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 | Assets |
|---|---|---|
| Feb 23, 1990 | Imperial Federal Savings Assoc. | $9.58B |
| Feb 23, 1990 | Mercury Savings | $2.16B |
| Feb 23, 1990 | First Atlantic S & La | $1.30B |
| Feb 23, 1990 | Texasbanc Savings | $248.8M |
| Feb 23, 1990 | Provident Sa | $244.9M |
| Feb 23, 1990 | Nowlin Sa | $200.5M |
| Feb 23, 1990 | Vanguard SB | $176.9M |
| Feb 23, 1990 | Frontier FS & La | $146.9M |
| Feb 23, 1990 | Community Federal Savings Bank | $112.0M |
| Feb 23, 1990 | First Standard Fed. Savings Assoc. | $77.6M |
| Feb 23, 1990 | First Federal Sav. ASSOC./BLUEFIELD | $39.3M |
| Feb 23, 1990 | The Bank of Ruidoso | $27.8M |
| Feb 23, 1990 | Greenwood FS & La | $26.7M |
| Feb 23, 1990 | The Red River Bank | $6.5M |
| Feb 22, 1990 | The First State Bank of Regent | $9.7M |
| Feb 21, 1990 | The Ben Franklin FS & La | $4.62B |
| Feb 16, 1990 | Franklin FSA | $9.26B |
| Feb 16, 1990 | Great American FS & La | $1.01B |
| Feb 16, 1990 | State FS & La | $526.3M |
| Feb 16, 1990 | Western Empire FS & La | $406.6M |
| Feb 16, 1990 | Freedom Sa | $360.4M |
| Feb 16, 1990 | Heritage FSB | $225.0M |
| Feb 16, 1990 | Equitable S & La, F.A. | $73.2M |
| Feb 16, 1990 | Fidelity Savings Bank | $16.3M |
| Feb 15, 1990 | Huffman Bank | $22.0M |
| Feb 15, 1990 | Northway National Bank | $19.1M |
| Feb 15, 1990 | Gateway National Bank | $8.6M |
| Feb 9, 1990 | Abq Bank, a FSB | $2.02B |
| Feb 9, 1990 | American Federal Savings Assoc. | $910.7M |
| Feb 9, 1990 | Vermont Sa | $334.9M |
| Feb 9, 1990 | Huntington FS & La | $120.4M |
| Feb 9, 1990 | Liberty Savings Bank FSB | $49.5M |
| Feb 9, 1990 | Fairmont Federal Savings Assoc. | $46.0M |
| Feb 8, 1990 | The First National Bank of Colbert | $17.9M |
| Feb 2, 1990 | Centrust Bank, SB | $8.22B |
| Feb 2, 1990 | Pioneer Savings Bank, FSB | $1.94B |
| Feb 2, 1990 | Clyde FS & La | $574.7M |
| Feb 2, 1990 | Sentinel FS & La | $174.9M |
| Feb 2, 1990 | Henderson Home S & La | $50.4M |
| Feb 2, 1990 | Citizens National Bank of Walnut Ridge | $37.5M |
| Feb 2, 1990 | Commerce Bank of Tampa | $21.6M |
| Feb 1, 1990 | Tyler National Bank | $24.7M |
| Jan 31, 1990 | Merabank FSB | $6.32B |
| Jan 26, 1990 | Monroe Savings Bank, FSB | $520.6M |
| Jan 26, 1990 | Banctexas Dallas, N.A. | $340.9M |
| Jan 26, 1990 | Williamsburg FS & La | $310.5M |
| Jan 26, 1990 | Colonial S & La | $170.9M |
| Jan 26, 1990 | First Savings Assoc. | $113.4M |
| Jan 26, 1990 | Creditbank | $76.4M |
| Jan 26, 1990 | Palo Duro FS & La | $65.0M |
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 | Acquirer |
|---|---|---|
| Aug 13, 1990 | Texas Commerce Bank - Conroe, National Association | Chase Bank of Texas, National Association |
| Aug 13, 1990 | Texas Commerce Bank - Sugarland, National Association | Chase Bank of Texas, National Association |
| Aug 12, 1990 | Tri City Service Corporation | Tri City Bankshares Corporation |
| Aug 11, 1990 | Tri City National Bank of Brookfield | Tri City National Bank |
| Aug 11, 1990 | Tri City National Bank of Menomonee Falls | Tri City National Bank |
| Aug 11, 1990 | Tri City National Bank of Hales Corners | Tri City National Bank |
| Aug 11, 1990 | Tri City National Bank of West Allis | Tri City National Bank |
| Aug 11, 1990 | Tri City National Bank of Brown Deer | Tri City National Bank |
| Aug 11, 1990 | USTrust | USTrust |
| Aug 10, 1990 | Rockfish Credit Union | Members Credit Union |
| Aug 10, 1990 | Victoria Bank & Trust Company - Central | Norwest Bank Texas, South Central |
| Aug 10, 1990 | Victoria Bank & Trust Company - West | Norwest Bank Texas, South Central |
| Aug 7, 1990 | Pattern & Foundry Federal Credit Union | Sunmark Credit Union |
| Aug 6, 1990 | Chemical Bank Texas, National Association | Texas Commerce Bank, National Association |
| Aug 1, 1990 | Auto Accessories Credit Union, Inc. | Lormet Community Federal Credit Union |
| Aug 1, 1990 | Dairy Equipment Credit Union | Members First Credit Union |
| Aug 1, 1990 | First American Kentucky Bancorp, Inc. | Community Trust Bancorp, Inc. |
| Aug 1, 1990 | Hallam Bancorp, Inc. | First State Holding Co. |
| Aug 1, 1990 | Public Health Credit Union | The Focus Federal Credit Union |
| Aug 1, 1990 | Entex Empl Cu | United Energy Credit Union |
| Aug 1, 1990 | Southern Nevada State Savings and Credit Union | WestStar Credit Union |
| Aug 1, 1990 | Trust Company of Troup County | SunTrust Bank, West Georgia, National Association |
| Aug 1, 1990 | Marion County Savings and Loan Association | Great Financial Bank, FSB |
| Aug 1, 1990 | Employees Credit Association Credit Union | Genisys Credit Union dba Genisys Investment Services |
| Aug 1, 1990 | Knox County Schools Employees Credit Union | Heritage Credit Union |
| Aug 1, 1990 | Perth Amboy Postal Employees Credit Union | Raritan Bay Federal Credit Union |
| Aug 1, 1990 | Dayton Newspapers-Whio Federal Credit Union | Triangle Credit Union, Inc. |
| Aug 1, 1990 | Pacific First Bank, a Federal Savings Bank Washington | Pacific First Bank, a Federal Savings Bank |
| Aug 1, 1990 | Jasper County Savings and Loan Association | First Community Bank, National Association |
| Aug 1, 1990 | Hopkins Savings and Loan Association | Federated Bank, S.S.B. |
| Aug 1, 1990 | The Farmers and Citizens State Bank | Bank One, West Virginia, Charleston, National Association |
| Aug 1, 1990 | Valley Bank | Bellingham Bank |
| Aug 1, 1990 | The Guaranty Bond State Bank of Waller | First Bank Katy, National Association |
| Aug 1, 1990 | The Peoples Bank | Peoples Bank |
| Aug 1, 1990 | Trust Company Bank of Douglas County | Suntrust Bank |
| Aug 1, 1990 | Second Pilgrim Federal Credit Union | Viriva Community Credit Union |
| Aug 1, 1990 | Z R D C Credit Union | Access Credit Union |
| Aug 1, 1990 | First of America Bank - West Branch | First of America Bank - Mid Michigan, National Association |
| Aug 1, 1990 | Hallam Bank | Saline State Bank |
| Aug 1, 1990 | M&I Northern National Bank | M&I Merchants Bank |
| Aug 1, 1990 | M&I Bank of Westfield | M&I Peoples Bank |
| Aug 1, 1990 | M&I Bank of Adams-Friendship | M&I Peoples Bank |
| Aug 1, 1990 | O.L. of a Federal Credit Union | Viriva Community Credit Union |
| Jul 31, 1990 | Iola Bancshares, Inc. | Team Financial, Inc. |
| Jul 31, 1990 | Valley Ag Credit Corp | PV Financial |
| Jul 31, 1990 | Greater Pennsylvania Savings Association | American Savings Bank |
| Jul 31, 1990 | Cal Berkeley Federal Credit Union | Cooperative Center Federal Credit Union |
| Jul 31, 1990 | Seasha Fcu | Tuskegee Federal Credit Union |
| Jul 30, 1990 | Farmers Savings Bank | Bank Iowa |
| Jul 28, 1990 | Maximum Savings Bank Federal Savings Bank | Columbia First Bank, a Federal Savings Bank |
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 | Assets |
|---|---|---|
| Sep 12, 1990 | The Pawnee National Bank | $14.2M |
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