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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
Dec 28, 1990 Capitol Bank and Trust Company Boston, MA $485.6M —
Dec 28, 1990 Southern FS New Orleans, LA $230.8M Branch sale
Dec 28, 1990 First FS & La of Andalusia Andalusia, AL $38.7M Colonial Bank
Dec 27, 1990 Enterprise Savings Bank, F.A. Chicago, IL $432.6M United FB
Dec 21, 1990 Arkansas FSB Little Rock, AR $71.7M Branch sale
Dec 15, 1990 Mid-America FS & La Columbus, OH $1.21B NBD Bank
Dec 14, 1990 Community FS & La St. Louis, MO $1.98B Boatmen's Bancshares, Inc.
Dec 14, 1990 Comfed Savings Bank Lowell, MA $1.40B Branch sale
Dec 14, 1990 Olympic Federal Savings Berwyn, IL $1.05B Branch sale
Dec 14, 1990 Home Federal Bank for Savings Waukegan, IL $348.1M First of Amer. BK-N.E. Il
Dec 14, 1990 Frontier Savings Association Las Vegas, NV $252.4M Bank of America, NV
Dec 14, 1990 Empire Savings Bank Hammonton, NJ $219.3M United Jersey BANK/SO., N.A.
Dec 14, 1990 First Commercial Bank of Florida Boca Raton, FL $171.6M Bank of North America
Dec 14, 1990 Far Western Bank Tustin, CA $154.3M —
Dec 14, 1990 Old Borough Savings & Loan Trenton, NJ $133.5M New Jersey NB
Dec 14, 1990 Peoples State Bank Dallas, TX $30.3M Comerica Bank - Texas
Dec 14, 1990 The State Bank of Omaha Omaha, TX $20.5M The First National Bank of
Dec 13, 1990 Washington County State Bank Brenham, TX $77.7M Channelview Bank
Dec 13, 1990 Bank of Commerce Alexandria, LA $19.6M The Evangeline Bank and Tru
Dec 13, 1990 First State Bank Lexington, OK $7.5M The McClain County National
Dec 12, 1990 New England Allbank for Savings Gardner, MA $173.3M Worcester County Institutio
Dec 7, 1990 Central Federal Savings Mineola, NY $890.8M Chemical Bank
Dec 7, 1990 First Federal Savings Raleigh, NC $520.4M Branch sale
Dec 7, 1990 Andrews Savings & Loan Assoc. Andrews, TX $126.1M Branch sale
Dec 7, 1990 Texarkana FS & La Texarcana, AR $40.4M Citizens NB
Dec 7, 1990 Heights Bank Harker Heights, TX $28.8M Heights State Bank
Dec 7, 1990 First National Bank of Rowlett Rowlett, TX $20.5M U.S. Trust Company of Texas
Dec 6, 1990 Douglas County National Bank Parker, CO $5.4M City Center National Bank
Nov 30, 1990 San Jacinto Savings Houston, TX $2.87B United Sa of TX, FSB
Nov 30, 1990 Edison FSA New York, NY $140.1M Flushing SB
Nov 30, 1990 First Sa Paragould, AR $64.1M Peoples Bank
Nov 30, 1990 First FSA of Nacogdoches Nacogdoches, TX $61.9M Citizens Bank
Nov 30, 1990 First Southwest FS & La Tyler, TX $51.2M Citizens Bank
Nov 30, 1990 Atascosa Sa Jourdanton, TX $34.7M Deposit payout
Nov 30, 1990 Tuskegee S & La Tuskegee, AL $31.8M First Tuskegee Bank
Nov 30, 1990 Boundary Waters State Bank Ely, MN $13.4M Stearns County National Ban
Nov 29, 1990 Bank of Arlington Arlington, TX $63.6M Bank One, Texas, National a
Nov 29, 1990 Farmers State Bank of Madisonvillle Madisonville, TX $34.8M First Bank
Nov 16, 1990 Southeastern Savings Bank Charlotte, NC $422.3M Branch sale
Nov 16, 1990 First Federal Savings Assoc. Las Vegas, NM $55.4M Bank of NM, & Las Vegas
Nov 16, 1990 Liberty Federal Savings Bank Montebello, CA $53.8M Commerce NB
Nov 15, 1990 Action Federal Savings Sommers Point, NJ $262.0M First FSB of DE
Nov 15, 1990 Western Bank Duncanville, TX $39.8M Western Bank & Trust
Nov 9, 1990 Florida Federal Savings Bank St. Petersburg, FL $4.12B First Union Corp.
Nov 9, 1990 Freedom National Bank of New York New York, NY $110.4M —
Nov 9, 1990 Louisiana Federal Savings Bank Kenner, LA $58.8M Deposit payout
Nov 9, 1990 Executive Banc Sa New Braunfels, TX $16.2M Victoria B&TC
Nov 2, 1990 Riverside Savings Bank Riverside, NJ $177.8M Branch sale
Nov 2, 1990 Boonslick S & La Boonville, MO $70.2M Branch sale
Nov 2, 1990 Desoto FS & La Mansfield, LA $63.9M Deposit payout

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
Dec 14, 1990 Water & Sanitation Employees Credit Union UT Granite Federal Credit Union
Dec 14, 1990 The Kanopolis State Bank KS First Bank Kansas
Dec 13, 1990 Southampton Memorial Hospital Federal Credit Union VA Chartway Federal Credit Union
Dec 12, 1990 First Federal Savings and Loan Association of Council Bluffs IA First Bank, Federal Savings Bank
Dec 12, 1990 First National Bank of Kermit TX Western National Bank
Dec 12, 1990 Saint Joseph's Healthcare Federal Credit Union CA Allied Trades Credit Union
Dec 11, 1990 First National Bank in Higgins TX The First National Bank of Canadian
Dec 10, 1990 Sovran Bank/Tri Cities TN NationsBank of Tennessee, National Association
Dec 10, 1990 Sovran Bank/Greenville TN NationsBank of Tennessee, National Association
Dec 10, 1990 F&M Bank of Slinger WI Associated Bank Fond Du Lac
Dec 8, 1990 Richmond Memorial Hospital Credit Union VA Rva Financial Federal Credit Union
Dec 8, 1990 Jacksonville Corps of Engrs Fcu FL Radifi Federal Credit Union
Dec 7, 1990 Third National Bank in Anderson County TN SunTrust Bank, East Tennessee, National Association
Dec 7, 1990 Third National Bank in Sevier County TN SunTrust Bank, East Tennessee, National Association
Dec 7, 1990 The Peoples Bank TN SunTrust Bank, Nashville, National Association
Dec 7, 1990 Third National Bank in Loudon County TN SunTrust Bank, East Tennessee, National Association
Dec 7, 1990 Third National Bank in Hamblen County TN SunTrust Bank, East Tennessee, National Association
Dec 6, 1990 Lindsborg Bancshares, Inc KS Emprise Financial Corp. - Hutchinson
Dec 6, 1990 The Farmers State Bank KS Emprise Bank, National Association
Dec 4, 1990 PTC Financial Corporation IN Norwest Indiana, Inc.
Dec 4, 1990 Ways Employees Credit Union CT Greater Watertown Federal Credit Union
Dec 3, 1990 Empire Bank, National Association CA First Security Bank of California, N.A.
Dec 3, 1990 Technicraft Incorporated Credit Union CT Dutch Point Credit Union
Dec 2, 1990 Citizens and Southern Financial Services, Incorporated SC The Citizens and Southern Corporation
Dec 2, 1990 Citizens and Southern Housing Corporation SC The Citizens and Southern Corporation
Dec 2, 1990 Citizens and Southern Realty Corporation SC The Citizens and Southern Corporation
Dec 2, 1990 Columbus Pepsi Cola Federal Credit Union OH Wright-Patt Credit Union, Inc.
Dec 1, 1990 The First National Bank of Enumclaw WA Puget Sound Bank
Dec 1, 1990 Unitech OK BancFirst
Dec 1, 1990 Rosendale Bancshares, Inc. WI M&I LLC
Dec 1, 1990 First Enumclaw Bancorporation WA Puget Sound Bancorp
Dec 1, 1990 Rosendale State Bank WI M&I Central State Bank
Dec 1, 1990 Southern Postal Cu GA Center Parc Credit Union
Dec 1, 1990 Bank of Peru NE MainStreet Bank
Dec 1, 1990 Pest Control Credit Union CA Sacramento Credit Union
Dec 1, 1990 Detroit Methodist Conference Credit Union MI Unity Credit Union
Dec 1, 1990 Chicago Commercial Credit Union IL South Division Credit Union
Dec 1, 1990 Chase Brass Employees Credit Union, Inc. OH Cardinal Credit Union, Inc.
Dec 1, 1990 Marion Va Hospital Credit Union IL Siu Credit Union
Dec 1, 1990 Whittier Citizens Credit Union CA South Western Federal Credit Union
Dec 1, 1990 Bristol Credit Union RI Peoples Credit Union
Dec 1, 1990 Breckinridge Teachers Credit Union KY Commonwealth Federal Credit Union
Dec 1, 1990 Farmers & Merchants Bank AR First Security Bank
Dec 1, 1990 First Family Credit Union IA Dutrac Community Credit Union
Dec 1, 1990 The First National Bank of Stoneboro PA Mercer County State Bank
Dec 1, 1990 First of America Bank - Oscoda MI First of America Bank - Mid Michigan, National Association
Nov 30, 1990 Farmers Bancorp of Sturgis, Inc. KY Integra Bank Corporation
Nov 30, 1990 Whitehall Bancorporation, Inc. MT Rocky Mountain Bancorporation, Inc.
Nov 30, 1990 Harlem Corporation MT Rocky Mountain Bancorporation, Inc.
Nov 30, 1990 Hudson Co C S No 1 Federal Credit Union NJ Ocnac No 1 Federal Credit Union

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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