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
Dec 28, 1990	Capitol Bank and Trust Company	Boston, MA	$485.6M	—
Dec 28, 1990	Southern FS	New Orleans, LA	$230.8M	Branch sale
Dec 28, 1990	First FS & La of Andalusia	Andalusia, AL	$38.7M	Colonial Bank
Dec 27, 1990	Enterprise Savings Bank, F.A.	Chicago, IL	$432.6M	United FB
Dec 21, 1990	Arkansas FSB	Little Rock, AR	$71.7M	Branch sale
Dec 15, 1990	Mid-America FS & La	Columbus, OH	$1.21B	NBD Bank
Dec 14, 1990	Community FS & La	St. Louis, MO	$1.98B	Boatmen's Bancshares, Inc.
Dec 14, 1990	Comfed Savings Bank	Lowell, MA	$1.40B	Branch sale
Dec 14, 1990	Olympic Federal Savings	Berwyn, IL	$1.05B	Branch sale
Dec 14, 1990	Home Federal Bank for Savings	Waukegan, IL	$348.1M	First of Amer. BK-N.E. Il
Dec 14, 1990	Frontier Savings Association	Las Vegas, NV	$252.4M	Bank of America, NV
Dec 14, 1990	Empire Savings Bank	Hammonton, NJ	$219.3M	United Jersey BANK/SO., N.A.
Dec 14, 1990	First Commercial Bank of Florida	Boca Raton, FL	$171.6M	Bank of North America
Dec 14, 1990	Far Western Bank	Tustin, CA	$154.3M	—
Dec 14, 1990	Old Borough Savings & Loan	Trenton, NJ	$133.5M	New Jersey NB
Dec 14, 1990	Peoples State Bank	Dallas, TX	$30.3M	Comerica Bank - Texas
Dec 14, 1990	The State Bank of Omaha	Omaha, TX	$20.5M	The First National Bank of
Dec 13, 1990	Washington County State Bank	Brenham, TX	$77.7M	Channelview Bank
Dec 13, 1990	Bank of Commerce	Alexandria, LA	$19.6M	The Evangeline Bank and Tru
Dec 13, 1990	First State Bank	Lexington, OK	$7.5M	The McClain County National
Dec 12, 1990	New England Allbank for Savings	Gardner, MA	$173.3M	Worcester County Institutio
Dec 7, 1990	Central Federal Savings	Mineola, NY	$890.8M	Chemical Bank
Dec 7, 1990	First Federal Savings	Raleigh, NC	$520.4M	Branch sale
Dec 7, 1990	Andrews Savings & Loan Assoc.	Andrews, TX	$126.1M	Branch sale
Dec 7, 1990	Texarkana FS & La	Texarcana, AR	$40.4M	Citizens NB
Dec 7, 1990	Heights Bank	Harker Heights, TX	$28.8M	Heights State Bank
Dec 7, 1990	First National Bank of Rowlett	Rowlett, TX	$20.5M	U.S. Trust Company of Texas
Dec 6, 1990	Douglas County National Bank	Parker, CO	$5.4M	City Center National Bank
Nov 30, 1990	San Jacinto Savings	Houston, TX	$2.87B	United Sa of TX, FSB
Nov 30, 1990	Edison FSA	New York, NY	$140.1M	Flushing SB
Nov 30, 1990	First Sa	Paragould, AR	$64.1M	Peoples Bank
Nov 30, 1990	First FSA of Nacogdoches	Nacogdoches, TX	$61.9M	Citizens Bank
Nov 30, 1990	First Southwest FS & La	Tyler, TX	$51.2M	Citizens Bank
Nov 30, 1990	Atascosa Sa	Jourdanton, TX	$34.7M	Deposit payout
Nov 30, 1990	Tuskegee S & La	Tuskegee, AL	$31.8M	First Tuskegee Bank
Nov 30, 1990	Boundary Waters State Bank	Ely, MN	$13.4M	Stearns County National Ban
Nov 29, 1990	Bank of Arlington	Arlington, TX	$63.6M	Bank One, Texas, National a
Nov 29, 1990	Farmers State Bank of Madisonvillle	Madisonville, TX	$34.8M	First Bank
Nov 16, 1990	Southeastern Savings Bank	Charlotte, NC	$422.3M	Branch sale
Nov 16, 1990	First Federal Savings Assoc.	Las Vegas, NM	$55.4M	Bank of NM, & Las Vegas
Nov 16, 1990	Liberty Federal Savings Bank	Montebello, CA	$53.8M	Commerce NB
Nov 15, 1990	Action Federal Savings	Sommers Point, NJ	$262.0M	First FSB of DE
Nov 15, 1990	Western Bank	Duncanville, TX	$39.8M	Western Bank & Trust
Nov 9, 1990	Florida Federal Savings Bank	St. Petersburg, FL	$4.12B	First Union Corp.
Nov 9, 1990	Freedom National Bank of New York	New York, NY	$110.4M	—
Nov 9, 1990	Louisiana Federal Savings Bank	Kenner, LA	$58.8M	Deposit payout
Nov 9, 1990	Executive Banc Sa	New Braunfels, TX	$16.2M	Victoria B&TC
Nov 2, 1990	Riverside Savings Bank	Riverside, NJ	$177.8M	Branch sale
Nov 2, 1990	Boonslick S & La	Boonville, MO	$70.2M	Branch sale
Nov 2, 1990	Desoto FS & La	Mansfield, LA	$63.9M	Deposit payout

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
Sep 1, 1990	Huntington Bank of Campbell County, Inc.	KY	The Huntington National Bank of Kentucky
Sep 1, 1990	Appleton Teachers Credit Union	WI	Fox Communities Credit Union
Sep 1, 1990	Laborers 1177 Cu	LA	Formation Federal Credit Union
Sep 1, 1990	Huntington National Bank of Boone County	KY	The Huntington National Bank of Kentucky
Sep 1, 1990	First National Bank of Weirton	WV	United National Bank - North
Sep 1, 1990	Wolf Envelope Employees Credit Union, Inc.	OH	Firefighters Community Cu
Sep 1, 1990	NBD Sandusky Bank	MI	Bank One, Michigan
Sep 1, 1990	NBD Saginaw	MI	Bank One, Michigan
Sep 1, 1990	NBD Genesee Bank	MI	Bank One, Michigan
Sep 1, 1990	First of America Bank - Lewiston	MI	First of America Bank - Northern Michigan
Sep 1, 1990	TN Mill Empl Cu	TN	Y-12 Federal Credit Union
Sep 1, 1990	NBD Alpena Bank	MI	Bank One, Michigan
Sep 1, 1990	Americana State Bank	MN	Excel Bank Minnesota
Sep 1, 1990	Albany First Federal Savings and Loan Association	GA	SunTrust Bank, South Georgia, National Association
Sep 1, 1990	Pearl River Valley Fcu	LA	Zellco Federal Credit Union
Sep 1, 1990	Global Savings Bank, Federal Savings Bank	CA	United Commercial Bank
Sep 1, 1990	Northern California Grocers Association Credit Union	CA	S a F E Credit Union
Sep 1, 1990	First Federal Savings and Loan Association of Kendallville	IN	Peoples Federal Savings Bank of DeKalb County
Sep 1, 1990	Schmidt's Employees Credit Union	MN	Ideal Credit Union
Sep 1, 1990	Americana State Bank of Hayward	MN	Excel Bank Minnesota
Sep 1, 1990	Librascope Employees Credit Union	CA	Logix Federal Credit Union
Sep 1, 1990	T M Employees Credit Union	IL	Alero Financial Credit Union
Sep 1, 1990	Hartford Community Credit Union	WI	Glacier Hills Credit Union
Aug 31, 1990	Burnett State Bank	WI	Horicon Bank
Aug 31, 1990	First Canyon Bancorporation, Inc.	TX	First Canyon Bancorporation, Inc.
Aug 31, 1990	First Borger Bancshares, Inc.	TX	First Borger Bancshares, Inc.
Aug 31, 1990	Citizens National Corporation	IN	Ambanc Corp.
Aug 31, 1990	Sangamon County Credit Union	IL	Sangamo Chapter Credit Union
Aug 31, 1990	Delta Valley Federal Credit Union	LA	Shreveport Federal Credit Union
Aug 31, 1990	Cissell Credit Union	KY	Advanz Federal Credit Union
Aug 30, 1990	Bancboston Securities, Inc.	MA	Bankboston Corporation
Aug 27, 1990	Nine Lives Federal Credit Union	NC	First Flight Federal Credit Union
Aug 24, 1990	La Jolla Bank & Trust Company	CA	(unnamed)
Aug 24, 1990	Mother Lode Savings Bank	CA	U.S. Bank of California
Aug 23, 1990	First Banker's Mortgage Company	CA	La Jolla Bank & Trust Company
Aug 23, 1990	H.D. McNee Realty Advisors, Inc.	CA	La Jolla Bank & Trust Company
Aug 23, 1990	La Jolla Realty Capital Corporation	CA	La Jolla Bank & Trust Company
Aug 23, 1990	LJ Mortgage Company	CA	La Jolla Bank & Trust Company
Aug 23, 1990	Westbrook-Darfur State Bank	MN	Bank Midwest of Cottonwood County
Aug 20, 1990	Woodhull State Bank	IL	The Farmers National Bank of Geneseo
Aug 20, 1990	Boatmen's National Bank of Neosho	MO	Boatmen's Bank of Southwest Missouri
Aug 20, 1990	State Bank of Campbell	MO	First Community Bank, Missouri
Aug 18, 1990	Valley Bank Port Washington (National Association)	WI	Valley Bank
Aug 18, 1990	Bank One, Neenah, National Association	WI	Bank One, Appleton, National Association
Aug 16, 1990	Illini Bancshares, Inc.	IL	Raymond Bancorp, Inc.
Aug 15, 1990	NBC No. 700 Employees Federal Credit Union	NY	Matteawan Federal Credit Union
Aug 15, 1990	New York State Federation of Police Federal Credit Union	NY	Educational and Governmental Employees Federal Credit Union
Aug 15, 1990	Murray School District Credit Union	UT	Granite Federal Credit Union
Aug 14, 1990	Morgan Credit Union, Inc.	OH	Buckeye State Credit Union, Inc.
Aug 13, 1990	Texas Commerce Bank - Friendswood	TX	Chase Bank of Texas, National Association

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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