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 | Assets |
|---|---|---|
| Feb 23, 1990 | Imperial Federal Savings Assoc. | $9.58B |
| Feb 23, 1990 | Mercury Savings | $2.16B |
| Feb 23, 1990 | First Atlantic S & La | $1.30B |
| Feb 23, 1990 | Texasbanc Savings | $248.8M |
| Feb 23, 1990 | Provident Sa | $244.9M |
| Feb 23, 1990 | Nowlin Sa | $200.5M |
| Feb 23, 1990 | Vanguard SB | $176.9M |
| Feb 23, 1990 | Frontier FS & La | $146.9M |
| Feb 23, 1990 | Community Federal Savings Bank | $112.0M |
| Feb 23, 1990 | First Standard Fed. Savings Assoc. | $77.6M |
| Feb 23, 1990 | First Federal Sav. ASSOC./BLUEFIELD | $39.3M |
| Feb 23, 1990 | The Bank of Ruidoso | $27.8M |
| Feb 23, 1990 | Greenwood FS & La | $26.7M |
| Feb 23, 1990 | The Red River Bank | $6.5M |
| Feb 22, 1990 | The First State Bank of Regent | $9.7M |
| Feb 21, 1990 | The Ben Franklin FS & La | $4.62B |
| Feb 16, 1990 | Franklin FSA | $9.26B |
| Feb 16, 1990 | Great American FS & La | $1.01B |
| Feb 16, 1990 | State FS & La | $526.3M |
| Feb 16, 1990 | Western Empire FS & La | $406.6M |
| Feb 16, 1990 | Freedom Sa | $360.4M |
| Feb 16, 1990 | Heritage FSB | $225.0M |
| Feb 16, 1990 | Equitable S & La, F.A. | $73.2M |
| Feb 16, 1990 | Fidelity Savings Bank | $16.3M |
| Feb 15, 1990 | Huffman Bank | $22.0M |
| Feb 15, 1990 | Northway National Bank | $19.1M |
| Feb 15, 1990 | Gateway National Bank | $8.6M |
| Feb 9, 1990 | Abq Bank, a FSB | $2.02B |
| Feb 9, 1990 | American Federal Savings Assoc. | $910.7M |
| Feb 9, 1990 | Vermont Sa | $334.9M |
| Feb 9, 1990 | Huntington FS & La | $120.4M |
| Feb 9, 1990 | Liberty Savings Bank FSB | $49.5M |
| Feb 9, 1990 | Fairmont Federal Savings Assoc. | $46.0M |
| Feb 8, 1990 | The First National Bank of Colbert | $17.9M |
| Feb 2, 1990 | Centrust Bank, SB | $8.22B |
| Feb 2, 1990 | Pioneer Savings Bank, FSB | $1.94B |
| Feb 2, 1990 | Clyde FS & La | $574.7M |
| Feb 2, 1990 | Sentinel FS & La | $174.9M |
| Feb 2, 1990 | Henderson Home S & La | $50.4M |
| Feb 2, 1990 | Citizens National Bank of Walnut Ridge | $37.5M |
| Feb 2, 1990 | Commerce Bank of Tampa | $21.6M |
| Feb 1, 1990 | Tyler National Bank | $24.7M |
| Jan 31, 1990 | Merabank FSB | $6.32B |
| Jan 26, 1990 | Monroe Savings Bank, FSB | $520.6M |
| Jan 26, 1990 | Banctexas Dallas, N.A. | $340.9M |
| Jan 26, 1990 | Williamsburg FS & La | $310.5M |
| Jan 26, 1990 | Colonial S & La | $170.9M |
| Jan 26, 1990 | First Savings Assoc. | $113.4M |
| Jan 26, 1990 | Creditbank | $76.4M |
| Jan 26, 1990 | Palo Duro FS & La | $65.0M |
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 | Acquirer |
|---|---|---|
| Nov 1, 1990 | NBD F & M Bank, National Association | Bank One, Michigan |
| Nov 1, 1990 | First Federal Savings and Loan Association | First Palmetto Bank |
| Nov 1, 1990 | Affiliated Bank/DuPage | Lasalle Bank Illinois |
| Nov 1, 1990 | First Wisconsin Northwestern National Bank of Milwaukee | Firstar Bank Milwaukee, National Association |
| Nov 1, 1990 | (unnamed) | Union National Bank of Arkansas Little Rock |
| Nov 1, 1990 | NBD Northwest Bank, National Association | Bank One, Michigan |
| Nov 1, 1990 | NBD Monroe County Bank | Bank One, Michigan |
| Nov 1, 1990 | Decatur-Macon County Catholic Credit Union | Staley Credit Union |
| Nov 1, 1990 | City of Harvey Employees Credit Union | Sherwin Williams Employees Credit Union |
| Nov 1, 1990 | Affiliated Bank/Western National | Lasalle Bank Illinois |
| Nov 1, 1990 | Affiliated Bank/North Shore National | Lasalle Bank Illinois |
| Nov 1, 1990 | Pheoll Employees Credit Union | Central Credit Union of Illinois |
| Nov 1, 1990 | Old Kent Bank | Old Kent Bank, National Association |
| Nov 1, 1990 | NBD Battle Creek, National Association | Bank One, Michigan |
| Oct 31, 1990 | Buchanan County Credit Union | Veridian Credit Union |
| Oct 29, 1990 | Bank of New England - West, National Association | Bank of New England, N.A. |
| Oct 27, 1990 | First Texas Bank | Lockwood National Bank of Houston |
| Oct 27, 1990 | Dairyman's State Bank | Bank One, Beaver Dam |
| Oct 26, 1990 | The National Bank of Commerce of Nitro | Huntington Bank Charleston N.A. |
| Oct 26, 1990 | American Bank of Chattanooga Financial Corp | SunTrust Bank, Chattanooga, National Association |
| Oct 24, 1990 | Illinois Center Bancorporation, Inc. | Lake Shore Bancorp, Inc. |
| Oct 24, 1990 | Valley Center Bancshares, Inc. | INTRUST Financial Corporation |
| Oct 20, 1990 | The Torrance National Bank | California United Bank |
| Oct 20, 1990 | Star Banc Corporation, Northern Kentucky No. 1 | Star Bank, National Association, Kentucky |
| Oct 20, 1990 | Commercial National Bank and Trust Company | Union Planters Bank of Louisiana |
| Oct 19, 1990 | Shawmut Bank of Franklin County | Fleet National Bank of Massachusetts |
| Oct 19, 1990 | Shawmut First Bank and Trust Company | Fleet National Bank of Massachusetts |
| Oct 19, 1990 | Shawmut Bank of Hampshire County, National Association | Fleet National Bank of Massachusetts |
| Oct 19, 1990 | The National Bank of Commerce of South Charleston | Huntington Bank Charleston N.A. |
| Oct 17, 1990 | Hawthorne Investment Co. Inc | Malden Trust Company |
| Oct 16, 1990 | N I M C Credit Union | North Iowa Community Credit Union |
| Oct 15, 1990 | Village Savings Bank | The Monadnock Bank |
| Oct 15, 1990 | Lone Rock Investments, Inc. | Royal Bancshares, Inc. |
| Oct 13, 1990 | Star Bank, Northern Kentucky | Star Bank, National Association, Kentucky |
| Oct 12, 1990 | First NH Banks, Inc. | Bank of Ireland First Holdings, Inc. |
| Oct 12, 1990 | Western Community Bancorp | Western Community Bank |
| Oct 10, 1990 | Uiu Local 48 Credit Union | Steel Valley Federal Credit Union |
| Oct 10, 1990 | RBC Holdings (Delaware) Inc. | RBC Holdings (Delaware) Inc. |
| Oct 8, 1990 | Harvard Building Corporation | The F&M Bank & Trust Company |
| Oct 6, 1990 | Citibank (Utah) | KeyBank National Association |
| Oct 2, 1990 | Metropolitan Holding Company, Inc. | Baltimore Bancorp |
| Oct 2, 1990 | SS&D Credit Union | Eastex Credit Union |
| Oct 2, 1990 | Ae Employees Federal Credit Union | Southern Security Federal Credit Union |
| Oct 1, 1990 | Peoples Bank of Central Virginia | F & M Bank/Central Virginia |
| Oct 1, 1990 | Bank of Maryland - Carroll County | Bank of Maryland |
| Oct 1, 1990 | East Bonneville Credit Union | A+ Credit Union |
| Oct 1, 1990 | Stetson Univ Cu | Florida Baptist Credit Union |
| Oct 1, 1990 | Bank of Maryland - Harford County | Bank of Maryland |
| Oct 1, 1990 | Exchange Bank of DuPage, Oak Brook, Illinois | La Salle Bank Westmont |
| Oct 1, 1990 | Charter Bank Group, Inc. | First Chicago NBD Corporation |
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 | Assets |
|---|---|---|
| Sep 12, 1990 | The Pawnee National Bank | $14.2M |
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