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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 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
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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