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
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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