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 |
|---|---|---|
| Mar 11, 1989 | Avon National Bank | WestStar Bank |
| Mar 11, 1989 | Appraisal Services, Inc. | Citibank, Federal Savings Bank |
| Mar 10, 1989 | Saginaw News Employees Credit Union | Wildfire Credit Union |
| Mar 9, 1989 | F T B Building Corporation | First Texcorp, Inc. |
| Mar 3, 1989 | Frost Bank North Austin, National Association | Frost Bank |
| Mar 1, 1989 | Hugo Bancorporation, Inc. | Firstar Corporation of Minnesota |
| Mar 1, 1989 | Grand Bancshares, Inc. | Comerica Incorporated |
| Mar 1, 1989 | Con-Can Employees Federal Credit Union | Union Pacific California Employees Federal Credit Union |
| Mar 1, 1989 | Rheem Employees Credit Union | South Division Credit Union |
| Mar 1, 1989 | Kendall Square Federal Credit Union | Transportation Federal Credit Union |
| Mar 1, 1989 | Shillito Associates' Credit Union, Inc. | New Horizons Credit Union, Inc. |
| Mar 1, 1989 | Menominee Local 328 Credit Union | Integra First Federal Credit Union |
| Mar 1, 1989 | Tlatelolco Credit Union | West Denver Community Credit Union |
| Mar 1, 1989 | State Bank and Trust Company | Priorityone Bank |
| Mar 1, 1989 | Fideltiy Federal Savings and Loan Association | Old Stone Bank of North Carolina, A FSB |
| Mar 1, 1989 | Barton County Government Employees Credit Union | Credit Union of America |
| Mar 1, 1989 | Continental Can Federal Credit Union | Union Pacific California Employees Federal Credit Union |
| Feb 28, 1989 | Plainville Regional Credit Union | United Business & Industry Federal Credit Union |
| Feb 28, 1989 | FMB Financial Holdings, Inc. | Barnett Banks, Inc. |
| Feb 28, 1989 | MT. Zion Bancorp, Inc. | Scott Bancshares, Inc. |
| Feb 28, 1989 | Norfolk Banshares, Inc. | Firstier Financial, Inc. |
| Feb 28, 1989 | Siverdollar Credit Union | Ohio Valley Community Federal Credit Union |
| Feb 24, 1989 | First American Bank | First American Bank, Murfreesboro |
| Feb 24, 1989 | Allegan County Catholic Credit Union | Ignite Credit Union |
| Feb 24, 1989 | Centennial National Bank | Inwood National Bank |
| Feb 23, 1989 | Satellite Credit Union, Inc. | Trupartner Credit Union, Inc. |
| Feb 20, 1989 | Farmers State Bank of Lyle | Bank of Lyle |
| Feb 20, 1989 | State Bank of Rose Creek | United Farmers State Bank |
| Feb 18, 1989 | Auburn Valley Bank | U.S. Bank of Washington, National Association |
| Feb 18, 1989 | Centerre Bank Delaware | Boatmen's Bank of Delaware |
| Feb 18, 1989 | Western Independent Bancshares, Inc. | U.S. Bank of Washington, National Association |
| Feb 18, 1989 | Canton Ohio Postal Employees Credit Union, Inc. | Buckeye State Credit Union, Inc. |
| Feb 16, 1989 | S.W.A.E. Credit Union | Union Yes Federal Credit Union |
| Feb 13, 1989 | The Bank of White City | Central Bank - Herington |
| Feb 10, 1989 | Commercial Bank Group, Inc. | Commercial Bancgroup, Inc. |
| Feb 9, 1989 | Bancwest Mortgage Corporation | Security Pacific Bank Arizona |
| Feb 8, 1989 | California Professional Savings & Loan Association | Encore Bank, National Association |
| Feb 3, 1989 | Northwestern Commercial Bank | U.S. Bank of Washington, National Association |
| Feb 3, 1989 | Bank One, Larsen | Bank One, Neenah, National Association |
| Feb 3, 1989 | Casino Hotel Federal Credit Union | First Harvest Federal Credit Union |
| Feb 3, 1989 | Star Bank of Fayette County | Star Bank, National Association, Indiana |
| Feb 2, 1989 | First American Bank | First American National Bank |
| Feb 2, 1989 | Wabash Valley Bancorporation, Inc. | First of America Bancorporation-Illinois, Inc. |
| Feb 2, 1989 | Clayton Building & Loan Association | Franklin Bank |
| Feb 1, 1989 | BY Federal Credit Union | The Cornerstone Credit Union |
| Feb 1, 1989 | Carroll Financial Corporation | Salin Bancshares, Inc. |
| Feb 1, 1989 | United Bancshares, Inc. | Fourth National Corporation |
| Feb 1, 1989 | Sheffield Fcu | Tva Community Credit Union |
| Feb 1, 1989 | Metropolitan National Bank | Camino Real Bank, National Association |
| Feb 1, 1989 | Jefferson Bank of St. Louis County | Jefferson 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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