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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
Feb 23, 1990 Imperial Federal Savings Assoc. San Diego, CA $9.58B Branch sale
Feb 23, 1990 Mercury Savings Huntington Beach, CA $2.16B Security Pacific NB, N.A.
Feb 23, 1990 First Atlantic S & La Plainfield, NJ $1.30B Branch sale
Feb 23, 1990 Texasbanc Savings Conroe, TX $248.8M Guaranty FSB
Feb 23, 1990 Provident Sa Casper, WY $244.9M Key Bank of WY - Casper
Feb 23, 1990 Nowlin Sa Ft. Worth, TX $200.5M Comerica Bank-TX
Feb 23, 1990 Vanguard SB Vandergrief, PA $176.9M S&T Bank
Feb 23, 1990 Frontier FS & La Walla Walla, WA $146.9M Washington Mutual
Feb 23, 1990 Community Federal Savings Bank East Moline, IL $112.0M Branch sale
Feb 23, 1990 First Standard Fed. Savings Assoc. Fairmont, WV $77.6M Community B&T, N.A.
Feb 23, 1990 First Federal Sav. ASSOC./BLUEFIELD Bluefield, WV $39.3M First FSB
Feb 23, 1990 The Bank of Ruidoso Ruidoso, NM $27.8M United New Mexico Bank at a
Feb 23, 1990 Greenwood FS & La Greenwood, MS $26.7M Magnolia FB for Savings
Feb 23, 1990 The Red River Bank Red River, NM $6.5M Centinel Bank of Taos
Feb 22, 1990 The First State Bank of Regent Regent, ND $9.7M First National Bank
Feb 21, 1990 The Ben Franklin FS & La Portland, OR $4.62B Bank of America, FSB
Feb 16, 1990 Franklin FSA Ottawa, KS $9.26B Branch sale
Feb 16, 1990 Great American FS & La Oak Park, IL $1.01B Branch sale
Feb 16, 1990 State FS & La Tulsa, OK $526.3M Branch sale
Feb 16, 1990 Western Empire FS & La Yorba Linda, CA $406.6M Southern California Bank
Feb 16, 1990 Freedom Sa Columbus, OH $360.4M Branch sale
Feb 16, 1990 Heritage FSB Omaha, NE $225.0M Branch sale
Feb 16, 1990 Equitable S & La, F.A. Columbus, NE $73.2M Conservative SB, FSB
Feb 16, 1990 Fidelity Savings Bank Danville, IL $16.3M First Midwest Bank
Feb 15, 1990 Huffman Bank Huffman, TX $22.0M Channelview Bank
Feb 15, 1990 Northway National Bank Dallas, TX $19.1M City National Bank of Carro
Feb 15, 1990 Gateway National Bank Phoenix, AZ $8.6M Citibank (Arizona)
Feb 9, 1990 Abq Bank, a FSB Albuquerque, NM $2.02B Bank of America NM, N.A.
Feb 9, 1990 American Federal Savings Assoc. Des Moines, IA $910.7M Branch sale
Feb 9, 1990 Vermont Sa Timonium, MD $334.9M First NB of MD
Feb 9, 1990 Huntington FS & La Huntington Beach, CA $120.4M American SB, F.A.
Feb 9, 1990 Liberty Savings Bank FSB Randallstown, MD $49.5M Royal Oak SB, FSA
Feb 9, 1990 Fairmont Federal Savings Assoc. Fairmont, MN $46.0M First Farmers & Merchant NB
Feb 8, 1990 The First National Bank of Colbert Colbert, OK $17.9M The Durant Bank & Trust Com
Feb 2, 1990 Centrust Bank, SB Miami, FL $8.22B Great Western Bank, FSB
Feb 2, 1990 Pioneer Savings Bank, FSB Clearwater, FL $1.94B Great Western Bank, FSB
Feb 2, 1990 Clyde FS & La North Riverside, IL $574.7M Mid-City NB of Chicago
Feb 2, 1990 Sentinel FS & La Phoenix, AZ $174.9M Biltmore Investors Bank, N.A.
Feb 2, 1990 Henderson Home S & La Henderson, KY $50.4M Farmers B&TC
Feb 2, 1990 Citizens National Bank of Walnut Ridge Walnut Ridge, AR $37.5M The Lawrence County Bank
Feb 2, 1990 Commerce Bank of Tampa Tampa, FL $21.6M Southern Exchange Bank
Feb 1, 1990 Tyler National Bank Tyler, TX $24.7M NCNB Texas National Bank
Jan 31, 1990 Merabank FSB Phoenix, AZ $6.32B Branch sale
Jan 26, 1990 Monroe Savings Bank, FSB Rochester, NY $520.6M Manufacturers & Traders Tru
Jan 26, 1990 Banctexas Dallas, N.A. Dallas, TX $340.9M Hibernia National Bank in T
Jan 26, 1990 Williamsburg FS & La Salt Lake City, UT $310.5M Branch sale
Jan 26, 1990 Colonial S & La Cape Girardeau, MO $170.9M Branch sale
Jan 26, 1990 First Savings Assoc. Bismark, ND $113.4M Metropolitan FB, FSB
Jan 26, 1990 Creditbank Cutler Ridge, FL $76.4M Capital Bank
Jan 26, 1990 Palo Duro FS & La Amarillo, TX $65.0M Citizens State Bank of Dalh

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
Sep 30, 1990 Childrens Hospital of Pittsburgh Federal Credit Union PA Greater Pittsburgh Federal Credit Union
Sep 30, 1990 The Krakauer Fcu PA Pannonia Federal Credit Union
Sep 30, 1990 Teamsters Local 107 Federal Credit Union PA Sun East Federal Credit Union
Sep 30, 1990 Farmers and Merchants Bank WI Clare Bank, N.A.
Sep 29, 1990 Simonds Employees Credit Union MA I C Federal Credit Union
Sep 29, 1990 Hardin, Inc. NE Central Bancshares, Inc.
Sep 29, 1990 Cape County Bank MO Union Planters Bank of Southeast Missouri
Sep 29, 1990 Farmers and Merchants Bank NE First Central Bank
Sep 28, 1990 Health Employees & Related Organization Fcu PA C-B-W School Federal Credit Union
Sep 28, 1990 United Bancshares of Nebraska, Inc. NE Ameriwest Corporation
Sep 28, 1990 Progressive Building & Loan Association NJ Susquehanna Bank DV
Sep 27, 1990 Carteret County Federal Credit Union NC First Flight Federal Credit Union
Sep 27, 1990 Biehl Nohoga Federal Credit Union TX Members Trust of the Southwest Federal Credit Union
Sep 26, 1990 Valley Mart Employees Federal Credit Union TX South Texas Federal Credit Union
Sep 26, 1990 F&M Bank, National Association WI Associated Bank North
Sep 26, 1990 Norwood Federal Savings Bank IL Deerfield Federal Savings and Loan Association
Sep 25, 1990 D.S.E. Credit Union NY Radius Federal Credit Union
Sep 24, 1990 United Bank, National Association TX Texas Commerce Bank-Midland, National Association
Sep 22, 1990 First Florida Bank of Orange County, National Association FL (unnamed)
Sep 21, 1990 Coastal National Bank TX Texas Gulf Bank, N.A.
Sep 21, 1990 The National Bank of Northern Virginia VA Crestar Bank
Sep 21, 1990 Chemical National Bank TX Texas Gulf Bank, N.A.
Sep 21, 1990 Alvin National Bank TX Texas Gulf Bank, N.A.
Sep 21, 1990 Farmers Bank of Grant City/Sheridan MO Bank Midwest, N.A.
Sep 20, 1990 E E L Federal Credit Union NC Hamlet Federal Credit Union
Sep 19, 1990 Park Falls State Bank WI MidAmerica Bank North
Sep 17, 1990 St. John:s Home Federal Credit Union NY Rochester & Monroe County Employees Federal Credit Union
Sep 17, 1990 Purdue Student Federal Credit Union IN Purdue Federal Credit Union
Sep 15, 1990 University Credit Union TX Evolve Federal Credit Union
Sep 14, 1990 The National Bank of Commerce of Belle WV Huntington Bank Charleston N.A.
Sep 14, 1990 Leigh Corporation NE Citizens National Corporation
Sep 14, 1990 First Federal Savings and Loan Association of Macon Co IL Soy Capital Bank and Trust Company
Sep 13, 1990 Canadian Imperial Holding Company NY Canadian Imperial Holdings Inc.
Sep 13, 1990 G.S.W. Building Corporation TX Merchants Bancshares, Inc.
Sep 11, 1990 Toddler Cu TN Tennessee Valley Federal Credit Union
Sep 10, 1990 Fifth Third Bank of Eastern Indiana IN The Fifth Third Bank of Southeastern Indiana
Sep 10, 1990 Exchange Bank of Lake County IL LaSalle Bank Northbrook
Sep 10, 1990 Society Bank, Lenawee MI KeyBank National Association
Sep 9, 1990 (unnamed) — Banco Popular, Illinois
Sep 8, 1990 Valley Bank, Sun Prairie WI Valley Bank
Sep 8, 1990 Community Federal Savings and Loan Association NJ World Savings and Loan Association, A Federal Savings and Loan Associati
Sep 8, 1990 Valley Bank of Oregon WI Valley Bank
Sep 7, 1990 Shawmut Arlington Trust Company MA Fleet National Bank of Massachusetts
Sep 5, 1990 Madison County Bank & Trust IN Citizens Banking Company
Sep 4, 1990 Neltner Employees Federal Credit Union KY Trupartner Credit Union, Inc.
Sep 4, 1990 Esselte Federal Credit Union NY People's Alliance Federal Credit Union
Sep 1, 1990 Americana Bank of Danube MN Excel Bank Minnesota
Sep 1, 1990 Sug Credit Union TX Capitol Credit Union
Sep 1, 1990 Elkhorn Bankshares Corporation WI Firstar Corporation of Wisconsin
Sep 1, 1990 First State Bank IA Liberty Bank & Trust

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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