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
Jun 28, 1990	Brookwood National Bank	Oklahoma City, OK	$26.9M	The Liberty National Bank a
Jun 28, 1990	American National Bank	Elk City, OK	$14.8M	First Community Bank
Jun 28, 1990	The Valley View National Bank	Valley View, TX	$13.0M	The Gainesville National Ba
Jun 28, 1990	Bacliff Bank, N.A.	Bacliff, TX	$7.1M	The Citizens State Bank of
Jun 22, 1990	Germania Bank, FSB	Alton, IL	$785.5M	Mercantile Bank of St. Loui
Jun 22, 1990	Southern Federal Bank for Savings	Gulfport, MS	$142.8M	Branch sale
Jun 21, 1990	Centre National Bank-Farmers Branch	Farmers Branch, TX	$39.7M	Hibernia National Bank in T
Jun 21, 1990	Lakeland State Bank	Austin, TX	$12.8M	Hill Country Bank
Jun 21, 1990	Bank of East Texas	Tyler, TX	$11.0M	Chandler State Bank
Jun 21, 1990	Peoples National Bank	Caldwell, TX	$9.6M	Citizens State Bank
Jun 18, 1990	Farmers and Merchants Bank	Buckeye, AZ	$24.0M	The Stockmen's Bank
Jun 15, 1990	Charter Savings Bank	Newport, CA	$313.9M	Pacific Heritage Bank
Jun 15, 1990	United S & L of Trenton	Trenton, NJ	$277.7M	Penn SB, FSB
Jun 15, 1990	First Federal Savings & Loan	Metairie, LA	$156.3M	Deposit payout
Jun 15, 1990	Moultrie Savings Bank FSB	Moultrie, GA	$65.8M	Moultrie NB
Jun 15, 1990	Bank M	Miami, FL	$10.7M	Bank of North America
Jun 14, 1990	Alliance Bank, N.A.	Austin, TX	$81.1M	Hibernia National Bank in T
Jun 14, 1990	Willow Bend National Bank	Plano, TX	$58.9M	Compass Bank - Plano
Jun 14, 1990	National City Bank of Denver	Denver, CO	$58.4M	Omnibank Southeast
Jun 14, 1990	Exchange National Bank of Del City	Del City, OK	$43.2M	First National Bank of Midw
Jun 14, 1990	The Wimberley Bank	Wimberley, TX	$23.3M	Ozona National Bank
Jun 8, 1990	Home Federal	Worcester, MA	$235.8M	Branch sale
Jun 8, 1990	First Bankers Trust	Midland, TX	$103.6M	Deposit payout
Jun 8, 1990	Hometown Savings Bank FSB	Delphi, IN	$64.7M	Branch sale
Jun 8, 1990	The Merchants Bank of California	Beverly Hills, CA	$62.4M	Western Bank
Jun 7, 1990	Texas National Bank	El Paso, TX	$131.8M	Texas Commerce Bank - El Pa
Jun 7, 1990	Richmark Bank	Houston, TX	$35.2M	Hibernia National Bank in T
Jun 7, 1990	Clifton National Bank	Clifton, TX	$12.1M	First National Bank in Vall
Jun 7, 1990	Hulen National Bank	Fort Worth, TX	$11.7M	First National Bank in Deca
Jun 1, 1990	NBC Bank-San Antonio, National Assoc	San Antonio, TX	$938.2M	NCNB Texas National Bank
Jun 1, 1990	First Annapolis Savings	Annapolis, MD	$720.1M	Branch sale
Jun 1, 1990	The Home National Bank of Milford	Milford, MA	$461.7M	Baybank Middlesex
Jun 1, 1990	Investors of Florida	Deerfield Beach, FL	$282.6M	J. P. Morgan FL, FSB
Jun 1, 1990	NBC Bank-Houston, National Assoc	Houston, TX	$186.2M	NCNB Texas National Bank
Jun 1, 1990	NBC Bank-Rio Grande Valley, N.A.	Mission, TX	$138.7M	NCNB Texas National Bank
Jun 1, 1990	NBC Bank- South Texas, National	Corpus Christi, TX	$118.4M	NCNB Texas National Bank
Jun 1, 1990	Mutual S & La	Weatherford, TX	$104.8M	Deposit payout
Jun 1, 1990	NBC Bank-Seguin, National Assoc	Seguin, TX	$63.8M	NCNB Texas National Bank
Jun 1, 1990	Time FS & La	San Francisco, CA	$57.9M	Sun SB, FSB
Jun 1, 1990	NBC Bank-Boerne, National Assoc	Boerne, TX	$53.8M	NCNB Texas National Bank
Jun 1, 1990	Great Life FSA	Sunrise, FL	$42.7M	U.S. Trust Co. of Florida S
Jun 1, 1990	NBC Bank-Uvalde, National Assoc	Uvalde, TX	$35.1M	NCNB Texas National Bank
Jun 1, 1990	NBC Bank-Austin, National Assoc	Austin, TX	$33.8M	NCNB Texas National Bank
Jun 1, 1990	NBC Bank-Kerrville, National Assoc	Kerrville, TX	$26.0M	NCNB Texas National Bank
May 31, 1990	The Huntsville National Bank	Huntsville, TX	$107.2M	NCNB Texas National Bank
May 31, 1990	The Wilshire Bank, National Assoc	Los Angeles, CA	$24.8M	Mid City Bank, National Ass
May 31, 1990	Rocky Mountain National Bank	Denver, CO	$9.2M	Colonial National Bank
May 25, 1990	Cagaus-Central Federal Savings	Caguas, PR	$1.64B	Banco Santander PR
May 25, 1990	American Pioneer Savings Bank	Orlando, FL	$1.61B	Branch sale
May 25, 1990	First American Federal Savings	Fort Smith, AR	$450.7M	Branch sale

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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