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 1, 1989 | Cole Taylor Bank/Skokie | Cole Taylor Bank |
| Jan 1, 1989 | U. A. L. U. #447 Credit Union | Sierra Central Credit Union |
| Jan 1, 1989 | (unnamed) | First of America Bank-Ann Arbor |
| Jan 1, 1989 | Schenley Indiana Employees Federal Credit Union | Dearborn County Federal Credit Union |
| Jan 1, 1989 | Bank of Commerce, Jenks, Oklahoma | Security Bank |
| Jan 1, 1989 | Sacred Heart Hospital Employees Federal Credit Union | Explorers Credit Union |
| Jan 1, 1989 | Katy Waco Cu | Genco Federal Credit Union |
| Jan 1, 1989 | National Bank of Wichita | Emprise Bank |
| Jan 1, 1989 | Russell Hosiery Mill Employees Credit Union | Hamlet Federal Credit Union |
| Jan 1, 1989 | Bank One, Carmel | Bank One, Indiana, National Association |
| Jan 1, 1989 | Citizens Bank, National Association | Spiritbank |
| Jan 1, 1989 | Bank of Commerce | First Financial Bank |
| Jan 1, 1989 | Mecu Credit Union | Menominee Area Credit Union |
| Jan 1, 1989 | Peoria Savings and Loan Association | River Valley Savings Bank, Federal Savings Bank |
| Jan 1, 1989 | Commerce Bank of Jefferson County, National Association | Commerce Bank, National Association |
| Jan 1, 1989 | Princeton Bank | Chemical Bank New Jersey, National Association |
| Jan 1, 1989 | The Old National Bank of Jefferson County | One Valley Bank-East, N.A. |
| Jan 1, 1989 | Florida St Florists Fcu | Publix Employees Federal Credit Union |
| Jan 1, 1989 | First of America Bank - South Central, National Association | National City Bank of the Midwest |
| Jan 1, 1989 | The Citizens and Southern Bank | (unnamed) |
| Jan 1, 1989 | Glacier National Bank | Glacier Bank Federal Savings Bank |
| Jan 1, 1989 | Cotton Belt Cu | Genco Federal Credit Union |
| Jan 1, 1989 | Prospect National Bank of Peoria | First of America Bank-Illinois, National Association |
| Jan 1, 1989 | Cole Taylor Bank/Main | Cole Taylor Bank |
| Jan 1, 1989 | Watts Bar Tva Empl Cu | Tennessee Valley Federal Credit Union |
| Jan 1, 1989 | Athens Furniture Inc Empl Cu | Tennessee Valley Federal Credit Union |
| Jan 1, 1989 | The Citizens Bank of Portland | The First National Bank of Portland |
| Jan 1, 1989 | Hannah Catholic Federal Credit Union | Traverse Catholic Federal Credit Union |
| Jan 1, 1989 | Pomeroy Vincennes Employees Federal Credit Union | A a Federal Credit Union |
| Jan 1, 1989 | TX Hosp Assn Cu | United Heritage Credit Union |
| Jan 1, 1989 | Wyandotte Savings Bank | Bank One, Michigan |
| Jan 1, 1989 | American National Bank of Powell | Key Bank of Wyoming - 1130 Sheridan Avenue, Cody, Wyoming 82414 |
| Jan 1, 1989 | Luxaire Employees Credit Union, Inc. | Community Star Credit Union, Inc. |
| Jan 1, 1989 | Seven Valleys State Bank | Lexington State Bank and Trust Co. |
| Jan 1, 1989 | Safeway San Diego Employees Federal Credit Union | Certified Federal Credit Union |
| Jan 1, 1989 | First Memorial Bank, National Association | The F&M Bank & Trust Company |
| Jan 1, 1989 | HMC Fcu | Rocket City Federal Credit Union |
| Jan 1, 1989 | Barbers Point Federal Credit Union | West Oahu Community Federal Credit Union |
| Jan 1, 1989 | Maxway Federal Credit Union | Bragg Mutual Federal Credit Union |
| Jan 1, 1989 | Associated De Pere Bank | Associated Bank, N.A. |
| Jan 1, 1989 | Central Evergreen Federal Savings and Loan Association | Sterling Savings Bank |
| Jan 1, 1989 | Western Kraft Federal Credit Union | Ventura County Credit Union |
| Jan 1, 1989 | Columbus Coca-Cola Empl Cu | Truliant Federal Credit Union |
| Jan 1, 1989 | Quad Cities First Company | First of America Bancorporation-Illinois, Inc. |
| Jan 1, 1989 | Illinois Regional Bancorp, Inc. | Old Kent-Illinois, Inc. |
| Jan 1, 1989 | Northeast Iowa Bancorporation | Homeland Bankshares Corporation |
| Jan 1, 1989 | Tama County Credit Union | Members1st Community Credit Union |
| Jan 1, 1989 | Omnibank Corp. | First Chicago NBD Corporation |
| Jan 1, 1989 | M&I Interim Corporation | M&I LLC |
| Jan 1, 1989 | Borc Financial Corporation | Union Planters Corporation |
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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