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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
Apr 19, 1990 First State Bank of Crandall Crandall, TX $15.8M The American National Bank
Apr 19, 1990 Security National Bank of Elgin Elgin, TX $10.8M Elgin Bank of Texas
Apr 19, 1990 Corinth Deposit National Bank Corinth, KY $8.7M The National Bank of Corint
Apr 18, 1990 The Seamen's Bank of Savings, FS New York, NY $3.39B The Chase Manhattan Bank(na
Apr 12, 1990 First Federal Savings & Loan Warner Robins, GA $150.1M CB&T Bank of Middle Ga
Apr 12, 1990 Constitution Fed. Savings Assoc. Monterey Park, CA $66.4M Deposit payout
Apr 12, 1990 The Bazine State Bank Bazine, KS $16.9M Farmers Bank & Trust, Natio
Apr 5, 1990 Colony Savings Bank, FSB Monaca, PA $427.5M Branch sale
Apr 5, 1990 Champions Point National Bank Houston, TX $20.6M Northwest Bank
Apr 5, 1990 First Bank & Trust Company Cedar Hill, TX $13.8M NCNB Texas National Bank
Mar 30, 1990 Everman National Bank of Fort Worth Fort Worth, TX $65.9M Bank One, Texas, National a
Mar 30, 1990 Imperial Bank Coral Gables, FL $23.2M Commercebank, National Asso
Mar 29, 1990 Crown Bank, N.A. San Antonio, TX $22.8M First City,texas-San Antoni
Mar 29, 1990 First National Bank of Garland Garland, TX $9.4M State Bank of Texas
Mar 29, 1990 Alvord National Bank Alvord, TX $7.6M The First National Bank of
Mar 22, 1990 The Central National Bank of San Angelo San Angelo, TX $147.4M First National Bank at Lubb
Mar 22, 1990 Miami National Bank Miami, FL $46.4M Commercebank, National Asso
Mar 22, 1990 Community Bank New Caney, TX $42.0M Channelview Bank
Mar 22, 1990 American Bank of Arlington Arlington, TX $28.3M Banc One, Texas, National a
Mar 22, 1990 The Waller Bank, N.A. Waller, TX $13.4M First Bank Navasota
Mar 16, 1990 Pacific Coast S & La San Francisco, CA $1.04B East-West FB, FSB
Mar 16, 1990 Whitestone Savings Whitestone, NY $396.9M Astoria FS&LA
Mar 16, 1990 Nasau Federal Savings & Loan Brooklyn, NY $296.8M Staten Island SB
Mar 16, 1990 First America FSB Longmont, CO $187.4M Branch sale
Mar 16, 1990 Great American FS & La Corinth, MS $159.2M Deposit payout
Mar 16, 1990 First FS & La of Wichita Falls Wichita Falls, TX $84.8M Deposit payout
Mar 16, 1990 Lakeland Savings Bank FSB Detroit Lakes, MN $79.6M First Security State Bank
Mar 16, 1990 United Federal Savings, F.A. New Orleans, LA $53.2M United B&TC
Mar 16, 1990 Sun Federal Savings Assoc. Fort Dodge, IA $24.3M Ida County State Bank
Mar 15, 1990 Bank of Meeker Meeker, OK $15.5M First State Bank
Mar 15, 1990 Liberty City State Bank Liberty City, TX $15.2M The First National Bank of
Mar 15, 1990 Independent National Bank Phoenix, AZ $12.4M Citibank(arizona)
Mar 9, 1990 Nassau S & La Princeton, NJ $313.1M Penn SB, FSB
Mar 9, 1990 Yorkwood S & La Maplewood, NJ $205.3M Branch sale
Mar 9, 1990 Westport Federal Savings Bank Hanford, CA $169.6M Deposit payout
Mar 9, 1990 Peoples FS & La Bartlesville, OK $105.5M WestStar Bank N.A.
Mar 9, 1990 Investors Savings Bank Nashville, TN $81.1M Amsouth Bank of TN
Mar 9, 1990 Hiawatha Savings & Loan Hiawatha, KS $49.2M Morrill & Janes B&TC
Mar 9, 1990 First Bank N.A. Cleveland, OH $33.1M —
Mar 8, 1990 University National Bank of College Statio College Station, TX $36.3M First American Bank
Mar 8, 1990 Farmers State Bank Schulenberg, TX $32.7M First Bank
Mar 8, 1990 Citizens National Bank Denton, TX $16.2M Texas Bank
Mar 2, 1990 Pima S & La Tucson, AZ $2.73B Bank of America, Az
Mar 2, 1990 North Carolina FS & La Charlotte, NC $628.1M First Citizens B&TC
Mar 2, 1990 Security FS & La Richmond, VA $341.6M Crestar Bank
Mar 2, 1990 Haven FS & La Winter Haven, FL $172.4M Barnett Bank of Polk County
Mar 2, 1990 New Athens FS & La New Athens, IL $30.4M United Il Bank of New Athen
Mar 1, 1990 Search National Bank Dallas, TX $21.2M Hibernia National Bank in T
Mar 1, 1990 First National Bank of Sanger Sanger, TX $19.7M The Gainesville National Ba
Mar 1, 1990 Community State Bank of Onalaska Onalaska, TX $9.7M The Bank of Livingston

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 1, 1990 NBD F & M Bank, National Association MI Bank One, Michigan
Nov 1, 1990 First Federal Savings and Loan Association SC First Palmetto Bank
Nov 1, 1990 Affiliated Bank/DuPage IL Lasalle Bank Illinois
Nov 1, 1990 First Wisconsin Northwestern National Bank of Milwaukee WI Firstar Bank Milwaukee, National Association
Nov 1, 1990 (unnamed) — Union National Bank of Arkansas Little Rock
Nov 1, 1990 NBD Northwest Bank, National Association MI Bank One, Michigan
Nov 1, 1990 NBD Monroe County Bank MI Bank One, Michigan
Nov 1, 1990 Decatur-Macon County Catholic Credit Union IL Staley Credit Union
Nov 1, 1990 City of Harvey Employees Credit Union IL Sherwin Williams Employees Credit Union
Nov 1, 1990 Affiliated Bank/Western National IL Lasalle Bank Illinois
Nov 1, 1990 Affiliated Bank/North Shore National IL Lasalle Bank Illinois
Nov 1, 1990 Pheoll Employees Credit Union IL Central Credit Union of Illinois
Nov 1, 1990 Old Kent Bank IL Old Kent Bank, National Association
Nov 1, 1990 NBD Battle Creek, National Association MI Bank One, Michigan
Oct 31, 1990 Buchanan County Credit Union IA Veridian Credit Union
Oct 29, 1990 Bank of New England - West, National Association MA Bank of New England, N.A.
Oct 27, 1990 First Texas Bank TX Lockwood National Bank of Houston
Oct 27, 1990 Dairyman's State Bank WI Bank One, Beaver Dam
Oct 26, 1990 The National Bank of Commerce of Nitro WV Huntington Bank Charleston N.A.
Oct 26, 1990 American Bank of Chattanooga Financial Corp GA SunTrust Bank, Chattanooga, National Association
Oct 24, 1990 Illinois Center Bancorporation, Inc. IL Lake Shore Bancorp, Inc.
Oct 24, 1990 Valley Center Bancshares, Inc. KS INTRUST Financial Corporation
Oct 20, 1990 The Torrance National Bank CA California United Bank
Oct 20, 1990 Star Banc Corporation, Northern Kentucky No. 1 KY Star Bank, National Association, Kentucky
Oct 20, 1990 Commercial National Bank and Trust Company LA Union Planters Bank of Louisiana
Oct 19, 1990 Shawmut Bank of Franklin County MA Fleet National Bank of Massachusetts
Oct 19, 1990 Shawmut First Bank and Trust Company MA Fleet National Bank of Massachusetts
Oct 19, 1990 Shawmut Bank of Hampshire County, National Association MA Fleet National Bank of Massachusetts
Oct 19, 1990 The National Bank of Commerce of South Charleston WV Huntington Bank Charleston N.A.
Oct 17, 1990 Hawthorne Investment Co. Inc MA Malden Trust Company
Oct 16, 1990 N I M C Credit Union IA North Iowa Community Credit Union
Oct 15, 1990 Village Savings Bank NH The Monadnock Bank
Oct 15, 1990 Lone Rock Investments, Inc. WI Royal Bancshares, Inc.
Oct 13, 1990 Star Bank, Northern Kentucky KY Star Bank, National Association, Kentucky
Oct 12, 1990 First NH Banks, Inc. NH Bank of Ireland First Holdings, Inc.
Oct 12, 1990 Western Community Bancorp CA Western Community Bank
Oct 10, 1990 Uiu Local 48 Credit Union OH Steel Valley Federal Credit Union
Oct 10, 1990 RBC Holdings (Delaware) Inc. DE RBC Holdings (Delaware) Inc.
Oct 8, 1990 Harvard Building Corporation OK The F&M Bank & Trust Company
Oct 6, 1990 Citibank (Utah) UT KeyBank National Association
Oct 2, 1990 Metropolitan Holding Company, Inc. MD Baltimore Bancorp
Oct 2, 1990 SS&D Credit Union TX Eastex Credit Union
Oct 2, 1990 Ae Employees Federal Credit Union MS Southern Security Federal Credit Union
Oct 1, 1990 Peoples Bank of Central Virginia VA F & M Bank/Central Virginia
Oct 1, 1990 Bank of Maryland - Carroll County MD Bank of Maryland
Oct 1, 1990 East Bonneville Credit Union ID A+ Credit Union
Oct 1, 1990 Stetson Univ Cu FL Florida Baptist Credit Union
Oct 1, 1990 Bank of Maryland - Harford County MD Bank of Maryland
Oct 1, 1990 Exchange Bank of DuPage, Oak Brook, Illinois IL La Salle Bank Westmont
Oct 1, 1990 Charter Bank Group, Inc. IL First Chicago NBD Corporation

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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