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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
Aug 24, 1990 Broken Arrow Savings Assoc. Broken Arrow, OK $26.9M Metro Bank of Broken Arrow
Aug 22, 1990 Sweetwater FS & La Rock Springs, WY $11.6M First Security Bank
Aug 17, 1990 First FSA of Tuscola Tuscola, IL $23.2M First NB of Arcola
Aug 17, 1990 Financial Savings of Hartford FSB Hartford, CT $21.9M Northeast Savings, F.A.
Aug 16, 1990 Cherry Creek National Bank Denver, CO $85.8M The Bank of Cherry Creek, N
Aug 16, 1990 City National Bank Houston, TX $35.6M Charter National Bank-Colon
Aug 16, 1990 Capitol Bank & Trust Oklahoma City, OK $33.1M First Fidelity Bank, Nation
Aug 10, 1990 The National Bank of Washington Washington, DC $1.65B The Riggs National Bank of
Aug 10, 1990 First Pacific Bank Beverly Hills, CA $118.8M Commercial Center Bank
Aug 10, 1990 Superior Federal Savings Bank Nacogdoches, TX $80.2M Branch sale
Aug 10, 1990 American Sa of MT. Carmel Mt. Carmel, IL $11.9M Union FSB
Aug 9, 1990 First National Bank of Corpus Christi Corpus Christi, TX $117.0M First City, Texas-Corpus CH
Aug 3, 1990 Hometown FSA Winfield, IL $46.5M Irving Bank
Aug 3, 1990 Tennessee Federal Savings Bank Cookeville, TN $40.0M Peoples B&T of Cumberlands
Aug 3, 1990 Amigo FS & La Brownsville, TX $20.7M Brownsville NB
Aug 2, 1990 American Bank & Trust Company Baton Rouge, LA $351.5M Hancock Bank of Louisiana
Aug 2, 1990 United Bank of Waco, National Assoc Waco, TX $250.0M Bank One, Texas, National a
Jul 31, 1990 United FSB Vienna, VA $415.6M Crestar Bank
Jul 27, 1990 Professional Savings Bank Coral Gables, FL $695.6M Branch sale
Jul 27, 1990 Statesman Bank for Savings, FSB Des Moines, IA $540.4M Branch sale
Jul 27, 1990 Citizens & Builders FS Pensacola, FL $119.2M Central Bank of the South
Jul 27, 1990 Guaranty Savings Bank FSB Fayetteville, NC $53.9M Branch sale
Jul 27, 1990 U.S. Savings Bank of America Seabrook, NH $12.4M Family Savings Bank of New
Jul 26, 1990 Continental Bank Dallas, TX $135.5M Comerica Bank - Texas
Jul 26, 1990 Bank of Odessa Odessa, TX $14.4M Western National Bank
Jul 26, 1990 Bank of Wilson Wilson, OK $13.0M American National Bank
Jul 26, 1990 First National Bank Purcell, OK $10.9M McClain County National Ban
Jul 20, 1990 Mainstay Federal Savings Red Bank, NJ $226.1M Bankers Savings
Jul 20, 1990 Charter Bank, a FSB Hattiesburg, MS $130.8M Branch sale
Jul 20, 1990 Commonwealth Savings Assoc. New Orleans, LA $44.0M St. Bernard B&TC
Jul 20, 1990 United FS & La Vidalia, LA $18.9M Concordia B&TC
Jul 13, 1990 Capitol-Union FSA Baton Rouge, LA $392.8M Deposit payout
Jul 13, 1990 The Permanent Savings Bank Niagara Falls, NY $330.0M Key Bank of Western New Yor
Jul 13, 1990 North Texas FSA Wichita Falls, TX $97.0M Team Bank
Jul 13, 1990 Summit First S & La Summit, IL $57.8M Marquette NB
Jul 13, 1990 Progressive SB Natchitoches, LA $50.2M Deposit payout
Jul 12, 1990 American National Bank of Greenville Greenville, TX $29.1M Sulphur Springs State Bank
Jul 12, 1990 Iredell State Bank Iredell, TX $10.0M First Security Bank - Cranf
Jul 6, 1990 Milford Savings Bank Milford, MA $328.1M Peoples Savings Bank
Jul 6, 1990 Capital National Bank Bronx, NY $158.2M New York Capital Bank, N.A.
Jul 6, 1990 Heritage FSA Lancaster, PA $48.8M Harris Sa
Jul 5, 1990 Home SB, FSB Salt Lake City, UT $12.8M Zions First NB
Jun 29, 1990 Eliot Savings Bank Boston, MA $479.5M South Boston Savings Bank
Jun 29, 1990 Travis Savings & Loan Assoc. San Antonio, TX $321.7M International Bank of Comme
Jun 29, 1990 First Jackson FSB Jackson, MS $116.5M Trustmark NB
Jun 29, 1990 Windsor Savings Assoc. Austin, TX $108.8M Deposit payout
Jun 29, 1990 Charter Savings & Loan Stamford, CT $103.0M Greenwich FS&LA
Jun 29, 1990 The Montgomery National Bank Montgomery TWNSP, NJ $92.6M Amboy National Bank
Jun 29, 1990 Pioneer FS & La Marietta, OH $9.5M Deposit payout
Jun 28, 1990 Southwest National Bank Austin, TX $33.6M Texas Bank

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 1, 1990 Babw Federal Credit Union PA Apex Community Federal Credit Union
Jul 1, 1990 First Interstate Bank of Great Falls MT First Interstate Bank of Montana, National Association
Jul 1, 1990 First Interstate Bank of Glacier County MT First Interstate Bank of Montana, National Association
Jul 1, 1990 Society Bank, Angola, National Association IN Society National Bank, Indiana
Jul 1, 1990 Riverside Community Credit Union WI Fox Communities Credit Union
Jul 1, 1990 Galaxy Federal Credit Union PA Little Giant Federal Credit Union
Jul 1, 1990 Warren Bank MI Macomb Warren Bank
Jul 1, 1990 Mhi-Npes Fcu FL Tropical Financial Credit Union
Jul 1, 1990 Knights of Columbus of Western Michigan Federal Credit Union MI Credit Union One
Jul 1, 1990 Union Federal Savings Bank IN Union Federal Bank of Indianapolis
Jul 1, 1990 Greater Charlotte Federal Credit Union NC Alero Financial Credit Union
Jul 1, 1990 MSHD-VI Fcu MS Mississippi Department of Transportation Federal Credit Union
Jul 1, 1990 Lancaster County Employees Credit Union PA Lancaster Red Rose Credit Union
Jul 1, 1990 JWC Empl Fcu FL Gte Federal Credit Union dba Gte Financial
Jul 1, 1990 Society Bank, Knox IN Society National Bank, Indiana
Jul 1, 1990 California Conference Credit Union CA Interfaith Federal Credit Union
Jul 1, 1990 Georgetown National Bank TX Hartland Bank, National Association
Jul 1, 1990 CYS Federal Credit Union MD Nymeo Federal Credit Union
Jul 1, 1990 First of America Bank - Alpena MI First of America Bank - Northern Michigan
Jul 1, 1990 I.A.M. Lodge 758 Federal Credit Union CA Logix Federal Credit Union
Jul 1, 1990 Moore Fremont Federal Credit Union OH Fremont Federal Credit Union
Jul 1, 1990 Ibew 143 Credit Union PA Belco Community Credit Union
Jul 1, 1990 Muskegon Printing Industrial Employees Credit Union MI Family Financial Credit Union
Jul 1, 1990 Society Bank, Goshen IN Society National Bank, Indiana
Jul 1, 1990 Trustcorp of Florida N.A. FL Key Trust Company of Florida, N.A.
Jul 1, 1990 Contented Federal Credit Union WA Canopy Federal Credit Union
Jul 1, 1990 Century Bank AZ Residual Bank
Jul 1, 1990 Valley Financial Services, Inc. IL Illinois Banc One Corporation
Jul 1, 1990 Bank South Waycross, Inc. GA Bank South Corporation
Jul 1, 1990 Universal Bancorp WV Hometown Bancshares, Inc.
Jul 1, 1990 Bank South Macon, Inc. GA Bank South Corporation
Jul 1, 1990 Four Freedoms Federal Credit Union PA Pannonia Federal Credit Union
Jul 1, 1990 Nreca-Rochdale Federal Credit Union DC Agriculture Federal Credit Union
Jul 1, 1990 Border Credit Union AZ American Southwest Credit Union
Jul 1, 1990 E L C M Federal Credit Union OH Tri-State Federal Credit Union
Jul 1, 1990 Whiting Federal Credit Union OH Cinco Family Financial Center Credit Union
Jun 30, 1990 Williams Bros SVG & Ca Cu GA Georgia United Credit Union
Jun 30, 1990 Great American Bank, Federal Savings Bank AZ Great American Federal Savings Association
Jun 30, 1990 Bank IV Lenexa, National Association KS Bank IV Kansas City, National Association
Jun 30, 1990 Plaza National Bank TX Community Bank & Trust, S.S.B.
Jun 30, 1990 Octelco Credit Union, Inc. OH Desco Federal Credit Union
Jun 30, 1990 Pontiac Columbus Federal Credit Union MI Metro North Federal Credit Union
Jun 30, 1990 Hotel Inter-Continental Maui Federal Credit Union HI Valley Isle Community Federal Credit Union
Jun 30, 1990 Bank IV Corporate Woods, National Association KS Bank IV Kansas City, National Association
Jun 30, 1990 Vidor State Bank TX Community Bank & Trust, S.S.B.
Jun 30, 1990 First National Bank of Woodville TX Community Bank & Trust, S.S.B.
Jun 30, 1990 Warner Center Bank CA City National Bank
Jun 30, 1990 Equitable Bank, National Association MD Maryland National Bank
Jun 30, 1990 Eggers Industries Neenah Credit Union WI Lakeview Credit Union
Jun 30, 1990 Mayco L a Federal Credit Union CA First City Credit Union

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

Enforcement Actions in 1990

Action date Agency Institution Action
Dec 31, 1990 OCC_OTS Postal Savings and Loan Association Supervisory Agreement: Postal Savings and Loan Association
Dec 31, 1990 OCC First National Bank of Boston Trust # Securities Enforcement Action: First National Bank of Boston, The
Dec 28, 1990 OCC_OTS Worth Federal Savings and Loan Association Civil Money Penalty: Tommie Hendricks
Dec 28, 1990 OCC_OTS Worth Federal Savings and Loan Association Civil Money Penalty: Joanne F. Pendley
Dec 28, 1990 OCC_OTS First Florida Federal Savings Bank Supervisory Agreement: First Florida Savings Bank, FSB
Dec 27, 1990 OCC_OTS Numerica Savings Bank Federal Savings Bank Cease and Desist: Numerica Savings Bank, FSB
Dec 27, 1990 OCC_OTS Numerica Savings Bank Federal Savings Bank Cease and Desist: Numerica Financial Corporation
Dec 27, 1990 OCC_OTS (individual) Orders of Removal/Prohibition: Walter Cooper
Dec 24, 1990 OCC First National Bank of Texas Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): 1st National Bank of Texas
Dec 22, 1990 OCC_OTS Monycor Federal Savings Bank Civil Money Penalty: William J. Oestreicher
Dec 22, 1990 FRB Cosmopolitan Bancorp Incorporated Written Agreement: Cosmopolitan Bancorp, Inc., Chicago, IL
Dec 21, 1990 OCC_OTS American Savings Trust, Inc. Cease and Desist: American Savings and Loan Association
Dec 20, 1990 OCC The First National Bank of Levelland Prohibition/Removal Orders: Barnett, William K.
Dec 20, 1990 OCC The First National Bank of Levelland Civil Money Penalty (CMP): Barnett, William K.
Dec 20, 1990 OCC_OTS First Federal Savings & Loan Association of Harrisburg Supervisory Agreement: First Federal Savings and Loan Association of Harrisburg
Dec 20, 1990 OCC_OTS First Federal Savings & Loan Association of Harrisburg Supervisory Agreement: First Federal Savings and Loan Assocaition of Harrisburg
Dec 20, 1990 OCC PNC Bank, N.A. Formal Agreement: Midlantic National Bank
Dec 20, 1990 OCC The Merchants National Bank & Trust Company of Syracuse Formal Agreement: The Merchants National Bank & Trust Company Of Syracuse
Dec 20, 1990 OCC Union National Bank Formal Agreement: Union National Bank
Dec 20, 1990 OCC First National Bank of Boston Trust # Securities Enforcement Action: First National Bank of Boston, The
Dec 19, 1990 OCC_OTS Westco Savings Bank, FSB Orders of Removal/Prohibition: Michael H. Wallace
Dec 19, 1990 FRB First State Bank of Maple Park Cease and Desist Order: First State Bank of Maple Park, Maple Park, IL
Dec 19, 1990 FRB First State Bank of Maple Park Cease and Desist Order: Bruce Madden
Dec 19, 1990 FRB First State Bank of Maple Park Cease and Desist Order: Joe A. Pruess
Dec 19, 1990 FRB UBAF Arab American Bank Written Agreement: UBAF Arab American Bank, New York, NY
Dec 19, 1990 OCC (individual) Formal Agreement: Montana National Bank of Plentywood
Dec 18, 1990 OCC Midlantic National Bank/North Formal Agreement: Midlantic National Bank/North
Dec 18, 1990 FRB Citizens First Bancorp, Inc. Written Agreement: Citizens First Bancorp, Inc., Glen Rock, NJ
Dec 18, 1990 FRB Smyrna Bank & Trust Company Written Agreement: Smyrna Bank and Trust Company, Smyrna, GA
Dec 17, 1990 OCC_OTS Mutual Federal Savings Bank of Atlanta Supervisory Agreement: Mutual Federal Savings and Loan Association of Atlanta
Dec 17, 1990 OCC_OTS (individual) Supervisory Agreement: United Savings Bank, FSB
Dec 17, 1990 OCC Merchants National Bank Formal Agreement: Merchants National Bank
Dec 14, 1990 OCC_OTS Northwestern Savings and Loan Association Cease and Desist: Northwestern Savings and Loan Association
Dec 14, 1990 OCC Interstate National Bank Prohibition/Removal Orders: Haenisch, Brian
Dec 14, 1990 OCC First National Bank of Muscatine Formal Agreement: First National Bank Of Muscatine
Dec 14, 1990 OCC Texas National Bank of Jacksonville Civil Money Penalty (CMP): Tennison, James C.
Dec 14, 1990 OCC Texas National Bank of Jacksonville Civil Money Penalty (CMP): Owens, Audrey B.
Dec 14, 1990 OCC Texas National Bank of Jacksonville Civil Money Penalty (CMP): Martin, Thomas W.
Dec 14, 1990 OCC Texas National Bank of Jacksonville Civil Money Penalty (CMP): Glass, Orland W.
Dec 13, 1990 OCC_OTS Abacus Federal Savings Bank Supervisory Agreement: Abacus Federal Savings Bank
Dec 13, 1990 OCC The Rappahannock National Bank of Washington Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Rappahannock National Bank Of Washington
Dec 13, 1990 OCC First National Bank of Grants Civil Money Penalty (CMP): First National Bank Of Grants
Dec 12, 1990 FRB Fairfield County Bancorp, Inc. Written Agreement: Fairfield County Bancorp, Inc., Stamford, CT
Dec 12, 1990 OCC The First National Bank of Van Alstyne Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank Of Van …
Dec 12, 1990 OCC_OTS Worth Federal Savings and Loan Association Civil Money Penalty: S. Cecil Musgrove
Dec 12, 1990 OCC_OTS First Federal Savings and Loan Association of Independence Cease and Desist: Yerkes and Michaels Yerkes and Michaels
Dec 12, 1990 OCC_OTS First Federal Savings and Loan Association of Independence Cease and Desist: Yerkes and Michels
Dec 12, 1990 OCC_OTS Worth Federal Savings and Loan Association Civil Money Penalty: Gordon Sumner
Dec 11, 1990 OCC_OTS Centex Bancshares Inc Cease and Desist: Centex Corporation
Dec 11, 1990 OCC_OTS First Federal Savings and Loan Association of Independence Decision/Opinion and Order: Lousi H. Michels Michael Baldassaro

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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