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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
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
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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