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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
Nov 2, 1990 Lone Star National Bank Dallas, TX $34.2M Comerica Bank - Texas
Nov 1, 1990 Trinity National Bank Benbrook, TX $21.5M —
Oct 26, 1990 City Savings & Loan San Antonio, TX $183.0M Deposit payout
Oct 26, 1990 Rancho Bernardo Fed. Sav. Bank San Diego, CA $118.6M Branch sale
Oct 26, 1990 The Farmers and Merchants Bank of Sheyenne Sheyenne, ND $2.9M The Ramsey National Bank an
Oct 25, 1990 First National Bank of Jackson Jackson, TN $73.7M First Tennessee Bank, Natio
Oct 23, 1990 Superior FSA Cleveland, OH $95.9M Home FSB, Northern Oh
Oct 19, 1990 Heritage Savings Bank, FSB Richmond, VA $888.8M CRFC Interim SB (Crestar Ba
Oct 19, 1990 First American Bank for Savings Boston, MA $526.2M The Boston Five Cents Savin
Oct 19, 1990 Gold Coast Savings Bank Plantation, FL $151.7M Branch sale
Oct 19, 1990 The Brooklyn Savings Bank Danielson, CT $130.9M Willimantic Savings Institu
Oct 19, 1990 Metropolitan National Bank McAllen, TX $19.9M Raymondville State Bank
Oct 12, 1990 International FS & La N. Miami Beach, FL $84.2M Deposit payout
Oct 11, 1990 United Peoples Bank Lampasas, TX $32.7M The First National Bank of
Oct 5, 1990 The Peoples Bank & Trust Company Natchitoches, LA $117.0M Heritage Bank of Natchitoch
Oct 5, 1990 Mountain Ridge State Bank West Orange, NJ $51.4M Mountain Ridge Bank
Oct 4, 1990 Woodway Bank and Trust, N.A. Houston, TX $35.4M National Commerce Bank
Sep 27, 1990 Fort Worth State Bank Fort Worth, TX $20.7M Fidelity Bank
Sep 27, 1990 Great Western National Bank Lewisville, TX $13.4M First Western National Bank
Sep 21, 1990 Sentry Federal Savings Bank Hyannis, MA $735.5M New Bedford Institution for
Sep 21, 1990 Yorkville Federal Savings New York, NY $344.7M Northern SB
Sep 21, 1990 Hidalgo Savings & Loan Edinburg, TX $154.8M Branch sale
Sep 21, 1990 Mercer Savings Bank Trenton, NJ $92.7M Pulawski SB, Sla
Sep 21, 1990 Texas Commercial Sa Sulphur Springs, TX $27.7M First American Bank
Sep 20, 1990 First Comanche Bank Comanche, TX $33.1M —
Sep 20, 1990 City National Bank of Irving Irving, TX $32.1M Comerica Bank-Texas
Sep 20, 1990 First State Bank of Rising Star Rising Star, TX $14.0M The Peoples State Bank
Sep 14, 1990 First SB of Hempstead Hempstead, TX $35.4M Deposit payout
Sep 14, 1990 Ingram State Bank Ingram, TX $23.5M —
Sep 14, 1990 Citizens National Bank Kerrville, TX $12.8M —
Sep 13, 1990 Western National Bank Fort Worth, TX $34.0M Central Bank and Trust
Sep 13, 1990 First National Bank of Kennedale Kennedale, TX $27.5M Central Bank and Trust
Sep 13, 1990 Citizens Bank Clarksville, TX $15.9M State Bank of Dekalb
Sep 13, 1990 First National Bank of Crosby Crosby, ND $12.4M First National Bank & Trust
Sep 7, 1990 El Paso Federal Savings El Paso, TX $433.1M Deposit payout
Sep 7, 1990 First City FSB Lucedale, MS $41.7M Magnolia FB for Savings
Sep 6, 1990 Northside Bank San Antonio, TX $54.7M Bank One, Texas, National a
Aug 31, 1990 Ensign Bank, FSB New York, NY $1.78B Branch sale
Aug 31, 1990 First American Savings Bank, FSB Santa Fe, NM $123.6M Deposit payout
Aug 31, 1990 Atlanta FSA Atlanta, TX $89.4M Kilgore FS&LA
Aug 31, 1990 First FSA Winnfield, LA $54.7M Deposit payout
Aug 30, 1990 Bay City Bank & Trust Co. Bay City, TX $79.6M First State Bank and Trust
Aug 30, 1990 The First National Bank of Levelland Levelland, TX $62.2M Citizens Bank
Aug 30, 1990 Citizens National Bank El Campo, TX $51.3M First Bank
Aug 30, 1990 Chisholm National Bank Plano, TX $20.9M Comerica Bank-Texas
Aug 30, 1990 American Bank of Commerce, N.A. Del Rio, TX $17.4M Del Rio National Bank
Aug 30, 1990 Security National Bank Austin, TX $15.1M Liberty National Bank
Aug 30, 1990 First Bank of Plano Plano, TX $9.2M Compass Bank-Plano
Aug 24, 1990 First FS & La Temple, TX $315.4M Kilgore FS&LA
Aug 24, 1990 Ambassador FS & La Tamarac, FL $184.1M Bank of North America

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
Sep 1, 1990 Huntington Bank of Campbell County, Inc. KY The Huntington National Bank of Kentucky
Sep 1, 1990 Appleton Teachers Credit Union WI Fox Communities Credit Union
Sep 1, 1990 Laborers 1177 Cu LA Formation Federal Credit Union
Sep 1, 1990 Huntington National Bank of Boone County KY The Huntington National Bank of Kentucky
Sep 1, 1990 First National Bank of Weirton WV United National Bank - North
Sep 1, 1990 Wolf Envelope Employees Credit Union, Inc. OH Firefighters Community Cu
Sep 1, 1990 NBD Sandusky Bank MI Bank One, Michigan
Sep 1, 1990 NBD Saginaw MI Bank One, Michigan
Sep 1, 1990 NBD Genesee Bank MI Bank One, Michigan
Sep 1, 1990 First of America Bank - Lewiston MI First of America Bank - Northern Michigan
Sep 1, 1990 TN Mill Empl Cu TN Y-12 Federal Credit Union
Sep 1, 1990 NBD Alpena Bank MI Bank One, Michigan
Sep 1, 1990 Americana State Bank MN Excel Bank Minnesota
Sep 1, 1990 Albany First Federal Savings and Loan Association GA SunTrust Bank, South Georgia, National Association
Sep 1, 1990 Pearl River Valley Fcu LA Zellco Federal Credit Union
Sep 1, 1990 Global Savings Bank, Federal Savings Bank CA United Commercial Bank
Sep 1, 1990 Northern California Grocers Association Credit Union CA S a F E Credit Union
Sep 1, 1990 First Federal Savings and Loan Association of Kendallville IN Peoples Federal Savings Bank of DeKalb County
Sep 1, 1990 Schmidt's Employees Credit Union MN Ideal Credit Union
Sep 1, 1990 Americana State Bank of Hayward MN Excel Bank Minnesota
Sep 1, 1990 Librascope Employees Credit Union CA Logix Federal Credit Union
Sep 1, 1990 T M Employees Credit Union IL Alero Financial Credit Union
Sep 1, 1990 Hartford Community Credit Union WI Glacier Hills Credit Union
Aug 31, 1990 Burnett State Bank WI Horicon Bank
Aug 31, 1990 First Canyon Bancorporation, Inc. TX First Canyon Bancorporation, Inc.
Aug 31, 1990 First Borger Bancshares, Inc. TX First Borger Bancshares, Inc.
Aug 31, 1990 Citizens National Corporation IN Ambanc Corp.
Aug 31, 1990 Sangamon County Credit Union IL Sangamo Chapter Credit Union
Aug 31, 1990 Delta Valley Federal Credit Union LA Shreveport Federal Credit Union
Aug 31, 1990 Cissell Credit Union KY Advanz Federal Credit Union
Aug 30, 1990 Bancboston Securities, Inc. MA Bankboston Corporation
Aug 27, 1990 Nine Lives Federal Credit Union NC First Flight Federal Credit Union
Aug 24, 1990 La Jolla Bank & Trust Company CA (unnamed)
Aug 24, 1990 Mother Lode Savings Bank CA U.S. Bank of California
Aug 23, 1990 First Banker's Mortgage Company CA La Jolla Bank & Trust Company
Aug 23, 1990 H.D. McNee Realty Advisors, Inc. CA La Jolla Bank & Trust Company
Aug 23, 1990 La Jolla Realty Capital Corporation CA La Jolla Bank & Trust Company
Aug 23, 1990 LJ Mortgage Company CA La Jolla Bank & Trust Company
Aug 23, 1990 Westbrook-Darfur State Bank MN Bank Midwest of Cottonwood County
Aug 20, 1990 Woodhull State Bank IL The Farmers National Bank of Geneseo
Aug 20, 1990 Boatmen's National Bank of Neosho MO Boatmen's Bank of Southwest Missouri
Aug 20, 1990 State Bank of Campbell MO First Community Bank, Missouri
Aug 18, 1990 Valley Bank Port Washington (National Association) WI Valley Bank
Aug 18, 1990 Bank One, Neenah, National Association WI Bank One, Appleton, National Association
Aug 16, 1990 Illini Bancshares, Inc. IL Raymond Bancorp, Inc.
Aug 15, 1990 NBC No. 700 Employees Federal Credit Union NY Matteawan Federal Credit Union
Aug 15, 1990 New York State Federation of Police Federal Credit Union NY Educational and Governmental Employees Federal Credit Union
Aug 15, 1990 Murray School District Credit Union UT Granite Federal Credit Union
Aug 14, 1990 Morgan Credit Union, Inc. OH Buckeye State Credit Union, Inc.
Aug 13, 1990 Texas Commerce Bank - Friendswood TX Chase Bank of Texas, National Association

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

Enforcement Actions in 1990

Action date Agency Institution Action
May 17, 1990 OCC Enterprise National Bank Civil Money Penalty (CMP): Reed, Robert
May 16, 1990 OCC PiBank, N.A. Civil Money Penalty (CMP): Banco Pedroso, N.A.
May 16, 1990 OCC_OTS Frank Lyon of Puerto Rico, Incorporated Orders of Removal/Prohibition: Ramon L. Rivera
May 16, 1990 OCC Louisiana National Bank Formal Agreement: First National Bank Bienville Parish
May 15, 1990 OCC_OTS (individual) Decision/Opinion and Order: Imperial Savings Assocaition
May 15, 1990 OCC_OTS (individual) Cease and Desist: United Savings Bank, F.S.B.
May 15, 1990 OCC_OTS Executive Banc Savings Association, F.A. Orders of Removal/Prohibition: Kenneth B. Rice
May 14, 1990 OCC Powell Valley National Bank Civil Money Penalty (CMP): Powell Valley National Bank
May 11, 1990 OCC Bank of New England Corporation Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bank Of New England - West …
May 9, 1990 OCC First National Bank of Dayton Prohibition/Removal Orders: Yeates, J. Owen
May 9, 1990 OCC Resourcebank, N.A. Prohibition/Removal Orders: Trodden, James A.
May 9, 1990 OCC Texana National Bank of Belton Prohibition/Removal Orders: Sink, Jere D.
May 9, 1990 OCC Resourcebank, N.A. Prohibition/Removal Orders: Malcolm, Nathaniel Erick
May 9, 1990 OCC Texana National Bank of Belton Prohibition/Removal Orders: Godfrey, S. Chad
May 9, 1990 OCC First National Bank of Dayton Prohibition/Removal Orders: Jones, Jedd Pierce
May 9, 1990 OCC First National Bank of Dayton Prohibition/Removal Orders: Jorgensen, Bradley Joel
May 9, 1990 OCC Resourcebank, N.A. Prohibition/Removal Orders: Harwood, Fred Leroy
May 9, 1990 OCC Texana National Bank of Belton Prohibition/Removal Orders: Epley, James F.
May 9, 1990 OCC Texana National Bank of Belton Prohibition/Removal Orders: Bernstein, Elliot J.
May 9, 1990 OCC Resourcebank, N.A. Prohibition/Removal Orders: Barrus, James Comet
May 8, 1990 OCC Citizens National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Citizens National Bank
May 8, 1990 OCC Guardian Bank, N.A. Prohibition/Removal Orders: Bernstein, Louis B.
May 7, 1990 OCC_OTS Commonwealth Federal Savings and Loan Association Orders of Removal/Prohibition: Barry E. Chapnick
May 7, 1990 OCC Guardian Bank, N.A. Prohibition/Removal Orders: Milstein, Eddy L.
May 7, 1990 OCC Willow Bend National Bank Civil Money Penalty (CMP): Stephens, Mark
May 7, 1990 OCC Willow Bend National Bank Civil Money Penalty (CMP): Harvard, Jack C.
May 7, 1990 OCC Willow Bend National Bank Civil Money Penalty (CMP): Flood, Thomas
May 4, 1990 OCC Maine National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Maine National Bank
May 3, 1990 OCC Bank of New England - Old Colony, National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bank Of New England-Old Colony, National …
May 2, 1990 OCC_OTS Civic Federal Savings Bank Cease and Desist: Civic Federal Savings Bank
May 1, 1990 OCC_OTS Frank Lyon of Puerto Rico, Incorporated Orders of Removal/Prohibition: Carmen Camelie Miranda de Erazo
May 1, 1990 OCC The First National Bank of Bastrop Civil Money Penalty (CMP): Jones, Jimmie J.
Apr 30, 1990 FRB Commerce Bank of Plano Prohibition from Banking: Sam M. Thomas, III
Apr 27, 1990 OCC_OTS Vision Banc Savings Orders of Removal/Prohibition: Richard A. Yeager
Apr 26, 1990 OCC_OTS Blue Ridge Savings Bank, Inc Supervisory Agreement: Blue Ridge Savings Bank, Inc.
Apr 26, 1990 OCC_OTS First Atlantic Federal Saving Association Orders of Removal/Prohibition: Gerald R. O'Keefe
Apr 23, 1990 OCC_OTS (individual) Cease and Desist: Mississippi Savings Bank
Apr 23, 1990 OCC_OTS Connecticut Federal Savings and Loan Association Cease and Desist: Connecticut Savings and Loan Association
Apr 23, 1990 OCC Heritage National Bank Civil Money Penalty (CMP): Beissel, Josh
Apr 23, 1990 OCC First National Bank of Stewartville Civil Money Penalty (CMP): Herrick, Donald W.
Apr 23, 1990 OCC Heritage National Bank Civil Money Penalty (CMP): Herrick, Donald W.
Apr 23, 1990 OCC The First National Bank in St. Charles Civil Money Penalty (CMP): Herrick, Donald W.
Apr 18, 1990 OCC First National Bank of Detroit Lakes Civil Money Penalty (CMP): Lueben, Robert
Apr 16, 1990 OCC The Connecticut Bank and Trust Company, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Connecticut Bank and Trust Company …
Apr 14, 1990 OCC_OTS United Roosevelt Savings and Loan Association Cease and Desist: United Savings Bank, S.L.A.
Apr 13, 1990 OCC_OTS Enterprise Savings and Loan Association Cease and Desist: Enterprise Savings and Loan Association
Apr 10, 1990 OCC The First National Bank of Bertha-Verndale Civil Money Penalty (CMP): Braaten, Marvin G.
Apr 10, 1990 OCC The First National Bank of Bonham Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Bonham
Apr 4, 1990 OCC_OTS Summit First Savings and Loan Association, Federal Association Cease and Desist: Summit First Federal Savings and Loan Association
Mar 27, 1990 OCC_OTS (individual) Orders of Removal/Prohibition: Everett J. Cassidy

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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