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
Aug 24, 1990	Broken Arrow Savings Assoc.	Broken Arrow, OK	$26.9M	Metro Bank of Broken Arrow
Aug 22, 1990	Sweetwater FS & La	Rock Springs, WY	$11.6M	First Security Bank
Aug 17, 1990	First FSA of Tuscola	Tuscola, IL	$23.2M	First NB of Arcola
Aug 17, 1990	Financial Savings of Hartford FSB	Hartford, CT	$21.9M	Northeast Savings, F.A.
Aug 16, 1990	Cherry Creek National Bank	Denver, CO	$85.8M	The Bank of Cherry Creek, N
Aug 16, 1990	City National Bank	Houston, TX	$35.6M	Charter National Bank-Colon
Aug 16, 1990	Capitol Bank & Trust	Oklahoma City, OK	$33.1M	First Fidelity Bank, Nation
Aug 10, 1990	The National Bank of Washington	Washington, DC	$1.65B	The Riggs National Bank of
Aug 10, 1990	First Pacific Bank	Beverly Hills, CA	$118.8M	Commercial Center Bank
Aug 10, 1990	Superior Federal Savings Bank	Nacogdoches, TX	$80.2M	Branch sale
Aug 10, 1990	American Sa of MT. Carmel	Mt. Carmel, IL	$11.9M	Union FSB
Aug 9, 1990	First National Bank of Corpus Christi	Corpus Christi, TX	$117.0M	First City, Texas-Corpus CH
Aug 3, 1990	Hometown FSA	Winfield, IL	$46.5M	Irving Bank
Aug 3, 1990	Tennessee Federal Savings Bank	Cookeville, TN	$40.0M	Peoples B&T of Cumberlands
Aug 3, 1990	Amigo FS & La	Brownsville, TX	$20.7M	Brownsville NB
Aug 2, 1990	American Bank & Trust Company	Baton Rouge, LA	$351.5M	Hancock Bank of Louisiana
Aug 2, 1990	United Bank of Waco, National Assoc	Waco, TX	$250.0M	Bank One, Texas, National a
Jul 31, 1990	United FSB	Vienna, VA	$415.6M	Crestar Bank
Jul 27, 1990	Professional Savings Bank	Coral Gables, FL	$695.6M	Branch sale
Jul 27, 1990	Statesman Bank for Savings, FSB	Des Moines, IA	$540.4M	Branch sale
Jul 27, 1990	Citizens & Builders FS	Pensacola, FL	$119.2M	Central Bank of the South
Jul 27, 1990	Guaranty Savings Bank FSB	Fayetteville, NC	$53.9M	Branch sale
Jul 27, 1990	U.S. Savings Bank of America	Seabrook, NH	$12.4M	Family Savings Bank of New
Jul 26, 1990	Continental Bank	Dallas, TX	$135.5M	Comerica Bank - Texas
Jul 26, 1990	Bank of Odessa	Odessa, TX	$14.4M	Western National Bank
Jul 26, 1990	Bank of Wilson	Wilson, OK	$13.0M	American National Bank
Jul 26, 1990	First National Bank	Purcell, OK	$10.9M	McClain County National Ban
Jul 20, 1990	Mainstay Federal Savings	Red Bank, NJ	$226.1M	Bankers Savings
Jul 20, 1990	Charter Bank, a FSB	Hattiesburg, MS	$130.8M	Branch sale
Jul 20, 1990	Commonwealth Savings Assoc.	New Orleans, LA	$44.0M	St. Bernard B&TC
Jul 20, 1990	United FS & La	Vidalia, LA	$18.9M	Concordia B&TC
Jul 13, 1990	Capitol-Union FSA	Baton Rouge, LA	$392.8M	Deposit payout
Jul 13, 1990	The Permanent Savings Bank	Niagara Falls, NY	$330.0M	Key Bank of Western New Yor
Jul 13, 1990	North Texas FSA	Wichita Falls, TX	$97.0M	Team Bank
Jul 13, 1990	Summit First S & La	Summit, IL	$57.8M	Marquette NB
Jul 13, 1990	Progressive SB	Natchitoches, LA	$50.2M	Deposit payout
Jul 12, 1990	American National Bank of Greenville	Greenville, TX	$29.1M	Sulphur Springs State Bank
Jul 12, 1990	Iredell State Bank	Iredell, TX	$10.0M	First Security Bank - Cranf
Jul 6, 1990	Milford Savings Bank	Milford, MA	$328.1M	Peoples Savings Bank
Jul 6, 1990	Capital National Bank	Bronx, NY	$158.2M	New York Capital Bank, N.A.
Jul 6, 1990	Heritage FSA	Lancaster, PA	$48.8M	Harris Sa
Jul 5, 1990	Home SB, FSB	Salt Lake City, UT	$12.8M	Zions First NB
Jun 29, 1990	Eliot Savings Bank	Boston, MA	$479.5M	South Boston Savings Bank
Jun 29, 1990	Travis Savings & Loan Assoc.	San Antonio, TX	$321.7M	International Bank of Comme
Jun 29, 1990	First Jackson FSB	Jackson, MS	$116.5M	Trustmark NB
Jun 29, 1990	Windsor Savings Assoc.	Austin, TX	$108.8M	Deposit payout
Jun 29, 1990	Charter Savings & Loan	Stamford, CT	$103.0M	Greenwich FS&LA
Jun 29, 1990	The Montgomery National Bank	Montgomery TWNSP, NJ	$92.6M	Amboy National Bank
Jun 29, 1990	Pioneer FS & La	Marietta, OH	$9.5M	Deposit payout
Jun 28, 1990	Southwest National Bank	Austin, TX	$33.6M	Texas Bank

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 1, 1990	Babw Federal Credit Union	PA	Apex Community Federal Credit Union
Jul 1, 1990	First Interstate Bank of Great Falls	MT	First Interstate Bank of Montana, National Association
Jul 1, 1990	First Interstate Bank of Glacier County	MT	First Interstate Bank of Montana, National Association
Jul 1, 1990	Society Bank, Angola, National Association	IN	Society National Bank, Indiana
Jul 1, 1990	Riverside Community Credit Union	WI	Fox Communities Credit Union
Jul 1, 1990	Galaxy Federal Credit Union	PA	Little Giant Federal Credit Union
Jul 1, 1990	Warren Bank	MI	Macomb Warren Bank
Jul 1, 1990	Mhi-Npes Fcu	FL	Tropical Financial Credit Union
Jul 1, 1990	Knights of Columbus of Western Michigan Federal Credit Union	MI	Credit Union One
Jul 1, 1990	Union Federal Savings Bank	IN	Union Federal Bank of Indianapolis
Jul 1, 1990	Greater Charlotte Federal Credit Union	NC	Alero Financial Credit Union
Jul 1, 1990	MSHD-VI Fcu	MS	Mississippi Department of Transportation Federal Credit Union
Jul 1, 1990	Lancaster County Employees Credit Union	PA	Lancaster Red Rose Credit Union
Jul 1, 1990	JWC Empl Fcu	FL	Gte Federal Credit Union dba Gte Financial
Jul 1, 1990	Society Bank, Knox	IN	Society National Bank, Indiana
Jul 1, 1990	California Conference Credit Union	CA	Interfaith Federal Credit Union
Jul 1, 1990	Georgetown National Bank	TX	Hartland Bank, National Association
Jul 1, 1990	CYS Federal Credit Union	MD	Nymeo Federal Credit Union
Jul 1, 1990	First of America Bank - Alpena	MI	First of America Bank - Northern Michigan
Jul 1, 1990	I.A.M. Lodge 758 Federal Credit Union	CA	Logix Federal Credit Union
Jul 1, 1990	Moore Fremont Federal Credit Union	OH	Fremont Federal Credit Union
Jul 1, 1990	Ibew 143 Credit Union	PA	Belco Community Credit Union
Jul 1, 1990	Muskegon Printing Industrial Employees Credit Union	MI	Family Financial Credit Union
Jul 1, 1990	Society Bank, Goshen	IN	Society National Bank, Indiana
Jul 1, 1990	Trustcorp of Florida N.A.	FL	Key Trust Company of Florida, N.A.
Jul 1, 1990	Contented Federal Credit Union	WA	Canopy Federal Credit Union
Jul 1, 1990	Century Bank	AZ	Residual Bank
Jul 1, 1990	Valley Financial Services, Inc.	IL	Illinois Banc One Corporation
Jul 1, 1990	Bank South Waycross, Inc.	GA	Bank South Corporation
Jul 1, 1990	Universal Bancorp	WV	Hometown Bancshares, Inc.
Jul 1, 1990	Bank South Macon, Inc.	GA	Bank South Corporation
Jul 1, 1990	Four Freedoms Federal Credit Union	PA	Pannonia Federal Credit Union
Jul 1, 1990	Nreca-Rochdale Federal Credit Union	DC	Agriculture Federal Credit Union
Jul 1, 1990	Border Credit Union	AZ	American Southwest Credit Union
Jul 1, 1990	E L C M Federal Credit Union	OH	Tri-State Federal Credit Union
Jul 1, 1990	Whiting Federal Credit Union	OH	Cinco Family Financial Center Credit Union
Jun 30, 1990	Williams Bros SVG & Ca Cu	GA	Georgia United Credit Union
Jun 30, 1990	Great American Bank, Federal Savings Bank	AZ	Great American Federal Savings Association
Jun 30, 1990	Bank IV Lenexa, National Association	KS	Bank IV Kansas City, National Association
Jun 30, 1990	Plaza National Bank	TX	Community Bank & Trust, S.S.B.
Jun 30, 1990	Octelco Credit Union, Inc.	OH	Desco Federal Credit Union
Jun 30, 1990	Pontiac Columbus Federal Credit Union	MI	Metro North Federal Credit Union
Jun 30, 1990	Hotel Inter-Continental Maui Federal Credit Union	HI	Valley Isle Community Federal Credit Union
Jun 30, 1990	Bank IV Corporate Woods, National Association	KS	Bank IV Kansas City, National Association
Jun 30, 1990	Vidor State Bank	TX	Community Bank & Trust, S.S.B.
Jun 30, 1990	First National Bank of Woodville	TX	Community Bank & Trust, S.S.B.
Jun 30, 1990	Warner Center Bank	CA	City National Bank
Jun 30, 1990	Equitable Bank, National Association	MD	Maryland National Bank
Jun 30, 1990	Eggers Industries Neenah Credit Union	WI	Lakeview Credit Union
Jun 30, 1990	Mayco L a Federal Credit Union	CA	First City Credit Union

The list holds 500 of the 973 mergers recorded for 1990.

Enforcement Actions in 1990

Action date	Agency	Institution	Action
Jun 25, 1990	OCC_OTS	Ponce De Leon Mortgage Corporation	Orders of Removal/Prohibition: Jorge Guillermo Hurtado
Jun 25, 1990	OCC	(individual)	Civil Money Penalty (CMP): Habenicht, Harold G.
Jun 25, 1990	OCC	(individual)	Civil Money Penalty (CMP): Gibson, Kenneth T.
Jun 25, 1990	OCC	(individual)	Civil Money Penalty (CMP): Taylor, J. F.
Jun 25, 1990	OCC	(individual)	Civil Money Penalty (CMP): Roberts, J. T.
Jun 25, 1990	OCC	(individual)	Civil Money Penalty (CMP): Johnston, Fulton
Jun 21, 1990	OCC	First National Bank	Civil Money Penalty (CMP): McCaslin, Henry E.
Jun 21, 1990	OCC_OTS	Germania Bank a Federal Savings Bank	Cease and Desist: Germania Bank, A Federal Savings Bank
Jun 19, 1990	OCC_OTS	Bell Federal Savings Bank	Cease and Desist: Bell Savings and Loan Association
Jun 19, 1990	OCC	First National Bank at Oswego	Civil Money Penalty (CMP): Leeseberg, Roger P.
Jun 18, 1990	OCC_OTS	Home Savings and Loan Association, Federal Association	Cease and Desist: Home Savings and Loan Association
Jun 14, 1990	OCC	The First National Bank of Holland	Civil Money Penalty (CMP): Mewhinney, Gene B.
Jun 14, 1990	OCC	The First National Bank of Holland	Civil Money Penalty (CMP): Rose, Paula
Jun 14, 1990	OCC	The First National Bank of Holland	Civil Money Penalty (CMP): Proctor, Ronald
Jun 14, 1990	OCC	The First National Bank of Holland	Civil Money Penalty (CMP): Mewhinney, Charlene
Jun 11, 1990	OCC_OTS	Enterprise Savings and Loan Association	Civil Money Penalty: Enterprise Savings and Loan Association
Jun 11, 1990	OCC_OTS	Farm & Home Savings Association	Orders of Removal/Prohibition: Mark J. Brookner
Jun 8, 1990	OCC	The First National Bank of Gracemont	Civil Money Penalty (CMP): Johnson, Ronald M.
Jun 8, 1990	OCC	The First National Bank of Gracemont	Civil Money Penalty (CMP): Johnson, Susan
Jun 6, 1990	OCC	Burbank National Bank	Civil Money Penalty (CMP): Held, Allen R.
Jun 5, 1990	OCC_OTS	United Roosevelt Savings and Loan Association	Cease and Desist: Ronald Rudd
Jun 5, 1990	OCC	The First National Bank of Bertha-Verndale	Civil Money Penalty (CMP): Hahn, Larry
Jun 5, 1990	OCC_OTS	United Roosevelt Savings and Loan Association	Cease and Desist: Donald J. Moskowitz
Jun 5, 1990	OCC_OTS	First Northern Savings and Loan Association	Cease and Desist: Harry Amus
Jun 1, 1990	OCC_OTS	George Washington Federal Savings Association	Orders of Removal/Prohibition: Steven D. Bogard
Jun 1, 1990	OCC_OTS	First Federal Savings & Loan Association of Valdosta	Orders of Removal/Prohibition: Henry A. Winn
May 31, 1990	OCC_OTS	American Savings Bank	Cease and Desist: John F. Coleman
May 31, 1990	OCC	The Milford National Bank and Trust Company	Formal Agreement: Milford National Bank And Trust Company
May 31, 1990	OCC_OTS	(individual)	Orders of Removal/Prohibition: Louis A. Mitchell
May 29, 1990	OCC_OTS	Marshall Federal Savings and Loan Association	Civil Money Penalty: Roger K. Jones
May 29, 1990	OCC_OTS	Marshall Federal Savings and Loan Association	Cease and Desist: Ronnie Matthews
May 29, 1990	OCC_OTS	Marshall Federal Savings and Loan Association	Cease and Desist: Ronnie Matthews
May 29, 1990	OCC_OTS	Marshall Federal Savings and Loan Association	Civil Money Penalty: Jack Sanders
May 29, 1990	OCC_OTS	Marshall Federal Savings and Loan Association	Civil Money Penalty: Raymond Williams
May 25, 1990	OCC_OTS	(individual)	Cease and Desist: Dr. Motilal Raichand
May 25, 1990	OCC_OTS	(individual)	Orders of Removal/Prohibition: D. Gary Alvey
May 25, 1990	OCC	Resourcebank, N.A.	Prohibition/Removal Orders: Reyna, Gloria Medina
May 25, 1990	OCC	Resourcebank, N.A.	Prohibition/Removal Orders: Townsend, James Walton
May 25, 1990	OCC	First National Bank in Bogata	Civil Money Penalty (CMP): Blackstone, Ronald
May 24, 1990	OCC	The Bank of New York Trust Company, N.A.	Civil Money Penalty (CMP): Bank of New York Trust Company of Florida, N.A., The
May 24, 1990	OCC	Banco Nacional, N.A.	Civil Money Penalty (CMP): Maymi, Guido U.
May 24, 1990	OCC	Union National Bank of Oklahoma	Civil Money Penalty (CMP): Union National Bank Of Oklahoma
May 24, 1990	OCC	Union National Bank of Arkansas Little Rock	Civil Money Penalty (CMP): Union National Bank Of Arkansas, Little Rock, Arkansas
May 24, 1990	OCC	Union National Trust Company	Civil Money Penalty (CMP): Union National Bank
May 22, 1990	OCC_OTS	First Federal Savings Bank of Zion	Cease and Desist: First Savings Bank of Zion
May 21, 1990	OCC	Moody National Bank	Civil Money Penalty (CMP): Moody National Bank Of Galveston
May 21, 1990	OCC	Titan Bank, N.A.	Civil Money Penalty (CMP): Meyers, Frank C.
May 21, 1990	OCC_OTS	Anchor Savings and Loan Association	Orders of Removal/Prohibition: Joseph S. Plis
May 21, 1990	OCC_OTS	Anchor Savings and Loan Association	Orders of Removal/Prohibition: Richard Kowalczyk
May 20, 1990	OCC_OTS	Marshall Federal Savings and Loan Association	Civil Money Penalty: Franklin Jones Jr.

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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