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 |
|---|---|---|
| Nov 4, 1989 | Bank One, Mequon | Bank One, Wisconsin |
| Nov 4, 1989 | Continental Illinois Holding Corporation | Continental Bank Corporation |
| Nov 4, 1989 | Ontario Savings and Loan Association | Union Federal Bank, a Federal Savings Bank |
| Nov 4, 1989 | Community Bank of Creswell | Siuslaw Bank |
| Nov 3, 1989 | I P T C Employees Credit Union | Indiana Members Credit Union |
| Nov 3, 1989 | State Bank of St. Joseph | Busey Bank |
| Nov 3, 1989 | First of America Bank - Gogebic, National Association | First of America Bank-Upper Peninsula, National Association |
| Nov 2, 1989 | Midwest Financial Group, Inc. | First of America Bancorporation-Illinois, Inc. |
| Nov 1, 1989 | Miller-Rellim Redwood Employees Credit Union | Coast Central Credit Union |
| Nov 1, 1989 | Central Financial Group, Inc. | Banc One Illinois Corporation |
| Nov 1, 1989 | Landmark Bank of Branson | Union Planters Bank of Southwest Missouri |
| Nov 1, 1989 | Mendota Credit Union | Heritage Credit Union |
| Nov 1, 1989 | Lincoln/msc Postal Employees Credit Union | Spirit of America Federal Credit Union |
| Nov 1, 1989 | Warner Center Credit Union | Fiscal Credit Union |
| Nov 1, 1989 | Employees Credit Union Swift & Company Los Angeles | Credit Union of Southern California, a Federal Credit Union |
| Nov 1, 1989 | American National Bank - Corpus Christi | American Bank, National Association |
| Nov 1, 1989 | Mercy Center Federal Credit Union | Healthcare Associates Credit Union |
| Nov 1, 1989 | Landmark Bank of Springfield | Union Planters Bank of Southwest Missouri |
| Nov 1, 1989 | American Bank and Trust Company | Southern National Bank of North Carolina |
| Nov 1, 1989 | Patrons Credit Union | Kansas Teachers Community Credit Union |
| Nov 1, 1989 | The Nodaway Valley National Bank of Villisca | Bank Iowa |
| Nov 1, 1989 | SNC Employees Federal Credit Union | 1st Choice Community Federal Credit Union |
| Nov 1, 1989 | Community National Bank | First State Bank |
| Nov 1, 1989 | Community State Bank of Fowlerville | NBD Commerce Bank |
| Oct 31, 1989 | Campus Corner Development Company | KeyBank National Association |
| Oct 31, 1989 | Rutland Development Corporation | KeyBank National Association |
| Oct 31, 1989 | Federal Way Realty Investors, Inc. | KeyBank National Association |
| Oct 31, 1989 | Associates Federal Savings and Loan Association | Granite Bank, Federal Savings Bank |
| Oct 31, 1989 | CCNB Bancshares Corporation | Landmark Acquisition Corporation |
| Oct 31, 1989 | Honolulu Roofing Federal Credit Union | Hawaii Federal Credit Union |
| Oct 30, 1989 | Standish Community Credit Union | North Central Area Credit Union |
| Oct 28, 1989 | Fayetteville First Federal Savings and Loan Association | First American Federal Savings and Loan Association |
| Oct 28, 1989 | Rock County Savings and Trust Company | Johnson Bank, National Association |
| Oct 27, 1989 | American Bank | Jefferson National Bank/Tidewater |
| Oct 27, 1989 | Fair Oaks National Bank | Frost Bank |
| Oct 27, 1989 | First National Bank | Frost Bank |
| Oct 26, 1989 | The Jackson County State Bank | Norwest Bank Texas, South Central |
| Oct 26, 1989 | Bank of Commerce Calhoun County | Norwest Bank Texas, South Central |
| Oct 24, 1989 | Mutual Federal Savings and Loan Association | Household Bank, F.S.B. |
| Oct 23, 1989 | Wabash County School Employees Federal Credit Union | Beacon Credit Union |
| Oct 20, 1989 | Southwest Bank | (unnamed) |
| Oct 19, 1989 | Pelican Bancshares, Inc. | International Bancorporation, Inc. |
| Oct 14, 1989 | Bank of Oklahoma, Southwest Tulsa | BOKF, N.A. |
| Oct 14, 1989 | Security Bancshares, Incorporated | First Capital Bancorp, Inc. |
| Oct 14, 1989 | Bank of Oklahoma, Broken Arrow, National Association | BOKF, N.A. |
| Oct 14, 1989 | Security Bank, Monroe, Louisiana | Capital Bank |
| Oct 14, 1989 | Bank of Oklahoma, Lewis Center | BOKF, N.A. |
| Oct 14, 1989 | Bank of Oklahoma, City Plaza | BOKF, N.A. |
| Oct 10, 1989 | Virginia Beach Federal Credit Union | Navy Federal Credit Union |
| Oct 7, 1989 | Lake Shore K C Federal Credit Union | Eastside Family 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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