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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
Dec 28, 1990 Capitol Bank and Trust Company Boston, MA $485.6M —
Dec 28, 1990 Southern FS New Orleans, LA $230.8M Branch sale
Dec 28, 1990 First FS & La of Andalusia Andalusia, AL $38.7M Colonial Bank
Dec 27, 1990 Enterprise Savings Bank, F.A. Chicago, IL $432.6M United FB
Dec 21, 1990 Arkansas FSB Little Rock, AR $71.7M Branch sale
Dec 15, 1990 Mid-America FS & La Columbus, OH $1.21B NBD Bank
Dec 14, 1990 Community FS & La St. Louis, MO $1.98B Boatmen's Bancshares, Inc.
Dec 14, 1990 Comfed Savings Bank Lowell, MA $1.40B Branch sale
Dec 14, 1990 Olympic Federal Savings Berwyn, IL $1.05B Branch sale
Dec 14, 1990 Home Federal Bank for Savings Waukegan, IL $348.1M First of Amer. BK-N.E. Il
Dec 14, 1990 Frontier Savings Association Las Vegas, NV $252.4M Bank of America, NV
Dec 14, 1990 Empire Savings Bank Hammonton, NJ $219.3M United Jersey BANK/SO., N.A.
Dec 14, 1990 First Commercial Bank of Florida Boca Raton, FL $171.6M Bank of North America
Dec 14, 1990 Far Western Bank Tustin, CA $154.3M —
Dec 14, 1990 Old Borough Savings & Loan Trenton, NJ $133.5M New Jersey NB
Dec 14, 1990 Peoples State Bank Dallas, TX $30.3M Comerica Bank - Texas
Dec 14, 1990 The State Bank of Omaha Omaha, TX $20.5M The First National Bank of
Dec 13, 1990 Washington County State Bank Brenham, TX $77.7M Channelview Bank
Dec 13, 1990 Bank of Commerce Alexandria, LA $19.6M The Evangeline Bank and Tru
Dec 13, 1990 First State Bank Lexington, OK $7.5M The McClain County National
Dec 12, 1990 New England Allbank for Savings Gardner, MA $173.3M Worcester County Institutio
Dec 7, 1990 Central Federal Savings Mineola, NY $890.8M Chemical Bank
Dec 7, 1990 First Federal Savings Raleigh, NC $520.4M Branch sale
Dec 7, 1990 Andrews Savings & Loan Assoc. Andrews, TX $126.1M Branch sale
Dec 7, 1990 Texarkana FS & La Texarcana, AR $40.4M Citizens NB
Dec 7, 1990 Heights Bank Harker Heights, TX $28.8M Heights State Bank
Dec 7, 1990 First National Bank of Rowlett Rowlett, TX $20.5M U.S. Trust Company of Texas
Dec 6, 1990 Douglas County National Bank Parker, CO $5.4M City Center National Bank
Nov 30, 1990 San Jacinto Savings Houston, TX $2.87B United Sa of TX, FSB
Nov 30, 1990 Edison FSA New York, NY $140.1M Flushing SB
Nov 30, 1990 First Sa Paragould, AR $64.1M Peoples Bank
Nov 30, 1990 First FSA of Nacogdoches Nacogdoches, TX $61.9M Citizens Bank
Nov 30, 1990 First Southwest FS & La Tyler, TX $51.2M Citizens Bank
Nov 30, 1990 Atascosa Sa Jourdanton, TX $34.7M Deposit payout
Nov 30, 1990 Tuskegee S & La Tuskegee, AL $31.8M First Tuskegee Bank
Nov 30, 1990 Boundary Waters State Bank Ely, MN $13.4M Stearns County National Ban
Nov 29, 1990 Bank of Arlington Arlington, TX $63.6M Bank One, Texas, National a
Nov 29, 1990 Farmers State Bank of Madisonvillle Madisonville, TX $34.8M First Bank
Nov 16, 1990 Southeastern Savings Bank Charlotte, NC $422.3M Branch sale
Nov 16, 1990 First Federal Savings Assoc. Las Vegas, NM $55.4M Bank of NM, & Las Vegas
Nov 16, 1990 Liberty Federal Savings Bank Montebello, CA $53.8M Commerce NB
Nov 15, 1990 Action Federal Savings Sommers Point, NJ $262.0M First FSB of DE
Nov 15, 1990 Western Bank Duncanville, TX $39.8M Western Bank & Trust
Nov 9, 1990 Florida Federal Savings Bank St. Petersburg, FL $4.12B First Union Corp.
Nov 9, 1990 Freedom National Bank of New York New York, NY $110.4M —
Nov 9, 1990 Louisiana Federal Savings Bank Kenner, LA $58.8M Deposit payout
Nov 9, 1990 Executive Banc Sa New Braunfels, TX $16.2M Victoria B&TC
Nov 2, 1990 Riverside Savings Bank Riverside, NJ $177.8M Branch sale
Nov 2, 1990 Boonslick S & La Boonville, MO $70.2M Branch sale
Nov 2, 1990 Desoto FS & La Mansfield, LA $63.9M Deposit payout

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 1, 1990 Babw Federal Credit Union PA Apex Community Federal Credit Union
Jul 1, 1990 First Interstate Bank of Great Falls MT First Interstate Bank of Montana, National Association
Jul 1, 1990 First Interstate Bank of Glacier County MT First Interstate Bank of Montana, National Association
Jul 1, 1990 Society Bank, Angola, National Association IN Society National Bank, Indiana
Jul 1, 1990 Riverside Community Credit Union WI Fox Communities Credit Union
Jul 1, 1990 Galaxy Federal Credit Union PA Little Giant Federal Credit Union
Jul 1, 1990 Warren Bank MI Macomb Warren Bank
Jul 1, 1990 Mhi-Npes Fcu FL Tropical Financial Credit Union
Jul 1, 1990 Knights of Columbus of Western Michigan Federal Credit Union MI Credit Union One
Jul 1, 1990 Union Federal Savings Bank IN Union Federal Bank of Indianapolis
Jul 1, 1990 Greater Charlotte Federal Credit Union NC Alero Financial Credit Union
Jul 1, 1990 MSHD-VI Fcu MS Mississippi Department of Transportation Federal Credit Union
Jul 1, 1990 Lancaster County Employees Credit Union PA Lancaster Red Rose Credit Union
Jul 1, 1990 JWC Empl Fcu FL Gte Federal Credit Union dba Gte Financial
Jul 1, 1990 Society Bank, Knox IN Society National Bank, Indiana
Jul 1, 1990 California Conference Credit Union CA Interfaith Federal Credit Union
Jul 1, 1990 Georgetown National Bank TX Hartland Bank, National Association
Jul 1, 1990 CYS Federal Credit Union MD Nymeo Federal Credit Union
Jul 1, 1990 First of America Bank - Alpena MI First of America Bank - Northern Michigan
Jul 1, 1990 I.A.M. Lodge 758 Federal Credit Union CA Logix Federal Credit Union
Jul 1, 1990 Moore Fremont Federal Credit Union OH Fremont Federal Credit Union
Jul 1, 1990 Ibew 143 Credit Union PA Belco Community Credit Union
Jul 1, 1990 Muskegon Printing Industrial Employees Credit Union MI Family Financial Credit Union
Jul 1, 1990 Society Bank, Goshen IN Society National Bank, Indiana
Jul 1, 1990 Trustcorp of Florida N.A. FL Key Trust Company of Florida, N.A.
Jul 1, 1990 Contented Federal Credit Union WA Canopy Federal Credit Union
Jul 1, 1990 Century Bank AZ Residual Bank
Jul 1, 1990 Valley Financial Services, Inc. IL Illinois Banc One Corporation
Jul 1, 1990 Bank South Waycross, Inc. GA Bank South Corporation
Jul 1, 1990 Universal Bancorp WV Hometown Bancshares, Inc.
Jul 1, 1990 Bank South Macon, Inc. GA Bank South Corporation
Jul 1, 1990 Four Freedoms Federal Credit Union PA Pannonia Federal Credit Union
Jul 1, 1990 Nreca-Rochdale Federal Credit Union DC Agriculture Federal Credit Union
Jul 1, 1990 Border Credit Union AZ American Southwest Credit Union
Jul 1, 1990 E L C M Federal Credit Union OH Tri-State Federal Credit Union
Jul 1, 1990 Whiting Federal Credit Union OH Cinco Family Financial Center Credit Union
Jun 30, 1990 Williams Bros SVG & Ca Cu GA Georgia United Credit Union
Jun 30, 1990 Great American Bank, Federal Savings Bank AZ Great American Federal Savings Association
Jun 30, 1990 Bank IV Lenexa, National Association KS Bank IV Kansas City, National Association
Jun 30, 1990 Plaza National Bank TX Community Bank & Trust, S.S.B.
Jun 30, 1990 Octelco Credit Union, Inc. OH Desco Federal Credit Union
Jun 30, 1990 Pontiac Columbus Federal Credit Union MI Metro North Federal Credit Union
Jun 30, 1990 Hotel Inter-Continental Maui Federal Credit Union HI Valley Isle Community Federal Credit Union
Jun 30, 1990 Bank IV Corporate Woods, National Association KS Bank IV Kansas City, National Association
Jun 30, 1990 Vidor State Bank TX Community Bank & Trust, S.S.B.
Jun 30, 1990 First National Bank of Woodville TX Community Bank & Trust, S.S.B.
Jun 30, 1990 Warner Center Bank CA City National Bank
Jun 30, 1990 Equitable Bank, National Association MD Maryland National Bank
Jun 30, 1990 Eggers Industries Neenah Credit Union WI Lakeview Credit Union
Jun 30, 1990 Mayco L a Federal Credit Union CA First City 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

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