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
Jan 26, 1990	Fidelity Bank, N.A.	San Antonio, TX	$36.6M	Texas Commerce Bank - San a
Jan 26, 1990	Grand Prairie FS & La	Stuttgart, AR	$31.5M	Deposit payout
Jan 26, 1990	Uvalde FS & La	Uvalde, TX	$13.3M	Deposit payout
Jan 25, 1990	Farmers State Bank of Shiro, Texas	Shiro, TX	$4.6M	The First National Bank of
Jan 24, 1990	Empire of America FSB	Buffalo, NY	$8.17B	Branch sale
Jan 18, 1990	Duval Federal Savings Assn.	Jacksonville, FL	$1.02B	Branch sale
Jan 18, 1990	Gem City FS & La	Quincy, IL	$290.4M	Branch sale
Jan 18, 1990	Colonial Federal Savings Assoc.	Prairie Village, KS	$136.4M	First Colonial Bank N.A.
Jan 18, 1990	Marshall FS & La	Marshall, TX	$62.0M	Kilgore FS&LA
Jan 18, 1990	First Fed. Savings Assoc. of York	York, NE	$59.7M	First Trust Company of York
Jan 18, 1990	Karnes County FS & La	Karnes City, TX	$53.1M	Victoria B&TC
Jan 18, 1990	Frontier Federal Savings Bank	Belleville, IL	$45.3M	Union Bank of E. St. Louis
Jan 18, 1990	Brookhaven FS & La	Brookhaven, MS	$42.7M	Magnolia FB for Savings
Jan 18, 1990	Standard FSA	Houston, TX	$13.5M	Deposit payout
Jan 11, 1990	Atlantic Financial Savings	Bala Cynwyd, PA	$5.30B	Branch sale
Jan 11, 1990	Horizon Savings Bank, FSB	Wilmette, IL	$1.22B	Branch sale
Jan 11, 1990	Investment FS & La	Chatsworth, CA	$247.8M	Fidelity FB, FSB
Jan 11, 1990	Family Federal Savings	Dallas, OR	$164.2M	Washington FS&LA
Jan 11, 1990	St. Charles FSA	St. Charles, IL	$146.5M	Old Kent Bank, N.A.
Jan 11, 1990	Certified FSA	Georgetown, TX	$118.9M	Deposit payout
Jan 11, 1990	Deposit Trust Federal Savings	Monroe, LA	$98.0M	First Republic Bank
Jan 11, 1990	St. Louis County Savings Assoc.	Ferguson, MO	$85.8M	South Side NB in St. Louis
Jan 11, 1990	Wilshire FS & La	Los Angeles, CA	$78.1M	Deposit payout
Jan 11, 1990	American FSB	Sanford, ME	$51.8M	Branch sale
Jan 11, 1990	Financial FS & La	Fresno, CA	$31.2M	Deposit payout
Jan 11, 1990	Plaza Del Oro National Bank	Houston, TX	$15.7M	National Commerce Bank
Jan 4, 1990	Midwest Federal Savings Bank	Minot, ND	$955.0M	Branch sale
Jan 4, 1990	First Guaranty Bank for Savings	Hattiesburg, MS	$241.0M	Branch sale
Jan 4, 1990	First Central Federal Savings Bank	Chariton, IA	$112.8M	Branch sale
Jan 4, 1990	The First National Bank of San Marcos	San Marcos, TX	$77.6M	Victoria Bank & Trust Compa
Jan 4, 1990	Bannerbanc FS & La	Garland, TX	$46.0M	Colonial S&LA

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
Nov 30, 1990	Lafayette County Bancshares, Inc.	MO	Lafayette Bancshares, Inc.
Nov 30, 1990	Big Six Towers Federal Credit Union	NY	Qside Federal Credit Union
Nov 29, 1990	Imc Magnetics Employees Federal Credit Union	NY	Fourleaf Federal Credit Union
Nov 27, 1990	Austenal Dover Federal Credit Union	NJ	Members Connect Federal Credit Union
Nov 24, 1990	BayBank Southeast, National Association	MA	BayBank South
Nov 17, 1990	F&M Bank	WI	Associated Bank North
Nov 17, 1990	Cole Taylor Operations Network Inc.	IL	Cole Taylor Bank
Nov 17, 1990	Heritage Bank of Mukwonago	WI	Johnson Bank
Nov 17, 1990	Lawrence National Employees Credit Union	MA	Metro Credit Union
Nov 16, 1990	Citizens Fidelity Bank and Trust Company Winchester	KY	Citizens Fidelity Bank and Trust Company Lexington
Nov 16, 1990	Lowcountry Bancshares, Inc.	SC	L S B Bancshares Inc of South Carolina
Nov 16, 1990	Santa Clarita National Bank	CA	(unnamed)
Nov 15, 1990	United Southern Corporation	MS	Union Planters Corporation
Nov 15, 1990	First Financial of Russellville, Inc.	KY	Trans Financial, Inc.
Nov 15, 1990	Aplington Insurance, Inc.	IA	GL & ML, Limited
Nov 13, 1990	Quality Federal Credit Union	CT	Mutual Security Credit Union, Inc.
Nov 13, 1990	Jordan Business Forms Federal Credit Union	NC	Truliant Federal Credit Union
Nov 10, 1990	Utah Deseret Mortgage Corporation	UT	Wells Fargo Trust Company, N.A.
Nov 10, 1990	Mountain View Investment Company	UT	Wells Fargo Trust Company, N.A.
Nov 10, 1990	Deseret Bancorporation	UT	First Security Corporation
Nov 10, 1990	Deseret Bank	UT	Wells Fargo Trust Company, N.A.
Nov 10, 1990	The Bank of Baltimore	MD	The Bank of Baltimore
Nov 10, 1990	G. L. Corporation	UT	Wells Fargo Trust Company, N.A.
Nov 9, 1990	Shawmut Worcester County Bank, National Association	MA	Fleet National Bank of Massachusetts
Nov 7, 1990	Pajaro Valley Bancorporation	CA	Pacific Capital Bancorp
Nov 5, 1990	(unnamed)	—	First Midwest Bank
Nov 3, 1990	The Seymour Trust Company	CT	Fleet National Bank
Nov 3, 1990	Friendship Federal Credit Union	NC	Members Credit Union
Nov 3, 1990	(unnamed)	—	New Hampshire Savings Bank
Nov 3, 1990	The Planters Corporation	NC	RBC Bancorporation (USA)
Nov 3, 1990	Peoples Bancorporation	NC	RBC Bancorporation (USA)
Nov 3, 1990	The Planters National Bank and Trust Company	NC	RBC Bank (USA)
Nov 3, 1990	Peoples Bank & Trust Company	NC	RBC Bank (USA)
Nov 3, 1990	Chester Bank	CT	Fleet National Bank
Nov 3, 1990	Home Savings and Loan Association	OH	First National Bank Northwest Ohio
Nov 3, 1990	F & M Bank	WI	Associated Bank North
Nov 3, 1990	Peoples Bank of the Triad	NC	RBC Bank (USA)
Nov 2, 1990	First Interstate Leasing, Inc.	ND	First Interstate of North Dakota, Inc.
Nov 1, 1990	(unnamed)	—	M&I Bank of Dodgeville
Nov 1, 1990	Affiliated Bank/Chicago	IL	Lasalle Bank Illinois
Nov 1, 1990	SBT Bancorp, Inc.	IL	Old National Bancorp
Nov 1, 1990	Pine Ridge Management Co.	NE	C.S.B. Co.
Nov 1, 1990	NBD Kalamazoo Bank	MI	Bank One, Michigan
Nov 1, 1990	NBD Cadillac Bank	MI	Bank One, Michigan
Nov 1, 1990	NBD Petoskey, National Association	MI	Bank One, Michigan
Nov 1, 1990	River Valley Credit Union	IL	Illiana Financial Credit Union
Nov 1, 1990	NBD Grand Haven	MI	Bank One, Michigan
Nov 1, 1990	Old Kent Bank-St. Charles, National Association	IL	Old Kent Bank, National Association
Nov 1, 1990	Affiliated Bank/Morton Grove	IL	Lasalle Bank Illinois
Nov 1, 1990	NBD Grand Rapids, National Association	MI	Bank One, Michigan

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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