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
Feb 23, 1990	Imperial Federal Savings Assoc.	San Diego, CA	$9.58B	Branch sale
Feb 23, 1990	Mercury Savings	Huntington Beach, CA	$2.16B	Security Pacific NB, N.A.
Feb 23, 1990	First Atlantic S & La	Plainfield, NJ	$1.30B	Branch sale
Feb 23, 1990	Texasbanc Savings	Conroe, TX	$248.8M	Guaranty FSB
Feb 23, 1990	Provident Sa	Casper, WY	$244.9M	Key Bank of WY - Casper
Feb 23, 1990	Nowlin Sa	Ft. Worth, TX	$200.5M	Comerica Bank-TX
Feb 23, 1990	Vanguard SB	Vandergrief, PA	$176.9M	S&T Bank
Feb 23, 1990	Frontier FS & La	Walla Walla, WA	$146.9M	Washington Mutual
Feb 23, 1990	Community Federal Savings Bank	East Moline, IL	$112.0M	Branch sale
Feb 23, 1990	First Standard Fed. Savings Assoc.	Fairmont, WV	$77.6M	Community B&T, N.A.
Feb 23, 1990	First Federal Sav. ASSOC./BLUEFIELD	Bluefield, WV	$39.3M	First FSB
Feb 23, 1990	The Bank of Ruidoso	Ruidoso, NM	$27.8M	United New Mexico Bank at a
Feb 23, 1990	Greenwood FS & La	Greenwood, MS	$26.7M	Magnolia FB for Savings
Feb 23, 1990	The Red River Bank	Red River, NM	$6.5M	Centinel Bank of Taos
Feb 22, 1990	The First State Bank of Regent	Regent, ND	$9.7M	First National Bank
Feb 21, 1990	The Ben Franklin FS & La	Portland, OR	$4.62B	Bank of America, FSB
Feb 16, 1990	Franklin FSA	Ottawa, KS	$9.26B	Branch sale
Feb 16, 1990	Great American FS & La	Oak Park, IL	$1.01B	Branch sale
Feb 16, 1990	State FS & La	Tulsa, OK	$526.3M	Branch sale
Feb 16, 1990	Western Empire FS & La	Yorba Linda, CA	$406.6M	Southern California Bank
Feb 16, 1990	Freedom Sa	Columbus, OH	$360.4M	Branch sale
Feb 16, 1990	Heritage FSB	Omaha, NE	$225.0M	Branch sale
Feb 16, 1990	Equitable S & La, F.A.	Columbus, NE	$73.2M	Conservative SB, FSB
Feb 16, 1990	Fidelity Savings Bank	Danville, IL	$16.3M	First Midwest Bank
Feb 15, 1990	Huffman Bank	Huffman, TX	$22.0M	Channelview Bank
Feb 15, 1990	Northway National Bank	Dallas, TX	$19.1M	City National Bank of Carro
Feb 15, 1990	Gateway National Bank	Phoenix, AZ	$8.6M	Citibank (Arizona)
Feb 9, 1990	Abq Bank, a FSB	Albuquerque, NM	$2.02B	Bank of America NM, N.A.
Feb 9, 1990	American Federal Savings Assoc.	Des Moines, IA	$910.7M	Branch sale
Feb 9, 1990	Vermont Sa	Timonium, MD	$334.9M	First NB of MD
Feb 9, 1990	Huntington FS & La	Huntington Beach, CA	$120.4M	American SB, F.A.
Feb 9, 1990	Liberty Savings Bank FSB	Randallstown, MD	$49.5M	Royal Oak SB, FSA
Feb 9, 1990	Fairmont Federal Savings Assoc.	Fairmont, MN	$46.0M	First Farmers & Merchant NB
Feb 8, 1990	The First National Bank of Colbert	Colbert, OK	$17.9M	The Durant Bank & Trust Com
Feb 2, 1990	Centrust Bank, SB	Miami, FL	$8.22B	Great Western Bank, FSB
Feb 2, 1990	Pioneer Savings Bank, FSB	Clearwater, FL	$1.94B	Great Western Bank, FSB
Feb 2, 1990	Clyde FS & La	North Riverside, IL	$574.7M	Mid-City NB of Chicago
Feb 2, 1990	Sentinel FS & La	Phoenix, AZ	$174.9M	Biltmore Investors Bank, N.A.
Feb 2, 1990	Henderson Home S & La	Henderson, KY	$50.4M	Farmers B&TC
Feb 2, 1990	Citizens National Bank of Walnut Ridge	Walnut Ridge, AR	$37.5M	The Lawrence County Bank
Feb 2, 1990	Commerce Bank of Tampa	Tampa, FL	$21.6M	Southern Exchange Bank
Feb 1, 1990	Tyler National Bank	Tyler, TX	$24.7M	NCNB Texas National Bank
Jan 31, 1990	Merabank FSB	Phoenix, AZ	$6.32B	Branch sale
Jan 26, 1990	Monroe Savings Bank, FSB	Rochester, NY	$520.6M	Manufacturers & Traders Tru
Jan 26, 1990	Banctexas Dallas, N.A.	Dallas, TX	$340.9M	Hibernia National Bank in T
Jan 26, 1990	Williamsburg FS & La	Salt Lake City, UT	$310.5M	Branch sale
Jan 26, 1990	Colonial S & La	Cape Girardeau, MO	$170.9M	Branch sale
Jan 26, 1990	First Savings Assoc.	Bismark, ND	$113.4M	Metropolitan FB, FSB
Jan 26, 1990	Creditbank	Cutler Ridge, FL	$76.4M	Capital Bank
Jan 26, 1990	Palo Duro FS & La	Amarillo, TX	$65.0M	Citizens State Bank of Dalh

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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