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
Jul 28, 1990	Commercial State Bank	KS	First National Bank and Trust
Jul 27, 1990	The First National Bank of Moravia	NY	OnBank & Trust Co.
Jul 27, 1990	Mount Carmel Mercy Credit Union	MI	Credit Union One
Jul 27, 1990	Anthracite Food Employees Federal Credit Union	PA	Net Federal Credit Union
Jul 26, 1990	Hazard Wire Rope Division Federal Credit Union	PA	Choice One Community Federal Credit Union
Jul 26, 1990	Bucknell University Employees Federal Credit Union	PA	Service 1st Federal Credit Union
Jul 21, 1990	M&I Central National Bank	WI	M&I First American Bank
Jul 21, 1990	F & M Bank	WI	Associated Bank Menomonee Falls
Jul 21, 1990	Heights of Texas, FSB	TX	First Heights Bank, FSB
Jul 18, 1990	Smurfit Employees Lockland Credit Union Inc.	OH	Trupartner Credit Union, Inc.
Jul 16, 1990	The Fifth Third Bank of Campbell County, National Association	KY	The Fifth Third Bank of Northern Kentucky, Inc.
Jul 16, 1990	American State Bank of Snyder	TX	American State Bank
Jul 16, 1990	The Fifth Third Bank of Boone County, Inc.	KY	The Fifth Third Bank of Northern Kentucky, Inc.
Jul 16, 1990	Heritage Bank of Kenosha	WI	Johnson Bank
Jul 16, 1990	The State Bank of Fraser	MI	Security Bank of Commerce
Jul 14, 1990	(unnamed)	—	Valley Bank, Menomonie
Jul 13, 1990	Detroit Peerless Employees Credit Union	MI	Zeal Credit Union
Jul 12, 1990	First Bank	TX	First Bank Katy, National Association
Jul 12, 1990	Health & Human Service Federal Credit Union	PA	Philadelphia Federal Credit Union
Jul 10, 1990	Pueblo 1st Industrial Bank	CO	First Community Industrial Bank
Jul 10, 1990	National Bank of Catalina	CA	Southern California Bank
Jul 10, 1990	First Community Industrial Bank	CO	First Community Industrial Bank
Jul 10, 1990	Jefferson Credit Union	MN	Topline Financial Credit Union
Jul 10, 1990	Rocky Mountain Widefield 1st Industrial Bank	CO	First Community Industrial Bank
Jul 10, 1990	Loveland 1st Industrial Bank	CO	First Community Industrial Bank of Fort Collins
Jul 10, 1990	S.B.T. Employees Credit Union	CA	Santa Barbara County Federal Credit Union
Jul 10, 1990	Longmont 1st Industrial Bank	CO	First Community Industrial Bank of Longmont
Jul 9, 1990	M&I Interim State Bank	WI	M&I Central State Bank
Jul 9, 1990	Eastern Illinois Trust and Savings Bank	IL	Municipal Trust and Savings Bank
Jul 9, 1990	Peoples Bank of Albers	IL	First County Bank
Jul 7, 1990	American Federal Savings and Loan Association	NC	Mutual Community Savings Bank, SSB
Jul 6, 1990	Atico SVG BK	FL	Intercontinental Bank, National Association
Jul 5, 1990	McLean County Educators Credit Union	IL	The Credit Union for All
Jul 2, 1990	Screenland Credit Union	CA	First Entertainment Credit Union
Jul 2, 1990	(unnamed)	—	Southeastern Bank
Jul 2, 1990	Safe Deposit Company of Michigan	MI	Bank One, Michigan
Jul 2, 1990	Mansfield Credit Union	MA	Arise Federal Credit Union
Jul 2, 1990	Gallitzin Savings & Loan Association	PA	Penncrest Bank
Jul 1, 1990	Skiatook Federal Credit Union	OK	Westreet Federal Credit Union
Jul 1, 1990	Capitol Credit Union	OK	Oklahoma's Federal Credit Union
Jul 1, 1990	Lawn Boy Credit Union	WI	Kohler Credit Union
Jul 1, 1990	John Widdicomb Company Employees Credit Union	MI	A a C Credit Union
Jul 1, 1990	Society Bank, Winamac	IN	Society National Bank, Indiana
Jul 1, 1990	The Formoso Bank	KS	Farmers State Bank
Jul 1, 1990	Morgan County State Bank, Inc.	WV	One Valley Bank-East, N.A.
Jul 1, 1990	Folger Empl Fcu	LA	New Orleans Firemens Federal Credit Union
Jul 1, 1990	Pueblo Santa Fe Employees Federal Credit Union	CO	Santa Fe Federal Credit Union
Jul 1, 1990	Viroqua Federal Savings and Loan Association	WI	AnchorBank, FSB
Jul 1, 1990	Citizens Bank of Goodman	WI	Bank North
Jul 1, 1990	S S H Employees Federal Credit Union	PA	Greater Pittsburgh Federal Credit Union

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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