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 |
|---|---|---|
| Sep 23, 1989 | Bank of Pleasanton | The Farmers State Bank of Blue Mound |
| Sep 20, 1989 | Winter Garden Credit Union | Gulf Coast Federal Credit Union |
| Sep 16, 1989 | Marquette Bank University, National Association | Marquette Bank Minneapolis, National Association |
| Sep 16, 1989 | First Bank Cottage Grove National Association | U.S. Bank National Association |
| Sep 16, 1989 | Marquette Bank Columbia Heights | Marquette Bank Minneapolis, National Association |
| Sep 16, 1989 | First Bank and Trust Company | Wachovia Bank of Georgia, National Association |
| Sep 16, 1989 | Marquette Bank Lake | Marquette Bank Minneapolis, National Association |
| Sep 15, 1989 | Southern California Free Methodist Credit Union | Adelfi Credit Union |
| Sep 15, 1989 | Bank of Long Island | The Bank of New York Mellon |
| Sep 15, 1989 | Bridgeport Progressive Federal Credit Union | McKesson Federal Credit Union |
| Sep 13, 1989 | Lion Wilkes Barre Federal Credit Union | Choice One Community Federal Credit Union |
| Sep 11, 1989 | First Federal Savings and Loan Association of Montclair | Penn Federal Savings Bank |
| Sep 9, 1989 | Society Bank of Eastern Ohio, National Association | KeyBank N.A. |
| Sep 9, 1989 | Saint Gregory Federal Credit Union | Abnb Federal Credit Union |
| Sep 9, 1989 | Mercantile Bancorp, Inc. | First Fidelity Bancorp, Inc. |
| Sep 9, 1989 | Touro Employees Federal Credit Union | Onpath Federal Credit Union |
| Sep 9, 1989 | Mercantile Bank, N.A. | First Fidelity Bank |
| Sep 4, 1989 | Magna Bank of Freeburg | Magna Bank, National Association |
| Sep 3, 1989 | Magna Bank of Mascoutah | Magna Bank, National Association |
| Sep 3, 1989 | Magna Bank of Marissa | Magna Bank, National Association |
| Sep 2, 1989 | Eastex Bancshares, Inc. | Ubank Holdings, Inc. |
| Sep 1, 1989 | Wabash General Hospital Federal Credit Union | Louisville Medical Center Federal Credit Union |
| Sep 1, 1989 | Plateau Cu | Upper Cumberland Federal Credit Union |
| Sep 1, 1989 | FN Bancorp | Fort Wayne National Corporation |
| Sep 1, 1989 | St. Joseph Bancorp, Inc. | First Busey Corporation |
| Sep 1, 1989 | Consolidated Banc Shares | CB&T Financial Corp |
| Sep 1, 1989 | Exchange Holding, Inc. | Fourth Financial Corporation |
| Sep 1, 1989 | American Heritage Bancshares, Inc. | Manufacturers National Corporation |
| Sep 1, 1989 | Arcom Credit Union | Sherwin Williams Employees Credit Union |
| Sep 1, 1989 | The Lowndes Bank | Community Bank & Trust |
| Sep 1, 1989 | The Mountain National Bank of Clifton Forge | Crestar Bank |
| Sep 1, 1989 | Saint Gregory the Great Parish Credit Union | Saints Margaret & Gregory Federal Credit Union |
| Sep 1, 1989 | Scarsdale National Bank and Trust Company | The Bank of New York Mellon |
| Sep 1, 1989 | Texas National Guard Credit Union | United Heritage Credit Union |
| Sep 1, 1989 | Hayward Regional Federal Credit Union | Waypoint Federal Credit Union |
| Sep 1, 1989 | (unnamed) | Boatmen's National Bank of Cape Girardeau |
| Sep 1, 1989 | First of America Bank - Ludington, National Association | First of America Bank-Muskegon |
| Sep 1, 1989 | Valley National Bank | The Midway National Bank of St. Paul |
| Sep 1, 1989 | Galveston News Employee Federal Credit Union | Primeway Federal Credit Union |
| Sep 1, 1989 | J.H.S. Employees Credit Union | Resource Federal Credit Union |
| Sep 1, 1989 | Digital Communications Corporation Employees Federal Credit Union | Kinecta Federal Credit Union |
| Sep 1, 1989 | Heylpat Federal Credit Union | Tri-Valley Services Federal Credit Union |
| Sep 1, 1989 | First Federal Savings and Loan Association | Magnolia Federal Bank for Savings |
| Sep 1, 1989 | Newman-Crosby Employees Credit Union | Coastal1 Credit Union |
| Sep 1, 1989 | (unnamed) | First Interstate Bank of California |
| Aug 31, 1989 | Saint Cyril and Saint Francis Xaviers Parishes Federal Credit Union | Little Giant Federal Credit Union |
| Aug 29, 1989 | CBI Insurance Services Inc | Valley Bank |
| Aug 29, 1989 | Midamerican Corporation | Midamerican Corporation |
| Aug 29, 1989 | (unnamed) | The Seymour National Bank |
| Aug 28, 1989 | The First National Bank of Ripley | United 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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