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
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 |
|---|---|---|
| Jun 30, 1989 | Local 41 Painters & Allied Trades Federal Credit Union | Ufcw Community Federal Credit Union |
| Jun 30, 1989 | Gardner Bancorp, Inc. | Standard Bancshares, Inc., a Delaware Corporation |
| Jun 30, 1989 | Armistead Homes Federal Credit Union | Central Credit Union of Maryland |
| Jun 30, 1989 | Clear Creek Credit Union | Credit Union of the Rockies |
| Jun 30, 1989 | Smithsonian Institute Employees Federal Credit Union | Agriculture Federal Credit Union |
| Jun 30, 1989 | Weslock Employees Credit Union | Star Harbor Federal Credit Union |
| Jun 30, 1989 | Mid Peninsula Gardeners Credit Union | Monterra Credit Union |
| Jun 30, 1989 | First Trust and Savings Bank | United Bank of Iowa |
| Jun 30, 1989 | Auto Pro Federal Credit Union | Patriots Federal Credit Union |
| Jun 30, 1989 | Landmark National Federal Credit Union | American First Credit Union |
| Jun 30, 1989 | South Coast Medical Center Federal Credit Union | Patriots Federal Credit Union |
| Jun 29, 1989 | Citizens Fidelity (Ohio), N.A. | PNC Bank, Ohio, National Association |
| Jun 29, 1989 | The Chattahoochee Bank | The Chattahoochee Bank |
| Jun 28, 1989 | Locust Point Building and Loan Association | Hopkins Federal Savings Bank |
| Jun 27, 1989 | F.W.M.G. | Firstar Corporation of Minnesota |
| Jun 26, 1989 | Local 66 Credit Union | Citizens Community Credit Union |
| Jun 26, 1989 | Security Bancshares, Inc. | Gallatin/new Hampton Bancshares, Inc. |
| Jun 26, 1989 | First of America Bank-Petoskey, National Association | First of America Bank - Northern Michigan |
| Jun 26, 1989 | (unnamed) | Bank of Gallatin/First State Bank |
| Jun 24, 1989 | Mount Calvary State Bank | National Exchange Bank and Trust |
| Jun 24, 1989 | Pioneer Savings Bank, Savings Association | TCF National Bank Wisconsin |
| Jun 24, 1989 | State Bank of Lima | (unnamed) |
| Jun 24, 1989 | United Association Federal Credit Union | Charter Oak Federal Credit Union |
| Jun 23, 1989 | C.D.P.E. Federal Credit Union | Franklin Mint Federal Credit Union |
| Jun 23, 1989 | SouthTrust Bank of Andalusia, National Association | SouthTrust Bank of Covington County, National Association |
| Jun 23, 1989 | Rubber Workers Credit Union | Wheatland Federal Credit Union |
| Jun 23, 1989 | Wal Federal Credit Union | Tremont Credit Union |
| Jun 23, 1989 | Perry Hall Building and Loan Association | Baltimore County Savings Bank |
| Jun 22, 1989 | Chilton Empl Cu | LegacyTexas Bank |
| Jun 21, 1989 | Putty Hill Permanent Building Association | Sequoia Bank |
| Jun 20, 1989 | Selig of Monroe Federal Credit Union | Sevenfold Federal Credit Union |
| Jun 19, 1989 | Citizens Alliance Building Association | Kosciuszko Federal Savings Bank |
| Jun 17, 1989 | Mid-West Federal Savings Bank | First Indiana Bank, National Association |
| Jun 17, 1989 | Land of Lincoln Savings and Loan Association | Household Bank, F.S.B. |
| Jun 17, 1989 | First State Bank of Carrollton, Alabama | West Alabama Bank & Trust |
| Jun 16, 1989 | Allied Services Federal Credit Union | Penn East Federal Credit Union |
| Jun 16, 1989 | Parkwood Building and Loan Association | Homewood Federal Savings Bank |
| Jun 16, 1989 | Valley National Bank | First Seneca Bank |
| Jun 16, 1989 | Mutual Local No 7 Credit Union | West Denver Community Credit Union |
| Jun 15, 1989 | Smith - Nielsen Incorporated | Anita Bancorporation |
| Jun 13, 1989 | Homewood Holdings, Inc. | Great Lakes Financial Resources, Inc. |
| Jun 13, 1989 | Springs Employees Federal Credit Union | Superior Credit Union |
| Jun 12, 1989 | Slayton Bancshares, Inc. | Bank Southwest Corporation |
| Jun 10, 1989 | American State Bank | (unnamed) |
| Jun 10, 1989 | Bank of Redlands | Community Bank |
| Jun 10, 1989 | United Illinois Bank of Cobden | United Illinois Bank of Southern Illinois |
| Jun 10, 1989 | United Illinois Bank of Dahlgren | United Illinois Bank of Southern Illinois |
| Jun 9, 1989 | FBC Bancshares, Inc. | Mid Am, Inc. |
| Jun 6, 1989 | Cypress Gardens Empl Credit Union | Floridacentral Credit Union |
| Jun 6, 1989 | Albany Va Hospital Federal Credit Union | Advantage Financial Federal Credit Union |
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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