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.
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 | Assets | Acquirer |
|---|---|---|---|
| Dec 31, 1989 | Landmark SVG BK SSB | — | Oak Tree Federal Savings Bank |
| Dec 31, 1989 | De Soto State Bank | — | Provident Bank - Dallas |
| Dec 31, 1989 | Peoples State Bank | — | Peoples National Bank |
| Dec 31, 1989 | The Security State Bank of Commerce | — | Provident Bank - Dallas |
| Dec 31, 1989 | Provident Bank-Denton | — | Provident Bank - Dallas |
| Dec 31, 1989 | Blue Earth State Bank | — | Midamerica Bank South |
| Dec 31, 1989 | Heritage Federal Savings and Loan Association | — | Chester National Bank |
| Dec 31, 1989 | Columbus Savings, a Federal Savings and Loan Association | — | Homefed Bank, Federal Association |
| Dec 31, 1989 | First State Bank | — | Provident Bank - Dallas |
| Dec 30, 1989 | Summit Bank of Hamilton County | — | Summit Bank of Indianapolis |
| Dec 30, 1989 | Southeast Bank of Gainesville | — | Southeast Bank, N.A. |
| Dec 30, 1989 | Southeast Bank for Savings, A FSB | — | Southeast Bank, N.A. |
| Dec 30, 1989 | Dukedom Bank | — | Reelfoot Bank |
| Dec 30, 1989 | Old Kent Bank-Northwest | — | Old Kent Bank, National Association |
| Dec 30, 1989 | Hanover Bank of Florida | — | North Ridge Bank |
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 | Acquirer |
|---|---|---|
| Jul 1, 1989 | Alpena Catholic Credit Union | Thunder Bay Area Credit Union |
| Jul 1, 1989 | Eltra Die Cast Federal Credit Union | McHenry County Federal Credit Union |
| Jul 1, 1989 | Galaxy Carpet Mills Fcu | Comtrust Federal Credit Union |
| Jul 1, 1989 | The Amsterdam State Bank | Unibank |
| Jul 1, 1989 | Termaco Credit Union | Carolina Cooperative Federal Credit Union |
| Jul 1, 1989 | West Grand River Community Credit Union | Route 31 Federal Credit Union |
| Jul 1, 1989 | Ymca Federal Credit Union | Coastway Community Bank |
| Jul 1, 1989 | Shannon Credit Union | Qualtrust Credit Union |
| Jul 1, 1989 | Kanawha Union Bank | United National Bank - Central |
| Jul 1, 1989 | Lincolnway State Bank | First Bank South |
| Jul 1, 1989 | Hoechst Celanese Employees Federal Credit Union | Sharonview Federal Credit Union |
| Jul 1, 1989 | DH Holmes Federal Credit Union | Onpath Federal Credit Union |
| Jul 1, 1989 | Wabash Sylvania Employees Federal Credit Union | Palco Federal Credit Union |
| Jul 1, 1989 | Bank One, Clintonville, National Association | First State Bank |
| Jul 1, 1989 | Midlantic National Bank/South | (unnamed) |
| Jul 1, 1989 | Ed Med Credit Union | Summit Credit Union |
| Jul 1, 1989 | Fort Carson National Bank | Armed Forces Bank, N.A. |
| Jul 1, 1989 | Temporaries Federal Credit Union | Infirst Federal Credit Union |
| Jul 1, 1989 | The Peoples State Bank of Caro, Michigan | Chemical Bank Bay Area |
| Jul 1, 1989 | The Cass City State Bank | Chemical Bank Bay Area |
| Jul 1, 1989 | Sears Atlanta Empl Fcu | Lge Community Credit Union |
| Jul 1, 1989 | Elk National Bank | United Bank |
| Jul 1, 1989 | Billings Conoco Credit Union | Valley Financial Credit Union |
| Jul 1, 1989 | Southpark National Bank of The Quad Cities | First of America Bank-Quad Cities, National Association |
| Jul 1, 1989 | Ohio Valley National Bank of Vienna | United Bank |
| Jul 1, 1989 | The First National Bank of Jessup | First Liberty Bank & Trust |
| Jul 1, 1989 | First South Bank | Century South Bank of Central Georgia, National Association |
| Jul 1, 1989 | First of America Bank-Mid-Michigan | First of America Bank - Mid Michigan, National Association |
| Jul 1, 1989 | Midlantic National Bank/Merchants | (unnamed) |
| Jul 1, 1989 | Eggers Employees Credit Union | Riverwood-Maritime Credit Union |
| Jul 1, 1989 | Huron County Bank | Chemical Bank Bay Area |
| Jul 1, 1989 | Webster County National Bank | United National Bank - Central |
| Jul 1, 1989 | St. Peter and Paul Parish Credit Union | 1st City Credit Union |
| Jul 1, 1989 | Eis Employees Credit Union | Dutch Point Credit Union |
| Jul 1, 1989 | Ocean Products Fcu | Trax Federal Credit Union |
| Jul 1, 1989 | Ideal Credit Union | West Virginia Central Federal Credit Union |
| Jul 1, 1989 | Mount Carroll National Bank | First Bank North |
| Jul 1, 1989 | Wood River Hospital Credit Union | Midwest Members Credit Union |
| Jul 1, 1989 | Illinois Central East St. Louis Credit Union | Midwest Members Credit Union |
| Jul 1, 1989 | First National Bank of Freeport | First Bank North |
| Jul 1, 1989 | Brownbilt Credit Union | First Missouri Credit Union |
| Jul 1, 1989 | The Polo National Bank | First Bank South |
| Jul 1, 1989 | First National Bank of Morton | First of America Bank-Illinois, National Association |
| Jul 1, 1989 | Key Atlantic Bancorp | Keycorp |
| Jul 1, 1989 | Granite Bank | Granite Bank, National Association |
| Jul 1, 1989 | Danco, Inc. | Valley Bancshares, Inc. |
| Jul 1, 1989 | Lee County Bancorp., Inc. | Lee Capital Corp. |
| Jul 1, 1989 | Humboldt Investment Corp. | Bank Iowa Corporation |
| Jul 1, 1989 | Sullivan Community Credit Union | South Community Credit Union |
| Jul 1, 1989 | Brenton INS. Ag of Eagle Grove Inc | Brenton Bank and Trust Company |
Bank mergers by year
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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