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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
May 25, 1990 First Federal Savings & Loan New Braunfels, TX $232.3M Victoria B&TC
May 25, 1990 Remington Federal Savings Assoc. Elgin, TX $127.0M Deposit payout
May 25, 1990 Bank USA, Federal Association Silvis, IL $22.9M Metrobank
May 24, 1990 Memorial Bank, N.A. Houston, TX $75.9M Compass Bank Houston
May 24, 1990 Gentry County Bank Albany, MO $42.3M Citizens National Bank
May 24, 1990 Farmers State Bank of Brookshire Brookshire, TX $19.4M First Bank
May 24, 1990 Midway National Bank Dallas, TX $16.4M Comerica Bank-Texas
May 18, 1990 Southwest Savings Association Dallas, TX $5.33B Branch sale
May 18, 1990 Merchantsbank of Boston, a Co-Op Boston, MA $392.2M The First National Bank of
May 18, 1990 First Federal Savings of Conroe Conroe, TX $174.3M Banc One TX, N.A.
May 18, 1990 First FSA Borger, TX $63.2M Amarillo NB
May 18, 1990 Jonesboro Federal Sa Jonesboro, LA $55.0M Deposit payout
May 18, 1990 Jennings FSA Jennings, LA $54.1M American Bank
May 17, 1990 First-Taylor National Bank Taylor, TX $74.0M Citizens State Bank
May 17, 1990 The First National Bank of Georgetown Georgetown, TX $71.6M NCNB Texas National Bank
May 15, 1990 United Savings FSB Paterson, NJ $245.8M Deposit payout
May 11, 1990 United Savings Bank, FSB Windom, MN $161.5M Branch sale
May 11, 1990 The Federal Savings Banc F.A. Arlington, TX $137.3M Deposit payout
May 11, 1990 Great West Federal Savings Bank Craig, CO $28.1M First NB of Meeker
May 11, 1990 First FSA of Breaux Bridge Breaux Bridge, LA $20.4M Teche FSB
May 10, 1990 Commonwealth National Bank Dallas, TX $44.5M Comerica Bank-Texas
May 10, 1990 First National Bank of Grand Saline Grand Saline, TX $28.6M Texas National Bank
May 10, 1990 First National Bank of Desoto Desoto, TX $24.1M Hibernia National Bank in T
May 10, 1990 Dominion National Bank of Denver Denver, CO $15.3M Omnibank Southeast
May 9, 1990 Chancery National Bank Denver, CO $15.2M The Women's Bank, N.A.
May 8, 1990 Mississippi Savings Bank, FSB Batesville, MS $172.3M Deposit payout
May 4, 1990 Capitol Federal Savings & Loan Aurora, CO $980.6M Central Bank Dever, N.A.
May 4, 1990 Mutual Aide S & La Manasquan, NJ $103.3M Provident SB
May 4, 1990 Peninsula S & La South San Francisco, CA $51.8M Westcal NB
May 4, 1990 Tucker State Bank Jacksonville, FL $41.8M Barnett Bank of Jacksonvill
May 4, 1990 Security Federal Savings Bank Carlsbad, NM $26.9M Western Commerce Bank
May 4, 1990 First Fed. Savings Bank & Trust Independence, MO $25.4M Bank 10
May 3, 1990 Richardson National Bank Richardson, TX $50.5M Comerica Bank - Texas
May 3, 1990 First National Bank, Northeast Austin, TX $18.0M Hibernia National Bank in T
Apr 27, 1990 Santa Barbara S & L Assoc. Santa Barbara, CA $4.29B Bank of America Ntsa
Apr 27, 1990 Home Owners Savings Bank Burlington, MA $3.49B Branch sale
Apr 26, 1990 Trinity National Bank of Dallas Dallas, TX $37.1M Bank One, Texas, National a
Apr 26, 1990 Signature Bank, N.A. Dallas, TX $26.8M Compass Bank-Plano
Apr 26, 1990 Guardian Bank Scottsdale, AZ $25.9M Citibank (Arizona)
Apr 26, 1990 Central Arizona Bank Chandler, AZ $6.6M Security Pacific Bank Arizo
Apr 20, 1990 First Network Savings Bank Los Angeles, CA $303.8M Deposit payout
Apr 20, 1990 First Savings & Loan Massilon, OH $168.2M Branch sale
Apr 20, 1990 Enterprise Fed. FSA Clearwater, FL $62.6M Comerica Bank-FL, FSB
Apr 20, 1990 Texas FSA San Antonio, TX $55.4M Deposit payout
Apr 20, 1990 Southeastern Federal Savings Bank Laurel, MS $49.8M Citizens NB of Meridian
Apr 20, 1990 Heritage FSA Lamar, CO $45.9M First NB in Lamar
Apr 20, 1990 Bergen Park National Bank Evergreen, CO $5.8M Nederland National Bank
Apr 19, 1990 Chas. Schreiner Bank Kerrville, TX $228.1M NCNB Texas National Bank
Apr 19, 1990 Cove State Bank Copperas Cove, TX $37.3M The National Bank of Gatesv
Apr 19, 1990 Acadiana National Bank Lafayette, LA $33.5M First National Bank of St.

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
Oct 1, 1990 Potomac Bancorp, Inc. WV WM Bancorp
Oct 1, 1990 Arvin Employees Credit Union IN Centra Credit Union
Oct 1, 1990 Georgia Episcopal Fcu GA The Southern Credit Union
Oct 1, 1990 Metropolitan Federal Bank Minnesota Federal Savings Bank MN First Bank, Federal Savings Bank
Oct 1, 1990 Pilgrim Empl Fcu GA Fort Gordon and Community Credit Union
Oct 1, 1990 Statesman Insurance Employees Federal Credit Union IN Forum Credit Union
Oct 1, 1990 Rajco Credit Union, Inc. KY C & O United Credit Union
Oct 1, 1990 (unnamed) — The Shelby State Bank
Oct 1, 1990 Greyhound Mid-America Credit Union MO Mazuma Credit Union
Oct 1, 1990 D a I Employees Federal Credit Union IL North Side L Federal Credit Union
Oct 1, 1990 First National Bank of Central Jersey NJ National Westminster Bank USA
Oct 1, 1990 N.L.R. Uniformed Employees Federal Credit Union AR Arkansas Federal Credit Union
Oct 1, 1990 Maryland State Bank MD Bank of Maryland
Oct 1, 1990 (unnamed) — First of America Bank-Quad Cities, National Association
Oct 1, 1990 Bank of Maryland - Montgomery County MD Bank of Maryland
Oct 1, 1990 Miami Childrens Hospital Credit Union FL Tropical Financial Credit Union
Oct 1, 1990 Rainier Federal Credit Union WA Qualstar Credit Union
Oct 1, 1990 Pirse Federal Credit Union PA Fedchoice Federal Credit Union
Oct 1, 1990 Bay National Bank MD Bank of Maryland
Oct 1, 1990 Junction State Bank WI Bank of Athens
Oct 1, 1990 First of America Bank-Ottawa IL First of America Bank-DeKalb, National Association
Oct 1, 1990 Aerovox Employees Credit Union MA First Citizens Federal Credit Union
Oct 1, 1990 Metropolitan Federal Bank of Iowa IA First Bank, Federal Savings Bank
Oct 1, 1990 Shenango Valley Federal Credit Union PA Mercer County Community Federal Credit Union
Oct 1, 1990 Cornerstone Bank NH BayBank NH, National Association
Oct 1, 1990 Marshall Field and Company Employees Credit Union IL Bestsource Credit Union
Oct 1, 1990 Firestone Factory Employees Credit Union, Inc. OH B F G Federal Credit Union
Oct 1, 1990 (unnamed) — Corestates Bank, National Association
Oct 1, 1990 C T a General Office Federal Credit Union IL North Side L Federal Credit Union
Oct 1, 1990 Industrial Workers Fcu GA Augusta Metro Federal Credit Union
Oct 1, 1990 Bank of Oklahoma, Claremore OK RCB Bank
Oct 1, 1990 North Park Garage Federal Credit Union IL 77th Street Depot Federal Credit Union
Oct 1, 1990 C C East Federal Credit Union GA Kinetic Credit Union
Oct 1, 1990 Mcea West Virginia Federal Credit Union WV Chessie Federal Credit Union
Oct 1, 1990 Citrus CMNTY Fcu FL Martin Federal Credit Union
Oct 1, 1990 C&S Credit Union MI Credit Union One
Oct 1, 1990 Garrett Freightlines Employees Federal Credit Union ID Rails West Federal Credit Union
Oct 1, 1990 Anchor Savings and Loan Association IN Citizens Financial Bank
Oct 1, 1990 Wisconsin United Methodist Credit Union WI Pioneer Credit Union
Oct 1, 1990 LaSalle National Bank IL LaSalle Bank National Association
Oct 1, 1990 Citizens Credit Union MI Genisys Credit Union dba Genisys Investment Services
Oct 1, 1990 First America Bank - Mt. Pleasant MI First of America Bank - Mid Michigan, National Association
Oct 1, 1990 Caddo Parish Credit Union LA Wesla Federal Credit Union
Sep 30, 1990 Southern Humboldt Grangers Credit Union CA Butte Federal Credit Union
Sep 30, 1990 Shawsville Bancorp, Incorporated VA Premier Bankshares Corporation
Sep 30, 1990 Salon Credit Union CA California Bear Credit Union
Sep 30, 1990 Clark County Schools Credit Union, Inc. OH Heartland Federal Credit Union
Sep 30, 1990 The First National Bank of Boscobel WI Clare Bank, N.A.
Sep 30, 1990 Citizens State Bank WI Clare Bank, N.A.
Sep 30, 1990 The Bloomington State Bank WI Clare Bank, N.A.

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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