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 |
|---|---|---|
| May 9, 1989 | Ibew 596 Federal Credit Union | Harrison County Federal Credit Union |
| May 9, 1989 | Seton Hall University Employ Federal Credit Union | Synergy Bank |
| May 9, 1989 | New Jersey Officers Consolidated Federal Credit Union | Aspire Federal Credit Union |
| May 4, 1989 | Utog Federal Credit Union | Progressive Credit Union |
| May 1, 1989 | Woodruff Community Hospital Employees Federal Credit Union | Allied Healthcare Federal Credit Union |
| May 1, 1989 | First Commerce Mortgage Corporation | City National Bank of Baton Rouge |
| May 1, 1989 | Northern Trust Company of Illinois | The Northern Trust Company |
| May 1, 1989 | Sesser Bancorporation, Inc. | Magna Group, Inc. |
| May 1, 1989 | Colonial American Bankshares Corporation | Crestar Financial Corporation |
| May 1, 1989 | International Bank of Commerce, National Association, San An | International Bank of Commerce |
| May 1, 1989 | Equality Bank of Evansville | The Equality State Bank |
| May 1, 1989 | Emmet Federal Credit Union | Bay Winds Federal Credit Union |
| May 1, 1989 | Centerre Bank of Kansas City National Association | Nationsbank, National Association (Mid-West) |
| May 1, 1989 | The First National Bank of Vevay | MainSource Bank |
| May 1, 1989 | Johnston Employees Credit Union | LegacyTexas Bank |
| May 1, 1989 | Range Cooperative Service Credit Union | Iron County Community Credit Union |
| May 1, 1989 | People's Trust Company | MainSource Bank |
| May 1, 1989 | General Industries Federal Credit Union | Lormet Community Federal Credit Union |
| May 1, 1989 | Richland Federal Employees Credit Union, Inc. | Advantage Credit Union Incorporated |
| May 1, 1989 | Farwells Employees Credit Union | Riverview Credit Union |
| May 1, 1989 | King Cotton Federal Credit Union | Southern Security Federal Credit Union |
| May 1, 1989 | Colonial American National Bank | Crestar Bank |
| May 1, 1989 | The Citizens State Bank | The Huntington National Bank |
| May 1, 1989 | Mater Dolorosa Federal Cu | Onpath Federal Credit Union |
| May 1, 1989 | Clinton City Public Employees Credit Union | 1st Gateway Credit Union |
| May 1, 1989 | Sav-A-Stop Fcu | Atlantic Coast Bank |
| May 1, 1989 | State Bank of Butterfield | Triumph State Bank |
| May 1, 1989 | Kaufmann Federal Credit Union | Fox Valley Credit Union |
| May 1, 1989 | The First National Bank in Carmen | Cleo State Bank |
| May 1, 1989 | Preston Credit Union | The Golden 1 Credit Union |
| May 1, 1989 | Farmers Savings Bank | MidWestOne Bank |
| May 1, 1989 | People's Trust Company | MainSource Bank |
| May 1, 1989 | Pilot Plus Credit Union | Members Credit Union |
| May 1, 1989 | The First National Bank of Knightstown | Bank One, Richmond, National Association |
| May 1, 1989 | (unnamed) | F&M Bank |
| Apr 30, 1989 | The Bank Group, Inc. | Wells Fargo & Company |
| Apr 30, 1989 | Greenfield Community Federal Credit Union | Russell Country Federal Credit Union |
| Apr 30, 1989 | K.I.D. Employees Credit Union | Westmark Credit Union |
| Apr 29, 1989 | First State Bank of Lake Wilson | Minnwest Bank South |
| Apr 29, 1989 | The Bedford Bank | First NH Bank, National Association |
| Apr 29, 1989 | United Jersey Bank/Wood Ridge National | Summit Bank |
| Apr 28, 1989 | First Texas Bank-Irving, National Association | First Texas Bank |
| Apr 27, 1989 | Weston Biscuit Employees Credit Union | Omni Community Credit Union |
| Apr 27, 1989 | Yuma Southern Pacific Employees Credit Union | Avenir Financial Federal Credit Union |
| Apr 24, 1989 | First State Bank of Magnolia | First State Bank |
| Apr 24, 1989 | Hackensack Firemen Federal Credit Union | Greater Alliance Federal Credit Union |
| Apr 22, 1989 | Farmers State Bank Rush County | Farmers State Bank |
| Apr 22, 1989 | Fork Permanent Loan and Building Association | Parkville Federal Savings Bank |
| Apr 22, 1989 | Mount Vernon Permananent Building and Loan Association | Parkville Federal Savings Bank |
| Apr 21, 1989 | American Bank of Southeast Georgia | Barnett Bank of Southeast Georgia National Association |
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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