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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
Jul 28, 1990 Commercial State Bank KS First National Bank and Trust
Jul 27, 1990 The First National Bank of Moravia NY OnBank & Trust Co.
Jul 27, 1990 Mount Carmel Mercy Credit Union MI Credit Union One
Jul 27, 1990 Anthracite Food Employees Federal Credit Union PA Net Federal Credit Union
Jul 26, 1990 Hazard Wire Rope Division Federal Credit Union PA Choice One Community Federal Credit Union
Jul 26, 1990 Bucknell University Employees Federal Credit Union PA Service 1st Federal Credit Union
Jul 21, 1990 M&I Central National Bank WI M&I First American Bank
Jul 21, 1990 F & M Bank WI Associated Bank Menomonee Falls
Jul 21, 1990 Heights of Texas, FSB TX First Heights Bank, FSB
Jul 18, 1990 Smurfit Employees Lockland Credit Union Inc. OH Trupartner Credit Union, Inc.
Jul 16, 1990 The Fifth Third Bank of Campbell County, National Association KY The Fifth Third Bank of Northern Kentucky, Inc.
Jul 16, 1990 American State Bank of Snyder TX American State Bank
Jul 16, 1990 The Fifth Third Bank of Boone County, Inc. KY The Fifth Third Bank of Northern Kentucky, Inc.
Jul 16, 1990 Heritage Bank of Kenosha WI Johnson Bank
Jul 16, 1990 The State Bank of Fraser MI Security Bank of Commerce
Jul 14, 1990 (unnamed) — Valley Bank, Menomonie
Jul 13, 1990 Detroit Peerless Employees Credit Union MI Zeal Credit Union
Jul 12, 1990 First Bank TX First Bank Katy, National Association
Jul 12, 1990 Health & Human Service Federal Credit Union PA Philadelphia Federal Credit Union
Jul 10, 1990 Pueblo 1st Industrial Bank CO First Community Industrial Bank
Jul 10, 1990 National Bank of Catalina CA Southern California Bank
Jul 10, 1990 First Community Industrial Bank CO First Community Industrial Bank
Jul 10, 1990 Jefferson Credit Union MN Topline Financial Credit Union
Jul 10, 1990 Rocky Mountain Widefield 1st Industrial Bank CO First Community Industrial Bank
Jul 10, 1990 Loveland 1st Industrial Bank CO First Community Industrial Bank of Fort Collins
Jul 10, 1990 S.B.T. Employees Credit Union CA Santa Barbara County Federal Credit Union
Jul 10, 1990 Longmont 1st Industrial Bank CO First Community Industrial Bank of Longmont
Jul 9, 1990 M&I Interim State Bank WI M&I Central State Bank
Jul 9, 1990 Eastern Illinois Trust and Savings Bank IL Municipal Trust and Savings Bank
Jul 9, 1990 Peoples Bank of Albers IL First County Bank
Jul 7, 1990 American Federal Savings and Loan Association NC Mutual Community Savings Bank, SSB
Jul 6, 1990 Atico SVG BK FL Intercontinental Bank, National Association
Jul 5, 1990 McLean County Educators Credit Union IL The Credit Union for All
Jul 2, 1990 Screenland Credit Union CA First Entertainment Credit Union
Jul 2, 1990 (unnamed) — Southeastern Bank
Jul 2, 1990 Safe Deposit Company of Michigan MI Bank One, Michigan
Jul 2, 1990 Mansfield Credit Union MA Arise Federal Credit Union
Jul 2, 1990 Gallitzin Savings & Loan Association PA Penncrest Bank
Jul 1, 1990 Skiatook Federal Credit Union OK Westreet Federal Credit Union
Jul 1, 1990 Capitol Credit Union OK Oklahoma's Federal Credit Union
Jul 1, 1990 Lawn Boy Credit Union WI Kohler Credit Union
Jul 1, 1990 John Widdicomb Company Employees Credit Union MI A a C Credit Union
Jul 1, 1990 Society Bank, Winamac IN Society National Bank, Indiana
Jul 1, 1990 The Formoso Bank KS Farmers State Bank
Jul 1, 1990 Morgan County State Bank, Inc. WV One Valley Bank-East, N.A.
Jul 1, 1990 Folger Empl Fcu LA New Orleans Firemens Federal Credit Union
Jul 1, 1990 Pueblo Santa Fe Employees Federal Credit Union CO Santa Fe Federal Credit Union
Jul 1, 1990 Viroqua Federal Savings and Loan Association WI AnchorBank, FSB
Jul 1, 1990 Citizens Bank of Goodman WI Bank North
Jul 1, 1990 S S H Employees Federal Credit Union PA Greater Pittsburgh 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

Browse adjacent years: 1989 · 1991

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