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
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
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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