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
Nov 1, 1990	NBD F & M Bank, National Association	MI	Bank One, Michigan
Nov 1, 1990	First Federal Savings and Loan Association	SC	First Palmetto Bank
Nov 1, 1990	Affiliated Bank/DuPage	IL	Lasalle Bank Illinois
Nov 1, 1990	First Wisconsin Northwestern National Bank of Milwaukee	WI	Firstar Bank Milwaukee, National Association
Nov 1, 1990	(unnamed)	—	Union National Bank of Arkansas Little Rock
Nov 1, 1990	NBD Northwest Bank, National Association	MI	Bank One, Michigan
Nov 1, 1990	NBD Monroe County Bank	MI	Bank One, Michigan
Nov 1, 1990	Decatur-Macon County Catholic Credit Union	IL	Staley Credit Union
Nov 1, 1990	City of Harvey Employees Credit Union	IL	Sherwin Williams Employees Credit Union
Nov 1, 1990	Affiliated Bank/Western National	IL	Lasalle Bank Illinois
Nov 1, 1990	Affiliated Bank/North Shore National	IL	Lasalle Bank Illinois
Nov 1, 1990	Pheoll Employees Credit Union	IL	Central Credit Union of Illinois
Nov 1, 1990	Old Kent Bank	IL	Old Kent Bank, National Association
Nov 1, 1990	NBD Battle Creek, National Association	MI	Bank One, Michigan
Oct 31, 1990	Buchanan County Credit Union	IA	Veridian Credit Union
Oct 29, 1990	Bank of New England - West, National Association	MA	Bank of New England, N.A.
Oct 27, 1990	First Texas Bank	TX	Lockwood National Bank of Houston
Oct 27, 1990	Dairyman's State Bank	WI	Bank One, Beaver Dam
Oct 26, 1990	The National Bank of Commerce of Nitro	WV	Huntington Bank Charleston N.A.
Oct 26, 1990	American Bank of Chattanooga Financial Corp	GA	SunTrust Bank, Chattanooga, National Association
Oct 24, 1990	Illinois Center Bancorporation, Inc.	IL	Lake Shore Bancorp, Inc.
Oct 24, 1990	Valley Center Bancshares, Inc.	KS	INTRUST Financial Corporation
Oct 20, 1990	The Torrance National Bank	CA	California United Bank
Oct 20, 1990	Star Banc Corporation, Northern Kentucky No. 1	KY	Star Bank, National Association, Kentucky
Oct 20, 1990	Commercial National Bank and Trust Company	LA	Union Planters Bank of Louisiana
Oct 19, 1990	Shawmut Bank of Franklin County	MA	Fleet National Bank of Massachusetts
Oct 19, 1990	Shawmut First Bank and Trust Company	MA	Fleet National Bank of Massachusetts
Oct 19, 1990	Shawmut Bank of Hampshire County, National Association	MA	Fleet National Bank of Massachusetts
Oct 19, 1990	The National Bank of Commerce of South Charleston	WV	Huntington Bank Charleston N.A.
Oct 17, 1990	Hawthorne Investment Co. Inc	MA	Malden Trust Company
Oct 16, 1990	N I M C Credit Union	IA	North Iowa Community Credit Union
Oct 15, 1990	Village Savings Bank	NH	The Monadnock Bank
Oct 15, 1990	Lone Rock Investments, Inc.	WI	Royal Bancshares, Inc.
Oct 13, 1990	Star Bank, Northern Kentucky	KY	Star Bank, National Association, Kentucky
Oct 12, 1990	First NH Banks, Inc.	NH	Bank of Ireland First Holdings, Inc.
Oct 12, 1990	Western Community Bancorp	CA	Western Community Bank
Oct 10, 1990	Uiu Local 48 Credit Union	OH	Steel Valley Federal Credit Union
Oct 10, 1990	RBC Holdings (Delaware) Inc.	DE	RBC Holdings (Delaware) Inc.
Oct 8, 1990	Harvard Building Corporation	OK	The F&M Bank & Trust Company
Oct 6, 1990	Citibank (Utah)	UT	KeyBank National Association
Oct 2, 1990	Metropolitan Holding Company, Inc.	MD	Baltimore Bancorp
Oct 2, 1990	SS&D Credit Union	TX	Eastex Credit Union
Oct 2, 1990	Ae Employees Federal Credit Union	MS	Southern Security Federal Credit Union
Oct 1, 1990	Peoples Bank of Central Virginia	VA	F & M Bank/Central Virginia
Oct 1, 1990	Bank of Maryland - Carroll County	MD	Bank of Maryland
Oct 1, 1990	East Bonneville Credit Union	ID	A+ Credit Union
Oct 1, 1990	Stetson Univ Cu	FL	Florida Baptist Credit Union
Oct 1, 1990	Bank of Maryland - Harford County	MD	Bank of Maryland
Oct 1, 1990	Exchange Bank of DuPage, Oak Brook, Illinois	IL	La Salle Bank Westmont
Oct 1, 1990	Charter Bank Group, Inc.	IL	First Chicago NBD Corporation

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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