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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
Aug 24, 1990 Broken Arrow Savings Assoc. Broken Arrow, OK $26.9M Metro Bank of Broken Arrow
Aug 22, 1990 Sweetwater FS & La Rock Springs, WY $11.6M First Security Bank
Aug 17, 1990 First FSA of Tuscola Tuscola, IL $23.2M First NB of Arcola
Aug 17, 1990 Financial Savings of Hartford FSB Hartford, CT $21.9M Northeast Savings, F.A.
Aug 16, 1990 Cherry Creek National Bank Denver, CO $85.8M The Bank of Cherry Creek, N
Aug 16, 1990 City National Bank Houston, TX $35.6M Charter National Bank-Colon
Aug 16, 1990 Capitol Bank & Trust Oklahoma City, OK $33.1M First Fidelity Bank, Nation
Aug 10, 1990 The National Bank of Washington Washington, DC $1.65B The Riggs National Bank of
Aug 10, 1990 First Pacific Bank Beverly Hills, CA $118.8M Commercial Center Bank
Aug 10, 1990 Superior Federal Savings Bank Nacogdoches, TX $80.2M Branch sale
Aug 10, 1990 American Sa of MT. Carmel Mt. Carmel, IL $11.9M Union FSB
Aug 9, 1990 First National Bank of Corpus Christi Corpus Christi, TX $117.0M First City, Texas-Corpus CH
Aug 3, 1990 Hometown FSA Winfield, IL $46.5M Irving Bank
Aug 3, 1990 Tennessee Federal Savings Bank Cookeville, TN $40.0M Peoples B&T of Cumberlands
Aug 3, 1990 Amigo FS & La Brownsville, TX $20.7M Brownsville NB
Aug 2, 1990 American Bank & Trust Company Baton Rouge, LA $351.5M Hancock Bank of Louisiana
Aug 2, 1990 United Bank of Waco, National Assoc Waco, TX $250.0M Bank One, Texas, National a
Jul 31, 1990 United FSB Vienna, VA $415.6M Crestar Bank
Jul 27, 1990 Professional Savings Bank Coral Gables, FL $695.6M Branch sale
Jul 27, 1990 Statesman Bank for Savings, FSB Des Moines, IA $540.4M Branch sale
Jul 27, 1990 Citizens & Builders FS Pensacola, FL $119.2M Central Bank of the South
Jul 27, 1990 Guaranty Savings Bank FSB Fayetteville, NC $53.9M Branch sale
Jul 27, 1990 U.S. Savings Bank of America Seabrook, NH $12.4M Family Savings Bank of New
Jul 26, 1990 Continental Bank Dallas, TX $135.5M Comerica Bank - Texas
Jul 26, 1990 Bank of Odessa Odessa, TX $14.4M Western National Bank
Jul 26, 1990 Bank of Wilson Wilson, OK $13.0M American National Bank
Jul 26, 1990 First National Bank Purcell, OK $10.9M McClain County National Ban
Jul 20, 1990 Mainstay Federal Savings Red Bank, NJ $226.1M Bankers Savings
Jul 20, 1990 Charter Bank, a FSB Hattiesburg, MS $130.8M Branch sale
Jul 20, 1990 Commonwealth Savings Assoc. New Orleans, LA $44.0M St. Bernard B&TC
Jul 20, 1990 United FS & La Vidalia, LA $18.9M Concordia B&TC
Jul 13, 1990 Capitol-Union FSA Baton Rouge, LA $392.8M Deposit payout
Jul 13, 1990 The Permanent Savings Bank Niagara Falls, NY $330.0M Key Bank of Western New Yor
Jul 13, 1990 North Texas FSA Wichita Falls, TX $97.0M Team Bank
Jul 13, 1990 Summit First S & La Summit, IL $57.8M Marquette NB
Jul 13, 1990 Progressive SB Natchitoches, LA $50.2M Deposit payout
Jul 12, 1990 American National Bank of Greenville Greenville, TX $29.1M Sulphur Springs State Bank
Jul 12, 1990 Iredell State Bank Iredell, TX $10.0M First Security Bank - Cranf
Jul 6, 1990 Milford Savings Bank Milford, MA $328.1M Peoples Savings Bank
Jul 6, 1990 Capital National Bank Bronx, NY $158.2M New York Capital Bank, N.A.
Jul 6, 1990 Heritage FSA Lancaster, PA $48.8M Harris Sa
Jul 5, 1990 Home SB, FSB Salt Lake City, UT $12.8M Zions First NB
Jun 29, 1990 Eliot Savings Bank Boston, MA $479.5M South Boston Savings Bank
Jun 29, 1990 Travis Savings & Loan Assoc. San Antonio, TX $321.7M International Bank of Comme
Jun 29, 1990 First Jackson FSB Jackson, MS $116.5M Trustmark NB
Jun 29, 1990 Windsor Savings Assoc. Austin, TX $108.8M Deposit payout
Jun 29, 1990 Charter Savings & Loan Stamford, CT $103.0M Greenwich FS&LA
Jun 29, 1990 The Montgomery National Bank Montgomery TWNSP, NJ $92.6M Amboy National Bank
Jun 29, 1990 Pioneer FS & La Marietta, OH $9.5M Deposit payout
Jun 28, 1990 Southwest National Bank Austin, TX $33.6M Texas Bank

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
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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