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
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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