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 |
|---|---|---|
| Oct 1, 1989 | Texas Eastern Credit Union | Membersource Credit Union |
| Oct 1, 1989 | The First National Bank of Hancock | NBT Bank, N.A. |
| Oct 1, 1989 | The Fulton County National Bank and Trust Company | NBT Bank, N.A. |
| Oct 1, 1989 | Steel Lec Federal Credit Union | Tri-Valley Services Federal Credit Union |
| Oct 1, 1989 | Pearl River Public Empl Cu | Credit Union South |
| Oct 1, 1989 | University & State Employees Credit Union of Santa Barbara | The Golden 1 Credit Union |
| Oct 1, 1989 | MetroBanc, National Association | Comerica Bank National Association |
| Oct 1, 1989 | (unnamed) | Fleet Bank-NH |
| Oct 1, 1989 | Comerica Bank-Grand Rapids, National Association | Comerica Bank National Association |
| Oct 1, 1989 | Indian Head National Bank of Keene | Fleet Bank-NH |
| Oct 1, 1989 | First State Bank of McLaughlin | First National Bank |
| Oct 1, 1989 | Western District Credit Union | Eastern Utah Community Credit Union |
| Oct 1, 1989 | Sacramento Columbian Credit Union | S a F E Credit Union |
| Oct 1, 1989 | The Bank of Lake Placid | NBT Bank, N.A. |
| Oct 1, 1989 | Sheet Metal Workers Credit Union | SMW Financial Credit Union |
| Oct 1, 1989 | AmeriBank of Oldsmar | Ameribank |
| Oct 1, 1989 | Allegheny JWV Federal Credit Union | Tri Boro Federal Credit Union |
| Oct 1, 1989 | Dartmouth National Bank | Fleet Bank-NH |
| Oct 1, 1989 | Band Instrument Federal Credit Union | Inova Federal Credit Union |
| Oct 1, 1989 | Indian Head Bank North | Fleet Bank-NH |
| Oct 1, 1989 | Hyde Park Cooperative Federal Credit Union | Vicinity Credit Union |
| Oct 1, 1989 | Gas Light Federal Credit Union | Sterling United Federal Credit Union |
| Oct 1, 1989 | Hayes National Bank | NBT Bank, N.A. |
| Oct 1, 1989 | Rising Sun State Bank | The Madison Bank and Trust Company |
| Oct 1, 1989 | MVC Cu | MSTC Federal Credit Union |
| Oct 1, 1989 | Teamsters Local 830 Federal Credit Union | Sun East Federal Credit Union |
| Oct 1, 1989 | Sunnyside Financial Community Credit Union | Southern Lakes Credit Union |
| Sep 30, 1989 | The Citizens National Bank of Bedford | NBD Bank, National Association |
| Sep 30, 1989 | Credit Union 1 of Salina | Great Plains Federal Credit Union |
| Sep 30, 1989 | Community First Minnesota Bankshares, Inc. | Community First Bankshares, Inc. |
| Sep 30, 1989 | S B H Corp. | Pinnacle Banc Group, Inc. |
| Sep 30, 1989 | Citizens Bancshares Corporation | INB Financial Corporation |
| Sep 30, 1989 | Florida Community Banks, Inc. | Southtrust of Northwest Florida, Inc. |
| Sep 30, 1989 | Florida Central Banks, Inc. | Southtrust of Northwest Florida, Inc. |
| Sep 30, 1989 | C.R.N.B.SHARES, Inc. | First Community Bancshares Inc |
| Sep 30, 1989 | Cherry River National Bank of Richwood | (unnamed) |
| Sep 30, 1989 | CSL Savings Bank | Diamond Savings and Loan Company |
| Sep 30, 1989 | Sanese Credit Union, Inc. | Wright-Patt Credit Union, Inc. |
| Sep 30, 1989 | P F W Federal Credit Union | San Diego County Credit Union |
| Sep 30, 1989 | Shorter A.M.E. Federal Credit Union | Space Age Credit Union |
| Sep 30, 1989 | Pioneer Bancorporation, Inc. | United Banks of Colorado Inc. |
| Sep 30, 1989 | Bank of Washington County | sSouthTrust Bank of Northwest Florida |
| Sep 30, 1989 | First Bank of Holmes County | sSouthTrust Bank of Northwest Florida |
| Sep 29, 1989 | United Data Services Incorporated | Integra Financial Corporation |
| Sep 29, 1989 | Comanche Bancshares, Inc. | Gold Banc Corporation, Inc. |
| Sep 29, 1989 | Globe Financial Services, Inc. | Capitol Bank and Trust Company |
| Sep 29, 1989 | Oketo Banc Shares, Inc. | Gold Banc Corporation, Inc. |
| Sep 27, 1989 | Williston Realty Company | American State Bank & Trust Company of Williston |
| Sep 27, 1989 | Local 73 Credit Union | Vicinity Credit Union |
| Sep 23, 1989 | Davis County Bank | Wells Fargo 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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