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 |
|---|---|---|
| Jan 10, 1989 | Nec Federal Credit Union | Trupartner Credit Union, Inc. |
| Jan 10, 1989 | Limestone Employees Federal Credit Union | Founders Federal Credit Union |
| Jan 9, 1989 | Jackson County State Bank | Mercantile Bank of Warrensburg |
| Jan 9, 1989 | Hudson Valley Industrial Federal Credit Union | Nea Federal Credit Union |
| Jan 7, 1989 | Sunwest Bank of El Paso-East National Association | SUNWEST Bank of El Paso, National Association |
| Jan 7, 1989 | Lohrville Savings Bank | First Bank and Trust Company |
| Jan 6, 1989 | Century State Bancshares, Inc. | Century State Bancshares, Inc. |
| Jan 5, 1989 | Decora Employees Federal Credit Union | Hudson River Community Credit Union |
| Jan 5, 1989 | The State Bank of Earlville | Community Savings Bank |
| Jan 4, 1989 | Chemical New Jersey Holdings, Inc. | Chemical New Jersey Holdings, Inc. |
| Jan 4, 1989 | New Castle Chamber Commerce Federal Credit Union | Delaware Alliance Federal Credit Union |
| Jan 3, 1989 | (unnamed) | M&I Thunderbird Bank |
| Jan 3, 1989 | First Bank and Trust Company in Greenville | First Bank |
| Jan 3, 1989 | First Bank and Trust, New Boston | FirstBank |
| Jan 3, 1989 | The Farmers and Merchants State Bank | First Kansas Bank |
| Jan 3, 1989 | Cross Company Employees Credit Union | Arc Credit Union |
| Jan 3, 1989 | Piaterer Mutual Benefit Association Credit Union | Victory/piaterer Mutual Benefit Association Credit Union |
| Jan 3, 1989 | First Bank and Trust, Redwater | FirstBank |
| Jan 3, 1989 | First Federal Savings and Loan Association of Kalamazoo | Standard Federal Bank |
| Jan 3, 1989 | Priests Credit Union-Diocese of Madison | Summit Credit Union |
| Jan 3, 1989 | Eastern Shore National Bank | Peninsula Bank |
| Jan 3, 1989 | Germantown Permanent Building Association | Cowenton Federal Savings and Loan Association |
| Jan 3, 1989 | First Bank of Fayette County | First Bank |
| Jan 3, 1989 | First Bank and Trust, Hooks | FirstBank |
| Jan 3, 1989 | Nabanco, Inc. | First Southern Bancorp, Inc. |
| Jan 3, 1989 | Chillicothe Bancshares, Inc. | Dickinson Financial Corporation |
| Jan 3, 1989 | Maryville Bancshares, Inc. | Dickinson Financial Corporation |
| Jan 2, 1989 | Peoples Bancshares of Antigo, Inc. | M&I LLC |
| Jan 2, 1989 | TSP Employees Federal Credit Union | Northwest Hills Credit Union |
| Jan 2, 1989 | Slevco Fcu | Forge Federal Credit Union |
| Jan 2, 1989 | South Seaville Building & Loan Association | Franklin Bank |
| Jan 2, 1989 | Baltimore Federal Employees Credit Union | First Financial of Maryland Federal Credit Union |
| Jan 2, 1989 | First Atlanta Corporate Services Company | Wachovia Corporation of Georgia |
| Jan 2, 1989 | First Wachovia Financial Corporation | Wachovia Corporation of North Carolina |
| Jan 1, 1989 | First Wyoming Bank - East Cheyenne | Community First National Bank |
| Jan 1, 1989 | First Interstate Bank of Buffalo | First Interstate Bank |
| Jan 1, 1989 | First Interstate Bank of Sugarland | First Interstate Bank |
| Jan 1, 1989 | Marine National Bank | Chemical Bank New Jersey, National Association |
| Jan 1, 1989 | University National Bank of Peoria | First of America Bank-Illinois, National Association |
| Jan 1, 1989 | Wichita State Bank | Emprise Bank |
| Jan 1, 1989 | Cole Taylor Bank/Ford City | Cole Taylor Bank |
| Jan 1, 1989 | (unnamed) | Bankeast |
| Jan 1, 1989 | Union Federal Savings and Loan Association of Shelbyville | Union Federal Savings Bank |
| Jan 1, 1989 | Normandy School Credit Union | Vantage Credit Union |
| Jan 1, 1989 | CWL Fcu | Emory Alliance Credit Union |
| Jan 1, 1989 | Msi Federal Credit Union | Heartland Credit Union |
| Jan 1, 1989 | Liberty National Bank and Trust Company of Indiana | Bank One, Southern Indiana, National Association |
| Jan 1, 1989 | Lofol Federal Credit Union | Hamlet Federal Credit Union |
| Jan 1, 1989 | The Bon Employees Federal Credit Union | Ascent Federal Credit Union |
| Jan 1, 1989 | Oshkosh B Gosh Credit Union | Verve a 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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