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Mergers by Year

Bank Mergers in 1989

The Federal Reserve's National Information Center (NIC) recorded 971 merger records involving a bank, credit union or bank holding company in 1989. 439 had a bank as the acquired institution. Many acquired parties in this period are not classified as banks, credit unions or holding companies, so the bank count understates the year; the full list is below. NIC recorded 1,275 in 1988.

439
Banks acquired
NIC, banks as the acquired side
0
Credit unions merged
NIC, credit unions as the acquired side
113
Holding companies
Bank holding companies merged
971
All merger records
1989 in US banking ›

Largest bank mergers of 1989

Ranked by the acquired bank's total assets at its last call report before the effective date.

Effective Acquired bank State Assets Acquirer
Dec 31, 1989 Landmark SVG BK SSB LA — Oak Tree Federal Savings Bank
Dec 31, 1989 De Soto State Bank TX — Provident Bank - Dallas
Dec 31, 1989 Peoples State Bank IA — Peoples National Bank
Dec 31, 1989 The Security State Bank of Commerce TX — Provident Bank - Dallas
Dec 31, 1989 Provident Bank-Denton TX — Provident Bank - Dallas
Dec 31, 1989 Blue Earth State Bank MN — Midamerica Bank South
Dec 31, 1989 Heritage Federal Savings and Loan Association IL — Chester National Bank
Dec 31, 1989 Columbus Savings, a Federal Savings and Loan Association CA — Homefed Bank, Federal Association
Dec 31, 1989 First State Bank TX — Provident Bank - Dallas
Dec 30, 1989 Summit Bank of Hamilton County IN — Summit Bank of Indianapolis
Dec 30, 1989 Southeast Bank of Gainesville FL — Southeast Bank, N.A.
Dec 30, 1989 Southeast Bank for Savings, A FSB FL — Southeast Bank, N.A.
Dec 30, 1989 Dukedom Bank TN — Reelfoot Bank
Dec 30, 1989 Old Kent Bank-Northwest IL — Old Kent Bank, National Association
Dec 30, 1989 Hanover Bank of Florida FL — North Ridge Bank

Biggest bank failures by assets ›

Every merger recorded in 1989

971 NIC merger records in 1989 involve a bank, credit union or bank holding company on at least one side, newest first.

Date Acquired institution State Acquirer
Dec 31, 1989 Landmark SVG BK SSB LA Oak Tree Federal Savings Bank
Dec 31, 1989 SCN Leasing Corporation SC Wachovia Bank of South Carolina, National Association
Dec 31, 1989 First Bank of America, Inc. IN First National Bankshares, Inc
Dec 31, 1989 Jayhawk Wildcatters KS Berco, Inc.
Dec 31, 1989 Central Bancorporation, Inc. MN Minnesota Bancshares, Inc.
Dec 31, 1989 First Continental Leasing Corporation MS Cadence Bank
Dec 31, 1989 UBS Holding Company, Inc. WV United Bankshares, Inc.
Dec 31, 1989 SCN Mortgage Corporation SC Wachovia Bank of South Carolina, National Association
Dec 31, 1989 Potwin Financial Corporation KS Emprise Financial Corporation
Dec 31, 1989 K & B Producers, Inc. KS Emprise Financial Corporation
Dec 31, 1989 Council Grove Banc Shares, Inc. KS Emprise Financial Corporation
Dec 31, 1989 Peoples State Bank IA Peoples National Bank
Dec 31, 1989 Columbus Savings, a Federal Savings and Loan Association CA Homefed Bank, Federal Association
Dec 31, 1989 The Security State Bank of Commerce TX Provident Bank - Dallas
Dec 31, 1989 C F C O Federal Credit Union CO Consolidated Federal Credit Union
Dec 31, 1989 De Soto State Bank TX Provident Bank - Dallas
Dec 31, 1989 Provident Bank-Denton TX Provident Bank - Dallas
Dec 31, 1989 First State Bank TX Provident Bank - Dallas
Dec 31, 1989 Heritage Federal Savings and Loan Association IL Chester National Bank
Dec 31, 1989 Treasure Valley Teachers State Credit Union ID Capital Educators Federal Credit Union
Dec 31, 1989 Blue Earth State Bank MN Midamerica Bank South
Dec 31, 1989 Chester Self Reliance Federal Credit Union PA Sun East Federal Credit Union
Dec 31, 1989 Carpenters 104 Federal Credit Union OH Heartland Federal Credit Union
Dec 30, 1989 Dukedom Bank TN Reelfoot Bank
Dec 30, 1989 Key Advisory Services, Inc. NY Key Bancshares of New York Inc.
Dec 30, 1989 City Bancshares, Inc. MO UMB Financial Corporation
Dec 30, 1989 Old Kent Bank-Northwest IL Old Kent Bank, National Association
Dec 30, 1989 Summit Bank of Hamilton County IN Summit Bank of Indianapolis
Dec 30, 1989 Southeast Bank for Savings, A FSB FL Southeast Bank, N.A.
Dec 30, 1989 Southeast Bank of Gainesville FL Southeast Bank, N.A.
Dec 30, 1989 Barbers Local 651 Federal Credit Union LA Wesla Federal Credit Union
Dec 30, 1989 Hanover Bank of Florida FL North Ridge Bank
Dec 29, 1989 Mid-Cities National Bank CA Huntington National Bank
Dec 29, 1989 NS Realty Investments of Florida, Inc. NC Barclays Bank of North Carolina
Dec 29, 1989 Barclays Bank of North Carolina-Colorado, Inc. NC Barclays Bank of North Carolina
Dec 29, 1989 First Banc Securities Inc WV Huntington Bancshares West Virginia, Inc.
Dec 29, 1989 Plano National Bank TX Promenade National Bank
Dec 22, 1989 Southwest Financial Corporation KS Fourth Financial Corporation
Dec 20, 1989 MBC Mortgage Company CA Modesto Banking Company
Dec 18, 1989 Blackstone Valley Credit Union MA Webster First Federal Credit Union
Dec 17, 1989 Ameritrust Bank, Morgan County IN Ameritrust National Bank, Central Indiana
Dec 16, 1989 The First National Bank of Villa Grove IL Villa Grove State Bank
Dec 16, 1989 Jefferson National Bank FL Jefferson Bank of Florida
Dec 16, 1989 Northshore Credit Union MA Central One Federal Credit Union
Dec 16, 1989 Irving Trust Company California CA The Bank of New York Mellon Trust Company, N.A.
Dec 16, 1989 Western Greenbrier National Bank WV Greenbrier Valley National Bank
Dec 15, 1989 The First National Bank of Schulenburg TX Victoria Bank & Trust Company - Central
Dec 15, 1989 Rli Credit Union TX Neighborhood Credit Union
Dec 15, 1989 The First National Bank of Nordheim TX Victoria Bank & Trust Company - Central
Dec 15, 1989 Bank of Karnes County TX Victoria Bank & Trust Company - Central

Bank mergers by year

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Year Merger records
2026 360
2025 433
2024 314
2023 363
2022 432
2021 437
2020 437
2019 547
2018 643
2017 608
2016 655
2015 766

Source: Federal Reserve National Information Center (NIC) transformations, type "merger". A record counts when a bank, credit union or bank holding company is on at least one side. NIC also logs internal consolidations, such as a subsidiary bank folded into a sister bank, so a record is not always an arm's-length deal. Asset figures come from FFIEC call reports (banks) and NCUA 5300 call reports (credit unions). Credit union mergers appear in the NIC records from 2013 on.

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