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.
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 | Onb Merger Corp. | Old National Bancorp |
| Jan 1, 1989 | Sobanco Properties Inc | First Union National Bank of South Carolina |
| Jan 1, 1989 | Graham-Michaelis Financial Corporation | Sierra Petroleum Co., Inc. |
| Jan 1, 1989 | Uic Corporation | Security Pacific Oregon Bancorp |
| Jan 1, 1989 | Oregon Bank Properties | Security Pacific Oregon Bancorp |
| Jan 1, 1989 | First Midland Inc. | Security Pacific Oregon Bancorp |
| Jan 1, 1989 | NBW Financial Corporation | Sierra Petroleum Co., Inc. |
| Jan 1, 1989 | First of America Bank - Thumb Area | First of America Bank - Frankenmuth |
| Jan 1, 1989 | Graphic Arts Credit Union | S a F E Credit Union |
| Jan 1, 1989 | (unnamed) | The Huntington National Bank of Indiana |
| Jan 1, 1989 | Fountain Federal Savings Bank | Onb Bank |
| Jan 1, 1989 | Door County Community Credit Union | Pioneer Credit Union |
| Jan 1, 1989 | Orthopedic Hospital of Charlotte Credit Union | Carolina Cooperative Federal Credit Union |
| Jan 1, 1989 | Barnett Bank of Putnam County | Barnett Bank of the St. Johns |
| Jan 1, 1989 | Great Falls Federal Savings & Loan Association | Western Security Bank |
| Jan 1, 1989 | NBD Roscommon Bank | NBD Cadillac Bank |
| Jan 1, 1989 | Coronado Bank | Texas National Bank |
| Jan 1, 1989 | The Morton Trust & Savings Bank | Morton Community Bank |
| Jan 1, 1989 | First Interstate Bank of Greybull, National Association | First Interstate Bank |
| Jan 1, 1989 | First Interstate Bank of Gillette | First Interstate Bank |
| Jan 1, 1989 | First Wyoming Bank-North Cheyenne | Community First National Bank |
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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