Skip to main content

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
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
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

Browse adjacent years: 1989 · 1991

Or jump to a category: Failures · Mergers · Enforcement · Assistance