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
Nov 2, 1990	Lone Star National Bank	Dallas, TX	$34.2M	Comerica Bank - Texas
Nov 1, 1990	Trinity National Bank	Benbrook, TX	$21.5M	—
Oct 26, 1990	City Savings & Loan	San Antonio, TX	$183.0M	Deposit payout
Oct 26, 1990	Rancho Bernardo Fed. Sav. Bank	San Diego, CA	$118.6M	Branch sale
Oct 26, 1990	The Farmers and Merchants Bank of Sheyenne	Sheyenne, ND	$2.9M	The Ramsey National Bank an
Oct 25, 1990	First National Bank of Jackson	Jackson, TN	$73.7M	First Tennessee Bank, Natio
Oct 23, 1990	Superior FSA	Cleveland, OH	$95.9M	Home FSB, Northern Oh
Oct 19, 1990	Heritage Savings Bank, FSB	Richmond, VA	$888.8M	CRFC Interim SB (Crestar Ba
Oct 19, 1990	First American Bank for Savings	Boston, MA	$526.2M	The Boston Five Cents Savin
Oct 19, 1990	Gold Coast Savings Bank	Plantation, FL	$151.7M	Branch sale
Oct 19, 1990	The Brooklyn Savings Bank	Danielson, CT	$130.9M	Willimantic Savings Institu
Oct 19, 1990	Metropolitan National Bank	McAllen, TX	$19.9M	Raymondville State Bank
Oct 12, 1990	International FS & La	N. Miami Beach, FL	$84.2M	Deposit payout
Oct 11, 1990	United Peoples Bank	Lampasas, TX	$32.7M	The First National Bank of
Oct 5, 1990	The Peoples Bank & Trust Company	Natchitoches, LA	$117.0M	Heritage Bank of Natchitoch
Oct 5, 1990	Mountain Ridge State Bank	West Orange, NJ	$51.4M	Mountain Ridge Bank
Oct 4, 1990	Woodway Bank and Trust, N.A.	Houston, TX	$35.4M	National Commerce Bank
Sep 27, 1990	Fort Worth State Bank	Fort Worth, TX	$20.7M	Fidelity Bank
Sep 27, 1990	Great Western National Bank	Lewisville, TX	$13.4M	First Western National Bank
Sep 21, 1990	Sentry Federal Savings Bank	Hyannis, MA	$735.5M	New Bedford Institution for
Sep 21, 1990	Yorkville Federal Savings	New York, NY	$344.7M	Northern SB
Sep 21, 1990	Hidalgo Savings & Loan	Edinburg, TX	$154.8M	Branch sale
Sep 21, 1990	Mercer Savings Bank	Trenton, NJ	$92.7M	Pulawski SB, Sla
Sep 21, 1990	Texas Commercial Sa	Sulphur Springs, TX	$27.7M	First American Bank
Sep 20, 1990	First Comanche Bank	Comanche, TX	$33.1M	—
Sep 20, 1990	City National Bank of Irving	Irving, TX	$32.1M	Comerica Bank-Texas
Sep 20, 1990	First State Bank of Rising Star	Rising Star, TX	$14.0M	The Peoples State Bank
Sep 14, 1990	First SB of Hempstead	Hempstead, TX	$35.4M	Deposit payout
Sep 14, 1990	Ingram State Bank	Ingram, TX	$23.5M	—
Sep 14, 1990	Citizens National Bank	Kerrville, TX	$12.8M	—
Sep 13, 1990	Western National Bank	Fort Worth, TX	$34.0M	Central Bank and Trust
Sep 13, 1990	First National Bank of Kennedale	Kennedale, TX	$27.5M	Central Bank and Trust
Sep 13, 1990	Citizens Bank	Clarksville, TX	$15.9M	State Bank of Dekalb
Sep 13, 1990	First National Bank of Crosby	Crosby, ND	$12.4M	First National Bank & Trust
Sep 7, 1990	El Paso Federal Savings	El Paso, TX	$433.1M	Deposit payout
Sep 7, 1990	First City FSB	Lucedale, MS	$41.7M	Magnolia FB for Savings
Sep 6, 1990	Northside Bank	San Antonio, TX	$54.7M	Bank One, Texas, National a
Aug 31, 1990	Ensign Bank, FSB	New York, NY	$1.78B	Branch sale
Aug 31, 1990	First American Savings Bank, FSB	Santa Fe, NM	$123.6M	Deposit payout
Aug 31, 1990	Atlanta FSA	Atlanta, TX	$89.4M	Kilgore FS&LA
Aug 31, 1990	First FSA	Winnfield, LA	$54.7M	Deposit payout
Aug 30, 1990	Bay City Bank & Trust Co.	Bay City, TX	$79.6M	First State Bank and Trust
Aug 30, 1990	The First National Bank of Levelland	Levelland, TX	$62.2M	Citizens Bank
Aug 30, 1990	Citizens National Bank	El Campo, TX	$51.3M	First Bank
Aug 30, 1990	Chisholm National Bank	Plano, TX	$20.9M	Comerica Bank-Texas
Aug 30, 1990	American Bank of Commerce, N.A.	Del Rio, TX	$17.4M	Del Rio National Bank
Aug 30, 1990	Security National Bank	Austin, TX	$15.1M	Liberty National Bank
Aug 30, 1990	First Bank of Plano	Plano, TX	$9.2M	Compass Bank-Plano
Aug 24, 1990	First FS & La	Temple, TX	$315.4M	Kilgore FS&LA
Aug 24, 1990	Ambassador FS & La	Tamarac, FL	$184.1M	Bank of North America

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
Aug 13, 1990	Texas Commerce Bank - Conroe, National Association	TX	Chase Bank of Texas, National Association
Aug 13, 1990	Texas Commerce Bank - Sugarland, National Association	TX	Chase Bank of Texas, National Association
Aug 12, 1990	Tri City Service Corporation	WI	Tri City Bankshares Corporation
Aug 11, 1990	Tri City National Bank of Brookfield	WI	Tri City National Bank
Aug 11, 1990	Tri City National Bank of Menomonee Falls	WI	Tri City National Bank
Aug 11, 1990	Tri City National Bank of Hales Corners	WI	Tri City National Bank
Aug 11, 1990	Tri City National Bank of West Allis	WI	Tri City National Bank
Aug 11, 1990	Tri City National Bank of Brown Deer	WI	Tri City National Bank
Aug 11, 1990	USTrust	MA	USTrust
Aug 10, 1990	Rockfish Credit Union	NC	Members Credit Union
Aug 10, 1990	Victoria Bank & Trust Company - Central	TX	Norwest Bank Texas, South Central
Aug 10, 1990	Victoria Bank & Trust Company - West	TX	Norwest Bank Texas, South Central
Aug 7, 1990	Pattern & Foundry Federal Credit Union	NY	Sunmark Credit Union
Aug 6, 1990	Chemical Bank Texas, National Association	TX	Texas Commerce Bank, National Association
Aug 1, 1990	Auto Accessories Credit Union, Inc.	OH	Lormet Community Federal Credit Union
Aug 1, 1990	Dairy Equipment Credit Union	WI	Members First Credit Union
Aug 1, 1990	First American Kentucky Bancorp, Inc.	KY	Community Trust Bancorp, Inc.
Aug 1, 1990	Hallam Bancorp, Inc.	NE	First State Holding Co.
Aug 1, 1990	Public Health Credit Union	OK	The Focus Federal Credit Union
Aug 1, 1990	Entex Empl Cu	LA	United Energy Credit Union
Aug 1, 1990	Southern Nevada State Savings and Credit Union	NV	WestStar Credit Union
Aug 1, 1990	Trust Company of Troup County	GA	SunTrust Bank, West Georgia, National Association
Aug 1, 1990	Marion County Savings and Loan Association	KY	Great Financial Bank, FSB
Aug 1, 1990	Employees Credit Association Credit Union	CA	Genisys Credit Union dba Genisys Investment Services
Aug 1, 1990	Knox County Schools Employees Credit Union	IL	Heritage Credit Union
Aug 1, 1990	Perth Amboy Postal Employees Credit Union	NJ	Raritan Bay Federal Credit Union
Aug 1, 1990	Dayton Newspapers-Whio Federal Credit Union	OH	Triangle Credit Union, Inc.
Aug 1, 1990	Pacific First Bank, a Federal Savings Bank Washington	WA	Pacific First Bank, a Federal Savings Bank
Aug 1, 1990	Jasper County Savings and Loan Association	IL	First Community Bank, National Association
Aug 1, 1990	Hopkins Savings and Loan Association	WI	Federated Bank, S.S.B.
Aug 1, 1990	The Farmers and Citizens State Bank	WV	Bank One, West Virginia, Charleston, National Association
Aug 1, 1990	Valley Bank	WA	Bellingham Bank
Aug 1, 1990	The Guaranty Bond State Bank of Waller	TX	First Bank Katy, National Association
Aug 1, 1990	The Peoples Bank	OH	Peoples Bank
Aug 1, 1990	Trust Company Bank of Douglas County	GA	Suntrust Bank
Aug 1, 1990	Second Pilgrim Federal Credit Union	PA	Viriva Community Credit Union
Aug 1, 1990	Z R D C Credit Union	IL	Access Credit Union
Aug 1, 1990	First of America Bank - West Branch	MI	First of America Bank - Mid Michigan, National Association
Aug 1, 1990	Hallam Bank	NE	Saline State Bank
Aug 1, 1990	M&I Northern National Bank	WI	M&I Merchants Bank
Aug 1, 1990	M&I Bank of Westfield	WI	M&I Peoples Bank
Aug 1, 1990	M&I Bank of Adams-Friendship	WI	M&I Peoples Bank
Aug 1, 1990	O.L. of a Federal Credit Union	PA	Viriva Community Credit Union
Jul 31, 1990	Iola Bancshares, Inc.	KS	Team Financial, Inc.
Jul 31, 1990	Valley Ag Credit Corp	CA	PV Financial
Jul 31, 1990	Greater Pennsylvania Savings Association	PA	American Savings Bank
Jul 31, 1990	Cal Berkeley Federal Credit Union	CA	Cooperative Center Federal Credit Union
Jul 31, 1990	Seasha Fcu	AL	Tuskegee Federal Credit Union
Jul 30, 1990	Farmers Savings Bank	IA	Bank Iowa
Jul 28, 1990	Maximum Savings Bank Federal Savings Bank	MD	Columbia First Bank, a Federal Savings Bank

The list holds 500 of the 973 mergers recorded for 1990.

Enforcement Actions in 1990

Action date	Agency	Institution	Action
Mar 26, 1990	OCC	Heritage National Bank	Civil Money Penalty (CMP): Herrick, Brian
Mar 26, 1990	OCC	The First National Bank in St. Charles	Civil Money Penalty (CMP): Herrick, Brian
Mar 26, 1990	OCC	The Cosmopolitan National Bank of Chicago	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Cosmopolitan National Bank Of Chicago
Mar 26, 1990	OCC	First National Bank in Bogata	Civil Money Penalty (CMP): Rozell, Neil
Mar 26, 1990	OCC	First National Bank in Bogata	Civil Money Penalty (CMP): Howison, John M
Mar 26, 1990	OCC	Heritage National Bank	Civil Money Penalty (CMP): Herrick, Jane
Mar 26, 1990	OCC	First National Bank of Stewartville	Civil Money Penalty (CMP): Herrick, Brian
Mar 23, 1990	OCC	Enterprise National Bank	Civil Money Penalty (CMP): Duncan, Carl M.
Mar 22, 1990	OCC	Bank Meridian, N.A.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bank Meridian, National Association
Mar 19, 1990	OCC_OTS	(individual)	Orders of Removal/Prohibition: John Michael Capozzoli
Mar 19, 1990	OCC_OTS	(individual)	Orders of Removal/Prohibition: Robert Louis Hill Jr.
Mar 16, 1990	OCC_OTS	American Savings and Loan Association	Supervisory Agreement: American Savings and Loan Association
Mar 15, 1990	OCC	The National Republic Bank of Chicago	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The National Republic Bank of Chicago
Mar 14, 1990	OCC_OTS	Concordia Federal Bank for Savings	Orders of Removal/Prohibition: Gary Kummer
Mar 14, 1990	OCC	Zapata National Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Zapata National Bank
Mar 14, 1990	OCC_OTS	(individual)	Cease and Desist: The Savings Bank of Beaufort County
Mar 13, 1990	OCC	Enterprise National Bank	Civil Money Penalty (CMP): Levy, Stephan R.
Mar 13, 1990	OCC	Enterprise National Bank	Civil Money Penalty (CMP): Linkow, Edward W.
Mar 8, 1990	OCC	The First National Bank of Cushing	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank Of Cushing
Mar 7, 1990	OCC_OTS	(individual)	Decision/Opinion and Order: Wendell W. Colon
Mar 7, 1990	OCC_OTS	(individual)	Decision/Opinion and Order: Ramiro L. Colon, Jr.
Mar 2, 1990	OCC	East County Bank, National Association	Civil Money Penalty (CMP): Moore, Roger
Mar 1, 1990	OCC	Central National Bank of Mattoon	Notice of Charges: McFarland, Frank
Mar 1, 1990	OCC	Central National Bank of Mattoon	Civil Money Penalty (CMP): Steward, Kathleen
Mar 1, 1990	OCC	Central National Bank of Mattoon	Civil Money Penalty (CMP): Singer, James W.
Mar 1, 1990	OCC	Central National Bank of Mattoon	Civil Money Penalty (CMP): Niemeyer, Harry W.
Mar 1, 1990	OCC	Central National Bank of Mattoon	Civil Money Penalty (CMP): Neal, Burnham E.
Mar 1, 1990	OCC	Central National Bank of Mattoon	Civil Money Penalty (CMP): Moritz, G.M.
Mar 1, 1990	OCC	Central National Bank of Mattoon	Civil Money Penalty (CMP): McFarland, Frank
Mar 1, 1990	OCC	Central National Bank of Mattoon	Civil Money Penalty (CMP): Kepp, Warren B.
Mar 1, 1990	OCC	Central National Bank of Mattoon	Civil Money Penalty (CMP): Horsley, Jack E.
Mar 1, 1990	OCC	Central National Bank of Mattoon	Civil Money Penalty (CMP): Crews, Cecil K.
Mar 1, 1990	OCC	Central National Bank of Mattoon	Civil Money Penalty (CMP): Willaredt, Arthur L.
Feb 28, 1990	OCC	Corinth Deposit National Bank	Capital Directive: Corinth Deposit National Bank
Feb 28, 1990	OCC	East County Bank, National Association	Civil Money Penalty (CMP): Zick, Neil
Feb 28, 1990	OCC	United Mercantile Bank and Trust Company, N.A.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): United Mercantile Bank And Trust Company
Feb 28, 1990	OCC_OTS	Tennessee Federal Savings Bank	Civil Money Penalty: The Tennessee Savings Bank
Feb 27, 1990	OCC_OTS	(individual)	Cease and Desist: DCA Grantor Trust
Feb 27, 1990	OCC_OTS	(individual)	Cease and Desist: Allan H. Applestein
Feb 27, 1990	OCC_OTS	(individual)	Cease and Desist: Sheila M. Applestein
Feb 27, 1990	OCC_OTS	Delta Federal Savings Bank	Orders of Removal/Prohibition: Xuan Nhan Nguyen
Feb 26, 1990	OCC	Vail National Bank	Civil Money Penalty (CMP): High, William A.
Feb 26, 1990	FRB	Bank of New England Corporation	Cease and Desist Order: Bank of New England Corporation, Boston, MA
Feb 26, 1990	OCC	First National Bank of Detroit Lakes	Civil Money Penalty (CMP): Porkkonen, Arnold
Feb 26, 1990	OCC	First National Bank of Detroit Lakes	Civil Money Penalty (CMP): Marr, Raymond
Feb 26, 1990	OCC	First National Bank of Detroit Lakes	Civil Money Penalty (CMP): Johnson, Dixie
Feb 26, 1990	OCC	First National Bank of Detroit Lakes	Civil Money Penalty (CMP): Daggett, David
Feb 26, 1990	OCC	First National Bank of Detroit Lakes	Civil Money Penalty (CMP): Briggs, Curtis
Feb 26, 1990	OCC	First National Bank of Detroit Lakes	Civil Money Penalty (CMP): Beaton, James
Feb 26, 1990	OCC	First National Bank of Detroit Lakes	Civil Money Penalty (CMP): Aschbrenner, Donald

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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