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 |
|---|---|---|
| Dec 1, 1989 | Columbian Savings and Loan Association | First Community Bank, National Association |
| Dec 1, 1989 | (unnamed) | KeyBank National Association |
| Dec 1, 1989 | Honeywell West Coast Federal Credit Union | Kinecta Federal Credit Union |
| Dec 1, 1989 | Sioux Falls Milwaukee Employees Federal Credit Union | Bluestone Federal Credit Union |
| Dec 1, 1989 | First Federal Savings and Loan Association of North Carolina | Raleigh Federal Savings Bank |
| Dec 1, 1989 | Union Boulevard National Bank | Commerce Bank, National Association |
| Dec 1, 1989 | Angleton Bank of Commerce | Victoria Bank & Trust Company - Central |
| Dec 1, 1989 | Bell and Howell Employees Credit Union | Sherwin Williams Employees Credit Union |
| Dec 1, 1989 | Bank of Oklahoma, Mercantile Center | BOKF, N.A. |
| Dec 1, 1989 | The Citizens State Bank of Greenville, Ohio | (unnamed) |
| Dec 1, 1989 | U C U Council Credit Union | Archer Heights Credit Union |
| Dec 1, 1989 | Lyndon Guaranty Bank of Ohio | Heartland Bank |
| Dec 1, 1989 | American National Bank | Victoria Bank & Trust Company - Central |
| Nov 30, 1989 | Golden Crescent Credit Union, Inc. | Lormet Community Federal Credit Union |
| Nov 30, 1989 | Zapp Bank Plaza Partnership II | Zappco, Inc. |
| Nov 30, 1989 | West-Co Federal Credit Union | Foothill Federal Credit Union |
| Nov 30, 1989 | Grainmillers Credit Union | Salina Railroad Credit Union |
| Nov 30, 1989 | Webster Building & Loan Association | Tioga-Franklin Savings Bank |
| Nov 29, 1989 | Alcobar Federal Credit Union | Omega Federal Credit Union |
| Nov 29, 1989 | Weaver Employee Credit Union | Citadel Federal Credit Union |
| Nov 28, 1989 | National Bank of Commerce | First National Bank |
| Nov 27, 1989 | Colonial Bank | Colonial Bank |
| Nov 22, 1989 | First of Omaha Savings Co. | First National Bank of Omaha |
| Nov 22, 1989 | The Plains Corporation | The Plains Corporation |
| Nov 21, 1989 | Citizens, Inc. | Flagship Financial Group, Inc. |
| Nov 20, 1989 | First Wisconsin South West Bank of Sheboygan | Firstar Bank Sheboygan, National Association |
| Nov 20, 1989 | Lawrence State Bank | Security National Bank of Superior |
| Nov 19, 1989 | Peoples Savings Bank, FSB | Standard Federal Bank |
| Nov 18, 1989 | Federal Reserve Bank Employees Credit Union | Topline Financial Credit Union |
| Nov 18, 1989 | Bank One, Waukesha | Bank One, Wisconsin |
| Nov 18, 1989 | Ameritrust National Bank, Hamilton County | Ameritrust National Bank, Central Indiana |
| Nov 17, 1989 | First State Bank of Poteet | Victoria Bank & Trust Company - West |
| Nov 17, 1989 | First National Bank in Pleasanton | Victoria Bank & Trust Company - West |
| Nov 17, 1989 | Cibolo State Bank | Victoria Bank & Trust Company - West |
| Nov 17, 1989 | Cullen Bank Northfield, National Association | Cullen Center Bank & Trust |
| Nov 17, 1989 | Stanley-Proto Federal Credit Union | Ibew & United Workers Federal Credit Union |
| Nov 17, 1989 | Hays County National Bank | Victoria Bank & Trust Company - West |
| Nov 13, 1989 | Bank of the Midlands | Pinnacle Bank |
| Nov 11, 1989 | Sovran Bank/Eastern | NationsBank of Tennessee, National Association |
| Nov 10, 1989 | Labanco, Inc. | United Nebraska Financial Co. |
| Nov 10, 1989 | Kingsville Bank and Trust Company, National Association | Victoria Bank & Trust Company - Central |
| Nov 10, 1989 | Hackensack Hospital Employees Federal Credit Union | Greater Alliance Federal Credit Union |
| Nov 10, 1989 | The First State Bank of Taft | Victoria Bank & Trust Company - Central |
| Nov 10, 1989 | Investors Bank & Trust | Barnett Bank of Atlanta |
| Nov 10, 1989 | Bank of Burwell | United Nebraska Bank |
| Nov 10, 1989 | Citizens State Bank of Bastrop | Victoria Bank & Trust Company - Central |
| Nov 10, 1989 | The Nolte National Bank of Seguin | Victoria Bank & Trust Company - Central |
| Nov 10, 1989 | Investors Trust Financial Corporation | First City Bancorp, Inc. |
| Nov 7, 1989 | Olean MC Graw-Edison PSD Empl Federal Credit Union | High Point Federal Credit Union |
| Nov 6, 1989 | Irving Trust Company Florida | The Bank of New York Trust Company, N.A. |
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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