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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
Jun 6, 1989 Pierce Agency, Inc. NM Citizens Bankshares, Inc.
Jun 5, 1989 International City Bancorp, Inc. GA Synovus Financial Corp.
Jun 4, 1989 First of America Bank-Mundelein, National Association IL First of America Bank-Illinois, National Association
Jun 4, 1989 First of America Bank - Grayslake, National Association IL First of America Bank-Illinois, National Association
Jun 3, 1989 St. Anthony Bancorporation, Inc. WI Firstar Corporation of Minnesota
Jun 1, 1989 Seagate Corporation SD Society Bank & Trust
Jun 1, 1989 Presbyterian Church Credit Union NM U.S. Eagle Federal Credit Union
Jun 1, 1989 Sterling Bank TX Sterling Bank
Jun 1, 1989 Press Publishing Credit Union WI Sheboygan Area Credit Union
Jun 1, 1989 Century Bank, National Association OK UMB Oklahoma Bank
Jun 1, 1989 Lima B & O Railroad Federal Credit Union OH Superior Credit Union Inc
Jun 1, 1989 Acclark Fcu GA Lge Community Credit Union
Jun 1, 1989 Freeman Credit Union WI Blackhawk Community Credit Union
Jun 1, 1989 BSB Bancorp IN Merchants National Corporation
Jun 1, 1989 Colorado F.L. & T. Credit Union CO Power Credit Union
Jun 1, 1989 First Federal Savings Bank WI First Federal Capital Bank
Jun 1, 1989 Western Superior Foley Credit Union MO Alltru Federal Credit Union
Jun 1, 1989 The Saint Peter and Paul Orthodox Credit Union MI Great Lakes Members Credit Union
Jun 1, 1989 Majestic Eagles Federal Credit Union DC District of Columbia Teachers Federal Credit Union
Jun 1, 1989 Holmes Baton Rouge Fcu LA Baton Rouge Telco Federal Credit Union
Jun 1, 1989 Business Mens Building Association MD The Washington Bank (Of Maryland)
Jun 1, 1989 Spartan Building and Loan Association MD York Federal Savings & Loan Association
Jun 1, 1989 Wartburg College Credit Union IA Veridian Credit Union
Jun 1, 1989 Community Businessmen Credit Union, Inc. OH Antioch Baptist Church Credit Union, Inc.
Jun 1, 1989 Holy Cross Parish Federal Credit Union TX Homeport Federal Credit Union
Jun 1, 1989 First Chicago Trust Company of New York NY First Chicago Trust Company of New York
Jun 1, 1989 First State Bank TX North Fort Worth Bank
Jun 1, 1989 H-H Employees Credit Union WI Dane County Credit Union
May 31, 1989 Custer County Community Federal Credit Unin MT Miles City Federal Credit Union
May 31, 1989 Elbee O Dee Federal Credit Union CA Star Harbor Federal Credit Union
May 30, 1989 Amcore Bank Colonial IL AMCORE Bank, N.A.
May 27, 1989 First Security Financial UT Wells Fargo Trust Company, N.A.
May 26, 1989 Olivet Credit Union, Inc. OH Antioch Baptist Church Credit Union, Inc.
May 25, 1989 P.H.E. Federal Credit Union PA MC Federal Credit Union
May 20, 1989 Farmers Bank of Walker MO Heritage State Bank
May 19, 1989 Parkdale Bank TX Frost Bank
May 18, 1989 St. Josephs Carteret Federal Credit Union NJ Mid-State Federal Credit Union
May 18, 1989 Cardinal Subsidiary Corporation KY Cardinal Bancshares, Inc.
May 18, 1989 Cole Holding Company KY Cardinal Bancshares, Inc.
May 18, 1989 Harco Bankshares, Inc. KY Cardinal Bancshares, Inc.
May 18, 1989 Western O.T.B. Employees Federal Credit Union NY Tonawanda Valley Federal Credit Union
May 17, 1989 Heritage Bank MI Harbor Country Banking Company
May 15, 1989 First Bank IL First Bank
May 15, 1989 First Bank IL First Bank
May 15, 1989 Empirt 180th Street Barn Federal Credit Union NY Bethex Federal Credit Union
May 13, 1989 Jefferson State Bank OR First Interstate Bank of Oregon, National Association
May 12, 1989 Montgomery-Bucks Dental Federal Credit Union PA North Penn Federal Credit Union
May 12, 1989 Shawmut Bank of Southeastern Massachusetts, National Association MA Fleet National Bank of Massachusetts
May 11, 1989 BD Employees Federal Credit Union NJ The Atlantic Federal Credit Union
May 11, 1989 Monsanto Kenilworth Employees Federal Credit Union NJ The Atlantic Federal Credit Union

Bank mergers by year

·

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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