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
Jan 26, 1990	Fidelity Bank, N.A.	San Antonio, TX	$36.6M	Texas Commerce Bank - San a
Jan 26, 1990	Grand Prairie FS & La	Stuttgart, AR	$31.5M	Deposit payout
Jan 26, 1990	Uvalde FS & La	Uvalde, TX	$13.3M	Deposit payout
Jan 25, 1990	Farmers State Bank of Shiro, Texas	Shiro, TX	$4.6M	The First National Bank of
Jan 24, 1990	Empire of America FSB	Buffalo, NY	$8.17B	Branch sale
Jan 18, 1990	Duval Federal Savings Assn.	Jacksonville, FL	$1.02B	Branch sale
Jan 18, 1990	Gem City FS & La	Quincy, IL	$290.4M	Branch sale
Jan 18, 1990	Colonial Federal Savings Assoc.	Prairie Village, KS	$136.4M	First Colonial Bank N.A.
Jan 18, 1990	Marshall FS & La	Marshall, TX	$62.0M	Kilgore FS&LA
Jan 18, 1990	First Fed. Savings Assoc. of York	York, NE	$59.7M	First Trust Company of York
Jan 18, 1990	Karnes County FS & La	Karnes City, TX	$53.1M	Victoria B&TC
Jan 18, 1990	Frontier Federal Savings Bank	Belleville, IL	$45.3M	Union Bank of E. St. Louis
Jan 18, 1990	Brookhaven FS & La	Brookhaven, MS	$42.7M	Magnolia FB for Savings
Jan 18, 1990	Standard FSA	Houston, TX	$13.5M	Deposit payout
Jan 11, 1990	Atlantic Financial Savings	Bala Cynwyd, PA	$5.30B	Branch sale
Jan 11, 1990	Horizon Savings Bank, FSB	Wilmette, IL	$1.22B	Branch sale
Jan 11, 1990	Investment FS & La	Chatsworth, CA	$247.8M	Fidelity FB, FSB
Jan 11, 1990	Family Federal Savings	Dallas, OR	$164.2M	Washington FS&LA
Jan 11, 1990	St. Charles FSA	St. Charles, IL	$146.5M	Old Kent Bank, N.A.
Jan 11, 1990	Certified FSA	Georgetown, TX	$118.9M	Deposit payout
Jan 11, 1990	Deposit Trust Federal Savings	Monroe, LA	$98.0M	First Republic Bank
Jan 11, 1990	St. Louis County Savings Assoc.	Ferguson, MO	$85.8M	South Side NB in St. Louis
Jan 11, 1990	Wilshire FS & La	Los Angeles, CA	$78.1M	Deposit payout
Jan 11, 1990	American FSB	Sanford, ME	$51.8M	Branch sale
Jan 11, 1990	Financial FS & La	Fresno, CA	$31.2M	Deposit payout
Jan 11, 1990	Plaza Del Oro National Bank	Houston, TX	$15.7M	National Commerce Bank
Jan 4, 1990	Midwest Federal Savings Bank	Minot, ND	$955.0M	Branch sale
Jan 4, 1990	First Guaranty Bank for Savings	Hattiesburg, MS	$241.0M	Branch sale
Jan 4, 1990	First Central Federal Savings Bank	Chariton, IA	$112.8M	Branch sale
Jan 4, 1990	The First National Bank of San Marcos	San Marcos, TX	$77.6M	Victoria Bank & Trust Compa
Jan 4, 1990	Bannerbanc FS & La	Garland, TX	$46.0M	Colonial S&LA

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 1, 1990	Babw Federal Credit Union	PA	Apex Community Federal Credit Union
Jul 1, 1990	First Interstate Bank of Great Falls	MT	First Interstate Bank of Montana, National Association
Jul 1, 1990	First Interstate Bank of Glacier County	MT	First Interstate Bank of Montana, National Association
Jul 1, 1990	Society Bank, Angola, National Association	IN	Society National Bank, Indiana
Jul 1, 1990	Riverside Community Credit Union	WI	Fox Communities Credit Union
Jul 1, 1990	Galaxy Federal Credit Union	PA	Little Giant Federal Credit Union
Jul 1, 1990	Warren Bank	MI	Macomb Warren Bank
Jul 1, 1990	Mhi-Npes Fcu	FL	Tropical Financial Credit Union
Jul 1, 1990	Knights of Columbus of Western Michigan Federal Credit Union	MI	Credit Union One
Jul 1, 1990	Union Federal Savings Bank	IN	Union Federal Bank of Indianapolis
Jul 1, 1990	Greater Charlotte Federal Credit Union	NC	Alero Financial Credit Union
Jul 1, 1990	MSHD-VI Fcu	MS	Mississippi Department of Transportation Federal Credit Union
Jul 1, 1990	Lancaster County Employees Credit Union	PA	Lancaster Red Rose Credit Union
Jul 1, 1990	JWC Empl Fcu	FL	Gte Federal Credit Union dba Gte Financial
Jul 1, 1990	Society Bank, Knox	IN	Society National Bank, Indiana
Jul 1, 1990	California Conference Credit Union	CA	Interfaith Federal Credit Union
Jul 1, 1990	Georgetown National Bank	TX	Hartland Bank, National Association
Jul 1, 1990	CYS Federal Credit Union	MD	Nymeo Federal Credit Union
Jul 1, 1990	First of America Bank - Alpena	MI	First of America Bank - Northern Michigan
Jul 1, 1990	I.A.M. Lodge 758 Federal Credit Union	CA	Logix Federal Credit Union
Jul 1, 1990	Moore Fremont Federal Credit Union	OH	Fremont Federal Credit Union
Jul 1, 1990	Ibew 143 Credit Union	PA	Belco Community Credit Union
Jul 1, 1990	Muskegon Printing Industrial Employees Credit Union	MI	Family Financial Credit Union
Jul 1, 1990	Society Bank, Goshen	IN	Society National Bank, Indiana
Jul 1, 1990	Trustcorp of Florida N.A.	FL	Key Trust Company of Florida, N.A.
Jul 1, 1990	Contented Federal Credit Union	WA	Canopy Federal Credit Union
Jul 1, 1990	Century Bank	AZ	Residual Bank
Jul 1, 1990	Valley Financial Services, Inc.	IL	Illinois Banc One Corporation
Jul 1, 1990	Bank South Waycross, Inc.	GA	Bank South Corporation
Jul 1, 1990	Universal Bancorp	WV	Hometown Bancshares, Inc.
Jul 1, 1990	Bank South Macon, Inc.	GA	Bank South Corporation
Jul 1, 1990	Four Freedoms Federal Credit Union	PA	Pannonia Federal Credit Union
Jul 1, 1990	Nreca-Rochdale Federal Credit Union	DC	Agriculture Federal Credit Union
Jul 1, 1990	Border Credit Union	AZ	American Southwest Credit Union
Jul 1, 1990	E L C M Federal Credit Union	OH	Tri-State Federal Credit Union
Jul 1, 1990	Whiting Federal Credit Union	OH	Cinco Family Financial Center Credit Union
Jun 30, 1990	Williams Bros SVG & Ca Cu	GA	Georgia United Credit Union
Jun 30, 1990	Great American Bank, Federal Savings Bank	AZ	Great American Federal Savings Association
Jun 30, 1990	Bank IV Lenexa, National Association	KS	Bank IV Kansas City, National Association
Jun 30, 1990	Plaza National Bank	TX	Community Bank & Trust, S.S.B.
Jun 30, 1990	Octelco Credit Union, Inc.	OH	Desco Federal Credit Union
Jun 30, 1990	Pontiac Columbus Federal Credit Union	MI	Metro North Federal Credit Union
Jun 30, 1990	Hotel Inter-Continental Maui Federal Credit Union	HI	Valley Isle Community Federal Credit Union
Jun 30, 1990	Bank IV Corporate Woods, National Association	KS	Bank IV Kansas City, National Association
Jun 30, 1990	Vidor State Bank	TX	Community Bank & Trust, S.S.B.
Jun 30, 1990	First National Bank of Woodville	TX	Community Bank & Trust, S.S.B.
Jun 30, 1990	Warner Center Bank	CA	City National Bank
Jun 30, 1990	Equitable Bank, National Association	MD	Maryland National Bank
Jun 30, 1990	Eggers Industries Neenah Credit Union	WI	Lakeview Credit Union
Jun 30, 1990	Mayco L a Federal Credit Union	CA	First City 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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