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 |
|---|---|---|
| Apr 1, 1989 | Norwest Bank Keokuk, National Association | Keokuk Savings Bank and Trust Company |
| Apr 1, 1989 | The First National Bank of Prague | BancFirst |
| Apr 1, 1989 | Mastic Employees Federal Credit Union | Communitywide Federal Credit Union |
| Apr 1, 1989 | Pipefitters Local 120 Credit Union, Inc. | Firefighters Community Cu |
| Apr 1, 1989 | Hanes Dye Federal Credit Union | Members Credit Union |
| Apr 1, 1989 | Pillsbury Employees Federal Credit Union | Goldenwest Federal Credit Union |
| Apr 1, 1989 | Universal Atlas Cement Federal Credit Union | Genco Federal Credit Union |
| Apr 1, 1989 | Family Market Employees Federal Credit Union | Westreet Federal Credit Union |
| Apr 1, 1989 | Ideal Empl Cu | Ascend Federal Credit Union |
| Apr 1, 1989 | Union Bank and Trust Company | INB National Bank, Northwest |
| Apr 1, 1989 | W S X Federal Credit Union | Tin Mill Employees Federal Credit Union |
| Apr 1, 1989 | Schubert Industries Employees Federal Credit Union | Genfed Financial Credit Union, Inc. |
| Apr 1, 1989 | Safety Electrical Employees Federal Credit Union | Quinnipiac Valley Community Federal Credit Union |
| Apr 1, 1989 | First Western Bank | The First Western Bank Custer |
| Apr 1, 1989 | The First National Bank of Seminole | BancFirst |
| Apr 1, 1989 | Matteson District 162 Employees Federal Credit Union | School District 162/163 Employees Federal Credit Union |
| Apr 1, 1989 | Citizens State Bank | BancFirst |
| Apr 1, 1989 | (unnamed) | F & M Bank-Wisconsin |
| Apr 1, 1989 | The First National Bank in Madill | BancFirst |
| Apr 1, 1989 | Lamar Medical Federal Cu | Employees United Federal Credit Union |
| Apr 1, 1989 | The Lowell National Bank | INB National Bank, Northwest |
| Apr 1, 1989 | Clearwater Power Company Credit Union | Lewis Clark Credit Union |
| Apr 1, 1989 | Oklahoma State Bank | BancFirst |
| Mar 31, 1989 | Bank of Tyler, National Association | First Bank of Texas |
| Mar 31, 1989 | Mission Teachers Federal Credit Union | Security First Federal Credit Union |
| Mar 31, 1989 | Shartle Employees' Credit Union, Inc. | Trupartner Credit Union, Inc. |
| Mar 31, 1989 | North Texas Bank | Team Bank |
| Mar 31, 1989 | First Bank of Marion County | Sovran Bank/Chattanooga |
| Mar 31, 1989 | American National Bank of Plano | Team Bank |
| Mar 31, 1989 | Menominee Catholic Credit Union | Integra First Federal Credit Union |
| Mar 31, 1989 | Northshore Bank | First National Bank of Corpus Christi |
| Mar 31, 1989 | First National Bank of Corpus Christi Western | First National Bank of Corpus Christi |
| Mar 31, 1989 | First National Bank of Corpus Christi Southern | First National Bank of Corpus Christi |
| Mar 31, 1989 | First National Bank of Corpus Christi Gulfway | First National Bank of Corpus Christi |
| Mar 31, 1989 | Community Bank of Santa Ynez Valley | Santa Barbara Bank & Trust, National Association |
| Mar 29, 1989 | United Steel Federal Credit Union | Tech Credit Union |
| Mar 25, 1989 | American National Bank of Midwest City | BOKF, N.A. |
| Mar 24, 1989 | Texas Bank of Denton | TexasBank |
| Mar 24, 1989 | First Bank of Wetmore | Kansas State Bank |
| Mar 23, 1989 | The Hepler State Bank | Farmers National Bank of Kansas |
| Mar 22, 1989 | Suburban Bancorporation, Inc. | U.S. Bancorp |
| Mar 22, 1989 | Suburban National Bank | U.S. Bank National Association |
| Mar 20, 1989 | First National Bank of Collierville | Sovran Bank/Memphis |
| Mar 20, 1989 | Firstsub, Inc. | Boatmen's Bancshares, Inc. |
| Mar 17, 1989 | Carpenter Steel Employees Federal Credit Union | McKesson Federal Credit Union |
| Mar 15, 1989 | Sanders Employees Federal Credit Union | Logix Federal Credit Union |
| Mar 14, 1989 | Historic Smithville Inn Federal Credit Union | Edifi Federal Credit Union |
| Mar 13, 1989 | The Morgan County Bank and Trust Company | NBD Bank, National Association |
| Mar 13, 1989 | Centerre Bank of Springfield | Boatmen's Bank of Southern Missouri |
| Mar 13, 1989 | Southeast Bank of Tallahassee | Southeast Bank, N.A. |
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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