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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
Dec 14, 1990 Water & Sanitation Employees Credit Union UT Granite Federal Credit Union
Dec 14, 1990 The Kanopolis State Bank KS First Bank Kansas
Dec 13, 1990 Southampton Memorial Hospital Federal Credit Union VA Chartway Federal Credit Union
Dec 12, 1990 First Federal Savings and Loan Association of Council Bluffs IA First Bank, Federal Savings Bank
Dec 12, 1990 First National Bank of Kermit TX Western National Bank
Dec 12, 1990 Saint Joseph's Healthcare Federal Credit Union CA Allied Trades Credit Union
Dec 11, 1990 First National Bank in Higgins TX The First National Bank of Canadian
Dec 10, 1990 Sovran Bank/Tri Cities TN NationsBank of Tennessee, National Association
Dec 10, 1990 Sovran Bank/Greenville TN NationsBank of Tennessee, National Association
Dec 10, 1990 F&M Bank of Slinger WI Associated Bank Fond Du Lac
Dec 8, 1990 Richmond Memorial Hospital Credit Union VA Rva Financial Federal Credit Union
Dec 8, 1990 Jacksonville Corps of Engrs Fcu FL Radifi Federal Credit Union
Dec 7, 1990 Third National Bank in Anderson County TN SunTrust Bank, East Tennessee, National Association
Dec 7, 1990 Third National Bank in Sevier County TN SunTrust Bank, East Tennessee, National Association
Dec 7, 1990 The Peoples Bank TN SunTrust Bank, Nashville, National Association
Dec 7, 1990 Third National Bank in Loudon County TN SunTrust Bank, East Tennessee, National Association
Dec 7, 1990 Third National Bank in Hamblen County TN SunTrust Bank, East Tennessee, National Association
Dec 6, 1990 Lindsborg Bancshares, Inc KS Emprise Financial Corp. - Hutchinson
Dec 6, 1990 The Farmers State Bank KS Emprise Bank, National Association
Dec 4, 1990 PTC Financial Corporation IN Norwest Indiana, Inc.
Dec 4, 1990 Ways Employees Credit Union CT Greater Watertown Federal Credit Union
Dec 3, 1990 Empire Bank, National Association CA First Security Bank of California, N.A.
Dec 3, 1990 Technicraft Incorporated Credit Union CT Dutch Point Credit Union
Dec 2, 1990 Citizens and Southern Financial Services, Incorporated SC The Citizens and Southern Corporation
Dec 2, 1990 Citizens and Southern Housing Corporation SC The Citizens and Southern Corporation
Dec 2, 1990 Citizens and Southern Realty Corporation SC The Citizens and Southern Corporation
Dec 2, 1990 Columbus Pepsi Cola Federal Credit Union OH Wright-Patt Credit Union, Inc.
Dec 1, 1990 The First National Bank of Enumclaw WA Puget Sound Bank
Dec 1, 1990 Unitech OK BancFirst
Dec 1, 1990 Rosendale Bancshares, Inc. WI M&I LLC
Dec 1, 1990 First Enumclaw Bancorporation WA Puget Sound Bancorp
Dec 1, 1990 Rosendale State Bank WI M&I Central State Bank
Dec 1, 1990 Southern Postal Cu GA Center Parc Credit Union
Dec 1, 1990 Bank of Peru NE MainStreet Bank
Dec 1, 1990 Pest Control Credit Union CA Sacramento Credit Union
Dec 1, 1990 Detroit Methodist Conference Credit Union MI Unity Credit Union
Dec 1, 1990 Chicago Commercial Credit Union IL South Division Credit Union
Dec 1, 1990 Chase Brass Employees Credit Union, Inc. OH Cardinal Credit Union, Inc.
Dec 1, 1990 Marion Va Hospital Credit Union IL Siu Credit Union
Dec 1, 1990 Whittier Citizens Credit Union CA South Western Federal Credit Union
Dec 1, 1990 Bristol Credit Union RI Peoples Credit Union
Dec 1, 1990 Breckinridge Teachers Credit Union KY Commonwealth Federal Credit Union
Dec 1, 1990 Farmers & Merchants Bank AR First Security Bank
Dec 1, 1990 First Family Credit Union IA Dutrac Community Credit Union
Dec 1, 1990 The First National Bank of Stoneboro PA Mercer County State Bank
Dec 1, 1990 First of America Bank - Oscoda MI First of America Bank - Mid Michigan, National Association
Nov 30, 1990 Farmers Bancorp of Sturgis, Inc. KY Integra Bank Corporation
Nov 30, 1990 Whitehall Bancorporation, Inc. MT Rocky Mountain Bancorporation, Inc.
Nov 30, 1990 Harlem Corporation MT Rocky Mountain Bancorporation, Inc.
Nov 30, 1990 Hudson Co C S No 1 Federal Credit Union NJ Ocnac No 1 Federal 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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