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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
Feb 23, 1990 Imperial Federal Savings Assoc. San Diego, CA $9.58B Branch sale
Feb 23, 1990 Mercury Savings Huntington Beach, CA $2.16B Security Pacific NB, N.A.
Feb 23, 1990 First Atlantic S & La Plainfield, NJ $1.30B Branch sale
Feb 23, 1990 Texasbanc Savings Conroe, TX $248.8M Guaranty FSB
Feb 23, 1990 Provident Sa Casper, WY $244.9M Key Bank of WY - Casper
Feb 23, 1990 Nowlin Sa Ft. Worth, TX $200.5M Comerica Bank-TX
Feb 23, 1990 Vanguard SB Vandergrief, PA $176.9M S&T Bank
Feb 23, 1990 Frontier FS & La Walla Walla, WA $146.9M Washington Mutual
Feb 23, 1990 Community Federal Savings Bank East Moline, IL $112.0M Branch sale
Feb 23, 1990 First Standard Fed. Savings Assoc. Fairmont, WV $77.6M Community B&T, N.A.
Feb 23, 1990 First Federal Sav. ASSOC./BLUEFIELD Bluefield, WV $39.3M First FSB
Feb 23, 1990 The Bank of Ruidoso Ruidoso, NM $27.8M United New Mexico Bank at a
Feb 23, 1990 Greenwood FS & La Greenwood, MS $26.7M Magnolia FB for Savings
Feb 23, 1990 The Red River Bank Red River, NM $6.5M Centinel Bank of Taos
Feb 22, 1990 The First State Bank of Regent Regent, ND $9.7M First National Bank
Feb 21, 1990 The Ben Franklin FS & La Portland, OR $4.62B Bank of America, FSB
Feb 16, 1990 Franklin FSA Ottawa, KS $9.26B Branch sale
Feb 16, 1990 Great American FS & La Oak Park, IL $1.01B Branch sale
Feb 16, 1990 State FS & La Tulsa, OK $526.3M Branch sale
Feb 16, 1990 Western Empire FS & La Yorba Linda, CA $406.6M Southern California Bank
Feb 16, 1990 Freedom Sa Columbus, OH $360.4M Branch sale
Feb 16, 1990 Heritage FSB Omaha, NE $225.0M Branch sale
Feb 16, 1990 Equitable S & La, F.A. Columbus, NE $73.2M Conservative SB, FSB
Feb 16, 1990 Fidelity Savings Bank Danville, IL $16.3M First Midwest Bank
Feb 15, 1990 Huffman Bank Huffman, TX $22.0M Channelview Bank
Feb 15, 1990 Northway National Bank Dallas, TX $19.1M City National Bank of Carro
Feb 15, 1990 Gateway National Bank Phoenix, AZ $8.6M Citibank (Arizona)
Feb 9, 1990 Abq Bank, a FSB Albuquerque, NM $2.02B Bank of America NM, N.A.
Feb 9, 1990 American Federal Savings Assoc. Des Moines, IA $910.7M Branch sale
Feb 9, 1990 Vermont Sa Timonium, MD $334.9M First NB of MD
Feb 9, 1990 Huntington FS & La Huntington Beach, CA $120.4M American SB, F.A.
Feb 9, 1990 Liberty Savings Bank FSB Randallstown, MD $49.5M Royal Oak SB, FSA
Feb 9, 1990 Fairmont Federal Savings Assoc. Fairmont, MN $46.0M First Farmers & Merchant NB
Feb 8, 1990 The First National Bank of Colbert Colbert, OK $17.9M The Durant Bank & Trust Com
Feb 2, 1990 Centrust Bank, SB Miami, FL $8.22B Great Western Bank, FSB
Feb 2, 1990 Pioneer Savings Bank, FSB Clearwater, FL $1.94B Great Western Bank, FSB
Feb 2, 1990 Clyde FS & La North Riverside, IL $574.7M Mid-City NB of Chicago
Feb 2, 1990 Sentinel FS & La Phoenix, AZ $174.9M Biltmore Investors Bank, N.A.
Feb 2, 1990 Henderson Home S & La Henderson, KY $50.4M Farmers B&TC
Feb 2, 1990 Citizens National Bank of Walnut Ridge Walnut Ridge, AR $37.5M The Lawrence County Bank
Feb 2, 1990 Commerce Bank of Tampa Tampa, FL $21.6M Southern Exchange Bank
Feb 1, 1990 Tyler National Bank Tyler, TX $24.7M NCNB Texas National Bank
Jan 31, 1990 Merabank FSB Phoenix, AZ $6.32B Branch sale
Jan 26, 1990 Monroe Savings Bank, FSB Rochester, NY $520.6M Manufacturers & Traders Tru
Jan 26, 1990 Banctexas Dallas, N.A. Dallas, TX $340.9M Hibernia National Bank in T
Jan 26, 1990 Williamsburg FS & La Salt Lake City, UT $310.5M Branch sale
Jan 26, 1990 Colonial S & La Cape Girardeau, MO $170.9M Branch sale
Jan 26, 1990 First Savings Assoc. Bismark, ND $113.4M Metropolitan FB, FSB
Jan 26, 1990 Creditbank Cutler Ridge, FL $76.4M Capital Bank
Jan 26, 1990 Palo Duro FS & La Amarillo, TX $65.0M Citizens State Bank of Dalh

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
Oct 1, 1990 Potomac Bancorp, Inc. WV WM Bancorp
Oct 1, 1990 Arvin Employees Credit Union IN Centra Credit Union
Oct 1, 1990 Georgia Episcopal Fcu GA The Southern Credit Union
Oct 1, 1990 Metropolitan Federal Bank Minnesota Federal Savings Bank MN First Bank, Federal Savings Bank
Oct 1, 1990 Pilgrim Empl Fcu GA Fort Gordon and Community Credit Union
Oct 1, 1990 Statesman Insurance Employees Federal Credit Union IN Forum Credit Union
Oct 1, 1990 Rajco Credit Union, Inc. KY C & O United Credit Union
Oct 1, 1990 (unnamed) — The Shelby State Bank
Oct 1, 1990 Greyhound Mid-America Credit Union MO Mazuma Credit Union
Oct 1, 1990 D a I Employees Federal Credit Union IL North Side L Federal Credit Union
Oct 1, 1990 First National Bank of Central Jersey NJ National Westminster Bank USA
Oct 1, 1990 N.L.R. Uniformed Employees Federal Credit Union AR Arkansas Federal Credit Union
Oct 1, 1990 Maryland State Bank MD Bank of Maryland
Oct 1, 1990 (unnamed) — First of America Bank-Quad Cities, National Association
Oct 1, 1990 Bank of Maryland - Montgomery County MD Bank of Maryland
Oct 1, 1990 Miami Childrens Hospital Credit Union FL Tropical Financial Credit Union
Oct 1, 1990 Rainier Federal Credit Union WA Qualstar Credit Union
Oct 1, 1990 Pirse Federal Credit Union PA Fedchoice Federal Credit Union
Oct 1, 1990 Bay National Bank MD Bank of Maryland
Oct 1, 1990 Junction State Bank WI Bank of Athens
Oct 1, 1990 First of America Bank-Ottawa IL First of America Bank-DeKalb, National Association
Oct 1, 1990 Aerovox Employees Credit Union MA First Citizens Federal Credit Union
Oct 1, 1990 Metropolitan Federal Bank of Iowa IA First Bank, Federal Savings Bank
Oct 1, 1990 Shenango Valley Federal Credit Union PA Mercer County Community Federal Credit Union
Oct 1, 1990 Cornerstone Bank NH BayBank NH, National Association
Oct 1, 1990 Marshall Field and Company Employees Credit Union IL Bestsource Credit Union
Oct 1, 1990 Firestone Factory Employees Credit Union, Inc. OH B F G Federal Credit Union
Oct 1, 1990 (unnamed) — Corestates Bank, National Association
Oct 1, 1990 C T a General Office Federal Credit Union IL North Side L Federal Credit Union
Oct 1, 1990 Industrial Workers Fcu GA Augusta Metro Federal Credit Union
Oct 1, 1990 Bank of Oklahoma, Claremore OK RCB Bank
Oct 1, 1990 North Park Garage Federal Credit Union IL 77th Street Depot Federal Credit Union
Oct 1, 1990 C C East Federal Credit Union GA Kinetic Credit Union
Oct 1, 1990 Mcea West Virginia Federal Credit Union WV Chessie Federal Credit Union
Oct 1, 1990 Citrus CMNTY Fcu FL Martin Federal Credit Union
Oct 1, 1990 C&S Credit Union MI Credit Union One
Oct 1, 1990 Garrett Freightlines Employees Federal Credit Union ID Rails West Federal Credit Union
Oct 1, 1990 Anchor Savings and Loan Association IN Citizens Financial Bank
Oct 1, 1990 Wisconsin United Methodist Credit Union WI Pioneer Credit Union
Oct 1, 1990 LaSalle National Bank IL LaSalle Bank National Association
Oct 1, 1990 Citizens Credit Union MI Genisys Credit Union dba Genisys Investment Services
Oct 1, 1990 First America Bank - Mt. Pleasant MI First of America Bank - Mid Michigan, National Association
Oct 1, 1990 Caddo Parish Credit Union LA Wesla Federal Credit Union
Sep 30, 1990 Southern Humboldt Grangers Credit Union CA Butte Federal Credit Union
Sep 30, 1990 Shawsville Bancorp, Incorporated VA Premier Bankshares Corporation
Sep 30, 1990 Salon Credit Union CA California Bear Credit Union
Sep 30, 1990 Clark County Schools Credit Union, Inc. OH Heartland Federal Credit Union
Sep 30, 1990 The First National Bank of Boscobel WI Clare Bank, N.A.
Sep 30, 1990 Citizens State Bank WI Clare Bank, N.A.
Sep 30, 1990 The Bloomington State Bank WI Clare Bank, N.A.

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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