22, 1990	The First State Bank of Regent	Regent, ND	$9.7M	First National Bank
Feb 21, 1990	The Ben Franklin FS & La	Portland, OR	$4.62B	Bank of America, FSB
Feb 16, 1990	Franklin FSA	Ottawa, KS	$9.26B	Branch sale
Feb 16, 1990	Great American FS & La	Oak Park, IL	$1.01B	Branch sale
Feb 16, 1990	State FS & La	Tulsa, OK	$526.3M	Branch sale
Feb 16, 1990	Western Empire FS & La	Yorba Linda, CA	$406.6M	Southern California Bank
Feb 16, 1990	Freedom Sa	Columbus, OH	$360.4M	Branch sale
Feb 16, 1990	Heritage FSB	Omaha, NE	$225.0M	Branch sale
Feb 16, 1990	Equitable S & La, F.A.	Columbus, NE	$73.2M	Conservative SB, FSB
Feb 16, 1990	Fidelity Savings Bank	Danville, IL	$16.3M	First Midwest Bank
Feb 15, 1990	Huffman Bank	Huffman, TX	$22.0M	Channelview Bank
Feb 15, 1990	Northway National Bank	Dallas, TX	$19.1M	City National Bank of Carro
Feb 15, 1990	Gateway National Bank	Phoenix, AZ	$8.6M	Citibank (Arizona)
Feb 9, 1990	Abq Bank, a FSB	Albuquerque, NM	$2.02B	Bank of America NM, N.A.
Feb 9, 1990	American Federal Savings Assoc.	Des Moines, IA	$910.7M	Branch sale
Feb 9, 1990	Vermont Sa	Timonium, MD	$334.9M	First NB of MD
Feb 9, 1990	Huntington FS & La	Huntington Beach, CA	$120.4M	American SB, F.A.
Feb 9, 1990	Liberty Savings Bank FSB	Randallstown, MD	$49.5M	Royal Oak SB, FSA
Feb 9, 1990	Fairmont Federal Savings Assoc.	Fairmont, MN	$46.0M	First Farmers & Merchant NB
Feb 8, 1990	The First National Bank of Colbert	Colbert, OK	$17.9M	The Durant Bank & Trust Com
Feb 2, 1990	Centrust Bank, SB	Miami, FL	$8.22B	Great Western Bank, FSB
Feb 2, 1990	Pioneer Savings Bank, FSB	Clearwater, FL	$1.94B	Great Western Bank, FSB
Feb 2, 1990	Clyde FS & La	North Riverside, IL	$574.7M	Mid-City NB of Chicago
Feb 2, 1990	Sentinel FS & La	Phoenix, AZ	$174.9M	Biltmore Investors Bank, N.A.
Feb 2, 1990	Henderson Home S & La	Henderson, KY	$50.4M	Farmers B&TC
Feb 2, 1990	Citizens National Bank of Walnut Ridge	Walnut Ridge, AR	$37.5M	The Lawrence County Bank
Feb 2, 1990	Commerce Bank of Tampa	Tampa, FL	$21.6M	Southern Exchange Bank
Feb 1, 1990	Tyler National Bank	Tyler, TX	$24.7M	NCNB Texas National Bank
Jan 31, 1990	Merabank FSB	Phoenix, AZ	$6.32B	Branch sale
Jan 26, 1990	Monroe Savings Bank, FSB	Rochester, NY	$520.6M	Manufacturers & Traders Tru
Jan 26, 1990	Banctexas Dallas, N.A.	Dallas, TX	$340.9M	Hibernia National Bank in T
Jan 26, 1990	Williamsburg FS & La	Salt Lake City, UT	$310.5M	Branch sale
Jan 26, 1990	Colonial S & La	Cape Girardeau, MO	$170.9M	Branch sale
Jan 26, 1990	First Savings Assoc.	Bismark, ND	$113.4M	Metropolitan FB, FSB
Jan 26, 1990	Creditbank	Cutler Ridge, FL	$76.4M	Capital Bank
Jan 26, 1990	Palo Duro FS & La	Amarillo, TX	$65.0M	Citizens State Bank of Dalh

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

Browse adjacent years: 1989 · 1991

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