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 |
|---|---|---|
| Feb 1, 1989 | Mobil Portland Federal Credit Union | Town & Country Federal Credit Union |
| Feb 1, 1989 | Boulder Federal Credit Union | Elevations Credit Union |
| Feb 1, 1989 | Rockville Federal Credit Union | Finex Credit Union |
| Feb 1, 1989 | First Bank | First Bank |
| Feb 1, 1989 | First Bank of St. Charles County | First Bank |
| Feb 1, 1989 | First Bank of Carbondale | First Bank |
| Feb 1, 1989 | First Bank of Jefferson County | First Bank |
| Feb 1, 1989 | (unnamed) | Bank One, LaGrange |
| Feb 1, 1989 | First Illinois Bank of Willowbrook | Bank One, LaGrange |
| Feb 1, 1989 | United Bank | Boatmen's National Bank of Oklahoma |
| Feb 1, 1989 | Eastern Credit Union | Metro Credit Union |
| Feb 1, 1989 | Southern Statesman Fcu | Emc Credit Union |
| Feb 1, 1989 | Salin Bank of Burlington | Salin Bank |
| Feb 1, 1989 | Wayne Employees Credit Union | Citizens Equity First Credit Union |
| Feb 1, 1989 | The First National Bank of Dunnell | Farmers State Bank of Trimont |
| Feb 1, 1989 | Waupaca Area Credit Union | Community First Credit Union |
| Feb 1, 1989 | Plumbers and Steamfitters Federal Credit Union | Community Plus Federal Credit Union |
| Jan 31, 1989 | Bank One, Freedom | Bank One, Green Bay |
| Jan 31, 1989 | First Antlers Bancshares, Inc. | First Antlers Bancorporation, Inc. |
| Jan 31, 1989 | Bank One, Seymour, National Association | Bank One, Green Bay |
| Jan 31, 1989 | U.E. Federal Credit Union | LBS Financial Credit Union |
| Jan 30, 1989 | The Minatare State Bank | Platte Valley Bank |
| Jan 30, 1989 | First Western National Bank of Plano | First Western National Bank |
| Jan 30, 1989 | First Western National Bank of Mesquite | First Western National Bank |
| Jan 27, 1989 | C&H Cu | Mesquite Credit Union |
| Jan 27, 1989 | Capitol State Bank | Sun National Bank |
| Jan 25, 1989 | Roberts Bancorporation | Investors Bancorporation, Inc. |
| Jan 25, 1989 | First Bank of Warren County | First Bank of St. Charles County |
| Jan 23, 1989 | Employees Credit Association of Emb-Tex Federal Credit Union | South Carolina Federal Credit Union |
| Jan 23, 1989 | Northwest National Bank | Union Bank and Trust Company |
| Jan 23, 1989 | Village Bank of Elm Grove | M&I Wauwatosa State Bank |
| Jan 23, 1989 | SSP Employees Federal Credit Union | Carolina Cooperative Federal Credit Union |
| Jan 23, 1989 | Community Bank & Trust-Stonewall, National Association | Community Bank & Trust, National Association |
| Jan 23, 1989 | The Farmers National Bank of Gaylord | The Farmers Bank of Osborne |
| Jan 23, 1989 | Cincinnati Employees Services Credit Union, Inc. | Kemba Credit Union, Inc. |
| Jan 21, 1989 | United Jersey Bank/Edgewater National | Summit Bank |
| Jan 21, 1989 | Sovran Bank/Clarksville | NationsBank of Tennessee, National Association |
| Jan 20, 1989 | Assaria State Bank | First Bank Kansas |
| Jan 20, 1989 | First Bank of St. Francois County | First Bank of Jefferson County |
| Jan 20, 1989 | First Bank of Owensville | First Bank of Warren County |
| Jan 20, 1989 | First Bank of Gasconade County | First Bank of Warren County |
| Jan 20, 1989 | First Bank of Montgomery County | First Bank of Warren County |
| Jan 18, 1989 | Mendota Savings and Loan Association | Eureka Savings Bank |
| Jan 17, 1989 | (unnamed) | The Fifth Third Bank of Southeastern Indiana |
| Jan 17, 1989 | Central Missouri State Bank | Farmers' Stock Bank |
| Jan 14, 1989 | Bank of Spokane | First Interstate Bank of Washington, National Association |
| Jan 14, 1989 | First Florida Bank of Pasco County, National Association | (unnamed) |
| Jan 13, 1989 | Ethan Allen Federal Credit Union | Western Connecticut Federal Credit Union |
| Jan 13, 1989 | First Banccrossville, Incorporated | Union Planters Corporation |
| Jan 11, 1989 | Buffalo A. W. U. E. Federal Credit Union | Tonawanda Community 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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